Hyster-Yale annual debt-to-equity ratio
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2025
Hyster-Yale Debt-to-Equity Ratio Growth & History (HY)
Hyster-Yale's debt-to-equity ratio was 1.36 for fiscal 2025.
View full Hyster-Yale company overviewHyster-Yale annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.36 | 0.22 | +19.31% |
| 2024 | 2024-12-31 | 1.14 | −0.33 | −22.25% |
| 2023 | 2023-12-31 | 1.47 | −1.53 | −51.11% |
| 2022 | 2022-12-31 | 3.00 | 1.34 | +81.18% |
| 2021 | 2021-12-31 | 1.66 | 1.06 | +180.24% |
| 2020 | 2020-12-31 | 0.59 | −0.08 | −12.44% |
| 2019 | 2019-12-31 | 0.67 | 0.10 | +18.04% |
| 2018 | 2018-12-31 | 0.57 | 0.06 | +11.21% |
| 2017 | 2017-12-31 | 0.51 | 0.06 | +12.89% |
| 2016 | 2016-12-31 | 0.46 | 0.34 | +295.17% |
| 2015 | 2015-12-31 | 0.12 | 0.05 | +66.27% |
| 2014 | 2014-12-31 | 0.07 | −0.09 | −55.14% |
| 2013 | 2013-12-31 | 0.15 | −0.26 | −62.91% |
| 2012 | 2012-12-31 | 0.42 | −0.35 | −45.38% |
| 2011 | 2011-12-31 | 0.76 | — | — |
Hyster-Yale quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.66 | 0.21 | +47.64% |
| Q1 2026 | 2026-03-31 | 0.58 | 0.11 | +22.73% |
| Q4 2025 | 2025-12-31 | 1.36 | 0.22 | +19.31% |
| Q3 2025 | 2025-09-30 | 0.47 | 0.00 | +0.78% |
| Q2 2025 | 2025-06-30 | 0.45 | −0.08 | −15.64% |
| Q1 2025 | 2025-03-31 | 0.48 | −0.11 | −18.22% |
| Q4 2024 | 2024-12-31 | 1.14 | −0.33 | −22.25% |
| Q3 2024 | 2024-09-30 | 0.47 | −0.33 | −41.56% |
| Q2 2024 | 2024-06-30 | 0.53 | −0.33 | −38.54% |
| Q1 2024 | 2024-03-31 | 0.58 | −0.44 | −43.15% |
| Q4 2023 | 2023-12-31 | 1.47 | −1.53 | −51.11% |
| Q3 2023 | 2023-09-30 | 0.80 | −1.59 | −66.59% |
| Q2 2023 | 2023-06-30 | 0.87 | −0.54 | −38.20% |
| Q1 2023 | 2023-03-31 | 1.02 | 0.23 | +28.29% |
| Q4 2022 | 2022-12-31 | 3.00 | 1.34 | +81.18% |
| Q3 2022 | 2022-09-30 | 2.39 | 1.84 | +336.19% |
| Q2 2022 | 2022-06-30 | 1.40 | 0.96 | +212.81% |
| Q1 2022 | 2022-03-31 | 0.80 | 0.45 | +131.76% |
| Q4 2021 | 2021-12-31 | 1.66 | 1.06 | +180.24% |
| Q3 2021 | 2021-09-30 | 0.55 | 0.17 | +43.91% |
| Q2 2021 | 2021-06-30 | 0.45 | 0.05 | +11.96% |
| Q1 2021 | 2021-03-31 | 0.34 | −0.05 | −12.49% |
| Q4 2020 | 2020-12-31 | 0.59 | −0.08 | −12.44% |
| Q3 2020 | 2020-09-30 | 0.38 | −0.17 | −31.12% |
| Q2 2020 | 2020-06-30 | 0.40 | −0.14 | −25.41% |
| Q1 2020 | 2020-03-31 | 0.39 | −0.16 | −29.39% |
| Q4 2019 | 2019-12-31 | 0.67 | 0.10 | +18.04% |
| Q3 2019 | 2019-09-30 | 0.55 | 0.18 | +46.89% |
| Q2 2019 | 2019-06-30 | 0.54 | 0.18 | +49.55% |
| Q1 2019 | 2019-03-31 | 0.56 | 0.21 | +60.34% |
| Q4 2018 | 2018-12-31 | 0.57 | 0.06 | +11.21% |
| Q3 2018 | 2018-09-30 | 0.38 | −0.03 | −7.57% |
| Q2 2018 | 2018-06-30 | 0.36 | −0.08 | −18.36% |
| Q1 2018 | 2018-03-31 | 0.35 | 0.20 | +130.49% |
| Q4 2017 | 2017-12-31 | 0.51 | 0.06 | +12.89% |
| Q3 2017 | 2017-09-30 | 0.41 | 0.24 | +145.08% |
| Q2 2017 | 2017-06-30 | 0.44 | 0.27 | +151.13% |
| Q1 2017 | 2017-03-31 | 0.15 | 0.10 | +199.00% |
| Q4 2016 | 2016-12-31 | 0.46 | 0.34 | +295.17% |
| Q3 2016 | 2016-09-30 | 0.17 | 0.13 | +308.01% |
| Q2 2016 | 2016-06-30 | 0.18 | 0.13 | +321.11% |
| Q1 2016 | 2016-03-31 | 0.05 | 0.02 | +98.00% |
| Q4 2015 | 2015-12-31 | 0.12 | 0.05 | +66.27% |
| Q3 2015 | 2015-09-30 | 0.04 | 0.02 | +118.12% |
| Q2 2015 | 2015-06-30 | 0.04 | 0.02 | +113.52% |
| Q1 2015 | 2015-03-31 | 0.03 | 0.01 | +90.12% |
| Q4 2014 | 2014-12-31 | 0.07 | −0.09 | −55.14% |
| Q3 2014 | 2014-09-30 | 0.02 | 0.00 | +7.70% |
| Q2 2014 | 2014-06-30 | 0.02 | −0.33 | −94.46% |
| Q1 2014 | 2014-03-31 | 0.01 | −0.37 | −96.53% |
| Q4 2013 | 2013-12-31 | 0.15 | −0.26 | −62.91% |
| Q3 2013 | 2013-09-30 | 0.02 | −0.38 | −95.63% |
| Q2 2013 | 2013-06-30 | 0.35 | — | — |
| Q1 2013 | 2013-03-31 | 0.39 | — | — |
| Q4 2012 | 2012-12-31 | 0.42 | −0.35 | −45.38% |
| Q3 2012 | 2012-09-30 | 0.40 | — | — |
| Q4 2011 | 2011-12-31 | 0.76 | — | — |
Hyster-Yale debt-to-equity ratio trends
Over the last five fiscal years, Hyster-Yale's debt-to-equity ratio increased from 0.59 to 1.36, a change of 0.77. The latest reported quarter, Q2 2026, shows 0.66.
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 Hyster-Yale source filings ↗