Mondelez International Inc (MDLZ)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	28,332,000	28,535,000	28,647,000	28,228,000	26,883,000	26,641,000	27,511,000	28,161,000	28,269,000	27,698,000	27,543,000	27,075,000	27,578,000	26,943,000	26,018,000	25,674,000	27,241,000	26,806,000	26,093,000	25,828,000
Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $28,332,000K)
= 0.00

Mondelez International Inc.'s debt-to-capital ratio has fluctuated over the past eight quarters, ranging from 0.41 to 0.46. The ratio represents the proportion of debt in the company's capital structure. A lower ratio indicates a lower level of debt relative to total capital, which can be viewed positively as it suggests lower financial risk.

In this case, we observe a general trend of a decreasing debt-to-capital ratio over the quarters, indicating a potential reduction in the company's reliance on debt financing. This trend could be a result of various factors, such as debt repayments, improved profitability, or strategic capital structure management.

Despite the fluctuations, the debt-to-capital ratio has mostly remained around the 0.41 to 0.46 range, which suggests a stable debt structure for Mondelez International Inc. It is essential for investors and stakeholders to monitor this ratio alongside other financial metrics to assess the company's overall financial health and risk profile.