Cdw annual debt-to-equity ratio
2012
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2025
Cdw Debt-to-Equity Ratio Growth & History (CDW)
Cdw's debt-to-equity ratio was 2.24 for fiscal 2025.
View full Cdw company overviewCdw annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.24 | −0.33 | −12.87% |
| 2024 | 2024-12-31 | 2.57 | −0.30 | −10.44% |
| 2023 | 2023-12-31 | 2.87 | −0.97 | −25.26% |
| 2022 | 2022-12-31 | 3.85 | −6.24 | −61.88% |
| 2021 | 2021-12-31 | 10.09 | 6.89 | +215.44% |
| 2020 | 2020-12-31 | 3.20 | −0.45 | −12.21% |
| 2019 | 2019-12-31 | 3.64 | 0.34 | +10.13% |
| 2018 | 2018-12-31 | 3.31 | 0.01 | +0.15% |
| 2017 | 2017-12-31 | 3.30 | 0.19 | +5.93% |
| 2016 | 2016-12-31 | 3.12 | 0.12 | +4.17% |
| 2015 | 2015-12-31 | 2.99 | −0.42 | −12.18% |
| 2014 | 2014-12-31 | 3.41 | −1.16 | −25.38% |
| 2013 | 2013-12-31 | 4.57 | −23.06 | −83.46% |
| 2012 | 2012-12-31 | 27.63 | — | — |
Cdw quarterly debt-to-equity ratio
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Q4.14
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.44 | 0.10 | +4.45% |
| Q1 2026 | 2026-03-31 | 2.27 | −0.31 | −12.17% |
| Q4 2025 | 2025-12-31 | 2.24 | −0.33 | −12.87% |
| Q3 2025 | 2025-09-30 | 2.27 | −0.37 | −13.95% |
| Q2 2025 | 2025-06-30 | 2.34 | −0.32 | −12.17% |
| Q1 2025 | 2025-03-31 | 2.58 | −0.13 | −4.86% |
| Q4 2024 | 2024-12-31 | 2.57 | −0.30 | −10.44% |
| Q3 2024 | 2024-09-30 | 2.63 | −0.61 | −18.77% |
| Q2 2024 | 2024-06-30 | 2.66 | −1.02 | −27.66% |
| Q1 2024 | 2024-03-31 | 2.71 | −1.09 | −28.69% |
| Q4 2023 | 2023-12-31 | 2.87 | −0.97 | −25.26% |
| Q3 2023 | 2023-09-30 | 3.24 | −1.54 | −32.14% |
| Q2 2023 | 2023-06-30 | 3.68 | −2.44 | −39.83% |
| Q1 2023 | 2023-03-31 | 3.80 | −3.80 | −49.97% |
| Q4 2022 | 2022-12-31 | 3.85 | −6.24 | −61.88% |
| Q3 2022 | 2022-09-30 | 4.78 | −0.27 | −5.33% |
| Q2 2022 | 2022-06-30 | 6.12 | 2.22 | +56.83% |
| Q1 2022 | 2022-03-31 | 7.60 | 4.10 | +117.21% |
| Q4 2021 | 2021-12-31 | 10.09 | 6.89 | +215.44% |
| Q3 2021 | 2021-09-30 | 5.05 | 1.75 | +53.16% |
| Q2 2021 | 2021-06-30 | 3.90 | 0.08 | +1.97% |
| Q1 2021 | 2021-03-31 | 3.50 | −0.55 | −13.54% |
| Q4 2020 | 2020-12-31 | 3.20 | −0.45 | −12.21% |
| Q3 2020 | 2020-09-30 | 3.30 | −0.34 | −9.26% |
| Q2 2020 | 2020-06-30 | 3.82 | 0.15 | +4.15% |
| Q1 2020 | 2020-03-31 | 4.05 | 0.32 | +8.69% |
| Q4 2019 | 2019-12-31 | 3.64 | 0.34 | +10.13% |
| Q3 2019 | 2019-09-30 | 3.63 | 0.86 | +30.96% |
| Q2 2019 | 2019-06-30 | 3.67 | 0.64 | +21.14% |
| Q1 2019 | 2019-03-31 | 3.72 | 0.48 | +14.75% |
| Q4 2018 | 2018-12-31 | 3.31 | 0.01 | +0.15% |
| Q3 2018 | 2018-09-30 | 2.77 | −1.48 | −34.78% |
| Q2 2018 | 2018-06-30 | 3.03 | −0.85 | −21.91% |
| Q1 2018 | 2018-03-31 | 3.25 | −0.37 | −10.24% |
| Q4 2017 | 2017-12-31 | 3.30 | 0.19 | +5.93% |
| Q3 2017 | 2017-09-30 | 4.25 | 0.98 | +29.96% |
| Q2 2017 | 2017-06-30 | 3.88 | 0.68 | +21.41% |
| Q1 2017 | 2017-03-31 | 3.62 | 0.49 | +15.62% |
| Q4 2016 | 2016-12-31 | 3.12 | 0.12 | +4.17% |
| Q3 2016 | 2016-09-30 | 3.27 | 0.23 | +7.72% |
| Q2 2016 | 2016-06-30 | 3.20 | 0.01 | +0.46% |
| Q1 2016 | 2016-03-31 | 3.13 | −0.16 | −4.86% |
| Q4 2015 | 2015-12-31 | 2.99 | −0.42 | −12.18% |
| Q3 2015 | 2015-09-30 | 3.04 | −0.50 | −14.10% |
| Q2 2015 | 2015-06-30 | 3.18 | −0.52 | −13.98% |
| Q1 2015 | 2015-03-31 | 3.29 | — | — |
| Q4 2014 | 2014-12-31 | 3.41 | −1.16 | −25.38% |
| Q3 2014 | 2014-09-30 | 3.54 | — | — |
| Q2 2014 | 2014-06-30 | 3.70 | −14.12 | −79.24% |
| Q4 2013 | 2013-12-31 | 4.57 | −23.06 | −83.46% |
| Q2 2013 | 2013-06-30 | 17.82 | −57.94 | −76.48% |
| Q1 2013 | 2013-03-31 | 22.47 | −342.77 | −93.85% |
| Q4 2012 | 2012-12-31 | 27.63 | — | — |
| Q3 2012 | 2012-09-30 | 39.42 | — | — |
| Q2 2012 | 2012-06-30 | 75.76 | — | — |
| Q1 2012 | 2012-03-31 | 365.25 | — | — |
Cdw debt-to-equity ratio trends
Over the last five fiscal years, Cdw's debt-to-equity ratio decreased from 3.20 to 2.24, a change of −0.96. The latest reported quarter, Q2 2026, shows 2.44.
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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