Toronto Dominion Bank annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
Toronto Dominion Bank Debt-to-Equity Ratio Growth & History (TD)
Toronto Dominion Bank's debt-to-equity ratio was 0.04 for fiscal 2025.
View full Toronto Dominion Bank company overviewToronto Dominion Bank annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-10-31 | 0.04 | −0.00 | −3.82% |
| 2024 | 2024-10-31 | 0.04 | −0.00 | −3.40% |
| 2023 | 2023-10-31 | 0.05 | −0.00 | −5.53% |
| 2022 | 2022-10-31 | 0.05 | −0.01 | −13.00% |
| 2021 | 2021-10-31 | 0.05 | −0.01 | −14.09% |
| 2020 | 2020-10-31 | 0.06 | 0.06 | +8380.77% |
| 2019 | 2019-10-31 | 0.00 | — | — |
Toronto Dominion Bank quarterly debt-to-equity ratio
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
Q3.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-07-31 | 3.58 | 3.54 | +8711.05% |
| Q2 2026 | 2026-04-30 | 3.81 | 3.77 | +9505.45% |
| Q1 2026 | 2026-01-31 | 0.04 | −0.00 | −4.30% |
| Q4 2025 | 2025-10-31 | 0.04 | −0.00 | −3.82% |
| Q3 2025 | 2025-07-31 | 0.04 | −0.00 | −10.46% |
| Q2 2025 | 2025-04-30 | 0.04 | −0.01 | −13.13% |
| Q1 2025 | 2025-01-31 | 0.04 | −0.00 | −4.44% |
| Q4 2024 | 2024-10-31 | 0.04 | −0.00 | −3.40% |
| Q3 2024 | 2024-07-31 | 0.05 | 0.00 | +2.70% |
| Q2 2024 | 2024-04-30 | 0.05 | 0.00 | +2.71% |
| Q1 2024 | 2024-01-31 | 0.05 | −0.00 | −0.20% |
| Q4 2023 | 2023-10-31 | 0.05 | −0.00 | −5.53% |
| Q3 2023 | 2023-07-31 | 0.04 | −0.01 | −13.65% |
| Q2 2023 | 2023-04-30 | 0.04 | −0.01 | −18.23% |
| Q1 2023 | 2023-01-31 | 0.05 | −0.01 | −15.07% |
| Q4 2022 | 2022-10-31 | 0.05 | −0.01 | −13.00% |
| Q3 2022 | 2022-07-31 | 0.05 | −0.00 | −8.37% |
| Q2 2022 | 2022-04-30 | 0.05 | −0.00 | −7.99% |
| Q1 2022 | 2022-01-31 | 0.05 | −0.01 | −11.78% |
| Q4 2021 | 2021-10-31 | 0.05 | −0.01 | −14.09% |
| Q3 2021 | 2021-07-31 | 0.06 | −0.00 | −6.37% |
| Q2 2021 | 2021-04-30 | 0.06 | −0.00 | −3.12% |
| Q1 2021 | 2021-01-31 | 0.06 | −0.00 | −3.86% |
| Q4 2020 | 2020-10-31 | 0.06 | 0.06 | +8380.77% |
| Q3 2020 | 2020-07-31 | 0.06 | — | — |
| Q2 2020 | 2020-04-30 | 0.06 | — | — |
| Q1 2020 | 2020-01-31 | 0.06 | — | — |
| Q4 2019 | 2019-10-31 | 0.00 | — | — |
Toronto Dominion Bank debt-to-equity ratio trends
Over the last five fiscal years, Toronto Dominion Bank's debt-to-equity ratio decreased from 0.06 to 0.04, a change of −0.02. The latest reported quarter, Q3 2026, shows 3.58.
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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