Orange annual debt-to-equity ratio
2018
2019
2020
2021
2022
2023
2024
2025
Orange Debt-to-Equity Ratio Growth & History (ORA)
Orange's debt-to-equity ratio was 0.25 for fiscal 2025.
View full Orange company overviewOrange annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.25 | −1.08 | −81.04% |
| 2024 | 2024-12-31 | 1.33 | −0.07 | −4.72% |
| 2023 | 2023-12-31 | 1.40 | −0.02 | −1.21% |
| 2022 | 2022-12-31 | 1.42 | 0.07 | +5.58% |
| 2021 | 2021-12-31 | 1.34 | 0.11 | +8.80% |
| 2020 | 2020-12-31 | 1.23 | −0.15 | −10.64% |
| 2019 | 2019-12-31 | 1.38 | 1.17 | +550.75% |
| 2018 | 2018-12-31 | 0.21 | — | — |
Orange quarterly debt-to-equity ratio
Q2.20
Q4.20
Q4.22
Q2.23
Q4.23
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.28 | 0.02 | +9.07% |
| Q4 2025 | 2025-12-31 | 0.25 | — | — |
| Q2 2025 | 2025-06-30 | 0.26 | — | — |
| Q4 2023 | 2023-12-31 | 1.40 | −0.02 | −1.21% |
| Q2 2023 | 2023-06-30 | 1.47 | — | — |
| Q4 2022 | 2022-12-31 | 1.42 | — | — |
| Q4 2020 | 2020-12-31 | 1.23 | — | — |
| Q2 2020 | 2020-06-30 | 0.20 | — | — |
Orange debt-to-equity ratio trends
Over the last five fiscal years, Orange's debt-to-equity ratio decreased from 1.23 to 0.25, a change of −0.98. The latest reported quarter, Q2 2026, shows 0.28.
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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