Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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Verizon Communications Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Verizon Communications Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
The capital structure exhibits a gradual shift from a heavy reliance on long-term debt toward an increased proportion of equity financing over the observed period. Total liabilities decreased from 78.97% of total liabilities and equity in March 2021 to 74.35% by June 2026, while total equity rose from 21.03% to 25.65% during the same interval, peaking at 27.39% in September 2025.
- Debt Profile and Maturity Trends
- A significant reallocation of debt is observed. Long-term debt, excluding the portion maturing within one year, showed a consistent downward trend, declining from 43.32% in March 2021 to 34.97% in June 2026. Conversely, debt maturing within one year increased from 2.55% to 5.31%, reaching a peak of 6.76% in March 2026. This suggests a transition in the debt maturity profile, with a larger percentage of obligations becoming due in the short term.
- Current Liabilities and Liquidity
- Current liabilities as a percentage of the total balance sheet expanded from 11.21% in March 2021 to 15.17% in June 2026. This increase is primarily driven by the growth in short-term debt obligations and a general rise in other current liabilities, which moved from 2.65% to 3.70%. Accounts payable and accrued liabilities remained relatively stable, fluctuating between 4.9% and 6.8%.
- Long-Term Obligation Trends
- Beyond long-term debt, other non-current liabilities displayed diverging patterns. Deferred income taxes increased steadily from 10.63% to 12.25%, becoming a more prominent component of the balance sheet. Non-current operating lease liabilities experienced a gradual decline, falling from 5.14% in March 2021 to 4.48% in June 2026. Employee benefit obligations also trended downward, moving from 5.28% to 2.87%.
- Equity Composition and Growth
- The growth in total equity is predominantly attributed to the accumulation of retained earnings, which rose from 18.26% in March 2021 to 23.83% in June 2026. Additional paid-in capital remained relatively flat with a slight downward bias, moving from 3.88% to 3.23%. The impact of treasury stock remained modest, fluctuating between -0.81% and -1.92%, indicating a consistent but limited program of share repurchases relative to the total balance sheet size.
In summary, the financial position is characterized by a deleveraging of long-term debt and a strengthening of the equity base via retained earnings. However, the increasing concentration of debt maturing within one year indicates a heightened requirement for short-term liquidity management.