Analysis of Solvency Ratios
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
McDonald’s Corp., solvency ratios
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).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | McDonald’s Corp. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | McDonald’s Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | McDonald’s Corp. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | McDonald’s Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | McDonald’s Corp. interest coverage ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | McDonald’s Corp. fixed charge coverage ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |
Debt to Equity
McDonald’s Corp., debt to equity calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term borrowings and current maturities of long-term debt | —) | 2,192) | —) | —) | 2,244) | |
| Current finance lease liability | 11) | 46) | 22) | —) | —) | |
| Long-term debt, excluding current maturities | 38,424) | 37,153) | 35,904) | 35,623) | 35,197) | |
| Long-term finance lease liability | 1,770) | 1,530) | 1,300) | —) | —) | |
| Total debt | 40,205) | 40,921) | 37,225) | 35,623) | 37,440) | |
| Shareholders’ equity (deficit) | (3,797) | (4,707) | (6,003) | (4,601) | (7,825) | |
| Solvency Ratio | ||||||
| Debt to equity1 | — | — | — | — | — | |
| Benchmarks | ||||||
| Debt to Equity, Competitors2 | ||||||
| Airbnb Inc. | 0.24 | 0.24 | 0.36 | 0.42 | 0.63 | |
| Booking Holdings Inc. | — | — | 4.51 | 1.77 | 2.46 | |
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Starbucks Corp. | — | — | — | — | — | |
| Debt to Equity, Sector | ||||||
| Consumer Services | — | — | — | 18.97 | — | |
| Debt to Equity, Industry | ||||||
| Consumer Discretionary | 1.12 | 1.37 | 1.54 | 1.52 | 2.37 | |
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 ÷ Shareholders’ equity (deficit)
= 40,205 ÷ -3,797 = —
2 Click competitor name to see calculations.
Debt to Equity (including Operating Lease Liability)
McDonald’s Corp., debt to equity (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term borrowings and current maturities of long-term debt | —) | 2,192) | —) | —) | 2,244) | |
| Current finance lease liability | 11) | 46) | 22) | —) | —) | |
| Long-term debt, excluding current maturities | 38,424) | 37,153) | 35,904) | 35,623) | 35,197) | |
| Long-term finance lease liability | 1,770) | 1,530) | 1,300) | —) | —) | |
| Total debt | 40,205) | 40,921) | 37,225) | 35,623) | 37,440) | |
| Current operating lease liability | 625) | 643) | 640) | 706) | 702) | |
| Long-term operating lease liability | 11,118) | 11,528) | 10,834) | 13,021) | 13,321) | |
| Total debt (including operating lease liability) | 51,948) | 53,091) | 48,699) | 49,349) | 51,463) | |
| Shareholders’ equity (deficit) | (3,797) | (4,707) | (6,003) | (4,601) | (7,825) | |
| Solvency Ratio | ||||||
| Debt to equity (including operating lease liability)1 | — | — | — | — | — | |
| Benchmarks | ||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | ||||||
| Airbnb Inc. | 0.27 | 0.28 | 0.42 | 0.51 | 0.80 | |
| Booking Holdings Inc. | — | — | 4.75 | 1.85 | 2.56 | |
| Chipotle Mexican Grill Inc. | 1.24 | 1.32 | 1.58 | 1.53 | 1.56 | |
| Starbucks Corp. | — | — | — | — | — | |
| Debt to Equity (including Operating Lease Liability), Sector | ||||||
| Consumer Services | — | — | — | 27.13 | — | |
| Debt to Equity (including Operating Lease Liability), Industry | ||||||
| Consumer Discretionary | 1.42 | 1.72 | 1.94 | 1.90 | 2.84 | |
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 (including operating lease liability) = Total debt (including operating lease liability) ÷ Shareholders’ equity (deficit)
