PRMB (Primo Brands) Debt-to-Equity: 1.93 (As of Mar. 2026) — Near Median


PRMB Primo Brands Corp PRMB
13 GF Score
Price $25.28
! 5 Warning Signs
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What is Primo Brands Debt-to-Equity?

Primo Brands PRMB +1.04% 13 Debt-to-Equity is 1.93 as of Mar. 2026, which is 8% above its 10-year median of 1.78. GuruFocus rates PRMB with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 106 Beverages - Non-Alcoholic companies, Primo Brands ranks worse than 92.45% on this metric.

Primo Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $163 Mil. Primo Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $5,548 Mil. Primo Brands's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $2,957 Mil. Primo Brands's debt to equity for the quarter that ended in Mar. 2026 was 1.93.

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 Primo Brands's Debt-to-Equity or its related term are showing as below:

PRMB' s Debt-to-Equity Range Over the Past 10 Years
Min: -17.86   Med: 1.78   Max: 1501.7
Current: 1.93

During the past 4 years, the highest Debt-to-Equity Ratio of Primo Brands was 1501.70. The lowest was -17.86. And the median was 1.78.

PRMB's Debt-to-Equity is ranked worse than
92.45% of 106 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.26 vs PRMB: 1.93

Primo Brands  (NYSE:PRMB) 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.


Primo Brands Debt-to-Equity Related Terms


Primo Brands Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Primo Brands'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.

Primo Brands Debt-to-Equity Chart

Primo Brands Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
29.09 1,501.70 1.65 1.91

Primo Brands Quarterly Data
Mar21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 1.76 1.80 1.91 1.93

PRMB vs CELH, COKE, COCO: Debt-to-Equity Comparison

For the Beverages - Non-Alcoholic subindustry, Primo Brands'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.


Primo Brands Debt-to-Equity vs Beverages - Non-Alcoholic Industry

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

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


PRMB
13GF Score
Primo Brands Corp PRMB
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Primo Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Primo Brands's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Primo Brands's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.93 mean?
Primo Brands (PRMB) has a Debt-to-Equity of 1.93 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Primo Brands and its competitors. This is near median its historical median of 1.78. According to the industry distribution chart, Primo Brands ranks #98 out of 106 companies in the Beverages - Non-Alcoholic industry, placing it in the top 92.5%.
Is Primo Brands' Debt-to-Equity too high?
Primo Brands' current Debt-to-Equity of 1.93 is near median its 10-year median of 1.78. The Beverages - Non-Alcoholic industry median Debt-to-Equity is 0.26. Primo Brands' value of 1.93 is 642.3% above this industry median. Based on the distribution chart, Primo Brands ranks #98 out of 106 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Primo Brands has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Primo Brands' Debt-to-Equity compare to CELH and COKE?
According to the Beverages - Non-Alcoholic industry distribution chart, Primo Brands ranks #98 out of 106 companies for Debt-to-Equity. This places Primo Brands in the lower half of its industry. The industry median Debt-to-Equity is 0.26. Primo Brands' value of 1.93 is 642.3% above this benchmark. While the company's 10-year median is 1.78 vs. the industry median of 0.26, Primo Brands has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Beverages - Non-Alcoholic company?
The median Debt-to-Equity among Beverages - Non-Alcoholic companies is 0.26, based on 106 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Primo Brands's current Debt-to-Equity of 1.93 is 642.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Primo Brands and its competitors. For the Beverages - Non-Alcoholic industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Primo Brands's current Debt-to-Equity is 1.93, which is near median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Primo Brands stock overvalued right now?
Primo Brands (PRMB) has a current Debt-to-Equity of 1.93. The current Debt-to-Equity is 1.93, which is near median its 10-year median of 1.78 and 642.3% above the Beverages - Non-Alcoholic industry median of 0.26. Primo Brands' overall GF Score™ is 13/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Primo Brands (PRMB), the current Debt-to-Equity is 1.93 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Primo Brands Business Description

Other Exchanges V76:Germany
Address 1150 Assembly Drive, Suite 800, Tampa, FL, USA, 33607
Primo Brands Corp is a North American branded beverage company focused on healthy hydration. It delivers sustainably and domestically sourced diversified offerings across products, formats, channels, price points, and consumer occasions, distributed in every state and Canada. Primo Brands is in reusable packaging, helping to reduce waste through its reusable, multi-serve bottles and brand packaging portfolio, which includes recycled plastic, aluminum, and glass.
13GF Score

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