Historical Debt to Equity Ratio Data
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| Date | Value |
|---|---|
| December 31, 2023 | 0.9183 |
| September 30, 2023 | 0.9204 |
| June 30, 2023 | 0.8304 |
| March 31, 2023 | 0.7981 |
| December 31, 2022 | 0.7215 |
| September 30, 2022 | 0.6996 |
| June 30, 2022 | 0.661 |
| March 31, 2022 | 0.6124 |
| December 31, 2021 | 0.5489 |
| September 30, 2021 | 0.6259 |
| June 30, 2021 | 0.6746 |
| March 31, 2021 | 0.6499 |
| December 31, 2020 | 0.6568 |
| September 30, 2020 | 0.7138 |
| June 30, 2020 | 0.7543 |
| March 31, 2020 | 0.8117 |
| December 31, 2019 | 0.7647 |
| September 30, 2019 | 0.7442 |
| June 30, 2019 | 0.7426 |
| March 31, 2019 | 0.7664 |
| December 31, 2018 | 0.7125 |
| September 30, 2018 | 0.6756 |
| June 30, 2018 | 0.6836 |
| March 31, 2018 | 0.7181 |
| December 31, 2017 | 0.6501 |
| Date | Value |
|---|---|
| September 30, 2017 | 0.6904 |
| June 30, 2017 | 0.7014 |
| March 31, 2017 | 0.734 |
| December 31, 2016 | 0.7369 |
| September 30, 2016 | 0.7075 |
| June 30, 2016 | 0.6968 |
| March 31, 2016 | 0.6855 |
| December 31, 2015 | 0.6975 |
| September 30, 2015 | 0.7248 |
| June 30, 2015 | 0.6696 |
| March 31, 2015 | 0.6842 |
| December 31, 2014 | 0.6215 |
| September 30, 2014 | 0.5704 |
| June 30, 2014 | 0.5742 |
| March 31, 2014 | 0.6261 |
| December 31, 2013 | 0.6053 |
| September 30, 2013 | 0.6482 |
| June 30, 2013 | 0.6555 |
| March 31, 2013 | 0.6669 |
| December 31, 2012 | 0.6262 |
| September 30, 2012 | 0.5704 |
| June 30, 2012 | 0.6069 |
| March 31, 2012 | 0.6171 |
| December 31, 2011 | 0.6157 |
| September 30, 2011 | 0.5493 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
0.5489
Minimum
Dec 2021
0.9204
Maximum
Sep 2023
0.7289
Average
0.7215
Median
Dec 2022
Debt to Equity Ratio Benchmarks
| Canadian Pacific Kansas City Ltd | 0.5421 |
| TFI International Inc | 0.7271 |
| Mullen Group Ltd | 0.6828 |
| Cargojet Inc | 0.8669 |
| Andlauer Healthcare Group Inc | 0.0529 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 52.67B |
| Total Liabilities (Quarterly) | 32.55B |
| Shareholders Equity (Quarterly) | 20.12B |
| Current Ratio | 0.6135 |
| Net Debt Paydown Yield | -0.58% |
