Algonquin Power & Utilities annual debt-to-equity ratio
2017
2018
2019
2020
2021
2022
2023
2024
2025
Algonquin Power & Utilities Debt-to-Equity Ratio Growth & History (AQN)
Algonquin Power & Utilities's debt-to-equity ratio was 1.67 for fiscal 2025.
View full Algonquin Power & Utilities company overviewAlgonquin Power & Utilities annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.67 | 0.22 | +15.25% |
| 2024 | 2024-12-31 | 1.45 | −0.19 | −11.68% |
| 2023 | 2023-12-31 | 1.64 | 0.06 | +4.02% |
| 2022 | 2022-12-31 | 1.58 | 0.43 | +37.79% |
| 2021 | 2021-12-31 | 1.15 | 0.23 | +25.57% |
| 2020 | 2020-12-31 | 0.91 | −0.20 | −18.14% |
| 2019 | 2019-12-31 | 1.11 | −0.04 | −3.30% |
| 2018 | 2018-12-31 | 1.15 | −0.06 | −4.82% |
| 2017 | 2017-12-31 | 1.21 | — | — |
Algonquin Power & Utilities quarterly debt-to-equity ratio
Q4.17
Q2.18
Q4.18
Q2.19
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
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 | 1.44 | −0.18 | −11.38% |
| Q1 2026 | 2026-03-31 | 1.44 | — | — |
| Q4 2025 | 2025-12-31 | 1.67 | 0.22 | +15.25% |
| Q3 2025 | 2025-09-30 | 1.39 | — | — |
| Q2 2025 | 2025-06-30 | 1.62 | 0.14 | +9.11% |
| Q4 2024 | 2024-12-31 | 1.45 | −0.19 | −11.68% |
| Q2 2024 | 2024-06-30 | 1.49 | −0.22 | −13.13% |
| Q4 2023 | 2023-12-31 | 1.64 | 0.06 | +4.02% |
| Q2 2023 | 2023-06-30 | 1.71 | 0.23 | +15.49% |
| Q4 2022 | 2022-12-31 | 1.58 | 0.43 | +37.79% |
| Q2 2022 | 2022-06-30 | 1.48 | 0.12 | +9.16% |
| Q4 2021 | 2021-12-31 | 1.15 | 0.23 | +25.57% |
| Q2 2021 | 2021-06-30 | 1.36 | 0.16 | +13.46% |
| Q4 2020 | 2020-12-31 | 0.91 | −0.20 | −18.14% |
| Q2 2020 | 2020-06-30 | 1.20 | −0.02 | −1.62% |
| Q4 2019 | 2019-12-31 | 1.11 | −0.04 | −3.30% |
| Q2 2019 | 2019-06-30 | 1.21 | −0.10 | −7.75% |
| Q4 2018 | 2018-12-31 | 1.15 | 0.02 | +1.69% |
| Q2 2018 | 2018-06-30 | 1.32 | — | — |
| Q4 2017 | 2017-12-31 | 1.13 | — | — |
Algonquin Power & Utilities debt-to-equity ratio trends
Over the last five fiscal years, Algonquin Power & Utilities's debt-to-equity ratio increased from 0.91 to 1.67, a change of 0.76. The latest reported quarter, Q2 2026, shows 1.44.
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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