- Price
- $145.28 → $151.23(+4.1%)
- Discount
- 6.3% → 2.4%(−3.8 pts)
- Balance sheet
- Cash: $9.9B
Debt: $34.1B
Net debt: $24.2B
EBITDA, last 12 months: $22.9B
Net debt / EBITDA: 1.1× (low)
Interest cover: 22×
Undrawn credit line: $8.0B
Debt due within 12 months: $11.3B
Ratings: Moody's Aa3 (stable outlook), S&P AA- (stable outlook)
Procter & Gamble funds itself with cash from operations and with unsecured debt that the parent company issues. The strong rating keeps borrowing easy, and dividends and buybacks use about all of the cash it makes. At June 30, 2026, totalthe debt was $34.1 billion. $11.3 billion was due within one year, including included $4.8 billion of commercial paper. $22.8 billion was long-term notes in US dollars and euros, at an average rate of 3.3%. Cash was $9.9 billion, so net debt was about $24.2 billion. ThisEBITDA is about 1.1 times fiscal 2026 operating income plus depreciation and amortization of $22.9 billion. Operating income of $19.7 billion covered interest expense of $877 million about 22 times. Moody's rates P&G Aa3 and S&P rates it AA-, both with a stable outlook at June 30, 2026. An The undrawn $8.0 billion bank facility supports the commercial paper program. Current liabilities were $12.5 billion more than current assets. This is normal for P&G, because it pays maturing short-term debt with new commercial paper. In fiscal 2026, P&G paid $10.2 billion in dividends and spent $5.0 billion on buybacks. This used about all of its $15.8 billion adjusted free cash flow. The fiscal 2027 plan is about $10 billion in dividends and $5 billion in buybacks, slightly more than the cash it expects to make. Thus debt stays about flat or rises a little, and the strong rating keeps borrowing easy.
As of 2026-06-30.