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Microsoft Excel LibreOffice Calc

Verizon Communications Inc. (VZ)


Analysis of Debt

Advanced level


Total Debt (Carrying Amount)

Verizon Communications Inc., balance sheet: debt

US$ in millions

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Debt maturing within one year hidden hidden hidden hidden hidden
Long-term debt, excluding maturing within one year hidden hidden hidden hidden hidden
Total short- and long-term debt, including capital leases (carrying amount) hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).

Debt item Description The company
Total short- and long-term debt, including capital leases (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Verizon Communications Inc.’s total debt increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Dec 31, 2018
Selected Financial Data (US$ in millions)
Short- and long-term debt, excluding capital leases hidden
Capital lease obligations hidden
Total short- and long-term debt, including capital leases (fair value) hidden
Financial Ratio
Debt, fair value to carrying amount ratio hidden

Based on: 10-K (filing date: 2019-02-15).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: hidden

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
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hidden hidden hidden
hidden hidden hidden
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Total hidden hidden
hidden

Based on: 10-K (filing date: 2019-02-15).

1 US$ in millions

2 Weighted-average interest rate = 100 × hidden ÷ hidden = hidden


Interest Costs Incurred

Verizon Communications Inc., interest costs incurred

US$ in millions

Microsoft Excel LibreOffice Calc
12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Interest expense hidden hidden hidden hidden hidden
Capitalized interest costs hidden hidden hidden hidden hidden
Interest costs on debt balances hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).

Debt item Description The company
Interest expense Amount of the cost of borrowed funds accounted for as interest expense for debt. Verizon Communications Inc.’s interest expense increased from 2016 to 2017 and from 2017 to 2018.
Capitalized interest costs Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. Verizon Communications Inc.’s capitalized interest costs decreased from 2016 to 2017 but then increased from 2017 to 2018 exceeding 2016 level.
Interest costs on debt balances Total interest costs incurred during the period and either capitalized or charged against earnings. Verizon Communications Inc.’s interest costs on debt balances increased from 2016 to 2017 and from 2017 to 2018.

Adjusted Interest Coverage Ratio

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Selected Financial Data (US$ in millions)
Net income attributable to Verizon hidden hidden hidden hidden hidden
Add: Net income attributable to noncontrolling interest hidden hidden hidden hidden hidden
Add: Income tax expense hidden hidden hidden hidden hidden
Add: Interest expense hidden hidden hidden hidden hidden
Earnings before interest and tax (EBIT) hidden hidden hidden hidden hidden
 
Interest costs on debt balances hidden hidden hidden hidden hidden
Financial Ratio With and Without Capitalized Interest
Interest coverage ratio (without capitalized interest)1 hidden hidden hidden hidden hidden
Adjusted interest coverage ratio (with capitalized interest)2 hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-23), 10-K (filing date: 2015-02-23).

2018 Calculations

1 Interest coverage ratio (without capitalized interest) = EBIT ÷ Interest expense
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2 Adjusted interest coverage ratio (with capitalized interest) = EBIT ÷ Interest costs on debt balances
= hidden ÷ hidden = hidden


Solvency ratio Description The company
Adjusted interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments (including capitalized interest). Verizon Communications Inc.’s adjusted interest coverage ratio deteriorated from 2016 to 2017 and from 2017 to 2018.