Telephone & Data Systems annual debt-to-equity ratio
2009
2010
2011
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2015
2016
2017
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2019
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2021
2022
2023
2024
2025
Telephone & Data Systems Debt-to-Equity Ratio Growth & History (TDS)
Telephone & Data Systems's debt-to-equity ratio was 0.29 for fiscal 2025.
View full Telephone & Data Systems company overviewTelephone & Data Systems annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.29 | −0.39 | −57.05% |
| 2024 | 2024-12-31 | 0.68 | −0.31 | −31.13% |
| 2023 | 2023-12-31 | 0.99 | 0.17 | +20.37% |
| 2022 | 2022-12-31 | 0.82 | 0.14 | +20.65% |
| 2021 | 2021-12-31 | 0.68 | −0.26 | −27.29% |
| 2020 | 2020-12-31 | 0.94 | 0.21 | +29.16% |
| 2019 | 2019-12-31 | 0.72 | 0.19 | +35.53% |
| 2018 | 2018-12-31 | 0.53 | −0.04 | −7.07% |
| 2017 | 2017-12-31 | 0.58 | −0.01 | −2.45% |
| 2016 | 2016-12-31 | 0.59 | −0.00 | −0.80% |
| 2015 | 2015-12-31 | 0.59 | 0.10 | +20.26% |
| 2014 | 2014-12-31 | 0.49 | 0.08 | +18.29% |
| 2013 | 2013-12-31 | 0.42 | −0.01 | −2.64% |
| 2012 | 2012-12-31 | 0.43 | 0.04 | +11.12% |
| 2011 | 2011-12-31 | 0.39 | −0.01 | −1.73% |
| 2010 | 2010-12-31 | 0.39 | −0.00 | −0.83% |
| 2009 | 2009-12-31 | 0.40 | — | — |
Telephone & Data Systems quarterly debt-to-equity ratio
Q4.09
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
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Q3.13
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Q3.16
Q4.16
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Q2.17
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Q2.23
Q3.23
Q1.24
Q2.24
Q3.24
Q4.24
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 | 0.24 | −0.78 | −76.40% |
| Q1 2026 | 2026-03-31 | 0.25 | — | — |
| Q4 2025 | 2025-12-31 | 0.29 | −0.39 | −57.05% |
| Q3 2025 | 2025-09-30 | 0.31 | −0.69 | −68.72% |
| Q2 2025 | 2025-06-30 | 1.02 | 0.02 | +2.09% |
| Q4 2024 | 2024-12-31 | 0.68 | — | — |
| Q3 2024 | 2024-09-30 | 1.01 | 0.15 | +18.07% |
| Q2 2024 | 2024-06-30 | 0.99 | 0.14 | +16.32% |
| Q1 2024 | 2024-03-31 | 1.00 | 0.12 | +14.16% |
| Q3 2023 | 2023-09-30 | 0.85 | 0.06 | +7.58% |
| Q2 2023 | 2023-06-30 | 0.86 | 0.09 | +11.65% |
| Q1 2023 | 2023-03-31 | 0.87 | 0.09 | +11.77% |
| Q4 2022 | 2022-12-31 | 0.82 | 0.14 | +20.65% |
| Q3 2022 | 2022-09-30 | 0.79 | 0.13 | +20.45% |
| Q2 2022 | 2022-06-30 | 0.77 | −0.08 | −9.61% |
| Q1 2022 | 2022-03-31 | 0.78 | −0.18 | −18.91% |
| Q4 2021 | 2021-12-31 | 0.68 | −0.26 | −27.29% |
| Q3 2021 | 2021-09-30 | 0.66 | −0.18 | −21.61% |
