Keurig Dr Pepper Inc (KDP)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Long-term debt	US$ in thousands	12,912,000	12,413,000	12,406,000	12,929,000	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
Total stockholders’ equity	US$ in thousands	24,243,000	24,969,000	24,718,000	24,653,000	25,676,000	25,364,000	25,268,000	25,103,000	25,126,000	25,102,000	25,391,000	25,511,000	24,972,000	24,405,000	24,242,000	24,070,000	23,829,000	23,296,000	22,923,000	22,640,000
Debt-to-capital ratio		0.35	0.33	0.33	0.34	0.28	0.28	0.28	0.28	0.31	0.32	0.31	0.31	0.32	0.32	0.33	0.33	0.32	0.33	0.34	0.35

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $12,912,000K ÷ ($12,912,000K + $24,243,000K)
= 0.35

The debt-to-capital ratio of Keurig Dr Pepper Inc has shown a gradual decrease from 0.35 as of March 31, 2020, to 0.28 as of December 31, 2023. This decline indicates that the company has been reducing its reliance on debt in relation to its total capital over this period. Subsequently, the ratio increased slightly to 0.35 as of December 31, 2024. Overall, the trend suggests that Keurig Dr Pepper Inc has been effectively managing its debt levels in comparison to its total capital structure, which can be a positive signal in terms of financial stability and risk management. However, it's important to further analyze other financial metrics and factors to gain a holistic understanding of the company's financial health.