Verizon Communications Inc

NYSE VZ

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Verizon Communications Inc Interest Coverage Ratio 5 year CAGR for the year ending December 31, 2023: -8.16%

Verizon Communications Inc Interest Coverage Ratio 5 year CAGR is -8.16% for the year ending December 31, 2023, a -2,925.15% change year over year. The interest coverage ratio is a measure of a company's ability to meet its interest payment obligations on its outstanding debt. It is calculated by dividing the company's earnings before interest and taxes (EBIT) by its interest expense. This ratio indicates the extent to which a company's earnings can cover its interest expenses. A higher interest coverage ratio suggests that the company has a greater capacity to make interest payments, indicating lower financial risk. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • Verizon Communications Inc Interest Coverage Ratio for the year ending December 31, 2022 was 5.43, a -40.81% change year over year.
  • Verizon Communications Inc Interest Coverage Ratio for the year ending December 31, 2021 was 9.17, a 35.27% change year over year.
  • Verizon Communications Inc Interest Coverage Ratio for the year ending December 31, 2020 was 6.78, a 5.58% change year over year.
  • Verizon Communications Inc Interest Coverage Ratio for the year ending December 31, 2019 was 6.42, a 6.86% change year over year.
NYSE: VZ

Verizon Communications Inc

CEO Mr. Hans E. Vestberg
IPO Date July 23, 2000
Location United States
Headquarters 1095 Avenue of the Americas, New York, NY, United States, 10036
Employees 104,400
Sector Communication Services
Industry Telecom services
Description

Verizon Communications Inc., through its subsidiaries, engages in the provision of communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks, as well as related equipment and devices, such as smartphones, tablets, smart watches, and other wireless-enabled connected devices. The segment also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and conferencing, corporate networking, security and managed network, local and long-distance voice, and network access services to deliver various IoT services and products to businesses, government customers, and wireless and wireline carriers in the United States and internationally. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

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StockViz Staff

September 20, 2024

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