Molson Coors Brewing Co Class B (TAP)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 13,196,000 | 13,246,000 | 13,030,800 | 12,696,500 | 12,689,700 | 13,170,300 | 13,372,800 | 13,531,800 | 13,417,100 | 13,275,500 | 12,984,800 | 12,580,800 | 12,365,000 | 13,512,700 | 13,002,900 | 12,686,600 | 13,419,400 | 13,162,400 | 13,899,400 | 13,647,300 |
| Debt-to-capital ratio | 0.29 | 0.29 | 0.32 | 0.33 | 0.33 | 0.32 | 0.33 | 0.33 | 0.33 | 0.33 | 0.34 | 0.36 | 0.37 | 0.35 | 0.38 | 0.39 | 0.38 | 0.38 | 0.38 | 0.38 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,312,100K ÷ ($5,312,100K + $13,196,000K)
= 0.29
The debt-to-capital ratio of Molson Coors Beverage Company has been relatively stable over the past eight quarters, ranging from 0.32 to 0.35. This ratio indicates the proportion of the company's total capital structure that is financed by debt.
With a ratio consistently below 0.5, Molson Coors appears to maintain a conservative capital structure with a relatively low reliance on debt financing. Generally, a lower debt-to-capital ratio reflects less financial risk and higher solvency.
Despite some minor fluctuations, the overall trend of the debt-to-capital ratio suggests that Molson Coors has been managing its debt levels effectively and maintaining a balanced capital structure over the specified quarters. Further analysis may be required to assess the implications of this ratio on the company's financial health and future growth prospects.
Peer comparison
Dec 31, 2023