Molson Coors Brewing Co Class B (TAP)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.99 | 2.00 | 2.08 | 1.99 | 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 |
The solvency ratios of Molson Coors Brewing Co Class B indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been consistently at 0.00 over the reported periods, suggesting that the company has minimal debt obligations in relation to its total assets, capital structure, and equity.
Furthermore, the Financial leverage ratio has shown a declining trend, decreasing from 2.24 in March 2020 to 1.99 in December 2024. This trend indicates that the company has been reducing its reliance on debt to finance its operations over time, which enhances its solvency and financial stability.
Overall, Molson Coors Brewing Co Class B's solvency ratios reflect a healthy balance sheet structure and a conservative approach to managing its debt levels, which bodes well for its long-term financial sustainability and ability to weather economic downturns.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.33 | 7.60 | 9.83 | 9.04 | 7.86 | 3.37 | 2.03 | 0.43 | 0.84 | 3.55 | 4.32 | 6.16 | 5.82 | 0.28 | 0.40 | 0.13 | -0.58 | 1.24 | 0.92 | 0.59 |
Molson Coors Brewing Co Class B's interest coverage ratio has exhibited significant fluctuations over the period from March 31, 2020, to December 31, 2024. The interest coverage ratio, a measure of a company's ability to meet its interest payment obligations, indicates the company's ability to generate earnings to cover its interest expenses.
The interest coverage ratio started at a concerning level of 0.59 on March 31, 2020, indicating a potential challenge in meeting interest payments. Subsequently, there was a gradual improvement in the ratio, reaching a peak of 9.83 on June 30, 2024, demonstrating a substantial increase in the company's ability to cover its interest expenses.
However, there were fluctuations in the ratio during the period, with some quarters showing negative values like -0.58 on December 31, 2020, and values below 1 in several other quarters, indicating that the company struggled to cover its interest payments during those periods.
Overall, the trend in the interest coverage ratio for Molson Coors Brewing Co Class B shows improvements over time, with the company achieving healthy interest coverage levels in recent quarters. Investors and stakeholders may find these improvements encouraging as they suggest the company's strengthening financial position and ability to manage its debt obligations more effectively.