Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
AT&T Inc., solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | AT&T Inc. debt to equity ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | AT&T Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | AT&T Inc. debt to capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | AT&T Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | AT&T Inc. debt to assets ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | AT&T Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | AT&T Inc. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | AT&T Inc. interest coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | AT&T Inc. fixed charge coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Debt to Equity
AT&T Inc., debt to equity calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt maturing within one year | 9,477) | 7,467) | 24,630) | 3,470) | 11,838) | |
| Long-term debt, excluding maturing within one year | 127,854) | 128,423) | 152,724) | 153,775) | 151,309) | |
| Total debt | 137,331) | 135,890) | 177,354) | 157,245) | 163,147) | |
| Stockholders’ equity attributable to AT&T | 103,297) | 97,500) | 166,332) | 161,673) | 184,221) | |
| Solvency Ratio | ||||||
| Debt to equity1 | 1.33 | 1.39 | 1.07 | 0.97 | 0.89 | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| T-Mobile US Inc. | 1.20 | 1.07 | 1.11 | 1.13 | 0.95 | |
| Verizon Communications Inc. | 1.63 | 1.65 | 1.84 | 1.90 | 1.82 | |
| Debt to Equity, Sector | ||||||
| Telecommunication Services | 1.40 | 1.40 | 1.28 | 1.22 | 1.10 | |
| Debt to Equity, Industry | ||||||
| Communication Services | 0.62 | 0.65 | 0.65 | 0.67 | 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).
1 2023 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity attributable to AT&T
= 137,331 ÷ 103,297 = 1.33
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | AT&T Inc. debt to equity ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Equity (including Operating Lease Liability)
AT&T Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt maturing within one year | 9,477) | 7,467) | 24,630) | 3,470) | 11,838) | |
| Long-term debt, excluding maturing within one year | 127,854) | 128,423) | 152,724) | 153,775) | 151,309) | |
| Total debt | 137,331) | 135,890) | 177,354) | 157,245) | 163,147) | |
| Current operating lease liabilities (included in Accounts payable and accrued liabilities) | 3,524) | 3,547) | 3,706) | 3,537) | 3,451) | |
| Noncurrent operating lease liabilities | 17,568) | 18,659) | 21,261) | 22,202) | 21,804) | |
| Total debt (including operating lease liability) | 158,423) | 158,096) | 202,321) | 182,984) | 188,402) | |
| Stockholders’ equity attributable to AT&T | 103,297) | 97,500) | 166,332) | 161,673) | 184,221) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | 1.53 | 1.62 | 1.22 | 1.13 | 1.02 | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| T-Mobile US Inc. | 1.69 | 1.55 | 1.53 | 1.59 | 1.39 | |
| Verizon Communications Inc. | 1.89 | 1.93 | 2.18 | 2.22 | 2.17 | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Telecommunication Services | 1.70 | 1.71 | 1.53 | 1.48 | 1.32 | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.76 | 0.80 | 0.79 | 0.80 | 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).
1 2023 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Stockholders’ equity attributable to AT&T
= 158,423 ÷ 103,297 = 1.53
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | AT&T Inc. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Capital
AT&T Inc., debt to capital calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt maturing within one year | 9,477) | 7,467) | 24,630) | 3,470) | 11,838) | |
| Long-term debt, excluding maturing within one year | 127,854) | 128,423) | 152,724) | 153,775) | 151,309) | |
| Total debt | 137,331) | 135,890) | 177,354) | 157,245) | 163,147) | |
| Stockholders’ equity attributable to AT&T | 103,297) | 97,500) | 166,332) | 161,673) | 184,221) | |
| Total capital | 240,628) | 233,390) | 343,686) | 318,918) | 347,368) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 0.57 | 0.58 | 0.52 | 0.49 | 0.47 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| T-Mobile US Inc. | 0.54 | 0.52 | 0.53 | 0.53 | 0.49 | |
| Verizon Communications Inc. | 0.62 | 0.62 | 0.65 | 0.66 | 0.64 | |
| Debt to Capital, Sector | ||||||
| Telecommunication Services | 0.58 | 0.58 | 0.56 | 0.55 | 0.52 | |
| Debt to Capital, Industry | ||||||
| Communication Services | 0.38 | 0.39 | 0.40 | 0.40 | 0.38 | |
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).
