Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Based on: 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).
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Mondelēz International Inc. debt to equity ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Mondelēz International Inc. debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Mondelēz International Inc. debt to capital ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Mondelēz International Inc. debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Mondelēz International Inc. debt to assets ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Mondelēz International Inc. debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Mondelēz International Inc. financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level. |
Solvency ratio | Description | The company |
---|---|---|
Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Mondelēz International Inc. interest coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |
Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Mondelēz International Inc. fixed charge coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |
Debt to Equity
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Short-term borrowings | 216 | 29 | 2,638 | 3,192 | 3,517 | |
Current portion of long-term debt | 1,746 | 2,741 | 1,581 | 2,648 | 1,163 | |
Long-term debt, excluding current portion | 17,550 | 17,276 | 14,207 | 12,532 | 12,972 | |
Total debt | 19,512 | 20,046 | 18,426 | 18,372 | 17,652 | |
Total Mondelēz International shareholders’ equity | 28,269 | 27,578 | 27,275 | 25,637 | 26,111 | |
Solvency Ratio | ||||||
Debt to equity1 | 0.69 | 0.73 | 0.68 | 0.72 | 0.68 | |
Benchmarks | ||||||
Debt to Equity, Competitors2 | ||||||
Altria Group Inc. | — | 10.38 | 4.51 | 1.74 | 0.90 | |
Coca-Cola Co. | 1.86 | 2.22 | 2.25 | 2.56 | 2.79 | |
PepsiCo Inc. | 2.51 | 3.28 | 2.17 | 2.23 | 3.61 | |
Philip Morris International Inc. | — | — | — | — | — | |
Debt to Equity, Sector | ||||||
Food, Beverage & Tobacco | 2.85 | 3.32 | 2.74 | 2.55 | 2.66 | |
Debt to Equity, Industry | ||||||
Consumer Staples | 1.24 | 1.40 | 1.30 | 1.17 | 1.18 |
Based on: 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).
1 2021 Calculation
Debt to equity = Total debt ÷ Total Mondelēz International shareholders’ equity
= 19,512 ÷ 28,269 = 0.69
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. | Mondelēz International Inc. debt to equity ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to Equity (including Operating Lease Liability)
Mondelēz International Inc., debt to equity (including operating lease liability) calculation, comparison to benchmarks
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Short-term borrowings | 216 | 29 | 2,638 | 3,192 | 3,517 | |
Current portion of long-term debt | 1,746 | 2,741 | 1,581 | 2,648 | 1,163 | |
Long-term debt, excluding current portion | 17,550 | 17,276 | 14,207 | 12,532 | 12,972 | |
Total debt | 19,512 | 20,046 | 18,426 | 18,372 | 17,652 | |
Current operating lease liabilities (included in Other current liabilities) | 174 | 190 | 178 | — | — | |
Long-term operating lease liabilities | 459 | 470 | 403 | — | — | |
Total debt (including operating lease liability) | 20,145 | 20,706 | 19,007 | 18,372 | 17,652 | |
Total Mondelēz International shareholders’ equity | 28,269 | 27,578 | 27,275 | 25,637 | 26,111 | |
Solvency Ratio | ||||||
Debt to equity (including operating lease liability)1 | 0.71 | 0.75 | 0.70 | 0.72 | 0.68 | |
Benchmarks | ||||||
Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
Coca-Cola Co. | 1.92 | 2.30 | 2.33 | 2.56 | 2.79 | |
PepsiCo Inc. | 2.64 | 3.41 | 2.27 | 2.23 | 3.61 | |
Philip Morris International Inc. | — | — | — | — | — | |
Debt to Equity (including Operating Lease Liability), Sector | ||||||
Food, Beverage & Tobacco | 2.93 | 3.41 | 2.81 | 2.55 | 2.66 | |
Debt to Equity (including Operating Lease Liability), Industry | ||||||
Consumer Staples | 1.35 | 1.54 | 1.32 | 1.17 | 1.18 |
Based on: 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).
