Debt to Equity
since 2005
Calculation
McDonald’s Corp., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Shareholders’ equity (deficit)1 | |
|---|---|---|---|---|---|
| Dec 31, 2023 | — | = | 39,345,300) | ÷ | (4,706,700) |
| Dec 31, 2022 | — | = | 35,903,500) | ÷ | (6,003,400) |
| Dec 31, 2021 | — | = | 35,622,700) | ÷ | (4,601,000) |
| Dec 31, 2020 | — | = | 37,440,400) | ÷ | (7,824,900) |
| Dec 31, 2019 | — | = | 34,177,200) | ÷ | (8,210,300) |
| Dec 31, 2018 | — | = | 31,075,300) | ÷ | (6,258,400) |
| Dec 31, 2017 | — | = | 29,536,400) | ÷ | (3,268,000) |
| Dec 31, 2016 | — | = | 25,955,700) | ÷ | (2,204,300) |
| Dec 31, 2015 | 3.40 | = | 24,122,100) | ÷ | 7,087,900) |
| Dec 31, 2014 | 1.17 | = | 14,989,700) | ÷ | 12,853,400) |
| Dec 31, 2013 | 0.88 | = | 14,129,800) | ÷ | 16,009,700) |
| Dec 31, 2012 | 0.89 | = | 13,632,500) | ÷ | 15,293,600) |
| Dec 31, 2011 | 0.87 | = | 12,500,400) | ÷ | 14,390,200) |
| Dec 31, 2010 | 0.79 | = | 11,505,300) | ÷ | 14,634,200) |
| Dec 31, 2009 | 0.75 | = | 10,578,400) | ÷ | 14,033,900) |
| Dec 31, 2008 | 0.76 | = | 10,217,800) | ÷ | 13,382,600) |
| Dec 31, 2007 | 0.61 | = | 9,301,100) | ÷ | 15,279,800) |
| Dec 31, 2006 | 0.55 | = | 8,434,200) | ÷ | 15,458,300) |
| Dec 31, 2005 | 0.67 | = | 10,140,100) | ÷ | 15,146,100) |
Based on: 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 thousands
Comparison to Competitors
McDonald’s Corp., debt to equity, long-term trends, comparison to competitors
| McDonald’s Corp. | Airbnb Inc. | Booking Holdings Inc. | Chipotle Mexican Grill Inc. | Starbucks Corp. | |
|---|---|---|---|---|---|
| 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: 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)
| McDonald’s Corp. | Consumer Services | |
|---|---|---|
| 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: 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)
| McDonald’s Corp. | Consumer Discretionary | |
|---|---|---|
| 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: 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).