Borgwarner annual debt-to-equity ratio
2008
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2024
2025
Borgwarner Debt-to-Equity Ratio Growth & History (BWA)
Borgwarner's debt-to-equity ratio was 0.75 for fiscal 2025.
View full Borgwarner company overviewBorgwarner annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.75 | −0.03 | −3.85% |
| 2024 | 2024-12-31 | 0.78 | 0.11 | +16.74% |
| 2023 | 2023-12-31 | 0.67 | 0.06 | +10.40% |
| 2022 | 2022-12-31 | 0.60 | −0.04 | −6.21% |
| 2021 | 2021-12-31 | 0.64 | 0.03 | +4.11% |
| 2020 | 2020-12-31 | 0.62 | 0.18 | +42.30% |
| 2019 | 2019-12-31 | 0.43 | −0.06 | −11.75% |
| 2018 | 2018-12-31 | 0.49 | −0.08 | −13.65% |
| 2017 | 2017-12-31 | 0.57 | −0.07 | −11.04% |
| 2016 | 2016-12-31 | 0.64 | 0.00 | +0.37% |
| 2015 | 2015-12-31 | 0.64 | 0.43 | +212.60% |
| 2014 | 2014-12-31 | 0.20 | −0.08 | −29.22% |
| 2013 | 2013-12-31 | 0.29 | 0.02 | +7.45% |
| 2012 | 2012-12-31 | 0.27 | −0.21 | −43.37% |
| 2011 | 2011-12-31 | 0.47 | −0.05 | −9.23% |
| 2010 | 2010-12-31 | 0.52 | 0.14 | +35.59% |
| 2009 | 2009-12-31 | 0.39 | 0.09 | +29.62% |
| 2008 | 2008-12-31 | 0.30 | — | — |
Borgwarner quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.72 | 0.03 | +5.06% |
| Q1 2026 | 2026-03-31 | 0.74 | 0.04 | +5.25% |
| Q4 2025 | 2025-12-31 | 0.75 | −0.03 | −3.85% |
| Q3 2025 | 2025-09-30 | 0.68 | −0.09 | −11.94% |
| Q2 2025 | 2025-06-30 | 0.69 | 0.05 | +8.26% |
| Q1 2025 | 2025-03-31 | 0.71 | 0.04 | +6.24% |
| Q4 2024 | 2024-12-31 | 0.78 | 0.11 | +16.74% |
| Q3 2024 | 2024-09-30 | 0.77 | 0.10 | +15.03% |
| Q2 2024 | 2024-06-30 | 0.64 | 0.05 | +7.86% |
| Q1 2024 | 2024-03-31 | 0.66 | 0.07 | +11.36% |
| Q4 2023 | 2023-12-31 | 0.67 | 0.06 | +10.40% |
| Q3 2023 | 2023-09-30 | 0.67 | 0.03 | +4.78% |
| Q2 2023 | 2023-06-30 | 0.59 | −0.05 | −7.71% |
| Q1 2023 | 2023-03-31 | 0.60 | −0.04 | −6.06% |
| Q4 2022 | 2022-12-31 | 0.60 | −0.04 | −6.21% |
| Q3 2022 | 2022-09-30 | 0.64 | −0.04 | −5.78% |
| Q2 2022 | 2022-06-30 | 0.64 | −0.05 | −7.20% |
| Q1 2022 | 2022-03-31 | 0.64 | 0.02 | +2.77% |
| Q4 2021 | 2021-12-31 | 0.64 | 0.03 | +4.11% |
| Q3 2021 | 2021-09-30 | 0.68 | 0.08 | +13.70% |
| Q2 2021 | 2021-06-30 | 0.69 | 0.02 | +3.74% |
| Q1 2021 | 2021-03-31 | 0.62 | 0.21 | +52.46% |
| Q4 2020 | 2020-12-31 | 0.62 | 0.18 | +42.30% |
| Q3 2020 | 2020-09-30 | 0.60 | 0.12 | +24.81% |
| Q2 2020 | 2020-06-30 | 0.66 | 0.17 | +34.83% |
