Liquidia annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
Liquidia Debt-to-Equity Ratio Growth & History (LQDA)
Liquidia's debt-to-equity ratio was 4.42 for fiscal 2025.
View full Liquidia company overviewLiquidia annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 4.42 | 4.33 | +4913.57% |
| 2024 | 2024-12-31 | 0.09 | 0.01 | +19.11% |
| 2023 | 2023-12-31 | 0.07 | −0.20 | −72.62% |
| 2022 | 2022-12-31 | 0.27 | 0.02 | +9.81% |
| 2021 | 2021-12-31 | 0.25 | 0.01 | +2.16% |
| 2020 | 2020-12-31 | 0.24 | −0.46 | −65.48% |
| 2019 | 2019-12-31 | 0.70 | — | — |
Liquidia quarterly debt-to-equity ratio
Q4.19
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
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 | 0.03 | −0.41 | −92.19% |
| Q1 2026 | 2026-03-31 | 0.06 | −0.07 | −53.55% |
| Q4 2025 | 2025-12-31 | 4.42 | 4.33 | +4913.57% |
| Q3 2025 | 2025-09-30 | 0.30 | 0.28 | +1170.76% |
| Q2 2025 | 2025-06-30 | 0.45 | 0.41 | +1000.67% |
| Q1 2025 | 2025-03-31 | 0.14 | 0.10 | +314.73% |
| Q4 2024 | 2024-12-31 | 0.09 | 0.01 | +19.11% |
| Q3 2024 | 2024-09-30 | 0.02 | −0.05 | −69.62% |
| Q2 2024 | 2024-06-30 | 0.04 | −0.03 | −38.87% |
| Q1 2024 | 2024-03-31 | 0.03 | −0.02 | −36.33% |
| Q4 2023 | 2023-12-31 | 0.07 | −0.20 | −72.62% |
| Q3 2023 | 2023-09-30 | 0.08 | −0.18 | −69.68% |
| Q2 2023 | 2023-06-30 | 0.07 | −0.18 | −72.65% |
| Q1 2023 | 2023-03-31 | 0.05 | −0.40 | −88.37% |
| Q4 2022 | 2022-12-31 | 0.27 | 0.02 | +9.81% |
| Q3 2022 | 2022-09-30 | 0.26 | 0.04 | +16.13% |
| Q2 2022 | 2022-06-30 | 0.24 | 0.03 | +16.49% |
| Q1 2022 | 2022-03-31 | 0.45 | 0.19 | +70.19% |
| Q4 2021 | 2021-12-31 | 0.25 | 0.01 | +2.16% |
| Q3 2021 | 2021-09-30 | 0.22 | — | — |
| Q2 2021 | 2021-06-30 | 0.21 | — | — |
| Q1 2021 | 2021-03-31 | 0.26 | — | — |
| Q4 2020 | 2020-12-31 | 0.24 | −0.46 | −65.48% |
| Q4 2019 | 2019-12-31 | 0.70 | — | — |
Liquidia debt-to-equity ratio trends
Over the last five fiscal years, Liquidia's debt-to-equity ratio increased from 0.24 to 4.42, a change of 4.18. The latest reported quarter, Q2 2026, shows 0.03.
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.
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