McDonald's Corporation (MCD) quarterly balance sheet — complete assets, liabilities & equity history
McDonald's Corporation (MCD) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 4.34B | 4.71B | 4.16B | 6.08B | 5.6B | 4.74B | 4.6B | 4.91B | 4.21B | 4.06B | 7.99B | 6.85B | 4.95B | 6.8B | 5.42B | 5.74B | 4.92B | 4.66B | 7.15B | 6.8B |
| Cash & Short-Term Investments | 822M | 1.17B | 774M | 2.41B | 1.88B | 1.24B | 1.08B | 1.22B | 792M | 838M | 4.58B | 3.5B | 1.63B | 3.71B | 2.58B | 2.83B | 1.87B | 2.34B | 4.71B | 4.31B |
| Cash Only | 822M | 1.17B | 774M | 2.41B | 1.88B | 1.24B | 1.08B | 1.22B | 792M | 838M | 4.58B | 3.5B | 1.63B | 3.71B | 2.58B | 2.83B | 1.87B | 2.34B | 4.71B | 4.31B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.48B | 2.43B | 2.47B | 2.58B | 2.55B | 2.39B | 2.38B | 2.46B | 2.4B | 2.24B | 2.49B | 2.25B | 2.19B | 2.08B | 2.12B | 1.89B | 1.84B | 1.67B | 1.87B | 1.83B |
| Days Sales Outstanding | 31.51 | 33.82 | 33.11 | 33.33 | 32.83 | 36.05 | 34.87 | 32.55 | 32.54 | 34.86 | 34 | 30.52 | 29.9 | 31.97 | 31.09 | 29.19 | 27.93 | 28.17 | 28.33 | 26.98 |
| Inventory | 58M | 61M | 61M | 55M | 55M | 51M | 56M | 54M | 46M | 46M | 53M | 47.6M | 52.4M | 51.5M | 52M | 43.4M | 43.3M | 49.6M | 55.6M | 50.1M |
| Days Inventory Outstanding | 1.82 | 1.91 | 1.79 | 1.7 | 1.67 | 1.84 | 1.87 | 1.53 | 1.51 | 1.65 | 1.68 | 1.63 | 1.71 | 1.8 | 1.74 | 1.64 | 1.75 | 1.81 | 1.77 | 1.63 |
| Other Current Assets | 0 | 1.05B | 862M | 1.03B | 1.12B | 1.06B | 1.07B | 1.18B | 963M | 935M | 866M | 1.06B | 1.07B | 963.6M | 673.4M | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 55.58B | 55.33B | 55.35B | 54.53B | 53.95B | 51.59B | 50.58B | 51.26B | 49.6B | 49.46B | 48.16B | 45.24B | 45.5B | 45.22B | 45.01B | 42.76B | 44.33B | 46.22B | 46.71B | 45.93B |
| Property, Plant & Equipment | 28.48B | 42.76B | 42.85B | 41.77B | 41.33B | 39.39B | 38.63B | 39.41B | 38.05B | 37.96B | 38.42B | 36.17B | 36.62B | 36.4B | 36.34B | 34.89B | 36.13B | 37.81B | 38.27B | 37.96B |
| Fixed Asset Turnover | 0.20x | 0.15x | 0.17x | 0.17x | 0.17x | 0.15x | 0.16x | 0.18x | 0.17x | 0.16x | 0.17x | 0.18x | 0.18x | 0.16x | 0.17x | 0.17x | 0.15x | 0.15x | 0.16x | 0.16x |
| Goodwill | 3.35B | 3.35B | 3.35B | 3.31B | 3.31B | 3.19B | 3.15B | 3.22B | 3.05B | 3.03B | 3.04B | 2.97B | 2.97B | 2.93B | 2.9B | 2.65B | 2.72B | 2.81B | 2.78B | 2.74B |
| Intangible Assets | 0 | 0 | 1.06B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 2.87B | 2.95B | 2.86B | 2.83B | 2.75B | 2.71B | 2.96B | 2.88B | 2.88B | 1.08B | 1.04B | 1.04B | 1.09B | 1.06B | 963.8M | 1.07B | 1.18B | 1.2B | 1.17B |
| Other Non-Current Assets | 23.75B | 6.36B | 1.89B | 6.59B | 6.49B | 6.26B | 6.09B | 5.67B | 5.63B | 5.59B | 5.62B | 5.06B | 4.87B | 4.79B | 4.71B | 4.25B | 4.4B | 4.42B | 4.45B | 4.06B |
