Keurig Dr Pepper Inc (KDP)

Debt-to-equity 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-equity ratio		0.53	0.50	0.50	0.52	0.39	0.39	0.39	0.40	0.44	0.46	0.46	0.45	0.46	0.48	0.48	0.49	0.47	0.50	0.52	0.55

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $12,912,000K ÷ $24,243,000K
= 0.53

The debt-to-equity ratio of Keurig Dr Pepper Inc has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The ratio decreased from 0.55 as of March 31, 2020, to 0.39 as of December 31, 2023, indicating a reduction in the company's reliance on debt financing in relation to equity.

However, there was a slight increase in the ratio to 0.53 as of December 31, 2024, after the downward trend observed in the previous periods. Overall, the decreasing trend suggests that Keurig Dr Pepper Inc has been managing its debt levels effectively in comparison to its equity, potentially reducing financial risk and improving overall financial stability during the period under review.