Analysis of Solvency Ratios
Quarterly Data
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 (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| 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 improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 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 improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Charter Communications Inc. debt to assets ratio improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Charter Communications Inc. financial leverage ratio decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 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 deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Debt to Equity
Charter Communications Inc., debt to equity calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of long-term debt | 2,000) | 1,999) | 1,999) | 1,999) | 1,510) | 1,522) | 1,533) | 4,543) | 2,997) | 2,996) | 1,002) | 1,005) | 1,008) | 1,715) | 706) | 4,905) | 3,500) | 3,509) | 1,522) | 3,532) | ||||||
| Long-term debt, less current portion | 95,777) | 95,800) | 95,971) | 95,973) | 96,093) | 95,510) | 94,468) | 90,679) | 88,564) | 85,376) | 86,962) | 83,882) | 81,744) | 77,947) | 77,663) | 74,787) | 75,578) | 71,390) | 71,784) | 70,567) | ||||||
| Total debt | 97,777) | 97,799) | 97,970) | 97,972) | 97,603) | 97,032) | 96,001) | 95,222) | 91,561) | 88,372) | 87,964) | 84,887) | 82,752) | 79,662) | 78,369) | 79,692) | 79,078) | 74,899) | 73,306) | 74,099) | ||||||
| Total Charter shareholders’ equity | 11,086) | 11,098) | 10,460) | 9,418) | 9,119) | 8,889) | 9,879) | 12,060) | 14,050) | 17,030) | 19,342) | 20,997) | 23,805) | 26,906) | 29,356) | 29,628) | 31,445) | 32,974) | 35,286) | 35,734) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to equity1 | 8.82 | 8.81 | 9.37 | 10.40 | 10.70 | 10.92 | 9.72 | 7.90 | 6.52 | 5.19 | 4.55 | 4.04 | 3.48 | 2.96 | 2.67 | 2.69 | 2.51 | 2.27 | 2.08 | 2.07 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | ||||||
| Comcast Corp. | 1.17 | 1.18 | 1.16 | 1.16 | 1.17 | 1.15 | 1.02 | 1.00 | 0.99 | 1.01 | 1.04 | 1.12 | 1.15 | 1.21 | 1.25 | 1.27 | 1.24 | 1.29 | 1.40 | 1.46 | ||||||
| Meta Platforms Inc. | 0.12 | 0.13 | 0.14 | 0.08 | 0.08 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
| Netflix Inc. | 0.71 | 0.65 | 0.63 | 0.66 | 0.69 | 0.68 | 0.75 | 0.83 | 0.97 | 1.01 | 1.13 | 1.21 | 1.47 | 1.55 | 1.69 | 1.74 | 1.95 | 1.81 | 2.06 | 1.81 | ||||||
| Walt Disney Co. | 0.47 | 0.48 | 0.50 | 0.50 | 0.51 | 0.56 | 0.57 | 0.60 | 0.61 | 0.64 | 0.66 | 0.69 | 0.70 | 0.75 | 0.61 | 0.54 | 0.53 | 0.64 | 0.63 | 0.41 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 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 improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
Debt to Capital
Charter Communications Inc., debt to capital calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of long-term debt | 2,000) | 1,999) | 1,999) | 1,999) | 1,510) | 1,522) | 1,533) | 4,543) | 2,997) | 2,996) | 1,002) | 1,005) | 1,008) | 1,715) | 706) | 4,905) | 3,500) | 3,509) | 1,522) | 3,532) | ||||||
| Long-term debt, less current portion | 95,777) | 95,800) | 95,971) | 95,973) | 96,093) | 95,510) | 94,468) | 90,679) | 88,564) | 85,376) | 86,962) | 83,882) | 81,744) | 77,947) | 77,663) | 74,787) | 75,578) | 71,390) | 71,784) | 70,567) | ||||||
| Total debt | 97,777) | 97,799) | 97,970) | 97,972) | 97,603) | 97,032) | 96,001) | 95,222) | 91,561) | 88,372) | 87,964) | 84,887) | 82,752) | 79,662) | 78,369) | 79,692) | 79,078) | 74,899) | 73,306) | 74,099) | ||||||
| Total Charter shareholders’ equity | 11,086) | 11,098) | 10,460) | 9,418) | 9,119) | 8,889) | 9,879) | 12,060) | 14,050) | 17,030) | 19,342) | 20,997) | 23,805) | 26,906) | 29,356) | 29,628) | 31,445) | 32,974) | 35,286) | 35,734) | ||||||
