Krispy Kreme annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Krispy Kreme Debt-to-Equity Ratio Growth & History (DNUT)
Krispy Kreme's debt-to-equity ratio was 2.31 for fiscal 2025.
View full Krispy Kreme company overviewKrispy Kreme annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-28 | 2.31 | 1.05 | +83.06% |
| 2024 | 2024-12-29 | 1.26 | 0.03 | +2.33% |
| 2023 | 2023-12-31 | 1.23 | 0.17 | +16.46% |
| 2022 | 2023-01-01 | 1.06 | 0.08 | +8.12% |
| 2021 | 2022-01-02 | 0.98 | −0.88 | −47.38% |
| 2020 | 2021-01-03 | 1.86 | — | — |
Krispy Kreme quarterly debt-to-equity ratio
Q4.20
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 | 2026-06-28 | 2.14 | −0.04 | −2.04% |
| Q1 2026 | 2026-03-29 | 2.12 | 0.71 | +50.74% |
| Q4 2025 | 2025-12-28 | 2.31 | 1.05 | +83.06% |
| Q3 2025 | 2025-09-28 | 2.28 | 1.13 | +97.68% |
| Q2 2025 | 2025-06-29 | 2.19 | 0.86 | +64.56% |
| Q1 2025 | 2025-03-30 | 1.40 | 0.11 | +8.31% |
| Q4 2024 | 2024-12-29 | 1.26 | 0.03 | +2.33% |
| Q3 2024 | 2024-09-29 | 1.15 | −0.06 | −5.30% |
| Q2 2024 | 2024-06-30 | 1.33 | 0.19 | +17.10% |
| Q1 2024 | 2024-03-31 | 1.30 | 0.20 | +18.07% |
| Q4 2023 | 2023-12-31 | 1.23 | 0.17 | +16.46% |
| Q3 2023 | 2023-10-01 | 1.22 | 0.15 | +13.70% |
| Q2 2023 | 2023-07-02 | 1.14 | 0.14 | +13.54% |
| Q1 2023 | 2023-04-02 | 1.10 | 0.13 | +13.84% |
| Q4 2022 | 2023-01-01 | 1.06 | 0.08 | +8.12% |
| Q3 2022 | 2022-10-02 | 1.07 | 0.10 | +10.67% |
| Q2 2022 | 2022-07-03 | 1.00 | −1.24 | −55.29% |
| Q1 2022 | 2022-04-03 | 0.96 | — | — |
| Q4 2021 | 2022-01-02 | 0.98 | −0.88 | −47.38% |
| Q3 2021 | 2021-10-03 | 0.97 | — | — |
| Q2 2021 | 2021-07-04 | 2.24 | — | — |
| Q4 2020 | 2021-01-03 | 1.86 | — | — |
Krispy Kreme debt-to-equity ratio trends
Over the last five fiscal years, Krispy Kreme's debt-to-equity ratio increased from 1.86 to 2.31, a change of 0.45. The latest reported quarter, Q2 2026, shows 2.14.
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.
Review Krispy Kreme source filings ↗