Hdfc Bank annual debt-to-equity ratio
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Hdfc Bank Debt-to-Equity Ratio Growth & History (HDB)
Hdfc Bank's debt-to-equity ratio was 0.95 for fiscal 2025.
View full Hdfc Bank company overviewHdfc Bank annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-03-31 | 0.95 | −0.21 | −18.08% |
| 2024 | 2024-03-31 | 1.16 | 0.05 | +4.65% |
| 2023 | 2023-03-31 | 1.11 | 0.24 | +27.52% |
| 2022 | 2022-03-31 | 0.87 | 0.19 | +27.00% |
| 2021 | 2021-03-31 | 0.69 | −0.09 | −11.45% |
| 2020 | 2020-03-31 | 0.78 | −0.26 | −25.39% |
| 2019 | 2019-03-31 | 1.04 | −0.42 | −28.65% |
| 2018 | 2018-03-31 | 1.46 | 0.43 | +42.06% |
| 2017 | 2017-03-31 | 1.03 | 0.73 | +251.90% |
| 2016 | 2016-03-31 | 0.29 | −0.60 | −67.44% |
| 2015 | 2015-03-31 | 0.90 | −0.13 | −12.72% |
| 2014 | 2014-03-31 | 1.03 | 0.09 | +9.08% |
| 2013 | 2013-03-31 | 0.94 | 0.20 | +27.74% |
| 2012 | 2012-03-31 | 0.74 | 0.25 | +50.16% |
| 2011 | 2011-03-31 | 0.49 | −0.08 | −13.86% |
| 2010 | 2010-03-31 | 0.57 | — | — |
Hdfc Bank quarterly debt-to-equity ratio
Q4.10
Q4.11
Q4.12
Q4.13
Q4.14
Q2.15
Q4.15
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-03-31 | 0.95 | −0.21 | −18.08% |
| Q4 2024 | 2024-03-31 | 1.16 | 0.05 | +4.65% |
| Q4 2023 | 2023-03-31 | 1.11 | 0.24 | +27.52% |
| Q4 2022 | 2022-03-31 | 0.87 | 0.19 | +27.00% |
| Q4 2021 | 2021-03-31 | 0.69 | −0.09 | −11.45% |
| Q4 2020 | 2020-03-31 | 0.78 | −0.26 | −25.39% |
| Q4 2019 | 2019-03-31 | 1.04 | −0.42 | −28.65% |
| Q4 2018 | 2018-03-31 | 1.46 | 0.43 | +42.06% |
| Q4 2017 | 2017-03-31 | 1.03 | 0.73 | +251.90% |
| Q4 2016 | 2016-03-31 | 0.29 | −0.60 | −67.44% |
| Q4 2015 | 2015-03-31 | 0.90 | −0.13 | −12.72% |
| Q2 2015 | 2014-09-30 | 0.89 | — | — |
| Q4 2014 | 2014-03-31 | 1.03 | 0.09 | +9.08% |
| Q4 2013 | 2013-03-31 | 0.94 | 0.20 | +27.74% |
| Q4 2012 | 2012-03-31 | 0.74 | 0.25 | +50.16% |
| Q4 2011 | 2011-03-31 | 0.49 | −0.08 | −13.86% |
| Q4 2010 | 2010-03-31 | 0.57 | — | — |
Hdfc Bank debt-to-equity ratio trends
Over the last five fiscal years, Hdfc Bank's debt-to-equity ratio increased from 0.78 to 0.95, a change of 0.18. The latest reported quarter, Q4 2025, shows 0.95.
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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