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McDonald's MCD Debt-to-assets

Debt-to-assets at other companies

Starbucks logo
StarbucksSBUX
0.8×0.0×
Yum! Brands logo
Yum! BrandsYUM
0.4×+0.2×
Chipotle Mexican Grill logo
Chipotle Mexican GrillCMG
0.6×+0.1×
Restaurant Brands International logo
Restaurant Brands InternationalQSR
0.6×0.0×

Other financials

Income statement

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Revenue$6.5B+9.4%
Gross profit$5.8B+9.5%
Operating income$3.0B+11.5%
Net income$2.0B+6.2%
EPS (diluted)$2.78+6.9%

Balance sheet

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Cash & equivalents$1.2B-5.5%
Total debt$54.9B+4.0%
Total equity-$1.3B+62.8%
Total assets$60.0B+6.6%

Cash flow

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Operating cash flow$2.4B-0.7%
CapEx$682.0M+23.8%
Free cash flow$1.7B-7.8%

Valuation

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Market cap$197.95B-0.8%
Enterprise value$251.67B+0.1%
P/E22.8×-1.6×
P/S7.2×-0.6×

Profitability

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Gross margin86.6%
Operating margin46.3%+1.0pp
Net margin31.6%-0.1pp

Returns & leverage

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Return on equity45.4%
Debt / equity6.5×
Current ratio1.1×0.0×

Where this comes from

Calculated from McDonald's’s reported figures.

Based on the most recent quarter.

The official record: McDonald's’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is McDonald's's debt-to-assets?
McDonald's (MCD) reported debt-to-assets of 0.9× in Q1 2026.
How has McDonald's's debt-to-assets changed year-over-year?
McDonald's's debt-to-assets decreased by 2.4% year-over-year, from 0.9× to 0.9×.
What is the long-term trend for McDonald's's debt-to-assets?
Over 3 years (2021 to 2025), McDonald's's debt-to-assets has grown at a 0.1% compound annual growth rate (CAGR), from 3.8× to 3.8×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.