Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Charter Communications Inc., solvency ratios
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Charter Communications Inc. debt to equity ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Charter Communications Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Charter Communications Inc. debt to capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Charter Communications Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Charter Communications Inc. debt to assets ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Charter Communications Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Charter Communications Inc. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Charter Communications Inc. interest coverage ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Charter Communications Inc. fixed charge coverage ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Debt to Equity
Charter Communications Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 2,000) | 1,510) | 2,997) | 1,008) | 3,500) | |
| Long-term debt, less current portion | 95,777) | 96,093) | 88,564) | 81,744) | 75,578) | |
| Total debt | 97,777) | 97,603) | 91,561) | 82,752) | 79,078) | |
| Total Charter shareholders’ equity | 11,086) | 9,119) | 14,050) | 23,805) | 31,445) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 8.82 | 10.70 | 6.52 | 3.48 | 2.51 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Alphabet Inc. | 0.05 | 0.06 | 0.06 | 0.07 | 0.02 | |
| Comcast Corp. | 1.17 | 1.17 | 0.99 | 1.15 | 1.24 | |
| Meta Platforms Inc. | 0.12 | 0.08 | 0.00 | 0.00 | 0.00 | |
| Netflix Inc. | 0.71 | 0.69 | 0.97 | 1.47 | 1.95 | |
| Walt Disney Co. | 0.47 | 0.51 | 0.62 | 0.71 | 0.53 | |
| Debt to Equity, Sector | ||||||
| Media & Entertainment | 0.30 | 0.32 | 0.31 | 0.36 | 0.35 | |
| Debt to Equity, Industry | ||||||
| Communication Services | 0.62 | 0.65 | 0.65 | 0.67 | 0.62 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity = Total debt ÷ Total Charter shareholders’ equity
= 97,777 ÷ 11,086 = 8.82
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Charter Communications Inc. debt to equity ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Equity (including Operating Lease Liability)
Charter Communications Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 2,000) | 1,510) | 2,997) | 1,008) | 3,500) | |
| Long-term debt, less current portion | 95,777) | 96,093) | 88,564) | 81,744) | 75,578) | |
| Total debt | 97,777) | 97,603) | 91,561) | 82,752) | 79,078) | |
| Operating lease liabilities, current portion (included within Accrued and other current liabilities) | 290) | 295) | 269) | 235) | 214) | |
| Operating lease liabilities, long-term portion (included within Other long-term liabilities) | 1,128) | 1,083) | 1,182) | 1,110) | 979) | |
| Total debt (including operating lease liability) | 99,195) | 98,981) | 93,012) | 84,097) | 80,271) | |
| Total Charter shareholders’ equity | 11,086) | 9,119) | 14,050) | 23,805) | 31,445) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 8.95 | 10.85 | 6.62 | 3.53 | 2.55 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Alphabet Inc. | 0.11 | 0.12 | 0.11 | 0.13 | 0.08 | |
| Comcast Corp. | 1.25 | 1.26 | 1.06 | 1.20 | 1.29 | |
| Meta Platforms Inc. | 0.25 | 0.22 | 0.12 | 0.09 | 0.11 | |
| Netflix Inc. | 0.82 | 0.81 | 1.14 | 1.67 | 2.16 | |
| Walt Disney Co. | 0.51 | 0.55 | 0.66 | 0.75 | 0.53 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.37 | 0.39 | 0.38 | 0.43 | 0.41 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.76 | 0.80 | 0.79 | 0.80 | 0.74 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Charter shareholders’ equity
= 99,195 ÷ 11,086 = 8.95
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Charter Communications Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Capital
Charter Communications Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 2,000) | 1,510) | 2,997) | 1,008) | 3,500) | |
| Long-term debt, less current portion | 95,777) | 96,093) | 88,564) | 81,744) | 75,578) | |
| Total debt | 97,777) | 97,603) | 91,561) | 82,752) | 79,078) | |
| Total Charter shareholders’ equity | 11,086) | 9,119) | 14,050) | 23,805) | 31,445) | |
| Total capital | 108,863) | 106,722) | 105,611) | 106,557) | 110,523) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.90 | 0.91 | 0.87 | 0.78 | 0.72 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Alphabet Inc. | 0.05 | 0.06 | 0.06 | 0.06 | 0.02 | |
| Comcast Corp. | 0.54 | 0.54 | 0.50 | 0.53 | 0.55 | |
| Meta Platforms Inc. | 0.11 | 0.08 | 0.00 | 0.00 | 0.00 | |
| Netflix Inc. | 0.41 | 0.41 | 0.49 | 0.60 | 0.66 | |
