Stock Analysis on Net
Stock Analysis on Net

McDonald’s Corp. (NYSE:MCD)

Debt to Equity
since 2005

Microsoft Excel

Calculation

McDonald’s Corp., debt to equity, long-term trends, calculation

Microsoft Excel
Debt to equity = Total debt1 ÷ Shareholders’ equity (deficit)1
Dec 31, 2024 — = 38,424 ÷ (3,797)
Dec 31, 2023 — = 39,345 ÷ (4,707)
Dec 31, 2022 — = 35,904 ÷ (6,003)
Dec 31, 2021 — = 35,623 ÷ (4,601)
Dec 31, 2020 — = 37,440 ÷ (7,825)
Dec 31, 2019 — = 34,177 ÷ (8,210)
Dec 31, 2018 — = 31,075 ÷ (6,258)
Dec 31, 2017 — = 29,536 ÷ (3,268)
Dec 31, 2016 — = 25,956 ÷ (2,204)
Dec 31, 2015 3.40 = 24,122 ÷ 7,088
Dec 31, 2014 1.17 = 14,990 ÷ 12,853
Dec 31, 2013 0.88 = 14,130 ÷ 16,010
Dec 31, 2012 0.89 = 13,633 ÷ 15,294
Dec 31, 2011 0.87 = 12,500 ÷ 14,390
Dec 31, 2010 0.79 = 11,505 ÷ 14,634
Dec 31, 2009 0.75 = 10,578 ÷ 14,034
Dec 31, 2008 0.76 = 10,218 ÷ 13,383
Dec 31, 2007 0.61 = 9,301 ÷ 15,280
Dec 31, 2006 0.55 = 8,434 ÷ 15,458
Dec 31, 2005 0.67 = 10,140 ÷ 15,146

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

Comparison to Competitors

McDonald’s Corp., debt to equity, long-term trends, comparison to competitors

Microsoft Excel
McDonald’s Corp. Airbnb Inc. Booking Holdings Inc. Chipotle Mexican Grill Inc. Starbucks Corp.
Dec 31, 2024 — 0.24 — 0.00 —
Dec 31, 2023 — 0.24 — 0.00 —
Dec 31, 2022 — 0.36 4.49 0.00 —
Dec 31, 2021 — 0.42 1.77 0.00 —
Dec 31, 2020 — 0.63 2.46 0.00 —
Dec 31, 2019 — — 1.45 0.00 —
Dec 31, 2018 — — 0.98 0.00 8.07
Dec 31, 2017 — — 0.85 0.00 0.72
Dec 31, 2016 — — 0.73 0.00 0.61
Dec 31, 2015 3.40 — 0.70 0.00 0.40
Dec 31, 2014 1.17 — 0.45 0.00 0.39
Dec 31, 2013 0.88 — 0.28 0.00 0.29
Dec 31, 2012 0.89 — 0.37 0.00 0.11
Dec 31, 2011 0.87 — 0.22 0.00 0.13
Dec 31, 2010 0.79 — 0.26 0.00 0.15
Dec 31, 2009 0.75 — 0.15 0.00 0.18
Dec 31, 2008 0.76 — 0.54 0.00 0.51
Dec 31, 2007 0.61 — 0.98 0.00 0.55
Dec 31, 2006 0.55 — 1.63 0.00 0.32
Dec 31, 2005 0.67 — 0.61 0.00 0.13

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Consumer Services)

McDonald’s Corp., debt to equity, long-term trends, comparison to sector (consumer services)

Microsoft Excel
McDonald’s Corp. Consumer Services
Dec 31, 2024 — —
Dec 31, 2023 — —
Dec 31, 2022 — —
Dec 31, 2021 — 18.97
Dec 31, 2020 — —
Dec 31, 2019 — —
Dec 31, 2018 — 9.57
Dec 31, 2017 — 2.90
Dec 31, 2016 — 2.46
Dec 31, 2015 3.40 1.37
Dec 31, 2014 1.17 0.73
Dec 31, 2013 0.88 0.60
Dec 31, 2012 0.89 0.61
Dec 31, 2011 0.87 0.61
Dec 31, 2010 0.79 0.60
Dec 31, 2009 0.75 0.59
Dec 31, 2008 0.76 0.69
Dec 31, 2007 0.61 0.60
Dec 31, 2006 0.55 0.52
Dec 31, 2005 0.67 0.59

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Consumer Discretionary)

McDonald’s Corp., debt to equity, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel
McDonald’s Corp. Consumer Discretionary
Dec 31, 2024 — 1.08
Dec 31, 2023 — 1.31
Dec 31, 2022 — 1.48
Dec 31, 2021 — 1.44
Dec 31, 2020 — 2.22
Dec 31, 2019 — 2.60
Dec 31, 2018 — 2.59
Dec 31, 2017 — 2.55
Dec 31, 2016 — 2.21
Dec 31, 2015 3.40 1.88
Dec 31, 2014 1.17 1.60
Dec 31, 2013 0.88 1.25
Dec 31, 2012 0.89 1.19
Dec 31, 2011 0.87 1.09
Dec 31, 2010 0.79 1.26
Dec 31, 2009 0.75 2.58
Dec 31, 2008 0.76 4.06
Dec 31, 2007 0.61 2.62
Dec 31, 2006 0.55 2.96
Dec 31, 2005 0.67 2.35

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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).