Stock Analysis on Net
Stock Analysis on Net

Mondelēz International Inc. (NASDAQ:MDLZ)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Mondelēz International Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Activity Ratio
Total Asset Turnover
Reported 0.53 0.50 0.44 0.43 0.39
Adjusted 0.53 0.51 0.44 0.43 0.40
Liquidity Ratio
Current Ratio
Reported 0.68 0.62 0.60 0.74 0.66
Adjusted 0.68 0.62 0.61 0.74 0.66
Solvency Ratios
Debt to Equity
Reported 0.66 0.69 0.85 0.69 0.73
Adjusted 0.61 0.64 0.78 0.64 0.68
Debt to Capital
Reported 0.40 0.41 0.46 0.41 0.42
Adjusted 0.38 0.39 0.44 0.39 0.40
Financial Leverage
Reported 2.54 2.52 2.65 2.37 2.46
Adjusted 2.25 2.25 2.35 2.11 2.19
Profitability Ratios
Net Profit Margin
Reported 12.65% 13.77% 8.63% 14.97% 13.37%
Adjusted 9.03% 13.77% 7.32% 15.54% 11.65%
Return on Equity (ROE)
Reported 17.12% 17.50% 10.11% 15.21% 12.89%
Adjusted 10.85% 15.72% 7.64% 14.15% 10.12%
Return on Assets (ROA)
Reported 6.73% 6.95% 3.82% 6.41% 5.24%
Adjusted 4.82% 6.98% 3.25% 6.70% 4.62%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Mondelēz International Inc. adjusted total asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Mondelēz International Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Mondelēz International Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Mondelēz International Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Mondelēz International Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Mondelēz International Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Mondelēz International Inc. adjusted ROE improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Mondelēz International Inc. adjusted ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Mondelēz International Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net revenues 36,441 36,016 31,496 28,720 26,581
Total assets 68,497 71,391 71,161 67,092 67,810
Activity Ratio
Total asset turnover1 0.53 0.50 0.44 0.43 0.39
Adjusted
Selected Financial Data (US$ in millions)
Net revenues 36,441 36,016 31,496 28,720 26,581
Adjusted total assets2 68,238 71,099 70,792 66,637 67,104
Activity Ratio
Adjusted total asset turnover3 0.53 0.51 0.44 0.43 0.40

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 36,441 ÷ 68,497 = 0.53

2 Adjusted total assets. See details »

3 2024 Calculation
Adjusted total asset turnover = Net revenues ÷ Adjusted total assets
= 36,441 ÷ 68,238 = 0.53

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Mondelēz International Inc. adjusted total asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Current assets 13,242 11,703 10,091 10,342 9,979
Current liabilities 19,549 19,013 16,731 14,008 15,159
Liquidity Ratio
Current ratio1 0.68 0.62 0.60 0.74 0.66
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 13,316 11,819 10,195 10,428 10,063
Current liabilities 19,549 19,013 16,731 14,008 15,159
Liquidity Ratio
Adjusted current ratio3 0.68 0.62 0.61 0.74 0.66

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 13,242 ÷ 19,549 = 0.68

2 Adjusted current assets. See details »

3 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Current liabilities
= 13,316 ÷ 19,549 = 0.68

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Mondelēz International Inc. adjusted current ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 17,749 19,408 22,933 19,512 20,046
Total Mondelēz International shareholders’ equity 26,932 28,332 26,883 28,269 27,578
Solvency Ratio
Debt to equity1 0.66 0.69 0.85 0.69 0.73
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 18,544 20,110 23,613 20,145 20,706
Adjusted total equity3 30,312 31,557 30,152 31,523 30,598
Solvency Ratio
Adjusted debt to equity4 0.61 0.64 0.78 0.64 0.68

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to equity = Total debt ÷ Total Mondelēz International shareholders’ equity
= 17,749 ÷ 26,932 = 0.66

