Comcast Essay

450 Words2 Pages

Comcast Corporation The company I chose is Comcast Corporation formerly known as Comcast Holding. Comcast is located in Philadelphia, Pennsylvania on December 7, 2001. It is a global media and technology company and is the largest multichannel company in the world. Comcast has many subsidiaries including NBC Universal Media and Comcast Cable. It is ranked number thirty-one on Forbes Fortune 500 and has a net worth of 193.4 billion dollars. The sources of revenue are generated from cable subscriptions and advertising. The Net Income provided for the year is 8.7 Billion Dollars. Comcast has total assets are worth 180.5 billion dollars and total equity listed at 53.94 billion dollars. Comcast has Class A and Class B Common Stockholders within …show more content…

Comcast has many subsidiaries associated with the company. The company acquired Universal Studios and has merged with Time Warner a multi-billion dollar deal. I became interested in Comcast because of my favorite pass time, which is sitting at home watching television and enjoying a good movie. I conducted a research on Comcast and asked myself If I had 10,000 dollars would I invest it into this corporation? Upon making a decision to invest in the company I conducted a research on the ratio on the profitability, the solvency and the liquidity. The current ratio is .74 and the Quick Ratio is .52 these scores were low this shows the company may have difficulty meeting its current obligations. The Ratio of Liabilities to Owners Equity is 2.32 and the Times Interest total is 5.9 this indicates that the company is able to pay its debts. The profitability measures the company’s ability to earn revenue. The Return on Stockholder’s Equity is 16% and the Return on assets is 4.82% this is desirable and indicates that the company is able to generate a profit. The plan for expansion is also great opportunity for more growth. Over the past five years trend has been favorable. Due to the favorable trends for the past five years high and desirable ratios, I would invest into