Mondelez International Inc (MDLZ)
Debt-to-assets 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 71,391,000 | 70,860,000 | 72,025,000 | 72,786,000 | 71,161,000 | 68,036,000 | 66,014,000 | 67,994,000 | 67,092,000 | 67,317,000 | 66,477,000 | 66,349,000 | 67,810,000 | 66,249,000 | 64,194,000 | 63,598,000 | 64,515,000 | 63,895,000 | 63,573,000 | 64,162,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Mondelez International Inc. has shown a consistent downward trend over the past two years, declining from 0.32 in Q4 2022 to 0.27 in Q4 2023. This indicates that the company has been effectively managing its debt relative to its assets.
The decreasing trend suggests that Mondelez International Inc. has been either paying down its debt, increasing its assets, or a combination of both. A lower debt-to-assets ratio is generally viewed positively by investors and lenders as it implies a lower financial risk for the company.
However, the ratio increased slightly in Q2 and Q1 2023 before decreasing again in Q4 2023, which might be an indication of temporary fluctuations or changes in the company's financial structure during those periods. Overall, the downward trend in the debt-to-assets ratio for Mondelez International Inc. demonstrates a strengthening financial position and a potentially healthier balance sheet.
Peer comparison
Dec 31, 2023