Mondelez International Inc (MDLZ)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 2.54 | 2.52 | 2.65 | 2.37 | 2.46 |
Mondelez International Inc's solvency ratios indicate a strong financial position with consistently low debt levels relative to its assets, capital, and equity over the years. The debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio have all been reported as 0.00 across the years 2020 to 2024, suggesting that the company has effectively managed its debt obligations compared to its total assets, capital, and equity.
Furthermore, the financial leverage ratio has remained relatively stable over the same period, ranging from 2.37 to 2.65. This indicates that Mondelez International has been able to finance its operations primarily through equity rather than debt, which is a positive sign for investors and creditors.
Overall, the solvency ratios reflect Mondelez International's strong financial stability and ability to honor its financial obligations with minimal reliance on debt financing.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 12.49 | 9.74 | 8.11 | 12.51 | 8.96 |
Interest coverage ratio measures the company's ability to meet interest payments on its debt. A higher ratio indicates greater ability to cover interest expense.
For Mondelez International Inc, the interest coverage ratio has shown a generally positive trend over the past five years. As of December 31, 2020, the company's interest coverage was 8.96, which improved to 12.51 by December 31, 2021, indicating a significant increase in their ability to cover interest expenses.
However, there was a slight decrease in interest coverage to 8.11 by December 31, 2022, followed by a moderate increase to 9.74 by December 31, 2023. The ratio further improved to 12.49 by December 31, 2024, reaching a level similar to the peak in 2021.
Overall, Mondelez International Inc has shown a strong ability to cover its interest payments, with fluctuations in the ratio potentially reflecting changes in the company's debt structure or interest rates over the years.