Eaton annual debt-to-equity ratio
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2025
Eaton Debt-to-Equity Ratio Growth & History (ETN)
Eaton's debt-to-equity ratio was 0.55 for fiscal 2025.
View full Eaton company overviewEaton annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.55 | 0.01 | +1.85% |
| 2024 | 2024-12-31 | 0.54 | 0.02 | +3.45% |
| 2023 | 2023-12-31 | 0.52 | −0.02 | −3.75% |
| 2022 | 2022-12-31 | 0.54 | −0.01 | −1.48% |
| 2021 | 2021-12-31 | 0.55 | −0.02 | −3.30% |
| 2020 | 2020-12-31 | 0.57 | 0.02 | +4.35% |
| 2019 | 2019-12-31 | 0.55 | 0.08 | +16.84% |
| 2018 | 2018-12-31 | 0.47 | 0.02 | +3.94% |
| 2017 | 2017-12-31 | 0.45 | −0.10 | −18.83% |
| 2016 · Dec 31 | 2016-12-31 | 0.55 | −0.00 | −0.10% |
| 2015 | 2015-12-31 | 0.55 | −0.02 | −3.18% |
| 2014 | 2014-12-31 | 0.57 | 0.00 | +0.63% |
| 2013 · Dec 31 | 2013-12-31 | 0.57 | −0.15 | −20.68% |
| 2012 | 2012-12-31 | 0.72 | 0.21 | +41.94% |
| 2011 | 2011-12-31 | 0.51 | — | — |
Eaton 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 | 1.05 | 0.49 | +87.39% |
| Q1 2026 | 2026-03-31 | 1.10 | 0.61 | +124.70% |
| Q4 2025 | 2025-12-31 | 0.55 | 0.01 | +1.85% |
| Q3 2025 | 2025-09-30 | 0.54 | 0.05 | +9.29% |
| Q2 2025 | 2025-06-30 | 0.56 | 0.08 | +17.13% |
| Q1 2025 | 2025-03-31 | 0.49 | 0.03 | +7.67% |
| Q4 2024 | 2024-12-31 | 0.54 | 0.02 | +3.45% |
| Q3 2024 | 2024-09-30 | 0.49 | 0.02 | +3.96% |
| Q2 2024 | 2024-06-30 | 0.48 | −0.04 | −8.23% |
| Q1 2024 | 2024-03-31 | 0.46 | −0.07 | −14.05% |
| Q4 2023 | 2023-12-31 | 0.52 | −0.02 | −3.75% |
| Q3 2023 | 2023-09-30 | 0.47 | −0.12 | −19.75% |
| Q2 2023 | 2023-06-30 | 0.52 | 0.03 | +6.25% |
| Q1 2023 | 2023-03-31 | 0.53 | 0.04 | +7.22% |
| Q4 2022 | 2022-12-31 | 0.54 | −0.01 | −1.48% |
| Q3 2022 | 2022-09-30 | 0.59 | 0.01 | +0.90% |
| Q2 2022 | 2022-06-30 | 0.49 | −0.32 | −39.19% |
| Q1 2022 | 2022-03-31 | 0.49 | −0.14 | −21.71% |
| Q4 2021 | 2021-12-31 | 0.55 | −0.02 | −3.30% |
| Q3 2021 | 2021-09-30 | 0.58 | 0.08 | +15.79% |
| Q2 2021 | 2021-06-30 | 0.81 | 0.29 | +55.78% |
| Q1 2021 | 2021-03-31 | 0.63 | 0.03 | +5.72% |
| Q4 2020 | 2020-12-31 | 0.57 | 0.02 | +4.35% |
| Q3 2020 | 2020-09-30 | 0.50 | −0.03 | −6.02% |
| Q2 2020 | 2020-06-30 | 0.52 | −0.00 | −0.57% |
| Q1 2020 | 2020-03-31 | 0.60 | 0.11 | +21.95% |
| Q4 2019 | 2019-12-31 | 0.55 | 0.08 | +16.84% |
| Q3 2019 | 2019-09-30 | 0.53 | 0.13 | +31.34% |
| Q2 2019 | 2019-06-30 | 0.52 | 0.09 | +20.07% |
| Q1 2019 | 2019-03-31 | 0.49 | 0.08 | +20.34% |
| Q4 2018 | 2018-12-31 | 0.47 | 0.02 | +3.94% |
| Q3 2018 | 2018-09-30 | 0.41 | −0.03 | −7.21% |
| Q2 2018 | 2018-06-30 | 0.43 | −0.02 | −4.89% |
| Q1 2018 | 2018-03-31 | 0.41 | −0.05 | −10.35% |
| Q4 2017 | 2017-12-31 | 0.45 | −0.10 | −18.83% |
| Q3 2017 | 2017-09-30 | 0.44 | −0.07 | −14.28% |
| Q2 2017 | 2017-06-30 | 0.46 | −0.08 | −14.19% |
| Q1 2017 | 2017-03-31 | 0.45 | −0.09 | −16.00% |
| Q4 2016 · Dec 31 | 2016-12-31 | 0.55 | −0.00 | −0.10% |
| Q3 2016 | 2016-09-30 | 0.51 | 0.00 | +0.40% |
| Q2 2016 | 2016-06-30 | 0.53 | 0.03 | +6.12% |
| Q1 2016 | 2016-03-31 | 0.54 | 0.01 | +1.59% |
| Q4 2015 | 2015-12-31 | 0.55 | −0.02 | −3.18% |
| Q3 2015 | 2015-09-30 | 0.51 | −0.01 | −1.57% |
| Q2 2015 | 2015-06-30 | 0.50 | −0.01 | −1.06% |
| Q1 2015 | 2015-03-31 | 0.53 | 0.00 | +0.77% |
| Q4 2014 | 2014-12-31 | 0.57 | 0.00 | +0.63% |
| Q2 2014 | 2014-09-30 | 0.52 | −0.05 | −8.73% |
| Q1 2014 · Jun 30 | 2014-06-30 | 0.51 | −0.09 | −14.98% |
| Q1 2014 · Mar 31 | 2014-03-31 | 0.53 | −0.10 | −16.17% |
| Q4 2013 · Dec 31 | 2013-12-31 | 0.57 | −0.15 | −20.68% |
| Q3 2013 | 2013-09-30 | 0.57 | — | — |
| Q2 2013 | 2013-06-30 | 0.60 | — | — |
| Q1 2013 | 2013-03-31 | 0.63 | — | — |
| Q4 2012 | 2012-12-31 | 0.72 | — | — |
Eaton debt-to-equity ratio trends
Over the last five fiscal years, Eaton's debt-to-equity ratio decreased from 0.57 to 0.55, a change of −0.02. The latest reported quarter, Q2 2026, shows 1.05.
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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