Molson Coors Brewing Co Class B (TAP)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 26,375,100 | 25,868,300 | 27,619,000 | 27,331,100 | 28,859,800 |
| Total stockholders’ equity | US$ in thousands | 13,196,000 | 12,689,700 | 13,417,100 | 12,365,000 | 13,419,400 |
| Financial leverage ratio | 2.00 | 2.04 | 2.06 | 2.21 | 2.15 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $26,375,100K ÷ $13,196,000K
= 2.00
The financial leverage ratio of Molson Coors Beverage Company has shown a slight decrease in recent years, from 2.21 in 2020 to 2.00 in 2023. This indicates that the company's reliance on debt to finance its operations and growth has decreased. A lower financial leverage ratio may suggest a more conservative approach to capital structure, potentially reducing financial risk. However, it is essential to consider the reasons behind this trend and analyze the impact on the company's overall financial health and growth prospects. Further investigation into the company's debt levels, profitability, and industry dynamics is recommended for a comprehensive assessment of its financial leverage position.
Peer comparison
Dec 31, 2023