1 2021 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Mondelēz International shareholders’ equity
= 20,145 ÷ 28,269 = 0.71
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to equity ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Mondelēz International Inc. debt to equity ratio (including operating lease liability) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to Capital
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Short-term borrowings | 216 | 29 | 2,638 | 3,192 | 3,517 | |
Current portion of long-term debt | 1,746 | 2,741 | 1,581 | 2,648 | 1,163 | |
Long-term debt, excluding current portion | 17,550 | 17,276 | 14,207 | 12,532 | 12,972 | |
Total debt | 19,512 | 20,046 | 18,426 | 18,372 | 17,652 | |
Total Mondelēz International shareholders’ equity | 28,269 | 27,578 | 27,275 | 25,637 | 26,111 | |
Total capital | 47,781 | 47,624 | 45,701 | 44,009 | 43,763 | |
Solvency Ratio | ||||||
Debt to capital1 | 0.41 | 0.42 | 0.40 | 0.42 | 0.40 | |
Benchmarks | ||||||
Debt to Capital, Competitors2 | ||||||
Altria Group Inc. | 1.06 | 0.91 | 0.82 | 0.64 | 0.47 | |
Coca-Cola Co. | 0.65 | 0.69 | 0.69 | 0.72 | 0.74 | |
PepsiCo Inc. | 0.72 | 0.77 | 0.68 | 0.69 | 0.78 | |
Philip Morris International Inc. | 1.57 | 1.66 | 1.59 | 1.65 | 1.54 | |
Debt to Capital, Sector | ||||||
Food, Beverage & Tobacco | 0.74 | 0.77 | 0.73 | 0.72 | 0.73 | |
Debt to Capital, Industry | ||||||
Consumer Staples | 0.55 | 0.58 | 0.57 | 0.54 | 0.54 |
Based on: 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).
1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 19,512 ÷ 47,781 = 0.41
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. | Mondelēz International Inc. debt to capital ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to Capital (including Operating Lease Liability)
Mondelēz International Inc., debt to capital (including operating lease liability) calculation, comparison to benchmarks
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Short-term borrowings | 216 | 29 | 2,638 | 3,192 | 3,517 | |
Current portion of long-term debt | 1,746 | 2,741 | 1,581 | 2,648 | 1,163 | |
Long-term debt, excluding current portion | 17,550 | 17,276 | 14,207 | 12,532 | 12,972 | |
Total debt | 19,512 | 20,046 | 18,426 | 18,372 | 17,652 | |
Current operating lease liabilities (included in Other current liabilities) | 174 | 190 | 178 | — | — | |
Long-term operating lease liabilities | 459 | 470 | 403 | — | — | |
Total debt (including operating lease liability) | 20,145 | 20,706 | 19,007 | 18,372 | 17,652 | |
Total Mondelēz International shareholders’ equity | 28,269 | 27,578 | 27,275 | 25,637 | 26,111 | |
Total capital (including operating lease liability) | 48,414 | 48,284 | 46,282 | 44,009 | 43,763 | |
Solvency Ratio | ||||||
Debt to capital (including operating lease liability)1 | 0.42 | 0.43 | 0.41 | 0.42 | 0.40 | |
Benchmarks | ||||||
Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
Coca-Cola Co. | 0.66 | 0.70 | 0.70 | 0.72 | 0.74 | |
PepsiCo Inc. | 0.73 | 0.77 | 0.69 | 0.69 | 0.78 | |
Philip Morris International Inc. | 1.55 | 1.64 | 1.57 | 1.65 | 1.54 | |
Debt to Capital (including Operating Lease Liability), Sector | ||||||
Food, Beverage & Tobacco | 0.75 | 0.77 | 0.74 | 0.72 | 0.73 | |
Debt to Capital (including Operating Lease Liability), Industry | ||||||
Consumer Staples | 0.57 | 0.61 | 0.57 | 0.54 | 0.54 |
Based on: 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).
