KDPKeurig Dr Pepper

$32.21

Is it safe?

Can KDP take a bad year?

Keurig Dr Pepper carries $23.3B of net debt at 6.38× EBITDA: a heavy load to carry through a bad year.

$23.3B

Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
6.38×

Net debt / EBITDA · 4.72× a year ago · the load is going up

Altman Z-score
1.44

Altman Z-score · distress zone, below 1.8

Debt / equity
0.99×

Debt / equity

Details
Total debtQ2 2026
$24.8B
Cash and short-term investments
$1.52B
Net debt
$23.3B
EBITDA, trailing twelve months
$3.65B
Operating profit, trailing twelve months
$3.26B
Debt / equity
0.99×
Total debt / EBITDA
6.80×
Annualised volatilitytwo years of daily moves
25%
Worst drawdown on file
−37%
Below its 52-week high
−6.1%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.