| Total capital | 108,863) | 108,897) | 108,430) | 107,390) | 106,722) | 105,921) | 105,880) | 107,282) | 105,611) | 105,402) | 107,306) | 105,884) | 106,557) | 106,568) | 107,725) | 109,320) | 110,523) | 107,873) | 108,592) | 109,833) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to capital1 | 0.90 | 0.90 | 0.90 | 0.91 | 0.91 | 0.92 | 0.91 | 0.89 | 0.87 | 0.84 | 0.82 | 0.80 | 0.78 | 0.75 | 0.73 | 0.73 | 0.72 | 0.69 | 0.68 | 0.67 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | ||||||
| Comcast Corp. | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.54 | 0.51 | 0.50 | 0.50 | 0.50 | 0.51 | 0.53 | 0.53 | 0.55 | 0.56 | 0.56 | 0.55 | 0.56 | 0.58 | 0.59 | ||||||
| Meta Platforms Inc. | 0.11 | 0.11 | 0.12 | 0.07 | 0.07 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
| Netflix Inc. | 0.41 | 0.39 | 0.39 | 0.40 | 0.41 | 0.40 | 0.43 | 0.45 | 0.49 | 0.50 | 0.53 | 0.55 | 0.60 | 0.61 | 0.63 | 0.64 | 0.66 | 0.64 | 0.67 | 0.64 | ||||||
| Walt Disney Co. | 0.32 | 0.33 | 0.33 | 0.33 | 0.34 | 0.36 | 0.36 | 0.38 | 0.38 | 0.39 | 0.40 | 0.41 | 0.41 | 0.43 | 0.38 | 0.35 | 0.35 | 0.39 | 0.39 | 0.29 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 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 improved from Q2 2023 to Q3 2023 but then slightly deteriorated from Q3 2023 to Q4 2023. |
Debt to Assets
Charter Communications Inc., debt to assets calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Current portion of long-term debt | 2,000) | 1,999) | 1,999) | 1,999) | 1,510) | 1,522) | 1,533) | 4,543) | 2,997) | 2,996) | 1,002) | 1,005) | 1,008) | 1,715) | 706) | 4,905) | 3,500) | 3,509) | 1,522) | 3,532) | ||||||
| Long-term debt, less current portion | 95,777) | 95,800) | 95,971) | 95,973) | 96,093) | 95,510) | 94,468) | 90,679) | 88,564) | 85,376) | 86,962) | 83,882) | 81,744) | 77,947) | 77,663) | 74,787) | 75,578) | 71,390) | 71,784) | 70,567) | ||||||
| Total debt | 97,777) | 97,799) | 97,970) | 97,972) | 97,603) | 97,032) | 96,001) | 95,222) | 91,561) | 88,372) | 87,964) | 84,887) | 82,752) | 79,662) | 78,369) | 79,692) | 79,078) | 74,899) | 73,306) | 74,099) | ||||||
| Total assets | 147,193) | 146,682) | 145,615) | 144,870) | 144,523) | 143,669) | 143,258) | 143,948) | 142,491) | 142,495) | 144,026) | 143,439) | 144,206) | 144,193) | 145,136) | 146,552) | 148,188) | 145,267) | 146,085) | 147,257) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Debt to assets1 | 0.66 | 0.67 | 0.67 | 0.68 | 0.68 | 0.68 | 0.67 | 0.66 | 0.64 | 0.62 | 0.61 | 0.59 | 0.57 | 0.55 | 0.54 | 0.54 | 0.53 | 0.52 | 0.50 | 0.50 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | ||||||
| Comcast Corp. | 0.37 | 0.37 | 0.37 | 0.37 | 0.37 | 0.36 | 0.35 | 0.35 | 0.34 | 0.35 | 0.36 | 0.37 | 0.38 | 0.39 | 0.39 | 0.39 | 0.39 | 0.39 | 0.42 | 0.43 | ||||||
| Meta Platforms Inc. | 0.08 | 0.08 | 0.09 | 0.05 | 0.05 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
| Netflix Inc. | 0.30 | 0.29 | 0.28 | 0.29 | 0.30 | 0.29 | 0.31 | 0.32 | 0.35 | 0.36 | 0.38 | 0.39 | 0.42 | 0.42 | 0.42 | 0.42 | 0.43 | 0.40 | 0.42 | 0.38 | ||||||
| Walt Disney Co. | 0.23 | 0.23 | 0.24 | 0.24 | 0.24 | 0.25 | 0.26 | 0.27 | 0.27 | 0.28 | 0.28 | 0.29 | 0.29 | 0.31 | 0.27 | 0.24 | 0.24 | 0.28 | 0.27 | 0.21 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 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 improved from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Financial Leverage
Charter Communications Inc., financial leverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Total assets | 147,193) | 146,682) | 145,615) | 144,870) | 144,523) | 143,669) | 143,258) | 143,948) | 142,491) | 142,495) | 144,026) | 143,439) | 144,206) | 144,193) | 145,136) | 146,552) | 148,188) | 145,267) | 146,085) | 147,257) | ||||||