| Total Assets | 59.92B | 60.04B | 59.52B | 60.61B | 59.55B | 56.33B | 55.18B | 56.17B | 53.8B | 53.51B | 56.15B | 52.09B | 50.44B | 52.01B | 50.44B | 48.5B | 49.25B | 50.88B | 53.85B | 52.73B |
| Asset Turnover | 0.12x | 0.11x | 0.12x | 0.12x | 0.12x | 0.11x | 0.11x | 0.13x | 0.12x | 0.11x | 0.12x | 0.13x | 0.13x | 0.12x | 0.12x | 0.12x | 0.11x | 0.11x | 0.11x | 0.12x |
| Asset Growth % | 0.61% | 6.58% | 7.85% | 7.9% | 10.7% | 5.26% | -1.72% | 7.84% | 6.66% | 2.88% | 11.32% | 7.4% | 2.42% | 2.23% | -6.35% | -8.01% | -5.1% | -0.44% | 2.33% | 4% |
| Total Current Liabilities | 4.02B | 4.15B | 4.36B | 6.08B | 4.3B | 4.01B | 3.86B | 6.31B | 3.91B | 4.89B | 6.86B | 4B | 3.67B | 4.62B | 3.8B | 3.49B | 3.48B | 4.23B | 4.02B | 5.1B |
| Accounts Payable | 1.11B | 1.09B | 1.15B | 972M | 838M | 882M | 1.03B | 944M | 949M | 936M | 1.1B | 862.4M | 806.6M | 811.8M | 980.2M | 794.8M | 739.4M | 718.6M | 1.01B | 772.6M |
| Days Payables Outstanding | 33.66 | 35.07 | 32.77 | 28.01 | 27.16 | 32.84 | 33.5 | 29.05 | 30.94 | 33.98 | 32.85 | 27.15 | 26.62 | 31.21 | 32.43 | 29.09 | 27.45 | 29.69 | 29.79 | 24.97 |
| Short-Term Debt | 0 | 0 | 0 | 1.8B | 602M | 80M | 0 | 596M | 0 | 604M | 2.19B | 0 | 0 | 524.2M | 0 | 0 | 0 | 0 | 0 | 500M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 588M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.08x | 1.14x | 0.95x | 1.00x | 1.30x | 1.18x | 1.19x | 0.78x | 1.08x | 0.83x | 1.16x | 1.71x | 1.35x | 1.47x | 1.43x | 1.65x | 1.41x | 1.10x | 1.78x | 1.33x |
| Quick Ratio | 1.07x | 1.12x | 0.94x | 0.99x | 1.29x | 1.17x | 1.18x | 0.77x | 1.06x | 0.82x | 1.16x | 1.70x | 1.33x | 1.46x | 1.41x | 1.63x | 1.40x | 1.09x | 1.76x | 1.32x |
| Cash Conversion Cycle | -0.32 | 0.66 | 2.13 | 7.03 | 7.34 | 5.05 | 3.24 | 5.04 | 3.11 | 2.52 | 2.83 | 5 | 4.98 | 2.57 | 0.4 | 1.75 | 2.23 | 0.29 | 0.31 | 3.63 |
| Total Non-Current Liabilities | 56.92B | 57.18B | 56.95B | 56.69B | 58.02B | 55.77B | 55.12B | 55.04B | 54.72B | 53.46B | 53.99B | 52.94B | 51.77B | 53.17B | 52.64B | 51.58B | 52.14B | 52.63B | 54.44B | 53.31B |
| Long-Term Debt | 39.86B | 40.1B | 39.97B | 39.48B | 40.8B | 38.84B | 38.42B | 38.99B | 38.52B | 36.76B | 37.15B | 37.27B | 35.71B | 36.6B | 35.9B | 34.87B | 34.58B | 33.99B | 35.62B | 34.63B |
| Capital Lease Obligations | 14.04B | 14.07B | 14.15B | 13.84B | 13.78B | 13.18B | 12.89B | 13.16B | 12.82B | 12.83B | 13.06B | 11.81B | 12.07B | 12.12B | 12.13B | 11.77B | 12.32B | 12.87B | 13.02B | 12.99B |
| Deferred Tax Liabilities | 1.22B | 1.22B | 1.04B | 1.46B | 1.42B | 1.72B | 1.91B | 1.17B | 1.61B | 1.8B | 1.68B | 1.62B | 1.62B | 1.88B | 2B | 2.15B | 2.25B | 2.05B | 2.08B | 2.05B |
| Other Non-Current Liabilities | 855M | 837M | 842M | 979M | 1.08B | 1.12B | 1.11B | 928M | 970M | 1.29B | 1.31B | 1.47B | 1.59B | 1.8B | 1.84B | 2.08B | 2.26B | 2.98B | 2.98B | 2.93B |