= 51,948 ÷ -3,797 = —
2 Click competitor name to see calculations.
Debt to Capital
McDonald’s Corp., debt to capital calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term borrowings and current maturities of long-term debt | —) | 2,192) | —) | —) | 2,244) | |
| Current finance lease liability | 11) | 46) | 22) | —) | —) | |
| Long-term debt, excluding current maturities | 38,424) | 37,153) | 35,904) | 35,623) | 35,197) | |
| Long-term finance lease liability | 1,770) | 1,530) | 1,300) | —) | —) | |
| Total debt | 40,205) | 40,921) | 37,225) | 35,623) | 37,440) | |
| Shareholders’ equity (deficit) | (3,797) | (4,707) | (6,003) | (4,601) | (7,825) | |
| Total capital | 36,408) | 36,214) | 31,222) | 31,022) | 29,616) | |
| Solvency Ratio | ||||||
| Debt to capital1 | 1.10 | 1.13 | 1.19 | 1.15 | 1.26 | |
| Benchmarks | ||||||
| Debt to Capital, Competitors2 | ||||||
| Airbnb Inc. | 0.19 | 0.20 | 0.26 | 0.29 | 0.39 | |
| Booking Holdings Inc. | 1.32 | 1.24 | 0.82 | 0.64 | 0.71 | |
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Starbucks Corp. | 1.92 | 2.08 | 2.41 | 1.57 | 1.96 | |
| Debt to Capital, Sector | ||||||
| Consumer Services | 1.04 | 1.06 | 1.06 | 0.95 | 1.09 | |
| Debt to Capital, Industry | ||||||
| Consumer Discretionary | 0.53 | 0.58 | 0.61 | 0.60 | 0.70 | |
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
= 40,205 ÷ 36,408 = 1.10
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. | McDonald’s Corp. debt to capital ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Capital (including Operating Lease Liability)
McDonald’s Corp., debt to capital (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term borrowings and current maturities of long-term debt | —) | 2,192) | —) | —) | 2,244) | |
| Current finance lease liability | 11) | 46) | 22) | —) | —) | |
| Long-term debt, excluding current maturities | 38,424) | 37,153) | 35,904) | 35,623) | 35,197) | |
| Long-term finance lease liability | 1,770) | 1,530) | 1,300) | —) | —) | |
| Total debt | 40,205) | 40,921) | 37,225) | 35,623) | 37,440) | |
| Current operating lease liability | 625) | 643) | 640) | 706) | 702) | |
| Long-term operating lease liability | 11,118) | 11,528) | 10,834) | 13,021) | 13,321) | |
| Total debt (including operating lease liability) | 51,948) | 53,091) | 48,699) | 49,349) | 51,463) | |
| Shareholders’ equity (deficit) | (3,797) | (4,707) | (6,003) | (4,601) | (7,825) | |
| Total capital (including operating lease liability) | 48,151) | 48,384) | 42,696) | 44,748) | 43,638) | |
| Solvency Ratio | ||||||
| Debt to capital (including operating lease liability)1 | 1.08 | 1.10 | 1.14 | 1.10 | 1.18 | |
| Benchmarks | ||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | ||||||
| Airbnb Inc. | 0.21 | 0.22 | 0.30 | 0.34 | 0.44 | |
| Booking Holdings Inc. | 1.30 | 1.22 | 0.83 | 0.65 | 0.72 | |
| Chipotle Mexican Grill Inc. | 0.55 | 0.57 | 0.61 | 0.61 | 0.61 | |
| Starbucks Corp. | 1.41 | 1.48 | 1.58 | 1.29 | 1.46 | |
| Debt to Capital (including Operating Lease Liability), Sector | ||||||
| Consumer Services | 1.03 | 1.04 | 1.05 | 0.96 | 1.07 | |
| Debt to Capital (including Operating Lease Liability), Industry | ||||||
| Consumer Discretionary | 0.59 | 0.63 | 0.66 | 0.65 | 0.74 | |
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 (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 51,948 ÷ 48,151 = 1.08
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | McDonald’s Corp. debt to capital ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets
McDonald’s Corp., debt to assets calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term borrowings and current maturities of long-term debt | —) | 2,192) | —) | —) | 2,244) | |
| Current finance lease liability | 11) | 46) | 22) | —) | —) | |
| Long-term debt, excluding current maturities | 38,424) | 37,153) | 35,904) | 35,623) | 35,197) | |
| Long-term finance lease liability | 1,770) | 1,530) | 1,300) | —) | —) | |
| Total debt | 40,205) | 40,921) | 37,225) | 35,623) | 37,440) | |
| Total assets | 55,182) | 56,147) | 50,436) | 53,854) | 52,627) | |
| Solvency Ratio | ||||||
| Debt to assets1 | 0.73 | 0.73 | 0.74 | 0.66 | 0.71 | |
| Benchmarks | ||||||
| Debt to Assets, Competitors2 | ||||||
| Airbnb Inc. | 0.10 | 0.10 | 0.12 | 0.14 | 0.17 | |
| Booking Holdings Inc. | 0.60 | 0.59 | 0.49 | 0.46 | 0.55 | |
| Chipotle Mexican Grill Inc. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Starbucks Corp. | 0.50 | 0.52 | 0.53 | 0.47 | 0.54 | |
| Debt to Assets, Sector | ||||||
| Consumer Services | 0.52 | 0.52 | 0.53 | 0.49 | 0.56 | |
| Debt to Assets, Industry | ||||||
| Consumer Discretionary | 0.32 | 0.34 | 0.35 | 0.36 | 0.41 | |
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 assets = Total debt ÷ Total assets
= 40,205 ÷ 55,182 = 0.73
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. | McDonald’s Corp. debt to assets ratio improved from 2022 to 2023 and from 2023 to 2024. |
Debt to Assets (including Operating Lease Liability)
McDonald’s Corp., debt to assets (including operating lease liability) calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Short-term borrowings and current maturities of long-term debt | —) | 2,192) | —) | —) | 2,244) | |
| Current finance lease liability | 11) | 46) | 22) | —) | —) | |
| Long-term debt, excluding current maturities | 38,424) | 37,153) | 35,904) | 35,623) | 35,197) | |
| Long-term finance lease liability | 1,770) | 1,530) | 1,300) | —) | —) | |
| Total debt | 40,205) | 40,921) | 37,225) | 35,623) | 37,440) | |
| Current operating lease liability | 625) | 643) | 640) | 706) | 702) | |
| Long-term operating lease liability | 11,118) | 11,528) | 10,834) | 13,021) | 13,321) | |
| Total debt (including operating lease liability) | 51,948) | 53,091) | 48,699) | 49,349) | 51,463) | |
| Total assets | 55,182) | 56,147) | 50,436) | 53,854) | 52,627) | |
| Solvency Ratio | ||||||
| Debt to assets (including operating lease liability)1 | 0.94 | 0.95 | 0.97 | 0.92 | 0.98 | |
| Benchmarks | ||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | ||||||
| Airbnb Inc. | 0.11 | 0.11 | 0.15 | 0.18 | 0.22 | |
| Booking Holdings Inc. | 0.62 | 0.62 | 0.52 | 0.48 | 0.57 | |
| Chipotle Mexican Grill Inc. | 0.49 | 0.50 | 0.54 | 0.53 | 0.53 | |
| Starbucks Corp. | 0.82 | 0.83 | 0.84 | 0.75 | 0.84 | |
| Debt to Assets (including Operating Lease Liability), Sector | ||||||
| Consumer Services | 0.71 | 0.71 | 0.72 | 0.70 | 0.78 | |
| Debt to Assets (including Operating Lease Liability), Industry | ||||||
| Consumer Discretionary | 0.41 | 0.43 | 0.44 | 0.45 | 0.50 | |
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 assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 51,948 ÷ 55,182 = 0.94
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio (including operating lease liability) | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | McDonald’s Corp. debt to assets ratio (including operating lease liability) improved from 2022 to 2023 and from 2023 to 2024. |
Financial Leverage
McDonald’s Corp., financial leverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Total assets | 55,182) | 56,147) | 50,436) | 53,854) | 52,627) | |
| Shareholders’ equity (deficit) | (3,797) | (4,707) | (6,003) | (4,601) | (7,825) | |
| Solvency Ratio | ||||||
| Financial leverage1 | — | — | — | — | — | |
| Benchmarks | ||||||
| Financial Leverage, Competitors2 | ||||||
| Airbnb Inc. | 2.49 | 2.53 | 2.88 | 2.87 | 3.62 | |
| Booking Holdings Inc. | — | — | 9.12 | 3.83 | 4.47 | |
| Chipotle Mexican Grill Inc. | 2.52 | 2.63 | 2.93 | 2.90 | 2.96 | |
| Starbucks Corp. | — | — | — | — | — | |
| Financial Leverage, Sector | ||||||
| Consumer Services | — | — | — | 38.83 | — | |
| Financial Leverage, Industry | ||||||
| Consumer Discretionary | 3.47 | 4.00 | 4.38 | 4.26 | 5.72 | |
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 ÷ Shareholders’ equity (deficit)
= 55,182 ÷ -3,797 = —
2 Click competitor name to see calculations.
Interest Coverage
McDonald’s Corp., interest coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 8,223) | 8,469) | 6,177) | 7,545) | 4,731) | |
| Add: Income tax expense | 2,122) | 2,053) | 1,648) | 1,583) | 1,410) | |
| Add: Interest expense, net of capitalized interest | 1,506) | 1,361) | 1,207) | 1,186) | 1,218) | |
| Earnings before interest and tax (EBIT) | 11,851) | 11,883) | 9,032) | 10,314) | 7,359) | |
| Solvency Ratio | ||||||
| Interest coverage1 | 7.87 | 8.73 | 7.48 | 8.70 | 6.04 | |
| Benchmarks | ||||||
| Interest Coverage, Competitors2 | ||||||
| Airbnb Inc. | 139.79 | 26.33 | 83.88 | 0.31 | -26.27 | |
| Booking Holdings Inc. | 6.63 | 7.11 | 11.03 | 5.39 | 2.59 | |
| Chipotle Mexican Grill Inc. | — | — | — | — | — | |
| Starbucks Corp. | 9.84 | 10.82 | 9.76 | 12.40 | 3.66 | |
| Interest Coverage, Sector | ||||||
| Consumer Services | 9.25 | 9.69 | 10.10 | 7.78 | 2.60 | |
| Interest Coverage, Industry | ||||||
| Consumer Discretionary | 14.99 | 12.27 | 9.45 | 13.29 | 7.81 | |
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
Interest coverage = EBIT ÷ Interest expense
= 11,851 ÷ 1,506 = 7.87
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | McDonald’s Corp. interest coverage ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Fixed Charge Coverage
McDonald’s Corp., fixed charge coverage calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income | 8,223) | 8,469) | 6,177) | 7,545) | 4,731) | |
| Add: Income tax expense | 2,122) | 2,053) | 1,648) | 1,583) | 1,410) | |
| Add: Interest expense, net of capitalized interest | 1,506) | 1,361) | 1,207) | 1,186) | 1,218) | |
| Earnings before interest and tax (EBIT) | 11,851) | 11,883) | 9,032) | 10,314) | 7,359) | |
| Add: Rent expense | 1,582) | 1,542) | 1,476) | 1,560) | 1,479) | |
| Earnings before fixed charges and tax | 13,433) | 13,425) | 10,509) | 11,874) | 8,838) | |
| Interest expense, net of capitalized interest | 1,506) | 1,361) | 1,207) | 1,186) | 1,218) | |
| Rent expense | 1,582) | 1,542) | 1,476) | 1,560) | 1,479) | |
| Fixed charges | 3,088) | 2,903) | 2,683) | 2,746) | 2,697) | |
| Solvency Ratio | ||||||
| Fixed charge coverage1 | 4.35 | 4.62 | 3.92 | 4.32 | 3.28 | |
| Benchmarks | ||||||
| Fixed Charge Coverage, Competitors2 | ||||||
| Airbnb Inc. | 44.26 | 15.91 | 20.69 | 0.42 | -16.81 | |
| Booking Holdings Inc. | 5.96 | 6.09 | 8.12 | 3.82 | 2.03 | |
| Chipotle Mexican Grill Inc. | 5.13 | 4.71 | 3.98 | 3.23 | 1.88 | |
| Starbucks Corp. | 3.17 | 3.51 | 3.08 | 3.61 | 1.58 | |
| Fixed Charge Coverage, Sector | ||||||
| Consumer Services | 4.77 | 4.75 | 4.32 | 3.66 | 1.60 | |
| Fixed Charge Coverage, Industry | ||||||
| Consumer Discretionary | 5.96 | 4.98 | 3.70 | 5.63 | 3.72 | |
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
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 13,433 ÷ 3,088 = 4.35
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Fixed charge coverage ratio | A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. | McDonald’s Corp. fixed charge coverage ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024. |