Toast annual debt-to-equity ratio
2021
2022
2023
2024
2025
Toast Debt-to-Equity Ratio Growth & History (TOST)
Toast's debt-to-equity ratio was 0.01 for fiscal 2025.
View full Toast company overviewToast annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.01 | −0.01 | −57.21% |
| 2024 | 2024-12-31 | 0.02 | −0.01 | −40.28% |
| 2023 | 2023-12-31 | 0.04 | −0.05 | −56.95% |
| 2022 | 2022-12-31 | 0.09 | −0.01 | −5.66% |
| 2021 | 2021-12-31 | 0.09 | — | — |
Toast quarterly debt-to-equity ratio
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
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | 0.01 | −0.00 | −35.04% |
| Q4 2025 | 2025-12-31 | 0.01 | −0.01 | −57.21% |
| Q3 2025 | 2025-09-30 | 0.01 | −0.02 | −66.60% |
| Q2 2025 | 2025-06-30 | 0.01 | −0.02 | −66.48% |
| Q1 2025 | 2025-03-31 | 0.01 | −0.02 | −61.42% |
| Q4 2024 | 2024-12-31 | 0.02 | −0.01 | −40.28% |
| Q3 2024 | 2024-09-30 | 0.03 | −0.00 | −3.91% |
| Q2 2024 | 2024-06-30 | 0.03 | 0.00 | +1.94% |
| Q1 2024 | 2024-03-31 | 0.03 | −0.05 | −59.32% |
| Q4 2023 | 2023-12-31 | 0.04 | −0.05 | −56.95% |
| Q3 2023 | 2023-09-30 | 0.03 | −0.06 | −66.85% |
| Q2 2023 | 2023-06-30 | 0.03 | −0.05 | −61.77% |
| Q1 2023 | 2023-03-31 | 0.08 | 0.00 | +0.81% |
| Q4 2022 | 2022-12-31 | 0.09 | −0.01 | −5.66% |
| Q3 2022 | 2022-09-30 | 0.08 | 0.08 | — |
| Q2 2022 | 2022-06-30 | 0.08 | — | — |
| Q1 2022 | 2022-03-31 | 0.08 | — | — |
| Q4 2021 | 2021-12-31 | 0.09 | — | — |
| Q3 2021 | 2021-09-30 | 0.00 | — | — |
Toast debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Toast's debt-to-equity ratio decreased from 0.09 to 0.01, a change of −0.08. The latest reported quarter, Q1 2026, shows 0.01.
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.
Review Toast source filings ↗