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Walt Disney Co

NYSE: DIS · USD

Walt Disney Co debt and dilution46

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$46,041M
Mar 30, 2019 through Jun 27, 2026

Cash & equivalents

USD millions

$5,185M

Net debt

USD millions

$40,856M

Debt / equity

×

0.39×

Debt / assets

%

22.49%

Net debt / EBITDA

× · TTM

1.72×

Debt / FCF

× · TTM

5.55×

Interest coverage

× · TTM

—

Unavailable for FY 2026 Q3.

Current ratio

×

0.71×

Diluted shares

Million shares

1,743M shares

Basic shares

Million shares

1,738M shares

Share count growth

%

-3.39%

Share repurchases

USD millions

$1,745M

Quarterly data

Walt Disney Co capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q3Jun 27, 202646,0415,18540,8560.39×22.49%1.72×5.55×—0.71×1,7431,738-3.39%1,745
FY 2026 Q2Mar 28, 202647,3585,68241,6760.41×23.08%1.84×6.66×—0.68×1,7721,766-2.32%3,466
FY 2026 Q1Dec 27, 202546,6405,67840,9620.41×23.08%1.82×6.61×—0.67×1,7931,786-1.43%2,034
FY 2025 Q4Sep 27, 202542,0265,69536,3310.37×21.28%1.59×4.17×—0.71×1,8081,798-0.83%1,004
FY 2025 Q3Jun 28, 202542,2635,36736,8960.37×21.5%1.61×3.66×—0.72×1,8051,799-1.21%711
FY 2025 Q2Mar 29, 202542,8895,85237,0370.39×21.9%1.65×3.94×—0.67×1,8141,808-1.42%991
FY 2025 Q1Dec 28, 202445,3085,48639,8220.42×22.99%1.83×5.39×—0.68×1,8181,812-1.09%794
FY 2024 Q4Sep 28, 202445,8156,00239,8130.43×23.35%1.93×5.35×—0.73×1,8191,813-0.98%469
FY 2024 Q3Jun 29, 202447,5845,95441,6300.45×24.06%2.08×5.98×—0.72×1,8291,821-0.44%1,522
FY 2024 Q2Mar 30, 202446,2996,63539,6640.45×23.73%2.03×5.54×—0.75×1,8341,8340.33%1,001
FY 2024 Q1Dec 30, 202347,6907,19240,4980.45×24.11%2.13×6.01×—0.84×1,8351,8320.38%0
FY 2023 Q4Sep 30, 202346,43114,18232,2490.45×22.59%1.77×9.48×—1.05×1,8331,831—0
FY 2023 Q3Jul 1, 202347,18911,45835,7310.46×23.16%———1.07×1,8291,829—0
FY 2023 Q2Apr 1, 202348,51810,39938,1190.48×23.68%———1.01×1,8311,828——
FY 2023 Q1Dec 31, 202248,3778,47039,9070.48×23.93%———0.99×1,8271,825——
FY 2021 Q4Oct 2, 202154,40615,95938,4470.58×26.72%2.99×27.37×5.02×1.08×1,8311,8160.29%—
FY 2021 Q3Jul 3, 202155,83816,07039,7680.61×27.61%3.33×39.77×4.02×1.24×1,8301,8180.5%—
FY 2021 Q2Apr 3, 202156,14615,89040,2560.63×28.04%3.73×42.22×3.16×1.23×1,8291,8170.5%—
FY 2021 Q1Jan 2, 202158,27517,06841,2070.66×28.87%3.82×22.27×3.23×1.31×1,8231,8120.39%—
FY 2020 Q4Oct 3, 202058,62817,91440,7140.66×29.09%3.03×16.31×4.92×1.32×1,810.791,810.790.43%—
FY 2020 Q3Jun 27, 202064,42123,11541,3060.71×31.02%2.54×21.02×6.86×1.34×1,8091,8090.39%—
FY 2020 Q2Mar 28, 202055,44614,33941,1070.58×26.88%2.16×—8.57×0.94×1,8161,80818.17%—
FY 2020 Q1Dec 28, 201948,0756,83341,2420.51×23.92%2.07×96.93×10.53×0.8×1,8171,805——
FY 2019 Q4Sep 28, 201946,9865,41841,5680.5×24.22%2.18×42.41×11.93×0.9×1,8161,803—0
FY 2019 Q3Jun 29, 201958,2346,72851,5060.6×27.8%———0.7×1,8141,802—0
FY 2019 Q2Mar 30, 201956,96110,10846,8530.55×26.57%———0.77×1,5371,530——
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · DIS, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.