Comcast Corp COMCAST Bond
| CMCSA Stock | USD 40.21 0.15 0.37% |
Comcast Corp holds a debt-to-equity ratio of 1.2. At present, Comcast Corp's Short and Long Term Debt Total is projected to increase significantly based on the last few years of reporting. The current year's Net Debt is expected to grow to about 95.4 B, whereas Short Term Debt is forecasted to decline to about 2 B. Comcast Corp's financial risk is the risk to Comcast Corp stockholders that is caused by an increase in debt. In other words, with a high degree of financial leverage come high-interest payments, which usually reduce Earnings Per Share (EPS).
Asset vs Debt
Equity vs Debt
Comcast Corp's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Comcast Corp's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Comcast Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Comcast Corp's stakeholders.
For most companies, including Comcast Corp, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for the executing running Comcast Corp the most critical issue when dealing with liquidity needs is whether the current assets are properly aligned with its current liabilities. If not, management will need to obtain alternative financing to ensure that there are always enough cash equivalents on the balance sheet in reserve to pay for obligations.
Price Book 1.8908 | Book Value 20.786 | Operating Margin 0.1435 | Profit Margin 0.1266 | Return On Assets 0.0558 |
Comcast |
Given the importance of Comcast Corp's capital structure, the first step in the capital decision process is for the management of Comcast Corp to decide how much external capital it will need to raise to operate in a sustainable way. Once the amount of financing is determined, management needs to examine the financial markets to determine the terms in which the company can boost capital. This move is crucial to the process because the market environment may reduce the ability of Comcast Corp to issue bonds at a reasonable cost.
| Popular Name | Comcast Corp COMCAST P NEW |
| Specialization | Media & Entertainment |
| Equity ISIN Code | US20030N1019 |
| Bond Issue ISIN Code | US20030NAY76 |
| S&P Rating | Others |
| Maturity Date | 1st of July 2039 |
| Issuance Date | 18th of June 2009 |
| Coupon | 6.55 % |
Comcast Corp Outstanding Bond Obligations
Understaning Comcast Corp Use of Financial Leverage
Comcast Corp financial leverage ratio helps in determining the effect of debt on the overall profitability of the company. It measures Comcast Corp's total debt position, including all of outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Comcast Corp assets, the company is considered highly leveraged. Understanding the composition and structure of overall Comcast Corp debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business and if it is worth investing in it. Financial leverage can amplify the potential profits to Comcast Corp's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Comcast Corp's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets).
| Last Reported | Projected for Next Year | ||
| Short and Long Term Debt Total | 97.1 B | 101.9 B | |
| Net Debt | 90.9 B | 95.4 B | |
| Short Term Debt | 2.1 B | 2 B | |
| Long Term Debt | 95 B | 53.9 B | |
| Long Term Debt Total | 107 B | 76.7 B | |
| Short and Long Term Debt | 2.1 B | 2.9 B | |
| Net Debt To EBITDA | 2.33 | 4.04 | |
| Debt To Equity | 1.17 | 1.17 | |
| Interest Debt Per Share | 24.55 | 25.77 | |
| Debt To Assets | 0.37 | 0.47 | |
| Long Term Debt To Capitalization | 0.53 | 0.68 | |
| Total Debt To Capitalization | 0.54 | 0.69 | |
| Debt Equity Ratio | 1.17 | 1.17 | |
| Debt Ratio | 0.37 | 0.47 | |
| Cash Flow To Debt Ratio | 0.29 | 0.17 |
Comcast Corp Investors Sentiment
The influence of Comcast Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Comcast. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Comcast Corp's public news can be used to forecast risks associated with an investment in Comcast. The trend in average sentiment can be used to explain how an investor holding Comcast can time the market purely based on public headlines and social activities around Comcast Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Comcast Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Comcast Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Comcast Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Comcast Corp.
Comcast Corp Implied Volatility | 86.99 |
Comcast Corp's implied volatility exposes the market's sentiment of Comcast Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Comcast Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Comcast Corp stock will not fluctuate a lot when Comcast Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Comcast Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Comcast Corp's short interest history, or implied volatility extrapolated from Comcast Corp options trading.
Pair Trading with Comcast Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Comcast Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Comcast Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Comcast Stock
| 0.66 | DLPN | Dolphin Entertainment | PairCorr |
Moving against Comcast Stock
| 0.65 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.55 | SE | Sea Financial Report 21st of May 2024 | PairCorr |
| 0.55 | IQ | iQIYI Inc Buyout Trend | PairCorr |
| 0.43 | CURIW | CuriosityStream | PairCorr |
The ability to find closely correlated positions to Comcast Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Comcast Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Comcast Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Comcast Corp to buy it.
The correlation of Comcast Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comcast Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comcast Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Comcast Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Comcast Corp Fundamentals Over Time. For information on how to trade Comcast Stock refer to our How to Trade Comcast Stock guide.You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Comcast Stock analysis
When running Comcast Corp's price analysis, check to measure Comcast Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Comcast Corp is operating at the current time. Most of Comcast Corp's value examination focuses on studying past and present price action to predict the probability of Comcast Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Comcast Corp's price. Additionally, you may evaluate how the addition of Comcast Corp to your portfolios can decrease your overall portfolio volatility.
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |
Is Comcast Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Comcast Corp. If investors know Comcast will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Comcast Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.144 | Dividend Share 1.16 | Earnings Share 3.71 | Revenue Per Share 29.493 | Quarterly Revenue Growth 0.023 |
The market value of Comcast Corp is measured differently than its book value, which is the value of Comcast that is recorded on the company's balance sheet. Investors also form their own opinion of Comcast Corp's value that differs from its market value or its book value, called intrinsic value, which is Comcast Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Comcast Corp's market value can be influenced by many factors that don't directly affect Comcast Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Comcast Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Comcast Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Comcast Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
What is Financial Leverage?
Financial leverage is the use of borrowed money (debt) to finance the purchase of assets with the expectation that the income or capital gain from the new asset will exceed the cost of borrowing. In most cases, the debt provider will limit how much risk it is ready to take and indicate a limit on the extent of the leverage it will allow. In the case of asset-backed lending, the financial provider uses the assets as collateral until the borrower repays the loan. In the case of a cash flow loan, the general creditworthiness of the company is used to back the loan. The concept of leverage is common in the business world. It is mostly used to boost the returns on equity capital of a company, especially when the business is unable to increase its operating efficiency and returns on total investment. Because earnings on borrowing are higher than the interest payable on debt, the company's total earnings will increase, ultimately boosting stockholders' profits.Leverage and Capital Costs
The debt to equity ratio plays a role in the working average cost of capital (WACC). The overall interest on debt represents the break-even point that must be obtained to profitability in a given venture. Thus, WACC is essentially the average interest an organization owes on the capital it has borrowed for leverage. Let's say equity represents 60% of borrowed capital, and debt is 40%. This results in a financial leverage calculation of 40/60, or 0.6667. The organization owes 10% on all equity and 5% on all debt. That means that the weighted average cost of capital is (.4)(5) + (.6)(10) - or 8%. For every $10,000 borrowed, this organization will owe $800 in interest. Profit must be higher than 8% on the project to offset the cost of interest and justify this leverage.Benefits of Financial Leverage
Leverage provides the following benefits for companies:- Leverage is an essential tool a company's management can use to make the best financing and investment decisions.
- It provides a variety of financing sources by which the firm can achieve its target earnings.
- Leverage is also an essential technique in investing as it helps companies set a threshold for the expansion of business operations. For example, it can be used to recommend restrictions on business expansion once the projected return on additional investment is lower than the cost of debt.