Thales annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Thales Debt-to-Equity Ratio Growth & History (HO)
Thales's debt-to-equity ratio was 0.77 for fiscal 2025.
View full Thales company overviewThales annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.77 | −0.27 | −26.11% |
| 2024 | 2024-12-31 | 1.04 | −0.19 | −15.69% |
| 2023 | 2023-12-31 | 1.23 | 0.47 | +61.90% |
| 2022 | 2022-12-31 | 0.76 | −0.15 | −16.61% |
| 2021 | 2021-12-31 | 0.91 | −0.56 | −38.10% |
| 2020 | 2020-12-31 | 1.48 | — | — |
Thales quarterly debt-to-equity ratio
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.70 | −0.33 | −32.04% |
| Q4 2025 | 2025-12-31 | 0.77 | −0.27 | −26.11% |
| Q2 2025 | 2025-06-30 | 1.02 | — | — |
| Q4 2024 | 2024-12-31 | 1.04 | — | — |
Thales debt-to-equity ratio trends
Over the last five fiscal years, Thales's debt-to-equity ratio decreased from 1.48 to 0.77, a change of −0.71. The latest reported quarter, Q2 2026, shows 0.70.
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 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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