Brown Forman annual debt-to-equity ratio
2010
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2021
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2024
2025
2026
Brown Forman Debt-to-Equity Ratio Growth & History (BF-B)
Brown Forman's debt-to-equity ratio was 0.65 for fiscal 2026.
View full Brown Forman company overviewBrown Forman annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-04-30 | 0.65 | −0.06 | −8.58% |
| 2025 | 2025-04-30 | 0.71 | −0.20 | −21.84% |
| 2024 | 2024-04-30 | 0.91 | −0.01 | −0.91% |
| 2023 | 2023-04-30 | 0.92 | 0.06 | +7.12% |
| 2022 | 2022-04-30 | 0.86 | −0.13 | −13.45% |
| 2021 | 2021-04-30 | 0.99 | −0.35 | −26.40% |
| 2020 | 2020-04-30 | 1.34 | −0.14 | −9.26% |
| 2019 | 2019-04-30 | 1.48 | −0.46 | −23.72% |
| 2018 | 2018-04-30 | 1.94 | 0.37 | +23.82% |
| 2017 | 2017-04-30 | 1.57 | 0.61 | +63.24% |
| 2016 | 2016-04-30 | 0.96 | 0.34 | +54.74% |
| 2015 | 2015-04-30 | 0.62 | 0.13 | +25.56% |
| 2014 | 2014-04-30 | 0.49 | −0.12 | −19.64% |
| 2013 | 2013-04-30 | 0.62 | 0.37 | +149.69% |
| 2012 | 2012-04-30 | 0.25 | −0.12 | −33.10% |
| 2011 | 2011-04-30 | 0.37 | −0.00 | −0.11% |
| 2010 | 2010-04-30 | 0.37 | — | — |
Brown Forman quarterly debt-to-equity ratio
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Q1.27
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2027 | 2026-07-31 | 0.62 | −0.06 | −9.19% |
| Q4 2026 | 2026-04-30 | 0.65 | −0.06 | −8.58% |
| Q3 2026 | 2026-01-31 | 0.67 | −0.08 | −10.20% |
| Q2 2026 | 2025-10-31 | 0.64 | −0.22 | −25.93% |
| Q1 2026 | 2025-07-31 | 0.68 | −0.24 | −25.92% |
| Q4 2025 | 2025-04-30 | 0.71 | −0.20 | −21.84% |
| Q3 2025 | 2025-01-31 | 0.75 | −0.30 | −28.65% |
| Q2 2025 | 2024-10-31 | 0.86 | −0.04 | −3.99% |
| Q1 2025 | 2024-07-31 | 0.91 | −0.01 | −0.78% |
| Q4 2024 | 2024-04-30 | 0.91 | −0.01 | −0.91% |
| Q3 2024 | 2024-01-31 | 1.05 | 0.05 | +5.31% |
| Q2 2024 | 2023-10-31 | 0.90 | 0.11 | +13.58% |
| Q1 2024 | 2023-07-31 | 0.92 | 0.12 | +15.07% |
| Q4 2023 | 2023-04-30 | 0.92 | 0.06 | +7.12% |
| Q3 2023 | 2023-01-31 | 1.00 | 0.07 | +7.89% |
| Q2 2023 | 2022-10-31 | 0.79 | −0.01 | −1.39% |
| Q1 2023 | 2022-07-31 | 0.80 | −0.13 | −14.09% |
| Q4 2022 | 2022-04-30 | 0.86 | −0.13 | −13.45% |
| Q3 2022 | 2022-01-31 | 0.92 | −0.15 | −14.26% |
| Q2 2022 | 2021-10-31 | 0.80 | −0.31 | −27.56% |
| Q1 2022 | 2021-07-31 | 0.93 | −0.33 | −25.91% |
| Q4 2021 | 2021-04-30 | 0.99 | −0.35 | −26.40% |
| Q3 2021 | 2021-01-31 | 1.08 | −0.10 | −8.20% |
