Carlsberg Balance Sheet Health
Financial Health criteria checks 1/6
Carlsberg has a total shareholder equity of DKK27.8B and total debt of DKK71.5B, which brings its debt-to-equity ratio to 257.6%. Its total assets and total liabilities are DKK154.6B and DKK126.9B respectively. Carlsberg's EBIT is DKK11.5B making its interest coverage ratio 8.8. It has cash and short-term investments of DKK10.1B.
Key information
257.62%
Debt to equity ratio
DKK 71.54b
Debt
| Interest coverage ratio | 8.8x |
| Cash | DKK 10.10b |
| Equity | DKK 27.77b |
| Total liabilities | DKK 126.85b |
| Total assets | DKK 154.62b |
Recent financial health updates
Is Carlsberg (CPH:CARL B) Using Too Much Debt?
Dec 05
Is Carlsberg (CPH:CARL B) Using Too Much Debt?
Apr 23Recent updates
Is Carlsberg (CPH:CARL B) Using Too Much Debt?
Dec 05Sentiment Still Eluding Carlsberg A/S (CPH:CARL B)
Oct 28Returns On Capital Are Showing Encouraging Signs At Carlsberg (CPH:CARL B)
Jul 14Carlsberg A/S' (CPH:CARL B) Business Is Trailing The Market But Its Shares Aren't
Jun 16An Intrinsic Calculation For Carlsberg A/S (CPH:CARL B) Suggests It's 47% Undervalued
May 26Is Carlsberg (CPH:CARL B) Using Too Much Debt?
Apr 23Carlsberg (CPH:CARL B) Is Due To Pay A Dividend Of DKK27.00
Mar 15Carlsberg (CPH:CARL B) Has Affirmed Its Dividend Of DKK27.00
Mar 01There's Reason For Concern Over Carlsberg A/S' (CPH:CARL B) Massive 25% Price Jump
Feb 15
Accelerate SAIL Strategy And Britvic Acquisition Will Strengthen Future Market Position
Strategic acquisitions and market entries are poised to drive long-term growth, supporting revenue and market expansion.Carlsberg (CPH:CARL B) Is Doing The Right Things To Multiply Its Share Price
Feb 03Financial Position Analysis
Short Term Liabilities: CARL B's short term assets (DKK34.6B) do not cover its short term liabilities (DKK49.7B).
Long Term Liabilities: CARL B's short term assets (DKK34.6B) do not cover its long term liabilities (DKK77.2B).
Debt to Equity History and Analysis
Debt Level: CARL B's net debt to equity ratio (221.2%) is considered high.
Reducing Debt: CARL B's debt to equity ratio has increased from 70.5% to 257.6% over the past 5 years.
Debt Coverage: CARL B's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: CARL B's interest payments on its debt are well covered by EBIT (8.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/10 17:44 |
| End of Day Share Price | 2025/12/10 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Carlsberg A/S is covered by 46 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Anthony Bucalo | Banco Santander |
| Laurence Whyatt | Barclays |