Imperial Brands annual debt-to-equity ratio
2021
2022
2023
2024
2025
Imperial Brands Debt-to-Equity Ratio Growth & History (IMB)
Imperial Brands's debt-to-equity ratio was 2.07 for fiscal 2025.
View full Imperial Brands company overviewImperial Brands annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | 2.07 | 0.40 | +24.15% |
| 2024 | 2024-09-30 | 1.67 | 0.05 | +3.28% |
| 2023 | 2023-09-30 | 1.62 | 0.12 | +8.10% |
| 2022 | 2022-09-30 | 1.49 | −0.39 | −20.57% |
| 2021 | 2021-09-30 | 1.88 | — | — |
Imperial Brands quarterly debt-to-equity ratio
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-03-31 | 2.78 | 0.59 | +26.91% |
| Q4 2025 | 2025-09-30 | 2.07 | — | — |
| Q2 2025 | 2025-03-31 | 2.19 | — | — |
Imperial Brands debt-to-equity ratio trends
Between the periods ended 2021-09-30 and 2025-09-30, Imperial Brands's debt-to-equity ratio increased from 1.88 to 2.07, a change of 0.19. The latest reported quarter, Q2 2026, shows 2.78.
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.
Review Imperial Brands source filings ↗