The American Telephone and Telegraph Company (AT&T) has announced its plans to buy Time Warner, the owner of HBO and CNN. AT&T is a part of American history. It is a giant, a pioneer, and has followed the innovations of strategy of the global leader in telecoms and media, British Telecommunications PLC.
Interesting to understand some very basic financials of AT&T.
Number of shares of AT&T: 6,150,000,000 (that is 6.15 Billion shares)
Share Price: $37.49
Market Capitalisation (Value) = 6,150,000,000 x $37.49 = $230,563,500,000
That is $230 Billion.
Now what is the debt of AT&T ?
http://www.att.com/Common/about_us/files/pdf/investor_relations/debt_list_2q16.pdf
That is $126,835,952,257
Yes, $126.8 Billion.