Coupang (CPNG) Debt Ratio (2020 - 2026)
Coupang's Debt Ratio was 0.11 in Q2 2026, up 12.8% from 0.10 a year earlier and up 18.8% from the prior quarter.
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Analysis
Coupang (CPNG) Debt Ratio (2020 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Coupang came in at 0.05, down 46.0% from FY2024.
- In earlier years, Debt Ratio was 0.10 in FY2024 (+31.5%), 0.08 in FY2023 (-14.2%), 0.09 in FY2022 (+20.9%) and 0.07 in FY2021 (-35.8%).
- The Q2 2026 figure marks the highest quarterly Debt Ratio in data going back to Q4 2020.
- Compared with a year earlier, Debt Ratio was higher in three of the last eight quarters, with an average decline of 0.1%.
- The best year-over-year quarter for Debt Ratio over five years was Q2 2023 (growth of 38.0%); the worst was Q4 2025 (a decline of 46.0%).
- Per Business Quant data, CPNG's Debt Ratio in the three quarters before Q2 2026 was 0.10 (Q1 2026), 0.05 (Q4 2025) and 0.11 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,807.22 Bn | 2,303.89 Bn | 107.37 Bn | 0.14 |
| 2 | Home Depot | 347.46 Bn | 340.70 Bn | 16.12 Bn | 0.48 |
| 3 | Tjx Companies | 153.51 Bn | 131.06 Bn | 5.07 Bn | 0.08 |
| 4 | Lowes Companies | 127.28 Bn | 120.25 Bn | 8.58 Bn | 0.67 |
| 5 | O Reilly Automotive | 75.34 Bn | 74.43 Bn | 2.52 Bn | 0.40 |
| 6 | Ross Stores | 74.38 Bn | 57.31 Bn | 2.12 Bn | 0.06 |
| 7 | Target | 71.81 Bn | 66.40 Bn | 8.94 Bn | 0.25 |
| 8 | Autozone | 54.47 Bn | 53.32 Bn | 3.52 Bn | 0.42 |
| 9 | Carvana | 52.23 Bn | 41.81 Bn | 1.52 Bn | 0.34 |
| 10 | Coupang | 29.54 Bn | 5.36 Bn | 2.56 Bn | 0.09 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.09 |
| Jun 30, 2026 | 0.15 |
| Mar 31, 2026 | 0.13 |
| Dec 31, 2025 | 0.09 |
| Sep 30, 2025 | 0.11 |
| Jun 30, 2025 | 0.10 |
| Mar 31, 2025 | 0.10 |
| Dec 31, 2024 | 0.10 |
| Sep 30, 2024 | 0.10 |
| Jun 30, 2024 | 0.10 |
| Mar 31, 2024 | 0.10 |
| Dec 31, 2023 | 0.08 |
| Sep 30, 2023 | 0.10 |
| Jun 30, 2023 | 0.11 |
| Mar 31, 2023 | 0.09 |
| Dec 31, 2022 | 0.09 |
| Sep 30, 2022 | 0.09 |
| Jun 30, 2022 | 0.08 |
| Mar 31, 2022 | 0.09 |
| Dec 31, 2021 | 0.07 |
API Access
Coupang Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=CPNG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "CPNG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=CPNG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();