Coupang (CPNG) Debt to Equity (2020 - 2026)
Coupang (CPNG) recorded quarterly Debt to Equity of $0.43 in Q1 2026, up 104.88% on a QoQ basis from $0.21 in Q4 2025, and up 19.44% year-over-year from $0.36 in Q1 2025.
Coupang (CPNG) Debt to Equity (2020 - 2026) Analysis & Trends
Coupang has disclosed Debt to Equity across 7 years of filings, most recently posting $0.43 for Q1 2026.
- Quarterly Debt to Equity rose 19.44% year-over-year to $0.43 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $0.43 (up 19.44% YoY) and the FY2025 annual result came in at $0.21, down 41.94% from the prior year.
- Debt to Equity improved to $0.43 in Q1 2026, from $0.21 in the prior quarter.
- Over five years, Debt to Equity peaked at $0.43 in Q1 2026 and troughed at $0.13 in Q3 2025.
- A 5-year average of $0.3 and a median of $0.29 in 2023 frame the typical range for Debt to Equity.
- Annual changes were most pronounced in 2022 — Debt to Equity jumped 361.96% — and 2025, when it sank 55.05%.
- Tracing CPNG's Debt to Equity over 5 years: stood at $0.28 in 2022, then declined by 28.22% to $0.2 in 2023, then surged by 80.31% to $0.36 in 2024, then slumped by 41.94% to $0.21 in 2025, then jumped by 104.88% to $0.43 in 2026.
- Business Quant data shows CPNG's Debt to Equity at $0.43 in Q1 2026, $0.21 in Q4 2025, and $0.13 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,551.03 Bn | 2,407.94 Bn | 171.21 Bn | 0.27 |
| 2 | Mercadolibre | 82.72 Bn | 77.07 Bn | 3.86 Bn | 1.36 |
| 3 | DoorDash | 72.09 Bn | 67.22 Bn | 2.04 Bn | - |
| 4 | PDD Holdings | 62.92 Bn | 38.25 Bn | 12.81 Bn | - |
| 5 | Ebay | 48.30 Bn | 44.44 Bn | 2.29 Bn | 1.53 |
| 6 | Coupang | 34.44 Bn | 34.35 Bn | 2.30 Bn | 0.43 |
| 7 | Zkh | 14.36 Bn | 14.36 Bn | 285.30 Mn | - |
| 8 | Wayfair | 10.72 Bn | 9.65 Bn | 880.00 Mn | -1.03 |
| 9 | Maplebear | 10.27 Bn | 9.58 Bn | 738.00 Mn | - |
| 10 | Chewy | 7.37 Bn | 6.85 Bn | 1.01 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.43 |
| Dec 31, 2025 | 0.21 |
| Sep 30, 2025 | 0.13 |
| Jun 30, 2025 | 0.22 |
| Mar 31, 2025 | 0.36 |
| Dec 31, 2024 | 0.36 |
| Sep 30, 2024 | 0.29 |
| Jun 30, 2024 | 0.36 |
| Mar 31, 2024 | 0.31 |
| Dec 31, 2023 | 0.20 |
| Sep 30, 2023 | 0.26 |
| Jun 30, 2023 | 0.33 |
| Mar 31, 2023 | 0.29 |
| Dec 31, 2022 | 0.28 |
| Sep 30, 2022 | 0.33 |
| Jun 30, 2022 | 0.29 |
| Mar 31, 2022 | 0.39 |
| Dec 31, 2021 | 0.29 |
| Sep 30, 2021 | 0.22 |
| Jun 30, 2021 | 0.06 |