Gap annual debt-to-equity ratio
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2025
Gap Debt-to-Equity Ratio Growth & History (GAP)
Gap's debt-to-equity ratio was 1.48 for fiscal 2025.
View full Gap company overviewGap annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2026-01-31 | 1.48 | −0.20 | −11.99% |
| 2024 | 2025-02-01 | 1.68 | −0.42 | −20.00% |
| 2023 | 2024-02-03 | 2.10 | −0.44 | −17.43% |
| 2022 | 2023-01-28 | 2.54 | 0.24 | +10.57% |
| 2021 | 2022-01-29 | 2.30 | −0.64 | −21.67% |
| 2020 | 2021-01-30 | 2.93 | 0.62 | +26.64% |
| 2019 | 2020-02-01 | 2.32 | 1.96 | +555.43% |
| 2018 | 2019-02-02 | 0.35 | −0.04 | −11.09% |
| 2017 | 2018-02-03 | 0.40 | −0.05 | −12.14% |
| 2016 | 2017-01-28 | 0.45 | −0.23 | −33.52% |
| 2015 | 2016-01-30 | 0.68 | 0.23 | +49.96% |
| 2014 | 2015-01-31 | 0.45 | −0.00 | −0.37% |
| 2013 | 2014-02-01 | 0.46 | 0.02 | +5.74% |
| 2012 | 2013-02-02 | 0.43 | −0.17 | −28.76% |
| 2011 | 2012-01-28 | 0.60 | 0.60 | +82092.38% |
| 2010 | 2011-01-29 | 0.00 | 0.00 | — |
| 2009 | 2010-01-30 | 0.00 | −0.01 | — |
| 2008 | 2009-01-31 | 0.01 | — | — |
Gap quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-08-01 | 1.45 | −0.18 | −11.12% |
| Q1 2026 | 2026-05-02 | 1.54 | −0.11 | −6.55% |
| Q4 2025 | 2026-01-31 | 1.48 | −0.20 | −11.99% |
| Q3 2025 | 2025-11-01 | 1.51 | −0.23 | −13.25% |
| Q2 2025 | 2025-08-02 | 1.63 | −0.25 | −13.44% |
| Q1 2025 | 2025-05-03 | 1.65 | −0.38 | −18.70% |
| Q4 2024 | 2025-02-01 | 1.68 | −0.42 | −20.00% |
| Q3 2024 | 2024-11-02 | 1.74 | −0.51 | −22.69% |
| Q2 2024 | 2024-08-03 | 1.88 | −0.55 | −22.55% |
| Q1 2024 | 2024-05-04 | 2.03 | −0.53 | −20.70% |
| Q4 2023 | 2024-02-03 | 2.10 | −0.44 | −17.43% |
| Q3 2023 | 2023-10-28 | 2.26 | −0.02 | −0.88% |
| Q2 2023 | 2023-07-29 | 2.43 | −0.20 | −7.57% |
| Q1 2023 | 2023-04-29 | 2.56 | 0.07 | +2.68% |
| Q4 2022 | 2023-01-28 | 2.54 | 0.24 | +10.57% |
| Q3 2022 | 2022-10-29 | 2.28 | −0.02 | −0.81% |
| Q2 2022 | 2022-07-30 | 2.63 | 0.19 | +7.90% |
| Q1 2022 | 2022-04-30 | 2.50 | −0.17 | −6.21% |
| Q4 2021 | 2022-01-29 | 2.30 | −0.64 | −21.67% |
| Q3 2021 | 2021-10-30 | 2.29 | −1.05 | −31.47% |
| Q2 2021 | 2021-07-31 | 2.44 | −1.22 | −33.45% |
| Q1 2021 | 2021-05-01 | 2.66 | −0.78 | −22.63% |
| Q4 2020 | 2021-01-30 | 2.93 | 0.62 | +26.64% |
| Q3 2020 | 2020-10-31 | 3.35 | 1.19 | +55.28% |
| Q2 2020 | 2020-08-01 | 3.66 | 1.50 | +69.27% |
| Q1 2020 | 2020-05-02 | 3.44 | 1.26 | +57.93% |
