Arrow Financial annual debt-to-equity ratio
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Arrow Financial Debt-to-Equity Ratio Growth & History (AROW)
Arrow Financial's debt-to-equity ratio was 0.04 for fiscal 2025.
View full Arrow Financial company overviewArrow Financial annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.04 | −0.03 | −38.73% |
| 2024 | 2024-12-31 | 0.07 | −0.05 | −40.72% |
| 2023 | 2023-12-31 | 0.11 | −0.15 | −56.99% |
| 2022 | 2022-12-31 | 0.26 | 0.11 | +71.42% |
| 2021 | 2021-12-31 | 0.15 | −0.06 | −29.41% |
| 2020 | 2020-12-31 | 0.22 | −0.52 | −70.29% |
| 2019 | 2019-12-31 | 0.74 | −0.50 | −40.54% |
| 2018 | 2018-12-31 | 1.24 | 0.34 | +37.32% |
| 2017 | 2017-12-31 | 0.90 | −0.02 | −1.86% |
| 2016 | 2016-12-31 | 0.92 | 0.17 | +22.68% |
| 2015 | 2015-12-31 | 0.75 | 0.40 | +113.58% |
| 2014 | 2014-12-31 | 0.35 | −0.09 | −20.56% |
| 2013 | 2013-12-31 | 0.44 | 0.03 | +8.22% |
| 2012 | 2012-12-31 | 0.41 | −0.24 | −37.36% |
| 2011 | 2011-12-31 | 0.65 | — | — |
Arrow Financial quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.71 | 0.66 | +1475.91% |
| Q1 2026 | 2026-03-31 | 0.03 | 0.01 | +29.57% |
| Q4 2025 | 2025-12-31 | 0.04 | −0.03 | −38.73% |
| Q3 2025 | 2025-09-30 | 0.03 | 0.01 | +28.50% |
| Q2 2025 | 2025-06-30 | 0.04 | 0.02 | +68.14% |
| Q1 2025 | 2025-03-31 | 0.02 | −0.00 | −6.92% |
| Q4 2024 | 2024-12-31 | 0.07 | −0.05 | −40.72% |
| Q3 2024 | 2024-09-30 | 0.03 | −0.00 | −10.52% |
| Q2 2024 | 2024-06-30 | 0.03 | −0.00 | −7.62% |
| Q1 2024 | 2024-03-31 | 0.03 | −0.00 | −9.62% |
| Q4 2023 | 2023-12-31 | 0.11 | −0.15 | −56.99% |
| Q3 2023 | 2023-09-30 | 0.03 | −0.00 | −12.18% |
| Q2 2023 | 2023-06-30 | 0.03 | −0.00 | −12.48% |
| Q1 2023 | 2023-03-31 | 0.03 | −0.00 | −12.56% |
| Q4 2022 | 2022-12-31 | 0.26 | 0.11 | +71.42% |
| Q3 2022 | 2022-09-30 | 0.03 | −0.00 | −3.78% |
| Q2 2022 | 2022-06-30 | 0.03 | 0.00 | +5.52% |
| Q1 2022 | 2022-03-31 | 0.03 | 0.00 | +7.39% |
| Q4 2021 | 2021-12-31 | 0.15 | −0.06 | −29.41% |
| Q3 2021 | 2021-09-30 | 0.03 | 0.00 | +1.64% |
| Q2 2021 | 2021-06-30 | 0.03 | −0.00 | −9.45% |
| Q1 2021 | 2021-03-31 | 0.03 | −0.00 | −10.67% |
| Q4 2020 | 2020-12-31 | 0.22 | −0.52 | −70.29% |
| Q3 2020 | 2020-09-30 | 0.03 | −0.00 | −12.96% |
| Q2 2020 | 2020-06-30 | 0.03 | −0.00 | −12.25% |
| Q1 2020 | 2020-03-31 | 0.04 | 0.00 | +13.00% |
| Q4 2019 | 2019-12-31 | 0.74 | −0.50 | −40.54% |
| Q3 2019 | 2019-09-30 | 0.04 | — | — |
| Q2 2019 | 2019-06-30 | 0.04 | — | — |
| Q1 2019 | 2019-03-31 | 0.03 | — | — |
| Q4 2018 | 2018-12-31 | 1.24 | 0.34 | +37.32% |
| Q4 2017 | 2017-12-31 | 0.90 | −0.02 | −1.86% |
| Q4 2016 | 2016-12-31 | 0.92 | 0.17 | +22.68% |
| Q4 2015 | 2015-12-31 | 0.75 | 0.40 | +113.58% |
| Q4 2014 | 2014-12-31 | 0.35 | −0.09 | −20.56% |
| Q4 2013 | 2013-12-31 | 0.44 | 0.03 | +8.22% |
| Q4 2012 | 2012-12-31 | 0.41 | −0.24 | −37.36% |
| Q4 2011 | 2011-12-31 | 0.65 | — | — |
Arrow Financial debt-to-equity ratio trends
Over the last five fiscal years, Arrow Financial's debt-to-equity ratio decreased from 0.22 to 0.04, a change of −0.18. The latest reported quarter, Q2 2026, shows 0.71.
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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