Telus annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Telus Debt-to-Equity Ratio Growth & History (TU)
Telus's debt-to-equity ratio was 2.01 for fiscal 2025.
View full Telus company overviewTelus annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 2.01 | 0.12 | +6.62% |
| 2024 | 2024-12-31 | 1.88 | 0.26 | +16.36% |
| 2023 | 2023-12-31 | 1.62 | 0.11 | +7.51% |
| 2022 | 2022-12-31 | 1.51 | 0.19 | +14.25% |
| 2021 | 2021-12-31 | 1.32 | −0.41 | −23.71% |
| 2020 | 2020-12-31 | 1.73 | −0.07 | −3.63% |
| 2019 | 2019-12-31 | 1.79 | 0.48 | +36.52% |
| 2018 | 2018-12-31 | 1.31 | 0.00 | +0.04% |
| 2017 | 2017-12-31 | 1.31 | −0.17 | −11.24% |
| 2016 | 2016-12-31 | 1.48 | — | — |
Telus quarterly debt-to-equity ratio
Q4.16
Q4.17
Q2.18
Q4.18
Q2.19
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
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 | 2.37 | 0.28 | +13.56% |
| Q1 2026 | 2026-03-31 | 2.00 | — | — |
| Q4 2025 | 2025-12-31 | 2.01 | 0.12 | +6.62% |
| Q3 2025 | 2025-09-30 | 1.88 | — | — |
| Q2 2025 | 2025-06-30 | 2.09 | 0.28 | +15.49% |
| Q4 2024 | 2024-12-31 | 1.88 | 0.26 | +16.36% |
| Q2 2024 | 2024-06-30 | 1.81 | 0.23 | +14.48% |
| Q4 2023 | 2023-12-31 | 1.62 | 0.11 | +7.51% |
| Q2 2023 | 2023-06-30 | 1.58 | 0.27 | +20.79% |
| Q4 2022 | 2022-12-31 | 1.51 | 0.19 | +14.25% |
| Q2 2022 | 2022-06-30 | 1.31 | −0.04 | −2.73% |
| Q4 2021 | 2021-12-31 | 1.32 | −0.41 | −23.71% |
| Q2 2021 | 2021-06-30 | 1.34 | −0.30 | −18.22% |
| Q4 2020 | 2020-12-31 | 1.73 | −0.07 | −3.63% |
| Q2 2020 | 2020-06-30 | 1.64 | 0.05 | +3.46% |
| Q4 2019 | 2019-12-31 | 1.79 | 0.48 | +36.52% |
| Q2 2019 | 2019-06-30 | 1.59 | 0.22 | +15.93% |
| Q4 2018 | 2018-12-31 | 1.31 | 0.00 | +0.04% |
| Q2 2018 | 2018-06-30 | 1.37 | — | — |
| Q4 2017 | 2017-12-31 | 1.31 | −0.17 | −11.24% |
| Q4 2016 | 2016-12-31 | 1.48 | — | — |
Telus debt-to-equity ratio trends
Over the last five fiscal years, Telus's debt-to-equity ratio increased from 1.73 to 2.01, a change of 0.28. The latest reported quarter, Q2 2026, shows 2.37.
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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