Diageo annual debt-to-equity ratio
2022
2023
2024
2025
2026
Diageo Debt-to-Equity Ratio Growth & History (DGE)
Diageo's debt-to-equity ratio was 2.04 for fiscal 2026.
View full Diageo company overviewDiageo annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-06-30 | 2.04 | 0.01 | +0.60% |
| 2025 | 2025-06-30 | 2.03 | −0.13 | −5.83% |
| 2024 | 2024-06-30 | 2.16 | 0.11 | +5.44% |
| 2023 | 2023-06-30 | 2.04 | 0.23 | +12.73% |
| 2022 | 2022-06-30 | 1.81 | — | — |
Diageo quarterly debt-to-equity ratio
Q2.23
Q4.23
Q2.24
Q4.24
Q2.25
Q4.25
Q2.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-06-30 | 2.04 | 0.01 | +0.60% |
| Q2 2026 | 2025-12-31 | 1.93 | −0.14 | −6.94% |
| Q4 2025 | 2025-06-30 | 2.03 | −0.13 | −5.83% |
| Q2 2025 | 2024-12-31 | 2.07 | −0.08 | −3.69% |
| Q4 2024 | 2024-06-30 | 2.16 | 0.11 | +5.44% |
| Q2 2024 | 2023-12-31 | 2.15 | 0.23 | +12.13% |
| Q4 2023 | 2023-06-30 | 2.04 | — | — |
| Q2 2023 | 2022-12-31 | 1.92 | — | — |
Diageo debt-to-equity ratio trends
Between the periods ended 2022-06-30 and 2026-06-30, Diageo's debt-to-equity ratio increased from 1.81 to 2.04, a change of 0.23. The latest reported quarter, Q4 2026, shows 2.04.
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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