Molson Coors Beverage Balance Sheet Health
Financial Health criteria checks 3/6
Molson Coors Beverage has a total shareholder equity of $13.4B and total debt of $6.2B, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are $26.1B and $12.7B respectively. Molson Coors Beverage's EBIT is $1.8B making its interest coverage ratio 8.9. It has cash and short-term investments of $458.4M.
Key information
46.1%
Debt to equity ratio
US$6.16b
Debt
Interest coverage ratio | 8.9x |
Cash | US$458.40m |
Equity | US$13.36b |
Total liabilities | US$12.71b |
Total assets | US$26.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M1CB34's short term assets ($2.7B) do not cover its short term liabilities ($3.9B).
Long Term Liabilities: M1CB34's short term assets ($2.7B) do not cover its long term liabilities ($8.9B).
Debt to Equity History and Analysis
Debt Level: M1CB34's net debt to equity ratio (42.7%) is considered high.
Reducing Debt: M1CB34's debt to equity ratio has reduced from 72.6% to 46.1% over the past 5 years.
Debt Coverage: M1CB34's debt is well covered by operating cash flow (34.1%).
Interest Coverage: M1CB34's interest payments on its debt are well covered by EBIT (8.9x coverage).