Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
McDonald’s Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Short-term borrowings and current maturities of long-term debt
- The percentage fluctuates over time with notable spikes in mid-2020, reaching up to 8.18%, followed by a general decline and intermittent increases in 2024, indicating varying short-term debt levels relative to total liabilities and equity.
- Accounts payable
- Accounts payable remain relatively stable, mostly between 1.3% and 1.9%, with a slight upward trend toward late 2021 and again in 2023-2024, suggesting incremental growth in amounts payable.
- Dividends payable
- Data is sparse; observed values indicate a small presence around late 2021 and early 2024, pointing to occasional accumulated dividends payables.
- Current lease liability
- This item remains steady around 1.2% to 1.4% throughout the periods, showing consistent short-term lease obligations relative to total liabilities and equity.
- Income taxes
- Income tax liabilities show significant volatility, peaking notably at 1.53% in early 2023 and exhibiting sharp declines towards mid-2024, which may reflect changing tax liabilities or timing differences in recognition.
- Other taxes
- Other taxes maintain a narrow range between approximately 0.4% and 0.53%, indicating stable other tax obligations over time.
- Accrued interest
- Accrued interest consistently ranges around 0.6% to 0.8%, with minor fluctuations indicating steady interest expenses accrued on liabilities.
- Accrued payroll and other liabilities
- This component exhibits variability with peaks above 3% during late 2020, dips during 2022, and generally stabilizes around 2.1% to 2.6%, reflecting changes in accrued operational expenses and payroll liabilities.
- Current liabilities
- Current liabilities as a whole display fluctuations, with a high of 14.51% in mid-2020 and generally lower levels around 7% to 12% in subsequent periods, implying varying short-term obligations possibly impacted by operational cycles or debt management.
- Long-term debt, excluding current maturities
- Long-term debt remains the largest component, consistently representing about 65% to 72% of total liabilities and equity, denoting a stable but dominant long-term financing structure.
- Long-term lease liability
- Long-term lease liability hovers around 22% to 26%, with a slight declining trend in later periods, suggesting a gradual decrease in long-term lease obligations relative to total liabilities and equity.
- Long-term income taxes
- There is a noticeable downward trend in long-term income tax liabilities from over 4% in early 2020 down to below 0.5% in late 2024 and beyond, potentially reflecting tax payments or reclassifications.
- Deferred revenues, initial franchise fees
- This item stays relatively stable near 1.3% to 1.6%, indicating consistent deferred revenue balances related to franchise fees over the periods.
- Other long-term liabilities
- Other long-term liabilities experience a moderate decline from roughly 2% in 2020 to about 1.3% during 2025, showing a slow reduction in miscellaneous long-term obligations.
- Deferred income taxes
- Deferred income taxes show variability, starting near 3.2% to 3.8%, rising in the mid-2022 period then declining below 2.5% by late 2024, denoting changes in deferred tax positions over time.
- Long-term liabilities (aggregate)
- The aggregate long-term liabilities account for approximately 96% to 110% of total liabilities and equity, with a general modest downward trend over the years, indicating stable but slightly decreasing long-term obligations relative to the company’s capitalization.
- Total liabilities
- Total liabilities fluctuate between roughly 104% and 119%, demonstrating a consistently high liability level exceeding 100% when considered alongside shareholders’ equity, which is negative, indicating a deficit.
- Common stock and Additional paid-in capital
- Common stock remains nearly constant at 0.03%, while additional paid-in capital gradually increases from around 15.2% in early 2020 to peaks above 17% during 2022 and 2023 before falling back near 16% in 2025, signaling modest growth and some revaluation of capital contributions.
- Retained earnings
- Retained earnings constitute a significant positive component ranging from about 102% to 121%, with fluctuations that show some volatility but generally maintaining a strong positive contribution to equity.
- Accumulated other comprehensive loss
- This element shows an improving trend with the losses decreasing from about -5.9% to around -4.1%, reflecting a reduction in negative comprehensive income effects over the reporting periods.
- Common stock in treasury
- Treasury stock values consistently represent a large negative portion, approximately -127% to -146%, displaying significant repurchases or holdings of treasury shares, which notably offset shareholders’ equity.
- Shareholders’ equity (deficit)
- The shareholders’ equity remains negative throughout all periods, improving slightly from about -18% to -4.6%, indicating a persistent deficit but showing gradual improvement over time.