Mondelez International Inc (MDLZ)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.54 | 2.59 | 2.73 | 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 |
The solvency ratios of Mondelez International Inc over the years indicate a stable financial position with consistently low levels of debt relative to its assets, capital, and equity.
- Debt-to-assets ratio has consistently remained at 0.00, suggesting that the company's total debt is negligible compared to its total assets. This indicates a low financial risk and a strong ability to cover its obligations.
- Debt-to-capital ratio has also maintained a level of 0.00 throughout the period, indicating that Mondelez relies minimally on debt to finance its operations compared to its total capital structure.
- Debt-to-equity ratio also remains at 0.00 across the years, reflecting a healthy capital structure with minimal reliance on debt to support its equity.
- The financial leverage ratio, which indicates the proportion of the company's assets that are financed by debt, has shown a slight increase from 2.37 at the end of 2019 to 2.54 at the end of 2024. While the ratio has increased, it still remains at a moderate level, indicating a reasonable level of leverage and overall financial stability.
Overall, the solvency ratios of Mondelez International Inc demonstrate a prudent approach to managing its debt levels and maintaining a strong financial position, which is essential for sustainable growth and stability in the long term.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 13.08 | 12.46 | 12.59 | 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 |
The interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt with its earnings before interest and taxes (EBIT). For Mondelez International Inc, the interest coverage ratio has shown a generally positive trend over the period from December 31, 2019, to December 31, 2024.
- The interest coverage ratio started at 7.89 on December 31, 2019, indicating that the company's EBIT was nearly 8 times its interest expense at that time.
- The ratio slightly decreased to 7.73 on March 31, 2020, before trending downwards to 7.36 on June 30, 2020.
- However, from September 30, 2020, onwards, the interest coverage ratio began to improve steadily, reaching a high of 13.08 on December 31, 2024.
- This improvement suggests that Mondelez International Inc has been generating more earnings relative to its interest expenses, indicating a stronger ability to cover its interest obligations with operating income.
Overall, the upward trend in the interest coverage ratio signals a positive financial health for Mondelez International Inc, demonstrating its capacity to comfortably manage its interest payments and potentially signaling improved creditworthiness to investors and creditors.