1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 137,331 ÷ 240,628 = 0.57
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | AT&T Inc. debt to capital ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Capital (including Operating Lease Liability)
AT&T Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt maturing within one year | 9,477) | 7,467) | 24,630) | 3,470) | 11,838) | |
| Long-term debt, excluding maturing within one year | 127,854) | 128,423) | 152,724) | 153,775) | 151,309) | |
| Total debt | 137,331) | 135,890) | 177,354) | 157,245) | 163,147) | |
| Current operating lease liabilities (included in Accounts payable and accrued liabilities) | 3,524) | 3,547) | 3,706) | 3,537) | 3,451) | |
| Noncurrent operating lease liabilities | 17,568) | 18,659) | 21,261) | 22,202) | 21,804) | |
| Total debt (including operating lease liability) | 158,423) | 158,096) | 202,321) | 182,984) | 188,402) | |
| Stockholders’ equity attributable to AT&T | 103,297) | 97,500) | 166,332) | 161,673) | 184,221) | |
| Total capital (including operating lease liability) | 261,720) | 255,596) | 368,653) | 344,657) | 372,623) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 0.61 | 0.62 | 0.55 | 0.53 | 0.51 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| T-Mobile US Inc. | 0.63 | 0.61 | 0.61 | 0.61 | 0.58 | |
| Verizon Communications Inc. | 0.65 | 0.66 | 0.69 | 0.69 | 0.68 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Telecommunication Services | 0.63 | 0.63 | 0.61 | 0.60 | 0.57 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.43 | 0.44 | 0.44 | 0.44 | 0.43 | |
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).
1 2023 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 158,423 ÷ 261,720 = 0.61
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | AT&T Inc. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Debt to Assets
AT&T Inc., debt to assets calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt maturing within one year | 9,477) | 7,467) | 24,630) | 3,470) | 11,838) | |
| Long-term debt, excluding maturing within one year | 127,854) | 128,423) | 152,724) | 153,775) | 151,309) | |
| Total debt | 137,331) | 135,890) | 177,354) | 157,245) | 163,147) | |
| Total assets | 407,060) | 402,853) | 551,622) | 525,761) | 551,669) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.34 | 0.34 | 0.32 | 0.30 | 0.30 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| T-Mobile US Inc. | 0.37 | 0.35 | 0.37 | 0.37 | 0.31 | |
| Verizon Communications Inc. | 0.40 | 0.40 | 0.41 | 0.41 | 0.38 | |
| Debt to Assets, Sector | ||||||
| Telecommunication Services | 0.37 | 0.36 | 0.36 | 0.35 | 0.32 | |
| Debt to Assets, Industry | ||||||
| Communication Services | 0.26 | 0.27 | 0.27 | 0.27 | 0.26 | |
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).
1 2023 Calculation
Debt to assets = Total debt ÷ Total assets
= 137,331 ÷ 407,060 = 0.34
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | AT&T Inc. debt to assets ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Debt to Assets (including Operating Lease Liability)
AT&T Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Debt maturing within one year | 9,477) | 7,467) | 24,630) | 3,470) | 11,838) | |
| Long-term debt, excluding maturing within one year | 127,854) | 128,423) | 152,724) | 153,775) | 151,309) | |
| Total debt | 137,331) | 135,890) | 177,354) | 157,245) | 163,147) | |
| Current operating lease liabilities (included in Accounts payable and accrued liabilities) | 3,524) | 3,547) | 3,706) | 3,537) | 3,451) | |
| Noncurrent operating lease liabilities | 17,568) | 18,659) | 21,261) | 22,202) | 21,804) | |
| Total debt (including operating lease liability) | 158,423) | 158,096) | 202,321) | 182,984) | 188,402) | |
| Total assets | 407,060) | 402,853) | 551,622) | 525,761) | 551,669) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.39 | 0.39 | 0.37 | 0.35 | 0.34 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| T-Mobile US Inc. | 0.53 | 0.51 | 0.51 | 0.52 | 0.46 | |
| Verizon Communications Inc. | 0.46 | 0.46 | 0.49 | 0.48 | 0.46 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Telecommunication Services | 0.44 | 0.45 | 0.43 | 0.42 | 0.39 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Communication Services | 0.32 | 0.33 | 0.33 | 0.33 | 0.31 | |
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).
1 2023 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 158,423 ÷ 407,060 = 0.39
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | AT&T Inc. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Financial Leverage
AT&T Inc., financial leverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 407,060) | 402,853) | 551,622) | 525,761) | 551,669) | |
| Stockholders’ equity attributable to AT&T | 103,297) | 97,500) | 166,332) | 161,673) | 184,221) | |
| Solvency Ratio | ||||||
| Financial leverage1 | 3.94 | 4.13 | 3.32 | 3.25 | 2.99 | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| T-Mobile US Inc. | 3.21 | 3.03 | 2.99 | 3.06 | 3.02 | |
| Verizon Communications Inc. | 4.11 | 4.17 | 4.48 | 4.66 | 4.75 | |
| Financial Leverage, Sector | ||||||
| Telecommunication Services | 3.82 | 3.85 | 3.55 | 3.54 | 3.39 | |
| Financial Leverage, Industry | ||||||
| Communication Services | 2.39 | 2.45 | 2.43 | 2.45 | 2.42 | |
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).
