Comcast (Comcast) Interest Coverage

: 4.40 (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Comcast's Operating Income for the three months ended in Dec. 2023 was $4,484 Mil. Comcast's Interest Expense for the three months ended in Dec. 2023 was $-1,019 Mil. Comcast's interest coverage for the quarter that ended in Dec. 2023 was 4.40. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for Comcast's Interest Coverage or its related term are showing as below:

CMCSA' s Interest Coverage Range Over the Past 10 Years
Min: 3.81 Med: 5.7 Max: 5.92
Current: 5.7

CMCSA's Interest Coverage is ranked better than
56.75% of 289 companies
in the Telecommunication Services industry
Industry Median: 4.53 vs CMCSA: 5.70

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Comcast Interest Coverage Historical Data

The historical data trend for Comcast's Interest Coverage 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: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term 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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Comcast Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

4.63

3.81

4.86

5.81

5.70

Comcast Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage																4.65	5.59	6.72	6.11	4.40

Competitive Comparison

For the Telecom Services subindustry, Comcast's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.

Comcast Interest Coverage Distribution

For the Telecommunication Services industry and Communication Services sector, Comcast's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Comcast's Interest Coverage falls into.

Comcast Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Comcast's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Comcast's Interest Expense was $-4,087 Mil. Its Operating Income was $23,313 Mil. And its Long-Term Debt & Capital Lease Obligation was $95,021 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	23313	/	-4087
	=	5.70

Comcast's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Comcast's Interest Expense was $-1,019 Mil. Its Operating Income was $4,484 Mil. And its Long-Term Debt & Capital Lease Obligation was $95,021 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4484	/	-1019
	=	4.40

The higher the ratio, the stronger the company's Financial Strength is.

Comcast (NAS:CMCSA) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Comcast Interest Coverage Related Terms

Thank you for viewing the detailed overview of Comcast's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Comcast (Comcast) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Comcast Corp (NAS:CMCSA) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

CCZ:USA CMCS A:Mexico 1CMCSA:Italy CTP2d:UK 0QYF:UK CTP2:Germany CTP2:Germany CTP2:Germany CTP2:Germany CMCSA:Chile CMCS34:Brazil

Address

One Comcast Center, Philadelphia, PA, USA, 19103-2838

Website

https://www.comcastcorporation.com

Comcast is made up of three parts. The core cable business owns networks capable of providing television, internet access, and phone services to 62 million U.S. homes and businesses, or nearly half of the country. About 55% of the homes in this territory subscribe to at least one Comcast service. Comcast acquired NBCUniversal from General Electric in 2011. NBCU owns several cable networks, including CNBC, MSNBC, and USA, the NBC broadcast network, the Peacock streaming platform, several local NBC affiliates, Universal Studios, and several theme parks. Sky, acquired in 2018, is the dominant television provider in the U.K. and has invested heavily in proprietary content to build this position. Sky is also the largest pay-television provider in Italy and has a presence in Germany and Austria.

Executives

Jason Armstrong	officer: CFO & Treasurer	C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Louise F. Brady	director	22 SYLVAN WAY, PARSIPPANY NY 07054
Baltimore Thomas J Jr	director	PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102
Jennifer Khoury	officer: Chief Communications Officer	C/O COMCAST CORP, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Kenneth J Bacon	director	5404 WISCONSIN AVENUE, SUITE 410, CHEVY CHASE MD 20815
Daniel C. Murdock	officer: SVP & Chief Accounting Officer	1500 MARKET STREET, PHILADELPHIA PA 19102
David N Watson	officer: Sr. EVP	1100 CASSATT ROAD, BERWYN PA 19312
Brian L Roberts	director, officer: Chairman of Board, Pres. & CEO	COMCAST CORP, ONE COMCAST CENTER, 1701 JFK BOULEVARD, PHILIDELPHIA PA 19103
Maritza Gomez Montiel	director	C/O APTARGROUP, INC., 265 EXCHANGE DRIVE, SUITE 100, CRYSTAL LAKE IL 60014
Adam Louis Miller	officer: Sr. EVP	ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Dana Strong	officer: CEO - Sky	C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103-2838
Jeff Shell	officer: CEO - NBCUniversal	C/O COMCAST CORPORATION, ONE COMCAST CENTER, PHILADELPHIA PA 19103
Naomi M. Bergman	director	210 E. EARLL DRIVE, PHOENIX AZ 85012
Sheldon M Bonovitz	director
David L Cohen	officer: Executive Vice President