Stock Analysis on Net
Stock Analysis on Net

Kraft Heinz Co. (NASDAQ:KHC)

This company has been moved to the archive! The financial data has not been updated since July 31, 2020.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Kraft Heinz Co., adjusted financial ratios

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Activity Ratio
Total Asset Turnover
Reported 0.25 0.25 0.22 0.22 0.15
Adjusted 0.25 0.25 0.22 0.22 0.15
Liquidity Ratio
Current Ratio
Reported 1.03 1.21 0.72 0.92 1.41
Adjusted 1.03 1.21 0.72 0.92 1.42
Solvency Ratios
Debt to Equity
Reported 0.57 0.60 0.48 0.56 0.44
Adjusted 0.47 0.50 0.40 0.42 0.32
Debt to Capital
Reported 0.36 0.38 0.32 0.36 0.30
Adjusted 0.32 0.33 0.28 0.29 0.24
Financial Leverage
Reported 1.97 2.00 1.82 2.10 2.13
Adjusted 1.59 1.62 1.50 1.54 1.55
Profitability Ratios
Net Profit Margin
Reported 7.75% -38.80% 41.93% 13.71% 3.46%
Adjusted 6.25% -50.08% 19.26% 9.59% 2.12%
Return on Equity (ROE)
Reported 3.75% -19.73% 16.66% 6.33% 1.10%
Adjusted 2.45% -20.54% 6.29% 3.23% 0.49%
Return on Assets (ROA)
Reported 1.91% -9.85% 9.15% 3.01% 0.52%
Adjusted 1.54% -12.65% 4.19% 2.10% 0.31%

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Kraft Heinz Co. adjusted total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Kraft Heinz Co. adjusted current ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Kraft Heinz Co. adjusted debt-to-equity ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Kraft Heinz Co. adjusted debt-to-capital ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Kraft Heinz Co. adjusted financial leverage ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Kraft Heinz Co. adjusted net profit margin ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Kraft Heinz Co. adjusted ROE deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Kraft Heinz Co. adjusted ROA deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.

Kraft Heinz Co., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Net sales 24,977 26,268 26,232 26,487 18,338
Total assets 101,450 103,461 120,232 120,480 122,973
Activity Ratio
Total asset turnover1 0.25 0.25 0.22 0.22 0.15
Adjusted
Selected Financial Data (US$ in millions)
Net sales 24,977 26,268 26,232 26,487 18,338
Adjusted total assets2 101,386 104,006 120,607 120,830 123,526
Activity Ratio
Adjusted total asset turnover3 0.25 0.25 0.22 0.22 0.15

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Total asset turnover = Net sales ÷ Total assets
= 24,977 ÷ 101,450 = 0.25

2 Adjusted total assets. See details »

3 2019 Calculation
Adjusted total asset turnover = Net sales ÷ Adjusted total assets
= 24,977 ÷ 101,386 = 0.25

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Kraft Heinz Co. adjusted total asset turnover ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Current Ratio

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Current assets 8,097 9,075 7,266 8,753 9,780
Current liabilities 7,875 7,503 10,132 9,501 6,932
Liquidity Ratio
Current ratio1 1.03 1.21 0.72 0.92 1.41
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 8,130 9,099 7,289 8,773 9,812
Current liabilities 7,875 7,503 10,132 9,501 6,932
Liquidity Ratio
Adjusted current ratio3 1.03 1.21 0.72 0.92 1.42

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,097 ÷ 7,875 = 1.03

2 Adjusted current assets. See details »

3 2019 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 8,130 ÷ 7,875 = 1.03

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Kraft Heinz Co. adjusted current ratio improved from 2017 to 2018 but then slightly deteriorated from 2018 to 2019.

