There have been many studies done on the variables that affect earnings per share, but the results are not consistent in the different samples and periods. This study aims to provide empirical evidence of the influence of debt management  with total debt to total assets, earnings per share of food and beverage companies listed on the Indonesia Stock Exchange 2006-2009. Based on data analysis firms that have positive earnings per share during the period, not enough evidence to accept the hypothesis there is the influence of the management of debt to earnings per share.

Key words: total debt to total assets, earnings per share.