Walt Disney annual debt-to-equity ratio
2018
2019
2020
2021
2022
2023
2024
2025
Walt Disney Debt-to-Equity Ratio Growth & History (DIS)
Walt Disney's debt-to-equity ratio was 0.41 for fiscal 2025.
View full Walt Disney company overviewWalt Disney annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-27 | 0.41 | −0.08 | −15.93% |
| 2024 | 2024-09-28 | 0.49 | −0.02 | −3.19% |
| 2023 | 2023-09-30 | 0.51 | −0.04 | −7.20% |
| 2022 | 2022-10-01 | 0.55 | −0.11 | −16.47% |
| 2021 | 2021-10-02 | 0.66 | −0.05 | −6.58% |
| 2020 | 2020-10-03 | 0.70 | 0.17 | +32.68% |
| 2019 | 2019-09-28 | 0.53 | 0.10 | +23.52% |
| 2018 | 2018-09-29 | 0.43 | — | — |
Walt Disney quarterly debt-to-equity ratio
Q4.18
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-27 | 0.42 | 0.03 | +8.06% |
| Q2 2026 | 2026-03-28 | 0.44 | 0.02 | +5.98% |
| Q1 2026 | 2025-12-27 | 0.43 | −0.01 | −3.27% |
| Q4 2025 | 2025-09-27 | 0.41 | −0.08 | −15.93% |
| Q3 2025 | 2025-06-28 | 0.39 | −0.09 | −18.12% |
| Q2 2025 | 2025-03-29 | 0.41 | −0.06 | −11.88% |
| Q1 2025 | 2024-12-28 | 0.44 | −0.03 | −6.12% |
| Q4 2024 | 2024-09-28 | 0.49 | −0.02 | −3.19% |
| Q3 2024 | 2024-06-29 | 0.47 | −0.01 | −2.18% |
| Q2 2024 | 2024-03-30 | 0.47 | −0.03 | −5.91% |
| Q1 2024 | 2023-12-30 | 0.47 | −0.03 | −5.89% |
| Q4 2023 | 2023-09-30 | 0.51 | −0.04 | −7.20% |
| Q3 2023 | 2023-07-01 | 0.48 | — | — |
| Q2 2023 | 2023-04-01 | 0.50 | — | — |
| Q1 2023 | 2022-12-31 | 0.50 | — | — |
| Q4 2022 | 2022-10-01 | 0.55 | −0.11 | −16.47% |
| Q4 2021 | 2021-10-02 | 0.66 | −0.05 | −6.58% |
| Q3 2021 | 2021-07-03 | 0.64 | −0.15 | −18.72% |
| Q2 2021 | 2021-04-03 | 0.66 | 0.00 | +0.17% |
| Q1 2021 | 2021-01-02 | 0.69 | 0.12 | +20.46% |
| Q4 2020 | 2020-10-03 | 0.70 | 0.17 | +32.68% |
| Q3 2020 | 2020-06-27 | 0.79 | 0.14 | +20.76% |
| Q2 2020 | 2020-03-28 | 0.66 | 0.01 | +1.55% |
| Q1 2020 | 2019-12-28 | 0.58 | — | — |
| Q4 2019 | 2019-09-28 | 0.53 | 0.10 | +23.52% |
| Q3 2019 | 2019-06-29 | 0.66 | — | — |
| Q2 2019 | 2019-03-30 | 0.65 | — | — |
| Q4 2018 · Sep 29 | 2018-09-29 | 0.43 | — | — |
Walt Disney debt-to-equity ratio trends
Over the last five fiscal years, Walt Disney's debt-to-equity ratio decreased from 0.70 to 0.41, a change of −0.29. The latest reported quarter, Q3 2026, shows 0.42.
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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