PepsiCo (PepsiCo) Debt-to-Equity

: 2.41 (As of Dec. 2023)

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PepsiCo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,066 Mil. PepsiCo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $37,595 Mil. PepsiCo's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $18,503 Mil. PepsiCo's debt to equity for the quarter that ended in Dec. 2023 was 2.41.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for PepsiCo's Debt-to-Equity or its related term are showing as below:

PEP' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.66 Med: 2.48 Max: 3.61
Current: 2.41

During the past 13 years, the highest Debt-to-Equity Ratio of PepsiCo was 3.61. The lowest was 1.66. And the median was 2.48.

PEP's Debt-to-Equity is ranked worse than
94.62% of 93 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.27 vs PEP: 2.41

PepsiCo Debt-to-Equity Historical Data

The historical data trend for PepsiCo's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

PepsiCo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

2.20

3.32

2.54

2.31

2.41

PepsiCo Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.31	2.45	2.47	2.38	2.41

Competitive Comparison

For the Beverages - Non-Alcoholic subindustry, PepsiCo's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

PepsiCo Debt-to-Equity Distribution

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PepsiCo's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PepsiCo's Debt-to-Equity falls into.

PepsiCo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PepsiCo's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7066	+	37595)	/	18503
	=	2.41

PepsiCo's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(7066	+	37595)	/	18503
	=	2.41

PepsiCo (NAS:PEP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

PepsiCo Debt-to-Equity Related Terms

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PepsiCo (PepsiCo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » PepsiCo Inc (NAS:PEP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PEP:Mexico 1PEP:Italy PEPd:UK 0QOS:UK PEP:Germany PEP:Germany PEP:Germany PEP:Germany PEP:Switzerland PEPB34:Brazil PEPS:Austria PEP:Argentina

Address

700 Anderson Hill Road, Purchase, NY, USA, 10577

Website

https://www.pepsico.com

PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.

Executives

Hugh F Johnston	officer: EVP, Operations	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Becky Schmitt	officer: EVP & Chief HR Officer	300 FRANK W. BURR BLVD., STE. 36, 6 FL., TEANECK NJ 07666
Jennifer Bailey	director	700 ANDERSON HILL ROAD, PURCHASE NY 10577
Susan M Diamond	director	500 W MAIN ST., LOUISVILLE KY 40202
Robert C Pohlad	director	4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402
Ramkumar Krishnan	officer: CEO Intl Beverages & CCO	TRACTOR SUPPLY, 5401 VIRGINIA WAY, BRENTWOOD TN 37027
Marie T. Gallagher	officer: SVP and Controller	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Paula Santilli	officer: CEO, Latin America	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Ramon Laguarta	officer: CEO, PepsiCo Europe	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Steven C Williams	officer: CEO, PFNA	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Kirk Tanner	officer: President & COO, NAB	PEPSICO, INC. 700 ANDERSON HILL ROAD, PURCHASE NY 10577
David Flavell	officer: EVP, Gen Counsel & Corp Sec	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Eugene Willemsen	officer: CEO, AMESA	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577
Edith W Cooper	director	C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Dave J Lewis	director	PEPSICO, INC., 700 ANDERSON HILL ROAD, PURCHASE NY 10577