Universal Health Services annual debt-to-equity ratio
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Universal Health Services Debt-to-Equity Ratio Growth & History (UHS)
Universal Health Services's debt-to-equity ratio was 0.72 for fiscal 2025.
View full Universal Health Services company overviewUniversal Health Services annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.72 | −0.03 | −4.57% |
| 2024 | 2024-12-31 | 0.76 | −0.13 | −14.40% |
| 2023 | 2023-12-31 | 0.88 | −0.02 | −2.05% |
| 2022 | 2022-12-31 | 0.90 | 0.14 | +18.56% |
| 2021 | 2021-12-31 | 0.76 | 0.09 | +13.30% |
| 2020 | 2020-12-31 | 0.67 | −0.11 | −14.51% |
| 2019 | 2019-12-31 | 0.79 | 0.04 | +5.47% |
| 2018 | 2018-12-31 | 0.75 | −0.07 | −8.40% |
| 2017 | 2017-12-31 | 0.81 | −0.10 | −11.28% |
| 2016 | 2016-12-31 | 0.92 | 0.10 | +12.82% |
| 2015 | 2015-12-31 | 0.81 | −0.06 | −7.35% |
| 2014 | 2014-12-31 | 0.88 | −0.14 | −13.80% |
| 2013 | 2013-12-31 | 1.02 | −0.36 | −25.95% |
| 2012 | 2012-12-31 | 1.38 | −0.22 | −13.61% |
| 2011 | 2011-12-31 | 1.59 | −0.39 | −19.55% |
| 2010 | 2010-12-31 | 1.98 | 1.43 | +261.31% |
| 2009 | 2009-12-31 | 0.55 | — | — |
Universal Health Services quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.70 | −0.01 | −1.69% |
| Q1 2026 | 2026-03-31 | 0.69 | −0.06 | −8.53% |
| Q4 2025 | 2025-12-31 | 0.72 | −0.03 | −4.57% |
| Q3 2025 | 2025-09-30 | 0.71 | −0.06 | −7.79% |
| Q2 2025 | 2025-06-30 | 0.71 | −0.06 | −7.52% |
| Q1 2025 | 2025-03-31 | 0.75 | −0.10 | −11.50% |
| Q4 2024 | 2024-12-31 | 0.76 | −0.13 | −14.40% |
| Q3 2024 | 2024-09-30 | 0.77 | −0.11 | −12.91% |
| Q2 2024 | 2024-06-30 | 0.77 | −0.08 | −9.44% |
| Q1 2024 | 2024-03-31 | 0.85 | −0.03 | −3.29% |
| Q4 2023 | 2023-12-31 | 0.88 | −0.02 | −2.05% |
| Q3 2023 | 2023-09-30 | 0.89 | 0.01 | +0.59% |
| Q2 2023 | 2023-06-30 | 0.85 | −0.01 | −1.66% |
| Q1 2023 | 2023-03-31 | 0.88 | 0.08 | +10.20% |
| Q4 2022 | 2022-12-31 | 0.90 | 0.14 | +18.56% |
| Q3 2022 | 2022-09-30 | 0.88 | 0.23 | +36.18% |
| Q2 2022 | 2022-06-30 | 0.86 | 0.26 | +43.23% |
| Q1 2022 | 2022-03-31 | 0.80 | 0.19 | +31.53% |
| Q4 2021 | 2021-12-31 | 0.76 | 0.09 | +13.30% |
| Q3 2021 | 2021-09-30 | 0.65 | −0.01 | −1.94% |
| Q2 2021 | 2021-06-30 | 0.60 | −0.08 | −11.20% |
| Q1 2021 | 2021-03-31 | 0.61 | −0.16 | −21.38% |
| Q4 2020 | 2020-12-31 | 0.67 | −0.11 | −14.51% |
| Q3 2020 | 2020-09-30 | 0.66 | −0.14 | −17.10% |
