Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Kraft Foods Group Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Kraft Foods Group Inc. debt to equity ratio deteriorated from Q3 2014 to Q4 2014 but then slightly improved from Q4 2014 to Q1 2015. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Kraft Foods Group Inc. debt to capital ratio deteriorated from Q3 2014 to Q4 2014 but then slightly improved from Q4 2014 to Q1 2015. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Kraft Foods Group Inc. debt to assets ratio improved from Q3 2014 to Q4 2014 and from Q4 2014 to Q1 2015. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Kraft Foods Group Inc. financial leverage ratio increased from Q3 2014 to Q4 2014 but then slightly decreased from Q4 2014 to Q1 2015. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Kraft Foods Group Inc. interest coverage ratio deteriorated from Q3 2014 to Q4 2014 and from Q4 2014 to Q1 2015. |
Debt to Equity
Kraft Foods Group Inc., debt to equity calculation (quarterly data)
| Mar 28, 2015 | Dec 27, 2014 | Sep 27, 2014 | Jun 28, 2014 | Mar 29, 2014 | Dec 28, 2013 | Sep 28, 2013 | Jun 29, 2013 | Mar 30, 2013 | Dec 29, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||
| Current portion of long-term debt | 1,406) | 1,405) | 1,404) | 1,404) | —) | 4) | 4) | 3) | 3) | 5) | 6) | 7) | 8) | |||||
| Long-term debt, excluding current portion | 8,626) | 8,627) | 8,615) | 8,604) | 9,998) | 9,976) | 9,975) | 9,967) | 9,966) | 9,966) | 9,568) | 5,988) | 26) | |||||
| Total debt | 10,032) | 10,032) | 10,019) | 10,008) | 9,998) | 9,980) | 9,979) | 9,970) | 9,969) | 9,971) | 9,574) | 5,995) | 34) | |||||
| Equity | 4,517) | 4,365) | 5,585) | 5,463) | 5,307) | 5,187) | 4,853) | 4,300) | 3,742) | 3,572) | 7,458) | 10,958) | 17,275) | |||||
| Solvency Ratio | ||||||||||||||||||
| Debt to equity1 | 2.22 | 2.30 | 1.79 | 1.83 | 1.88 | 1.92 | 2.06 | 2.32 | 2.66 | 2.79 | 1.28 | 0.55 | 0.00 | |||||
| Benchmarks | ||||||||||||||||||
| Debt to Equity, Competitors2 | ||||||||||||||||||
| lululemon athletica inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Nike Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Debt to equity = Total debt ÷ Equity
= 10,032 ÷ 4,517 = 2.22
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Kraft Foods Group Inc. debt to equity ratio deteriorated from Q3 2014 to Q4 2014 but then slightly improved from Q4 2014 to Q1 2015. |
Debt to Capital
Kraft Foods Group Inc., debt to capital calculation (quarterly data)
| Mar 28, 2015 | Dec 27, 2014 | Sep 27, 2014 | Jun 28, 2014 | Mar 29, 2014 | Dec 28, 2013 | Sep 28, 2013 | Jun 29, 2013 | Mar 30, 2013 | Dec 29, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||
| Current portion of long-term debt | 1,406) | 1,405) | 1,404) | 1,404) | —) | 4) | 4) | 3) | 3) | 5) | 6) | 7) | 8) | |||||
| Long-term debt, excluding current portion | 8,626) | 8,627) | 8,615) | 8,604) | 9,998) | 9,976) | 9,975) | 9,967) | 9,966) | 9,966) | 9,568) | 5,988) | 26) | |||||
| Total debt | 10,032) | 10,032) | 10,019) | 10,008) | 9,998) | 9,980) | 9,979) | 9,970) | 9,969) | 9,971) | 9,574) | 5,995) | 34) | |||||
| Equity | 4,517) | 4,365) | 5,585) | 5,463) | 5,307) | 5,187) | 4,853) | 4,300) | 3,742) | 3,572) | 7,458) | 10,958) | 17,275) | |||||
| Total capital | 14,549) | 14,397) | 15,604) | 15,471) | 15,305) | 15,167) | 14,832) | 14,270) | 13,711) | 13,543) | 17,032) | 16,953) | 17,309) | |||||
| Solvency Ratio | ||||||||||||||||||
| Debt to capital1 | 0.69 | 0.70 | 0.64 | 0.65 | 0.65 | 0.66 | 0.67 | 0.70 | 0.73 | 0.74 | 0.56 | 0.35 | 0.00 | |||||
| Benchmarks | ||||||||||||||||||
| Debt to Capital, Competitors2 | ||||||||||||||||||
| lululemon athletica inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Nike Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Debt to capital = Total debt ÷ Total capital
= 10,032 ÷ 14,549 = 0.69
