Mdu Resources Group annual debt-to-equity ratio
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Mdu Resources Group Debt-to-Equity Ratio Growth & History (MDU)
Mdu Resources Group's debt-to-equity ratio was 0.98 for fiscal 2025.
View full Mdu Resources Group company overviewMdu Resources Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.98 | 0.12 | +13.68% |
| 2024 | 2024-12-31 | 0.86 | 0.06 | +6.95% |
| 2023 | 2023-12-31 | 0.80 | 0.10 | +14.25% |
| 2022 | 2022-12-31 | 0.70 | −0.14 | −16.96% |
| 2021 | 2021-12-31 | 0.85 | 0.07 | +9.46% |
| 2020 | 2020-12-31 | 0.77 | −0.05 | −6.54% |
| 2019 | 2019-12-31 | 0.83 | 0.01 | +0.83% |
| 2018 | 2018-12-31 | 0.82 | 0.12 | +16.37% |
| 2017 | 2017-12-31 | 0.71 | −0.07 | −8.66% |
| 2016 | 2016-12-31 | 0.77 | 0.00 | +0.57% |
| 2015 | 2015-12-31 | 0.77 | 0.19 | +31.95% |
| 2014 | 2014-12-31 | 0.58 | −0.07 | −11.30% |
| 2013 | 2013-12-31 | 0.66 | 0.04 | +6.09% |
| 2012 | 2012-12-31 | 0.62 | 0.11 | +20.58% |
| 2011 | 2011-12-31 | 0.51 | −0.05 | −9.47% |
| 2010 | 2010-12-31 | 0.57 | −0.02 | −2.60% |
| 2009 | 2009-12-31 | 0.58 | −0.02 | −3.97% |
| 2008 | 2008-12-31 | 0.61 | — | — |
Mdu Resources Group quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.88 | 0.08 | +10.24% |
| Q1 2026 | 2026-03-31 | 0.89 | 0.09 | +11.80% |
| Q4 2025 | 2025-12-31 | 0.98 | 0.12 | +13.68% |
| Q3 2025 | 2025-09-30 | 0.86 | 0.08 | +9.61% |
| Q2 2025 | 2025-06-30 | 0.80 | 0.02 | +2.48% |
| Q1 2025 | 2025-03-31 | 0.80 | 0.02 | +2.28% |
| Q4 2024 | 2024-12-31 | 0.86 | 0.06 | +6.95% |
| Q3 2024 | 2024-09-30 | 0.79 | −0.20 | −20.18% |
| Q2 2024 | 2024-06-30 | 0.78 | −0.21 | −20.93% |
| Q1 2024 | 2024-03-31 | 0.78 | 0.05 | +7.20% |
| Q4 2023 | 2023-12-31 | 0.80 | 0.10 | +14.25% |
| Q3 2023 | 2023-09-30 | 0.99 | 0.31 | +46.41% |
| Q2 2023 | 2023-06-30 | 0.99 | 0.35 | +54.49% |
| Q1 2023 | 2023-03-31 | 0.73 | −0.15 | −17.42% |
| Q4 2022 | 2022-12-31 | 0.70 | −0.14 | −16.96% |
| Q3 2022 | 2022-09-30 | 0.67 | −0.07 | −9.65% |
| Q2 2022 | 2022-06-30 | 0.64 | −0.14 | −18.36% |
| Q1 2022 | 2022-03-31 | 0.88 | 0.10 | +13.13% |
| Q4 2021 | 2021-12-31 | 0.85 | 0.07 | +9.46% |
| Q3 2021 | 2021-09-30 | 0.75 | −0.07 | −8.78% |
| Q2 2021 | 2021-06-30 | 0.78 | −0.07 | −8.43% |
| Q1 2021 | 2021-03-31 | 0.78 | −0.13 | −13.83% |
| Q4 2020 | 2020-12-31 | 0.77 | −0.05 | −6.54% |
| Q3 2020 | 2020-09-30 | 0.82 | −0.08 | −8.66% |
| Q2 2020 | 2020-06-30 | 0.85 | −0.12 | −12.29% |
| Q1 2020 | 2020-03-31 | 0.91 | −0.01 | −0.62% |
