Netcapital annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Netcapital Debt-to-Equity Ratio Growth & History (NCPL)
Netcapital's debt-to-equity ratio was 0.16 for fiscal 2025.
View full Netcapital company overviewNetcapital annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-04-30 | 0.16 | 0.10 | +154.54% |
| 2024 | 2024-04-30 | 0.06 | −0.00 | −4.70% |
| 2023 | 2023-04-30 | 0.07 | 0.05 | +233.07% |
| 2022 | 2022-04-30 | 0.02 | −0.15 | −88.23% |
| 2021 | 2021-04-30 | 0.17 | −1.39 | −89.19% |
| 2020 | 2020-04-30 | 1.56 | — | — |
Netcapital quarterly debt-to-equity ratio
Q2.20
Q3.20
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
Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-01-31 | 0.11 | 0.04 | +61.88% |
| Q2 2026 | 2025-10-31 | 0.11 | 0.05 | +74.50% |
| Q1 2026 | 2025-07-31 | 0.10 | 0.04 | +62.19% |
| Q4 2025 | 2025-04-30 | 0.16 | 0.10 | +154.54% |
| Q3 2025 | 2025-01-31 | 0.07 | 0.01 | +15.25% |
| Q2 2025 | 2024-10-31 | 0.06 | 0.00 | +4.60% |
| Q1 2025 | 2024-07-31 | 0.06 | 0.05 | +389.33% |
| Q4 2024 | 2024-04-30 | 0.06 | −0.00 | −4.70% |
| Q3 2024 | 2024-01-31 | 0.06 | 0.04 | +305.59% |
| Q2 2024 | 2023-10-31 | 0.06 | 0.04 | +277.40% |
| Q1 2024 | 2023-07-31 | 0.01 | −0.00 | −21.64% |
| Q4 2023 | 2023-04-30 | 0.07 | 0.05 | +233.07% |
| Q3 2023 | 2023-01-31 | 0.01 | −0.09 | −85.43% |
| Q2 2023 | 2022-10-31 | 0.02 | −0.07 | −81.10% |
| Q1 2023 | 2022-07-31 | 0.02 | −0.10 | −85.55% |
| Q4 2022 | 2022-04-30 | 0.02 | −0.15 | −88.23% |
| Q3 2022 | 2022-01-31 | 0.10 | −0.18 | −64.69% |
| Q2 2022 | 2021-10-31 | 0.09 | −4.44 | −98.11% |
| Q1 2022 | 2021-07-31 | 0.11 | −4.72 | −97.63% |
| Q4 2021 | 2021-04-30 | 0.17 | −1.39 | −89.19% |
| Q3 2021 | 2021-01-31 | 0.28 | −0.62 | −68.55% |
| Q2 2021 | 2020-10-31 | 4.53 | 2.79 | +159.74% |
| Q1 2021 | 2020-07-31 | 4.84 | — | — |
| Q4 2020 | 2020-04-30 | 1.56 | — | — |
| Q3 2020 | 2020-01-31 | 0.90 | — | — |
| Q2 2020 | 2019-10-31 | 1.74 | — | — |
Netcapital debt-to-equity ratio trends
Over the last five fiscal years, Netcapital's debt-to-equity ratio decreased from 1.56 to 0.16, a change of −1.40. The latest reported quarter, Q3 2026, shows 0.11.
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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