Mondelez International Inc (MDLZ)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $28,332,000K
= 0.00
The debt-to-equity ratio of Mondelez International Inc. has shown some fluctuations over the past five years. In 2023, the ratio stands at 0.69, which indicates that the company has $0.69 in debt for every $1 of equity. Comparing this to the previous years, we see a decrease from 0.85 in 2022, a similar level to 0.69 observed in 2021, a slight increase from 0.73 in 2020, and a return to the same level as 2019 at 0.68.
A decreasing trend in the debt-to-equity ratio can suggest that the company is relying less on debt financing and becoming more reliant on equity, which can indicate a stronger financial position and lower financial risk. On the other hand, an increasing trend may indicate that the company is taking on more debt relative to shareholder equity, potentially increasing financial risk.
Overall, the debt-to-equity ratio of Mondelez International Inc. fluctuated over the past five years, showing variations in the company's capital structure and its approach to financing operations. Further analysis would be required to understand the reasons behind these fluctuations and their implications for the company's financial health and risk profile.
Peer comparison
Dec 31, 2023