General Dynamics annual debt-to-equity ratio
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2025
General Dynamics Debt-to-Equity Ratio Growth & History (GD)
General Dynamics's debt-to-equity ratio was 0.38 for fiscal 2025.
View full General Dynamics company overviewGeneral Dynamics annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.38 | −0.10 | −21.03% |
| 2024 | 2024-12-31 | 0.49 | −0.04 | −7.11% |
| 2023 | 2023-12-31 | 0.52 | −0.13 | −20.29% |
| 2022 | 2022-12-31 | 0.66 | −0.10 | −12.70% |
| 2021 | 2021-12-31 | 0.75 | −0.20 | −20.58% |
| 2020 | 2020-12-31 | 0.95 | −0.04 | −4.38% |
| 2019 | 2019-12-31 | 0.99 | −0.07 | −6.45% |
| 2018 | 2018-12-31 | 1.06 | 0.72 | +214.15% |
| 2017 | 2017-12-31 | 0.34 | −0.04 | −10.60% |
| 2016 | 2016-12-31 | 0.38 | 0.05 | +15.93% |
| 2015 | 2015-12-31 | 0.33 | −0.00 | −1.07% |
| 2014 | 2014-12-31 | 0.33 | 0.06 | +22.09% |
| 2013 | 2013-12-31 | 0.27 | −0.07 | −21.45% |
| 2012 | 2012-12-31 | 0.34 | 0.05 | +15.55% |
| 2011 | 2011-12-31 | 0.30 | 0.06 | +23.48% |
| 2010 | 2010-12-31 | 0.24 | −0.07 | −22.67% |
| 2009 | 2009-12-31 | 0.31 | −0.09 | −22.30% |
| 2008 | 2008-12-31 | 0.40 | — | — |
General Dynamics quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.35 | −0.10 | −22.04% |
| Q1 2026 | 2026-04-05 | 0.38 | −0.14 | −27.19% |
| Q4 2025 | 2025-12-31 | 0.38 | −0.10 | −21.03% |
| Q3 2025 | 2025-09-28 | 0.41 | −0.08 | −16.82% |
| Q2 2025 | 2025-06-29 | 0.45 | −0.05 | −10.76% |
| Q1 2025 | 2025-03-30 | 0.52 | 0.00 | +0.12% |
| Q4 2024 | 2024-12-31 | 0.49 | −0.04 | −7.11% |
| Q3 2024 | 2024-09-29 | 0.49 | −0.07 | −11.91% |
| Q2 2024 | 2024-06-30 | 0.51 | −0.09 | −14.50% |
| Q1 2024 | 2024-03-31 | 0.52 | −0.12 | −18.52% |
| Q4 2023 | 2023-12-31 | 0.52 | −0.13 | −20.29% |
| Q3 2023 | 2023-10-01 | 0.56 | −0.19 | −25.88% |
| Q2 2023 | 2023-07-02 | 0.59 | −0.17 | −22.22% |
| Q1 2023 | 2023-04-02 | 0.64 | −0.10 | −13.38% |
| Q4 2022 | 2022-12-31 | 0.66 | −0.10 | −12.70% |
| Q3 2022 | 2022-10-02 | 0.75 | −0.23 | −23.69% |
| Q2 2022 | 2022-07-03 | 0.76 | −0.27 | −25.78% |
| Q1 2022 | 2022-04-03 | 0.74 | −0.21 | −22.56% |
| Q4 2021 | 2021-12-31 | 0.75 | −0.20 | −20.58% |
| Q3 2021 | 2021-10-03 | 0.98 | −0.00 | −0.38% |
| Q2 2021 | 2021-07-04 | 1.03 | −0.10 | −8.59% |
| Q1 2021 | 2021-04-04 | 0.95 | −0.48 | −33.72% |
| Q4 2020 | 2020-12-31 | 0.95 | −0.04 | −4.38% |
| Q3 2020 | 2020-09-27 | 0.99 | −0.16 | −14.02% |
