Azul SA annual debt-to-assets ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Azul SA Debt-to-Assets Ratio Growth & History (AZUL)
Azul SA's debt-to-assets ratio was 1.51 for fiscal 2025.
View full Azul SA company overviewAzul SA annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.51 | 0.13 | +9.35% |
| 2024 | 2024-12-31 | 1.38 | 0.17 | +14.36% |
| 2023 | 2023-12-31 | 1.21 | 0.04 | +3.84% |
| 2022 | 2022-12-31 | 1.17 | −0.08 | −6.25% |
| 2021 | 2021-12-31 | 1.24 | −0.02 | −1.25% |
| 2020 | 2020-12-31 | 1.26 | 0.44 | +54.66% |
| 2019 | 2019-12-31 | 0.81 | 0.09 | +12.19% |
| 2018 | 2018-12-31 | 0.73 | −0.05 | −6.80% |
| 2017 | 2017-12-31 | 0.78 | 0.30 | +62.08% |
| 2016 | 2016-12-31 | 0.48 | — | — |
Azul SA quarterly debt-to-assets ratio
Q4.16
Q4.17
Q1.18
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.70 | −0.61 | −46.67% |
| Q1 2026 | 2026-03-31 | 0.66 | −0.74 | −52.84% |
| Q4 2025 | 2025-12-31 | 1.51 | 0.13 | +9.35% |
| Q3 2025 | 2025-09-30 | 1.37 | — | — |
| Q2 2025 | 2025-06-30 | 1.30 | — | — |
| Q1 2025 | 2025-03-31 | 1.40 | — | — |
| Q4 2024 | 2024-12-31 | 1.38 | 0.17 | +14.36% |
| Q4 2023 | 2023-12-31 | 1.21 | 0.04 | +3.84% |
| Q4 2022 | 2022-12-31 | 1.17 | −0.08 | −6.25% |
| Q4 2021 | 2021-12-31 | 1.24 | −0.02 | −1.25% |
| Q4 2020 | 2020-12-31 | 1.26 | 0.44 | +54.66% |
| Q4 2019 | 2019-12-31 | 0.81 | 0.09 | +12.19% |
| Q4 2018 | 2018-12-31 | 0.73 | −0.05 | −6.80% |
| Q1 2018 | 2018-03-31 | 0.33 | — | — |
| Q4 2017 | 2017-12-31 | 0.78 | 0.30 | +62.08% |
| Q4 2016 | 2016-12-31 | 0.48 | — | — |
Azul SA debt-to-assets ratio trends
Over the last five fiscal years, Azul SA's debt-to-assets ratio increased from 1.26 to 1.51, a change of 0.25. The latest reported quarter, Q2 2026, shows 0.70.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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