Keurig Dr Pepper Inc (KDP)

Debt-to-assets ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Long-term debt	US$ in thousands	12,912,000	9,945,000	11,072,000	11,578,000	11,143,000
Total assets	US$ in thousands	53,430,000	52,130,000	51,837,000	50,598,000	49,779,000
Debt-to-assets ratio		0.24	0.19	0.21	0.23	0.22

December 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $12,912,000K ÷ $53,430,000K
= 0.24

The debt-to-assets ratio of Keurig Dr Pepper Inc has shown a fluctuating trend over the past five years. As of December 31, 2020, the ratio stood at 0.22, indicating that 22% of the company's assets were financed through debt. This ratio increased slightly to 0.23 by December 31, 2021, but then decreased to 0.21 by the end of 2022. Further declining to 0.19 by December 31, 2023, the company displayed a lower reliance on debt to fund its assets. However, by the end of 2024, the debt-to-assets ratio rose to 0.24, suggesting a higher proportion of debt used to finance assets compared to the previous year. Overall, the company's debt-to-assets ratio has exhibited some variability, but generally remained at relatively moderate levels over the analyzed period.