Ecolab annual debt-to-equity ratio
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Ecolab Debt-to-Equity Ratio Growth & History (ECL)
Ecolab's debt-to-equity ratio was 0.91 for fiscal 2025.
View full Ecolab company overviewEcolab annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.91 | −0.04 | −3.80% |
| 2024 | 2024-12-31 | 0.95 | −0.14 | −12.90% |
| 2023 | 2023-12-31 | 1.09 | −0.16 | −12.95% |
| 2022 | 2022-12-31 | 1.25 | 0.04 | +2.97% |
| 2021 | 2021-12-31 | 1.21 | 0.06 | +5.23% |
| 2020 | 2020-12-31 | 1.15 | 0.36 | +45.86% |
| 2019 | 2019-12-31 | 0.79 | −0.05 | −5.81% |
| 2018 | 2018-12-31 | 0.84 | −0.13 | −13.09% |
| 2017 | 2017-12-31 | 0.96 | −0.00 | −0.10% |
| 2016 | 2016-12-31 | 0.96 | 0.12 | +14.34% |
| 2015 | 2015-12-31 | 0.84 | 0.08 | +10.25% |
| 2014 | 2014-12-31 | 0.77 | −0.13 | −14.18% |
| 2013 | 2013-12-31 | 0.89 | −0.08 | −8.21% |
| 2012 | 2012-12-31 | 0.97 | −0.20 | −16.84% |
| 2011 | 2011-12-31 | 1.17 | 0.79 | +205.87% |
| 2010 | 2010-12-31 | 0.38 | −0.10 | −21.00% |
| 2009 | 2009-12-31 | 0.48 | −0.24 | −33.25% |
| 2008 | 2008-12-31 | 0.72 | — | — |
Ecolab 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 | 1.33 | 0.43 | +47.80% |
| Q1 2026 | 2026-03-31 | 0.84 | −0.04 | −4.37% |
| Q4 2025 | 2025-12-31 | 0.91 | −0.04 | −3.80% |
| Q3 2025 | 2025-09-30 | 0.85 | −0.06 | −6.66% |
| Q2 2025 | 2025-06-30 | 0.90 | −0.03 | −3.08% |
| Q1 2025 | 2025-03-31 | 0.87 | −0.06 | −6.47% |
| Q4 2024 | 2024-12-31 | 0.95 | −0.14 | −12.90% |
| Q3 2024 | 2024-09-30 | 0.91 | −0.21 | −19.06% |
| Q2 2024 | 2024-06-30 | 0.93 | −0.23 | −19.82% |
| Q1 2024 | 2024-03-31 | 0.93 | −0.26 | −21.49% |
| Q4 2023 | 2023-12-31 | 1.09 | −0.16 | −12.95% |
| Q3 2023 | 2023-09-30 | 1.12 | −0.03 | −2.79% |
| Q2 2023 | 2023-06-30 | 1.15 | −0.01 | −1.07% |
| Q1 2023 | 2023-03-31 | 1.19 | 0.01 | +0.49% |
| Q4 2022 | 2022-12-31 | 1.25 | 0.04 | +2.97% |
| Q3 2022 | 2022-09-30 | 1.15 | 0.28 | +32.05% |
| Q2 2022 | 2022-06-30 | 1.17 | 0.15 | +14.64% |
| Q1 2022 | 2022-03-31 | 1.18 | 0.10 | +9.33% |
| Q4 2021 | 2021-12-31 | 1.21 | 0.06 | +5.23% |
| Q3 2021 | 2021-09-30 | 0.87 | −0.26 | −22.75% |
| Q2 2021 | 2021-06-30 | 1.02 | −0.16 | −13.29% |
| Q1 2021 | 2021-03-31 | 1.08 | 0.30 | +38.45% |
| Q4 2020 | 2020-12-31 | 1.15 | 0.36 | +45.86% |
| Q3 2020 | 2020-09-30 | 1.13 | 0.33 | +41.51% |
| Q2 2020 | 2020-06-30 | 1.17 | 0.34 | +41.26% |
| Q1 2020 | 2020-03-31 | 0.78 | −0.06 | −6.58% |
