Analysis of Debt
Paying user area
Try for free
Mondelēz International Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Mondelēz International Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Total Debt (Carrying Amount)
Mondelēz International Inc., balance sheet: debt
US$ in millions
| Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Short-term borrowings | ||||||
| Current portion of long-term debt | ||||||
| Long-term debt, excluding current portion | ||||||
| Total debt (carrying amount) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
Total debt exhibited fluctuations over the five-year period. Initially, an increase was observed, followed by a decline, and then a subsequent rise again. A detailed examination of the components reveals the drivers behind these changes.
- Short-Term Borrowings
- Short-term borrowings demonstrated significant volatility. A substantial increase occurred between 2021 and 2022, rising from US$216 million to US$2,299 million. This was followed by a considerable decrease to US$420 million in 2023, a further reduction to US$71 million in 2024, and then a sharp increase to US$2,688 million in 2025. This suggests a reliance on short-term financing that varies considerably year to year.
- Current Portion of Long-Term Debt
- The current portion of long-term debt generally decreased from 2021 to 2024, moving from US$1,746 million to US$2,014 million, with a dip in 2022 to US$383 million. A decrease was then observed in 2025, falling to US$1,295 million. This indicates a shifting pattern in the maturity schedule of the company’s long-term obligations.
- Long-Term Debt (Excluding Current Portion)
- Long-term debt, excluding the current portion, increased from US$17,550 million in 2021 to US$20,251 million in 2022. A subsequent decline was noted in 2023, reaching US$16,887 million, and continued in 2024 to US$15,664 million. However, an increase was observed in 2025, rising to US$17,222 million. This component represents the largest portion of the overall debt structure and shows a moderate degree of fluctuation.
- Total Debt
- Total debt increased from US$19,512 million in 2021 to US$22,933 million in 2022. A decrease followed in 2023 to US$19,408 million, and continued in 2024 to US$17,749 million, representing the lowest level during the observed period. However, total debt increased significantly in 2025, reaching US$21,205 million. The fluctuations in total debt are largely influenced by the changes in short-term borrowings and long-term debt.
The company’s debt profile demonstrates a dynamic approach to financing, with notable shifts in the utilization of short-term versus long-term debt. The increase in total debt in 2025 warrants further investigation to understand the underlying reasons and potential implications for financial leverage.
Total Debt (Fair Value)
| Dec 31, 2025 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Total debt (fair value) | |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | |
Based on: 10-K (reporting date: 2025-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt:
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| Total | |||
Based on: 10-K (reporting date: 2025-12-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × ÷ =