Debt to Equity
since 2005
Calculation
Verizon Communications Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Equity attributable to Verizon1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 1.63 | = | 150,674) | ÷ | 92,430) |
| Dec 31, 2022 | 1.65 | = | 150,639) | ÷ | 91,144) |
| Dec 31, 2021 | 1.84 | = | 150,868) | ÷ | 81,790) |
| Dec 31, 2020 | 1.90 | = | 129,062) | ÷ | 67,842) |
| Dec 31, 2019 | 1.82 | = | 111,489) | ÷ | 61,395) |
| Dec 31, 2018 | 2.13 | = | 113,063) | ÷ | 53,145) |
| Dec 31, 2017 | 2.72 | = | 117,095) | ÷ | 43,096) |
| Dec 31, 2016 | 4.80 | = | 108,078) | ÷ | 22,524) |
| Dec 31, 2015 | 6.71 | = | 110,194) | ÷ | 16,428) |
| Dec 31, 2014 | 9.21 | = | 113,271) | ÷ | 12,298) |
| Dec 31, 2013 | 2.41 | = | 93,591) | ÷ | 38,836) |
| Dec 31, 2012 | 1.57 | = | 51,987) | ÷ | 33,157) |
| Dec 31, 2011 | 1.53 | = | 55,152) | ÷ | 35,970) |
| Dec 31, 2010 | 1.37 | = | 52,794) | ÷ | 38,569) |
| Dec 31, 2009 | 1.50 | = | 62,256) | ÷ | 41,606) |
| Dec 31, 2008 | 1.25 | = | 51,952) | ÷ | 41,706) |
| Dec 31, 2007 | 0.62 | = | 31,157) | ÷ | 50,581) |
| Dec 31, 2006 | 0.75 | = | 36,361) | ÷ | 48,535) |
| Dec 31, 2005 | 0.98 | = | 39,010) | ÷ | 39,680) |
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., debt to equity, long-term trends, comparison to competitors
| Verizon Communications Inc. | AT&T Inc. | T-Mobile US Inc. | |
|---|---|---|---|
| Dec 31, 2023 | 1.63 | 1.33 | 1.20 |
| Dec 31, 2022 | 1.65 | 1.39 | 1.07 |
| Dec 31, 2021 | 1.84 | 1.07 | 1.11 |
| Dec 31, 2020 | 1.90 | 0.97 | 1.13 |
| Dec 31, 2019 | 1.82 | 0.89 | 0.95 |
| Dec 31, 2018 | 2.13 | 0.96 | 1.11 |
| Dec 31, 2017 | 2.72 | 1.17 | 1.26 |
| Dec 31, 2016 | 4.80 | 1.00 | 1.52 |
| Dec 31, 2015 | 6.71 | 1.03 | 1.59 |
| Dec 31, 2014 | 9.21 | 0.95 | 1.40 |
| Dec 31, 2013 | 2.41 | 0.82 | 1.42 |
| Dec 31, 2012 | 1.57 | 0.76 | — |
| Dec 31, 2011 | 1.53 | 0.61 | — |
| Dec 31, 2010 | 1.37 | 0.59 | — |
| Dec 31, 2009 | 1.50 | 0.71 | — |
| Dec 31, 2008 | 1.25 | 0.78 | — |
| Dec 31, 2007 | 0.62 | 0.56 | — |
| Dec 31, 2006 | 0.75 | 0.52 | — |
| Dec 31, 2005 | 0.98 | 0.56 | — |
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., debt to equity, long-term trends, comparison to sector (telecommunication services)
| Verizon Communications Inc. | Telecommunication Services | |
|---|---|---|
| Dec 31, 2023 | 1.63 | 1.40 |
| Dec 31, 2022 | 1.65 | 1.40 |
| Dec 31, 2021 | 1.84 | 1.28 |
| Dec 31, 2020 | 1.90 | 1.22 |
| Dec 31, 2019 | 1.82 | 1.10 |
| Dec 31, 2018 | 2.13 | 1.21 |
| Dec 31, 2017 | 2.72 | 1.50 |
| Dec 31, 2016 | 4.80 | 1.58 |
| Dec 31, 2015 | 6.71 | 1.69 |
| Dec 31, 2014 | 9.21 | 1.90 |
| Dec 31, 2013 | 2.41 | 1.31 |
| Dec 31, 2012 | 1.57 | 0.97 |
| Dec 31, 2011 | 1.53 | 0.85 |
| Dec 31, 2010 | 1.37 | 0.79 |
| Dec 31, 2009 | 1.50 | 0.94 |
| Dec 31, 2008 | 1.25 | 0.92 |
| Dec 31, 2007 | 0.62 | 0.57 |
| Dec 31, 2006 | 0.75 | 0.59 |
| Dec 31, 2005 | 0.98 | 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), 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., debt to equity, long-term trends, comparison to industry (communication services)
| Verizon Communications Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2023 | 1.63 | 0.62 |
| Dec 31, 2022 | 1.65 | 0.65 |
| Dec 31, 2021 | 1.84 | 0.65 |
| Dec 31, 2020 | 1.90 | 0.67 |
| Dec 31, 2019 | 1.82 | 0.62 |
| Dec 31, 2018 | 2.13 | 0.71 |
| Dec 31, 2017 | 2.72 | 0.75 |
| Dec 31, 2016 | 4.80 | 0.75 |
| Dec 31, 2015 | 6.71 | 0.81 |
| Dec 31, 2014 | 9.21 | 0.81 |
| Dec 31, 2013 | 2.41 | 0.75 |
| Dec 31, 2012 | 1.57 | 0.62 |
| Dec 31, 2011 | 1.53 | 0.62 |
| Dec 31, 2010 | 1.37 | 0.60 |
| Dec 31, 2009 | 1.50 | 0.69 |
| Dec 31, 2008 | 1.25 | 0.73 |
| Dec 31, 2007 | 0.62 | 0.54 |
| Dec 31, 2006 | 0.75 | 0.54 |
| Dec 31, 2005 | 0.98 | 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).