Ppl annual debt-to-equity ratio
2008
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2015
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2023
2024
2025
Ppl Debt-to-Equity Ratio Growth & History (PPL)
Ppl's debt-to-equity ratio was 1.30 for fiscal 2025.
View full Ppl company overviewPpl annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.30 | 0.11 | +8.92% |
| 2024 | 2024-12-31 | 1.19 | 0.07 | +5.98% |
| 2023 | 2023-12-31 | 1.13 | 0.10 | +9.67% |
| 2022 | 2022-12-31 | 1.03 | 0.21 | +24.98% |
| 2021 | 2021-12-31 | 0.82 | −0.36 | −30.69% |
| 2020 | 2020-12-31 | 1.19 | −0.59 | −33.15% |
| 2019 | 2019-12-31 | 1.77 | −0.12 | −6.13% |
| 2018 | 2018-12-31 | 1.89 | −0.09 | −4.41% |
| 2017 | 2017-12-31 | 1.98 | 0.03 | +1.67% |
| 2016 | 2016-12-31 | 1.94 | −0.07 | −3.39% |
| 2015 | 2015-12-31 | 2.01 | 0.63 | +45.20% |
| 2014 | 2014-12-31 | 1.39 | −0.35 | −20.03% |
| 2013 | 2013-12-31 | 1.73 | −0.18 | −9.59% |
| 2012 | 2012-12-31 | 1.92 | 0.20 | +11.79% |
| 2011 | 2011-12-31 | 1.72 | 0.09 | +5.42% |
| 2010 | 2010-12-31 | 1.63 | 0.21 | +14.90% |
| 2009 | 2009-12-31 | 1.42 | −0.26 | −15.60% |
| 2008 | 2008-12-31 | 1.68 | — | — |
Ppl quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.35 | 0.11 | +8.43% |
| Q1 2026 | 2026-03-31 | 1.35 | 0.14 | +11.46% |
| Q4 2025 | 2025-12-31 | 1.30 | 0.11 | +8.92% |
| Q3 2025 | 2025-09-30 | 1.32 | 0.15 | +12.50% |
| Q2 2025 | 2025-06-30 | 1.25 | 0.10 | +8.52% |
| Q1 2025 | 2025-03-31 | 1.21 | 0.07 | +5.93% |
| Q4 2024 | 2024-12-31 | 1.19 | 0.07 | +5.98% |
| Q3 2024 | 2024-09-30 | 1.17 | 0.11 | +10.39% |
| Q2 2024 | 2024-06-30 | 1.15 | 0.09 | +8.16% |
| Q1 2024 | 2024-03-31 | 1.14 | 0.10 | +9.81% |
| Q4 2023 | 2023-12-31 | 1.13 | 0.10 | +9.67% |
| Q3 2023 | 2023-09-30 | 1.06 | 0.07 | +7.07% |
| Q2 2023 | 2023-06-30 | 1.06 | 0.08 | +7.91% |
| Q1 2023 | 2023-03-31 | 1.04 | 0.16 | +18.83% |
| Q4 2022 | 2022-12-31 | 1.03 | 0.21 | +24.98% |
| Q3 2022 | 2022-09-30 | 0.99 | 0.23 | +29.63% |
| Q2 2022 | 2022-06-30 | 0.98 | 0.09 | +10.61% |
| Q1 2022 | 2022-03-31 | 0.87 | −0.53 | −37.77% |
| Q4 2021 | 2021-12-31 | 0.82 | −0.36 | −30.69% |
| Q3 2021 | 2021-09-30 | 0.76 | −1.00 | −56.67% |
| Q2 2021 | 2021-06-30 | 0.89 | −0.95 | −51.64% |
| Q1 2021 | 2021-03-31 | 1.41 | −0.37 | −20.93% |
| Q4 2020 | 2020-12-31 | 1.19 | −0.59 | −33.15% |
| Q3 2020 | 2020-09-30 | 1.76 | −0.17 | −8.89% |
| Q2 2020 | 2020-06-30 | 1.84 | −0.07 | −3.44% |
| Q1 2020 | 2020-03-31 | 1.78 | −0.10 | −5.23% |
