United Utilities Group annual debt-to-equity ratio
2021
2022
2023
2024
2025
2026
United Utilities Group Debt-to-Equity Ratio Growth & History (UU.)
United Utilities Group's debt-to-equity ratio was 5.13 for fiscal 2026.
View full United Utilities Group company overviewUnited Utilities Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | 5.13 | −0.27 | −4.97% |
| 2025 | 2025-03-31 | 5.39 | 0.53 | +10.90% |
| 2024 | 2024-03-31 | 4.86 | 1.50 | +44.66% |
| 2023 | 2023-03-31 | 3.36 | 0.66 | +24.62% |
| 2022 | 2022-03-31 | 2.70 | −0.09 | −3.23% |
| 2021 | 2021-03-31 | 2.79 | — | — |
United Utilities Group quarterly debt-to-equity ratio
Q4.25
Q2.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-03-31 | 5.12 | −0.27 | −5.02% |
| Q2 2026 | 2025-09-30 | 5.71 | — | — |
| Q4 2025 | 2025-03-31 | 5.39 | — | — |
United Utilities Group debt-to-equity ratio trends
Over the last five fiscal years, United Utilities Group's debt-to-equity ratio increased from 2.79 to 5.13, a change of 2.34. The latest reported quarter, Q4 2026, shows 5.12.
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 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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