Equitable Holdings Debt-to-Equity Ratio Growth & History (EQH)
Equitable Holdings's debt-to-equity ratio was 2.89 for fiscal 2024.
View full Equitable Holdings company overviewEquitable Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | 2.89 | 1.13 | +63.95% |
| 2023 | 2023-12-31 | 1.77 | −1.59 | −47.37% |
| 2022 | 2022-12-31 | 3.35 | 2.95 | +722.20% |
| 2021 | 2021-12-31 | 0.41 | 0.09 | +27.85% |
| 2020 | 2020-12-31 | 0.32 | −0.05 | −14.03% |
| 2019 | 2019-12-31 | 0.37 | 0.01 | +3.86% |
| 2018 | 2018-12-31 | 0.36 | 0.18 | +99.17% |
| 2017 | 2017-12-31 | 0.18 | — | — |
Equitable Holdings quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | 14.05 | 12.25 | +679.35% |
| Q3 2025 | 2025-09-30 | 25.90 | 24.70 | +2063.97% |
| Q2 2025 | 2025-06-30 | 3.77 | 1.37 | +57.31% |
| Q1 2025 | 2025-03-31 | 1.80 | −0.11 | −5.98% |
| Q4 2024 | 2024-12-31 | 2.89 | 1.13 | +63.95% |
| Q3 2024 | 2024-09-30 | 1.20 | −1.13 | −48.56% |
| Q2 2024 | 2024-06-30 | 2.40 | 1.32 | +122.98% |
| Q1 2024 | 2024-03-31 | 1.92 | 0.70 | +57.57% |
| Q4 2023 | 2023-12-31 | 1.77 | −1.59 | −47.37% |
| Q3 2023 | 2023-09-30 | 2.33 | 1.11 | +90.87% |
| Q2 2023 | 2023-06-30 | 1.07 | 0.34 | +47.06% |
| Q1 2023 | 2023-03-31 | 1.22 | 0.71 | +139.44% |
| Q4 2022 | 2022-12-31 | 3.35 | 2.95 | +722.20% |
| Q3 2022 | 2022-09-30 | 1.22 | 0.89 | +270.83% |
| Q2 2022 | 2022-06-30 | 0.73 | 0.40 | +118.75% |
| Q1 2022 | 2022-03-31 | 0.51 | 0.13 | +35.17% |
| Q4 2021 | 2021-12-31 | 0.41 | 0.09 | +27.85% |
| Q3 2021 | 2021-09-30 | 0.33 | 0.09 | +38.22% |
| Q2 2021 | 2021-06-30 | 0.33 | 0.10 | +42.15% |
| Q1 2021 | 2021-03-31 | 0.38 | 0.17 | +78.22% |
| Q4 2020 | 2020-12-31 | 0.32 | −0.05 | −14.03% |
| Q3 2020 | 2020-09-30 | 0.24 | −0.14 | −37.81% |
| Q2 2020 | 2020-06-30 | 0.24 | −0.16 | −39.74% |
| Q1 2020 | 2020-03-31 | 0.21 | −0.24 | −53.17% |
| Q4 2019 | 2019-12-31 | 0.37 | 0.01 | +3.86% |
| Q3 2019 | 2019-09-30 | 0.38 | −0.00 | −1.26% |
| Q2 2019 | 2019-06-30 | 0.39 | 0.02 | +5.91% |
| Q1 2019 | 2019-03-31 | 0.45 | 0.28 | +157.27% |
| Q4 2018 | 2018-12-31 | 0.36 | 0.18 | +99.17% |
| Q3 2018 | 2018-09-30 | 0.39 | — | — |
| Q2 2018 | 2018-06-30 | 0.37 | — | — |
| Q1 2018 | 2018-03-31 | 0.18 | — | — |
| Q4 2017 | 2017-12-31 | 0.18 | — | — |
Equitable Holdings debt-to-equity ratio trends
Over the last five fiscal years, Equitable Holdings's debt-to-equity ratio increased from 0.37 to 2.89, a change of 2.52. The latest reported quarter, Q1 2026, shows 14.05.
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.
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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