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Comcast Altman Z-Score

: 1.64 (As of Today)
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Warning Sign:

Altman Z-score of 1.63 is in distress zone. This implies bankruptcy possibility in the next two years.

Comcast has a Altman Z-Score of 1.64, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Comcast's Altman Z-Score or its related term are showing as below:

CMCSA' s Altman Z-Score Range Over the Past 10 Years
Min: -0.32   Med: 1.01   Max: 2.07
Current: 1.63

During the past 13 years, Comcast's highest Altman Z-Score was 2.07. The lowest was -0.32. And the median was 1.01.


Comcast Altman Z-Score Historical Data

The historical data trend for Comcast's Altman Z-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Comcast Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.98 1.35 1.62 1.68 1.77

Comcast Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Altman Z-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.82 1.87 1.77 1.73 1.64

Competitive Comparison

For the Telecom Services subindustry, Comcast's Altman Z-Score, along with its competitors' market caps and Altman Z-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Comcast Altman Z-Score Distribution

For the Telecommunication Services industry and Communication Services sector, Comcast's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Comcast's Altman Z-Score falls into.



Comcast Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Comcast's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*-0.0127+1.4*0.2292+3.3*0.0841+0.6*1.0028+1.0*0.4556
=1.64

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2022:
Total Assets was $267,032 Mil.
Total Current Assets was $24,192 Mil.
Total Current Liabilities was $27,585 Mil.
Retained Earnings was $61,209 Mil.
Pre-Tax Income was 4502 + 4764 + 3885 + 5166 = $18,317 Mil.
Interest Expense was -968 + -993 + -1120 + -1050 = $-4,131 Mil.
Revenue was 30016 + 31010 + 30336 + 30298 = $121,660 Mil.
Market Cap (Today) was $174,455 Mil.
Total Liabilities was $173,961 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(24192 - 27585)/267032
=-0.0127

X2=Retained Earnings/Total Assets
=61209/267032
=0.2292

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(18317 - -4131)/267032
=0.0841

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=174455.312/173961
=1.0028

X5=Revenue/Total Assets
=121660/267032
=0.4556

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Comcast has a Altman Z-Score of 1.64 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Comcast  (NAS:CMCSA) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Comcast Altman Z-Score Related Terms

Thank you for viewing the detailed overview of Comcast's Altman Z-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Comcast Business Description

Comcast logo
Address
One Comcast Center, Philadelphia, PA, USA, 19103-2838
Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to roughly 61 million U.S. homes and businesses, or nearly half of the country. About 57% of the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in exclusive and proprietary content to build this position. The firm is also the largest pay-television provider in Italy and has a presence in Germany and Austria.
Executives
Strong Dana officer: CEO - Sky C/O COMCAST CORPORATION ONE COMCAST CENTER PHILADELPHIA PA 19103-2838
Bergman Naomi M. director 210 E. EARLL DRIVE PHOENIX AZ 85012
Miller Adam Louis officer: Sr. EVP ONE COMCAST CENTER PHILADELPHIA PA 19103-2838
Shell Jeff officer: CEO - NBCUniversal C/O COMCAST CORPORATION ONE COMCAST CENTER PHILADELPHIA PA 19103
Bacon Kenneth J director 5404 WISCONSIN AVENUE SUITE 410 CHEVY CHASE MD 20815
Reid Thomas J. officer: Senior EVP, GC and Secretary ONE COMCAST CENTER PHILADELPHIA PA 19103
Montiel Maritza Gomez director C/O APTARGROUP, INC. 265 EXCHANGE DRIVE, SUITE 100 CRYSTAL LAKE IL 60014
Roberts Brian L director, officer: Chairman of Board, Pres. & CEO COMCAST CORP 1500 MARKET STREET-35TH FLOOR PHILIDELPHIA PA 19102-2148
Watson David N officer: Sr. EVP 1100 CASSATT ROAD BERWYN PA 19312
Murdock Daniel C. officer: SVP & Chief Accounting Officer 1500 MARKET STREET PHILADELPHIA PA 19102
Nakahara Asuka director 527 GREYSTONE ROAD MERION PA 19066
Novak David C director 1441 GARDINER LANE LOUISVILLE KY 40213
Bell Madeline S. director ONE COMCAST CENTER PHILADELPHIA PA 19103-2838
Cavanagh Michael J officer: CFO 1 BANK ONE PLAZA IL1-0877 CHICAGO IL 60670
Burke Stephen B officer: Executive Vice President 41 CENTRAL PARK WEST - APT 11A NEW YORK NY 10023

Comcast Headlines

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