Blackstone Mortgage Trust annual debt-to-equity ratio
2018
2019
2020
2021
2022
2023
2024
2025
Blackstone Mortgage Trust Debt-to-Equity Ratio Growth & History (BXMT)
Blackstone Mortgage Trust's debt-to-equity ratio was 4.62 for fiscal 2025.
View full Blackstone Mortgage Trust company overviewBlackstone Mortgage Trust annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.62 | 0.47 | +11.24% |
| 2024 | 2024-12-31 | 4.15 | 0.37 | +9.92% |
| 2023 | 2023-12-31 | 3.78 | −0.11 | −2.87% |
| 2022 | 2022-12-31 | 3.89 | 0.60 | +18.41% |
| 2021 | 2021-12-31 | 3.28 | 0.72 | +27.89% |
| 2020 | 2020-12-31 | 2.57 | −0.48 | −15.62% |
| 2019 · Dec 31 | 2019-12-31 | 3.04 | 0.18 | +6.46% |
| 2018 · Dec 31 | 2018-12-31 | 2.86 | — | — |
Blackstone Mortgage Trust quarterly debt-to-equity ratio
Q1.18
Q2.18
Q4.18
Q2.19
Q3.19
Q4.19
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.85 | 0.27 | +5.79% |
| Q1 2026 | 2026-03-31 | 4.65 | — | — |
| Q4 2025 | 2025-12-31 | 4.62 | — | — |
| Q3 2025 | 2025-09-30 | 4.40 | — | — |
| Q2 2025 | 2025-06-30 | 4.58 | — | — |
| Q1 2024 | 2024-03-31 | 3.92 | 0.01 | +0.23% |
| Q4 2023 | 2023-12-31 | 3.78 | −0.11 | −2.87% |
| Q3 2023 | 2023-09-30 | 3.70 | 0.07 | +1.87% |
| Q2 2023 | 2023-06-30 | 3.78 | −0.01 | −0.15% |
| Q1 2023 | 2023-03-31 | 3.91 | 0.42 | +12.08% |
| Q4 2022 | 2022-12-31 | 3.89 | 0.60 | +18.41% |
| Q3 2022 | 2022-09-30 | 3.63 | 0.45 | +14.12% |
| Q2 2022 | 2022-06-30 | 3.79 | 0.99 | +35.26% |
| Q1 2022 | 2022-03-31 | 3.49 | 0.79 | +29.41% |
| Q4 2021 | 2021-12-31 | 3.28 | 0.72 | +27.89% |
| Q3 2021 | 2021-09-30 | 3.18 | 0.43 | +15.71% |
| Q2 2021 | 2021-06-30 | 2.80 | −0.14 | −4.88% |
| Q1 2021 | 2021-03-31 | 2.69 | — | — |
| Q4 2020 | 2020-12-31 | 2.57 | −0.48 | −15.62% |
| Q3 2020 | 2020-09-30 | 2.75 | 0.10 | +3.66% |
| Q2 2020 | 2020-06-30 | 2.94 | 0.43 | +17.29% |
| Q4 2019 · Dec 31 | 2019-12-31 | 3.04 | 0.18 | +6.46% |
| Q3 2019 | 2019-09-30 | 2.66 | — | — |
| Q2 2019 | 2019-06-30 | 2.51 | −0.08 | −3.19% |
| Q4 2018 · Dec 31 | 2018-12-31 | 2.86 | — | — |
| Q2 2018 | 2018-06-30 | 2.59 | — | — |
| Q1 2018 | 2018-03-31 | 2.33 | — | — |
Blackstone Mortgage Trust debt-to-equity ratio trends
Over the last five fiscal years, Blackstone Mortgage Trust's debt-to-equity ratio increased from 2.57 to 4.62, a change of 2.05. The latest reported quarter, Q2 2026, shows 4.85.
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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