Comcast Corp. (NASDAQ:CMCSA)

The current liabilities as a percentage of total liabilities and equity have shown moderate fluctuations from March 2020 through June 2025. The proportion generally ranged between approximately 10.3% and 15.8%, with a noticeable increase toward the end of 2023, peaking in December 2023 at 15.18%, followed by fluctuations around the mid-teens. This indicates a relative increase in short-term obligations in recent years, with some volatility.

This category increased gradually over the period from 3.8% in March 2020 to a peak around 4.88% in December 2022, followed by a slight decline stabilizing near 4.3%-4.7%. The trend suggests a gradual growth in trade-related payables and accrued expenses relative to total liabilities and equity, with a mild correction towards the latest periods.

Deferred revenue experienced some variability, starting from 1.0% in March 2020 and generally trending upward, with peaks at 1.5% in the third quarter of 2024. The fluctuations imply changes in advance customer payments or unearned revenue balances, possibly reflecting seasonality or changing sales conditions.

This line item showed a decrease from 4.58% in early 2020 to approximately 3.7%-4.3% in most recent periods, except for a sharp spike to 5.02% in December 2023. The spike may correlate with a temporary build-up in accrued expenses or other short-term obligations. Overall, the trend illustrates relative stability with occasional short-term increases.

The current portion of debt displayed volatility throughout the period, starting near 1.13% in early 2020, dropping below 1.0% in some quarters, and then increasing notably to above 2.5% by June 2025. This suggests a rising amount of debt maturing within a year, signaling a potential increase in short-term debt servicing requirements.

Noncurrent debt as a percentage showed a slow decline from a peak of about 38.3% in March 2020 down to the mid-30%s in the more recent periods, with values fluctuating mostly between 34% and 37%. This indicates a gradual reduction or refinancing of longer-term debt, though it remains a significant component of total liabilities and equity.

Deferred income taxes remained relatively stable, fluctuating within a narrow range around 10%-11%, with a slight downward movement after late 2022, reaching closer to 9.4%-10.1% by mid-2025. This stability suggests consistent tax-related liabilities or timing differences.

The category showed very modest changes, maintaining a relatively stable proportion around 6.5%-7.9%. No significant trends or volatility were observed, indicating steady long-term noncurrent obligations outside of debt and deferred taxes.

Total liabilities hovered between roughly 64% and 68% across the timeline. The proportion slightly declined from early 2020 to mid-2021, followed by a modest increase peaking above 68% around late 2023, then settling near 64% in mid-2025. This reflects some variability in the overall leverage structure but no drastic shifts.

Total equity as a percentage of total liabilities and equity ranged from about 31% early in the period to over 35% by mid-2025, showing a gradual strengthening of the equity base relative to liabilities. Similarly, shareholders' equity reflected a similar trend, with small fluctuations but overall stability and slight growth toward the end of the timeline.

Retained earnings generally trended upward from about 19.6% in early 2020 to a high of 24.1% by March 2025, indicating accumulated profits contributing positively to equity. Additional paid-in capital experienced minor variation, increasing from approximately 14.7% to a peak near 15.6% before gradually declining to 13.8%. Treasury stock percentages remained fairly consistent, oscillating between -2.9% and -2.7%, signifying stable share repurchases or retirement.

Accumulated other comprehensive income (loss) fluctuated between slight gains and losses but largely stayed negative in recent years, indicating some unrealized gains or losses impacting equity negatively.

Both redeemable noncontrolling and noncontrolling interests showed declining trends throughout the period. Redeemable noncontrolling interests shrank from about 0.48% to less than 0.1%, and noncontrolling interests also declined below 0.2%. This suggests a reduction in minority ownership stakes or buyouts of minority shareholders over time.

The advance on sale of investment appeared between late 2023 and mid-2025, consistently around 3.4% to 3.5%, indicating a new source of liabilities arising in recent periods. A collateralized obligation category appeared similarly in late 2022, near 1.99%, with minor variation observed afterward, suggesting introduction or reclassification of such liabilities.

Overall, the financial data reflect a company with stable equity proportions and manageable leverage levels. The current liabilities fraction increased somewhat in recent periods, with current debt components becoming more pronounced, indicating rising short-term obligations. Noncurrent debt remains a large but gradually decreasing part of the capital structure. Equity components show modest growth, supported by retained earnings, while minority interests diminish. Some new liabilities, such as advances on sales of investments, emerged late in the timeline, which may warrant monitoring. The liability and equity structure seems balanced with typical fluctuations over the examined periods.