GFL Environmental annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
GFL Environmental Debt-to-Equity Ratio Growth & History (GFL)
GFL Environmental's debt-to-equity ratio was 1.09 for fiscal 2025.
View full GFL Environmental company overviewGFL Environmental annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.09 | −0.42 | −28.12% |
| 2024 | 2024-12-31 | 1.51 | 0.22 | +16.88% |
| 2023 | 2023-12-31 | 1.29 | −0.30 | −19.07% |
| 2022 | 2022-12-31 | 1.60 | 0.16 | +11.05% |
| 2021 | 2021-12-31 | 1.44 | 0.30 | +26.09% |
| 2020 | 2020-12-31 | 1.14 | −1.68 | −59.60% |
| 2019 | 2019-12-31 | 2.82 | — | — |
GFL Environmental quarterly debt-to-equity ratio
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
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 | 1.38 | 0.44 | +46.47% |
| Q1 2026 | 2026-03-31 | 1.35 | — | — |
| Q4 2025 | 2025-12-31 | 1.09 | −0.42 | −28.12% |
| Q3 2025 | 2025-09-30 | 1.03 | — | — |
| Q2 2025 | 2025-06-30 | 0.94 | — | — |
| Q4 2024 | 2024-12-31 | 1.51 | 0.22 | +16.88% |
| Q4 2023 | 2023-12-31 | 1.29 | −0.30 | −19.07% |
| Q4 2022 | 2022-12-31 | 1.60 | 0.16 | +11.05% |
| Q4 2021 | 2021-12-31 | 1.44 | 0.30 | +26.09% |
| Q4 2020 | 2020-12-31 | 1.14 | — | — |
GFL Environmental debt-to-equity ratio trends
Over the last five fiscal years, GFL Environmental's debt-to-equity ratio decreased from 1.14 to 1.09, a change of −0.05. The latest reported quarter, Q2 2026, shows 1.38.
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.
Review GFL Environmental source filings ↗