| Q4 2019 | 2019-12-31 | 0.79 | −0.05 | −5.81% |
| Q3 2019 | 2019-09-30 | 0.80 | −0.08 | −9.38% |
| Q2 2019 | 2019-06-30 | 0.83 | −0.06 | −6.66% |
| Q1 2019 | 2019-03-31 | 0.84 | −0.09 | −9.68% |
| Q4 2018 | 2018-12-31 | 0.84 | −0.13 | −13.09% |
| Q3 2018 | 2018-09-30 | 0.88 | −0.13 | −12.80% |
| Q2 2018 | 2018-06-30 | 0.89 | −0.08 | −8.30% |
| Q1 2018 | 2018-03-31 | 0.93 | −0.05 | −5.13% |
| Q4 2017 | 2017-12-31 | 0.96 | −0.00 | −0.10% |
| Q3 2017 | 2017-09-30 | 1.01 | 0.06 | +5.97% |
| Q2 2017 | 2017-06-30 | 0.97 | −0.02 | −2.18% |
| Q1 2017 | 2017-03-31 | 0.98 | −0.02 | −1.61% |
| Q4 2016 | 2016-12-31 | 0.96 | 0.12 | +14.34% |
| Q3 2016 | 2016-09-30 | 0.95 | 0.06 | +7.04% |
| Q2 2016 | 2016-06-30 | 0.99 | 0.12 | +14.33% |
| Q1 2016 | 2016-03-31 | 0.99 | 0.13 | +15.13% |
| Q4 2015 | 2015-12-31 | 0.84 | 0.08 | +10.25% |
| Q3 2015 | 2015-09-30 | 0.89 | 0.09 | +11.83% |
| Q2 2015 | 2015-06-30 | 0.87 | 0.02 | +2.13% |
| Q1 2015 | 2015-03-31 | 0.86 | −0.03 | −3.63% |
| Q4 2014 | 2014-12-31 | 0.77 | −0.13 | −14.18% |
| Q3 2014 | 2014-09-30 | 0.80 | −0.19 | −19.56% |
| Q2 2014 | 2014-06-30 | 0.85 | −0.17 | −16.68% |
| Q1 2014 | 2014-03-31 | 0.89 | −0.06 | −6.64% |
| Q4 2013 | 2013-12-31 | 0.89 | −0.08 | −8.21% |
| Q3 2013 | 2013-09-30 | 0.99 | 0.08 | +9.14% |
| Q2 2013 | 2013-06-30 | 1.02 | 0.15 | +17.42% |
| Q1 2013 | 2013-03-31 | 0.96 | 0.10 | +11.73% |
| Q4 2012 | 2012-12-31 | 0.97 | −0.20 | −16.84% |
| Q3 2012 | 2012-09-30 | 0.91 | 0.49 | +115.77% |
| Q2 2012 | 2012-06-30 | 0.87 | 0.40 | +83.59% |
| Q1 2012 | 2012-03-31 | 0.86 | 0.32 | +59.33% |
| Q4 2011 | 2011-12-31 | 1.17 | 0.79 | +205.87% |
| Q3 2011 | 2011-09-30 | 0.42 | −0.08 | −16.68% |
| Q2 2011 | 2011-06-30 | 0.47 | −0.05 | −8.72% |
| Q1 2011 | 2011-03-31 | 0.54 | −0.02 | −3.59% |
| Q4 2010 | 2010-12-31 | 0.38 | −0.10 | −21.00% |
| Q3 2010 | 2010-09-30 | 0.50 | 0.01 | +1.92% |
| Q2 2010 | 2010-06-30 | 0.52 | −0.08 | −13.74% |
| Q1 2010 | 2010-03-31 | 0.56 | — | — |
| Q4 2009 | 2009-12-31 | 0.48 | −0.24 | −33.25% |
| Q3 2009 | 2009-09-30 | 0.49 | — | — |
| Q2 2009 | 2009-06-30 | 0.60 | — | — |
| Q4 2008 | 2008-12-31 | 0.72 | — | — |
Ecolab debt-to-equity ratio trends
Over the last five fiscal years, Ecolab's debt-to-equity ratio decreased from 1.15 to 0.91, a change of −0.24. The latest reported quarter, Q2 2026, shows 1.33.
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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