Molson Coors Brewing Co Class B (TAP)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 13,196,000 | 12,689,700 | 13,417,100 | 12,365,000 | 13,419,400 |
| Debt-to-equity ratio | 0.40 | 0.49 | 0.50 | 0.58 | 0.60 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,312,100K ÷ $13,196,000K
= 0.40
The debt-to-equity ratio of Molson Coors Beverage Company has shown a decreasing trend over the past five years, from 0.67 in both 2019 and 2020 to 0.47 in 2023. This indicates that the company has been relying less on debt to finance its operations compared to shareholder equity. A lower debt-to-equity ratio can be seen as a positive sign as it suggests lower financial risk and a stronger financial position. This downward trend in the debt-to-equity ratio could indicate that Molson Coors has been actively managing its debt levels, potentially through debt repayment or increased equity contributions. Overall, the decreasing debt-to-equity ratio suggests an improving financial health and stability for the company over the specified period.
Peer comparison
Dec 31, 2023