Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Kraft Heinz Co., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Kraft Heinz Co. debt to equity ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Kraft Heinz Co. debt to capital ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Kraft Heinz Co. debt to assets ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Kraft Heinz Co. financial leverage ratio increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Kraft Heinz Co. interest coverage ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Debt to Equity
Kraft Heinz Co., debt to equity calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Commercial paper and other short-term debt | 6) | 6) | 6) | 15) | 1) | 2) | 21) | 973) | 34) | 1,001) | 460) | 455) | 1,090) | 909) | 645) | 653) | 645) | —) | 4) | —) | 2) | 1) | |||||||
| Current portion of long-term debt | 757) | 1,242) | 1,022) | 2,545) | 1,298) | 1,305) | 377) | 405) | 2,754) | 2,742) | 2,743) | 2,755) | 19) | 2,023) | 2,046) | 2,047) | 2,106) | 133) | 79) | 74) | 10) | 10) | |||||||
| Long-term debt, excluding current portion | 28,097) | 31,531) | 28,216) | 28,112) | 29,832) | 29,803) | 30,770) | 30,998) | 31,380) | 28,561) | 28,333) | 28,299) | 29,979) | 29,748) | 29,713) | 29,980) | 30,002) | 25,167) | 25,151) | 25,250) | 13,626) | 13,616) | |||||||
| Total debt | 28,860) | 32,779) | 29,244) | 30,672) | 31,131) | 31,110) | 31,168) | 32,376) | 34,168) | 32,304) | 31,536) | 31,509) | 31,088) | 32,680) | 32,404) | 32,680) | 32,753) | 25,300) | 25,234) | 25,324) | 13,638) | 13,627) | |||||||
| Shareholders’ equity | 49,040) | 51,009) | 51,623) | 51,673) | 51,543) | 51,703) | 51,657) | 65,385) | 65,677) | 66,248) | 66,034) | 58,759) | 58,333) | 57,732) | 57,358) | 57,642) | 57,826) | 58,043) | 57,685) | 58,811) | 6,739) | 6,810) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to equity1 | 0.59 | 0.64 | 0.57 | 0.59 | 0.60 | 0.60 | 0.60 | 0.50 | 0.52 | 0.49 | 0.48 | 0.54 | 0.53 | 0.57 | 0.56 | 0.57 | 0.57 | 0.44 | 0.44 | 0.43 | 2.02 | 2.00 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||
| Altria Group Inc. | 5.11 | 4.58 | 4.51 | 2.65 | 2.02 | 2.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | 2.99 | 2.78 | 2.25 | 2.27 | 2.48 | 2.50 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.76 | 0.77 | 0.68 | 0.73 | 0.74 | 0.75 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | 3.60 | 3.06 | 2.17 | 2.30 | 2.24 | 2.24 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Debt to equity = Total debt ÷ Shareholders’ equity
= 28,860 ÷ 49,040 = 0.59
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Kraft Heinz Co. debt to equity ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
Debt to Capital
Kraft Heinz Co., debt to capital calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Commercial paper and other short-term debt | 6) | 6) | 6) | 15) | 1) | 2) | 21) | 973) | 34) | 1,001) | 460) | 455) | 1,090) | 909) | 645) | 653) | 645) | —) | 4) | —) | 2) | 1) | |||||||
| Current portion of long-term debt | 757) | 1,242) | 1,022) | 2,545) | 1,298) | 1,305) | 377) | 405) | 2,754) | 2,742) | 2,743) | 2,755) | 19) | 2,023) | 2,046) | 2,047) | 2,106) | 133) | 79) | 74) | 10) | 10) | |||||||
| Long-term debt, excluding current portion | 28,097) | 31,531) | 28,216) | 28,112) | 29,832) | 29,803) | 30,770) | 30,998) | 31,380) | 28,561) | 28,333) | 28,299) | 29,979) | 29,748) | 29,713) | 29,980) | 30,002) | 25,167) | 25,151) | 25,250) | 13,626) | 13,616) | |||||||
| Total debt | 28,860) | 32,779) | 29,244) | 30,672) | 31,131) | 31,110) | 31,168) | 32,376) | 34,168) | 32,304) | 31,536) | 31,509) | 31,088) | 32,680) | 32,404) | 32,680) | 32,753) | 25,300) | 25,234) | 25,324) | 13,638) | 13,627) | |||||||
