Penske Automotive Group annual debt-to-equity ratio
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2025
Penske Automotive Group Debt-to-Equity Ratio Growth & History (PAG)
Penske Automotive Group's debt-to-equity ratio was 0.85 for fiscal 2025.
View full Penske Automotive Group company overviewPenske Automotive Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.85 | 0.05 | +5.84% |
| 2024 | 2024-12-31 | 0.80 | −0.05 | −6.34% |
| 2023 | 2023-12-31 | 0.86 | −0.12 | −12.23% |
| 2022 | 2022-12-31 | 0.98 | 0.01 | +0.74% |
| 2021 | 2021-12-31 | 0.97 | −0.28 | −22.52% |
| 2020 | 2020-12-31 | 1.25 | −0.45 | −26.43% |
| 2019 | 2019-12-31 | 1.70 | 0.85 | +100.25% |
| 2018 | 2018-12-31 | 0.85 | −0.05 | −5.93% |
| 2017 | 2017-12-31 | 0.90 | −0.17 | −15.76% |
| 2016 | 2016-12-31 | 1.07 | 0.36 | +50.53% |
| 2015 | 2015-12-31 | 0.71 | −0.11 | −13.01% |
| 2014 | 2014-12-31 | 0.82 | 0.16 | +23.63% |
| 2013 | 2013-12-31 | 0.66 | −0.06 | −7.78% |
| 2012 | 2012-12-31 | 0.72 | −0.02 | −3.27% |
| 2011 | 2011-12-31 | 0.74 | −0.01 | −0.85% |
| 2010 | 2010-12-31 | 0.75 | −0.26 | −25.44% |
| 2009 | 2009-12-31 | 1.00 | — | — |
Penske Automotive 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 | 0.86 | 0.10 | +12.72% |
| Q1 2026 | 2026-03-31 | 0.92 | 0.13 | +16.68% |
| Q4 2025 | 2025-12-31 | 0.85 | 0.05 | +5.84% |
| Q3 2025 | 2025-09-30 | 0.71 | −0.13 | −15.88% |
| Q2 2025 | 2025-06-30 | 0.76 | −0.09 | −11.00% |
| Q1 2025 | 2025-03-31 | 0.78 | −0.08 | −9.43% |
| Q4 2024 | 2024-12-31 | 0.80 | −0.05 | −6.34% |
| Q3 2024 | 2024-09-30 | 0.85 | −0.06 | −6.64% |
| Q2 2024 | 2024-06-30 | 0.86 | −0.09 | −9.32% |
| Q1 2024 | 2024-03-31 | 0.87 | −0.08 | −8.51% |
| Q4 2023 | 2023-12-31 | 0.86 | −0.12 | −12.23% |
| Q3 2023 | 2023-09-30 | 0.91 | −0.09 | −8.88% |
| Q2 2023 | 2023-06-30 | 0.95 | 0.01 | +0.75% |
| Q1 2023 | 2023-03-31 | 0.95 | −0.01 | −1.24% |
| Q4 2022 | 2022-12-31 | 0.98 | 0.01 | +0.74% |
| Q3 2022 | 2022-09-30 | 0.99 | −0.01 | −0.99% |
| Q2 2022 | 2022-06-30 | 0.94 | −0.13 | −11.97% |
| Q1 2022 | 2022-03-31 | 0.96 | −0.20 | −17.55% |
| Q4 2021 | 2021-12-31 | 0.97 | −0.28 | −22.52% |
| Q3 2021 | 2021-09-30 | 1.00 | −0.53 | −34.65% |
| Q2 2021 | 2021-06-30 | 1.07 | −0.56 | −34.23% |
| Q1 2021 | 2021-03-31 | 1.16 | −0.67 | −36.72% |
| Q4 2020 | 2020-12-31 | 1.25 | −0.45 | −26.43% |
| Q3 2020 | 2020-09-30 | 1.54 | −0.28 | −15.53% |
