Slm annual debt-to-equity ratio
2008
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2021
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2024
2025
Slm Debt-to-Equity Ratio Growth & History (SLM)
Slm's debt-to-equity ratio was 2.39 for fiscal 2025.
View full Slm company overviewSlm annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.39 | −0.59 | −19.82% |
| 2024 | 2024-12-31 | 2.98 | 0.20 | +7.28% |
| 2023 | 2023-12-31 | 2.78 | −0.25 | −8.31% |
| 2022 | 2022-12-31 | 3.03 | 0.27 | +9.87% |
| 2021 | 2021-12-31 | 2.76 | 0.73 | +36.26% |
| 2020 | 2020-12-31 | 2.02 | 0.62 | +44.42% |
| 2019 | 2019-12-31 | 1.40 | −0.04 | −2.72% |
| 2018 | 2018-12-31 | 1.44 | 0.12 | +8.88% |
| 2017 | 2017-12-31 | 1.32 | 0.40 | +43.31% |
| 2016 | 2016-12-31 | 0.92 | 0.41 | +79.41% |
| 2015 | 2015-12-31 | 0.51 | 0.51 | — |
| 2014 | 2014-12-31 | 0.00 | — | — |
| 2012 | 2012-12-31 | 34.04 | −1.05 | −2.98% |
| 2011 · Dec 31 | 2011-12-31 | 35.09 | −4.25 | −10.80% |
| 2010 | 2010-12-31 | 39.34 | 8.75 | +28.62% |
| 2009 | 2009-12-31 | 30.58 | −1.45 | −4.54% |
| 2008 | 2008-12-31 | 32.04 | — | — |
Slm quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 2.36 | −0.34 | −12.51% |
| Q1 2026 | 2026-03-31 | 2.53 | −0.03 | −1.16% |
| Q4 2025 | 2025-12-31 | 2.39 | −0.59 | −19.82% |
| Q3 2025 | 2025-09-30 | 2.92 | 0.09 | +3.25% |
| Q2 2025 | 2025-06-30 | 2.70 | 0.33 | +14.07% |
| Q1 2025 | 2025-03-31 | 2.56 | 0.21 | +8.75% |
| Q4 2024 | 2024-12-31 | 2.98 | 0.20 | +7.28% |
| Q3 2024 | 2024-09-30 | 2.83 | −0.24 | −7.71% |
| Q2 2024 | 2024-06-30 | 2.37 | −0.52 | −18.01% |
| Q1 2024 | 2024-03-31 | 2.35 | −0.66 | −21.98% |
| Q4 2023 | 2023-12-31 | 2.78 | −0.25 | −8.31% |
| Q3 2023 | 2023-09-30 | 3.07 | 0.28 | +10.04% |
| Q2 2023 | 2023-06-30 | 2.89 | 0.25 | +9.32% |
| Q1 2023 | 2023-03-31 | 3.02 | 0.30 | +11.11% |
| Q4 2022 | 2022-12-31 | 3.03 | 0.27 | +9.87% |
| Q3 2022 | 2022-09-30 | 2.79 | 0.24 | +9.56% |
| Q2 2022 | 2022-06-30 | 2.64 | 0.39 | +17.21% |
| Q1 2022 | 2022-03-31 | 2.72 | 0.83 | +44.05% |
| Q4 2021 | 2021-12-31 | 2.76 | 0.73 | +36.26% |
| Q3 2021 | 2021-09-30 | 2.54 | 0.29 | +13.09% |
| Q2 2021 | 2021-06-30 | 2.25 | 0.05 | +2.10% |
| Q1 2021 | 2021-03-31 | 1.89 | −0.33 | −15.07% |
| Q4 2020 | 2020-12-31 | 2.02 | 0.62 | +44.42% |
| Q3 2020 | 2020-09-30 | 2.25 | 0.71 | +46.07% |
| Q2 2020 | 2020-06-30 | 2.21 | 0.64 | +40.52% |
| Q1 2020 | 2020-03-31 | 2.22 | 0.74 | +50.01% |
| Q4 2019 | 2019-12-31 | 1.40 | −0.04 | −2.72% |
| Q3 2019 | 2019-09-30 | 1.54 | −0.06 | −3.53% |
| Q2 2019 | 2019-06-30 | 1.57 | 0.02 | +1.59% |
| Q1 2019 | 2019-03-31 | 1.48 | 0.05 | +3.16% |
| Q4 2018 | 2018-12-31 | 1.44 | 0.12 | +8.88% |
| Q3 2018 | 2018-09-30 | 1.60 | 0.34 | +27.18% |
| Q2 2018 | 2018-06-30 | 1.55 | 0.32 | +25.79% |
| Q1 2018 | 2018-03-31 | 1.43 | 0.27 | +23.14% |
| Q4 2017 | 2017-12-31 | 1.32 | 0.40 | +43.31% |
| Q3 2017 | 2017-09-30 | 1.25 | 0.40 | +47.07% |
| Q2 2017 | 2017-06-30 | 1.23 | 0.76 | +160.03% |
| Q1 2017 | 2017-03-31 | 1.17 | 0.66 | +130.21% |
| Q4 2016 | 2016-12-31 | 0.92 | 0.41 | +79.41% |
| Q3 2016 | 2016-09-30 | 0.85 | 0.20 | +30.71% |
| Q2 2016 | 2016-06-30 | 0.47 | 0.47 | — |
| Q1 2016 | 2016-03-31 | 0.51 | 0.51 | — |
| Q4 2015 | 2015-12-31 | 0.51 | 0.51 | — |
| Q3 2015 | 2015-09-30 | 0.65 | — | — |
| Q2 2015 | 2015-06-30 | 0.00 | — | — |
| Q1 2015 | 2015-03-31 | 0.00 | −26.43 | — |
| Q4 2014 | 2014-12-31 | 0.00 | — | — |
| Q1 2014 | 2014-03-31 | 26.43 | −5.65 | −17.62% |
| Q3 2013 | 2013-09-30 | 27.10 | −8.37 | −23.59% |
| Q2 2013 | 2013-06-30 | 28.08 | −8.42 | −23.07% |
| Q1 2013 | 2013-03-31 | 32.08 | −4.19 | −11.55% |
| Q4 2012 | 2012-12-31 | 34.04 | −1.05 | −2.98% |
| Q3 2012 | 2012-09-30 | 35.47 | −4.02 | −10.18% |
| Q2 2012 | 2012-06-30 | 36.50 | — | — |
| Q1 2012 | 2012-03-31 | 36.27 | — | — |
| Q4 2011 · Dec 31 | 2011-12-31 | 35.09 | −4.25 | −10.80% |
| Q3 2011 | 2011-09-30 | 39.50 | 29.57 | +298.03% |
| Q4 2010 | 2010-12-31 | 39.34 | 8.75 | +28.62% |
| Q3 2010 | 2010-09-30 | 9.92 | −25.77 | −72.20% |
| Q2 2010 | 2010-06-30 | 39.07 | 3.36 | +9.42% |
| Q1 2010 | 2010-03-31 | 41.86 | — | — |
| Q4 2009 | 2009-12-31 | 30.58 | −1.45 | −4.54% |
| Q3 2009 | 2009-09-30 | 35.69 | — | — |
| Q2 2009 | 2009-06-30 | 35.70 | — | — |
| Q4 2008 | 2008-12-31 | 32.04 | — | — |
Slm debt-to-equity ratio trends
Over the last five fiscal years, Slm's debt-to-equity ratio increased from 2.02 to 2.39, a change of 0.37. The latest reported quarter, Q2 2026, shows 2.36.
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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