Molson Coors Brewing Co Class B (TAP)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.99 | 2.00 | 2.04 | 2.06 | 2.21 |
Based on the provided solvency ratios data for Molson Coors Brewing Co Class B, we can observe the following trends:
1. Debt-to-assets ratio: The company has consistently maintained a debt-to-assets ratio of 0.00 across the years from 2020 to 2024. This indicates that the company's total debt is not significant relative to its total assets, implying a low level of financial risk associated with its asset base.
2. Debt-to-capital ratio: Similar to the debt-to-assets ratio, the debt-to-capital ratio for Molson Coors Brewing Co Class B has also remained at 0.00 throughout the five years under consideration. This suggests that the company has not relied heavily on debt financing in relation to its total capital structure.
3. Debt-to-equity ratio: The debt-to-equity ratio has consistently been reported as 0.00 from 2020 to 2024. This signifies that the company's level of debt is negligible compared to its equity, implying a strong financial position and lower risk of financial distress.
4. Financial leverage ratio: The financial leverage ratio has shown a declining trend over the five-year period, decreasing from 2.21 in 2020 to 1.99 in 2024. A decreasing trend in this ratio indicates that the company is relying more on equity financing and less on debt, which could lead to lower financial risk and improved financial stability.
Overall, based on the solvency ratios analyzed, Molson Coors Brewing Co Class B appears to have a very strong financial position with minimal debt levels relative to its assets, capital, and equity. The decreasing trend in the financial leverage ratio further suggests a prudent approach to capital structure management.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 6.32 | 6.33 | 4.51 | 5.76 | -1.30 |
The interest coverage ratio of Molson Coors Brewing Co Class B has shown varying trends over the past five years.
In December 31, 2020, the interest coverage ratio was negative at -1.30, indicating that the company did not generate enough operating income to cover its interest expenses. However, this improved significantly in the following years.
By December 31, 2021, the interest coverage ratio increased to 5.76, reflecting a better ability to cover interest payments. Subsequently, in December 31, 2022, the ratio slightly decreased to 4.51 but remained at a healthy level.
Continuing the positive trend, the interest coverage ratio further improved to 6.33 by December 31, 2023, indicating a stronger ability to meet interest obligations.
As of the most recent data point in December 31, 2024, the interest coverage ratio remained relatively stable at 6.32, suggesting that Molson Coors Brewing Co Class B continues to have a solid capacity to cover its interest expenses with operating income.
Overall, the trend in the interest coverage ratio demonstrates an improvement in the company's ability to service its debt obligations through its operating earnings over the years.