Molson Coors Brewing Co Class B (TAP)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,312,100 | 6,165,200 | 6,647,200 | 7,208,200 | 8,109,500 |
| Total assets | US$ in thousands | 26,375,100 | 25,868,300 | 27,619,000 | 27,331,100 | 28,859,800 |
| Debt-to-assets ratio | 0.20 | 0.24 | 0.24 | 0.26 | 0.28 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,312,100K ÷ $26,375,100K
= 0.20
The debt-to-assets ratio of Molson Coors Beverage Company has shown a declining trend over the past five years. The ratio decreased from 0.31 in 2019 to 0.24 in 2023. This indicates that the company has been successful in reducing its reliance on debt in funding its assets. A lower debt-to-assets ratio suggests a lower financial risk as it signifies a lower proportion of assets being financed by debt. Molson Coors' decreasing ratio over the years may reflect improved financial stability and creditworthiness, as well as a more conservative approach to capital structure management. Overall, the decreasing trend in the debt-to-assets ratio is a positive indicator of the company's financial health and prudent management of its debt levels.
Peer comparison
Dec 31, 2023