| Q2 2021 | 2021-06-30 | 0.85 | 0.10 | +13.12% |
| Q1 2021 | 2021-03-31 | 0.96 | 0.24 | +33.32% |
| Q4 2020 | 2020-12-31 | 0.94 | 0.21 | +29.16% |
| Q3 2020 | 2020-09-30 | 0.84 | 0.10 | +13.02% |
| Q2 2020 | 2020-06-30 | 0.75 | 0.00 | +0.47% |
| Q1 2020 | 2020-03-31 | 0.72 | −0.03 | −3.38% |
| Q4 2019 | 2019-12-31 | 0.72 | 0.19 | +35.53% |
| Q3 2019 | 2019-09-30 | 0.74 | 0.21 | +39.30% |
| Q2 2019 | 2019-06-30 | 0.75 | 0.20 | +37.74% |
| Q1 2019 | 2019-03-31 | 0.75 | 0.21 | +37.76% |
| Q4 2018 | 2018-12-31 | 0.53 | −0.04 | −7.07% |
| Q3 2018 | 2018-09-30 | 0.53 | −0.08 | −13.06% |
| Q2 2018 | 2018-06-30 | 0.54 | −0.04 | −7.11% |
| Q1 2018 | 2018-03-31 | 0.54 | −0.04 | −6.64% |
| Q4 2017 | 2017-12-31 | 0.58 | −0.01 | −2.45% |
| Q3 2017 | 2017-09-30 | 0.61 | 0.03 | +4.44% |
| Q2 2017 | 2017-06-30 | 0.58 | −0.01 | −1.12% |
| Q1 2017 | 2017-03-31 | 0.58 | −0.01 | −1.42% |
| Q4 2016 | 2016-12-31 | 0.59 | −0.00 | −0.80% |
| Q3 2016 | 2016-09-30 | 0.59 | 0.05 | +9.65% |
| Q2 2016 | 2016-06-30 | 0.59 | 0.10 | +20.66% |
| Q1 2016 | 2016-03-31 | 0.59 | 0.10 | +20.48% |
| Q4 2015 | 2015-12-31 | 0.59 | 0.10 | +20.26% |
| Q3 2015 | 2015-09-30 | 0.54 | 0.10 | +23.07% |
| Q2 2015 | 2015-06-30 | 0.49 | 0.07 | +15.69% |
| Q1 2015 | 2015-03-31 | 0.49 | 0.07 | +17.56% |
| Q4 2014 | 2014-12-31 | 0.49 | 0.08 | +18.29% |
| Q3 2014 | 2014-09-30 | 0.44 | 0.02 | +4.25% |
| Q2 2014 | 2014-06-30 | 0.42 | 0.01 | +1.57% |
| Q1 2014 | 2014-03-31 | 0.42 | −0.01 | −3.15% |
| Q4 2013 | 2013-12-31 | 0.42 | −0.01 | −2.64% |
| Q3 2013 | 2013-09-30 | 0.42 | 0.04 | +11.28% |
| Q2 2013 | 2013-06-30 | 0.42 | 0.04 | +9.89% |
| Q1 2013 | 2013-03-31 | 0.43 | 0.05 | +12.91% |
| Q4 2012 | 2012-12-31 | 0.43 | 0.04 | +11.12% |
| Q3 2012 | 2012-09-30 | 0.38 | −0.01 | −2.33% |
| Q2 2012 | 2012-06-30 | 0.38 | −0.01 | −3.52% |
| Q1 2012 | 2012-03-31 | 0.38 | −0.01 | −3.50% |
| Q4 2011 | 2011-12-31 | 0.39 | −0.01 | −1.73% |
| Q3 2011 | 2011-09-30 | 0.38 | −0.01 | −1.55% |
| Q2 2011 | 2011-06-30 | 0.39 | 0.00 | +0.07% |
| Q1 2011 | 2011-03-31 | 0.40 | — | — |
| Q4 2010 | 2010-12-31 | 0.39 | −0.00 | −0.83% |
| Q3 2010 | 2010-09-30 | 0.39 | — | — |
| Q2 2010 | 2010-06-30 | 0.39 | — | — |
| Q4 2009 | 2009-12-31 | 0.40 | — | — |
Telephone & Data Systems debt-to-equity ratio trends
Over the last five fiscal years, Telephone & Data Systems's debt-to-equity ratio decreased from 0.94 to 0.29, a change of −0.64. The latest reported quarter, Q2 2026, shows 0.24.
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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