Global Business Travel Group annual debt-to-equity ratio
2021
2022
2023
2024
2025
Global Business Travel Group Debt-to-Equity Ratio Growth & History (GBTG)
Global Business Travel Group's debt-to-equity ratio was 0.94 for fiscal 2025.
View full Global Business Travel Group company overviewGlobal Business Travel Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.94 | −0.45 | −32.67% |
| 2024 | 2024-12-31 | 1.39 | 0.20 | +17.18% |
| 2023 | 2023-12-31 | 1.19 | −7.38 | −86.14% |
| 2022 | 2022-12-31 | 8.57 | 7.74 | +933.32% |
| 2021 | 2021-12-31 | 0.83 | — | — |
Global Business Travel Group quarterly debt-to-equity ratio
Q4.21
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 | 0.98 | −0.24 | −19.48% |
| Q1 2026 | 2026-03-31 | 1.00 | −0.30 | −23.26% |
| Q4 2025 | 2025-12-31 | 0.94 | −0.45 | −32.67% |
| Q3 2025 | 2025-09-30 | 0.97 | −0.36 | −26.81% |
| Q2 2025 | 2025-06-30 | 1.21 | 0.03 | +2.79% |
| Q1 2025 | 2025-03-31 | 1.30 | 0.07 | +5.99% |
| Q4 2024 | 2024-12-31 | 1.39 | 0.20 | +17.18% |
| Q3 2024 | 2024-09-30 | 1.33 | 0.19 | +16.25% |
| Q2 2024 | 2024-06-30 | 1.18 | −6.92 | −85.45% |
| Q1 2024 | 2024-03-31 | 1.23 | −7.62 | −86.14% |
| Q4 2023 | 2023-12-31 | 1.19 | −7.38 | −86.14% |
| Q3 2023 | 2023-09-30 | 1.14 | −15.86 | −93.27% |
| Q2 2023 | 2023-06-30 | 8.10 | −6.89 | −45.95% |
| Q1 2023 | 2023-03-31 | 8.85 | — | — |
| Q4 2022 | 2022-12-31 | 8.57 | 7.74 | +933.32% |
| Q3 2022 | 2022-09-30 | 17.00 | — | — |
| Q2 2022 | 2022-06-30 | 14.99 | — | — |
| Q4 2021 | 2021-12-31 | 0.83 | — | — |
Global Business Travel Group debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Global Business Travel Group's debt-to-equity ratio increased from 0.83 to 0.94, a change of 0.11. The latest reported quarter, Q2 2026, shows 0.98.
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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