Smith A O annual debt-to-equity ratio
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2025
Smith A O Debt-to-Equity Ratio Growth & History (AOS)
Smith A O's debt-to-equity ratio was 0.11 for fiscal 2025.
View full Smith A O company overviewSmith A O annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.11 | −0.01 | −9.79% |
| 2024 | 2024-12-31 | 0.12 | 0.03 | +33.85% |
| 2023 | 2023-12-31 | 0.09 | −0.13 | −58.05% |
| 2022 | 2022-12-31 | 0.22 | 0.09 | +71.23% |
| 2021 | 2021-12-31 | 0.13 | 0.04 | +46.65% |
| 2020 | 2020-12-31 | 0.09 | −0.11 | −57.24% |
| 2019 | 2019-12-31 | 0.20 | 0.07 | +55.73% |
| 2018 | 2018-12-31 | 0.13 | −0.12 | −48.32% |
| 2017 | 2017-12-31 | 0.25 | 0.04 | +16.53% |
| 2016 | 2016-12-31 | 0.21 | 0.04 | +24.02% |
| 2015 | 2015-12-31 | 0.17 | 0.01 | +6.55% |
| 2014 | 2014-12-31 | 0.16 | 0.02 | +12.18% |
| 2013 | 2013-12-31 | 0.14 | −0.06 | −29.23% |
| 2012 | 2012-12-31 | 0.20 | −0.22 | −51.99% |
| 2011 | 2011-12-31 | 0.43 | 0.13 | +43.56% |
| 2010 | 2010-12-31 | 0.30 | −0.02 | −7.63% |
| 2009 | 2009-12-31 | 0.32 | — | — |
Smith A O quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.37 | 0.19 | +104.51% |
| Q1 2026 | 2026-03-31 | 0.35 | 0.19 | +119.84% |
| Q4 2025 | 2025-12-31 | 0.11 | −0.01 | −9.79% |
| Q3 2025 | 2025-09-30 | 0.12 | 0.05 | +60.66% |
| Q2 2025 | 2025-06-30 | 0.18 | 0.09 | +108.00% |
| Q1 2025 | 2025-03-31 | 0.16 | 0.08 | +104.82% |
| Q4 2024 | 2024-12-31 | 0.12 | 0.03 | +33.85% |
| Q3 2024 | 2024-09-30 | 0.07 | −0.01 | −14.77% |
| Q2 2024 | 2024-06-30 | 0.09 | −0.04 | −32.30% |
| Q1 2024 | 2024-03-31 | 0.08 | −0.13 | −62.97% |
| Q4 2023 | 2023-12-31 | 0.09 | −0.13 | −58.05% |
| Q3 2023 | 2023-09-30 | 0.09 | −0.10 | −52.23% |
| Q2 2023 | 2023-06-30 | 0.13 | −0.06 | −30.94% |
| Q1 2023 | 2023-03-31 | 0.21 | 0.03 | +14.64% |
| Q4 2022 | 2022-12-31 | 0.22 | 0.09 | +71.23% |
| Q3 2022 | 2022-09-30 | 0.18 | 0.10 | +132.77% |
| Q2 2022 | 2022-06-30 | 0.18 | 0.10 | +120.00% |
| Q1 2022 | 2022-03-31 | 0.18 | 0.10 | +118.86% |
| Q4 2021 | 2021-12-31 | 0.13 | 0.04 | +46.65% |
| Q3 2021 | 2021-09-30 | 0.08 | −0.01 | −13.87% |
| Q2 2021 | 2021-06-30 | 0.08 | −0.12 | −57.83% |
| Q1 2021 | 2021-03-31 | 0.08 | −0.16 | −65.48% |
| Q4 2020 | 2020-12-31 | 0.09 | −0.11 | −57.24% |
| Q3 2020 | 2020-09-30 | 0.09 | −0.13 | −59.14% |
