Molson Coors Brewing Co Class B (TAP)
Debt-to-assets ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,312,100 | 5,301,100 | 6,191,900 | 6,177,700 | 6,165,200 | 6,082,700 | 6,557,800 | 6,631,500 | 6,647,200 | 6,661,000 | 6,701,900 | 7,181,200 | 7,208,200 | 7,129,500 | 8,073,700 | 8,032,100 | 8,109,500 | 8,058,500 | 8,517,900 | 8,484,800 |
| Total assets | US$ in thousands | 26,375,100 | 26,568,400 | 26,789,600 | 25,852,500 | 25,868,300 | 26,708,500 | 27,387,900 | 27,721,500 | 27,619,000 | 27,643,500 | 28,519,900 | 27,163,600 | 27,331,100 | 28,675,300 | 28,638,800 | 28,461,100 | 28,859,800 | 28,751,600 | 30,061,600 | 29,823,600 |
| Debt-to-assets ratio | 0.20 | 0.20 | 0.23 | 0.24 | 0.24 | 0.23 | 0.24 | 0.24 | 0.24 | 0.24 | 0.23 | 0.26 | 0.26 | 0.25 | 0.28 | 0.28 | 0.28 | 0.28 | 0.28 | 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 for Molson Coors Beverage Company has been relatively stable over the past eight quarters, ranging from 0.23 to 0.26. This ratio represents the proportion of the company's total debt compared to its total assets, indicating the extent to which the company relies on debt to finance its operations and investments.
With an average debt-to-assets ratio of around 0.25 during this period, Molson Coors' debt levels have been well managed, showing a conservative approach to debt financing. A lower ratio suggests lower financial risk and greater financial stability, as the company has a higher proportion of assets relative to its debt obligations.
Overall, Molson Coors Beverage Company appears to have maintained a healthy balance between debt and assets, indicating a sound financial position with a manageable level of debt relative to its asset base. Continued monitoring of this ratio will be important to ensure the company's financial health and sustainability in the long term.
Peer comparison
Dec 31, 2023