Procter & Gamble Company (PG)

Debt-to-capital ratio

Mar 31, 2025 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 52,272,000 51,168,000 51,840,000 50,286,000 50,058,000 48,534,000 47,692,000 46,777,000 45,140,000 44,455,000 44,075,000 46,589,000 45,478,000 44,618,000 46,111,000 46,378,000 46,596,000 48,181,000 48,182,000 46,521,000
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

March 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $52,272,000K)
= 0.00

The provided data indicates that Procter & Gamble Company’s debt-to-capital ratio has consistently remained at zero across all reporting periods from June 30, 2020, through March 31, 2025. This suggests that, during this timeframe, the company has maintained an entirely equity-financed capital structure, with no observable reliance on debt to fund its operations or investments. Such a debt-free profile is atypical for a large, multinational corporation and may either reflect an accounting presentation where debt is not explicitly reported in this ratio or indicate an exceptionally conservative leverage strategy. The persistent zero value over multiple fiscal periods underscores a stable financial position in terms of leverage, and it is indicative of the company’s emphasis on equity financing rather than debt-based funding.


See also:

Procter & Gamble Company Debt to Capital (Quarterly Data)