The research in this area explored the relationship between the capital structure and the financial performance of EAST AFRICAN BREWERIES, a company listed on the NSE market. The two major decision areas for a firm included financing and investment. How a firm was financed was of great importance to managers and providers of funds, including stakeholders. The capital structure variables and independent variables considered in this study included debt finance, equity finance, and hybrid finance. The research employed a descriptive design. Several theories were utilized, including the Trade-Off Theory, Modigliani and Miller Theory, and the Market Timing Theory, which explained the variation in price per share. Secondary data obtained from the NSE database was used to carry out this study. The relevant data were collected and analyzed using the regression analysis model, standard deviation, and mean.