Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

$24.99

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Mondelēz International Inc., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The financial data reveals several key trends regarding the company's debt levels, equity base, and leverage ratios over a nearly two-decade span ending in 2024.

Total Debt

Total debt exhibited notable volatility throughout the period. From 2005 to 2007, debt approximately doubled, rising sharply from about $10.5 billion to over $21 billion. Subsequently, debt decreased significantly by 2012, reaching levels close to $19.4 billion. The following years up to 2016 show a mixed pattern with moderate fluctuations but generally staying below $18.0 billion. From 2017 onward, debt levels oscillated again, peaking near $23 billion in 2022 before declining to approximately $17.7 billion in 2024. This suggests periods of increased borrowing followed by debt reduction efforts or potential divestments or financing changes.

Total Shareholders’ Equity

Shareholders’ equity trended downward initially, dropping from nearly $29.6 billion in 2005 to a low of approximately $22.2 billion in 2008, indicating possible losses or dividend distributions exceeding earnings. After 2008, equity rebounded, mostly maintaining a range between $25 billion and $36 billion. Peaks around $35.8 billion in 2010 and $32.4 billion in 2013 suggest periods of retained earnings growth or capital increases. From 2014 through 2024, equity showed relative stability with some fluctuations, ending near $26.9 billion in 2024, slightly below the initial 2005 values but above the lowest points in the late 2000s.

Debt to Equity Ratio

The debt to equity ratio demonstrates shifts in financial leverage. Starting at a modest 0.36 in 2005 and 2006, the ratio surged to 0.91 by 2008, reflecting the rapid debt increase and/or decline in equity during that period. Post-2008, the ratio decreased, stabilizing mostly between 0.53 and 0.76 through the early 2010s, indicating a conservative leverage posture. From 2017 onwards, the ratio became somewhat more volatile, ranging between 0.66 and 0.85. Peaks in leverage around 2018 and especially 2022 correspond with the increases in debt, while declines in these years match reductions in total debt or recoveries in equity.

Overall, the data points to cyclical financing behavior with phases of elevated borrowing followed by deleveraging. Equity fluctuations suggest impacts from business performance and capital management decisions over time. The company maintained moderate leverage with the debt to equity ratio staying below 1.0 across all periods, consistent with a moderately conservative capital structure. Recent years reveal some increased leverage volatility, potentially reflecting strategic financing initiatives or market conditions impacting capitalization decisions.


Comparison to Competitors

Mondelēz International Inc., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Food, Beverage & Tobacco)

Mondelēz International Inc., debt to equity, long-term trends, comparison to sector (food, beverage & tobacco)

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Consumer Staples)

Mondelēz International Inc., debt to equity, long-term trends, comparison to industry (consumer staples)

Microsoft Excel

Based on: 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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).