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 18,544 ÷ 30,312 = 0.61

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Mondelēz International Inc. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 17,749 19,408 22,933 19,512 20,046
Total capital 44,681 47,740 49,816 47,781 47,624
Solvency Ratio
Debt to capital1 0.40 0.41 0.46 0.41 0.42
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 18,544 20,110 23,613 20,145 20,706
Adjusted total capital3 48,856 51,667 53,765 51,668 51,304
Solvency Ratio
Adjusted debt to capital4 0.38 0.39 0.44 0.39 0.40

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 17,749 ÷ 44,681 = 0.40

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 18,544 ÷ 48,856 = 0.38

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Mondelēz International Inc. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total assets 68,497 71,391 71,161 67,092 67,810
Total Mondelēz International shareholders’ equity 26,932 28,332 26,883 28,269 27,578
Solvency Ratio
Financial leverage1 2.54 2.52 2.65 2.37 2.46
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 68,238 71,099 70,792 66,637 67,104
Adjusted total equity3 30,312 31,557 30,152 31,523 30,598
Solvency Ratio
Adjusted financial leverage4 2.25 2.25 2.35 2.11 2.19

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Financial leverage = Total assets ÷ Total Mondelēz International shareholders’ equity
= 68,497 ÷ 26,932 = 2.54

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 68,238 ÷ 30,312 = 2.25

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Mondelēz International Inc. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 4,611 4,959 2,717 4,300 3,555
Net revenues 36,441 36,016 31,496 28,720 26,581
Profitability Ratio
Net profit margin1 12.65% 13.77% 8.63% 14.97% 13.37%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 3,290 4,961 2,304 4,462 3,097
Net revenues 36,441 36,016 31,496 28,720 26,581
Profitability Ratio
Adjusted net profit margin3 9.03% 13.77% 7.32% 15.54% 11.65%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
Net profit margin = 100 × Net earnings attributable to Mondelēz International ÷ Net revenues
= 100 × 4,611 ÷ 36,441 = 12.65%

2 Adjusted net earnings. See details »

3 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net earnings ÷ Net revenues
= 100 × 3,290 ÷ 36,441 = 9.03%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Mondelēz International Inc. adjusted net profit margin ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 4,611 4,959 2,717 4,300 3,555
Total Mondelēz International shareholders’ equity 26,932 28,332 26,883 28,269 27,578
Profitability Ratio
ROE1 17.12% 17.50% 10.11% 15.21% 12.89%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 3,290 4,961 2,304 4,462 3,097
Adjusted total equity3 30,312 31,557 30,152 31,523 30,598
Profitability Ratio
Adjusted ROE4 10.85% 15.72% 7.64% 14.15% 10.12%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROE = 100 × Net earnings attributable to Mondelēz International ÷ Total Mondelēz International shareholders’ equity
= 100 × 4,611 ÷ 26,932 = 17.12%

2 Adjusted net earnings. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net earnings ÷ Adjusted total equity
= 100 × 3,290 ÷ 30,312 = 10.85%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Mondelēz International Inc. adjusted ROE improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net earnings attributable to Mondelēz International 4,611 4,959 2,717 4,300 3,555
Total assets 68,497 71,391 71,161 67,092 67,810
Profitability Ratio
ROA1 6.73% 6.95% 3.82% 6.41% 5.24%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net earnings2 3,290 4,961 2,304 4,462 3,097
Adjusted total assets3 68,238 71,099 70,792 66,637 67,104
Profitability Ratio
Adjusted ROA4 4.82% 6.98% 3.25% 6.70% 4.62%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 2024 Calculation
ROA = 100 × Net earnings attributable to Mondelēz International ÷ Total assets
= 100 × 4,611 ÷ 68,497 = 6.73%

2 Adjusted net earnings. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net earnings ÷ Adjusted total assets
= 100 × 3,290 ÷ 68,238 = 4.82%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Mondelēz International Inc. adjusted ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.