| Q2 2020 | 2020-06-30 | 0.20 | −0.04 | −16.34% |
| Q1 2020 | 2020-03-31 | 0.24 | 0.05 | +25.33% |
| Q4 2019 | 2019-12-31 | 0.20 | 0.07 | +55.73% |
| Q3 2019 | 2019-09-30 | 0.22 | 0.11 | +103.52% |
| Q2 2019 | 2019-06-30 | 0.24 | 0.09 | +65.96% |
| Q1 2019 | 2019-03-31 | 0.19 | 0.02 | +12.52% |
| Q4 2018 | 2018-12-31 | 0.13 | −0.12 | −48.32% |
| Q3 2018 | 2018-09-30 | 0.11 | −0.16 | −59.23% |
| Q2 2018 | 2018-06-30 | 0.14 | −0.09 | −38.31% |
| Q1 2018 | 2018-03-31 | 0.17 | −0.06 | −27.23% |
| Q4 2017 | 2017-12-31 | 0.25 | 0.04 | +16.53% |
| Q3 2017 | 2017-09-30 | 0.27 | 0.05 | +22.49% |
| Q2 2017 | 2017-06-30 | 0.23 | 0.04 | +22.05% |
| Q1 2017 | 2017-03-31 | 0.24 | 0.04 | +21.36% |
| Q4 2016 | 2016-12-31 | 0.21 | 0.04 | +24.02% |
| Q3 2016 | 2016-09-30 | 0.22 | 0.04 | +20.19% |
| Q2 2016 | 2016-06-30 | 0.19 | −0.00 | −2.15% |
| Q1 2016 | 2016-03-31 | 0.19 | −0.02 | −10.16% |
| Q4 2015 | 2015-12-31 | 0.17 | 0.01 | +6.55% |
| Q3 2015 | 2015-09-30 | 0.18 | −0.00 | −0.93% |
| Q2 2015 | 2015-06-30 | 0.19 | 0.01 | +5.46% |
| Q1 2015 | 2015-03-31 | 0.22 | 0.05 | +28.00% |
| Q4 2014 | 2014-12-31 | 0.16 | 0.02 | +12.18% |
| Q3 2014 | 2014-09-30 | 0.19 | 0.00 | +1.76% |
| Q2 2014 | 2014-06-30 | 0.18 | 0.02 | +10.80% |
| Q1 2014 | 2014-03-31 | 0.17 | −0.02 | −8.86% |
| Q4 2013 | 2013-12-31 | 0.14 | −0.06 | −29.23% |
| Q3 2013 | 2013-09-30 | 0.18 | −0.05 | −22.51% |
| Q2 2013 | 2013-06-30 | 0.17 | −0.08 | −32.24% |
| Q1 2013 | 2013-03-31 | 0.19 | −0.09 | −33.74% |
| Q4 2012 | 2012-12-31 | 0.20 | −0.22 | −51.99% |
| Q3 2012 | 2012-09-30 | 0.23 | −0.12 | −33.23% |
| Q2 2012 | 2012-06-30 | 0.25 | −0.14 | −36.51% |
| Q1 2012 | 2012-03-31 | 0.28 | −0.09 | −24.08% |
| Q4 2011 | 2011-12-31 | 0.43 | 0.13 | +43.56% |
| Q3 2011 | 2011-09-30 | 0.35 | 0.03 | +9.53% |
| Q2 2011 | 2011-06-30 | 0.39 | 0.09 | +30.48% |
| Q1 2011 | 2011-03-31 | 0.37 | — | — |
| Q4 2010 | 2010-12-31 | 0.30 | −0.02 | −7.63% |
| Q3 2010 | 2010-09-30 | 0.32 | — | — |
| Q2 2010 | 2010-06-30 | 0.30 | — | — |
| Q4 2009 | 2009-12-31 | 0.32 | — | — |
Smith A O debt-to-equity ratio trends
Over the last five fiscal years, Smith A O's debt-to-equity ratio increased from 0.09 to 0.11, a change of 0.02. The latest reported quarter, Q2 2026, shows 0.37.
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.
Review Smith A O source filings ↗