Telephone and Data Systems, Inc. (TDS)

Solvency & Capital Structure

Total Debt

$1.25B

Net Debt

-$115.9M

Telephone and Data Systems, Inc. currently has $1.25B in total debt. Net debt is -$115.9M after cash offsets. This 'Net Cash' position indicates exceptional financial strength.

Financial Fundamentals

TDS • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-03-31	1.25	1.37	-0.12Net Cash	8.21	15.3%
2025-12-31	1.95	0.77	1.19	8.40	23.3%
2025-09-30	1.41	0.93	0.48	8.53	16.5%
2025-06-30	5.08	0.54	4.54	13.53	37.6%
2025-03-31	5.09	0.35	4.75	13.54	37.6%
2024-12-31	5.10	0.36	4.74	13.68	37.3%
2024-09-30	5.14	0.45	4.69	13.73	37.4%
2024-06-30	5.15	0.32	4.83	13.87	37.1%
2024-03-31	5.22	0.25	4.97	13.87	37.6%
2023-12-31	5.14	0.24	4.91	13.92	36.9%
2023-09-30	4.91	0.26	4.65	14.41	34.0%
2023-06-30	4.98	0.29	4.69	14.41	34.6%
2023-03-31	5.11	0.31	4.80	14.54	35.1%
2022-12-31	4.80	0.36	4.44	14.55	33.0%
2022-09-30	4.70	0.48	4.21	14.48	32.4%
2022-06-30	4.56	0.47	4.09	14.24	32.0%
2022-03-31	4.67	0.55	4.12	14.12	33.1%
2021-12-31	4.04	0.37	3.67	13.49	29.9%
2021-09-30	4.08	0.72	3.36	13.45	30.4%
2021-06-30	4.43	0.39	4.04	12.78	34.7%
2021-03-31	5.07	1.04	4.03	13.41	37.8%
2020-12-31	4.50	1.43	3.07	12.53	35.9%
2020-09-30	4.04	1.08	2.96	11.89	33.9%
2020-06-30	3.55	0.56	2.99	11.16	31.8%
2020-03-31	3.42	0.42	3.00	10.89	31.4%
2019-12-31	3.37	0.47	2.91	10.78	31.3%
2019-09-30	3.47	0.85	2.62	10.88	31.9%
2019-06-30	3.47	0.85	2.62	10.79	32.1%
2019-03-31	3.47	0.98	2.50	10.79	32.2%
2018-12-31	2.44	0.94	1.50	9.78	24.9%
2018-09-30	2.44	1.06	1.38	9.72	25.1%
2018-06-30	2.45	0.87	1.57	9.50	25.8%
2018-03-31	2.45	0.78	1.67	9.48	25.9%
2017-12-31	2.46	0.72	1.74	9.29	26.4%
2017-09-30	2.46	0.88	1.58	9.21	26.7%
2017-06-30	2.44	0.79	1.65	9.38	26.0%
2017-03-31	2.44	0.90	1.55	9.35	26.1%
2016-12-31	2.44	0.90	1.54	9.45	25.9%
2016-09-30	2.45	0.98	1.46	9.45	25.9%
2016-06-30	2.45	0.90	1.55	9.43	26.0%
2016-03-31	2.45	1.05	1.40	9.38	26.1%
2015-12-31	2.45	0.98	1.47	9.42	26.0%
2015-09-30	2.22	0.87	1.35	9.32	23.8%
2015-06-30	1.99	0.63	1.36	8.99	22.2%
2015-03-31	1.99	0.64	1.36	9.00	22.2%
2014-12-31	1.99	0.47	1.52	8.91	22.4%
2014-09-30	1.72	0.61	1.11	8.64	19.9%
2014-06-30	1.72	0.91	0.80	8.71	19.7%
2014-03-31	1.72	0.91	0.81	8.75	19.7%
2013-12-31	1.72	0.88	0.84	8.90	19.3%
2013-09-30	1.72	0.76	0.97	8.70	19.8%
2013-06-30	1.72	1.36	0.37	8.75	19.7%
2013-03-31	1.72	0.89	0.83	8.50	20.3%
2012-12-31	1.72	0.86	0.87	8.62	20.0%
2012-09-30	1.53	0.77	0.76	8.39	18.2%
