Dnow annual debt-to-equity ratio
2014
2015
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2022
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2025
Dnow Debt-to-Equity Ratio Growth & History (DNOW)
Dnow's debt-to-equity ratio was 0.27 for fiscal 2025.
View full Dnow company overviewDnow annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.27 | 0.22 | +361.29% |
| 2024 | 2024-12-31 | 0.06 | 0.00 | +0.29% |
| 2023 | 2023-12-31 | 0.06 | 0.00 | +2.13% |
| 2022 | 2022-12-31 | 0.06 | 0.00 | +6.09% |
| 2021 | 2021-12-31 | 0.05 | −0.02 | −27.66% |
| 2020 | 2020-12-31 | 0.08 | 0.01 | +20.47% |
| 2019 | 2019-12-31 | 0.06 | −0.05 | −42.12% |
| 2018 | 2018-12-31 | 0.11 | −0.06 | −34.60% |
| 2017 | 2017-12-31 | 0.17 | 0.07 | +80.43% |
| 2016 | 2016-12-31 | 0.09 | −0.04 | −32.32% |
| 2015 | 2015-12-31 | 0.14 | 0.14 | — |
| 2014 | 2014-12-31 | 0.00 | — | — |
Dnow quarterly debt-to-equity ratio
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Q1.15
Q2.15
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Q2.16
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Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
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Q3.19
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Q1.21
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Q4.21
Q1.22
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.30 | 0.27 | +750.03% |
| Q1 2026 | 2026-03-31 | 0.34 | 0.31 | +857.63% |
| Q4 2025 | 2025-12-31 | 0.27 | 0.22 | +361.29% |
| Q3 2025 | 2025-09-30 | 0.03 | −0.01 | −18.60% |
| Q2 2025 | 2025-06-30 | 0.04 | −0.00 | −11.74% |
| Q1 2025 | 2025-03-31 | 0.04 | −0.01 | −13.93% |
| Q4 2024 | 2024-12-31 | 0.06 | 0.00 | +0.29% |
| Q3 2024 | 2024-09-30 | 0.04 | −0.00 | −8.45% |
| Q2 2024 | 2024-06-30 | 0.04 | −0.00 | −7.58% |
| Q1 2024 | 2024-03-31 | 0.04 | −0.00 | −4.94% |
| Q4 2023 | 2023-12-31 | 0.06 | 0.00 | +2.13% |
| Q3 2023 | 2023-09-30 | 0.04 | 0.01 | +50.81% |
| Q2 2023 | 2023-06-30 | 0.04 | 0.01 | +29.93% |
| Q1 2023 | 2023-03-31 | 0.04 | 0.00 | +9.40% |
| Q4 2022 | 2022-12-31 | 0.06 | 0.00 | +6.09% |
| Q3 2022 | 2022-09-30 | 0.03 | −0.02 | −37.51% |
| Q2 2022 | 2022-06-30 | 0.03 | −0.02 | −33.46% |
| Q1 2022 | 2022-03-31 | 0.04 | −0.02 | −28.65% |
| Q4 2021 | 2021-12-31 | 0.05 | −0.02 | −27.66% |
| Q3 2021 | 2021-09-30 | 0.05 | −0.02 | −27.25% |
| Q2 2021 | 2021-06-30 | 0.05 | −0.01 | −20.08% |
| Q1 2021 | 2021-03-31 | 0.06 | −0.01 | −13.43% |
| Q4 2020 | 2020-12-31 | 0.08 | 0.01 | +20.47% |
| Q3 2020 | 2020-09-30 | 0.06 | 0.00 | +7.74% |
| Q2 2020 | 2020-06-30 | 0.06 | −0.05 | −41.95% |
| Q1 2020 | 2020-03-31 | 0.07 | −0.09 | −58.22% |
| Q4 2019 | 2019-12-31 | 0.06 | −0.05 | −42.12% |
| Q3 2019 | 2019-09-30 | 0.06 | −0.11 | −65.33% |
| Q2 2019 | 2019-06-30 | 0.11 | −0.09 | −43.97% |
| Q1 2019 | 2019-03-31 | 0.16 | −0.02 | −11.55% |
| Q4 2018 | 2018-12-31 | 0.11 | −0.06 | −34.60% |
| Q3 2018 | 2018-09-30 | 0.17 | 0.00 | +0.98% |
| Q2 2018 | 2018-06-30 | 0.19 | 0.04 | +29.99% |
| Q1 2018 | 2018-03-31 | 0.18 | 0.07 | +61.72% |
| Q4 2017 | 2017-12-31 | 0.17 | 0.07 | +80.43% |
| Q3 2017 | 2017-09-30 | 0.17 | 0.01 | +6.82% |
| Q2 2017 | 2017-06-30 | 0.15 | −0.03 | −14.84% |
| Q1 2017 | 2017-03-31 | 0.11 | 0.03 | +39.28% |
| Q4 2016 | 2016-12-31 | 0.09 | −0.04 | −32.32% |
| Q3 2016 | 2016-09-30 | 0.16 | 0.08 | +115.75% |
| Q2 2016 | 2016-06-30 | 0.17 | 0.13 | +319.80% |
| Q1 2016 | 2016-03-31 | 0.08 | 0.01 | +11.36% |
| Q4 2015 | 2015-12-31 | 0.14 | 0.14 | — |
| Q3 2015 | 2015-09-30 | 0.07 | — | — |
| Q2 2015 | 2015-06-30 | 0.04 | — | — |
| Q1 2015 | 2015-03-31 | 0.07 | — | — |
| Q4 2014 | 2014-12-31 | 0.00 | — | — |
Dnow debt-to-equity ratio trends
Over the last five fiscal years, Dnow's debt-to-equity ratio increased from 0.08 to 0.27, a change of 0.20. The latest reported quarter, Q2 2026, shows 0.30.
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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