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 $6.5B, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are $26.7B and $13.3B respectively. Molson Coors Beverage's EBIT is $979.6M making its interest coverage ratio 4. It has cash and short-term investments of $525.2M.
Key information
48.7%
Debt to equity ratio
US$6.53b
Debt
Interest coverage ratio | 4x |
Cash | US$525.20m |
Equity | US$13.40b |
Total liabilities | US$13.31b |
Total assets | US$26.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NY7's short term assets ($2.7B) do not cover its short term liabilities ($3.6B).
Long Term Liabilities: NY7's short term assets ($2.7B) do not cover its long term liabilities ($9.7B).
Debt to Equity History and Analysis
Debt Level: NY7's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: NY7's debt to equity ratio has reduced from 96.9% to 48.7% over the past 5 years.
Debt Coverage: NY7's debt is well covered by operating cash flow (21.8%).
Interest Coverage: NY7's interest payments on its debt are well covered by EBIT (4x coverage).