Thales annual debt-to-assets ratio
2020
2021
2022
2023
2024
2025
Thales Debt-to-Assets Ratio Growth & History (HO)
Thales's debt-to-assets ratio was 0.16 for fiscal 2025.
View full Thales company overviewThales annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.16 | −0.04 | −19.98% |
| 2024 | 2024-12-31 | 0.20 | −0.02 | −10.03% |
| 2023 | 2023-12-31 | 0.22 | 0.06 | +36.79% |
| 2022 | 2022-12-31 | 0.16 | −0.02 | −11.86% |
| 2021 | 2021-12-31 | 0.18 | −0.06 | −24.53% |
| 2020 | 2020-12-31 | 0.24 | — | — |
Thales quarterly debt-to-assets ratio
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.14 | −0.05 | −25.90% |
| Q4 2025 | 2025-12-31 | 0.16 | −0.04 | −19.98% |
| Q2 2025 | 2025-06-30 | 0.19 | — | — |
| Q4 2024 | 2024-12-31 | 0.20 | — | — |
Thales debt-to-assets ratio trends
Over the last five fiscal years, Thales's debt-to-assets ratio decreased from 0.24 to 0.16, a change of −0.08. The latest reported quarter, Q2 2026, shows 0.14.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Thales source filings ↗Community posts
Thales sees sales near or above its target as defence orders expand
Thales ($HO) reported €19.12 billion of orders in the first nine months of 2026, up 14% as reported and 15% organically. Revenue increased 7.6% as reported and 8.1% organically to €16.42 billion. Defence sales grew 13% organically, substant ...
