Is it safe?
Can PEP take a bad year?
PepsiCo carries $44.1B of net debt at 2.78× EBITDA: a load its earnings can carry.
$44.1B
Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business
- Net debt / EBITDA
- 2.78×
Net debt / EBITDA · 2.59× a year ago · the load is going up
- Altman Z-score
- 3.47
Altman Z-score · safe zone, above 3
- Interest cover
- 11.9×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ2 2026
- $54.8B
- Cash and short-term investments
- $10.7B
- Net debt
- $44.1B
- EBITDA, trailing twelve months
- $15.8B
- Operating profit, trailing twelve months
- $12.6B
- Debt / equity
- 2.48×
- Total debt / EBITDA
- 3.46×
- Annualised volatilitytwo years of daily moves
- 21%
- Worst drawdown on file
- −30%
- Below its 52-week high
- −15%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Beverages - Non-Alcoholic
Ranks #3 of 10 by Smart Score