| Q2 2020 | 2020-06-30 | 0.68 | −0.15 | −18.50% |
| Q1 2020 | 2020-03-31 | 0.77 | −0.01 | −0.85% |
| Q4 2019 | 2019-12-31 | 0.79 | 0.04 | +5.47% |
| Q3 2019 | 2019-09-30 | 0.80 | 0.05 | +6.20% |
| Q2 2019 | 2019-06-30 | 0.83 | 0.08 | +11.19% |
| Q1 2019 | 2019-03-31 | 0.78 | 0.02 | +3.24% |
| Q4 2018 | 2018-12-31 | 0.75 | −0.07 | −8.40% |
| Q3 2018 | 2018-09-30 | 0.75 | −0.08 | −9.60% |
| Q2 2018 | 2018-06-30 | 0.75 | −0.10 | −12.23% |
| Q1 2018 | 2018-03-31 | 0.75 | −0.07 | −8.67% |
| Q4 2017 | 2017-12-31 | 0.81 | −0.10 | −11.28% |
| Q3 2017 | 2017-09-30 | 0.83 | 0.00 | +0.42% |
| Q2 2017 | 2017-06-30 | 0.86 | 0.02 | +2.36% |
| Q1 2017 | 2017-03-31 | 0.82 | 0.06 | +7.63% |
| Q4 2016 | 2016-12-31 | 0.92 | 0.10 | +12.82% |
| Q3 2016 | 2016-09-30 | 0.83 | 0.08 | +10.44% |
| Q2 2016 | 2016-06-30 | 0.84 | 0.09 | +11.77% |
| Q1 2016 | 2016-03-31 | 0.76 | −0.04 | −4.86% |
| Q4 2015 | 2015-12-31 | 0.81 | −0.06 | −7.35% |
| Q3 2015 | 2015-09-30 | 0.75 | −0.21 | −21.90% |
| Q2 2015 | 2015-06-30 | 0.75 | −0.14 | −15.82% |
| Q1 2015 | 2015-03-31 | 0.80 | −0.14 | −15.13% |
| Q4 2014 | 2014-12-31 | 0.88 | −0.14 | −13.80% |
| Q3 2014 | 2014-09-30 | 0.96 | −0.17 | −14.78% |
| Q2 2014 | 2014-06-30 | 0.89 | −0.30 | −25.12% |
| Q1 2014 | 2014-03-31 | 0.95 | −0.35 | −26.85% |
| Q4 2013 | 2013-12-31 | 1.02 | −0.36 | −25.95% |
| Q3 2013 | 2013-09-30 | 1.13 | −0.19 | −14.76% |
| Q2 2013 | 2013-06-30 | 1.19 | −0.18 | −13.10% |
| Q1 2013 | 2013-03-31 | 1.29 | −0.18 | −12.32% |
| Q4 2012 | 2012-12-31 | 1.38 | −0.22 | −13.61% |
| Q3 2012 | 2012-09-30 | 1.32 | −0.34 | −20.49% |
| Q2 2012 | 2012-06-30 | 1.36 | −0.35 | −20.54% |
| Q1 2012 | 2012-03-31 | 1.48 | −0.36 | −19.75% |
| Q4 2011 | 2011-12-31 | 1.59 | −0.39 | −19.55% |
| Q3 2011 | 2011-09-30 | 1.66 | 1.14 | +217.39% |
| Q2 2011 | 2011-06-30 | 1.72 | 1.25 | +266.84% |
| Q1 2011 | 2011-03-31 | 1.84 | — | — |
| Q4 2010 | 2010-12-31 | 1.98 | 1.43 | +261.31% |
| Q3 2010 | 2010-09-30 | 0.52 | — | — |
| Q2 2010 | 2010-06-30 | 0.47 | — | — |
| Q4 2009 | 2009-12-31 | 0.55 | — | — |
Universal Health Services debt-to-equity ratio trends
Over the last five fiscal years, Universal Health Services's debt-to-equity ratio increased from 0.67 to 0.72, a change of 0.05. The latest reported quarter, Q2 2026, shows 0.70.
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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