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Kraft Foods Group Inc. debt to capital ratio deteriorated from Q3 2014 to Q4 2014 but then slightly improved from Q4 2014 to Q1 2015. |
Debt to Assets
Kraft Foods Group Inc., debt to assets calculation (quarterly data)
| Mar 28, 2015 | Dec 27, 2014 | Sep 27, 2014 | Jun 28, 2014 | Mar 29, 2014 | Dec 28, 2013 | Sep 28, 2013 | Jun 29, 2013 | Mar 30, 2013 | Dec 29, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||
| Current portion of long-term debt | 1,406) | 1,405) | 1,404) | 1,404) | —) | 4) | 4) | 3) | 3) | 5) | 6) | 7) | 8) | |||||
| Long-term debt, excluding current portion | 8,626) | 8,627) | 8,615) | 8,604) | 9,998) | 9,976) | 9,975) | 9,967) | 9,966) | 9,966) | 9,568) | 5,988) | 26) | |||||
| Total debt | 10,032) | 10,032) | 10,019) | 10,008) | 9,998) | 9,980) | 9,979) | 9,970) | 9,969) | 9,971) | 9,574) | 5,995) | 34) | |||||
| Total assets | 23,134) | 22,947) | 22,803) | 23,345) | 23,361) | 23,148) | 23,126) | 23,064) | 23,267) | 23,329) | 22,284) | 21,889) | 22,095) | |||||
| Solvency Ratio | ||||||||||||||||||
| Debt to assets1 | 0.43 | 0.44 | 0.44 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.43 | 0.27 | 0.00 | |||||
| Benchmarks | ||||||||||||||||||
| Debt to Assets, Competitors2 | ||||||||||||||||||
| lululemon athletica inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Nike Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Debt to assets = Total debt ÷ Total assets
= 10,032 ÷ 23,134 = 0.43
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Kraft Foods Group Inc. debt to assets ratio improved from Q3 2014 to Q4 2014 and from Q4 2014 to Q1 2015. |
Financial Leverage
Kraft Foods Group Inc., financial leverage calculation (quarterly data)
| Mar 28, 2015 | Dec 27, 2014 | Sep 27, 2014 | Jun 28, 2014 | Mar 29, 2014 | Dec 28, 2013 | Sep 28, 2013 | Jun 29, 2013 | Mar 30, 2013 | Dec 29, 2012 | Sep 30, 2012 | Jun 30, 2012 | Mar 31, 2012 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||
| Total assets | 23,134) | 22,947) | 22,803) | 23,345) | 23,361) | 23,148) | 23,126) | 23,064) | 23,267) | 23,329) | 22,284) | 21,889) | 22,095) | |||||
| Equity | 4,517) | 4,365) | 5,585) | 5,463) | 5,307) | 5,187) | 4,853) | 4,300) | 3,742) | 3,572) | 7,458) | 10,958) | 17,275) | |||||
| Solvency Ratio | ||||||||||||||||||
| Financial leverage1 | 5.12 | 5.26 | 4.08 | 4.27 | 4.40 | 4.46 | 4.77 | 5.36 | 6.22 | 6.53 | 2.99 | 2.00 | 1.28 | |||||
| Benchmarks | ||||||||||||||||||
| Financial Leverage, Competitors2 | ||||||||||||||||||
| lululemon athletica inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
| Nike Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Financial leverage = Total assets ÷ Equity
= 23,134 ÷ 4,517 = 5.12
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Kraft Foods Group Inc. financial leverage ratio increased from Q3 2014 to Q4 2014 but then slightly decreased from Q4 2014 to Q1 2015. |
Interest Coverage
Kraft Foods Group Inc., interest coverage calculation (quarterly data)
Based on: 10-Q (reporting date: 2015-03-28), 10-K (reporting date: 2014-12-27), 10-Q (reporting date: 2014-09-27), 10-Q (reporting date: 2014-06-28), 10-Q (reporting date: 2014-03-29), 10-K (reporting date: 2013-12-28), 10-Q (reporting date: 2013-09-28), 10-Q (reporting date: 2013-06-29), 10-Q (reporting date: 2013-03-30), 10-K (reporting date: 2012-12-29), 10-Q (reporting date: 2012-09-30), 10-12B/A (reporting date: 2012-06-30), 10-12B/A (reporting date: 2012-03-31).
1 Q1 2015 Calculation
Interest coverage
= (EBITQ1 2015
+ EBITQ4 2014
+ EBITQ3 2014
+ EBITQ2 2014)
÷ (Interest expenseQ1 2015
+ Interest expenseQ4 2014
+ Interest expenseQ3 2014
+ Interest expenseQ2 2014)
= (740 + -614 + 726 + 874)
÷ (107 + 116 + 119 + 133)
= 3.63
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Kraft Foods Group Inc. interest coverage ratio deteriorated from Q3 2014 to Q4 2014 and from Q4 2014 to Q1 2015. |