Keurig Dr Pepper Inc (KDP)

Debt-to-assets ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Long-term debt	US$ in thousands	9,945,000	9,940,000	9,934,000	9,929,000	11,072,000	11,561,000	11,555,000	11,584,000	11,578,000	11,727,000	11,721,000	11,715,000	11,143,000	11,707,000	11,849,000	12,431,000	12,827,000	13,147,000	13,164,000	13,246,000
Total assets	US$ in thousands	52,130,000	51,763,000	51,801,000	51,660,000	51,837,000	51,440,000	51,428,000	51,244,000	50,598,000	50,330,000	50,344,000	50,403,000	49,779,000	49,381,000	49,026,000	48,843,000	49,518,000	49,400,000	49,547,000	49,291,000
Debt-to-assets ratio		0.19	0.19	0.19	0.19	0.21	0.22	0.22	0.23	0.23	0.23	0.23	0.23	0.22	0.24	0.24	0.25	0.26	0.27	0.27	0.27

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $9,945,000K ÷ $52,130,000K
= 0.19

The debt-to-assets ratio of Keurig Dr Pepper Inc has been relatively stable over the past eight quarters, ranging from 0.24 to 0.27. This ratio indicates that, on average, approximately 24% to 27% of the company's assets are financed through debt. The trend of the ratio suggests that Keurig Dr Pepper Inc has maintained a conservative level of debt relative to its asset base. The consistent ratio may reflect a prudent approach to managing debt levels and maintaining a healthy balance sheet. It also indicates that the company has a relatively low financial risk associated with its capital structure. Overall, the stable debt-to-assets ratio of Keurig Dr Pepper Inc indicates a strong financial position and effective debt management practices.