FinscoFinsco

Merck & Co — Debt Discipline

$Open the interactive terminal to run `audit debt-discipline` with custom options.→
Capital FlowReturnsEarning QualityDebt DisciplineMoat
DEBT DISCIPLINE

TICKER: [US.MRK - Merck & Co]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


[~] Leverage (D/E): 0.71 (< 0.5 = conservative, > 1.5 = aggressive)
[+] Interest Coverage: 16.3x (> 5x = safe, < 2x = risky)
[-] Net Cash Company: No (Net debt < 0 = Buffett favorite)


Metric                     Value
--------------------------------
Avg D/E                     0.71
D/E Trend (Slope)       4.50%/yr
Last Interest Coverage     16.3x
Last Net D/E                0.66


Period       Total Debt  Equity   D/E  D/EBITDA  Coverage  Net D/E
------------------------------------------------------------------
2010 ANNUAL      17.88B  54.38B  0.33      5.3x      4.7x     0.13
2011 ANNUAL      17.52B  54.52B  0.32      2.0x     12.9x     0.07
2012 ANNUAL      20.57B  53.02B  0.39      2.1x     13.8x     0.13
2013 ANNUAL      25.06B  49.77B  0.50      3.3x      9.6x     0.19
2014 ANNUAL      21.40B  48.65B  0.44      3.2x      9.1x     0.29
2015 ANNUAL      26.41B  44.68B  0.59      3.5x     11.2x     0.40
2016 ANNUAL      24.84B  40.09B  0.62      4.5x      7.9x     0.46
2017 ANNUAL      24.41B  34.34B  0.71      3.6x      9.0x     0.53
2018 ANNUAL      25.11B  26.70B  0.94      2.8x     11.6x     0.64
2019 ANNUAL      26.35B  25.91B  1.02      3.3x      8.9x     0.64
2020 ANNUAL      31.79B  25.32B  1.26      5.7x      6.7x     0.94
2021 ANNUAL      33.10B  38.18B  0.87      2.5x     16.4x     0.65
2022 ANNUAL      30.69B  45.99B  0.67      1.7x     19.0x     0.39
2023 ANNUAL      35.05B  37.58B  0.93     11.9x      2.6x     0.75
2024 ANNUAL      37.11B  46.31B  0.80      1.8x     15.9x     0.52
2025 ANNUAL      49.34B  52.61B  0.94      2.2x     16.3x     0.66
audit debt-discipline
DEBT DISCIPLINE TICKER: [US.MRK - Merck & Co] PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
[~] Leverage (D/E): 0.71 (< 0.5 = conservative, > 1.5 = aggressive)
[+] Interest Coverage: 16.3x (> 5x = safe, < 2x = risky)
[-] Net Cash Company: No (Net debt < 0 = Buffett favorite)
Metric Value
--------------------------------
Avg D/E 0.71
D/E Trend (Slope) 4.50%/yr
Last Interest Coverage 16.3x
Last Net D/E 0.66
Period Total Debt Equity D/E D/EBITDA Coverage Net D/E
------------------------------------------------------------------
2010 ANNUAL 17.88B 54.38B 0.33 5.3x 4.7x 0.13
2011 ANNUAL 17.52B 54.52B 0.32 2.0x 12.9x 0.07
2012 ANNUAL 20.57B 53.02B 0.39 2.1x 13.8x 0.13
2013 ANNUAL 25.06B 49.77B 0.50 3.3x 9.6x 0.19
2014 ANNUAL 21.40B 48.65B 0.44 3.2x 9.1x 0.29
2015 ANNUAL 26.41B 44.68B 0.59 3.5x 11.2x 0.40
2016 ANNUAL 24.84B 40.09B 0.62 4.5x 7.9x 0.46
2017 ANNUAL 24.41B 34.34B 0.71 3.6x 9.0x 0.53
2018 ANNUAL 25.11B 26.70B 0.94 2.8x 11.6x 0.64
2019 ANNUAL 26.35B 25.91B 1.02 3.3x 8.9x 0.64
2020 ANNUAL 31.79B 25.32B 1.26 5.7x 6.7x 0.94
2021 ANNUAL 33.10B 38.18B 0.87 2.5x 16.4x 0.65
2022 ANNUAL 30.69B 45.99B 0.67 1.7x 19.0x 0.39
2023 ANNUAL 35.05B 37.58B 0.93 11.9x 2.6x 0.75
2024 ANNUAL 37.11B 46.31B 0.80 1.8x 15.9x 0.52
2025 ANNUAL 49.34B 52.61B 0.94 2.2x 16.3x 0.66