Current Ratio
since 2005
Calculation
Verizon Communications Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 0.69 | = | 36,814) | ÷ | 53,223) |
| Dec 31, 2022 | 0.75 | = | 37,857) | ÷ | 50,171) |
| Dec 31, 2021 | 0.78 | = | 36,728) | ÷ | 47,160) |
| Dec 31, 2020 | 1.38 | = | 54,594) | ÷ | 39,660) |
| Dec 31, 2019 | 0.84 | = | 37,473) | ÷ | 44,868) |
| Dec 31, 2018 | 0.91 | = | 34,636) | ÷ | 37,930) |
| Dec 31, 2017 | 0.91 | = | 29,913) | ÷ | 33,037) |
| Dec 31, 2016 | 0.87 | = | 26,395) | ÷ | 30,340) |
| Dec 31, 2015 | 0.64 | = | 22,280) | ÷ | 35,052) |
| Dec 31, 2014 | 1.06 | = | 29,623) | ÷ | 28,064) |
| Dec 31, 2013 | 2.62 | = | 70,994) | ÷ | 27,050) |
| Dec 31, 2012 | 0.79 | = | 21,235) | ÷ | 26,956) |
| Dec 31, 2011 | 1.01 | = | 30,939) | ÷ | 30,761) |
| Dec 31, 2010 | 0.73 | = | 22,348) | ÷ | 30,597) |
| Dec 31, 2009 | 0.78 | = | 22,608) | ÷ | 29,136) |
| Dec 31, 2008 | 1.01 | = | 26,075) | ÷ | 25,906) |
| Dec 31, 2007 | 0.76 | = | 18,698) | ÷ | 24,741) |
| Dec 31, 2006 | 0.70 | = | 22,538) | ÷ | 32,280) |
| Dec 31, 2005 | 0.66 | = | 16,448) | ÷ | 25,063) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Verizon Communications Inc., current ratio, long-term trends, comparison to competitors
| Verizon Communications Inc. | AT&T Inc. | T-Mobile US Inc. | |
|---|---|---|---|
| Dec 31, 2023 | 0.69 | 0.71 | 0.91 |
| Dec 31, 2022 | 0.75 | 0.59 | 0.77 |
| Dec 31, 2021 | 0.78 | 0.70 | 0.89 |
| Dec 31, 2020 | 1.38 | 0.82 | 1.10 |
| Dec 31, 2019 | 0.84 | 0.79 | 0.74 |
| Dec 31, 2018 | 0.91 | 0.80 | 0.81 |
| Dec 31, 2017 | 0.91 | 0.97 | 0.77 |
| Dec 31, 2016 | 0.87 | 0.76 | 1.58 |
| Dec 31, 2015 | 0.64 | 0.75 | 1.56 |
| Dec 31, 2014 | 1.06 | 0.86 | 1.59 |
| Dec 31, 2013 | 2.62 | 0.66 | 2.11 |
| Dec 31, 2012 | 0.79 | 0.71 | — |
| Dec 31, 2011 | 1.01 | 0.75 | — |
| Dec 31, 2010 | 0.73 | 0.59 | — |
| Dec 31, 2009 | 0.78 | 0.66 | — |
| Dec 31, 2008 | 1.01 | 0.53 | — |
| Dec 31, 2007 | 0.76 | 0.63 | — |
| Dec 31, 2006 | 0.70 | 0.63 | — |
| Dec 31, 2005 | 0.66 | 0.58 | — |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Telecommunication Services)
Verizon Communications Inc., current ratio, long-term trends, comparison to sector (telecommunication services)
| Verizon Communications Inc. | Telecommunication Services | |
|---|---|---|
| Dec 31, 2023 | 0.69 | 0.74 |
| Dec 31, 2022 | 0.75 | 0.69 |
| Dec 31, 2021 | 0.78 | 0.75 |
| Dec 31, 2020 | 1.38 | 1.05 |
| Dec 31, 2019 | 0.84 | 0.80 |
| Dec 31, 2018 | 0.91 | 0.84 |
| Dec 31, 2017 | 0.91 | 0.94 |
| Dec 31, 2016 | 0.87 | 0.88 |
| Dec 31, 2015 | 0.64 | 0.79 |
| Dec 31, 2014 | 1.06 | 1.02 |
| Dec 31, 2013 | 2.62 | 1.57 |
| Dec 31, 2012 | 0.79 | 0.75 |
| Dec 31, 2011 | 1.01 | 0.88 |
| Dec 31, 2010 | 0.73 | 0.66 |
| Dec 31, 2009 | 0.78 | 0.71 |
| Dec 31, 2008 | 1.01 | 0.71 |
| Dec 31, 2007 | 0.76 | 0.68 |
| Dec 31, 2006 | 0.70 | 0.66 |
| Dec 31, 2005 | 0.66 | 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Communication Services)
Verizon Communications Inc., current ratio, long-term trends, comparison to industry (communication services)
| Verizon Communications Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2023 | 0.69 | 1.30 |
| Dec 31, 2022 | 0.75 | 1.28 |
| Dec 31, 2021 | 0.78 | 1.41 |
| Dec 31, 2020 | 1.38 | 1.74 |
| Dec 31, 2019 | 0.84 | 1.49 |
| Dec 31, 2018 | 0.91 | 1.59 |
| Dec 31, 2017 | 0.91 | 1.65 |
| Dec 31, 2016 | 0.87 | 1.69 |
| Dec 31, 2015 | 0.64 | 1.45 |
| Dec 31, 2014 | 1.06 | 1.61 |
| Dec 31, 2013 | 2.62 | 1.90 |
| Dec 31, 2012 | 0.79 | 1.44 |
| Dec 31, 2011 | 1.01 | 1.35 |
| Dec 31, 2010 | 0.73 | 1.12 |
| Dec 31, 2009 | 0.78 | 1.08 |
| Dec 31, 2008 | 1.01 | 0.93 |
| Dec 31, 2007 | 0.76 | 0.89 |
| Dec 31, 2006 | 0.70 | 0.83 |
| Dec 31, 2005 | 0.66 | 0.78 |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).