Clearwater Paper annual debt-to-equity ratio
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2025
Clearwater Paper Debt-to-Equity Ratio Growth & History (CLW)
Clearwater Paper's debt-to-equity ratio was 0.48 for fiscal 2025.
View full Clearwater Paper company overviewClearwater Paper annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.48 | 0.10 | +24.78% |
| 2024 | 2024-12-31 | 0.39 | −0.35 | −47.81% |
| 2023 | 2023-12-31 | 0.74 | −0.37 | −33.50% |
| 2022 | 2022-12-31 | 1.12 | −0.29 | −20.44% |
| 2021 | 2021-12-31 | 1.40 | −0.15 | −9.66% |
| 2020 | 2020-12-31 | 1.55 | −0.77 | −33.24% |
| 2019 | 2019-12-31 | 2.32 | 0.36 | +18.23% |
| 2018 | 2018-12-31 | 1.97 | — | — |
| 2014 | 2014-12-31 | 1.19 | 0.08 | +6.88% |
| 2013 | 2013-12-31 | 1.12 | 0.10 | +9.84% |
| 2012 | 2012-12-31 | 1.02 | −0.12 | −10.36% |
| 2011 | 2011-12-31 | 1.13 | −0.05 | −3.95% |
| 2010 | 2010-12-31 | 1.18 | — | — |
Clearwater Paper quarterly debt-to-equity ratio
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Q2.11
Q3.11
Q4.11
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Q2.12
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Q1.13
Q2.13
Q3.13
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Q3.15
As of Dec 31, 2015
As of Mar 31, 2016
As of Jun 30, 2016
As of Sep 30, 2016
As of Mar 31, 2017
As of Jun 30, 2017
As of Sep 30, 2017
As of Dec 31, 2017
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
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Q1.20
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Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
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Q1.22
Q2.22
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Q3.23
Q4.23
Q1.24
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Q3.24
Q4.24
Q1.25
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 | 0.47 | 0.06 | +15.32% |
| Q1 2026 | 2026-03-31 | 0.46 | 0.11 | +30.99% |
| Q4 2025 | 2025-12-31 | 0.48 | 0.10 | +24.78% |
| Q3 2025 | 2025-09-30 | 0.44 | −1.32 | −74.77% |
| Q2 2025 | 2025-06-30 | 0.41 | −1.40 | −77.50% |
| Q1 2025 | 2025-03-31 | 0.35 | −0.35 | −50.25% |
| Q4 2024 | 2024-12-31 | 0.39 | −0.35 | −47.81% |
| Q3 2024 | 2024-09-30 | 1.76 | 0.87 | +96.84% |
| Q2 2024 | 2024-06-30 | 1.81 | 0.87 | +91.98% |
| Q1 2024 | 2024-03-31 | 0.70 | −0.28 | −28.25% |
| Q4 2023 | 2023-12-31 | 0.74 | −0.37 | −33.50% |
| Q3 2023 | 2023-09-30 | 0.89 | −0.12 | −12.14% |
| Q2 2023 | 2023-06-30 | 0.94 | −0.17 | −15.21% |
| Q1 2023 | 2023-03-31 | 0.98 | −0.22 | −18.18% |
| Q4 2022 | 2022-12-31 | 1.12 | −0.29 | −20.44% |
| Q3 2022 | 2022-09-30 | 1.02 | −0.39 | −27.88% |