| Total Liabilities | 60.94B | 61.32B | 61.31B | 62.77B | 62.31B | 59.78B | 58.98B | 61.35B | 58.63B | 58.35B | 60.85B | 56.94B | 55.44B | 57.79B | 56.44B | 55.07B | 55.62B | 56.87B | 58.46B | 58.4B |
| Total Debt | 54.59B | 54.88B | 54.81B | 55.82B | 55.87B | 52.76B | 51.95B | 53.41B | 52B | 50.88B | 53.09B | 49.75B | 48.47B | 49.92B | 48.7B | 47.29B | 47.59B | 47.55B | 49.35B | 48.82B |
| Net Debt | 53.77B | 53.71B | 54.04B | 53.41B | 53.99B | 51.52B | 50.86B | 52.19B | 51.21B | 50.04B | 48.51B | 46.25B | 46.85B | 46.21B | 46.12B | 44.46B | 45.71B | 45.22B | 44.64B | 44.51B |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 16.32x | 15.91x | 14.85x | 14.25x | 14.80x | 16.65x | 15.19x | 14.36x | 15.20x | 15.67x | 16.09x | 13.42x | 13.48x | 16.52x | 15.99x | 14.64x | 21.89x | 17.03x | 17.14x | 14.13x |
| Net Debt / EBITDA | 16.07x | 15.57x | 14.64x | 13.64x | 14.30x | 16.26x | 14.87x | 14.03x | 14.96x | 15.42x | 14.70x | 12.48x | 13.03x | 15.29x | 15.14x | 13.77x | 21.03x | 16.19x | 15.51x | 12.88x |
| Interest Coverage | 8.18x | 7.36x | 7.73x | 8.26x | 8.34x | 7.20x | 7.68x | 8.46x | 7.85x | 7.48x | 7.98x | 9.57x | 9.54x | 7.87x | 8.24x | 9.28x | 5.85x | 6.36x | 8.13x | 10.16x |
| Total Equity | -1.02B | -1.29B | -1.79B | -2.16B | -2.76B | -3.45B | -3.8B | -5.18B | -4.82B | -4.83B | -4.71B | -4.85B | -5B | -5.78B | -6B | -6.57B | -6.37B | -5.99B | -4.6B | -5.67B |
| Equity Growth % | 62.93% | 62.77% | 52.82% | 58.22% | 42.79% | 28.52% | 19.34% | -6.64% | 3.5% | 16.34% | 21.61% | 26.06% | 21.52% | 3.58% | -30.48% | -15.7% | -9.67% | 17.2% | 41.2% | 33.02% |
| Book Value per Share | -1.43 | -1.80 | -2.51 | -3.02 | -3.85 | -4.81 | -5.27 | -7.19 | -6.68 | -6.66 | -6.47 | -6.64 | -6.81 | -7.85 | -8.16 | -8.88 | -8.58 | -8.01 | -6.12 | -7.54 |
| Total Shareholders' Equity | -1.02B | -1.29B | -1.79B | -2.16B | -2.76B | -3.45B | -3.8B | -5.18B | -4.82B | -4.83B | -4.71B | -4.85B | -5B | -5.78B | -6B | -6.57B | -6.37B | -5.99B | -4.6B | -5.67B |
| Common Stock | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 17M | 16.6M | 16.6M | 16.6M | 16.6M | 16.6M | 16.6M | 16.6M | 16.6M | 16.6M |
| Retained Earnings | 71.99B | 70.94B | 70.28B | 69.44B | 68.42B | 67.44B | 66.83B | 64.82B | 65.03B | 64.2B | 63.48B | 62.65B | 61.44B | 60.23B | 59.54B | 58.75B | 57.79B | 57.61B | 57.53B | 55.9B |
| Treasury Stock | -80.53B | -79.67B | -79.32B | -78.77B | -78.27B | -77.77B | -77.38B | -76.87B | -76.46B | -75.52B | -74.64B | -73.8B | -72.73B | -72.17B | -71.62B | -71.24B | -70.3B | -69.29B | -67.81B | -67.05B |
| Accumulated OCI | -2.34B | -2.36B | -2.41B | -2.41B | -2.43B | -2.56B | -2.55B | -2.34B | -2.46B | -2.53B | -2.46B | -2.55B | -2.46B | -2.49B | -2.49B | -2.56B | -2.25B | -2.64B | -2.57B | -2.66B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |