38.695 McDonald’s Restaurants are there in the world. 93 per cent of them but only the name of the Fast-Food chain. You are a long way from small franchisees, the Rent of the parent company and pay a licence fee. In 2014 the then CEO Don Thompson had begun a sell-off of branches, which his successor, Steve Easterbrook continued.
With the billion in revenue, McDonald’s bought back its own shares and paid dividends to its shareholders. With success: Up to the Corona-crisis, the share price rose by around 130 per cent, the dividend per share was up 44 percent in five years.
McDonald’s: debt is 150 percent of sales
The chain has paid, however, to a tax of 50 billion dollars Thompson and Easterbrook returned to the shareholders. With the profits, the could not pay. The earnings in the same period, only 31.1 billion dollars. The result: McDonald’s is now heavily in debt. McDonald’s 170,50 EUR -0,16 (-0,09%) trade gate To the rate of data
The net-debt, an artificial figure, which illustrates how many Lousy a group would have if he would have to pay for all residues immediately, will be around 33 billion dollars. This is more than three times as high as even after the financial crisis in 2010. It also corresponds to about 150 percent of its sales, the McDonald’s in a year is.
this is As unhealthy for a Corporation that is now in crisis. With declines in revenue, the lack of a back drop were more significant. Because McDonald’s has sold its stores years ago, now less goods left over that could sell the group to service its debt. The result: The taxpayer will have to step in. McDonald’s needs a billion from the rescue package of the US government, in order to survive.
Coca-Cola to Boeing, the US corporations have more than three trillion dollars Bad accumulated
The Fast-Food chain is according to an analysis by the U.S. magazine Forbes is not an isolated case. In a row have taken US corporations in recent years, cheap loans to buy back shares, to take over competitors and to distribute gifts to shareholders and Board members.
The telecommunications giant AT&T has accumulated about a net debt of 151 billion dollars. Tech-giant IBM is 54.1 billion Dollar oil Corporation, Exxon Mobil 49.7 billion dollars. In the list of the most indebted corporations, other well-known names such as Coca-Cola (33 billion dollars), Boeing (17.8 billion dollars) and FedEx (16.8 billion dollars) are.
on average, the companies in the S&P 500 have your mountain of debt in the past ten years has tripled. Cumulatively, they come to more than three trillion dollars in debt. On each Dollar of sales income a whole Dollar for it came almost debt above. Of this phenomenon, banks, which have no debt in the traditional sense, and the Tech except for giants such as Apple, Amazon, Facebook, Microsoft, and the Alphabet. They sit on huge Cash mountains.
companies don’t learn from your mistakes
The other 455 companies must now help the policy. The US Central Bank, the Fed, declared himself ready even corporate bonds just before the junk level, and those with high interest rates to buy up, to rescue the companies concerned. Who now thinks however, that companies would have learned their lesson, you are totally mistaken. After the Fed announcement 392 corporations corporate bonds issued in the value of 617 billion dollars new a record for the months of March and April. Free “share check 2020” by Finanzen100
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Star Investor, Warren Buffett, this behavior is commented on in the virtual annual meeting of his Investment company Berkshire Hathaway with the words: “Every individual who has published in the March and April new bonds, should write the Fed a letter of thanks.”
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