Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over 2021–2024 Mondelez’s balance sheet stayed large but showed modest volatility. Total assets rose from $67.1B in 2021 to a peak of $71.4B in 2023 (+6.1% from 2021 to 2022, then essentially flat to 2023) before falling ~4.0% to $68.5B in 2024. Total liabilities jumped sharply in 2022 (from $38.8B to $44.2B, +14.1%), then moved down modestly to $43.0B in 2023 and $41.5B in 2024. Stockholders’ equity fell from $28.3B in 2021 to $26.9B in 2022 (–4.9%), recovered to $28.3B in 2023 (+5.4%), and slipped again to $26.9B in 2024 (–4.9%). Note the 2025 row contains zeros and appears to be missing data. The net effect is a peak in leverage in 2022 (liabilities ≈62% of assets) with a partial unwind afterward; by 2024 liabilities still represent roughly 61% of assets versus ~58% in 2021. Equity as a share of assets declined in 2022 and only partially recovered (≈39–40% in 2023–24 versus ≈42% in 2021). These moves are consistent with a large consumer-packaged-goods company taking on additional debt (likely for acquisitions, working-capital or capital-return programs) in 2022 and then trimming liabilities or normalizing balance-sheet items thereafter. Overall the balance sheet remains substantial and not unusually stretched for the CPG sector, but the 2022 spike in leverage and the subsequent asset/equity fluctuations warrant watching cash flow, net-debt trends, and capital-allocation actions (M&A, buybacks, dividends) to assess sustainability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.