What Does Comcast's Debt Look Like?
Portfolio Pulse from Benzinga Insights
Comcast Inc.'s (NASDAQ:CMCSA) shares increased by 9.69% in the past three months. The company's total debt stands at $100.71 billion, with long-term debt at $94.40 billion and current debt at $6.30 billion. Adjusted for $5.54 billion in cash-equivalents, Comcast's net debt is $95.17 billion. The debt-ratio is 0.39, considering the company's $259.43 billion in total assets.
June 26, 2023 | 5:46 pm
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Comcast's shares increased by 9.69% in the past three months, with a total debt of $100.71 billion and a debt-ratio of 0.39.
Comcast's debt levels are important for investors to consider, as they can impact the company's financial leverage and risk of defaulting on loans. The debt-ratio of 0.39 indicates that the company has a moderate level of debt relative to its assets. While the increase in share price over the past three months is a positive sign, the debt levels and debt-ratio do not provide a clear indication of the short-term price direction.
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