| Total Charter shareholders’ equity | 11,086) | 11,098) | 10,460) | 9,418) | 9,119) | 8,889) | 9,879) | 12,060) | 14,050) | 17,030) | 19,342) | 20,997) | 23,805) | 26,906) | 29,356) | 29,628) | 31,445) | 32,974) | 35,286) | 35,734) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Financial leverage1 | 13.28 | 13.22 | 13.92 | 15.38 | 15.85 | 16.16 | 14.50 | 11.94 | 10.14 | 8.37 | 7.45 | 6.83 | 6.06 | 5.36 | 4.94 | 4.95 | 4.71 | 4.41 | 4.14 | 4.12 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | 1.42 | 1.45 | 1.43 | 1.42 | 1.43 | 1.41 | 1.39 | 1.41 | 1.43 | 1.42 | 1.41 | 1.42 | 1.44 | 1.41 | 1.34 | 1.34 | 1.37 | 1.35 | 1.34 | 1.34 | ||||||
| Comcast Corp. | 3.20 | 3.16 | 3.12 | 3.15 | 3.18 | 3.17 | 2.92 | 2.89 | 2.87 | 2.89 | 2.92 | 3.01 | 3.03 | 3.12 | 3.18 | 3.22 | 3.18 | 3.28 | 3.34 | 3.42 | ||||||
| Meta Platforms Inc. | 1.50 | 1.51 | 1.54 | 1.48 | 1.48 | 1.44 | 1.35 | 1.33 | 1.33 | 1.27 | 1.23 | 1.22 | 1.24 | 1.24 | 1.26 | 1.31 | 1.32 | 1.32 | 1.32 | 1.27 | ||||||
| Netflix Inc. | 2.37 | 2.24 | 2.23 | 2.27 | 2.34 | 2.32 | 2.43 | 2.58 | 2.81 | 2.79 | 2.96 | 3.11 | 3.55 | 3.74 | 3.98 | 4.17 | 4.48 | 4.51 | 4.94 | 4.77 | ||||||
| Walt Disney Co. | 2.07 | 2.09 | 2.09 | 2.10 | 2.14 | 2.21 | 2.23 | 2.26 | 2.30 | 2.33 | 2.34 | 2.40 | 2.41 | 2.42 | 2.28 | 2.24 | 2.18 | 2.32 | 2.38 | 1.99 | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 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 decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023. |
Interest Coverage
Charter Communications Inc., interest coverage calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income attributable to Charter shareholders | 1,058) | 1,255) | 1,223) | 1,021) | 1,196) | 1,185) | 1,471) | 1,203) | 1,610) | 1,217) | 1,020) | 807) | 1,246) | 814) | 766) | 396) | 714) | 387) | 314) | 253) | ||||||
| Add: Net income attributable to noncontrolling interest | 171) | 181) | 190) | 162) | 189) | 182) | 237) | 186) | 224) | 190) | 138) | 114) | 155) | 118) | 110) | 71) | 108) | 80) | 72) | 64) | ||||||
| Add: Income tax expense | 406) | 369) | 444) | 374) | 419) | 360) | 489) | 345) | 224) | 347) | 281) | 216) | 254) | 177) | 166) | 29) | 110) | 126) | 84) | 119) | ||||||
| Add: Interest expense, net | 1,319) | 1,306) | 1,298) | 1,265) | 1,227) | 1,160) | 1,109) | 1,060) | 1,034) | 1,016) | 1,004) | 983) | 965) | 946) | 957) | 980) | 964) | 963) | 945) | 925) | ||||||
| Earnings before interest and tax (EBIT) | 2,954) | 3,111) | 3,155) | 2,822) | 3,031) | 2,887) | 3,306) | 2,794) | 3,092) | 2,770) | 2,443) | 2,120) | 2,620) | 2,055) | 1,999) | 1,476) | 1,896) | 1,556) | 1,415) | 1,361) | ||||||
| Solvency Ratio | ||||||||||||||||||||||||||
| Interest coverage1 | 2.32 | 2.38 | 2.40 | 2.53 | 2.64 | 2.77 | 2.84 | 2.70 | 2.58 | 2.51 | 2.37 | 2.28 | 2.12 | 1.93 | 1.79 | 1.65 | 1.64 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | ||||||||||||||||||||||||||
| Comcast Corp. | 6.01 | 5.97 | 3.79 | 3.50 | 3.38 | 3.35 | 5.43 | 5.57 | 5.46 | 5.67 | 4.94 | 4.54 | 4.07 | 3.94 | 4.26 | 4.29 | 4.72 | — | — | — | ||||||
| Netflix Inc. | 9.87 | 8.33 | 7.95 | 7.86 | 8.45 | 8.97 | 8.83 | 8.62 | 8.63 | 8.49 | 7.41 | 6.71 | 5.17 | 4.80 | 5.21 | 4.64 | 4.29 | — | — | — | ||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Interest coverage
= (EBITQ4 2023
+ EBITQ3 2023
+ EBITQ2 2023
+ EBITQ1 2023)
÷ (Interest expenseQ4 2023
+ Interest expenseQ3 2023
+ Interest expenseQ2 2023
+ Interest expenseQ1 2023)
= (2,954 + 3,111 + 3,155 + 2,822)
÷ (1,319 + 1,306 + 1,298 + 1,265)
= 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 deteriorated from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |