Molson Coors Beverage Co Debt-to-EBITDA

: 2.60 (As of Jun. 2021)

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Debt-to-EBITDA measures a company's ability to pay off its debt.

Molson Coors Beverage Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $1,525 Mil. Molson Coors Beverage Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $6,702 Mil. Molson Coors Beverage Co's annualized EBITDA for the quarter that ended in Jun. 2021 was $3,166 Mil. Molson Coors Beverage Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2021 was 2.60.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Molson Coors Beverage Co's Debt-to-EBITDA or its related term are showing as below:

NYSE:TAP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.77 Med: 3.73 Max: 14.97
Current: 11.37

1.77

14.97

During the past 13 years, the highest Debt-to-EBITDA Ratio of Molson Coors Beverage Co was 14.97. The lowest was 1.77. And the median was 3.73.

NYSE:TAP's Debt-to-EBITDA is ranked lower than
99.99% of the 21 Companies
in the Beverages - Alcoholic industry.

( Industry Median: 2.59 vs. NYSE:TAP: 11.37 )

Molson Coors Beverage Co Debt-to-EBITDA Historical Data

The historical data trend for Molson Coors Beverage Co's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Molson Coors Beverage Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-EBITDA

3.25

4.45

4.16

5.61

14.97

Molson Coors Beverage Co Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Debt-to-EBITDA																2.86	2.65	-1.66	5.28	2.60

Competitive Comparison

For the Beverages - Brewers subindustry, Molson Coors Beverage Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Molson Coors Beverage Co Debt-to-EBITDA Distribution

For the Beverages - Alcoholic industry and Consumer Defensive sector, Molson Coors Beverage Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Molson Coors Beverage Co's Debt-to-EBITDA falls into.

Molson Coors Beverage Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Molson Coors Beverage Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2020 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1067.2	+	7208.2)	/	552.7
	=	14.97

Molson Coors Beverage Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2021 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(1525.1	+	6701.9)	/	3165.6
	=	2.60

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2021) EBITDA data.

Molson Coors Beverage Co (NYSE:TAP) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Molson Coors Beverage Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Molson Coors Beverage Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Molson Coors Beverage Co Business Description

Industry

Consumer Defensive » Beverages - Alcoholic NAICS : 312120 SIC : 2082

Traded in Other Exchanges

TAP.A:USA TAP1:Mexico 0K2K:UK NY7:Germany M1CB34:Brazil

Address

NH353, P.O. Box 4030, Golden, CO, USA, 80401

Website

https://www.molsoncoors.com

Molson Coors is the fifth- largest beer producer globally, boasting top-two positioning in the U.S., Canada, and many Central European markets. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales such as Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken) and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S., but deploying hybrid models in Canada and Europe.

Executives

Herington Charles M	director	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Eaton Roger G.	director	1441 GARDINER LANE LOUISVILLE KY 40213
Napier Iain J G	director	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Tough Douglas D.	director	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Vachon Louis	director	1155 METCALFE STREET MONTREAL QUEBEC CANADA E6 0000
Coors Peter H	director, 10 percent owner, other: Vice Chairman of the Board	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Coors David S.	director	P.O. BOX 4030 NH353 GOLDEN CO 80401
Winnefeld James A Jr	director	870 WINTER STREET WALTHAM MA 02451
Fergusonmchugh Marylynn	director	ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Molson Andrew Thomas	director, other: Chairman of the Board	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Riley H Sanford	director	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Molson Geoffrey E.	director	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Hobbs Franklin W Iv	director	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Cox Simon	officer: Pres&CEO, Molson Coors Europe	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Tabolt Brian	officer: VP,Controller & Chf Acct Off	1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202

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Molson Coors Beverage Co Debt-to-EBITDA

Molson Coors Beverage Co Debt-to-EBITDA Historical Data

Molson Coors Beverage Co Debt-to-EBITDA Calculation

Molson Coors Beverage Co Debt-to-EBITDA Related Terms

Molson Coors Beverage Co Business Description

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