| Q4 2019 | 2019-12-31 | 1.77 | −0.12 | −6.13% |
| Q3 2019 | 2019-09-30 | 1.94 | 0.09 | +4.61% |
| Q2 2019 | 2019-06-30 | 1.90 | −0.08 | −3.95% |
| Q1 2019 | 2019-03-31 | 1.88 | −0.09 | −4.38% |
| Q4 2018 | 2018-12-31 | 1.89 | −0.09 | −4.41% |
| Q3 2018 | 2018-09-30 | 1.85 | −0.09 | −4.74% |
| Q2 2018 | 2018-06-30 | 1.98 | 0.02 | +1.13% |
| Q1 2018 | 2018-03-31 | 1.96 | −0.02 | −1.06% |
| Q4 2017 | 2017-12-31 | 1.98 | 0.03 | +1.67% |
| Q3 2017 | 2017-09-30 | 1.94 | 0.02 | +1.19% |
| Q2 2017 | 2017-06-30 | 1.96 | 0.02 | +1.09% |
| Q1 2017 | 2017-03-31 | 1.98 | −0.05 | −2.38% |
| Q4 2016 | 2016-12-31 | 1.94 | −0.07 | −3.39% |
| Q3 2016 | 2016-09-30 | 1.92 | −0.01 | −0.71% |
| Q2 2016 | 2016-06-30 | 1.94 | 0.01 | +0.40% |
| Q1 2016 | 2016-03-31 | 2.03 | 0.47 | +30.14% |
| Q4 2015 | 2015-12-31 | 2.01 | 0.63 | +45.20% |
| Q3 2015 | 2015-09-30 | 1.93 | 0.37 | +23.61% |
| Q2 2015 | 2015-06-30 | 1.93 | 0.33 | +20.98% |
| Q1 2015 | 2015-03-31 | 1.56 | −0.20 | −11.40% |
| Q4 2014 | 2014-12-31 | 1.39 | −0.35 | −20.03% |
| Q3 2014 | 2014-09-30 | 1.56 | −0.08 | −5.09% |
| Q2 2014 | 2014-06-30 | 1.60 | −0.31 | −16.18% |
| Q1 2014 | 2014-03-31 | 1.76 | −0.21 | −10.43% |
| Q4 2013 | 2013-12-31 | 1.73 | −0.18 | −9.59% |
| Q3 2013 | 2013-09-30 | 1.65 | −0.10 | −5.47% |
| Q2 2013 | 2013-06-30 | 1.90 | 0.12 | +6.54% |
| Q1 2013 | 2013-03-31 | 1.97 | 0.30 | +18.15% |
| Q4 2012 | 2012-12-31 | 1.92 | 0.20 | +11.79% |
| Q3 2012 | 2012-09-30 | 1.74 | 0.03 | +1.65% |
| Q2 2012 | 2012-06-30 | 1.79 | 0.05 | +3.13% |
| Q1 2012 | 2012-03-31 | 1.66 | 0.07 | +4.15% |
| Q4 2011 | 2011-12-31 | 1.72 | 0.09 | +5.42% |
| Q3 2011 | 2011-09-30 | 1.72 | 0.63 | +58.27% |
| Q2 2011 | 2011-06-30 | 1.73 | 0.58 | +49.94% |
| Q1 2011 | 2011-03-31 | 1.60 | 0.20 | +14.24% |
| Q4 2010 | 2010-12-31 | 1.63 | 0.21 | +14.90% |
| Q3 2010 | 2010-09-30 | 1.08 | −0.32 | −22.65% |
| Q2 2010 | 2010-06-30 | 1.16 | −0.35 | −23.31% |
| Q1 2010 | 2010-03-31 | 1.40 | — | — |
| Q4 2009 | 2009-12-31 | 1.42 | −0.26 | −15.60% |
| Q3 2009 | 2009-09-30 | 1.40 | — | — |
| Q2 2009 | 2009-06-30 | 1.51 | — | — |
| Q4 2008 | 2008-12-31 | 1.68 | — | — |
Ppl debt-to-equity ratio trends
Over the last five fiscal years, Ppl's debt-to-equity ratio increased from 1.19 to 1.30, a change of 0.11. The latest reported quarter, Q2 2026, shows 1.35.
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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