TPG RE Finance Trust annual debt-to-assets ratio
2021
2022
2023
2024
2025
TPG RE Finance Trust Debt-to-Assets Ratio Growth & History (TRTX)
TPG RE Finance Trust's debt-to-assets ratio was 0.75 for fiscal 2025.
View full TPG RE Finance Trust company overviewTPG RE Finance Trust annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.75 | 0.06 | +8.98% |
| 2024 | 2024-12-31 | 0.69 | −0.03 | −4.72% |
| 2023 | 2023-12-31 | 0.72 | −0.03 | −4.02% |
| 2022 | 2022-12-31 | 0.75 | 0.04 | +5.65% |
| 2021 | 2021-12-31 | 0.71 | — | — |
TPG RE Finance Trust quarterly debt-to-assets 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
Q2.26
| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.76 | 0.03 | +4.49% |
| Q1 2026 | 2026-03-31 | 0.76 | 0.04 | +6.01% |
| Q4 2025 | 2025-12-31 | 0.75 | 0.06 | +8.98% |
| Q3 2025 | 2025-09-30 | 0.72 | 0.04 | +6.49% |
| Q2 2025 | 2025-06-30 | 0.73 | 0.05 | +6.69% |
| Q1 2025 | 2025-03-31 | 0.71 | 0.02 | +2.53% |
| Q4 2024 | 2024-12-31 | 0.69 | −0.03 | −4.72% |
| Q3 2024 | 2024-09-30 | 0.68 | −0.05 | −6.81% |
| Q2 2024 | 2024-06-30 | 0.68 | −0.06 | −8.01% |
| Q1 2024 | 2024-03-31 | 0.70 | −0.05 | −6.91% |
| Q4 2023 | 2023-12-31 | 0.72 | −0.03 | −4.02% |
| Q3 2023 | 2023-09-30 | 0.73 | −0.03 | −4.23% |
| Q2 2023 | 2023-06-30 | 0.74 | 0.02 | +2.40% |
| Q1 2023 | 2023-03-31 | 0.75 | 0.02 | +2.46% |
| Q4 2022 | 2022-12-31 | 0.75 | 0.04 | +5.65% |
| Q3 2022 | 2022-09-30 | 0.76 | 0.05 | +6.29% |
| Q2 2022 | 2022-06-30 | 0.73 | — | — |
| Q1 2022 | 2022-03-31 | 0.73 | — | — |
| Q4 2021 | 2021-12-31 | 0.71 | — | — |
| Q3 2021 | 2021-09-30 | 0.72 | — | — |
TPG RE Finance Trust debt-to-assets ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, TPG RE Finance Trust's debt-to-assets ratio increased from 0.71 to 0.75, a change of 0.04. The latest reported quarter, Q2 2026, shows 0.76.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review TPG RE Finance Trust source filings ↗