Balfour Beatty Debt-to-Equity Ratio Growth & History (BBY)
Balfour Beatty's debt-to-equity ratio was 0.17 for fiscal 2025.
View full Balfour Beatty company overviewBalfour Beatty annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.17 | 0.03 | +19.87% |
| 2024 | 2024-12-31 | 0.14 | 0.03 | +21.07% |
| 2023 | 2023-12-31 | 0.12 | 0.02 | +24.61% |
| 2022 | 2022-12-31 | 0.10 | 0.00 | +1.66% |
| 2021 | 2021-12-31 | 0.09 | — | — |
Balfour Beatty quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.95 | −0.09 | −8.96% |
| Q4 2025 | 2025-12-31 | 0.90 | −0.10 | −9.77% |
| Q2 2025 | 2025-06-30 | 1.05 | — | — |
| Q4 2024 | 2024-12-31 | 0.99 | — | — |
Balfour Beatty debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Balfour Beatty's debt-to-equity ratio increased from 0.09 to 0.17, a change of 0.08. The latest reported quarter, Q2 2026, shows 0.95.
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.
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by 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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