1 2023 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity attributable to AT&T
= 407,060 ÷ 103,297 = 3.94
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | AT&T Inc. financial leverage ratio increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
Interest Coverage
AT&T Inc., interest coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to AT&T | 14,400) | (8,524) | 20,081) | (5,176) | 13,903) | |
| Add: Net income attributable to noncontrolling interest | 1,223) | 1,469) | 1,398) | 1,355) | 1,072) | |
| Less: Loss from discontinued operations, net of tax | —) | (181) | —) | —) | —) | |
| Add: Income tax expense | 4,225) | 3,780) | 5,468) | 965) | 3,493) | |
| Add: Interest expense | 6,704) | 6,108) | 6,884) | 7,925) | 8,422) | |
| Earnings before interest and tax (EBIT) | 26,552) | 3,014) | 33,831) | 5,069) | 26,890) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 3.96 | 0.49 | 4.91 | 0.64 | 3.19 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| T-Mobile US Inc. | 4.30 | 1.94 | 2.00 | 2.31 | 5.14 | |
| Verizon Communications Inc. | 4.08 | 8.82 | 9.44 | 6.64 | 5.81 | |
| Interest Coverage, Sector | ||||||
| Telecommunication Services | 4.07 | 3.16 | 5.36 | 2.66 | 4.21 | |
| Interest Coverage, Industry | ||||||
| Communication Services | 10.21 | 8.50 | 11.90 | 6.51 | 7.88 | |
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).
1 2023 Calculation
Interest coverage = EBIT ÷ Interest expense
= 26,552 ÷ 6,704 = 3.96
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | AT&T Inc. interest coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |
Fixed Charge Coverage
AT&T Inc., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Statutory federal income tax rate | 21.00% | 21.00% | 21.00% | 21.00% | 21.00% | |
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to AT&T | 14,400) | (8,524) | 20,081) | (5,176) | 13,903) | |
| Add: Net income attributable to noncontrolling interest | 1,223) | 1,469) | 1,398) | 1,355) | 1,072) | |
| Less: Loss from discontinued operations, net of tax | —) | (181) | —) | —) | —) | |
| Add: Income tax expense | 4,225) | 3,780) | 5,468) | 965) | 3,493) | |
| Add: Interest expense | 6,704) | 6,108) | 6,884) | 7,925) | 8,422) | |
| Earnings before interest and tax (EBIT) | 26,552) | 3,014) | 33,831) | 5,069) | 26,890) | |
| Add: Operating lease cost | 5,577) | 5,437) | 5,793) | 5,896) | 5,684) | |
| Earnings before fixed charges and tax | 32,129) | 8,451) | 39,624) | 10,965) | 32,574) | |
| Interest expense | 6,704) | 6,108) | 6,884) | 7,925) | 8,422) | |
| Operating lease cost | 5,577) | 5,437) | 5,793) | 5,896) | 5,684) | |
| Preferred stock dividends | 208) | 203) | 207) | 193) | 3) | |
| Preferred stock dividends, tax adjustment1 | 55) | 54) | 55) | 51) | 1) | |
| Preferred stock dividends, after tax adjustment | 263) | 257) | 262) | 244) | 4) | |
| Fixed charges | 12,544) | 11,802) | 12,939) | 14,065) | 14,110) | |
| Solvency Ratio | ||||||
| Fixed charge coverage2 | 2.56 | 0.72 | 3.06 | 0.78 | 2.31 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors3 | ||||||
| T-Mobile US Inc. | 2.32 | 1.32 | 1.36 | 1.49 | 2.25 | |
| Verizon Communications Inc. | 2.55 | 4.16 | 4.37 | 3.59 | 3.40 | |
| Fixed Charge Coverage, Sector | ||||||
| Telecommunication Services | 2.49 | 1.92 | 2.92 | 1.80 | 2.68 | |
| Fixed Charge Coverage, Industry | ||||||
| Communication Services | 5.36 | 4.25 | 5.95 | 3.73 | 4.58 | |
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).
1 2023 Calculation
Preferred stock dividends, tax adjustment = (Preferred stock dividends × Statutory federal income tax rate) ÷ (1 − Statutory federal income tax rate)
= (208 × 21.00%) ÷ (1 − 21.00%) = 55
2 2023 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 32,129 ÷ 12,544 = 2.56
3 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | AT&T Inc. fixed charge coverage ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level. |