Duke Energy annual debt-to-equity ratio
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2025
Duke Energy Debt-to-Equity Ratio Growth & History (DUK)
Duke Energy's debt-to-equity ratio was 1.76 for fiscal 2025.
View full Duke Energy company overviewDuke Energy annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.76 | 0.05 | +3.11% |
| 2024 | 2024-12-31 | 1.70 | 0.06 | +3.80% |
| 2023 | 2023-12-31 | 1.64 | 0.13 | +8.34% |
| 2022 | 2022-12-31 | 1.52 | 0.13 | +9.24% |
| 2021 | 2021-12-31 | 1.39 | 0.05 | +3.58% |
| 2020 | 2020-12-31 | 1.34 | −0.00 | −0.28% |
| 2019 | 2019-12-31 | 1.34 | 0.02 | +1.60% |
| 2018 | 2018-12-31 | 1.32 | 0.02 | +1.38% |
| 2017 | 2017-12-31 | 1.30 | 0.08 | +6.23% |
| 2016 | 2016-12-31 | 1.23 | 0.16 | +14.77% |
| 2015 · Dec 31 | 2015-12-31 | 1.07 | 0.03 | +3.18% |
| 2014 | 2014-12-31 | 1.04 | 0.04 | +4.28% |
| 2013 | 2013-12-31 | 0.99 | 0.00 | +0.28% |
| 2012 | 2012-12-31 | 0.99 | 0.07 | +7.52% |
| 2011 | 2011-12-31 | 0.92 | 0.10 | +12.72% |
| 2010 | 2010-12-31 | 0.82 | 0.04 | +4.58% |
| 2009 | 2009-12-31 | 0.78 | 0.09 | +13.71% |
| 2008 | 2008-12-31 | 0.69 | — | — |
Duke Energy quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.68 | −0.03 | −1.98% |
| Q1 2026 | 2026-03-31 | 1.66 | −0.05 | −2.87% |
| Q4 2025 | 2025-12-31 | 1.76 | 0.05 | +3.11% |
| Q3 2025 | 2025-09-30 | 1.72 | 0.01 | +0.66% |
| Q2 2025 | 2025-06-30 | 1.72 | 0.06 | +3.58% |
| Q1 2025 | 2025-03-31 | 1.71 | 0.06 | +3.85% |
| Q4 2024 | 2024-12-31 | 1.70 | 0.06 | +3.80% |
| Q3 2024 | 2024-09-30 | 1.71 | 0.11 | +6.76% |
| Q2 2024 | 2024-06-30 | 1.66 | 0.05 | +2.81% |
| Q1 2024 | 2024-03-31 | 1.64 | 0.10 | +6.25% |
| Q4 2023 | 2023-12-31 | 1.64 | 0.13 | +8.34% |
| Q3 2023 | 2023-09-30 | 1.60 | 0.15 | +10.66% |
| Q2 2023 | 2023-06-30 | 1.61 | 0.20 | +14.28% |
| Q1 2023 | 2023-03-31 | 1.55 | 0.14 | +10.26% |
| Q4 2022 | 2022-12-31 | 1.52 | 0.13 | +9.24% |
| Q3 2022 | 2022-09-30 | 1.45 | 0.13 | +10.03% |
| Q2 2022 | 2022-06-30 | 1.41 | 0.05 | +3.45% |
| Q1 2022 | 2022-03-31 | 1.40 | 0.07 | +4.90% |
| Q4 2021 | 2021-12-31 | 1.39 | 0.05 | +3.58% |
| Q3 2021 | 2021-09-30 | 1.32 | −0.08 | −5.59% |
| Q2 2021 | 2021-06-30 | 1.36 | −0.06 | −4.04% |
| Q1 2021 | 2021-03-31 | 1.34 | −0.04 | −2.63% |
| Q4 2020 | 2020-12-31 | 1.34 | −0.00 | −0.28% |
| Q3 2020 | 2020-09-30 | 1.39 | 0.04 | +2.70% |
| Q2 2020 | 2020-06-30 | 1.42 | 0.02 | +1.15% |
