Virgin Galactic Holdings annual debt-to-equity ratio
2018
2019
2020
2021
2022
2023
2024
2025
Virgin Galactic Holdings Debt-to-Equity Ratio Growth & History (SPCE)
Virgin Galactic Holdings's debt-to-equity ratio was 1.37 for fiscal 2025.
View full Virgin Galactic Holdings company overviewVirgin Galactic Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.37 | −0.16 | −10.56% |
| 2024 | 2024-12-31 | 1.53 | 0.56 | +57.44% |
| 2023 | 2023-12-31 | 0.97 | −0.02 | −1.86% |
| 2022 | 2022-12-31 | 0.99 | 0.94 | +1974.29% |
| 2021 | 2021-12-31 | 0.05 | −0.00 | −8.50% |
| 2020 | 2020-12-31 | 0.05 | −0.02 | −26.97% |
| 2019 | 2019-12-31 | 0.07 | 0.07 | +5206.42% |
| 2018 | 2018-12-31 | 0.00 | — | — |
Virgin Galactic Holdings quarterly debt-to-equity ratio
Q4.18
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.67 | −1.17 | −63.53% |
| Q1 2026 | 2026-03-31 | 1.65 | −0.16 | −8.97% |
| Q4 2025 | 2025-12-31 | 1.37 | −0.16 | −10.56% |
| Q3 2025 | 2025-09-30 | 2.10 | 0.76 | +56.11% |
| Q2 2025 | 2025-06-30 | 1.84 | 0.59 | +47.31% |
| Q1 2025 | 2025-03-31 | 1.81 | 0.63 | +53.54% |
| Q4 2024 | 2024-12-31 | 1.53 | 0.56 | +57.44% |
| Q3 2024 | 2024-09-30 | 1.35 | 0.53 | +64.17% |
| Q2 2024 | 2024-06-30 | 1.25 | 0.26 | +26.59% |
| Q1 2024 | 2024-03-31 | 1.18 | −0.12 | −9.27% |
| Q4 2023 | 2023-12-31 | 0.97 | −0.02 | −1.86% |
| Q3 2023 | 2023-09-30 | 0.82 | 0.72 | +733.41% |
| Q2 2023 | 2023-06-30 | 0.98 | 0.91 | +1281.12% |
| Q1 2023 | 2023-03-31 | 1.30 | 1.24 | +2194.41% |
| Q4 2022 | 2022-12-31 | 0.99 | 0.94 | +1974.29% |
| Q3 2022 | 2022-09-30 | 0.10 | 0.07 | +269.77% |
| Q2 2022 | 2022-06-30 | 0.07 | 0.01 | +18.54% |
| Q1 2022 | 2022-03-31 | 0.06 | −0.01 | −12.34% |
| Q4 2021 | 2021-12-31 | 0.05 | −0.00 | −8.50% |
| Q3 2021 | 2021-09-30 | 0.03 | −0.01 | −30.38% |
| Q2 2021 | 2021-06-30 | 0.06 | −0.03 | −34.65% |
| Q1 2021 | 2021-03-31 | 0.06 | −0.02 | −20.00% |
| Q4 2020 | 2020-12-31 | 0.05 | −0.02 | −26.97% |
| Q3 2020 | 2020-09-30 | 0.04 | — | — |
| Q2 2020 | 2020-06-30 | 0.09 | — | — |
| Q1 2020 | 2020-03-31 | 0.08 | — | — |
| Q4 2019 | 2019-12-31 | 0.07 | 0.07 | +5206.42% |
| Q4 2018 | 2018-12-31 | 0.00 | — | — |
Virgin Galactic Holdings debt-to-equity ratio trends
Over the last five fiscal years, Virgin Galactic Holdings's debt-to-equity ratio increased from 0.05 to 1.37, a change of 1.32. The latest reported quarter, Q2 2026, shows 0.67.
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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