Ecopetrol S.a annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ecopetrol S.a Debt-to-Equity Ratio Growth & History (EC)
Ecopetrol S.a's debt-to-equity ratio was 1.34 for fiscal 2025.
View full Ecopetrol S.a company overviewEcopetrol S.a annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.34 | −0.16 | −10.68% |
| 2024 | 2024-12-31 | 1.50 | 0.10 | +7.48% |
| 2023 | 2023-12-31 | 1.40 | 0.06 | +4.59% |
| 2022 | 2022-12-31 | 1.34 | −0.05 | −3.72% |
| 2021 | 2021-12-31 | 1.39 | 0.45 | +48.21% |
| 2020 | 2020-12-31 | 0.94 | 0.23 | +33.26% |
| 2019 | 2019-12-31 | 0.70 | 0.01 | +1.80% |
| 2018 | 2018-12-31 | 0.69 | −0.25 | −26.39% |
| 2017 | 2017-12-31 | 0.94 | −0.30 | −24.53% |
| 2016 | 2016-12-31 | 1.24 | — | — |
Ecopetrol S.a quarterly debt-to-equity ratio
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q2.21
Q4.21
Q3.22
Q4.22
Q3.23
Q4.23
Q2.24
Q4.24
Q2.25
Q3.25
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 1.34 | −0.16 | −10.68% |
| Q3 2025 | 2025-09-30 | 1.42 | — | — |
| Q2 2025 | 2025-06-30 | 1.52 | −0.12 | −7.26% |
| Q4 2024 | 2024-12-31 | 1.50 | 0.10 | +7.48% |
| Q2 2024 | 2024-06-30 | 1.64 | — | — |
| Q4 2023 | 2023-12-31 | 1.40 | 0.06 | +4.59% |
| Q3 2023 | 2023-09-30 | 1.44 | 0.04 | +2.96% |
| Q4 2022 | 2022-12-31 | 1.34 | −0.05 | −3.72% |
| Q3 2022 | 2022-09-30 | 1.40 | — | — |
| Q4 2021 | 2021-12-31 | 1.39 | 0.45 | +48.21% |
| Q2 2021 | 2021-06-30 | 0.89 | — | — |
| Q4 2020 | 2020-12-31 | 0.94 | 0.23 | +33.26% |
| Q4 2019 | 2019-12-31 | 0.70 | 0.01 | +1.80% |
| Q4 2018 | 2018-12-31 | 0.69 | −0.25 | −26.39% |
| Q4 2017 | 2017-12-31 | 0.94 | −0.30 | −24.53% |
| Q4 2016 | 2016-12-31 | 1.24 | — | — |
Ecopetrol S.a debt-to-equity ratio trends
Over the last five fiscal years, Ecopetrol S.a's debt-to-equity ratio increased from 0.94 to 1.34, a change of 0.41. The latest reported quarter, Q4 2025, shows 1.34.
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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