| Walt Disney Co. | 0.32 | 0.34 | 0.38 | 0.41 | 0.35 | |
| Debt to Capital, Sector | ||||||
| Media & Entertainment | 0.23 | 0.24 | 0.24 | 0.27 | 0.26 | |
| Debt to Capital, Industry | ||||||
| Communication Services | 0.38 | 0.39 | 0.40 | 0.40 | 0.38 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 97,777 ÷ 108,863 = 0.90
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Charter Communications Inc. debt to capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Capital (including Operating Lease Liability)
Charter Communications Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 2,000) | 1,510) | 2,997) | 1,008) | 3,500) | |
| Long-term debt, less current portion | 95,777) | 96,093) | 88,564) | 81,744) | 75,578) | |
| Total debt | 97,777) | 97,603) | 91,561) | 82,752) | 79,078) | |
| Operating lease liabilities, current portion (included within Accrued and other current liabilities) | 290) | 295) | 269) | 235) | 214) | |
| Operating lease liabilities, long-term portion (included within Other long-term liabilities) | 1,128) | 1,083) | 1,182) | 1,110) | 979) | |
| Total debt (including operating lease liability) | 99,195) | 98,981) | 93,012) | 84,097) | 80,271) | |
| Total Charter shareholders’ equity | 11,086) | 9,119) | 14,050) | 23,805) | 31,445) | |
| Total capital (including operating lease liability) | 110,281) | 108,100) | 107,062) | 107,902) | 111,716) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.90 | 0.92 | 0.87 | 0.78 | 0.72 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Alphabet Inc. | 0.10 | 0.10 | 0.10 | 0.11 | 0.07 | |
| Comcast Corp. | 0.56 | 0.56 | 0.52 | 0.55 | 0.56 | |
| Meta Platforms Inc. | 0.20 | 0.18 | 0.10 | 0.08 | 0.10 | |
| Netflix Inc. | 0.45 | 0.45 | 0.53 | 0.63 | 0.68 | |
| Walt Disney Co. | 0.34 | 0.35 | 0.40 | 0.43 | 0.35 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.27 | 0.28 | 0.28 | 0.30 | 0.29 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.43 | 0.44 | 0.44 | 0.44 | 0.43 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 99,195 ÷ 110,281 = 0.90
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Charter Communications Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Assets
Charter Communications Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 2,000) | 1,510) | 2,997) | 1,008) | 3,500) | |
| Long-term debt, less current portion | 95,777) | 96,093) | 88,564) | 81,744) | 75,578) | |
| Total debt | 97,777) | 97,603) | 91,561) | 82,752) | 79,078) | |
| Total assets | 147,193) | 144,523) | 142,491) | 144,206) | 148,188) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.66 | 0.68 | 0.64 | 0.57 | 0.53 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Alphabet Inc. | 0.04 | 0.04 | 0.04 | 0.05 | 0.02 | |
| Comcast Corp. | 0.37 | 0.37 | 0.34 | 0.38 | 0.39 | |
| Meta Platforms Inc. | 0.08 | 0.06 | 0.00 | 0.00 | 0.00 | |
| Netflix Inc. | 0.30 | 0.30 | 0.35 | 0.42 | 0.43 | |
| Walt Disney Co. | 0.23 | 0.24 | 0.27 | 0.29 | 0.24 | |
| Debt to Assets, Sector | ||||||
| Media & Entertainment | 0.17 | 0.17 | 0.17 | 0.20 | 0.19 | |
| Debt to Assets, Industry | ||||||
| Communication Services | 0.26 | 0.27 | 0.27 | 0.27 | 0.26 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 97,777 ÷ 147,193 = 0.66
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Charter Communications Inc. debt to assets ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Assets (including Operating Lease Liability)
Charter Communications Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Current portion of long-term debt | 2,000) | 1,510) | 2,997) | 1,008) | 3,500) | |
| Long-term debt, less current portion | 95,777) | 96,093) | 88,564) | 81,744) | 75,578) | |
| Total debt | 97,777) | 97,603) | 91,561) | 82,752) | 79,078) | |
| Operating lease liabilities, current portion (included within Accrued and other current liabilities) | 290) | 295) | 269) | 235) | 214) | |
| Operating lease liabilities, long-term portion (included within Other long-term liabilities) | 1,128) | 1,083) | 1,182) | 1,110) | 979) | |
| Total debt (including operating lease liability) | 99,195) | 98,981) | 93,012) | 84,097) | 80,271) | |
| Total assets | 147,193) | 144,523) | 142,491) | 144,206) | 148,188) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.67 | 0.68 | 0.65 | 0.58 | 0.54 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Alphabet Inc. | 0.07 | 0.08 | 0.08 | 0.09 | 0.06 | |
| Comcast Corp. | 0.39 | 0.39 | 0.37 | 0.40 | 0.41 | |
| Meta Platforms Inc. | 0.17 | 0.15 | 0.09 | 0.07 | 0.08 | |
| Netflix Inc. | 0.35 | 0.35 | 0.41 | 0.47 | 0.48 | |
