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Coupang CPNG Debt-to-equity

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Other financials

Income statement

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Revenue$8.9B+3.9%
Gross profit$2.5B-2.6%
Operating income-$556.0M-473%
Net income-$570.0M-1,881%
EPS (diluted)-$0.32-1,700%

Balance sheet

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Cash & equivalents$6.1B-11.3%
Total debt$5.6B+27.7%
Total equity$3.0B-36.2%
Total assets$17.4B-2.5%

Cash flow

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Operating cash flow$367.0M-32.7%
CapEx$317.0M+6.0%
Free cash flow$50.0M-79.7%

Valuation

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Market cap$29.35B-45.4%
Enterprise value$28.87B-43.7%
P/S0.8×-0.8×

Profitability

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Gross margin28.4%-1.5pp
Operating margin-1.8%-4.0pp
Net margin1.2%-2.4pp
FCF margin3.7%+0.4pp

Returns & leverage

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Return on equity8.7%-20.2pp
Current ratio0.9×-0.2×

Where this comes from

Calculated from Coupang’s reported figures.

Based on the most recent quarter.

The source filing: Coupang’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 4:07 PM EDT
Accession
0001834584-26-000070

FAQ

What is Coupang's debt-to-equity?
Coupang (CPNG) reported debt-to-equity of 1.9× in Q2 2026.
How has Coupang's debt-to-equity changed year-over-year?
Coupang's debt-to-equity increased by 100.3% year-over-year, from 0.9× to 1.9×.
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 5.2% compound annual growth rate (CAGR), from 0.8× to 1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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