McDonald’s Corporation (MCD)

Debt-to-equity ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	37,152,900	37,274,600	35,710,100	36,603,700	35,903,500	34,866,200	34,576,500	33,988,800	35,622,700	34,628,000	34,922,600	34,823,200	35,196,800	35,143,400	34,675,600	38,046,600	34,118,100	32,850,100	32,654,300	32,892,000
Total stockholders’ equity	US$ in thousands	-4,706,700	-4,854,800	-4,999,100	-5,776,100	-6,003,400	-6,566,200	-6,369,800	-5,990,800	-4,601,000	-5,675,000	-5,808,000	-7,235,500	-7,824,900	-8,472,100	-9,463,100	-9,293,400	-8,210,300	-8,599,200	-6,808,800	-6,550,900
Debt-to-equity ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

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

Based on the available data, the debt-to-equity ratio for McDonald's Corp is not provided in the table for any of the quarters in 2022 and 2023. This ratio is essential for understanding the company's financial leverage, as it indicates the proportion of debt used to finance its operations relative to shareholders' equity. Without this specific metric, it is challenging to assess the company's capital structure and its dependence on debt financing. For a more comprehensive analysis of McDonald's Corp's financial health, it would be beneficial to obtain the debt and equity amounts to calculate and monitor this ratio over time.