| Q4 2019 | 2019-12-31 | 0.83 | 0.01 | +0.83% |
| Q3 2019 | 2019-09-30 | 0.90 | 0.14 | +17.97% |
| Q2 2019 | 2019-06-30 | 0.97 | 0.22 | +28.72% |
| Q1 2019 | 2019-03-31 | 0.91 | 0.18 | +24.29% |
| Q4 2018 | 2018-12-31 | 0.82 | 0.12 | +16.37% |
| Q3 2018 | 2018-09-30 | 0.76 | 0.02 | +2.74% |
| Q2 2018 | 2018-06-30 | 0.76 | −0.01 | −1.17% |
| Q1 2018 | 2018-03-31 | 0.73 | −0.00 | −0.34% |
| Q4 2017 | 2017-12-31 | 0.71 | −0.07 | −8.66% |
| Q3 2017 | 2017-09-30 | 0.74 | −0.09 | −11.16% |
| Q2 2017 | 2017-06-30 | 0.76 | −0.12 | −13.88% |
| Q1 2017 | 2017-03-31 | 0.74 | −0.07 | −8.96% |
| Q4 2016 | 2016-12-31 | 0.77 | 0.00 | +0.57% |
| Q3 2016 | 2016-09-30 | 0.83 | 0.00 | +0.33% |
| Q2 2016 | 2016-06-30 | 0.89 | 0.14 | +18.07% |
| Q1 2016 | 2016-03-31 | 0.81 | 0.17 | +26.45% |
| Q4 2015 | 2015-12-31 | 0.77 | 0.19 | +31.95% |
| Q3 2015 | 2015-09-30 | 0.83 | 0.16 | +24.12% |
| Q2 2015 | 2015-06-30 | 0.75 | 0.04 | +5.26% |
| Q1 2015 | 2015-03-31 | 0.64 | −0.08 | −11.39% |
| Q4 2014 | 2014-12-31 | 0.58 | −0.07 | −11.30% |
| Q3 2014 | 2014-09-30 | 0.67 | −0.05 | −7.54% |
| Q2 2014 | 2014-06-30 | 0.71 | −0.02 | −2.79% |
| Q1 2014 | 2014-03-31 | 0.72 | 0.10 | +16.06% |
| Q4 2013 | 2013-12-31 | 0.66 | 0.04 | +6.09% |
| Q3 2013 | 2013-09-30 | 0.72 | 0.17 | +31.03% |
| Q2 2013 | 2013-06-30 | 0.74 | 0.24 | +49.87% |
| Q1 2013 | 2013-03-31 | 0.62 | 0.18 | +42.04% |
| Q4 2012 | 2012-12-31 | 0.62 | 0.11 | +20.58% |
| Q3 2012 | 2012-09-30 | 0.55 | 0.07 | +14.33% |
| Q2 2012 | 2012-06-30 | 0.49 | −0.01 | −2.39% |
| Q1 2012 | 2012-03-31 | 0.44 | −0.09 | −16.77% |
| Q4 2011 | 2011-12-31 | 0.51 | −0.05 | −9.47% |
| Q3 2011 | 2011-09-30 | 0.48 | −0.06 | −10.90% |
| Q2 2011 | 2011-06-30 | 0.50 | −0.07 | −12.69% |
| Q1 2011 | 2011-03-31 | 0.53 | −0.02 | −4.35% |
| Q4 2010 | 2010-12-31 | 0.57 | −0.02 | −2.60% |
| Q3 2010 | 2010-09-30 | 0.54 | −0.04 | −7.40% |
| Q2 2010 | 2010-06-30 | 0.58 | −0.10 | −15.24% |
| Q1 2010 | 2010-03-31 | 0.55 | — | — |
| Q4 2009 | 2009-12-31 | 0.58 | −0.02 | −3.97% |
| Q3 2009 | 2009-09-30 | 0.58 | — | — |
| Q2 2009 | 2009-06-30 | 0.68 | — | — |
| Q4 2008 | 2008-12-31 | 0.61 | — | — |
Mdu Resources Group debt-to-equity ratio trends
Over the last five fiscal years, Mdu Resources Group's debt-to-equity ratio increased from 0.77 to 0.98, a change of 0.20. The latest reported quarter, Q2 2026, shows 0.88.
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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