Adjusted Debt to Equity

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Total debt 29,244 31,168 31,536 32,404 25,234
Shareholders’ equity 51,623 51,657 66,034 57,358 57,685
Solvency Ratio
Debt to equity1 0.57 0.60 0.48 0.56 0.44
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 29,845 31,736 31,953 32,787 25,825
Adjusted total equity3 63,609 64,027 80,368 78,535 79,638
Solvency Ratio
Adjusted debt to equity4 0.47 0.50 0.40 0.42 0.32

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 29,244 ÷ 51,623 = 0.57

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2019 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 29,845 ÷ 63,609 = 0.47

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Kraft Heinz Co. adjusted debt-to-equity ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Adjusted Debt to Capital

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Total debt 29,244 31,168 31,536 32,404 25,234
Total capital 80,867 82,825 97,570 89,762 82,919
Solvency Ratio
Debt to capital1 0.36 0.38 0.32 0.36 0.30
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 29,845 31,736 31,953 32,787 25,825
Adjusted total capital3 93,454 95,763 112,321 111,322 105,463
Solvency Ratio
Adjusted debt to capital4 0.32 0.33 0.28 0.29 0.24

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Debt to capital = Total debt ÷ Total capital
= 29,244 ÷ 80,867 = 0.36

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2019 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 29,845 ÷ 93,454 = 0.32

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Kraft Heinz Co. adjusted debt-to-capital ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Adjusted Financial Leverage

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Total assets 101,450 103,461 120,232 120,480 122,973
Shareholders’ equity 51,623 51,657 66,034 57,358 57,685
Solvency Ratio
Financial leverage1 1.97 2.00 1.82 2.10 2.13
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 101,386 104,006 120,607 120,830 123,526
Adjusted total equity3 63,609 64,027 80,368 78,535 79,638
Solvency Ratio
Adjusted financial leverage4 1.59 1.62 1.50 1.54 1.55

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 101,450 ÷ 51,623 = 1.97

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2019 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 101,386 ÷ 63,609 = 1.59

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Kraft Heinz Co. adjusted financial leverage ratio increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.

Adjusted Net Profit Margin

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Kraft Heinz 1,935 (10,192) 10,999 3,632 634
Net sales 24,977 26,268 26,232 26,487 18,338
Profitability Ratio
Net profit margin1 7.75% -38.80% 41.93% 13.71% 3.46%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 1,560 (13,154) 5,053 2,539 389
Net sales 24,977 26,268 26,232 26,487 18,338
Profitability Ratio
Adjusted net profit margin3 6.25% -50.08% 19.26% 9.59% 2.12%

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
Net profit margin = 100 × Net income (loss) attributable to Kraft Heinz ÷ Net sales
= 100 × 1,935 ÷ 24,977 = 7.75%

2 Adjusted net income (loss). See details »

3 2019 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Net sales
= 100 × 1,560 ÷ 24,977 = 6.25%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Kraft Heinz Co. adjusted net profit margin ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Kraft Heinz 1,935 (10,192) 10,999 3,632 634
Shareholders’ equity 51,623 51,657 66,034 57,358 57,685
Profitability Ratio
ROE1 3.75% -19.73% 16.66% 6.33% 1.10%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 1,560 (13,154) 5,053 2,539 389
Adjusted total equity3 63,609 64,027 80,368 78,535 79,638
Profitability Ratio
Adjusted ROE4 2.45% -20.54% 6.29% 3.23% 0.49%

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
ROE = 100 × Net income (loss) attributable to Kraft Heinz ÷ Shareholders’ equity
= 100 × 1,935 ÷ 51,623 = 3.75%

2 Adjusted net income (loss). See details »

3 Adjusted total equity. See details »

4 2019 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted total equity
= 100 × 1,560 ÷ 63,609 = 2.45%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Kraft Heinz Co. adjusted ROE deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Kraft Heinz 1,935 (10,192) 10,999 3,632 634
Total assets 101,450 103,461 120,232 120,480 122,973
Profitability Ratio
ROA1 1.91% -9.85% 9.15% 3.01% 0.52%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 1,560 (13,154) 5,053 2,539 389
Adjusted total assets3 101,386 104,006 120,607 120,830 123,526
Profitability Ratio
Adjusted ROA4 1.54% -12.65% 4.19% 2.10% 0.31%

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

1 2019 Calculation
ROA = 100 × Net income (loss) attributable to Kraft Heinz ÷ Total assets
= 100 × 1,935 ÷ 101,450 = 1.91%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2019 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 1,560 ÷ 101,386 = 1.54%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Kraft Heinz Co. adjusted ROA deteriorated from 2017 to 2018 but then improved from 2018 to 2019 not reaching 2017 level.