AdaptHealth annual debt-to-equity ratio
2018
2020
2021
2022
2023
2024
2025
AdaptHealth Debt-to-Equity Ratio Growth & History (AHCO)
AdaptHealth's debt-to-equity ratio was 1.25 for fiscal 2025.
View full AdaptHealth company overviewAdaptHealth annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.25 | −0.10 | −7.59% |
| 2024 | 2024-12-31 | 1.36 | −0.22 | −13.82% |
| 2023 | 2023-12-31 | 1.57 | 0.49 | +45.33% |
| 2022 | 2022-12-31 | 1.08 | −0.07 | −5.84% |
| 2021 | 2021-12-31 | 1.15 | −1.13 | −49.49% |
| 2020 | 2020-12-31 | 2.28 | — | — |
| 2018 | 2018-12-31 | 31.03 | — | — |
AdaptHealth quarterly debt-to-equity ratio
Q4.18
Q3.20
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 | 1.50 | 0.27 | +21.95% |
| Q1 2026 | 2026-03-31 | 1.33 | −0.01 | −1.04% |
| Q4 2025 | 2025-12-31 | 1.25 | −0.10 | −7.59% |
| Q3 2025 | 2025-09-30 | 1.18 | −0.26 | −18.05% |
| Q2 2025 | 2025-06-30 | 1.23 | −0.27 | −18.11% |
| Q1 2025 | 2025-03-31 | 1.34 | −0.26 | −16.38% |
| Q4 2024 | 2024-12-31 | 1.36 | −0.22 | −13.82% |
| Q3 2024 | 2024-09-30 | 1.44 | 0.11 | +8.11% |
| Q2 2024 | 2024-06-30 | 1.50 | 0.44 | +41.43% |
| Q1 2024 | 2024-03-31 | 1.60 | 0.52 | +47.83% |
| Q4 2023 | 2023-12-31 | 1.57 | 0.49 | +45.33% |
| Q3 2023 | 2023-09-30 | 1.33 | 0.25 | +23.03% |
| Q2 2023 | 2023-06-30 | 1.06 | −0.04 | −3.30% |
| Q1 2023 | 2023-03-31 | 1.09 | −0.03 | −2.50% |
| Q4 2022 | 2022-12-31 | 1.08 | −0.07 | −5.84% |
| Q3 2022 | 2022-09-30 | 1.08 | −0.12 | −9.73% |
| Q2 2022 | 2022-06-30 | 1.10 | 0.09 | +9.27% |
| Q1 2022 | 2022-03-31 | 1.11 | 0.11 | +11.38% |
| Q4 2021 | 2021-12-31 | 1.15 | −1.13 | −49.49% |
| Q3 2021 | 2021-09-30 | 1.20 | −0.89 | −42.56% |
| Q2 2021 | 2021-06-30 | 1.00 | — | — |
| Q1 2021 | 2021-03-31 | 1.00 | — | — |
| Q4 2020 | 2020-12-31 | 2.28 | — | — |
| Q3 2020 | 2020-09-30 | 2.08 | — | — |
| Q4 2018 | 2018-12-31 | 31.03 | — | — |
AdaptHealth debt-to-equity ratio trends
Over the last five fiscal years, AdaptHealth's debt-to-equity ratio decreased from 2.28 to 1.25, a change of −1.02. The latest reported quarter, Q2 2026, shows 1.50.
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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