Hexcel annual debt-to-equity ratio
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Hexcel Debt-to-Equity Ratio Growth & History (HXL)
Hexcel's debt-to-equity ratio was 0.81 for fiscal 2025.
View full Hexcel company overviewHexcel annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.81 | 0.34 | +71.39% |
| 2024 | 2024-12-31 | 0.48 | 0.05 | +11.93% |
| 2023 | 2023-12-31 | 0.42 | −0.07 | −14.64% |
| 2022 | 2022-12-31 | 0.50 | −0.09 | −15.45% |
| 2021 | 2021-12-31 | 0.59 | −0.06 | −9.78% |
| 2020 | 2020-12-31 | 0.65 | −0.13 | −16.29% |
| 2019 | 2019-12-31 | 0.78 | 0.06 | +7.64% |
| 2018 | 2018-12-31 | 0.72 | 0.18 | +33.61% |
| 2017 | 2017-12-31 | 0.54 | −0.01 | −2.15% |
| 2016 | 2016-12-31 | 0.55 | 0.06 | +13.28% |
| 2015 | 2015-12-31 | 0.49 | 0.13 | +35.00% |
| 2014 | 2014-12-31 | 0.36 | 0.11 | +42.41% |
| 2013 | 2013-12-31 | 0.25 | −0.00 | −1.51% |
| 2012 | 2012-12-31 | 0.26 | −0.05 | −17.47% |
| 2011 | 2011-12-31 | 0.31 | −0.19 | −37.92% |
| 2010 | 2010-12-31 | 0.50 | −0.12 | −19.18% |
| 2009 | 2009-12-31 | 0.62 | — | — |
Hexcel quarterly debt-to-equity ratio
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Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
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Q1.13
Q2.13
Q3.13
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Q2.14
Q3.14
Q4.14
Q1.15
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Q3.15
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Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
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Q2.19
Q3.19
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Q3.20
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Q1.21
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Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
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 | 0.74 | 0.21 | +38.74% |
| Q1 2026 | 2026-03-31 | 0.79 | 0.27 | +53.47% |
| Q4 2025 | 2025-12-31 | 0.81 | 0.34 | +71.39% |
| Q3 2025 | 2025-09-30 | 0.48 | −0.02 | −4.50% |
| Q2 2025 | 2025-06-30 | 0.53 | 0.03 | +5.27% |
| Q1 2025 | 2025-03-31 | 0.51 | 0.08 | +17.29% |
| Q4 2024 | 2024-12-31 | 0.48 | 0.05 | +11.93% |
| Q3 2024 | 2024-09-30 | 0.51 | 0.05 | +10.58% |
| Q2 2024 | 2024-06-30 | 0.51 | 0.04 | +8.20% |
| Q1 2024 | 2024-03-31 | 0.44 | −0.04 | −7.59% |
| Q4 2023 | 2023-12-31 | 0.42 | −0.07 | −14.64% |
| Q3 2023 | 2023-09-30 | 0.46 | −0.09 | −16.97% |
| Q2 2023 | 2023-06-30 | 0.47 | −0.08 | −14.80% |
| Q1 2023 | 2023-03-31 | 0.47 | −0.10 | −17.89% |
| Q4 2022 | 2022-12-31 | 0.50 | −0.09 | −15.45% |
| Q3 2022 | 2022-09-30 | 0.55 | −0.04 | −6.02% |
| Q2 2022 | 2022-06-30 | 0.55 | −0.05 | −8.90% |
