AT&T Inc. 5.625% Global Notes d
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
N/AN/AN/AN/AN/A14.50-38.909.63-20.6412.6020.0820.08
Price/Sales ratio
N/AN/AN/AN/AN/A1.111.171.441.451.461.471.47
Price/Book Value ratio
N/AN/AN/AN/AN/A1.091.241.161.801.731.751.75
Price/Cash Flow ratio
N/A3.913.904.04N/A4.144.664.605.494.674.704.70
Price/Free Cash Flow ratio
N/A8.849.089.34N/A6.947.337.3214.198.748.888.88
Price/Earnings Growth ratio
N/AN/AN/AN/AN/AN/A0.28-0.010.14-0.04-2.11N/A
Dividend Yield
N/A7.26%7.66%7.82%N/A7.38%7.42%7.79%5.60%4.54%5.63%7.38%
Profitability Indicator Ratios
Gross Profit Margin
N/AN/AN/AN/AN/A38.01%36.86%41.61%42.96%43.72%47.70%47.70%
Operating Profit Margin
N/AN/AN/AN/AN/A16.75%14.97%19.44%19.36%21.37%20.73%20.73%
Pretax Profit Margin
N/AN/AN/AN/AN/A10.18%-1.66%21.76%-2.56%16.21%11.73%10.18%
Net Profit Margin
N/AN/AN/AN/AN/A7.67%-3.01%14.98%-7.05%11.59%7.33%7.67%
Effective Tax Rate
N/AN/AN/AN/AN/A18.91%-33.78%18.49%-122.17%21.28%27.21%27.21%
Return on Assets
N/AN/AN/AN/AN/A2.52%-0.98%3.64%-2.11%3.48%2.27%2.52%
Return On Equity
N/AN/AN/AN/AN/A7.54%-3.20%12.07%-8.74%13.73%8.61%7.54%
Return on Capital Employed
N/AN/AN/AN/AN/A6.29%5.56%5.85%6.74%7.35%7.16%7.16%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A0.73N/A
Quick Ratio
N/AN/AN/AN/AN/A0.750.761.520.430.670.670.75
Cash ratio
N/AN/AN/AN/AN/A0.170.150.180.060.130.060.17
Days of Sales Outstanding
N/AN/AN/AN/AN/A48.8242.9546.3447.4145.1127.1148.82
Days of Inventory outstanding
N/AN/AN/AN/AN/A9.3012.0915.5016.5511.5314.469.30
Operating Cycle
N/AN/AN/AN/AN/A58.1255.0461.8463.9656.6541.5758.12
Days of Payables Outstanding
N/AN/AN/AN/AN/A85.0795.25121.81146.03126.00182.59182.59
Cash Conversion Cycle
N/AN/AN/AN/AN/A-26.94-40.20-59.96-82.06-69.34-141.01-26.94
Debt Ratios
Debt Ratio
N/AN/AN/AN/AN/A0.290.300.320.340.330.320.32
Debt Equity Ratio
N/AN/AN/AN/AN/A0.890.981.071.411.311.261.26
Long-term Debt to Capitalization
N/AN/AN/AN/AN/A0.440.480.470.560.540.550.55
Total Debt to Capitalization
N/AN/AN/AN/AN/A0.470.490.510.580.560.550.55
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A4.93N/A
Cash Flow to Debt Ratio
N/AN/AN/AN/AN/A0.290.270.230.230.280.290.29
Company Equity Multiplier
N/AN/AN/AN/AN/A2.993.253.314.133.943.843.84
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
N/AN/AN/AN/AN/A0.260.250.310.260.310.310.31
Free Cash Flow / Operating Cash Flow Ratio
0.310.440.430.430.510.590.630.620.380.530.520.51
Cash Flow Coverage Ratio
N/AN/AN/AN/AN/A0.290.270.230.230.280.290.29
Short Term Coverage Ratio
N/AN/AN/AN/AN/A3.186.151.432.874.1214.5014.50
Dividend Payout Ratio
N/AN/AN/AN/AN/A107.08%-288.94%75.03%-115.66%57.32%91.48%107.08%