Pembina Pipeline annual debt-to-equity ratio
2018
2019
2020
2021
2022
2023
2024
2025
Pembina Pipeline Debt-to-Equity Ratio Growth & History (PBA)
Pembina Pipeline's debt-to-equity ratio was 0.73 for fiscal 2025.
View full Pembina Pipeline company overviewPembina Pipeline annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.73 | 0.01 | +0.82% |
| 2024 | 2024-12-31 | 0.73 | 0.06 | +8.96% |
| 2023 | 2023-12-31 | 0.67 | −0.01 | −1.77% |
| 2022 | 2022-12-31 | 0.68 | −0.12 | −14.57% |
| 2021 | 2021-12-31 | 0.79 | 0.02 | +2.03% |
| 2020 | 2020-12-31 | 0.78 | 0.13 | +19.35% |
| 2019 | 2019-12-31 | 0.65 | 0.13 | +24.22% |
| 2018 | 2018-12-31 | 0.53 | — | — |
Pembina Pipeline quarterly debt-to-equity ratio
As of Dec 31, 2016
As of Dec 31, 2017
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
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 | 0.81 | 0.02 | +3.08% |
| Q1 2026 | 2026-03-31 | 0.82 | — | — |
| Q4 2025 | 2025-12-31 | 0.73 | 0.01 | +0.82% |
| Q3 2025 | 2025-09-30 | 0.78 | — | — |
| Q2 2025 | 2025-06-30 | 0.78 | — | — |
| Q4 2024 | 2024-12-31 | 0.73 | 0.06 | +8.96% |
| Q4 2023 | 2023-12-31 | 0.67 | −0.01 | −1.77% |
| Q4 2022 | 2022-12-31 | 0.68 | −0.12 | −14.57% |
| Q4 2021 | 2021-12-31 | 0.79 | 0.02 | +2.03% |
| Q4 2020 | 2020-12-31 | 0.78 | 0.13 | +19.35% |
| Q4 2019 | 2019-12-31 | 0.65 | 0.13 | +24.22% |
| Q4 2018 | 2018-12-31 | 0.53 | −0.02 | −2.97% |
| As of Dec 31, 2017 | 2017-12-31 | 0.54 | 0.06 | +12.09% |
| As of Dec 31, 2016 | 2016-12-31 | 0.48 | — | — |
Pembina Pipeline debt-to-equity ratio trends
Over the last five fiscal years, Pembina Pipeline's debt-to-equity ratio decreased from 0.78 to 0.73, a change of −0.05. The latest reported quarter, Q2 2026, shows 0.81.
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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