Deutsche Bank AG annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Deutsche Bank AG Debt-to-Equity Ratio Growth & History (DBK)
Deutsche Bank AG's debt-to-equity ratio was 1.45 for fiscal 2025.
View full Deutsche Bank AG company overviewDeutsche Bank AG annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.45 | −0.29 | −16.81% |
| 2024 | 2024-12-31 | 1.74 | −0.14 | −7.43% |
| 2023 | 2023-12-31 | 1.88 | −0.32 | −14.74% |
| 2022 | 2022-12-31 | 2.20 | −0.35 | −13.84% |
| 2021 | 2021-12-31 | 2.56 | −0.24 | −8.60% |
| 2020 | 2020-12-31 | 2.80 | 0.29 | +11.74% |
| 2019 | 2019-12-31 | 2.50 | 0.01 | +0.44% |
| 2018 | 2018-12-31 | 2.49 | −0.04 | −1.46% |
| 2017 | 2017-12-31 | 2.53 | −0.35 | −12.21% |
| 2016 | 2016-12-31 | 2.88 | — | — |
Deutsche Bank AG quarterly debt-to-equity ratio
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q1.24
Q2.24
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 | 1.62 | −0.07 | −4.08% |
| Q1 2026 | 2026-03-31 | 1.65 | −0.03 | −1.96% |
| Q4 2025 | 2025-12-31 | 1.45 | −0.29 | −16.81% |
| Q3 2025 | 2025-09-30 | 1.68 | −0.05 | −2.76% |
| Q2 2025 | 2025-06-30 | 1.69 | 0.01 | +0.36% |
| Q1 2025 | 2025-03-31 | 1.68 | 0.07 | +4.32% |
| Q4 2024 | 2024-12-31 | 1.74 | −0.14 | −7.43% |
| Q3 2024 | 2024-09-30 | 1.72 | — | — |
| Q2 2024 | 2024-06-30 | 1.69 | — | — |
| Q1 2024 | 2024-03-31 | 1.61 | — | — |
| Q4 2023 | 2023-12-31 | 1.88 | −0.32 | −14.74% |
| Q4 2022 | 2022-12-31 | 2.20 | −0.35 | −13.84% |
| Q4 2021 | 2021-12-31 | 2.56 | −0.24 | −8.60% |
| Q4 2020 | 2020-12-31 | 2.80 | 0.29 | +11.74% |
| Q4 2019 | 2019-12-31 | 2.50 | 0.01 | +0.44% |
| Q4 2018 | 2018-12-31 | 2.49 | −0.04 | −1.46% |
| Q4 2017 | 2017-12-31 | 2.53 | — | — |
Deutsche Bank AG debt-to-equity ratio trends
Over the last five fiscal years, Deutsche Bank AG's debt-to-equity ratio decreased from 2.80 to 1.45, a change of −1.35. The latest reported quarter, Q2 2026, shows 1.62.
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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