McDonald's Balance Sheet
NYSE: MCDConsumer DiscretionaryRestaurantsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
McDonald's financial position
At the end of fiscal 2025, McDonald's reported total assets of $59.52 billion, up 7.9% from a year earlier against total liabilities of $61.31 billion. Shareholders' equity was negative at -$1.79 billion, meaning liabilities exceed assets; this is often the result of large share buybacks or accumulated losses. The company held $774.0 million in cash and equivalents against $41.50 billion of debt, a net debt position of $40.72 billion.
The current ratio (current assets divided by current liabilities) was 0.95, meaning short-term obligations exceed short-term assets.
Summary generated from market data by MetaCap's automated system. Methodology
McDonald's balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 774.00M | 1.08B | 4.58B | 2.58B | 4.71B | 3.45B | 898.50M | 866.00M | 2.46B | 1.22B |
| Receivables | 2.47B | 2.38B | 2.49B | 2.12B | 1.87B | 2.11B | 2.22B | 2.44B | 1.98B | 1.47B |
| Inventory | 61.00M | 56.00M | 53.00M | 52.00M | 55.60M | 51.10M | 50.20M | 51.10M | 58.80M | 58.90M |
| Total Current Assets | 4.16B | 4.60B | 7.99B | 5.42B | 7.15B | 6.24B | 3.56B | 4.05B | 5.33B | 4.85B |
| Property, Plant & Equipment | 28.24B | 25.30B | 24.91B | 23.77B | 24.72B | 24.96B | 24.16B | 22.84B | 22.45B | 21.26B |
| Goodwill | 3.35B | 3.15B | 3.04B | 2.90B | 2.78B | 2.77B | 2.68B | 2.33B | 2.38B | 2.34B |
| Total Assets | 59.52B | 55.18B | 56.15B | 50.44B | 53.85B | 52.63B | 47.51B | 32.81B | 33.80B | 31.02B |
| Accounts Payable | 1.15B | 1.03B | 1.10B | 980.20M | 1.01B | 741.30M | 988.20M | 1.21B | 924.80M | 756.00M |
| Short-Term Debt | 1.52B | 0 | 2.19B | 0 | 0 | 2.24B | 59.10M | 0 | 0 | 77.20M |
| Total Current Liabilities | 4.36B | 3.86B | 6.86B | 3.80B | 4.02B | 6.18B | 3.62B | 2.97B | 2.89B | 3.47B |
| Long-Term Debt | 39.97B | 38.42B | 37.15B | 35.90B | 35.62B | 35.20B | 34.12B | 31.08B | 29.54B | 25.88B |
| Total Liabilities | 61.31B | 58.98B | 60.85B | 56.44B | 58.46B | 60.45B | 55.72B | 39.07B | 37.07B | 33.23B |
| Shareholders' Equity | -1.79B | -3.80B | -4.71B | -6.00B | -4.60B | -7.82B | -8.21B | -6.26B | -3.27B | -2.20B |
| Retained Earnings | 70.28B | 66.83B | 63.48B | 59.54B | 57.53B | 53.91B | 52.93B | 50.49B | 48.33B | 46.22B |
| Total Debt | 41.50B | 38.42B | 39.34B | 35.90B | 35.62B | 37.44B | 34.18B | 31.08B | 29.54B | 25.96B |
| Net Cash (Debt) | -40.72B | -37.34B | -34.77B | -33.32B | -30.91B | -33.99B | -33.28B | -30.21B | -27.07B | -24.73B |
This table shows 10 annual periods of McDonald's's balance sheet, from FY 2025 back to FY 2016, across 17 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow MCD's reporting calendar. What is a balance sheet?