Armstrong World Industries annual debt-to-equity ratio
2010
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2024
2025
Armstrong World Industries Debt-to-Equity Ratio Growth & History (AWI)
Armstrong World Industries's debt-to-equity ratio was 0.55 for fiscal 2025.
View full Armstrong World Industries company overviewArmstrong World Industries annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.55 | −0.24 | −30.80% |
| 2024 | 2024-12-31 | 0.79 | −0.29 | −26.78% |
| 2023 | 2023-12-31 | 1.08 | −0.20 | −15.73% |
| 2022 | 2022-12-31 | 1.28 | −0.01 | −0.63% |
| 2021 | 2021-12-31 | 1.29 | −0.38 | −22.89% |
| 2020 | 2020-12-31 | 1.68 | −0.09 | −5.35% |
| 2019 | 2019-12-31 | 1.77 | −1.86 | −51.19% |
| 2018 | 2018-12-31 | 3.63 | 1.41 | +63.88% |
| 2017 | 2017-12-31 | 2.21 | −1.07 | −32.50% |
| 2016 | 2016-12-31 | 3.28 | 1.99 | +155.10% |
| 2015 | 2015-12-31 | 1.29 | −0.32 | −19.97% |
| 2014 | 2014-12-31 | 1.61 | 0.02 | +1.39% |
| 2013 | 2013-12-31 | 1.58 | 0.09 | +6.37% |
| 2012 | 2012-12-31 | 1.49 | 0.74 | +99.68% |
| 2011 | 2011-12-31 | 0.75 | −0.06 | −7.01% |
| 2010 | 2010-12-31 | 0.80 | — | — |
Armstrong World Industries 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 | 0.66 | −0.02 | −2.27% |
| Q1 2026 | 2026-03-31 | 0.64 | −0.11 | −15.03% |
| Q4 2025 | 2025-12-31 | 0.55 | −0.24 | −30.80% |
| Q3 2025 | 2025-09-30 | 0.56 | −0.31 | −35.58% |
| Q2 2025 | 2025-06-30 | 0.67 | −0.39 | −36.88% |
| Q1 2025 | 2025-03-31 | 0.75 | −0.27 | −26.35% |
| Q4 2024 | 2024-12-31 | 0.79 | −0.29 | −26.78% |
| Q3 2024 | 2024-09-30 | 0.87 | — | — |
| Q2 2024 | 2024-06-30 | 1.06 | −0.17 | −13.93% |
| Q1 2024 | 2024-03-31 | 1.02 | −0.27 | −20.67% |
| Q4 2023 | 2023-12-31 | 1.08 | −0.20 | −15.73% |
| Q2 2023 | 2023-06-30 | 1.23 | — | — |
| Q1 2023 | 2023-03-31 | 1.28 | — | — |
| Q4 2022 | 2022-12-31 | 1.28 | −0.01 | −0.63% |
| Q3 2022 | 2022-09-30 | 1.38 | 0.11 | +8.25% |
| Q4 2021 | 2021-12-31 | 1.29 | −0.38 | −22.89% |
| Q3 2021 | 2021-09-30 | 1.28 | −0.36 | −21.79% |
| Q2 2021 | 2021-06-30 | 1.44 | −0.27 | −15.83% |
| Q1 2021 | 2021-03-31 | 1.58 | −0.46 | −22.38% |
| Q4 2020 | 2020-12-31 | 1.68 | −0.09 | −5.35% |
| Q3 2020 | 2020-09-30 | 1.63 | −0.24 | −12.61% |
| Q2 2020 | 2020-06-30 | 1.71 | −1.69 | −49.64% |
| Q1 2020 | 2020-03-31 | 2.04 | −1.39 | −40.56% |
| Q4 2019 | 2019-12-31 | 1.77 | −1.86 | −51.19% |
| Q3 2019 | 2019-09-30 | 1.87 | −0.93 | −33.28% |
| Q2 2019 | 2019-06-30 | 3.40 | 1.14 | +50.37% |
| Q1 2019 | 2019-03-31 | 3.43 | 1.15 | +50.10% |
| Q4 2018 | 2018-12-31 | 3.63 | 1.41 | +63.88% |
| Q3 2018 | 2018-09-30 | 2.80 | 0.46 | +19.45% |
| Q2 2018 | 2018-06-30 | 2.26 | −0.70 | −23.56% |
| Q1 2018 | 2018-03-31 | 2.29 | −0.99 | −30.19% |
| Q4 2017 | 2017-12-31 | 2.21 | −1.07 | −32.50% |
| Q3 2017 | 2017-09-30 | 2.34 | −1.03 | −30.53% |
| Q2 2017 | 2017-06-30 | 2.96 | −1.36 | −31.41% |
| Q1 2017 | 2017-03-31 | 3.27 | 2.00 | +157.84% |
| Q4 2016 | 2016-12-31 | 3.28 | 1.99 | +155.10% |
| Q3 2016 | 2016-09-30 | 3.37 | 2.08 | +160.50% |
| Q2 2016 | 2016-06-30 | 4.32 | 2.95 | +214.88% |
| Q1 2016 | 2016-03-31 | 1.27 | −0.22 | −14.48% |
| Q4 2015 | 2015-12-31 | 1.29 | −0.32 | −19.97% |
| Q3 2015 | 2015-09-30 | 1.29 | −0.06 | −4.23% |
| Q2 2015 | 2015-06-30 | 1.37 | −0.14 | −9.26% |
| Q1 2015 | 2015-03-31 | 1.48 | −0.08 | −4.82% |
| Q4 2014 | 2014-12-31 | 1.61 | 0.02 | +1.39% |
| Q3 2014 | 2014-09-30 | 1.35 | −0.49 | −26.62% |
| Q2 2014 | 2014-06-30 | 1.51 | 0.14 | +10.11% |
| Q1 2014 | 2014-03-31 | 1.56 | 0.10 | +7.13% |
| Q4 2013 | 2013-12-31 | 1.58 | 0.09 | +6.37% |
| Q3 2013 | 2013-09-30 | 1.84 | — | — |
| Q2 2013 | 2013-06-30 | 1.37 | −0.20 | −12.89% |
| Q1 2013 | 2013-03-31 | 1.46 | −0.21 | −12.39% |
| Q4 2012 | 2012-12-31 | 1.49 | 0.74 | +99.68% |
| Q2 2012 | 2012-06-30 | 1.58 | 0.85 | +118.19% |
| Q1 2012 | 2012-03-31 | 1.66 | — | — |
| Q4 2011 | 2011-12-31 | 0.75 | −0.06 | −7.01% |
| Q3 2011 | 2011-09-30 | 0.70 | — | — |
| Q2 2011 | 2011-06-30 | 0.72 | — | — |
| Q4 2010 | 2010-12-31 | 0.80 | — | — |
Armstrong World Industries debt-to-equity ratio trends
Over the last five fiscal years, Armstrong World Industries's debt-to-equity ratio decreased from 1.68 to 0.55, a change of −1.13. The latest reported quarter, Q2 2026, shows 0.66.
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 Armstrong World Industries source filings ↗