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 $7.2B, which brings its debt-to-equity ratio to 53.4%. Its total assets and total liabilities are $27.4B and $14.0B respectively. Molson Coors Beverage's EBIT is $1.9B making its interest coverage ratio 9.7. It has cash and short-term investments of $1.6B.
Key information
53.4%
Debt to equity ratio
US$7.16b
Debt
| Interest coverage ratio | 9.7x |
| Cash | US$1.65b |
| Equity | US$13.42b |
| Total liabilities | US$13.98b |
| Total assets | US$27.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TAP1 *'s short term assets ($4.0B) do not cover its short term liabilities ($4.2B).
Long Term Liabilities: TAP1 *'s short term assets ($4.0B) do not cover its long term liabilities ($9.7B).
Debt to Equity History and Analysis
Debt Level: TAP1 *'s net debt to equity ratio (41.1%) is considered high.
Reducing Debt: TAP1 *'s debt to equity ratio has reduced from 67.6% to 53.4% over the past 5 years.
Debt Coverage: TAP1 *'s debt is well covered by operating cash flow (29%).
Interest Coverage: TAP1 *'s interest payments on its debt are well covered by EBIT (9.7x coverage).