Advantage Solutions annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
Advantage Solutions Debt-to-Equity Ratio Growth & History (ADV)
Advantage Solutions's debt-to-equity ratio was 3.08 for fiscal 2025.
View full Advantage Solutions company overviewAdvantage Solutions annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.08 | 0.76 | +32.68% |
| 2024 | 2024-12-31 | 2.32 | 0.59 | +34.33% |
| 2023 | 2023-12-31 | 1.73 | −0.15 | −8.16% |
| 2022 | 2022-12-31 | 1.88 | 1.03 | +122.06% |
| 2021 | 2021-12-31 | 0.85 | −0.04 | −4.94% |
| 2020 | 2020-12-31 | 0.89 | −1.21 | −57.62% |
| 2019 | 2019-12-31 | 2.10 | — | — |
Advantage Solutions quarterly debt-to-equity ratio
Q4.19
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 3.84 | 1.38 | +56.35% |
| Q1 2026 | 2026-03-31 | 3.24 | 0.82 | +34.08% |
| Q4 2025 | 2025-12-31 | 3.08 | 0.76 | +32.68% |
| Q3 2025 | 2025-09-30 | 2.36 | 0.54 | +29.61% |
| Q2 2025 | 2025-06-30 | 2.45 | 0.62 | +34.01% |
| Q1 2025 | 2025-03-31 | 2.41 | 0.74 | +44.49% |
| Q4 2024 | 2024-12-31 | 2.32 | 0.59 | +34.33% |
| Q3 2024 | 2024-09-30 | 1.82 | 0.03 | +1.67% |
| Q2 2024 | 2024-06-30 | 1.83 | 0.01 | +0.83% |
| Q1 2024 | 2024-03-31 | 1.67 | −0.20 | −10.77% |
| Q4 2023 | 2023-12-31 | 1.73 | −0.15 | −8.16% |
| Q3 2023 | 2023-09-30 | 1.79 | 0.99 | +122.33% |
| Q2 2023 | 2023-06-30 | 1.82 | 0.99 | +118.61% |
| Q1 2023 | 2023-03-31 | 1.87 | 1.06 | +129.98% |
| Q4 2022 | 2022-12-31 | 1.88 | 1.03 | +122.06% |
| Q3 2022 | 2022-09-30 | 0.81 | −0.02 | −2.53% |
| Q2 2022 | 2022-06-30 | 0.83 | −0.01 | −0.73% |
| Q1 2022 | 2022-03-31 | 0.81 | −0.03 | −3.31% |
| Q4 2021 | 2021-12-31 | 0.85 | −0.04 | −4.94% |
| Q3 2021 | 2021-09-30 | 0.83 | — | — |
| Q2 2021 | 2021-06-30 | 0.84 | — | — |
| Q1 2021 | 2021-03-31 | 0.84 | — | — |
| Q4 2020 | 2020-12-31 | 0.89 | −1.21 | −57.62% |
| Q4 2019 | 2019-12-31 | 2.10 | — | — |
Advantage Solutions debt-to-equity ratio trends
Over the last five fiscal years, Advantage Solutions's debt-to-equity ratio increased from 0.89 to 3.08, a change of 2.19. The latest reported quarter, Q2 2026, shows 3.84.
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 SEC-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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