Casella Waste Systems Debt-to-Equity Ratio Growth & History (CWST)
Casella Waste Systems's debt-to-equity ratio was 0.80 for fiscal 2025.
View full Casella Waste Systems company overviewCasella Waste Systems annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.80 | 0.01 | +1.30% |
| 2024 | 2024-12-31 | 0.79 | −0.32 | −28.68% |
| 2023 | 2023-12-31 | 1.11 | −0.24 | −17.57% |
| 2022 | 2022-12-31 | 1.34 | −0.14 | −9.52% |
| 2021 | 2021-12-31 | 1.48 | −0.22 | −13.12% |
| 2020 | 2020-12-31 | 1.71 | −3.20 | −65.25% |
| 2019 | 2019-12-31 | 4.91 | — | — |
| 2013 · Apr 30 | 2013-04-30 | 43.97 | 15.16 | +52.62% |
| 2012 | 2012-04-30 | 28.81 | 23.90 | +486.84% |
| 2011 | 2011-04-30 | 4.91 | — | — |
Casella Waste Systems quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.92 | 0.12 | +14.87% |
| Q1 2026 | 2026-03-31 | 0.80 | −0.00 | −0.13% |
| Q4 2025 | 2025-12-31 | 0.80 | 0.01 | +1.30% |
| Q3 2025 | 2025-09-30 | 0.80 | 0.03 | +3.45% |
| Q2 2025 | 2025-06-30 | 0.80 | −0.28 | −25.99% |
| Q1 2025 | 2025-03-31 | 0.80 | −0.30 | −27.55% |
| Q4 2024 | 2024-12-31 | 0.79 | −0.32 | −28.68% |
| Q3 2024 | 2024-09-30 | 0.77 | −0.33 | −30.11% |
| Q2 2024 | 2024-06-30 | 1.09 | −0.01 | −1.14% |
| Q1 2024 | 2024-03-31 | 1.10 | −0.23 | −16.96% |
| Q4 2023 | 2023-12-31 | 1.11 | −0.24 | −17.57% |
| Q3 2023 | 2023-09-30 | 1.10 | −0.26 | −19.09% |
| Q2 2023 | 2023-06-30 | 1.10 | −0.34 | −23.78% |
| Q1 2023 | 2023-03-31 | 1.33 | −0.16 | −10.61% |
| Q4 2022 | 2022-12-31 | 1.34 | −0.14 | −9.52% |
| Q3 2022 | 2022-09-30 | 1.36 | −0.17 | −11.12% |
| Q2 2022 | 2022-06-30 | 1.44 | −0.14 | −9.14% |
| Q1 2022 | 2022-03-31 | 1.48 | −0.17 | −10.38% |
| Q4 2021 | 2021-12-31 | 1.48 | −0.22 | −13.12% |
| Q3 2021 | 2021-09-30 | 1.53 | −2.69 | −63.71% |
| Q2 2021 | 2021-06-30 | 1.59 | −3.17 | −66.66% |
| Q1 2021 | 2021-03-31 | 1.66 | −3.79 | −69.59% |
| Q4 2020 | 2020-12-31 | 1.71 | −3.20 | −65.25% |
| Q3 2020 | 2020-09-30 | 4.22 | −1.36 | −24.37% |
| Q2 2020 | 2020-06-30 | 4.75 | −1.18 | −19.94% |
| Q1 2020 | 2020-03-31 | 5.45 | −1.36 | −20.03% |
| Q4 2019 | 2019-12-31 | 4.91 | — | — |
| Q3 2019 | 2019-09-30 | 5.58 | — | — |
| Q2 2019 | 2019-06-30 | 5.94 | — | — |
| Q1 2019 | 2019-03-31 | 6.81 | — | — |
| Q3 2014 | 2014-01-31 | 187.00 | 166.76 | +824.05% |
| Q2 2014 | 2013-10-31 | 42.72 | 29.87 | +232.55% |
| Q1 2014 | 2013-07-31 | 42.63 | −26.58 | −38.41% |
| Q4 2013 · Apr 30 | 2013-04-30 | 43.97 | 15.16 | +52.62% |
| Q3 2013 | 2013-01-31 | 20.24 | 12.98 | +179.01% |
| Q2 2013 | 2012-10-31 | 12.84 | 7.79 | +153.96% |
| Q1 2013 | 2012-07-31 | 69.22 | 64.15 | +1264.53% |
| Q4 2012 | 2012-04-30 | 28.81 | 23.90 | +486.84% |
| Q3 2012 | 2012-01-31 | 7.25 | — | — |
| Q2 2012 | 2011-10-31 | 5.06 | — | — |
| Q1 2012 | 2011-07-31 | 5.07 | — | — |
| Q4 2011 | 2011-04-30 | 4.91 | — | — |
Casella Waste Systems debt-to-equity ratio trends
Over the last five fiscal years, Casella Waste Systems's debt-to-equity ratio decreased from 1.71 to 0.80, a change of −0.91. The latest reported quarter, Q2 2026, shows 0.92.
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.
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.
Review Casella Waste Systems source filings ↗