Safehold annual debt-to-equity ratio
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2025
Safehold Debt-to-Equity Ratio Growth & History (SAFE)
Safehold's debt-to-equity ratio was 1.91 for fiscal 2025.
View full Safehold company overviewSafehold annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.91 | 0.06 | +3.26% |
| 2024 | 2024-12-31 | 1.85 | 0.02 | +1.22% |
| 2023 | 2023-12-31 | 1.82 | 0.18 | +10.76% |
| 2022 | 2022-12-31 | 1.65 | −1.40 | −45.98% |
| 2021 | 2021-12-31 | 3.05 | −0.10 | −3.30% |
| 2020 | 2020-12-31 | 3.15 | −0.28 | −8.09% |
| 2019 | 2019-12-31 | 3.43 | −0.75 | −17.98% |
| 2018 | 2018-12-31 | 4.18 | 0.23 | +5.83% |
| 2017 | 2017-12-31 | 3.95 | 0.62 | +18.51% |
| 2016 | 2016-12-31 | 3.33 | −0.55 | −14.25% |
| 2015 | 2015-12-31 | 3.89 | 0.53 | +15.73% |
| 2014 | 2014-12-31 | 3.36 | 0.02 | +0.47% |
| 2013 | 2013-12-31 | 3.34 | −0.49 | −12.69% |
| 2012 | 2012-12-31 | 3.83 | −0.01 | −0.34% |
| 2011 | 2011-12-31 | 3.84 | −0.61 | −13.76% |
| 2010 | 2010-12-31 | 4.46 | — | — |
Safehold 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 | 1.91 | 0.03 | +1.83% |
| Q1 2026 | 2026-03-31 | 1.94 | 0.09 | +4.64% |
| Q4 2025 | 2025-12-31 | 1.91 | 0.06 | +3.26% |
| Q3 2025 | 2025-09-30 | 1.89 | 0.01 | +0.46% |
| Q2 2025 | 2025-06-30 | 1.88 | 0.06 | +3.21% |
| Q1 2025 | 2025-03-31 | 1.85 | 0.03 | +1.65% |
| Q4 2024 | 2024-12-31 | 1.85 | 0.02 | +1.22% |
| Q3 2024 | 2024-09-30 | 1.88 | 0.14 | +7.80% |
| Q2 2024 | 2024-06-30 | 1.82 | −0.00 | −0.09% |
| Q1 2024 | 2024-03-31 | 1.82 | −0.00 | −0.11% |
| Q4 2023 | 2023-12-31 | 1.82 | 0.18 | +10.76% |
| Q3 2023 | 2023-09-30 | 1.75 | 0.74 | +72.67% |
| Q2 2023 | 2023-06-30 | 1.82 | 0.67 | +58.45% |
| Q1 2023 | 2023-03-31 | 1.82 | 0.37 | +25.87% |
| Q4 2022 | 2022-12-31 | 1.65 | −1.40 | −45.98% |
| Q3 2022 | 2022-09-30 | 1.01 | −3.00 | −74.80% |
| Q2 2022 | 2022-06-30 | 1.15 | −3.15 | −73.30% |
| Q1 2022 | 2022-03-31 | 1.45 | −2.64 | −64.61% |
| Q4 2021 | 2021-12-31 | 3.05 | −0.10 | −3.30% |
| Q3 2021 | 2021-09-30 | 4.01 | 0.12 | +3.04% |
| Q2 2021 | 2021-06-30 | 4.30 | 0.52 | +13.81% |
| Q1 2021 | 2021-03-31 | 4.09 | 0.18 | +4.68% |
| Q4 2020 | 2020-12-31 | 3.15 | −0.28 | −8.09% |
| Q3 2020 | 2020-09-30 | 3.90 | 0.27 | +7.46% |
| Q2 2020 | 2020-06-30 | 3.78 | 0.96 | +34.10% |
| Q1 2020 | 2020-03-31 | 3.91 | −0.00 | −0.04% |
| Q4 2019 | 2019-12-31 | 3.43 | −0.75 | −17.98% |
| Q3 2019 | 2019-09-30 | 3.62 | 0.02 | +0.50% |
| Q2 2019 | 2019-06-30 | 2.82 | −0.96 | −25.49% |
| Q1 2019 | 2019-03-31 | 3.91 | 0.72 | +22.55% |
| Q4 2018 | 2018-12-31 | 4.18 | 0.23 | +5.83% |
| Q3 2018 | 2018-09-30 | 3.61 | −1.21 | −25.14% |
| Q2 2018 | 2018-06-30 | 3.78 | 0.90 | +31.28% |
| Q1 2018 | 2018-03-31 | 3.19 | −0.73 | −18.54% |
| Q4 2017 | 2017-12-31 | 3.95 | 0.62 | +18.51% |
| Q3 2017 | 2017-09-30 | 4.82 | 1.16 | +31.72% |
| Q2 2017 | 2017-06-30 | 2.88 | −0.95 | −24.71% |
| Q1 2017 | 2017-03-31 | 3.92 | −0.28 | −6.60% |
| Q4 2016 | 2016-12-31 | 3.33 | −0.55 | −14.25% |
| Q3 2016 | 2016-09-30 | 3.66 | −0.10 | −2.71% |
| Q2 2016 | 2016-06-30 | 3.83 | 0.18 | +4.86% |
| Q1 2016 | 2016-03-31 | 4.19 | 0.55 | +15.06% |
| Q4 2015 | 2015-12-31 | 3.89 | 0.53 | +15.73% |
| Q3 2015 | 2015-09-30 | 3.76 | 0.42 | +12.47% |
| Q2 2015 | 2015-06-30 | 3.65 | 0.21 | +6.07% |
| Q1 2015 | 2015-03-31 | 3.65 | 0.24 | +7.13% |
| Q4 2014 | 2014-12-31 | 3.36 | 0.02 | +0.47% |
| Q3 2014 | 2014-09-30 | 3.34 | 0.09 | +2.92% |
| Q2 2014 | 2014-06-30 | 3.44 | 0.15 | +4.66% |
| Q1 2014 | 2014-03-31 | 3.40 | 0.11 | +3.32% |
| Q4 2013 | 2013-12-31 | 3.34 | −0.49 | −12.69% |
| Q3 2013 | 2013-09-30 | 3.25 | −0.82 | −20.09% |
| Q2 2013 | 2013-06-30 | 3.29 | −0.72 | −17.93% |
| Q1 2013 | 2013-03-31 | 3.29 | −0.79 | −19.32% |
| Q4 2012 | 2012-12-31 | 3.83 | −0.01 | −0.34% |
| Q3 2012 | 2012-09-30 | 4.07 | 0.22 | +5.64% |
| Q2 2012 | 2012-06-30 | 4.00 | 0.23 | +6.10% |
| Q1 2012 | 2012-03-31 | 4.08 | — | — |
| Q4 2011 | 2011-12-31 | 3.84 | −0.61 | −13.76% |
| Q3 2011 | 2011-09-30 | 3.85 | — | — |
| Q2 2011 | 2011-06-30 | 3.77 | — | — |
| Q4 2010 | 2010-12-31 | 4.46 | — | — |
Safehold debt-to-equity ratio trends
Over the last five fiscal years, Safehold's debt-to-equity ratio decreased from 3.15 to 1.91, a change of −1.25. The latest reported quarter, Q2 2026, shows 1.91.
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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