| Q2 2020 | 2020-06-30 | 1.62 | −0.14 | −7.76% |
| Q1 2020 | 2020-03-31 | 1.84 | 0.07 | +3.71% |
| Q4 2019 | 2019-12-31 | 1.70 | 0.85 | +100.25% |
| Q3 2019 | 2019-09-30 | 1.82 | 1.01 | +125.38% |
| Q2 2019 | 2019-06-30 | 1.76 | 0.90 | +104.08% |
| Q1 2019 | 2019-03-31 | 1.77 | 0.87 | +96.67% |
| Q4 2018 | 2018-12-31 | 0.85 | −0.05 | −5.93% |
| Q3 2018 | 2018-09-30 | 0.81 | −0.27 | −24.99% |
| Q2 2018 | 2018-06-30 | 0.86 | −0.16 | −15.60% |
| Q1 2018 | 2018-03-31 | 0.90 | −0.19 | −17.41% |
| Q4 2017 | 2017-12-31 | 0.90 | −0.17 | −15.76% |
| Q3 2017 | 2017-09-30 | 1.08 | 0.01 | +0.47% |
| Q2 2017 | 2017-06-30 | 1.02 | 0.04 | +4.25% |
| Q1 2017 | 2017-03-31 | 1.09 | 0.27 | +32.49% |
| Q4 2016 | 2016-12-31 | 1.07 | 0.36 | +50.53% |
| Q3 2016 | 2016-09-30 | 1.07 | 0.40 | +60.64% |
| Q2 2016 | 2016-06-30 | 0.98 | 0.32 | +47.59% |
| Q1 2016 | 2016-03-31 | 0.82 | 0.09 | +11.95% |
| Q4 2015 | 2015-12-31 | 0.71 | −0.11 | −13.01% |
| Q3 2015 | 2015-09-30 | 0.67 | −0.09 | −11.42% |
| Q2 2015 | 2015-06-30 | 0.66 | −0.00 | −0.69% |
| Q1 2015 | 2015-03-31 | 0.74 | 0.05 | +7.06% |
| Q4 2014 | 2014-12-31 | 0.82 | 0.16 | +23.63% |
| Q3 2014 | 2014-09-30 | 0.75 | 0.02 | +2.50% |
| Q2 2014 | 2014-06-30 | 0.67 | −0.01 | −1.82% |
| Q1 2014 | 2014-03-31 | 0.69 | 0.00 | +0.23% |
| Q4 2013 | 2013-12-31 | 0.66 | −0.06 | −7.78% |
| Q3 2013 | 2013-09-30 | 0.73 | 0.07 | +11.13% |
| Q2 2013 | 2013-06-30 | 0.68 | 0.01 | +1.84% |
| Q1 2013 | 2013-03-31 | 0.69 | −0.05 | −6.34% |
| Q4 2012 | 2012-12-31 | 0.72 | −0.02 | −3.27% |
| Q3 2012 | 2012-09-30 | 0.66 | −0.11 | −13.96% |
| Q2 2012 | 2012-06-30 | 0.67 | 0.03 | +4.07% |
| Q1 2012 | 2012-03-31 | 0.73 | 0.01 | +0.69% |
| Q4 2011 | 2011-12-31 | 0.74 | −0.01 | −0.85% |
| Q3 2011 | 2011-09-30 | 0.77 | −0.07 | −8.26% |
| Q2 2011 | 2011-06-30 | 0.64 | −0.26 | −28.53% |
| Q1 2011 | 2011-03-31 | 0.73 | — | — |
| Q4 2010 | 2010-12-31 | 0.75 | −0.26 | −25.44% |
| Q3 2010 | 2010-09-30 | 0.84 | — | — |
| Q2 2010 | 2010-06-30 | 0.90 | — | — |
| Q4 2009 | 2009-12-31 | 1.00 | — | — |
Penske Automotive Group debt-to-equity ratio trends
Over the last five fiscal years, Penske Automotive Group's debt-to-equity ratio decreased from 1.25 to 0.85, a change of −0.40. The latest reported quarter, Q2 2026, shows 0.86.
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.
Review Penske Automotive Group source filings ↗