Molson Coors Brewing Co Class B (TAP)
Debt-to-equity 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-equity ratio | 0.40 | 0.40 | 0.48 | 0.49 | 0.49 | 0.46 | 0.49 | 0.49 | 0.50 | 0.50 | 0.52 | 0.57 | 0.58 | 0.53 | 0.62 | 0.63 | 0.60 | 0.61 | 0.61 | 0.62 |
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 some fluctuation over the past eight quarters. The trend indicates that the company has maintained a relatively stable level of leverage, with the ratio hovering around the 0.50 mark.
In the most recent quarter, Q4 2023, the debt-to-equity ratio was 0.47, which was consistent with the previous quarter, Q3 2023, suggesting the company's debt levels compared to equity remain favorable. However, there was a slight increase in the ratio from the first quarter of 2023 to the second quarter of 2023, followed by a slight decrease in the third quarter.
Overall, the debt-to-equity ratio for Molson Coors Beverage Company has remained in a moderate range between 0.47 and 0.54 over the past eight quarters. This indicates that the company has been managing its debt and equity effectively, maintaining a balanced capital structure. It is essential for investors and stakeholders to continue monitoring this ratio to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2023