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Coupang CPNG Debt-to-equity

Debt-to-equity at other companies

Amazon logo
AmazonAMZN
0.5×0.0×
DoorDash logo
DoorDashDASH
0.1×0.0×
Rocket Companies logo
Rocket CompaniesRKT
0.4×+0.4×
Packaging Corp of America logo
Packaging Corp of AmericaPKG
+0.3×

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$33.8B-12.8%
Enterprise value$32.81B-10.5%
P/S-0.3×

Profitability

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Gross margin28.8%-0.9pp
Operating margin0.2%-1.6pp
Net margin1.2%-2.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
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-equity?
Coupang (CPNG) reported debt-to-equity of 1.4× in Q1 2026.
How has Coupang's debt-to-equity changed year-over-year?
Coupang's debt-to-equity increased by 47.2% year-over-year, from 0.9× to 1.4×.
What is the long-term trend for Coupang's debt-to-equity?
Over 4 years (2021 to 2025), Coupang's debt-to-equity has grown at a 11.8% compound annual growth rate (CAGR), from 2.5× to 3.9×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.