1 2021 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 20,145 ÷ 48,414 = 0.42
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Mondelēz International Inc. debt to capital ratio (including operating lease liability) deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level. |
Debt to Assets
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Short-term borrowings | 216 | 29 | 2,638 | 3,192 | 3,517 | |
Current portion of long-term debt | 1,746 | 2,741 | 1,581 | 2,648 | 1,163 | |
Long-term debt, excluding current portion | 17,550 | 17,276 | 14,207 | 12,532 | 12,972 | |
Total debt | 19,512 | 20,046 | 18,426 | 18,372 | 17,652 | |
Total assets | 67,092 | 67,810 | 64,549 | 62,729 | 63,109 | |
Solvency Ratio | ||||||
Debt to assets1 | 0.29 | 0.30 | 0.29 | 0.29 | 0.28 | |
Benchmarks | ||||||
Debt to Assets, Competitors2 | ||||||
Altria Group Inc. | 0.71 | 0.62 | 0.57 | 0.46 | 0.32 | |
Coca-Cola Co. | 0.45 | 0.49 | 0.50 | 0.52 | 0.54 | |
PepsiCo Inc. | 0.44 | 0.48 | 0.41 | 0.42 | 0.49 | |
Philip Morris International Inc. | 0.67 | 0.70 | 0.72 | 0.80 | 0.80 | |
Debt to Assets, Sector | ||||||
Food, Beverage & Tobacco | 0.47 | 0.49 | 0.47 | 0.48 | 0.48 | |
Debt to Assets, Industry | ||||||
Consumer Staples | 0.32 | 0.35 | 0.35 | 0.35 | 0.35 |
Based on: 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).
1 2021 Calculation
Debt to assets = Total debt ÷ Total assets
= 19,512 ÷ 67,092 = 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. | Mondelēz International Inc. debt to assets ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Debt to Assets (including Operating Lease Liability)
Mondelēz International Inc., debt to assets (including operating lease liability) calculation, comparison to benchmarks
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Short-term borrowings | 216 | 29 | 2,638 | 3,192 | 3,517 | |
Current portion of long-term debt | 1,746 | 2,741 | 1,581 | 2,648 | 1,163 | |
Long-term debt, excluding current portion | 17,550 | 17,276 | 14,207 | 12,532 | 12,972 | |
Total debt | 19,512 | 20,046 | 18,426 | 18,372 | 17,652 | |
Current operating lease liabilities (included in Other current liabilities) | 174 | 190 | 178 | — | — | |
Long-term operating lease liabilities | 459 | 470 | 403 | — | — | |
Total debt (including operating lease liability) | 20,145 | 20,706 | 19,007 | 18,372 | 17,652 | |
Total assets | 67,092 | 67,810 | 64,549 | 62,729 | 63,109 | |
Solvency Ratio | ||||||
Debt to assets (including operating lease liability)1 | 0.30 | 0.31 | 0.29 | 0.29 | 0.28 | |
Benchmarks | ||||||
Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
Coca-Cola Co. | 0.47 | 0.51 | 0.51 | 0.52 | 0.54 | |
PepsiCo Inc. | 0.46 | 0.49 | 0.43 | 0.42 | 0.49 | |
Philip Morris International Inc. | 0.69 | 0.72 | 0.74 | 0.80 | 0.80 | |
Debt to Assets (including Operating Lease Liability), Sector | ||||||
Food, Beverage & Tobacco | 0.49 | 0.51 | 0.49 | 0.48 | 0.48 | |
Debt to Assets (including Operating Lease Liability), Industry | ||||||
Consumer Staples | 0.35 | 0.39 | 0.36 | 0.35 | 0.35 |
Based on: 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).
1 2021 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 20,145 ÷ 67,092 = 0.30
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Mondelēz International Inc. debt to assets ratio (including operating lease liability) deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021. |
Financial Leverage
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Total assets | 67,092 | 67,810 | 64,549 | 62,729 | 63,109 | |
Total Mondelēz International shareholders’ equity | 28,269 | 27,578 | 27,275 | 25,637 | 26,111 | |
Solvency Ratio | ||||||
Financial leverage1 | 2.37 | 2.46 | 2.37 | 2.45 | 2.42 | |
Benchmarks | ||||||
Financial Leverage, Competitors2 | ||||||
Altria Group Inc. | — | 16.70 | 7.92 | 3.76 | 2.81 | |
Coca-Cola Co. | 4.10 | 4.52 | 4.55 | 4.90 | 5.15 | |
PepsiCo Inc. | 5.76 | 6.91 | 5.31 | 5.35 | 7.33 | |
Philip Morris International Inc. | — | — | — | — | — | |
Financial Leverage, Sector | ||||||
Food, Beverage & Tobacco | 6.02 | 6.72 | 5.78 | 5.37 | 5.53 | |
Financial Leverage, Industry | ||||||
Consumer Staples | 3.82 | 3.96 | 3.68 | 3.37 | 3.34 |
Based on: 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).
