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Coupang CPNG Debt-to-assets

Debt-to-assets at other companies

Amazon logo
AmazonAMZN
0.3×0.0×
DoorDash logo
DoorDashDASH
0.0×
Maplebear Inc. logo
Maplebear Inc.CART
0.0×
Rocket Companies logo
Rocket CompaniesRKT
0.2×+0.2×
Packaging Corp of America logo
Packaging Corp of AmericaPKG
0.4×+0.1×

Other financials

Income statement

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Revenue$8.5B+7.5%
Gross profit$2.3B-0.8%
Operating income-$242.0M-257%
Net income-$266.0M-349%
EPS (diluted)-$0.15-350%

Balance sheet

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Cash & equivalents$6.4B+3.1%
Total debt$5.4B+32.3%
Total equity$3.9B-10.2%
Total assets$17.4B+8.8%

Cash flow

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Operating cash flow$184.0M-48.0%
CapEx$296.0M+23.8%
Free cash flow-$112.0M-197%

Valuation

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Market cap$32.31B-12.8%
Enterprise value$31.32B-10.5%
P/S0.9×-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Debt / equity1.4×+0.4×
Current ratio-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on the most recent quarter.

The official record: Coupang’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coupang's debt-to-assets?
Coupang (CPNG) reported debt-to-assets of 0.3× in Q1 2026.
How has Coupang's debt-to-assets changed year-over-year?
Coupang's debt-to-assets increased by 21.5% year-over-year, from 0.3× to 0.3×.
What is the long-term trend for Coupang's debt-to-assets?
Over 5 years (2020 to 2025), Coupang's debt-to-assets has grown at a -3.5% compound annual growth rate (CAGR), from 0.3× to 0.3×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.