| Q2 2021 | 2020-10-31 | 1.11 | −0.18 | −13.92% |
| Q1 2021 | 2020-07-31 | 1.26 | −0.27 | −17.53% |
| Q4 2020 | 2020-04-30 | 1.34 | −0.14 | −9.26% |
| Q3 2020 | 2020-01-31 | 1.17 | −0.51 | −30.14% |
| Q2 2020 | 2019-10-31 | 1.29 | −0.41 | −24.19% |
| Q1 2020 | 2019-07-31 | 1.53 | −0.29 | −16.05% |
| Q4 2019 | 2019-04-30 | 1.48 | −0.46 | −23.72% |
| Q3 2019 | 2019-01-31 | 1.68 | −0.07 | −3.79% |
| Q2 2019 | 2018-10-31 | 1.70 | 0.36 | +27.09% |
| Q1 2019 | 2018-07-31 | 1.82 | 0.25 | +15.82% |
| Q4 2018 | 2018-04-30 | 1.94 | 0.37 | +23.82% |
| Q3 2018 | 2018-01-31 | 1.75 | −0.13 | −7.13% |
| Q2 2018 | 2017-10-31 | 1.34 | −0.42 | −23.83% |
| Q1 2018 | 2017-07-31 | 1.57 | −0.12 | −6.88% |
| Q4 2017 | 2017-04-30 | 1.57 | 0.61 | +63.24% |
| Q3 2017 | 2017-01-31 | 1.88 | 0.65 | +53.28% |
| Q2 2017 | 2016-10-31 | 1.76 | 0.48 | +38.12% |
| Q1 2017 | 2016-07-31 | 1.68 | 0.81 | +92.78% |
| Q4 2016 | 2016-04-30 | 0.96 | 0.34 | +54.74% |
| Q3 2016 | 2016-01-31 | 1.23 | 0.73 | +148.84% |
| Q2 2016 | 2015-10-31 | 1.27 | 0.73 | +135.23% |
| Q1 2016 | 2015-07-31 | 0.87 | 0.38 | +77.58% |
| Q4 2015 | 2015-04-30 | 0.62 | 0.13 | +25.56% |
| Q3 2015 | 2015-01-31 | 0.49 | −0.04 | −7.45% |
| Q2 2015 | 2014-10-31 | 0.54 | −0.01 | −1.01% |
| Q1 2015 | 2014-07-31 | 0.49 | −0.11 | −18.24% |
| Q4 2014 | 2014-04-30 | 0.49 | −0.12 | −19.64% |
| Q3 2014 | 2014-01-31 | 0.53 | −0.30 | −35.85% |
| Q2 2014 | 2013-10-31 | 0.55 | 0.32 | +145.90% |
| Q1 2014 | 2013-07-31 | 0.60 | 0.36 | +149.86% |
| Q4 2013 | 2013-04-30 | 0.62 | 0.37 | +149.69% |
| Q3 2013 | 2013-01-31 | 0.83 | 0.46 | +121.83% |
| Q2 2013 | 2012-10-31 | 0.22 | −0.16 | −41.37% |
| Q1 2013 | 2012-07-31 | 0.24 | −0.13 | −34.49% |
| Q4 2012 | 2012-04-30 | 0.25 | −0.12 | −33.10% |
| Q3 2012 | 2012-01-31 | 0.37 | −0.03 | −7.71% |
| Q2 2012 | 2011-10-31 | 0.38 | 0.05 | +16.85% |
| Q1 2012 | 2011-07-31 | 0.37 | −0.02 | −4.70% |
| Q4 2011 | 2011-04-30 | 0.37 | −0.00 | −0.11% |
| Q3 2011 | 2011-01-31 | 0.41 | — | — |
| Q2 2011 | 2010-10-31 | 0.32 | — | — |
| Q1 2011 | 2010-07-31 | 0.39 | — | — |
| Q4 2010 | 2010-04-30 | 0.37 | — | — |
Brown Forman debt-to-equity ratio trends
Over the last five fiscal years, Brown Forman's debt-to-equity ratio decreased from 0.99 to 0.65, a change of −0.34. The latest reported quarter, Q1 2027, shows 0.62.
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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