Mondelez International Inc (MDLZ)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 28,332,000 | 26,883,000 | 28,269,000 | 27,578,000 | 27,241,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $28,332,000K)
= 0.00
The debt-to-capital ratio of Mondelez International Inc. has shown some fluctuations over the past five years. The ratio was 0.41 in both 2023 and 2021, decreased to 0.40 in 2019, increased to 0.42 in 2020, and peaked at 0.46 in 2022.
A decreasing trend in the debt-to-capital ratio can indicate that the company is relying less on debt financing and more on equity financing, which may be a positive signal for investors as it suggests lower financial risk. Conversely, an increasing trend in the ratio may indicate a growing reliance on debt to fund operations, which can increase the company's financial risk.
It is important to consider the reason behind each fluctuation in the debt-to-capital ratio and assess the overall financial health of the company in conjunction with other financial ratios and performance metrics for a comprehensive analysis.
Peer comparison
Dec 31, 2023