International Consolidated Airlines Group, S.a annual debt-to-equity ratio
2021
2022
2023
2024
2025
International Consolidated Airlines Group, S.a Debt-to-Equity Ratio Growth & History (IAG)
International Consolidated Airlines Group, S.a's debt-to-equity ratio was 1.88 for fiscal 2025.
View full International Consolidated Airlines Group, S.a company overviewInternational Consolidated Airlines Group, S.a annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.88 | −0.93 | −33.12% |
| 2024 | 2024-12-31 | 2.81 | −2.10 | −42.80% |
| 2023 | 2023-12-31 | 4.92 | −5.00 | −50.42% |
| 2022 | 2022-12-31 | 9.91 | −13.43 | −57.54% |
| 2021 | 2021-12-31 | 23.35 | — | — |
International Consolidated Airlines Group, S.a 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 | 1.61 | −0.88 | −35.36% |
| Q4 2025 | 2025-12-31 | 1.88 | −0.93 | −33.12% |
| Q2 2025 | 2025-06-30 | 2.49 | — | — |
| Q4 2024 | 2024-12-31 | 2.81 | — | — |
International Consolidated Airlines Group, S.a debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, International Consolidated Airlines Group, S.a's debt-to-equity ratio decreased from 23.35 to 1.88, a change of −21.47. The latest reported quarter, Q2 2026, shows 1.61.
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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