Verizon (VZ) - Total debt
Total debt on the balance sheet as of June 2024: $172.98 B
According to Verizon's latest financial reports the company's total debt is $172.98 B.
A company’s total debt is the sum of all current and non-current debts.
Add another $2 billion for VSP costs and another $20 billion for the purchase of Frontier, Communication, so that gives us a grand total of $194.98 billion dollars
"Verizon Communications' odds of distress is under 31% at this time. It has slight probability of undergoing some form of financial hardship in the near future. Probability of bankruptcy shows the probability of financial torment over the next two years of operations under current economic and market conditions".
thus is the actual reason behind all the cuts. their refinance costs for debt is massive and at higher rates than their competitors.
Don't forget all the monies for rifs before and after the VSP
Spending like Biden... what could go wrong?
I could be wrong, but didn’t the tax payers bail out Frontier from chapter 11 a few years back?