Verizon Communications (Verizon Communications) Cash-to-Debt

: 0.01 (As of Mar. 2024)

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Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Verizon Communications's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.01.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Verizon Communications couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Verizon Communications's Cash-to-Debt or its related term are showing as below:

VZ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.15
Current: 0.01

During the past 13 years, Verizon Communications's highest Cash to Debt Ratio was 0.15. The lowest was 0.01. And the median was 0.03.

VZ's Cash-to-Debt is ranked worse than
95.87% of 387 companies
in the Telecommunication Services industry
Industry Median: 0.36 vs VZ: 0.01

Verizon Communications Cash-to-Debt Historical Data

The historical data trend for Verizon Communications's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Verizon Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.15

0.02

0.01

Verizon Communications Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.03	0.02	0.01	0.01

Competitive Comparison

For the Telecom Services subindustry, Verizon Communications's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Verizon Communications Cash-to-Debt Distribution

For the Telecommunication Services industry and Communication Services sector, Verizon Communications's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Verizon Communications's Cash-to-Debt falls into.

Verizon Communications Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Verizon Communications's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2065	/	(17239	+	157703)
	=	0.01

Verizon Communications's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2365	/	(19876	+	155758)
	=	0.01

Verizon Communications (NYSE:VZ) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Verizon Communications Cash-to-Debt Related Terms

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Verizon Communications (Verizon Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Verizon Communications Inc (NYSE:VZ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VZ:Peru VZ:Mexico VZ_KZ:Kazakhstan 1VZ:Italy BACd:UK 0Q1S:UK BACB:Germany BAC:Germany BAC:Germany BAC:Germany BAC:Germany VZ:Chile VZ:Canada VERZ34:Brazil VZ:Austria VZ:Argentina

Address

1095 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.verizon.com

Verizon Communications is primarily a wireless business (it provides about 70% of service revenue and nearly all operating income). It serves about 92 million postpaid and 22 million prepaid phone customers (following the acquisition of Tracfone) via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 25 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks.

Executives

Craig L. Silliman	officer: EVP of PubPolicy & Gen Counsel	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Samantha Hammock	officer: EVP & Chief HR Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Joseph J. Russo	officer: EVP&Pres-Global Networks&Tech	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Mary-lee Stillwell	officer: SVP and Controller	804 CARNEGIE CENTER, PRINCETON NJ 08540
Kyle Malady	officer: EVP & Chief Technology Officer	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vittorio Colao	director	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Vandana Venkatesh	officer: EVP and General Counsel	VERIZON COMMUNICATIONS INC., 1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Sowmyanarayan Sampath	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tami A. Erwin	officer: EVP and Group CEO-VZ Business	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Hans Erik Vestberg	director, officer: Chairman and CEO	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Manon Brouillette	officer: EVP and Group CEO-VZ Consumer	40 AVENUE SPRINGGROVE, MONTREAL Z4 H3C 4M8
Carol B Tome	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Kumara Guru Gowrappan	officer: EVP and Group CEO-VZ Media	1095 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Laxman Narasimhan	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Shellye L Archambeau	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036