Telesat annual debt-to-equity ratio
2020
2021
2022
2023
2024
2025
Telesat Debt-to-Equity Ratio Growth & History (TSAT)
Telesat's debt-to-equity ratio was 6.59 for fiscal 2025.
View full Telesat company overviewTelesat annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 6.59 | 2.22 | +50.96% |
| 2024 | 2024-12-31 | 4.36 | −0.47 | −9.73% |
| 2023 | 2023-12-31 | 4.83 | −3.17 | −39.60% |
| 2022 | 2022-12-31 | 8.00 | −1.13 | −12.36% |
| 2021 | 2021-12-31 | 9.13 | 6.94 | +317.92% |
| 2020 | 2020-12-31 | 2.18 | — | — |
Telesat quarterly debt-to-equity ratio
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
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 | 10.07 | 5.28 | +109.92% |
| Q1 2026 | 2026-03-31 | 7.02 | 2.29 | +48.40% |
| Q4 2025 | 2025-12-31 | 6.59 | 2.22 | +50.96% |
| Q3 2025 | 2025-09-30 | 5.05 | — | — |
| Q2 2025 | 2025-06-30 | 4.80 | — | — |
| Q1 2025 | 2025-03-31 | 4.73 | — | — |
| Q4 2024 | 2024-12-31 | 4.36 | −0.47 | −9.73% |
| Q4 2023 | 2023-12-31 | 4.83 | −3.17 | −39.60% |
| Q4 2022 | 2022-12-31 | 8.00 | −1.13 | −12.36% |
| Q4 2021 | 2021-12-31 | 9.13 | 6.94 | +317.92% |
| Q4 2020 | 2020-12-31 | 2.18 | — | — |
Telesat debt-to-equity ratio trends
Over the last five fiscal years, Telesat's debt-to-equity ratio increased from 2.18 to 6.59, a change of 4.40. The latest reported quarter, Q2 2026, shows 10.07.
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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