Unitil annual debt-to-equity ratio
2009
2010
2011
2012
2013
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2015
2016
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2018
2019
2020
2021
2022
2023
2024
2025
Unitil Debt-to-Equity Ratio Growth & History (UTL)
Unitil's debt-to-equity ratio was 1.53 for fiscal 2025.
View full Unitil company overviewUnitil annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.53 | 0.06 | +3.80% |
| 2024 | 2024-12-31 | 1.48 | 0.08 | +5.82% |
| 2023 | 2023-12-31 | 1.39 | 0.08 | +5.81% |
| 2022 | 2022-12-31 | 1.32 | 0.04 | +2.79% |
| 2021 | 2021-12-31 | 1.28 | −0.22 | −14.88% |
| 2020 | 2020-12-31 | 1.51 | 0.13 | +9.14% |
| 2019 | 2019-12-31 | 1.38 | −0.03 | −2.16% |
| 2018 | 2018-12-31 | 1.41 | 0.07 | +4.84% |
| 2017 | 2017-12-31 | 1.35 | −0.11 | −7.59% |
| 2016 | 2016-12-31 | 1.46 | 0.12 | +8.74% |
| 2015 | 2015-12-31 | 1.34 | −0.02 | −1.14% |
| 2014 | 2014-12-31 | 1.35 | 0.04 | +3.32% |
| 2013 | 2013-12-31 | 1.31 | 0.02 | +1.25% |
| 2012 | 2012-12-31 | 1.29 | −0.67 | −34.01% |
| 2011 | 2011-12-31 | 1.96 | 0.08 | +4.30% |
| 2010 | 2010-12-31 | 1.88 | 0.26 | +15.78% |
| 2009 | 2009-12-31 | 1.63 | — | — |
Unitil 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 | 1.50 | −0.04 | −2.59% |
| Q1 2026 | 2026-03-31 | 1.47 | −0.07 | −4.49% |
| Q4 2025 | 2025-12-31 | 1.53 | 0.06 | +3.80% |
| Q3 2025 | 2025-09-30 | 1.33 | −0.09 | −6.11% |
| Q2 2025 | 2025-06-30 | 1.54 | 0.21 | +15.82% |
| Q1 2025 | 2025-03-31 | 1.54 | 0.19 | +14.09% |
| Q4 2024 | 2024-12-31 | 1.48 | 0.08 | +5.82% |
| Q3 2024 | 2024-09-30 | 1.42 | 0.06 | +4.46% |
| Q2 2024 | 2024-06-30 | 1.33 | 0.02 | +1.88% |
| Q1 2024 | 2024-03-31 | 1.35 | 0.03 | +2.31% |
| Q4 2023 | 2023-12-31 | 1.39 | 0.08 | +5.81% |
| Q3 2023 | 2023-09-30 | 1.36 | 0.10 | +7.76% |
| Q2 2023 | 2023-06-30 | 1.30 | 0.11 | +9.05% |
| Q1 2023 | 2023-03-31 | 1.32 | 0.08 | +6.85% |
| Q4 2022 | 2022-12-31 | 1.32 | 0.04 | +2.79% |
| Q3 2022 | 2022-09-30 | 1.26 | 0.01 | +1.19% |
| Q2 2022 | 2022-06-30 | 1.19 | −0.20 | −14.48% |
| Q1 2022 | 2022-03-31 | 1.23 | −0.17 | −12.35% |
| Q4 2021 | 2021-12-31 | 1.28 | −0.22 | −14.88% |
| Q3 2021 | 2021-09-30 | 1.25 | −0.22 | −15.13% |
| Q2 2021 | 2021-06-30 | 1.40 | 0.04 | +2.97% |
| Q1 2021 | 2021-03-31 | 1.41 | 0.07 | +5.02% |
| Q4 2020 | 2020-12-31 | 1.51 | 0.13 | +9.14% |
| Q3 2020 | 2020-09-30 | 1.47 | 0.16 | +12.07% |
| Q2 2020 | 2020-06-30 | 1.36 | 0.12 | +9.55% |
| Q1 2020 | 2020-03-31 | 1.34 | 0.09 | +7.25% |
| Q4 2019 | 2019-12-31 | 1.38 | −0.03 | −2.16% |
| Q3 2019 | 2019-09-30 | 1.31 | −0.05 | −3.59% |
| Q2 2019 | 2019-06-30 | 1.24 | −0.02 | −1.81% |
| Q1 2019 | 2019-03-31 | 1.25 | −0.03 | −2.38% |
| Q4 2018 | 2018-12-31 | 1.41 | 0.07 | +4.84% |
| Q3 2018 | 2018-09-30 | 1.36 | −0.17 | −10.93% |
| Q2 2018 | 2018-06-30 | 1.26 | −0.15 | −10.43% |
| Q1 2018 | 2018-03-31 | 1.28 | −0.11 | −8.18% |
| Q4 2017 | 2017-12-31 | 1.35 | −0.11 | −7.59% |
| Q3 2017 | 2017-09-30 | 1.52 | 0.13 | +9.16% |
| Q2 2017 | 2017-06-30 | 1.41 | 0.05 | +4.06% |
| Q1 2017 | 2017-03-31 | 1.39 | 0.07 | +5.31% |
| Q4 2016 | 2016-12-31 | 1.46 | 0.12 | +8.74% |
| Q3 2016 | 2016-09-30 | 1.40 | 0.15 | +12.04% |
| Q2 2016 | 2016-06-30 | 1.35 | 0.14 | +11.64% |
| Q1 2016 | 2016-03-31 | 1.32 | 0.02 | +1.24% |
| Q4 2015 | 2015-12-31 | 1.34 | −0.02 | −1.14% |
| Q3 2015 | 2015-09-30 | 1.25 | −0.01 | −0.92% |
| Q2 2015 | 2015-06-30 | 1.21 | 0.00 | +0.05% |
| Q1 2015 | 2015-03-31 | 1.31 | 0.04 | +3.36% |
| Q4 2014 | 2014-12-31 | 1.35 | 0.04 | +3.32% |
| Q3 2014 | 2014-09-30 | 1.26 | −0.05 | −3.52% |
| Q2 2014 | 2014-06-30 | 1.21 | — | — |
| Q1 2014 | 2014-03-31 | 1.26 | 0.04 | +3.56% |
| Q4 2013 | 2013-12-31 | 1.31 | 0.02 | +1.25% |
| Q3 2013 | 2013-09-30 | 1.30 | — | — |
| Q1 2013 | 2013-03-31 | 1.22 | — | — |
| Q4 2012 | 2012-12-31 | 1.29 | −0.67 | −34.01% |
| Q4 2011 | 2011-12-31 | 1.96 | 0.08 | +4.30% |
| Q4 2010 | 2010-12-31 | 1.88 | — | — |
Unitil debt-to-equity ratio trends
Over the last five fiscal years, Unitil's debt-to-equity ratio increased from 1.51 to 1.53, a change of 0.03. The latest reported quarter, Q2 2026, shows 1.50.
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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