| Shareholders’ equity | 49,040) | 51,009) | 51,623) | 51,673) | 51,543) | 51,703) | 51,657) | 65,385) | 65,677) | 66,248) | 66,034) | 58,759) | 58,333) | 57,732) | 57,358) | 57,642) | 57,826) | 58,043) | 57,685) | 58,811) | 6,739) | 6,810) | |||||||
| Total capital | 77,900) | 83,788) | 80,867) | 82,345) | 82,674) | 82,813) | 82,825) | 97,761) | 99,845) | 98,552) | 97,570) | 90,268) | 89,421) | 90,412) | 89,762) | 90,322) | 90,579) | 83,343) | 82,919) | 84,135) | 20,377) | 20,437) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to capital1 | 0.37 | 0.39 | 0.36 | 0.37 | 0.38 | 0.38 | 0.38 | 0.33 | 0.34 | 0.33 | 0.32 | 0.35 | 0.35 | 0.36 | 0.36 | 0.36 | 0.36 | 0.30 | 0.30 | 0.30 | 0.67 | 0.67 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||
| Altria Group Inc. | 0.84 | 0.82 | 0.82 | 0.73 | 0.67 | 0.67 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | 0.75 | 0.74 | 0.69 | 0.69 | 0.71 | 0.71 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.43 | 0.44 | 0.40 | 0.42 | 0.42 | 0.43 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | 0.78 | 0.75 | 0.68 | 0.70 | 0.69 | 0.69 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 28,860 ÷ 77,900 = 0.37
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Kraft Heinz Co. debt to capital ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
Debt to Assets
Kraft Heinz Co., debt to assets calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Commercial paper and other short-term debt | 6) | 6) | 6) | 15) | 1) | 2) | 21) | 973) | 34) | 1,001) | 460) | 455) | 1,090) | 909) | 645) | 653) | 645) | —) | 4) | —) | 2) | 1) | |||||||
| Current portion of long-term debt | 757) | 1,242) | 1,022) | 2,545) | 1,298) | 1,305) | 377) | 405) | 2,754) | 2,742) | 2,743) | 2,755) | 19) | 2,023) | 2,046) | 2,047) | 2,106) | 133) | 79) | 74) | 10) | 10) | |||||||
| Long-term debt, excluding current portion | 28,097) | 31,531) | 28,216) | 28,112) | 29,832) | 29,803) | 30,770) | 30,998) | 31,380) | 28,561) | 28,333) | 28,299) | 29,979) | 29,748) | 29,713) | 29,980) | 30,002) | 25,167) | 25,151) | 25,250) | 13,626) | 13,616) | |||||||
| Total debt | 28,860) | 32,779) | 29,244) | 30,672) | 31,131) | 31,110) | 31,168) | 32,376) | 34,168) | 32,304) | 31,536) | 31,509) | 31,088) | 32,680) | 32,404) | 32,680) | 32,753) | 25,300) | 25,234) | 25,324) | 13,638) | 13,627) | |||||||
| Total assets | 98,306) | 104,073) | 101,450) | 102,822) | 103,201) | 103,562) | 103,461) | 119,730) | 121,896) | 120,787) | 120,232) | 120,051) | 119,416) | 120,802) | 120,480) | 121,080) | 121,684) | 123,273) | 122,973) | 121,792) | 36,062) | 36,293) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Debt to assets1 | 0.29 | 0.31 | 0.29 | 0.30 | 0.30 | 0.30 | 0.30 | 0.27 | 0.28 | 0.27 | 0.26 | 0.26 | 0.26 | 0.27 | 0.27 | 0.27 | 0.27 | 0.21 | 0.21 | 0.21 | 0.38 | 0.38 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||
| Altria Group Inc. | 0.58 | 0.57 | 0.57 | 0.53 | 0.51 | 0.49 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | 0.55 | 0.54 | 0.50 | 0.49 | 0.50 | 0.50 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | 0.31 | 0.31 | 0.29 | 0.31 | 0.30 | 0.30 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | 0.50 | 0.48 | 0.41 | 0.42 | 0.42 | 0.42 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 28,860 ÷ 98,306 = 0.29
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Kraft Heinz Co. debt to assets ratio deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
Financial Leverage
Kraft Heinz Co., financial leverage calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Total assets | 98,306) | 104,073) | 101,450) | 102,822) | 103,201) | 103,562) | 103,461) | 119,730) | 121,896) | 120,787) | 120,232) | 120,051) | 119,416) | 120,802) | 120,480) | 121,080) | 121,684) | 123,273) | 122,973) | 121,792) | 36,062) | 36,293) | |||||||
