Firstgroup annual debt-to-equity ratio
2021
2022
2023
2024
2025
2026
Firstgroup Debt-to-Equity Ratio Growth & History (FGP)
Firstgroup's debt-to-equity ratio was 1.63 for fiscal 2026.
View full Firstgroup company overviewFirstgroup annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-28 | 1.63 | −0.48 | −22.89% |
| 2025 | 2025-03-29 | 2.11 | −0.48 | −18.61% |
| 2024 | 2024-03-30 | 2.60 | −0.20 | −6.99% |
| 2023 | 2023-03-25 | 2.79 | 1.18 | +73.14% |
| 2022 | 2022-03-26 | 1.61 | −1.63 | −50.24% |
| 2021 | 2021-03-27 | 3.24 | — | — |
Firstgroup quarterly debt-to-equity ratio
Q4.25
Q2.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-03-31 | 1.42 | −0.53 | −27.35% |
| Q2 2026 | 2025-09-30 | 2.03 | — | — |
| Q4 2025 | 2025-03-31 | 1.95 | — | — |
Firstgroup debt-to-equity ratio trends
Over the last five fiscal years, Firstgroup's debt-to-equity ratio decreased from 3.24 to 1.63, a change of −1.61. The latest reported quarter, Q4 2026, shows 1.42.
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 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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