| Walt Disney Co. | 0.25 | 0.26 | 0.29 | 0.31 | 0.24 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Media & Entertainment | 0.21 | 0.22 | 0.21 | 0.23 | 0.22 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.32 | 0.33 | 0.33 | 0.33 | 0.31 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 99,195 ÷ 147,193 = 0.67
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Charter Communications Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Financial Leverage
Charter Communications Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 147,193) | 144,523) | 142,491) | 144,206) | 148,188) | |
| Total Charter shareholders’ equity | 11,086) | 9,119) | 14,050) | 23,805) | 31,445) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 13.28 | 15.85 | 10.14 | 6.06 | 4.71 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Alphabet Inc. | 1.42 | 1.43 | 1.43 | 1.44 | 1.37 | |
| Comcast Corp. | 3.20 | 3.18 | 2.87 | 3.03 | 3.18 | |
| Meta Platforms Inc. | 1.50 | 1.48 | 1.33 | 1.24 | 1.32 | |
| Netflix Inc. | 2.37 | 2.34 | 2.81 | 3.55 | 4.48 | |
| Walt Disney Co. | 2.07 | 2.14 | 2.30 | 2.41 | 2.18 | |
| Financial Leverage, Sector | ||||||
| Media & Entertainment | 1.80 | 1.83 | 1.82 | 1.85 | 1.87 | |
| Financial Leverage, Industry | ||||||
| Communication Services | 2.39 | 2.45 | 2.43 | 2.45 | 2.42 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Financial leverage = Total assets ÷ Total Charter shareholders’ equity
= 147,193 ÷ 11,086 = 13.28
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Charter Communications Inc. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
Interest Coverage
Charter Communications Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Charter shareholders | 4,557) | 5,055) | 4,654) | 3,222) | 1,668) | |
| Add: Net income attributable to noncontrolling interest | 704) | 794) | 666) | 454) | 324) | |
| Add: Income tax expense | 1,593) | 1,613) | 1,068) | 626) | 439) | |
| Add: Interest expense, net | 5,188) | 4,556) | 4,037) | 3,848) | 3,797) | |
| Earnings before interest and tax (EBIT) | 12,042) | 12,018) | 10,425) | 8,150) | 6,228) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 2.32 | 2.64 | 2.58 | 2.12 | 1.64 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Alphabet Inc. | 279.30 | 200.80 | 263.24 | 357.16 | 397.25 | |
| Comcast Corp. | 6.01 | 3.38 | 5.46 | 4.07 | 4.72 | |
| Meta Platforms Inc. | 107.34 | 164.74 | 3,153.27 | 2,371.00 | 1,241.60 | |
| Netflix Inc. | 9.87 | 8.45 | 8.63 | 5.17 | 4.29 | |
| Walt Disney Co. | 3.42 | 4.41 | 2.66 | -0.06 | 12.19 | |
| Interest Coverage, Sector | ||||||
| Media & Entertainment | 22.91 | 18.95 | 24.80 | 14.53 | 15.86 | |
| Interest Coverage, Industry | ||||||
| Communication Services | 10.21 | 8.50 | 11.90 | 6.51 | 7.88 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 12,042 ÷ 5,188 = 2.32
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Charter Communications Inc. interest coverage ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Fixed Charge Coverage
Charter Communications Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income attributable to Charter shareholders | 4,557) | 5,055) | 4,654) | 3,222) | 1,668) | |
| Add: Net income attributable to noncontrolling interest | 704) | 794) | 666) | 454) | 324) | |
| Add: Income tax expense | 1,593) | 1,613) | 1,068) | 626) | 439) | |
| Add: Interest expense, net | 5,188) | 4,556) | 4,037) | 3,848) | 3,797) | |
| Earnings before interest and tax (EBIT) | 12,042) | 12,018) | 10,425) | 8,150) | 6,228) | |
| Add: Operating lease expenses | 506) | 482) | 463) | 439) | 428) | |
| Earnings before fixed charges and tax | 12,548) | 12,500) | 10,888) | 8,589) | 6,656) | |
| Interest expense, net | 5,188) | 4,556) | 4,037) | 3,848) | 3,797) | |
| Operating lease expenses | 506) | 482) | 463) | 439) | 428) | |
| Fixed charges | 5,694) | 5,038) | 4,500) | 4,287) | 4,225) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 2.20 | 2.48 | 2.42 | 2.00 | 1.58 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Alphabet Inc. | 18.67 | 18.42 | 25.06 | 16.92 | 17.10 | |
| Comcast Corp. | 4.87 | 2.82 | 4.48 | 3.47 | 4.00 | |
| Meta Platforms Inc. | 19.69 | 15.18 | 31.41 | 24.62 | 22.41 | |
| Netflix Inc. | 5.64 | 5.00 | 5.46 | 3.65 | 2.92 | |
| Walt Disney Co. | 2.71 | 3.25 | 2.07 | 0.32 | 6.94 | |
| Fixed Charge Coverage, Sector | ||||||
| Media & Entertainment | 10.79 | 9.06 | 12.40 | 7.98 | 8.67 | |
| Fixed Charge Coverage, Industry | ||||||
| Communication Services | 5.36 | 4.25 | 5.95 | 3.73 | 4.58 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 12,548 ÷ 5,694 = 2.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Charter Communications Inc. fixed charge coverage ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |