FirstCash Holdings annual debt-to-equity ratio
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2025
FirstCash Holdings Debt-to-Equity Ratio Growth & History (FCFS)
FirstCash Holdings's debt-to-equity ratio was 1.13 for fiscal 2025.
View full FirstCash Holdings company overviewFirstCash Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.13 | 0.13 | +13.05% |
| 2024 | 2024-12-31 | 1.00 | 0.03 | +3.60% |
| 2023 | 2023-12-31 | 0.96 | 0.07 | +8.38% |
| 2022 | 2022-12-31 | 0.89 | 0.01 | +1.29% |
| 2021 | 2021-12-31 | 0.88 | 0.18 | +25.25% |
| 2020 | 2020-12-31 | 0.70 | 0.03 | +3.76% |
| 2019 | 2019-12-31 | 0.68 | 0.23 | +50.62% |
| 2018 | 2018-12-31 | 0.45 | 0.18 | +64.42% |
| 2017 | 2017-12-31 | 0.27 | 0.14 | +101.14% |
| 2016 | 2016-12-31 | 0.14 | −0.32 | −70.15% |
| 2015 | 2015-12-31 | 0.45 | −0.01 | −1.37% |
| 2014 | 2014-12-31 | 0.46 | 0.46 | — |
| 2013 | 2013-12-31 | 0.00 | −0.32 | — |
| 2012 | 2012-12-31 | 0.32 | 0.32 | — |
| 2011 | 2011-12-31 | 0.00 | −0.01 | — |
| 2010 | 2010-12-31 | 0.01 | — | — |
FirstCash Holdings quarterly debt-to-equity ratio
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Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q4.12
Q1.13
Q2.13
Q3.13
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Q2.14
Q3.14
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Q1.15
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Q4.17
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Q2.18
Q3.18
Q4.18
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Q2.19
Q3.19
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Q4.22
Q1.23
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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 | 1.13 | 0.26 | +29.77% |
| Q1 2026 | 2026-03-31 | 0.89 | −0.02 | −1.74% |
| Q4 2025 | 2025-12-31 | 1.13 | 0.13 | +13.05% |
| Q3 2025 | 2025-09-30 | 0.91 | −0.02 | −1.76% |
| Q2 2025 | 2025-06-30 | 0.87 | −0.06 | −6.37% |
| Q1 2025 | 2025-03-31 | 0.90 | 0.00 | +0.36% |
| Q4 2024 | 2024-12-31 | 1.00 | 0.03 | +3.60% |
| Q3 2024 | 2024-09-30 | 0.93 | 0.23 | +32.89% |
| Q2 2024 | 2024-06-30 | 0.93 | 0.23 | +33.14% |
| Q1 2024 | 2024-03-31 | 0.90 | 0.19 | +26.17% |
| Q4 2023 | 2023-12-31 | 0.96 | 0.07 | +8.38% |
| Q3 2023 | 2023-09-30 | 0.70 | −0.04 | −4.80% |
| Q2 2023 | 2023-06-30 | 0.70 | −0.03 | −3.77% |
| Q1 2023 | 2023-03-31 | 0.71 | −0.04 | −5.12% |
| Q4 2022 | 2022-12-31 | 0.89 | 0.01 | +1.29% |
| Q3 2022 | 2022-09-30 | 0.73 | 0.13 | +21.52% |
| Q2 2022 | 2022-06-30 | 0.73 | 0.13 | +20.82% |
| Q1 2022 | 2022-03-31 | 0.75 | 0.16 | +26.51% |
| Q4 2021 | 2021-12-31 | 0.88 | 0.18 | +25.25% |
| Q3 2021 | 2021-09-30 | 0.60 | −0.01 | −2.02% |
| Q2 2021 | 2021-06-30 | 0.60 | 0.15 | +31.97% |
| Q1 2021 | 2021-03-31 | 0.59 | 0.13 | +27.82% |
| Q4 2020 | 2020-12-31 | 0.70 | 0.03 | +3.76% |
| Q3 2020 | 2020-09-30 | 0.62 | 0.20 | +46.67% |
| Q2 2020 | 2020-06-30 | 0.46 | 0.03 | +7.32% |
| Q1 2020 | 2020-03-31 | 0.46 | 0.04 | +8.27% |
| Q4 2019 | 2019-12-31 | 0.68 | 0.23 | +50.62% |
| Q3 2019 | 2019-09-30 | 0.42 | 0.19 | +86.23% |
| Q2 2019 | 2019-06-30 | 0.43 | 0.20 | +88.76% |
| Q1 2019 | 2019-03-31 | 0.43 | 0.22 | +106.87% |
| Q4 2018 | 2018-12-31 | 0.45 | 0.18 | +64.42% |
| Q3 2018 | 2018-09-30 | 0.23 | 0.02 | +12.18% |
| Q2 2018 | 2018-06-30 | 0.23 | 0.03 | +14.14% |
| Q1 2018 | 2018-03-31 | 0.21 | 0.08 | +56.80% |
| Q4 2017 | 2017-12-31 | 0.27 | 0.14 | +101.14% |
| Q3 2017 | 2017-09-30 | 0.20 | 0.06 | +46.66% |
| Q2 2017 | 2017-06-30 | 0.20 | −0.25 | −56.33% |
| Q1 2017 | 2017-03-31 | 0.13 | −0.31 | −70.36% |
| Q4 2016 | 2016-12-31 | 0.14 | −0.32 | −70.15% |
| Q3 2016 | 2016-09-30 | 0.14 | −0.34 | −71.06% |
| Q2 2016 | 2016-06-30 | 0.45 | 0.00 | +0.41% |
| Q1 2016 | 2016-03-31 | 0.45 | −0.01 | −1.23% |
| Q4 2015 | 2015-12-31 | 0.45 | −0.01 | −1.37% |
| Q3 2015 | 2015-09-30 | 0.47 | 0.01 | +1.68% |
| Q2 2015 | 2015-06-30 | 0.45 | −0.00 | −0.30% |
| Q1 2015 | 2015-03-31 | 0.45 | −0.01 | −1.20% |
| Q4 2014 | 2014-12-31 | 0.46 | 0.46 | — |
| Q3 2014 | 2014-09-30 | 0.47 | 0.47 | — |
| Q2 2014 | 2014-06-30 | 0.45 | 0.45 | — |
| Q1 2014 | 2014-03-31 | 0.46 | 0.46 | — |
| Q4 2013 | 2013-12-31 | 0.00 | −0.32 | — |
| Q3 2013 | 2013-09-30 | 0.00 | — | — |
| Q2 2013 | 2013-06-30 | 0.00 | −0.01 | — |
| Q1 2013 | 2013-03-31 | 0.00 | −0.02 | — |
| Q4 2012 | 2012-12-31 | 0.32 | 0.32 | — |
| Q2 2012 | 2012-06-30 | 0.01 | 0.01 | +190.83% |
| Q1 2012 | 2012-03-31 | 0.02 | — | — |
| Q4 2011 | 2011-12-31 | 0.00 | −0.01 | — |
| Q3 2011 | 2011-09-30 | 0.01 | — | — |
| Q2 2011 | 2011-06-30 | 0.01 | — | — |
| Q4 2010 | 2010-12-31 | 0.01 | — | — |
FirstCash Holdings debt-to-equity ratio trends
Over the last five fiscal years, FirstCash Holdings's debt-to-equity ratio increased from 0.70 to 1.13, a change of 0.43. The latest reported quarter, Q2 2026, shows 1.13.
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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