| Q1 2022 | 2022-03-31 | 0.58 | −0.04 | −5.94% |
| Q4 2021 | 2021-12-31 | 0.59 | −0.06 | −9.78% |
| Q3 2021 | 2021-09-30 | 0.59 | −0.08 | −11.90% |
| Q2 2021 | 2021-06-30 | 0.60 | −0.28 | −31.58% |
| Q1 2021 | 2021-03-31 | 0.61 | −0.36 | −37.28% |
| Q4 2020 | 2020-12-31 | 0.65 | −0.13 | −16.29% |
| Q3 2020 | 2020-09-30 | 0.67 | −0.17 | −20.74% |
| Q2 2020 | 2020-06-30 | 0.88 | 0.05 | +6.39% |
| Q1 2020 | 2020-03-31 | 0.98 | 0.08 | +8.95% |
| Q4 2019 | 2019-12-31 | 0.78 | 0.06 | +7.64% |
| Q3 2019 | 2019-09-30 | 0.84 | 0.12 | +16.12% |
| Q2 2019 | 2019-06-30 | 0.83 | 0.16 | +23.33% |
| Q1 2019 | 2019-03-31 | 0.90 | 0.36 | +67.01% |
| Q4 2018 | 2018-12-31 | 0.72 | 0.18 | +33.61% |
| Q3 2018 | 2018-09-30 | 0.72 | 0.14 | +23.89% |
| Q2 2018 | 2018-06-30 | 0.67 | 0.05 | +8.63% |
| Q1 2018 | 2018-03-31 | 0.54 | −0.13 | −19.34% |
| Q4 2017 | 2017-12-31 | 0.54 | −0.01 | −2.15% |
| Q3 2017 | 2017-09-30 | 0.58 | 0.05 | +8.93% |
| Q2 2017 | 2017-06-30 | 0.62 | 0.04 | +6.80% |
| Q1 2017 | 2017-03-31 | 0.67 | 0.10 | +17.57% |
| Q4 2016 | 2016-12-31 | 0.55 | 0.06 | +13.28% |
| Q3 2016 | 2016-09-30 | 0.54 | 0.04 | +7.53% |
| Q2 2016 | 2016-06-30 | 0.58 | 0.17 | +41.98% |
| Q1 2016 | 2016-03-31 | 0.57 | 0.15 | +37.59% |
| Q4 2015 | 2015-12-31 | 0.49 | 0.13 | +35.00% |
| Q3 2015 | 2015-09-30 | 0.50 | 0.11 | +29.95% |
| Q2 2015 | 2015-06-30 | 0.41 | 0.06 | +18.40% |
| Q1 2015 | 2015-03-31 | 0.41 | 0.11 | +35.29% |
| Q4 2014 | 2014-12-31 | 0.36 | 0.11 | +42.41% |
| Q3 2014 | 2014-09-30 | 0.38 | 0.15 | +61.15% |
| Q2 2014 | 2014-06-30 | 0.34 | 0.04 | +14.09% |
| Q1 2014 | 2014-03-31 | 0.30 | 0.03 | +12.35% |
| Q4 2013 | 2013-12-31 | 0.25 | −0.00 | −1.51% |
| Q3 2013 | 2013-09-30 | 0.24 | −0.07 | −23.72% |
| Q2 2013 | 2013-06-30 | 0.30 | −0.03 | −10.05% |
| Q1 2013 | 2013-03-31 | 0.27 | −0.09 | −24.25% |
| Q4 2012 | 2012-12-31 | 0.26 | −0.05 | −17.47% |
| Q3 2012 | 2012-09-30 | 0.31 | −0.00 | −0.91% |
| Q2 2012 | 2012-06-30 | 0.34 | 0.01 | +3.56% |
| Q1 2012 | 2012-03-31 | 0.36 | −0.02 | −4.13% |
| Q4 2011 | 2011-12-31 | 0.31 | −0.19 | −37.92% |
| Q3 2011 | 2011-09-30 | 0.32 | −0.19 | −37.64% |
| Q2 2011 | 2011-06-30 | 0.32 | −0.29 | −47.13% |
| Q1 2011 | 2011-03-31 | 0.37 | — | — |
| Q4 2010 | 2010-12-31 | 0.50 | −0.12 | −19.18% |
| Q3 2010 | 2010-09-30 | 0.51 | — | — |
| Q2 2010 | 2010-06-30 | 0.61 | — | — |
| Q4 2009 | 2009-12-31 | 0.62 | — | — |
Hexcel debt-to-equity ratio trends
Over the last five fiscal years, Hexcel's debt-to-equity ratio increased from 0.65 to 0.81, a change of 0.16. The latest reported quarter, Q2 2026, shows 0.74.
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 Hexcel source filings ↗