Debt to Equity
since 2005
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Constellation Brands Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Calculation
Constellation Brands Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total borrowings1 | ÷ | Total CBI stockholders’ equity1 | |
|---|---|---|---|---|---|
| Feb 28, 2022 | = | ÷ | |||
| Feb 28, 2021 | = | ÷ | |||
| Feb 29, 2020 | = | ÷ | |||
| Feb 28, 2019 | = | ÷ | |||
| Feb 28, 2018 | = | ÷ | |||
| Feb 28, 2017 | = | ÷ | |||
| Feb 29, 2016 | = | ÷ | |||
| Feb 28, 2015 | = | ÷ | |||
| Feb 28, 2014 | = | ÷ | |||
| Feb 28, 2013 | = | ÷ | |||
| Feb 29, 2012 | = | ÷ | |||
| Feb 28, 2011 | = | ÷ | |||
| Feb 28, 2010 | = | ÷ | |||
| Feb 28, 2009 | = | ÷ | |||
| Feb 29, 2008 | = | ÷ | |||
| Feb 28, 2007 | = | ÷ | |||
| Feb 28, 2006 | = | ÷ | |||
| Feb 28, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
1 US$ in thousands
- Total borrowings
-
Total borrowings exhibited notable fluctuations over the period analyzed. Starting at approximately 3.29 billion USD in early 2005, borrowings decreased to about 2.81 billion USD in 2006, followed by a sharp increase to over 5.25 billion USD by 2008. A subsequent decline occurred through 2012, reaching roughly 3.13 billion USD. From 2013 onward, a marked upward trend is evident, peaking at approximately 13.6 billion USD in 2019. The following years saw a reduction, with borrowings settling slightly above 10.4 billion USD by 2022. Overall, the data indicates cycles of borrowing expansion and contraction, with an especially strong borrowing increase post-2012 until 2019, then a partial retrenchment.
- Total CBI stockholders’ equity
-
Stockholders’ equity showed a generally positive trend despite some volatility. Beginning near 2.78 billion USD in 2005, equity increased to around 3.42 billion USD in 2007 before declining sharply to below 1.91 billion USD in 2009. Recovery ensued from 2010, with equity reaching 2.58 billion USD, stabilizing in the 2.5 to 2.8 billion range until 2013. Afterward, a substantial and consistent increase is observed, culminating in a peak of approximately 12.55 billion USD in 2019. Equity then fluctuated moderately, recorded at about 11.7 billion USD in 2022. This pattern suggests a capacity to rebuild and grow equity notably after the financial downturn around 2009, with significant strengthening in the latter years.
- Debt to equity ratio
-
The debt to equity ratio reflected significant shifts in financial leverage. Initial values were moderately high at 1.18 in 2005, declining to 0.94 in 2006, then rising sharply to a peak of 2.32 in 2009, indicative of increased leverage during that period. Following 2009, the ratio generally decreased, reaching a low of 0.77 by 2021, demonstrating a reduction in relative debt levels compared to equity. A slight increase to 0.89 occurred in 2022. These changes suggest a pattern of heightened leverage during economic stress periods, with a subsequent trend towards deleveraging and improved equity position over the longer term.
Comparison to Competitors
Constellation Brands Inc., debt to equity, long-term trends, comparison to competitors
| Constellation Brands Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 28, 2022 | |||||
| Feb 28, 2021 | |||||
| Feb 29, 2020 | |||||
| Feb 28, 2019 | |||||
| Feb 28, 2018 | |||||
| Feb 28, 2017 | |||||
| Feb 29, 2016 | |||||
| Feb 28, 2015 | |||||
| Feb 28, 2014 | |||||
| Feb 28, 2013 | |||||
| Feb 29, 2012 | |||||
| Feb 28, 2011 | |||||
| Feb 28, 2010 | |||||
| Feb 28, 2009 | |||||
| Feb 29, 2008 | |||||
| Feb 28, 2007 | |||||
| Feb 28, 2006 | |||||
| Feb 28, 2005 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Sector (Food, Beverage & Tobacco)
Constellation Brands Inc., debt to equity, long-term trends, comparison to sector (food, beverage & tobacco)
| Constellation Brands Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 28, 2022 | ||
| Feb 28, 2021 | ||
| Feb 29, 2020 | ||
| Feb 28, 2019 | ||
| Feb 28, 2018 | ||
| Feb 28, 2017 | ||
| Feb 29, 2016 | ||
| Feb 28, 2015 | ||
| Feb 28, 2014 | ||
| Feb 28, 2013 | ||
| Feb 29, 2012 | ||
| Feb 28, 2011 | ||
| Feb 28, 2010 | ||
| Feb 28, 2009 | ||
| Feb 29, 2008 | ||
| Feb 28, 2007 | ||
| Feb 28, 2006 | ||
| Feb 28, 2005 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Industry (Consumer Staples)
Constellation Brands Inc., debt to equity, long-term trends, comparison to industry (consumer staples)
| Constellation Brands Inc. | Consumer Staples | |
|---|---|---|
| Feb 28, 2022 | ||
| Feb 28, 2021 | ||
| Feb 29, 2020 | ||
| Feb 28, 2019 | ||
| Feb 28, 2018 | ||
| Feb 28, 2017 | ||
| Feb 29, 2016 | ||
| Feb 28, 2015 | ||
| Feb 28, 2014 | ||
| Feb 28, 2013 | ||
| Feb 29, 2012 | ||
| Feb 28, 2011 | ||
| Feb 28, 2010 | ||
| Feb 28, 2009 | ||
| Feb 29, 2008 | ||
| Feb 28, 2007 | ||
| Feb 28, 2006 | ||
| Feb 28, 2005 |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).