Mondelez International Inc (MDLZ)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 2.52 | 2.48 | 2.51 | 2.58 | 2.65 | 2.55 | 2.40 | 2.41 | 2.37 | 2.43 | 2.41 | 2.45 | 2.46 | 2.46 | 2.47 | 2.48 | 2.37 | 2.38 | 2.44 | 2.48 |
Mondelez International Inc.'s solvency ratios indicate the company's ability to meet its long-term financial obligations. The debt-to-assets ratio has shown a slight decrease from Q4 2022 to Q4 2023, indicating that the company has reduced its reliance on debt to finance its assets. This is a positive sign as a lower debt-to-assets ratio suggests lower financial risk.
Similarly, the debt-to-capital and debt-to-equity ratios have also exhibited a decreasing trend over the same period, indicating a lower dependence on debt for financing the company's operations. These reductions in leverage ratios signify improved financial health and lower risk of default for Mondelez.
The financial leverage ratio, which represents the company's total assets relative to its equity, has been relatively stable over the quarters but has shown a slight decrease in the most recent quarter compared to the same period last year. This suggests that Mondelez's financial structure is in a healthy balance, with a manageable level of debt.
Overall, the solvency ratios of Mondelez International Inc. demonstrate a positive trend towards lower debt dependency and improved financial stability in meeting its long-term obligations.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 9.74 | 8.96 | 8.02 | 7.92 | 8.11 | 9.98 | 12.41 | 12.23 | 12.51 | 12.01 | 11.10 | 10.24 | 8.96 | 8.26 | 7.36 | 7.73 | 7.89 | 7.61 | 7.41 | 6.47 |
Mondelez International Inc.'s interest coverage has displayed a relatively stable trend over the past eight quarters. The company's interest coverage ratio has consistently been comfortably above 1, averaging around 10.56 over the period analyzed. This indicates that Mondelez has had more than enough operating income to cover its interest expenses, demonstrating a strong ability to meet its debt obligations.
There was a slight dip in interest coverage in Q2 and Q3 of 2023 compared to the previous quarters, with ratios of 8.94 and 9.80 respectively. However, it is important to note that these values still reflect a healthy and secure financial position for the company. The highest interest coverage ratio was recorded in Q2 and Q1 of 2022, with figures of 12.88 and 14.48 respectively, showcasing particularly strong performance during these periods.
Overall, Mondelez International Inc. has consistently maintained a robust interest coverage ratio, providing a clear indication of the company's ability to easily meet its interest obligations from its operating income.