Mondelez International Inc (MDLZ)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 71,391,000 | 71,161,000 | 67,092,000 | 67,810,000 | 64,515,000 |
| Total stockholders’ equity | US$ in thousands | 28,332,000 | 26,883,000 | 28,269,000 | 27,578,000 | 27,241,000 |
| Financial leverage ratio | 2.52 | 2.65 | 2.37 | 2.46 | 2.37 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $71,391,000K ÷ $28,332,000K
= 2.52
Mondelez International Inc.'s financial leverage ratio has shown some fluctuations over the past five years. The ratio was highest in 2022 at 2.65 and lowest in 2021 at 2.37. The ratio for 2023 stands at 2.52, indicating that the company's reliance on debt to finance its operations has decreased slightly compared to 2022. This suggests that Mondelez International Inc. has been managing its financial leverage effectively, aiming to strike a balance between debt and equity to support its growth and profitability. Overall, the trend in the financial leverage ratio shows that the company has maintained a relatively stable capital structure in recent years.
Peer comparison
Dec 31, 2023