Trainline annual debt-to-equity ratio
2021
2022
2023
2024
2025
2026
Trainline Debt-to-Equity Ratio Growth & History (TRN)
Trainline's debt-to-equity ratio was 1.28 for fiscal 2026.
View full Trainline company overviewTrainline annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-02-28 | 1.28 | 0.72 | +128.53% |
| 2025 | 2025-02-28 | 0.56 | 0.07 | +14.29% |
| 2024 | 2024-02-29 | 0.49 | −0.04 | −7.33% |
| 2023 | 2023-02-28 | 0.53 | −0.07 | −11.30% |
| 2022 | 2022-02-28 | 0.60 | −0.36 | −37.44% |
| 2021 | 2021-02-28 | 0.95 | — | — |
Trainline quarterly debt-to-equity ratio
Q4.25
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-02-28 | 1.28 | 0.72 | +128.53% |
| Q4 2025 | 2025-02-28 | 0.56 | — | — |
Trainline debt-to-equity ratio trends
Over the last five fiscal years, Trainline's debt-to-equity ratio increased from 0.95 to 1.28, a change of 0.33. The latest reported quarter, Q4 2026, shows 1.28.
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 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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