Ryan Specialty Holdings Debt-to-Equity Ratio Growth & History (RYAN)
Ryan Specialty Holdings's debt-to-equity ratio was 5.45 for fiscal 2025.
View full Ryan Specialty Holdings company overviewRyan Specialty Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 5.45 | −0.07 | −1.29% |
| 2024 | 2024-12-31 | 5.52 | 1.67 | +43.36% |
| 2023 | 2023-12-31 | 3.85 | −0.66 | −14.62% |
| 2022 | 2022-12-31 | 4.51 | 1.68 | +59.32% |
| 2021 | 2021-12-31 | 2.83 | — | — |
Ryan Specialty Holdings quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 7.47 | 1.49 | +24.83% |
| Q1 2026 | 2026-03-31 | 5.88 | −1.25 | −17.47% |
| Q4 2025 | 2025-12-31 | 5.45 | −0.07 | −1.29% |
| Q3 2025 | 2025-09-30 | 5.67 | 1.17 | +25.92% |
| Q2 2025 | 2025-06-30 | 5.99 | 2.45 | +69.24% |
| Q1 2025 | 2025-03-31 | 7.13 | 3.25 | +83.85% |
| Q4 2024 | 2024-12-31 | 5.52 | 1.67 | +43.36% |
| Q3 2024 | 2024-09-30 | 4.50 | 0.53 | +13.31% |
| Q2 2024 | 2024-06-30 | 3.54 | 1.25 | +54.58% |
| Q1 2024 | 2024-03-31 | 3.88 | 1.36 | +53.95% |
| Q4 2023 | 2023-12-31 | 3.85 | −0.66 | −14.62% |
| Q3 2023 | 2023-09-30 | 3.97 | 1.15 | +40.89% |
| Q2 2023 | 2023-06-30 | 2.29 | −0.74 | −24.54% |
| Q1 2023 | 2023-03-31 | 2.52 | −0.83 | −24.79% |
| Q4 2022 | 2022-12-31 | 4.51 | 1.68 | +59.32% |
| Q3 2022 | 2022-09-30 | 2.82 | −0.91 | −24.44% |
| Q2 2022 | 2022-06-30 | 3.03 | — | — |
| Q1 2022 | 2022-03-31 | 3.35 | — | — |
| Q4 2021 | 2021-12-31 | 2.83 | — | — |
| Q3 2021 | 2021-09-30 | 3.73 | — | — |
Ryan Specialty Holdings debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Ryan Specialty Holdings's debt-to-equity ratio increased from 2.83 to 5.45, a change of 2.62. The latest reported quarter, Q2 2026, shows 7.47.
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.
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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