Procter & Gamble annual debt-to-equity ratio
2009
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2024
2025
2026
Procter & Gamble Debt-to-Equity Ratio Growth & History (PG)
Procter & Gamble's debt-to-equity ratio was 0.64 for fiscal 2026.
View full Procter & Gamble company overviewProcter & Gamble annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-06-30 | 0.64 | −0.03 | −4.92% |
| 2025 | 2025-06-30 | 0.68 | 0.02 | +2.77% |
| 2024 | 2024-06-30 | 0.66 | −0.09 | −12.31% |
| 2023 | 2023-06-30 | 0.75 | 0.06 | +9.20% |
| 2022 | 2022-06-30 | 0.69 | −0.01 | −1.42% |
| 2021 | 2021-06-30 | 0.70 | −0.06 | −7.34% |
| 2020 | 2020-06-30 | 0.75 | 0.12 | +19.30% |
| 2019 | 2019-06-30 | 0.63 | 0.04 | +6.91% |
| 2018 | 2018-06-30 | 0.59 | 0.03 | +4.45% |
| 2017 | 2017-06-30 | 0.57 | 0.04 | +7.33% |
| 2016 | 2016-06-30 | 0.53 | 0.05 | +9.65% |
| 2015 | 2015-06-30 | 0.48 | −0.02 | −4.91% |
| 2014 | 2014-06-30 | 0.51 | 0.05 | +10.25% |
| 2013 | 2013-06-30 | 0.46 | −0.01 | −1.28% |
| 2012 | 2012-06-30 | 0.47 | −0.01 | −2.46% |
| 2011 | 2011-06-30 | 0.48 | −0.02 | −3.11% |
| 2010 | 2010-06-30 | 0.49 | −0.10 | −16.53% |
| 2009 | 2009-06-30 | 0.59 | — | — |
Procter & Gamble quarterly debt-to-equity ratio
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Q1.10
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Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-06-30 | 0.64 | −0.03 | −4.92% |
| Q3 2026 | 2026-03-31 | 0.68 | 0.03 | +4.12% |
| Q2 2026 | 2025-12-31 | 0.69 | 0.01 | +1.91% |
| Q1 2026 | 2025-09-30 | 0.67 | −0.02 | −3.19% |
| Q4 2025 | 2025-06-30 | 0.68 | 0.02 | +2.77% |
| Q3 2025 | 2025-03-31 | 0.65 | 0.01 | +2.26% |
| Q2 2025 | 2024-12-31 | 0.67 | −0.02 | −2.34% |
| Q1 2025 | 2024-09-30 | 0.69 | −0.05 | −7.21% |
| Q4 2024 | 2024-06-30 | 0.66 | −0.09 | −12.31% |
| Q3 2024 | 2024-03-31 | 0.64 | −0.17 | −21.13% |
| Q2 2024 | 2023-12-31 | 0.69 | −0.09 | −11.48% |
| Q1 2024 | 2023-09-30 | 0.75 | 0.00 | +0.38% |
| Q4 2023 | 2023-06-30 | 0.75 | 0.06 | +9.20% |
| Q3 2023 | 2023-03-31 | 0.81 | 0.07 | +9.46% |
| Q2 2023 | 2022-12-31 | 0.78 | −0.01 | −1.80% |
| Q1 2023 | 2022-09-30 | 0.74 | 0.04 | +6.14% |
| Q4 2022 | 2022-06-30 | 0.69 | −0.01 | −1.42% |
| Q3 2022 | 2022-03-31 | 0.74 | 0.10 | +15.78% |
| Q2 2022 | 2021-12-31 | 0.79 | 0.15 | +23.95% |
| Q1 2022 | 2021-09-30 | 0.70 | 0.05 | +7.62% |
| Q4 2021 | 2021-06-30 | 0.70 | −0.06 | −7.34% |
| Q3 2021 | 2021-03-31 | 0.64 | −0.17 | −20.86% |
| Q2 2021 | 2020-12-31 | 0.64 | 0.01 | +1.20% |