| Shareholders’ equity | 49,040) | 51,009) | 51,623) | 51,673) | 51,543) | 51,703) | 51,657) | 65,385) | 65,677) | 66,248) | 66,034) | 58,759) | 58,333) | 57,732) | 57,358) | 57,642) | 57,826) | 58,043) | 57,685) | 58,811) | 6,739) | 6,810) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Financial leverage1 | 2.00 | 2.04 | 1.97 | 1.99 | 2.00 | 2.00 | 2.00 | 1.83 | 1.86 | 1.82 | 1.82 | 2.04 | 2.05 | 2.09 | 2.10 | 2.10 | 2.10 | 2.12 | 2.13 | 2.07 | 5.35 | 5.33 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||
| Altria Group Inc. | 8.83 | 8.04 | 7.92 | 5.02 | 3.98 | 4.21 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Coca-Cola Co. | 5.42 | 5.18 | 4.55 | 4.67 | 4.95 | 4.98 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Mondelēz International Inc. | 2.47 | 2.48 | 2.37 | 2.38 | 2.44 | 2.48 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| PepsiCo Inc. | 7.17 | 6.32 | 5.31 | 5.48 | 5.38 | 5.31 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Financial leverage = Total assets ÷ Shareholders’ equity
= 98,306 ÷ 49,040 = 2.00
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Kraft Heinz Co. financial leverage ratio increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020. |
Interest Coverage
Kraft Heinz Co., interest coverage calculation (quarterly data)
| Jun 27, 2020 | Mar 28, 2020 | Dec 28, 2019 | Sep 28, 2019 | Jun 29, 2019 | Mar 30, 2019 | Dec 29, 2018 | Sep 29, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 30, 2017 | Sep 30, 2017 | Jul 1, 2017 | Apr 1, 2017 | Dec 31, 2016 | Oct 2, 2016 | Jul 3, 2016 | Apr 3, 2016 | Dec 31, 2015 | Sep 27, 2015 | Jun 28, 2015 | Mar 29, 2015 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||
| Net income (loss) attributable to Kraft Heinz | (1,651) | 378) | 182) | 899) | 449) | 405) | (12,568) | 619) | 754) | 1,003) | 8,003) | 944) | 1,159) | 893) | 944) | 842) | 950) | 896) | 645) | (123) | (164) | 276) | |||||||
| Add: Net income attributable to noncontrolling interest | (1) | 3) | 1) | (1) | (1) | (1) | (60) | (1) | (1) | —) | (7) | (1) | 1) | (2) | —) | 1) | 5) | 4) | 3) | 3) | 4) | 3) | |||||||
| Add: Income tax expense | (51) | 160) | 144) | 264) | 103) | 217) | (1,846) | 201) | 308) | 270) | (6,665) | 416) | 430) | 359) | 336) | 262) | 411) | 372) | 382) | (49) | (35) | 68) | |||||||
| Add: Interest expense | 442) | 310) | 326) | 398) | 316) | 321) | 325) | 326) | 316) | 317) | 308) | 306) | 307) | 313) | 310) | 311) | 264) | 249) | 266) | 460) | 394) | 201) | |||||||
| Earnings before interest and tax (EBIT) | (1,261) | 851) | 653) | 1,560) | 867) | 942) | (14,149) | 1,145) | 1,377) | 1,590) | 1,639) | 1,665) | 1,897) | 1,563) | 1,590) | 1,416) | 1,630) | 1,521) | 1,296) | 291) | 199) | 548) | |||||||
| Solvency Ratio | |||||||||||||||||||||||||||||
| Interest coverage1 | 1.22 | 2.91 | 2.96 | -7.93 | -8.69 | -8.30 | -7.82 | 4.54 | 5.03 | 5.49 | 5.48 | 5.43 | 5.21 | 5.17 | 5.43 | 5.38 | 3.82 | 2.42 | 1.77 | — | — | — | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||
| Coca-Cola Co. | 12.50 | 13.94 | 12.40 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30), 10-K (reporting date: 2018-12-29), 10-Q (reporting date: 2018-09-29), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-30), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-07-01), 10-Q (reporting date: 2017-04-01), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-10-02), 10-Q (reporting date: 2016-07-03), 10-Q (reporting date: 2016-04-03), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-27), 10-Q (reporting date: 2015-06-28), S-4/A (reporting date: 2015-03-29).
1 Q2 2020 Calculation
Interest coverage
= (EBITQ2 2020
+ EBITQ1 2020
+ EBITQ4 2019
+ EBITQ3 2019)
÷ (Interest expenseQ2 2020
+ Interest expenseQ1 2020
+ Interest expenseQ4 2019
+ Interest expenseQ3 2019)
= (-1,261 + 851 + 653 + 1,560)
÷ (442 + 310 + 326 + 398)
= 1.22
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Kraft Heinz Co. interest coverage ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |