Airtel Africa annual debt-to-equity ratio
2021
2022
2023
2024
2025
2026
Airtel Africa Debt-to-Equity Ratio Growth & History (AAF)
Airtel Africa's debt-to-equity ratio was 2.04 for fiscal 2026.
View full Airtel Africa company overviewAirtel Africa annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | 2.04 | −0.37 | −15.35% |
| 2025 | 2025-03-31 | 2.41 | 0.34 | +16.48% |
| 2024 | 2024-03-31 | 2.07 | 0.90 | +77.73% |
| 2023 | 2023-03-31 | 1.16 | 0.04 | +3.52% |
| 2022 | 2022-03-31 | 1.12 | −0.23 | −17.18% |
| 2021 | 2021-03-31 | 1.36 | — | — |
Airtel Africa quarterly debt-to-equity ratio
Q3.25
Q4.25
Q1.26
Q3.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-03-31 | 2.04 | −0.37 | −15.35% |
| Q3 2026 | 2025-12-31 | 2.23 | −0.20 | −8.16% |
| Q1 2026 | 2025-06-30 | 2.38 | — | — |
| Q4 2025 | 2025-03-31 | 2.41 | — | — |
| Q3 2025 | 2024-12-31 | 2.43 | — | — |
Airtel Africa debt-to-equity ratio trends
Over the last five fiscal years, Airtel Africa's debt-to-equity ratio increased from 1.36 to 2.04, a change of 0.68. The latest reported quarter, Q4 2026, shows 2.04.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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