McDonald’s Corporation (MCD)

Debt-to-equity ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Long-term debt	US$ in thousands	37,152,900	35,903,500	35,622,700	35,196,800	34,118,100
Total stockholders’ equity	US$ in thousands	-4,706,700	-6,003,400	-4,601,000	-7,824,900	-8,210,300
Debt-to-equity ratio		—	—	—	—	—

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $37,152,900K ÷ $-4,706,700K
= —

The debt-to-equity ratio for McDonald's Corp is not provided in the table for the years 2019 to 2023. The debt-to-equity ratio is a financial metric used to evaluate a company's financial leverage by comparing its total debt to shareholders' equity. A higher ratio indicates that a company relies more on debt to finance its operations, while a lower ratio suggests a more conservative capital structure with a greater reliance on equity.

To conduct a thorough analysis of McDonald's debt-to-equity ratio over the years, it would be necessary to calculate the ratio using the total debt and shareholders' equity figures from the company's financial statements for each year. By analyzing the trend in the debt-to-equity ratio over time, one can assess how McDonald's capital structure has evolved and whether it has been increasingly relying on debt or maintaining a more balanced mix of debt and equity financing.