McDonald’s Corporation (MCD)

Financial leverage ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total assets	US$ in thousands	56,146,800	50,435,600	53,854,300	52,626,800	47,510,800
Total stockholders’ equity	US$ in thousands	-4,706,700	-6,003,400	-4,601,000	-7,824,900	-8,210,300
Financial leverage ratio		—	—	—	—	—

December 31, 2023 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $56,146,800K ÷ $-4,706,700K
= —

The financial leverage ratio for McDonald's Corp for the years ending December 31, 2019 to December 31, 2023 is not provided in the table.

The financial leverage ratio is a measure of how much a company relies on debt to finance its assets. A high financial leverage ratio indicates a higher level of debt relative to equity, which can increase financial risk but also potentially amplify returns. In contrast, a low financial leverage ratio suggests a lower reliance on debt financing.

In order to perform a detailed analysis of McDonald's financial leverage ratio, we would need the specific data on the total debt and total equity for each year to calculate the ratio. This information would provide insights into the company's capital structure and how it has evolved over the years, which are crucial factors to consider when evaluating the financial health and risk profile of the company.

Without the specific data points to calculate the financial leverage ratio, a comprehensive analysis of McDonald's leverage position cannot be provided based on the table alone.