| Q1 2020 | 2020-03-31 | 1.37 | −0.00 | −0.24% |
| Q4 2019 | 2019-12-31 | 1.34 | 0.02 | +1.60% |
| Q3 2019 | 2019-09-30 | 1.36 | 0.04 | +2.66% |
| Q2 2019 | 2019-06-30 | 1.41 | 0.09 | +6.64% |
| Q1 2019 | 2019-03-31 | 1.38 | 0.04 | +2.80% |
| Q4 2018 | 2018-12-31 | 1.32 | 0.02 | +1.38% |
| Q3 2018 | 2018-09-30 | 1.32 | 0.04 | +3.26% |
| Q2 2018 | 2018-06-30 | 1.32 | 0.03 | +2.70% |
| Q1 2018 | 2018-03-31 | 1.34 | 0.06 | +4.90% |
| Q4 2017 | 2017-12-31 | 1.30 | 0.08 | +6.23% |
| Q3 2017 | 2017-09-30 | 1.28 | 0.04 | +3.34% |
| Q2 2017 | 2017-06-30 | 1.28 | 0.17 | +14.88% |
| Q1 2017 | 2017-03-31 | 1.28 | 0.18 | +16.26% |
| Q4 2016 | 2016-12-31 | 1.23 | 0.16 | +14.77% |
| Q3 2016 | 2016-09-30 | 1.24 | 0.17 | +15.81% |
| Q2 2016 | 2016-06-30 | 1.12 | 0.07 | +7.02% |
| Q1 2016 | 2016-03-31 | 1.10 | 0.03 | +2.98% |
| Q4 2015 | 2015-12-31 | 1.07 | 0.03 | +3.18% |
| Q3 2015 | 2015-09-30 | 1.07 | 0.06 | +6.41% |
| Q2 2015 | 2015-06-30 | 1.04 | 0.00 | +0.35% |
| Q1 2015 | 2015-03-31 | 1.07 | 0.04 | +4.27% |
| Q4 2014 | 2014-12-31 | 1.04 | 0.04 | +4.28% |
| Q3 2014 | 2014-09-30 | 1.01 | 0.04 | +4.22% |
| Q2 2014 | 2014-06-30 | 1.04 | 0.05 | +4.87% |
| Q1 2014 | 2014-03-31 | 1.02 | 0.05 | +5.29% |
| Q4 2013 | 2013-12-31 | 0.99 | 0.00 | +0.28% |
| Q3 2013 | 2013-09-30 | 0.96 | 0.03 | +3.10% |
| Q2 2013 | 2013-06-30 | 0.99 | 0.13 | +14.62% |
| Q1 2013 | 2013-03-31 | 0.97 | 0.11 | +12.88% |
| Q4 2012 | 2012-12-31 | 0.99 | 0.07 | +7.52% |
| Q3 2012 | 2012-09-30 | 0.94 | 0.12 | +14.69% |
| Q2 2012 | 2012-06-30 | 0.87 | 0.06 | +7.29% |
| Q1 2012 | 2012-03-31 | 0.86 | 0.10 | +13.16% |
| Q4 2011 | 2011-12-31 | 0.92 | 0.10 | +12.72% |
| Q3 2011 | 2011-09-30 | 0.82 | 0.03 | +4.44% |
| Q2 2011 | 2011-06-30 | 0.81 | 0.01 | +1.89% |
| Q1 2011 | 2011-03-31 | 0.76 | — | — |
| Q4 2010 | 2010-12-31 | 0.82 | 0.04 | +4.58% |
| Q3 2010 | 2010-09-30 | 0.78 | 0.02 | +2.78% |
| Q2 2010 | 2010-06-30 | 0.79 | 0.05 | +6.85% |
| Q4 2009 | 2009-12-31 | 0.78 | 0.09 | +13.71% |
| Q3 2009 | 2009-09-30 | 0.76 | — | — |
| Q2 2009 | 2009-06-30 | 0.74 | — | — |
| Q4 2008 | 2008-12-31 | 0.69 | — | — |
Duke Energy debt-to-equity ratio trends
Over the last five fiscal years, Duke Energy's debt-to-equity ratio increased from 1.34 to 1.76, a change of 0.42. The latest reported quarter, Q2 2026, shows 1.68.
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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