Is Verizon in debt?
Total debt on the balance sheet as of December 2023 : $174.94 B. According to Verizon's latest financial reports the company's total debt is $174.94 B. A company's total debt is the sum of all current and non-current debts.
For fourth-quarter 2023, Verizon reported earnings per share of $(0.64), compared with earnings per share of $1.56 in fourth-quarter 2022. On an adjusted basis1, excluding special items, EPS was $1.08 in fourth-quarter 2023, compared with adjusted EPS1 of $1.19 in fourth- quarter 2022.
Verizon's total unsecured debt as of the end of the year was $128.5 billion, a $2.1 billion increase sequentially, but $2.1 billion lower year over year. The company's net unsecured debt1 at the end of the year was $126.4 billion, a $4.2 billion increase from third-quarter 2023, but $1.6 billion lower year over year.
"The longer term fundamentals of Verizon remain in good shape, with consistent results and mostly domestic, predictable, recurring revenue. With a 6.5% dividend yield, we believe the shares remain attractive." Meanwhile, Verizon stock was up nearly 7% in 2024 as of March 25. Also, Verizon stock retreated 4% in 2023.
Verizon's Long-Term Issuer Default Rating (IDR) is 'A-'/Outlook Stable.
With its 4-star rating, we believe Verizon's stock is undervalued compared with our long-term fair value estimate of $54 per share, which equates to roughly 8 times our 2024 EBITDA forecast. That valuation also implies an 8.2% free cash flow yield based on the firm's performance in 2023.
The good news for the brand: Verizon customers are, for the most part, happy customers. When asked about overall satisfaction, 82% say they are very or fairly satisfied, and just 15% say they are not satisfied. When asked about whether they think Verizon services are good or poor, users are similarly happy.
As of February 2023, the Japanese car manufacturer Toyota was the company with the highest debt worldwide, amounting to 217 billion U.S. dollars. The Chinese property developer Evergrande followed in second with a debt of roughly 170 billion U.S. dollars, with Volkswagen following in third.
Total debt on the balance sheet as of December 2023 : $108.04 B. According to Apple's latest financial reports the company's total debt is $108.04 B. A company's total debt is the sum of all current and non-current debts.
No. If you ask, they can examine your bill and may find a way to lower it, but they will do that without the threat of cancellation.
Will Verizon go under?
The Probability of Bankruptcy of Verizon Communications Inc (VZ) is 20.7% . This number represents the probability that Verizon will face financial distress in the next 24 months given its current fundamentals and market conditions.
Verizon posted non-GAAP (adjusted) earnings per share of $1.08 on revenue of $35.1 billion. Earnings for the period were in line with Wall Street's expectations, but the 0.6% sales decline that the business posted was less than expected. The telecom giant beat the average analyst sales target by roughly $550 million.
Verizon Communications' CEO is Hans Vestberg, appointed in Aug 2018, has a tenure of 5.58 years. total yearly compensation is $19.83M, comprised of 7.6% salary and 92.4% bonuses, including company stock and options. directly owns 0.012% of the company's shares, worth $20.32M.
Conclusion. Verizon Communications Inc (NYSE:VZ), despite its attractive valuation, exhibits signs of being a potential value trap. The company's low Altman Z-Score and decreasing asset turnover ratio suggest potential financial distress and declining operational efficiency.
It has an internal collections department to manage overdue accounts. But eventually, Verizon sells outstanding debt to third-party collection companies. This distinction is important because it'll help you determine the best way to remove the account from your credit history.
Many customers sign up for plans with more data, talk time or features than they actually need. This can create a higher phone bill. Reviewing your phone plan and usage patterns can help you ensure that you get the best possible phone deal.
Weaknesses. High Levels of Debt: Despite its strong market position, Verizon Communications Inc (NYSE:VZ) carries a significant amount of debt on its balance sheet. The company's high level of indebtedness could limit its financial flexibility and ability to respond to market changes or invest in new opportunities.
Verizon may be our top-ranked wireless provider, but T-Mobile is close behind, thanks to some terrific plans and extensive 5G coverage. T-Mobile plans cost a little bit less than Verizon's, which make the Uncarrier an attractive alternative.
Verizon swung to a loss of $2.57 billion or 64 cents a diluted share in the fourth quarter of 2023. The company's earnings were dragged down by a $7.8 billion loss on account of special items. Revenue of $35.1 billion was better than expected, but lower compared to $35.25 billion for the same period last year.
The customer exodus in Verizon's consumer division took off at the beginning of 2022, when it lost 292,000 such customers. But some analysts see an end in sight. Verizon has been steadily losing customers in its consumer business since the beginning of last year.
Why would I switch to Verizon?
Why choose Verizon? Verizon is the nation's most reliable and most awarded network, providing wireless service to more cities than any other carrier. Having Verizon as your wireless carrier comes with more than just extra fast service, though.
Switching carriers can be a great way to reduce the cost of your wireless bill and, with a move to Verizon, improve the quality of your service with 5G speeds, designed for streaming, gaming and more.
United States. The United States boasts both the world's biggest national debt in terms of dollar amount and its largest economy, which resolves to a debt-to GDP ratio of approximately 128.13%.
- Japan. $1,098.2. 14.52%
- China. $769.6. 10.17%
- United Kingdom. $693. 9.16%
- Luxembourg. $345.4. 4.57%
- Cayman Islands. $323.8. 4.28%
Total debt on the balance sheet as of December 2023 : $9.57 B. According to Tesla's latest financial reports the company's total debt is $9.57 B. A company's total debt is the sum of all current and non-current debts.