1 2021 Calculation
Financial leverage = Total assets ÷ Total Mondelēz International shareholders’ equity
= 67,092 ÷ 28,269 = 2.37
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. | Mondelēz International Inc. financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level. |
Interest Coverage
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Net earnings attributable to Mondelēz International | 4,300 | 3,555 | 3,870 | 3,381 | 2,922 | |
Add: Net income attributable to noncontrolling interest | 14 | 14 | 15 | 14 | 14 | |
Add: Income tax expense | 1,190 | 1,224 | 2 | 773 | 688 | |
Add: Interest expense, debt | 365 | 423 | 484 | 462 | 396 | |
Earnings before interest and tax (EBIT) | 5,869 | 5,216 | 4,371 | 4,630 | 4,020 | |
Solvency Ratio | ||||||
Interest coverage1 | 16.08 | 12.33 | 9.03 | 10.02 | 10.15 | |
Benchmarks | ||||||
Interest Coverage, Competitors2 | ||||||
Altria Group Inc. | 4.22 | 6.63 | 1.58 | 14.40 | 14.52 | |
Coca-Cola Co. | 8.78 | 7.78 | 12.40 | 10.09 | 9.02 | |
PepsiCo Inc. | 5.94 | 8.24 | 9.20 | 7.03 | 9.34 | |
Philip Morris International Inc. | 17.80 | 16.07 | 13.59 | 13.55 | 10.72 | |
Interest Coverage, Sector | ||||||
Food, Beverage & Tobacco | 8.48 | 9.19 | 8.43 | 10.37 | 10.60 | |
Interest Coverage, Industry | ||||||
Consumer Staples | 11.02 | 10.99 | 8.42 | 11.02 | 11.90 |
Based on: 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).
1 2021 Calculation
Interest coverage = EBIT ÷ Interest expense
= 5,869 ÷ 365 = 16.08
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. | Mondelēz International Inc. interest coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |
Fixed Charge Coverage
Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Net earnings attributable to Mondelēz International | 4,300 | 3,555 | 3,870 | 3,381 | 2,922 | |
Add: Net income attributable to noncontrolling interest | 14 | 14 | 15 | 14 | 14 | |
Add: Income tax expense | 1,190 | 1,224 | 2 | 773 | 688 | |
Add: Interest expense, debt | 365 | 423 | 484 | 462 | 396 | |
Earnings before interest and tax (EBIT) | 5,869 | 5,216 | 4,371 | 4,630 | 4,020 | |
Add: Operating lease cost | 228 | 236 | 222 | 260 | 284 | |
Earnings before fixed charges and tax | 6,097 | 5,452 | 4,593 | 4,890 | 4,304 | |
Interest expense, debt | 365 | 423 | 484 | 462 | 396 | |
Operating lease cost | 228 | 236 | 222 | 260 | 284 | |
Fixed charges | 593 | 659 | 706 | 722 | 680 | |
Solvency Ratio | ||||||
Fixed charge coverage1 | 10.28 | 8.27 | 6.51 | 6.77 | 6.33 | |
Benchmarks | ||||||
Fixed Charge Coverage, Competitors2 | ||||||
Coca-Cola Co. | 7.41 | 6.45 | 9.47 | 10.09 | 9.02 | |
PepsiCo Inc. | 4.85 | 6.06 | 6.79 | 5.00 | 6.05 | |
Philip Morris International Inc. | 13.43 | 11.50 | 9.88 | 10.20 | 8.56 | |
Fixed Charge Coverage, Sector | ||||||
Food, Beverage & Tobacco | 7.05 | 7.37 | 6.76 | 8.20 | 8.28 | |
Fixed Charge Coverage, Industry | ||||||
Consumer Staples | 7.39 | 7.18 | 5.37 | 6.88 | 7.66 |
Based on: 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).
1 2021 Calculation
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 6,097 ÷ 593 = 10.28
2 Click competitor name to see calculations.
Solvency ratio | Description | The company |
---|---|---|
Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | Mondelēz International Inc. fixed charge coverage ratio improved from 2019 to 2020 and from 2020 to 2021. |