Mondelez International Inc (MDLZ)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 71,391,000 | 71,161,000 | 67,092,000 | 67,810,000 | 64,515,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $71,391,000K
= 0.00
The debt-to-assets ratio for Mondelez International Inc. has shown a decreasing trend from 0.29 in 2019 to 0.27 in 2023. This indicates that the company's reliance on debt to finance its assets has been gradually decreasing over the period. A lower debt-to-assets ratio suggests that Mondelez International Inc. has been able to reduce its financial leverage and potentially improve its financial stability. It is important to note that a lower debt-to-assets ratio can signify a stronger financial position, as it implies that a smaller portion of the company's assets is financed with debt. Overall, the declining trend in the debt-to-assets ratio indicates a positive financial trajectory for Mondelez International Inc.
Peer comparison
Dec 31, 2023