Coupang annual debt-to-equity ratio
2021
2022
2023
2024
2025
Coupang Debt-to-Equity Ratio Growth & History (CPNG)
Coupang's debt-to-equity ratio was 1.00 for fiscal 2025.
View full Coupang company overviewCoupang annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.00 | 0.11 | +12.40% |
| 2024 | 2024-12-31 | 0.89 | 0.26 | +41.15% |
| 2023 | 2023-12-31 | 0.63 | −0.31 | −32.87% |
| 2022 | 2022-12-31 | 0.94 | 0.10 | +11.46% |
| 2021 | 2021-12-31 | 0.84 | — | — |
Coupang quarterly debt-to-equity ratio
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.89 | 1.09 | +136.93% |
| Q1 2026 | 2026-03-31 | 1.37 | 0.67 | +95.11% |
| Q4 2025 | 2025-12-31 | 1.00 | 0.11 | +12.40% |
| Q3 2025 | 2025-09-30 | 0.91 | 0.24 | +35.49% |
| Q2 2025 | 2025-06-30 | 0.80 | 0.10 | +15.01% |
| Q1 2025 | 2025-03-31 | 0.70 | 0.08 | +12.51% |
| Q4 2024 | 2024-12-31 | 0.89 | 0.26 | +41.15% |
| Q3 2024 | 2024-09-30 | 0.67 | −0.28 | −29.19% |
| Q2 2024 | 2024-06-30 | 0.69 | −0.29 | −29.46% |
| Q1 2024 | 2024-03-31 | 0.63 | −0.31 | −33.09% |
| Q4 2023 | 2023-12-31 | 0.63 | −0.31 | −32.87% |
| Q3 2023 | 2023-09-30 | 0.95 | −0.03 | −3.40% |
| Q2 2023 | 2023-06-30 | 0.98 | −0.09 | −8.35% |
| Q1 2023 | 2023-03-31 | 0.93 | −0.15 | −14.03% |
| Q4 2022 | 2022-12-31 | 0.94 | 0.10 | +11.46% |
| Q3 2022 | 2022-09-30 | 0.99 | 0.24 | +31.99% |
| Q2 2022 | 2022-06-30 | 1.07 | 0.37 | +53.01% |
| Q1 2022 | 2022-03-31 | 1.09 | 0.62 | +133.79% |
| Q4 2021 | 2021-12-31 | 0.84 | — | — |
| Q3 2021 | 2021-09-30 | 0.75 | — | — |
| Q2 2021 | 2021-06-30 | 0.70 | — | — |
| Q1 2021 | 2021-03-31 | 0.47 | — | — |
Coupang debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Coupang's debt-to-equity ratio increased from 0.84 to 1.00, a change of 0.16. The latest reported quarter, Q2 2026, shows 1.89.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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