First Advantage annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
First Advantage Debt-to-Equity Ratio Growth & History (FA)
First Advantage's debt-to-equity ratio was 1.59 for fiscal 2025.
View full First Advantage company overviewFirst Advantage annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.59 | −0.06 | −3.62% |
| 2024 | 2024-12-31 | 1.65 | 1.02 | +163.44% |
| 2023 | 2023-12-31 | 0.63 | 0.12 | +23.82% |
| 2022 | 2022-12-31 | 0.51 | 0.02 | +3.24% |
| 2021 | 2021-12-31 | 0.49 | −0.50 | −50.44% |
| 2020 | 2020-12-31 | 0.99 | — | — |
First Advantage quarterly debt-to-equity ratio
Q4.20
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.58 | −0.07 | −4.12% |
| Q1 2026 | 2026-03-31 | 1.60 | −0.09 | −5.11% |
| Q4 2025 | 2025-12-31 | 1.59 | −0.06 | −3.62% |
| Q3 2025 | 2025-09-30 | 1.62 | 1.01 | +163.75% |
| Q2 2025 | 2025-06-30 | 1.65 | 1.02 | +164.85% |
| Q1 2025 | 2025-03-31 | 1.68 | 1.06 | +168.88% |
| Q4 2024 | 2024-12-31 | 1.65 | 1.02 | +163.44% |
| Q3 2024 | 2024-09-30 | 0.62 | −0.02 | −3.53% |
| Q2 2024 | 2024-06-30 | 0.62 | 0.10 | +19.46% |
| Q1 2024 | 2024-03-31 | 0.63 | 0.11 | +21.66% |
| Q4 2023 | 2023-12-31 | 0.63 | 0.12 | +23.82% |
| Q3 2023 | 2023-09-30 | 0.64 | 0.14 | +29.31% |
| Q2 2023 | 2023-06-30 | 0.52 | 0.02 | +4.27% |
| Q1 2023 | 2023-03-31 | 0.51 | 0.01 | +2.61% |
| Q4 2022 | 2022-12-31 | 0.51 | 0.02 | +3.24% |
| Q3 2022 | 2022-09-30 | 0.49 | −0.00 | −0.83% |
| Q2 2022 | 2022-06-30 | 0.50 | −0.01 | −1.00% |
| Q1 2022 | 2022-03-31 | 0.50 | — | — |
| Q4 2021 | 2021-12-31 | 0.49 | −0.50 | −50.44% |
| Q3 2021 | 2021-09-30 | 0.50 | — | — |
| Q2 2021 | 2021-06-30 | 0.50 | — | — |
| Q4 2020 | 2020-12-31 | 0.99 | — | — |
First Advantage debt-to-equity ratio trends
Over the last five fiscal years, First Advantage's debt-to-equity ratio increased from 0.99 to 1.59, a change of 0.60. The latest reported quarter, Q2 2026, shows 1.58.
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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