| Q2 2020 | 2020-06-28 | 1.13 | −0.09 | −7.53% |
| Q1 2020 | 2020-03-29 | 1.44 | 0.18 | +14.54% |
| Q4 2019 | 2019-12-31 | 0.99 | −0.07 | −6.45% |
| Q3 2019 | 2019-09-29 | 1.15 | 0.11 | +10.81% |
| Q2 2019 | 2019-06-30 | 1.22 | 0.02 | +1.38% |
| Q1 2019 | 2019-03-31 | 1.25 | 0.70 | +126.01% |
| Q4 2018 | 2018-12-31 | 1.06 | 0.72 | +214.15% |
| Q3 2018 | 2018-09-30 | 1.03 | 0.61 | +144.97% |
| Q2 2018 | 2018-07-01 | 1.20 | 0.84 | +230.54% |
| Q1 2018 | 2018-04-01 | 0.55 | 0.19 | +50.97% |
| Q4 2017 | 2017-12-31 | 0.34 | −0.04 | −10.60% |
| Q3 2017 | 2017-10-01 | 0.42 | 0.06 | +18.05% |
| Q2 2017 | 2017-07-02 | 0.36 | 0.04 | +11.83% |
| Q1 2017 | 2017-04-02 | 0.37 | 0.03 | +10.16% |
| Q4 2016 | 2016-12-31 | 0.38 | 0.05 | +15.93% |
| Q3 2016 | 2016-10-02 | 0.36 | 0.04 | +12.48% |
| Q2 2016 | 2016-07-03 | 0.32 | 0.02 | +7.31% |
| Q1 2016 | 2016-04-03 | 0.33 | 0.04 | +12.67% |
| Q4 2015 | 2015-12-31 | 0.33 | −0.00 | −1.07% |
| Q3 2015 | 2015-10-04 | 0.32 | 0.02 | +5.77% |
| Q2 2015 | 2015-07-05 | 0.30 | 0.00 | +1.56% |
| Q1 2015 | 2015-04-05 | 0.30 | 0.01 | +3.64% |
| Q4 2014 | 2014-12-31 | 0.33 | 0.06 | +22.09% |
| Q3 2014 | 2014-09-28 | 0.30 | −0.01 | −3.73% |
| Q2 2014 | 2014-06-29 | 0.30 | −0.03 | −10.34% |
| Q1 2014 | 2014-03-30 | 0.29 | −0.05 | −15.38% |
| Q4 2013 | 2013-12-31 | 0.27 | −0.07 | −21.45% |
| Q3 2013 | 2013-09-29 | 0.31 | 0.04 | +13.54% |
| Q2 2013 | 2013-06-30 | 0.33 | 0.04 | +15.47% |
| Q1 2013 | 2013-03-31 | 0.34 | — | — |
| Q4 2012 | 2012-12-31 | 0.34 | 0.05 | +15.55% |
| Q3 2012 | 2012-09-30 | 0.28 | — | — |
| Q2 2012 | 2012-07-01 | 0.29 | 0.06 | +26.02% |
| Q4 2011 | 2011-12-31 | 0.30 | 0.06 | +23.48% |
| Q2 2011 | 2011-07-03 | 0.23 | −0.07 | −24.06% |
| Q1 2011 | 2011-04-03 | 0.23 | −0.07 | −23.65% |
| Q4 2010 | 2010-12-31 | 0.24 | −0.07 | −22.67% |
| Q3 2010 | 2010-10-03 | 0.24 | −0.09 | −28.46% |
| Q2 2010 | 2010-07-04 | 0.30 | −0.06 | −15.48% |
| Q1 2010 | 2010-04-04 | 0.30 | — | — |
| Q4 2009 | 2009-12-31 | 0.31 | −0.09 | −22.30% |
| Q3 2009 | 2009-10-04 | 0.33 | — | — |
| Q2 2009 | 2009-07-05 | 0.36 | — | — |
| Q4 2008 | 2008-12-31 | 0.40 | — | — |
General Dynamics debt-to-equity ratio trends
Over the last five fiscal years, General Dynamics's debt-to-equity ratio decreased from 0.95 to 0.38, a change of −0.56. The latest reported quarter, Q2 2026, shows 0.35.
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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