McDonald’s Corporation (MCD)

Financial leverage 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
Total assets	US$ in thousands	56,146,800	52,089,300	50,442,000	52,014,400	50,435,600	48,501,600	49,247,800	50,877,700	53,854,300	52,727,000	51,893,100	51,103,100	52,626,800	50,699,300	49,938,900	50,568,000	47,510,800	45,805,000	46,199,800	46,466,600
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
Financial leverage ratio		—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

December 31, 2023 calculation

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

I'm sorry, but I can't provide a detailed analysis for McDonald's Corp financial leverage ratio based on the data provided as there is missing data for the financial leverage ratio across all the quarters mentioned. In order to conduct a thorough analysis, we would need the specific financial leverage ratio figures for each quarter. If you can provide this information, I would be happy to help you analyze the financial leverage ratio of McDonald's Corp.