| Q4 2019 | 2020-02-01 | 2.32 | 1.96 | +555.43% |
| Q3 2019 | 2019-11-02 | 2.16 | 1.79 | +493.66% |
| Q2 2019 | 2019-08-03 | 2.16 | 1.79 | +478.28% |
| Q1 2019 | 2019-05-04 | 2.18 | 1.79 | +457.30% |
| Q4 2018 | 2019-02-02 | 0.35 | −0.04 | −11.09% |
| Q3 2018 | 2018-11-03 | 0.36 | −0.05 | −12.02% |
| Q2 2018 | 2018-08-04 | 0.37 | −0.05 | −11.76% |
| Q1 2018 | 2018-05-05 | 0.39 | −0.07 | −14.97% |
| Q4 2017 | 2018-02-03 | 0.40 | −0.05 | −12.14% |
| Q3 2017 | 2017-10-28 | 0.41 | −0.23 | −35.49% |
| Q2 2017 | 2017-07-29 | 0.42 | −0.26 | −37.86% |
| Q1 2017 | 2017-04-29 | 0.46 | −0.23 | −33.48% |
| Q4 2016 | 2017-01-28 | 0.45 | −0.23 | −33.52% |
| Q3 2016 | 2016-10-29 | 0.64 | −0.03 | −4.73% |
| Q2 2016 | 2016-07-30 | 0.68 | 0.18 | +35.12% |
| Q1 2016 | 2016-04-30 | 0.69 | 0.22 | +47.08% |
| Q4 2015 | 2016-01-30 | 0.68 | 0.23 | +49.96% |
| Q3 2015 | 2015-10-31 | 0.67 | 0.19 | +38.93% |
| Q2 2015 | 2015-08-01 | 0.50 | 0.03 | +6.73% |
| Q1 2015 | 2015-05-02 | 0.47 | 0.01 | +2.35% |
| Q4 2014 | 2015-01-31 | 0.45 | −0.00 | −0.37% |
| Q3 2014 | 2014-11-01 | 0.48 | 0.06 | +14.58% |
| Q2 2014 | 2014-08-02 | 0.47 | 0.11 | +31.12% |
| Q1 2014 | 2014-05-03 | 0.46 | 0.06 | +16.31% |
| Q4 2013 | 2014-02-01 | 0.46 | 0.02 | +5.74% |
| Q3 2013 | 2013-11-02 | 0.42 | 0.03 | +6.85% |
| Q2 2013 | 2013-08-03 | 0.36 | −0.20 | −35.25% |
| Q1 2013 | 2013-05-04 | 0.39 | −0.14 | −26.76% |
| Q4 2012 | 2013-02-02 | 0.43 | −0.17 | −28.76% |
| Q3 2012 | 2012-10-27 | 0.39 | −0.23 | −36.68% |
| Q2 2012 | 2012-07-28 | 0.56 | 0.03 | +5.51% |
| Q1 2012 | 2012-04-28 | 0.54 | 0.21 | +62.62% |
| Q4 2011 | 2012-01-28 | 0.60 | 0.60 | +82092.38% |
| Q3 2011 | 2011-10-29 | 0.62 | 0.62 | +90188.98% |
| Q2 2011 | 2011-07-30 | 0.53 | 0.53 | — |
| Q1 2011 | 2011-04-30 | 0.33 | 0.33 | — |
| Q4 2010 | 2011-01-29 | 0.00 | 0.00 | — |
| Q3 2010 | 2010-10-30 | 0.00 | 0.00 | — |
| Q2 2010 | 2010-07-31 | 0.00 | 0.00 | — |
| Q1 2010 | 2010-05-01 | 0.00 | — | — |
| Q4 2009 | 2010-01-30 | 0.00 | −0.01 | — |
| Q3 2009 | 2009-10-31 | 0.00 | — | — |
| Q2 2009 | 2009-08-01 | 0.00 | — | — |
| Q4 2008 | 2009-01-31 | 0.01 | — | — |
Gap debt-to-equity ratio trends
Over the last five fiscal years, Gap's debt-to-equity ratio decreased from 2.93 to 1.48, a change of −1.46. The latest reported quarter, Q2 2026, shows 1.45.
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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