2012-06-30	1.53	0.76	0.77	8.28	18.5%
2012-03-31	1.53	0.87	0.66	8.17	18.7%
2011-12-31	1.53	0.81	0.72	8.20	18.7%
2011-09-30	1.53	0.85	0.68	8.16	18.8%
2011-06-30	1.53	0.86	0.68	7.92	19.3%
2011-03-31	1.80	0.89	0.91	8.07	22.3%
2010-12-31	1.50	0.77	0.73	7.76	19.3%
2010-09-30	1.49	0.78	0.71	7.69	19.4%
2010-06-30	1.49	0.76	0.74	7.61	19.6%
2010-03-31	1.49	0.79	0.70	7.60	19.7%
2009-12-31	1.50	0.78	0.71	7.61	19.7%
2009-09-30	1.64	0.91	0.72	7.73	21.2%
2009-06-30	1.64	0.80	0.84	7.66	21.4%
2009-03-31	1.64	0.81	0.83	7.65	21.4%
2008-12-31	1.64	0.81	0.83	7.65	21.4%
2008-09-30	1.64	1.01	0.63	8.16	20.1%
2008-06-30	1.69	1.16	0.53	8.28	20.4%
2008-03-31	1.64	2.18	-0.54Net Cash	9.24	17.7%
2007-12-31	1.64	3.09	-1.46Net Cash	9.89	16.5%
2007-09-30	2.68	3.12	-0.44Net Cash	9.89	27.1%
2007-06-30	3.19	3.48	-0.29Net Cash	10.61	30.1%
2007-03-31	3.43	2.79	0.64	10.42	32.9%
2006-12-31	3.40	2.22	1.18	10.60	32.0%
2006-09-30	2.81	2.01	0.80	10.33	27.2%
2006-06-30	3.66	1.52	2.14	10.47	34.9%
2006-03-31	3.63	1.08	2.56	10.38	35.0%
2005-12-31	3.71	1.10	2.62	10.40	35.7%
2005-09-30	3.57	1.08	2.49	10.41	34.3%
2005-06-30	3.62	1.13	2.49	10.45	34.7%
2005-03-31	3.83	1.16	2.68	10.69	35.8%
2004-12-31	3.73	1.17	2.56	10.99	34.0%
2004-09-30	2.08	1.08	0.99	10.38	20.0%
2004-06-30	4.12	1.38	2.74	10.49	39.3%
2004-03-31	2.10	1.05	1.05	10.14	20.7%
2003-12-31	2.02	0.94	1.08	10.17	19.8%
2003-09-30	3.72	0.93	2.79	9.45	39.4%
2003-06-30	3.92	1.29	2.63	9.99	39.3%
2003-03-31	3.85	1.32	2.54	9.54	40.4%
2002-12-31	3.82	1.30	2.53	9.60	39.8%
2002-09-30	2.78	0.44	2.34	7.98	34.8%
2002-06-30	1.72	0.04	1.68	6.95	24.8%
2002-03-31	1.76	0.08	1.68	7.58	23.2%
2001-12-31	1.84	0.14	1.70	8.05	22.9%
2001-09-30	1.54	0.06	1.47	7.58	20.3%
2001-06-30	1.25	0.09	1.16	8.09	15.5%
2001-03-31	1.71	0.04	1.66	8.27	20.7%
2000-12-31	1.69	0.10	1.58	8.63	19.5%
2000-09-30	1.51	0.10	1.41	9.07	16.6%
2000-06-30	1.42	0.06	1.36	9.12	15.6%
2000-03-31	1.29	0.05	1.24	5.35	24.1%
1999-12-31	1.59	0.12	1.48	5.38	29.7%
1999-09-30	1.42	0.08	1.34	5.36	26.6%
1999-06-30	1.82	0.08	1.73	5.75	31.6%
1999-03-31	1.80	0.05	1.74	5.66	31.8%
1998-12-31	1.74	0.05	1.69	5.53	31.5%
1998-09-30	1.75	0.08	1.66	5.43	32.2%
1998-06-30	1.84	0.09	1.75	5.33	34.5%
1998-03-31	1.76	0.07	1.69	5.20	33.8%
1997-12-31	1.81	0.05	1.76	4.97	36.4%
1997-09-30	1.69	0.05	1.65	4.66	36.3%
1997-06-30	1.53	0.04	1.49	4.51	33.9%
1997-03-31	1.32	0.06	1.27	4.32	30.6%
1996-12-31	1.18	0.06	1.12	4.20	28.1%
1996-09-30	1.03	0.11	0.91	3.93	26.1%
1996-06-30	0.94	0.08	0.86	3.77	25.0%