Azz annual debt-to-equity ratio
2010
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2025
Azz Debt-to-Equity Ratio Growth & History (AZZ)
Azz's debt-to-equity ratio was 0.40 for fiscal 2025.
View full Azz company overviewAzz annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-02-28 | 0.40 | −0.44 | −52.11% |
| 2024 | 2025-02-28 | 0.84 | −0.55 | −39.70% |
| 2023 | 2024-02-29 | 1.39 | −0.36 | −20.36% |
| 2022 | 2023-02-28 | 1.75 | 1.35 | +333.77% |
| 2021 | 2022-02-28 | 0.40 | 0.05 | +15.62% |
| 2020 | 2021-02-28 | 0.35 | −0.04 | −10.44% |
| 2019 | 2020-02-29 | 0.39 | −0.09 | −18.16% |
| 2018 | 2019-02-28 | 0.48 | −0.06 | −10.52% |
| 2017 | 2018-02-28 | 0.53 | 0.02 | +4.57% |
| 2016 | 2017-02-28 | 0.51 | −0.05 | −9.15% |
| 2015 | 2016-02-29 | 0.56 | −0.21 | −26.95% |
| 2014 | 2015-02-28 | 0.77 | −0.30 | −28.20% |
| 2013 | 2014-02-28 | 1.07 | 0.44 | +69.32% |
| 2012 | 2013-02-28 | 0.63 | −0.15 | −19.34% |
| 2011 | 2012-02-29 | 0.78 | −0.10 | −10.98% |
| 2010 | 2011-02-28 | 0.88 | — | — |
Azz quarterly debt-to-equity ratio
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Q2.13
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Q2.25
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Q1.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-05-31 | 0.39 | −0.10 | −19.92% |
| Q4 2025 | 2026-02-28 | 0.40 | −0.44 | −52.11% |
| Q3 2025 | 2025-11-30 | 0.43 | −0.45 | −51.20% |
| Q2 2025 | 2025-08-31 | 0.46 | −0.48 | −51.01% |
| Q1 2025 | 2025-05-31 | 0.49 | −0.49 | −50.01% |
| Q4 2024 | 2025-02-28 | 0.84 | −0.55 | −39.70% |
| Q3 2024 | 2024-11-30 | 0.88 | −0.58 | −39.71% |
| Q2 2024 | 2024-08-31 | 0.94 | −0.61 | −39.50% |
| Q1 2024 | 2024-05-31 | 0.99 | −0.69 | −41.15% |
| Q4 2023 | 2024-02-29 | 1.39 | −0.36 | −20.36% |
| Q3 2023 | 2023-11-30 | 1.46 | 0.23 | +18.68% |
| Q2 2023 | 2023-08-31 | 1.55 | 0.06 | +4.06% |
| Q1 2023 | 2023-05-31 | 1.67 | −0.74 | −30.61% |
| Q4 2022 | 2023-02-28 | 1.75 | 1.35 | +333.77% |
| Q3 2022 | 2022-11-30 | 1.23 | 0.87 | +237.59% |
| Q2 2022 | 2022-08-31 | 1.49 | 1.13 | +315.04% |
| Q1 2022 | 2022-05-31 | 2.41 | 2.05 | +559.35% |
| Q4 2021 | 2022-02-28 | 0.40 | 0.05 | +15.62% |
| Q3 2021 | 2021-11-30 | 0.36 | 0.01 | +2.64% |
| Q2 2021 | 2021-08-31 | 0.36 | 0.02 | +6.12% |
| Q1 2021 | 2021-05-31 | 0.37 | 0.15 | +69.92% |
| Q4 2020 | 2021-02-28 | 0.35 | −0.04 | −10.44% |
| Q3 2020 | 2020-11-30 | 0.36 | −0.11 | −23.91% |
| Q2 2020 | 2020-08-31 | 0.34 | −0.14 | −29.26% |
| Q1 2020 | 2020-05-31 | 0.22 | −0.34 | −61.31% |
| Q4 2019 | 2020-02-29 | 0.39 | −0.09 | −18.16% |
| Q3 2019 | 2019-11-30 | 0.47 | 0.01 | +2.07% |
| Q2 2019 | 2019-08-31 | 0.48 | −0.03 | −5.36% |
| Q1 2019 | 2019-05-31 | 0.56 | −0.00 | −0.26% |
| Q4 2018 | 2019-02-28 | 0.48 | −0.06 | −10.52% |
| Q3 2018 | 2018-11-30 | 0.46 | −0.11 | −18.99% |
| Q2 2018 | 2018-08-31 | 0.50 | −0.05 | −8.30% |
| Q1 2018 | 2018-05-31 | 0.56 | 0.00 | +0.31% |
| Q4 2017 | 2018-02-28 | 0.53 | 0.02 | +4.57% |
| Q3 2017 | 2017-11-30 | 0.56 | −0.03 | −5.82% |
| Q2 2017 | 2017-08-31 | 0.55 | −0.04 | −6.83% |
| Q1 2017 | 2017-05-31 | 0.56 | −0.09 | −13.79% |
| Q4 2016 | 2017-02-28 | 0.51 | −0.05 | −9.15% |
| Q3 2016 | 2016-11-30 | 0.60 | −0.09 | −12.77% |
| Q2 2016 | 2016-08-31 | 0.59 | −0.21 | −26.69% |
| Q1 2016 | 2016-05-31 | 0.65 | −0.19 | −23.12% |
| Q4 2015 | 2016-02-29 | 0.56 | −0.21 | −26.95% |
| Q3 2015 | 2015-11-30 | 0.69 | −0.22 | −24.62% |
| Q2 2015 | 2015-08-31 | 0.80 | −0.17 | −17.78% |
| Q1 2015 | 2015-05-31 | 0.84 | −0.18 | −17.82% |
| Q4 2014 | 2015-02-28 | 0.77 | −0.30 | −28.20% |
| Q3 2014 | 2014-11-30 | 0.91 | −0.25 | −21.83% |
| Q2 2014 | 2014-08-31 | 0.98 | −0.28 | −22.49% |
| Q1 2014 | 2014-05-31 | 1.02 | −0.29 | −21.97% |
| Q4 2013 | 2014-02-28 | 1.07 | 0.44 | +69.32% |
| Q3 2013 | 2013-11-30 | 1.17 | 0.52 | +81.11% |
| Q2 2013 | 2013-08-31 | 1.26 | 0.60 | +89.26% |
| Q1 2013 | 2013-05-31 | 1.31 | 0.61 | +86.61% |
| Q4 2012 | 2013-02-28 | 0.63 | −0.15 | −19.34% |
| Q3 2012 | 2012-11-30 | 0.64 | −0.17 | −20.50% |
| Q2 2012 | 2012-08-31 | 0.67 | −0.16 | −19.69% |
| Q1 2012 | 2012-05-31 | 0.70 | — | — |
| Q4 2011 | 2012-02-29 | 0.78 | −0.10 | −10.98% |
| Q3 2011 | 2011-11-30 | 0.81 | — | — |
| Q2 2011 | 2011-08-31 | 0.83 | — | — |
| Q4 2010 | 2011-02-28 | 0.88 | — | — |
Azz debt-to-equity ratio trends
Over the last five fiscal years, Azz's debt-to-equity ratio increased from 0.35 to 0.40, a change of 0.05. The latest reported quarter, Q1 2026, shows 0.39.
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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