| Q1 2020 | 2020-03-31 | 0.41 | −0.10 | −19.75% |
| Q4 2019 | 2019-12-31 | 0.43 | −0.06 | −11.75% |
| Q3 2019 | 2019-09-30 | 0.48 | −0.04 | −7.52% |
| Q2 2019 | 2019-06-30 | 0.49 | −0.04 | −7.44% |
| Q1 2019 | 2019-03-31 | 0.51 | −0.04 | −7.55% |
| Q4 2018 | 2018-12-31 | 0.49 | −0.08 | −13.65% |
| Q3 2018 | 2018-09-30 | 0.52 | −0.04 | −6.47% |
| Q2 2018 | 2018-06-30 | 0.53 | −0.05 | −8.33% |
| Q1 2018 | 2018-03-31 | 0.55 | −0.06 | −9.85% |
| Q4 2017 | 2017-12-31 | 0.57 | −0.07 | −11.04% |
| Q3 2017 | 2017-09-30 | 0.55 | −0.06 | −10.06% |
| Q2 2017 | 2017-06-30 | 0.58 | −0.04 | −6.49% |
| Q1 2017 | 2017-03-31 | 0.61 | −0.02 | −2.43% |
| Q4 2016 | 2016-12-31 | 0.64 | 0.00 | +0.37% |
| Q3 2016 | 2016-09-30 | 0.61 | 0.15 | +30.98% |
| Q2 2016 | 2016-06-30 | 0.62 | 0.15 | +31.14% |
| Q1 2016 | 2016-03-31 | 0.62 | 0.12 | +24.48% |
| Q4 2015 | 2015-12-31 | 0.64 | 0.43 | +212.60% |
| Q3 2015 | 2015-09-30 | 0.47 | 0.27 | +141.72% |
| Q2 2015 | 2015-06-30 | 0.47 | 0.28 | +151.35% |
| Q1 2015 | 2015-03-31 | 0.50 | 0.22 | +77.77% |
| Q4 2014 | 2014-12-31 | 0.20 | −0.08 | −29.22% |
| Q3 2014 | 2014-09-30 | 0.19 | −0.11 | −35.91% |
| Q2 2014 | 2014-06-30 | 0.19 | — | — |
| Q1 2014 | 2014-03-31 | 0.28 | −0.03 | −10.30% |
| Q4 2013 | 2013-12-31 | 0.29 | 0.02 | +7.45% |
| Q3 2013 | 2013-09-30 | 0.30 | 0.02 | +5.68% |
| Q1 2013 | 2013-03-31 | 0.31 | −0.15 | −32.11% |
| Q4 2012 | 2012-12-31 | 0.27 | −0.21 | −43.37% |
| Q3 2012 | 2012-09-30 | 0.29 | −0.23 | −44.21% |
| Q2 2012 | 2012-06-30 | 0.34 | −0.19 | −36.29% |
| Q1 2012 | 2012-03-31 | 0.46 | −0.09 | −15.92% |
| Q4 2011 | 2011-12-31 | 0.47 | −0.05 | −9.23% |
| Q3 2011 | 2011-09-30 | 0.51 | 0.05 | +10.79% |
| Q2 2011 | 2011-06-30 | 0.53 | 0.14 | +36.33% |
| Q1 2011 | 2011-03-31 | 0.55 | 0.20 | +56.21% |
| Q4 2010 | 2010-12-31 | 0.52 | 0.14 | +35.59% |
| Q3 2010 | 2010-09-30 | 0.46 | 0.10 | +28.44% |
| Q2 2010 | 2010-06-30 | 0.39 | 0.01 | +3.98% |
| Q1 2010 | 2010-03-31 | 0.35 | — | — |
| Q4 2009 | 2009-12-31 | 0.39 | 0.09 | +29.62% |
| Q3 2009 | 2009-09-30 | 0.36 | — | — |
| Q2 2009 | 2009-06-30 | 0.37 | — | — |
| Q4 2008 | 2008-12-31 | 0.30 | — | — |
Borgwarner debt-to-equity ratio trends
Over the last five fiscal years, Borgwarner's debt-to-equity ratio increased from 0.62 to 0.75, a change of 0.13. The latest reported quarter, Q2 2026, shows 0.72.
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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