| Q1 2021 | 2020-09-30 | 0.65 | 0.00 | +0.70% |
| Q4 2020 | 2020-06-30 | 0.75 | 0.12 | +19.30% |
| Q3 2020 | 2020-03-31 | 0.80 | 0.26 | +47.41% |
| Q2 2020 | 2019-12-31 | 0.63 | 0.02 | +2.50% |
| Q1 2020 | 2019-09-30 | 0.65 | 0.05 | +8.60% |
| Q4 2019 | 2019-06-30 | 0.63 | 0.04 | +6.91% |
| Q3 2019 | 2019-03-31 | 0.54 | −0.10 | −15.18% |
| Q2 2019 | 2018-12-31 | 0.62 | −0.07 | −10.43% |
| Q1 2019 | 2018-09-30 | 0.60 | −0.02 | −3.48% |
| Q4 2018 | 2018-06-30 | 0.59 | 0.03 | +4.45% |
| Q3 2018 | 2018-03-31 | 0.64 | 0.08 | +15.22% |
| Q2 2018 | 2017-12-31 | 0.69 | 0.14 | +25.77% |
| Q1 2018 | 2017-09-30 | 0.62 | 0.09 | +16.94% |
| Q4 2017 | 2017-06-30 | 0.57 | 0.04 | +7.33% |
| Q3 2017 | 2017-03-31 | 0.56 | 0.01 | +1.70% |
| Q2 2017 | 2016-12-31 | 0.55 | 0.04 | +8.35% |
| Q1 2017 | 2016-09-30 | 0.53 | 0.04 | +9.03% |
| Q4 2016 | 2016-06-30 | 0.53 | 0.05 | +9.65% |
| Q3 2016 | 2016-03-31 | 0.55 | 0.04 | +7.12% |
| Q2 2016 | 2015-12-31 | 0.51 | −0.03 | −4.81% |
| Q1 2016 | 2015-09-30 | 0.48 | −0.01 | −2.61% |
| Q4 2015 | 2015-06-30 | 0.48 | −0.02 | −4.91% |
| Q3 2015 | 2015-03-31 | 0.51 | −0.01 | −1.42% |
| Q2 2015 | 2014-12-31 | 0.53 | 0.02 | +4.71% |
| Q1 2015 | 2014-09-30 | 0.50 | −0.01 | −1.61% |
| Q4 2014 | 2014-06-30 | 0.51 | 0.05 | +10.25% |
| Q3 2014 | 2014-03-31 | 0.52 | 0.05 | +9.49% |
| Q2 2014 | 2013-12-31 | 0.51 | 0.01 | +2.25% |
| Q1 2014 | 2013-09-30 | 0.51 | 0.01 | +2.97% |
| Q4 2013 | 2013-06-30 | 0.46 | −0.01 | −1.28% |
| Q3 2013 | 2013-03-31 | 0.47 | −0.03 | −5.61% |
| Q2 2013 | 2012-12-31 | 0.50 | −0.02 | −3.49% |
| Q1 2013 | 2012-09-30 | 0.49 | −0.02 | −4.83% |
| Q4 2012 | 2012-06-30 | 0.47 | −0.01 | −2.46% |
| Q3 2012 | 2012-03-31 | 0.50 | 0.04 | +7.82% |
| Q2 2012 | 2011-12-31 | 0.51 | 0.01 | +2.52% |
| Q1 2012 | 2011-09-30 | 0.52 | −0.01 | −1.16% |
| Q4 2011 | 2011-06-30 | 0.48 | −0.02 | −3.11% |
| Q3 2011 | 2011-03-31 | 0.47 | 0.02 | +3.79% |
| Q2 2011 | 2010-12-31 | 0.50 | 0.07 | +14.99% |
| Q1 2011 | 2010-09-30 | 0.52 | −0.01 | −1.20% |
| Q4 2010 | 2010-06-30 | 0.49 | −0.10 | −16.53% |
| Q3 2010 | 2010-03-31 | 0.45 | — | — |
| Q2 2010 | 2009-12-31 | 0.44 | — | — |
| Q1 2010 | 2009-09-30 | 0.53 | — | — |
| Q4 2009 | 2009-06-30 | 0.59 | — | — |
Procter & Gamble debt-to-equity ratio trends
Over the last five fiscal years, Procter & Gamble's debt-to-equity ratio decreased from 0.70 to 0.64, a change of −0.05. The latest reported quarter, Q4 2026, shows 0.64.
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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