Stock Analysis on Net
AI Tokens
Stock Analysis on Net

Constellation Brands Inc. (NYSE:STZ)

This company has been moved to the archive! The financial data has not been updated since January 5, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Constellation Brands Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018 May 31, 2018 Feb 28, 2018 Nov 30, 2017 Aug 31, 2017 May 31, 2017 Feb 28, 2017 Nov 30, 2016 Aug 31, 2016 May 31, 2016
Short-term borrowings 3.58 2.73 0.48 1.25 0.95 1.92 0.00 0.00 0.14 0.00 0.00 0.87 1.04 0.55 2.03 2.71 2.62 2.98 2.90 3.64 6.03 4.19 5.21 3.26 1.93 0.65 0.17
Current maturities of long-term debt 0.04 0.03 2.23 2.34 0.02 0.02 2.02 0.11 1.91 2.02 2.04 2.69 2.71 2.31 3.68 3.64 3.82 0.08 0.09 0.11 0.12 0.50 0.77 4.90 5.00 5.04 9.01
Accounts payable 4.12 3.95 3.38 3.48 3.70 3.32 3.13 1.70 2.65 2.46 1.93 2.04 2.50 2.21 2.00 2.11 3.16 3.05 2.82 2.88 3.69 3.10 2.95 3.01 4.22 3.52 3.17
Other accrued expenses and liabilities 3.40 3.63 3.07 3.37 4.13 3.37 2.72 2.88 2.68 2.74 2.72 2.86 2.83 2.90 2.45 2.36 2.45 2.87 2.81 2.84 2.77 2.98 2.58 3.34 3.25 3.20 2.96
Current liabilities 11.14% 10.35% 9.16% 10.44% 8.81% 8.63% 7.88% 4.68% 7.39% 7.22% 6.70% 8.46% 9.08% 7.97% 10.15% 10.82% 12.06% 8.97% 8.62% 9.47% 12.61% 10.76% 11.51% 14.50% 14.39% 12.41% 15.31%
Long-term debt, less current maturities 46.14 42.33 39.77 36.70 39.50 39.79 37.85 38.42 37.70 41.82 44.51 41.03 41.85 44.13 40.57 40.23 42.21 38.13 40.77 45.85 40.35 41.39 42.60 41.50 40.19 39.63 37.95
Deferred income taxes and other liabilities 7.09 7.33 6.34 6.27 6.46 6.10 6.17 5.51 5.50 5.60 5.28 4.85 4.64 5.47 6.14 5.03 4.43 5.03 4.87 5.42 7.20 6.93 6.87 6.98 7.22 7.46 7.10
Noncurrent liabilities 53.23% 49.66% 46.12% 42.97% 45.96% 45.89% 44.03% 43.93% 43.20% 47.42% 49.79% 45.88% 46.49% 49.60% 46.71% 45.26% 46.64% 43.16% 45.64% 51.28% 47.56% 48.32% 49.47% 48.49% 47.41% 47.09% 45.05%
Total liabilities 64.37% 60.01% 55.27% 53.40% 54.77% 54.52% 51.90% 48.61% 50.59% 54.64% 56.49% 54.35% 55.58% 57.57% 56.86% 56.08% 58.70% 52.13% 54.25% 60.74% 60.17% 59.08% 60.98% 62.99% 61.80% 59.51% 60.36%
Class A Stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01
Class B Stock, $0.01 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 7.70 7.66 7.06 7.00 6.98 6.50 6.18 5.92 5.72 5.87 5.83 5.54 5.43 5.27 4.89 4.83 4.91 11.89 12.27 13.76 13.97 14.36 14.56 14.81 14.77 15.10 14.94
Retained earnings 50.15 55.39 57.06 56.10 55.83 54.94 53.69 55.78 53.85 51.93 51.14 50.12 49.60 47.98 47.97 48.84 47.24 54.00 51.97 44.93 41.78 41.25 40.15 39.30 37.85 37.30 35.90
Accumulated other comprehensive loss -0.82 -1.46 -0.64 -1.60 -2.44 -1.15 -0.90 -1.24 -1.29 -3.08 -3.91 -0.97 -1.42 -1.73 -1.23 -1.21 -1.81 -1.26 -1.64 -0.99 -1.04 -0.45 -1.12 -2.15 -3.26 -2.50 -2.59
Treasury stock -22.74 -22.93 -20.03 -16.14 -16.35 -16.14 -12.17 -10.29 -10.11 -10.56 -10.75 -10.30 -10.41 -10.24 -9.60 -9.52 -9.99 -17.88 -16.91 -18.54 -14.97 -14.35 -14.63 -14.93 -11.07 -9.38 -9.42
Total CBI stockholders’ equity 34.29% 38.67% 43.46% 45.37% 44.02% 44.17% 46.81% 50.17% 48.18% 44.17% 42.32% 44.40% 43.22% 41.29% 42.05% 42.94% 40.36% 46.76% 45.71% 39.18% 39.76% 40.83% 38.98% 37.04% 38.31% 40.54% 38.84%
Noncontrolling interests 1.34 1.33 1.27 1.22 1.21 1.31 1.28 1.22 1.23 1.19 1.19 1.25 1.21 1.14 1.08 0.98 0.94 1.11 0.04 0.08 0.08 0.09 0.04 -0.03 -0.11 -0.05 0.80
Total stockholders’ equity 35.63% 39.99% 44.73% 46.60% 45.23% 45.48% 48.10% 51.39% 49.41% 45.36% 43.51% 45.65% 44.42% 42.43% 43.14% 43.92% 41.30% 47.87% 45.75% 39.26% 39.83% 40.92% 39.02% 37.01% 38.20% 40.49% 39.64%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-K (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-K (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-Q (reporting date: 2020-05-31), 10-K (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-K (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-K (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-Q (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-K (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-Q (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31).

The capital structure of the organization exhibits a cyclical shift in leverage, characterized by an initial period of stability, a mid-term move toward equity financing, and a recent return to increased liability dependence. Total liabilities fluctuated between 48.61% and 64.37% of the total capital structure, with a notable peak occurring at the end of the analyzed period in November 2022.

Liability Composition and Debt Profile
Long-term debt, excluding current maturities, represents the most significant component of the balance sheet, consistently remaining above 36%. This figure peaked at 46.14% in November 2022, indicating a heightened reliance on long-term borrowing toward the end of the period. Current liabilities showed a general downward trend from a peak of 15.31% in May 2016 to a low of 4.68% in February 2021, before rising again to 11.14% by November 2022. The volatility in current maturities of long-term debt suggests periodic refinancing activities, with sharp drops to near-zero levels followed by spikes, such as the increase to 3.82% in November 2018.
Equity Dynamics and Retained Earnings
Total stockholders' equity experienced a period of expansion, reaching a high of 51.39% in February 2021, before declining to 35.63% by November 2022. This trend was largely driven by the growth of retained earnings, which climbed from 35.90% in May 2016 to a peak of 57.06% in May 2022. However, this growth in retained earnings was partially offset by an increasing negative balance in treasury stock, which expanded from -9.42% to -22.74%, signaling an aggressive program of share repurchases over the six-year window.
Capitalization Trends
A significant adjustment in additional paid-in capital occurred between August 2018 and November 2018, where the value dropped from 11.89% to 4.91%. Following this shift, the ratio remained relatively stable. The overall trend reflects a transition from a balanced liability-equity mix toward a more equity-heavy position around early 2021, followed by a rapid shift back toward liabilities, resulting in a higher leverage ratio by the end of 2022.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?