Grandstand Debt-to-Equity Ratio Growth & History (GRSD)
Grandstand's debt-to-equity ratio was 1.14 for fiscal 2025.
View full Grandstand company overviewGrandstand annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.14 | 0.92 | +403.66% |
| 2024 | 2024-12-31 | 0.23 | 0.21 | +1466.75% |
| 2023 | 2023-12-31 | 0.01 | −0.01 | −39.09% |
| 2022 | 2022-12-31 | 0.02 | −0.07 | −75.07% |
| 2021 | 2021-12-31 | 0.10 | −0.14 | −58.87% |
| 2020 | 2020-12-31 | 0.23 | 0.08 | +49.73% |
| 2019 | 2019-12-31 | 0.15 | — | — |
Grandstand quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.21 | 0.52 | +76.62% |
| Q1 2026 | 2026-03-31 | 1.13 | 0.49 | +78.12% |
| Q4 2025 | 2025-12-31 | 1.14 | 0.92 | +403.66% |
| Q3 2025 | 2025-09-30 | 0.66 | — | — |
| Q2 2025 | 2025-06-30 | 0.68 | 0.50 | +269.88% |
| Q1 2025 | 2025-03-31 | 0.63 | — | — |
| Q4 2024 | 2024-12-31 | 0.23 | 0.21 | +1466.75% |
| Q2 2024 | 2024-06-30 | 0.18 | 0.17 | +935.43% |
| Q4 2023 | 2023-12-31 | 0.01 | −0.01 | −39.09% |
| Q2 2023 | 2023-06-30 | 0.02 | −0.08 | −81.56% |
| Q4 2022 | 2022-12-31 | 0.02 | −0.07 | −75.07% |
| Q2 2022 | 2022-06-30 | 0.10 | — | — |
| Q1 2022 | 2022-03-31 | 0.09 | — | — |
| Q4 2021 | 2021-12-31 | 0.10 | — | — |
Grandstand debt-to-equity ratio trends
Over the last five fiscal years, Grandstand's debt-to-equity ratio increased from 0.23 to 1.14, a change of 0.91. The latest reported quarter, Q2 2026, shows 1.21.
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.
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 Grandstand source filings ↗