VZ · 8-K · 20261026PR000049
Debt and Liquidity Position
VERIZON COMMUNICATIONS INC · 2026-10-26 · Importance 36 · Surprise 14 · From source text
Total debt at September 30, 2026 was $166.233 billion, up from $158.150 billion at December 31, 2025; unsecured debt was $136.095 billion. Net unsecured debt was $123.721 billion, down from $128.682 billion at June 30, 2026 but up from $110.053 billion at year-end 2025. The net unsecured debt-to-Adjusted EBITDA ratio was 2.3x, compared with 2.2x at year-end 2025, while unsecured debt-to-LTM net income was 8.1x versus 7.4x. Cash and cash equivalents were $4.495 billion at September 30, down from $19.048 billion at December 31, 2025.
Key facts
- Verizon's net unsecured debt was $123.7 billion at the end of third-quarter 2026, compared with $128.7 billion at the end of second-quarter 2026. source
- Verizon's unsecured debt to consolidated net income (LTM) ratio was 8.1 times at the end of third-quarter 2026, and its net unsecured debt to consolidated Adjusted EBITDA ratio was 2.3 times. source
- Verizon's unsecured debt was $136.1 billion at the end of third-quarter 2026, compared with $136.5 billion at the end of second-quarter 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +1.2% | Verizon's net unsecured debt was $123.7 billion at the end of third-quarter 2026, compared with $128.7 billion at the end of… |