| Q2 2022 | 2022-06-30 | 1.11 | −0.39 | −26.02% |
| Q1 2022 | 2022-03-31 | 1.20 | −0.26 | −18.10% |
| Q4 2021 | 2021-12-31 | 1.40 | −0.15 | −9.66% |
| Q3 2021 | 2021-09-30 | 1.41 | −0.36 | −20.43% |
| Q2 2021 | 2021-06-30 | 1.50 | −0.46 | −23.53% |
| Q1 2021 | 2021-03-31 | 1.46 | −0.88 | −37.45% |
| Q4 2020 | 2020-12-31 | 1.55 | −0.77 | −33.24% |
| Q3 2020 | 2020-09-30 | 1.77 | −0.64 | −26.53% |
| Q2 2020 | 2020-06-30 | 1.97 | −0.36 | −15.60% |
| Q1 2020 | 2020-03-31 | 2.34 | 0.05 | +1.99% |
| Q4 2019 | 2019-12-31 | 2.32 | 0.36 | +18.23% |
| Q3 2019 | 2019-09-30 | 2.42 | 1.31 | +117.85% |
| Q2 2019 | 2019-06-30 | 2.33 | 1.32 | +130.58% |
| Q1 2019 | 2019-03-31 | 2.29 | 1.27 | +123.18% |
| Q4 2018 | 2018-12-31 | 1.97 | 0.66 | +50.41% |
| Q3 2018 | 2018-09-30 | 1.11 | −0.11 | −9.18% |
| Q2 2018 | 2018-06-30 | 1.01 | −0.22 | −17.61% |
| Q1 2018 | 2018-03-31 | 1.03 | −0.22 | −17.88% |
| As of Dec 31, 2017 | 2017-12-31 | 1.31 | — | — |
| As of Sep 30, 2017 | 2017-09-30 | 1.22 | −0.04 | −2.99% |
| As of Jun 30, 2017 | 2017-06-30 | 1.23 | −0.00 | −0.14% |
| As of Mar 31, 2017 | 2017-03-31 | 1.25 | −0.02 | −1.28% |
| As of Sep 30, 2016 | 2016-09-30 | 1.26 | −0.04 | −3.41% |
| As of Jun 30, 2016 | 2016-06-30 | 1.23 | −0.00 | −0.17% |
| As of Mar 31, 2016 | 2016-03-31 | 1.27 | −0.02 | −1.32% |
| As of Dec 31, 2015 | 2015-12-31 | 1.25 | 0.06 | +4.78% |
| Q3 2015 | 2015-09-30 | 1.30 | 0.19 | +17.55% |
| Q2 2015 | 2015-06-30 | 1.23 | 0.01 | +1.23% |
| Q1 2015 | 2015-03-31 | 1.28 | 0.13 | +11.28% |
| Q4 2014 | 2014-12-31 | 1.19 | 0.08 | +6.88% |
| Q3 2014 | 2014-09-30 | 1.11 | −0.25 | −18.34% |
| Q2 2014 | 2014-06-30 | 1.22 | −0.14 | −10.42% |
| Q1 2014 | 2014-03-31 | 1.15 | −0.22 | −15.95% |
| Q4 2013 | 2013-12-31 | 1.12 | 0.10 | +9.84% |
| Q3 2013 | 2013-09-30 | 1.36 | 0.31 | +30.14% |
| Q2 2013 | 2013-06-30 | 1.36 | 0.26 | +24.04% |
| Q1 2013 | 2013-03-31 | 1.37 | 0.23 | +20.39% |
| Q4 2012 | 2012-12-31 | 1.02 | −0.12 | −10.36% |
| Q3 2012 | 2012-09-30 | 1.04 | −0.02 | −2.30% |
| Q2 2012 | 2012-06-30 | 1.09 | 0.00 | +0.00% |
| Q1 2012 | 2012-03-31 | 1.14 | — | — |
| Q4 2011 | 2011-12-31 | 1.13 | −0.05 | −3.95% |
| Q3 2011 | 2011-09-30 | 1.07 | — | — |
| Q2 2011 | 2011-06-30 | 1.09 | — | — |
| Q4 2010 | 2010-12-31 | 1.18 | — | — |
Clearwater Paper debt-to-equity ratio trends
Over the last five fiscal years, Clearwater Paper's debt-to-equity ratio decreased from 1.55 to 0.48, a change of −1.07. The latest reported quarter, Q2 2026, shows 0.47.
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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