AT&T — Debt Discipline

DEBT DISCIPLINE

TICKER: [US.T - AT&T]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


[~] Leverage (D/E): 1.06 (< 0.5 = conservative, > 1.5 = aggressive)
[~] Interest Coverage: 3.7x (> 5x = safe, < 2x = risky)
[-] Net Cash Company: No (Net debt < 0 = Buffett favorite)


Metric                     Value
--------------------------------
Avg D/E                     1.06
D/E Trend (Slope)       5.71%/yr
Last Interest Coverage      3.7x
Last Net D/E                1.24


Period       Total Debt   Equity   D/E  D/EBITDA  Coverage  Net D/E
-------------------------------------------------------------------
2010 ANNUAL      66.17B  111.65B  0.59      1.7x      6.6x     0.58
2011 ANNUAL      64.75B  105.53B  0.61      2.1x      3.4x     0.58
2012 ANNUAL      69.84B   92.36B  0.76      2.2x      3.8x     0.70
2013 ANNUAL      74.79B   90.99B  0.82      1.5x      7.8x     0.79
2014 ANNUAL      81.83B   89.72B  0.91      2.5x      4.0x     0.82
2015 ANNUAL     126.15B  122.67B  1.03      2.7x      6.0x     0.99
2016 ANNUAL     123.51B  123.14B  1.00      2.5x      4.9x     0.96
2017 ANNUAL     164.35B  140.86B  1.17      3.5x      3.6x     0.81
2018 ANNUAL     176.50B  184.09B  0.96      3.2x      3.3x     0.93
2019 ANNUAL     184.95B  184.22B  1.00      3.2x      3.5x     0.94
2020 ANNUAL     179.45B  161.67B  1.11      3.9x      3.1x     1.05
2021 ANNUAL     195.83B  166.33B  1.18      4.5x      3.9x     1.06
2022 ANNUAL     154.68B   97.50B  1.59      3.8x      3.8x     1.55
2023 ANNUAL     154.90B  103.30B  1.50      3.6x      3.7x     1.43
2024 ANNUAL     140.92B  104.37B  1.35      3.2x      3.6x     1.32
2025 ANNUAL     155.04B  110.53B  1.40      3.4x      3.7x     1.24