KE Holdings annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
KE Holdings Debt-to-Equity Ratio Growth & History (BEKE)
KE Holdings's debt-to-equity ratio was 0.27 for fiscal 2025.
View full KE Holdings company overviewKE Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.27 | −0.05 | −15.39% |
| 2024 | 2024-12-31 | 0.31 | 0.07 | +27.77% |
| 2023 | 2023-12-31 | 0.25 | 0.08 | +46.17% |
| 2022 | 2022-12-31 | 0.17 | 0.06 | +59.38% |
| 2021 | 2021-12-31 | 0.11 | 0.01 | +8.88% |
| 2020 | 2020-12-31 | 0.10 | — | — |
KE Holdings quarterly debt-to-equity ratio
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 0.27 | −0.05 | −15.39% |
| Q4 2024 | 2024-12-31 | 0.31 | 0.07 | +27.77% |
| Q4 2023 | 2023-12-31 | 0.25 | 0.08 | +46.17% |
| Q4 2022 | 2022-12-31 | 0.17 | 0.06 | +59.38% |
| Q4 2021 | 2021-12-31 | 0.11 | 0.01 | +8.88% |
| Q4 2020 | 2020-12-31 | 0.10 | — | — |
KE Holdings debt-to-equity ratio trends
Over the last five fiscal years, KE Holdings's debt-to-equity ratio increased from 0.10 to 0.27, a change of 0.17. The latest reported quarter, Q4 2025, shows 0.27.
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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