Molson Coors Brewing Co Class B (TAP)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 2.00 | 2.01 | 2.06 | 2.04 | 2.04 | 2.03 | 2.05 | 2.05 | 2.06 | 2.08 | 2.20 | 2.16 | 2.21 | 2.12 | 2.20 | 2.24 | 2.15 | 2.18 | 2.16 | 2.19 |
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 been relatively stable over the past eight quarters, ranging between 2.00 and 2.06. This indicates that the company relies on debt to finance its operations and investment activities at a consistent level. A financial leverage ratio of 2.00 to 2.06 suggests that for every dollar of equity, the company has $2.00 to $2.06 of debt. This level of leverage indicates moderate financial risk, as higher levels of debt can amplify both positive and negative financial performance.
Overall, Molson Coors Beverage Company's financial leverage ratio shows a consistent pattern of leveraging its operations with debt, which can provide opportunities for growth but also carries inherent risks associated with higher levels of debt. It is important for the company to manage its debt levels effectively to ensure it can meet its financial obligations and continue generating sustainable returns for its investors.
Peer comparison
Dec 31, 2023