Welltower annual debt-to-equity ratio
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2025
Welltower Debt-to-Equity Ratio Growth & History (WELL)
Welltower's debt-to-equity ratio was 0.51 for fiscal 2025.
View full Welltower company overviewWelltower annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.51 | −0.02 | −3.23% |
| 2024 | 2024-12-31 | 0.52 | −0.11 | −17.35% |
| 2023 | 2023-12-31 | 0.63 | −0.11 | −14.89% |
| 2022 | 2022-12-31 | 0.75 | −0.07 | −9.05% |
| 2021 | 2021-12-31 | 0.82 | 0.64 | +368.21% |
| 2020 | 2020-12-31 | 0.18 | −0.72 | −80.42% |
| 2019 | 2019-12-31 | 0.89 | 0.06 | +6.74% |
| 2018 | 2018-12-31 | 0.84 | 0.07 | +8.76% |
| 2017 | 2017-12-31 | 0.77 | −0.03 | −3.35% |
| 2016 | 2016-12-31 | 0.80 | −0.04 | −4.69% |
| 2015 | 2015-12-31 | 0.84 | 0.01 | +1.60% |
| 2014 | 2014-12-31 | 0.82 | −0.10 | −10.68% |
| 2013 | 2013-12-31 | 0.92 | 0.09 | +11.09% |
| 2012 | 2012-12-31 | 0.83 | −0.10 | −11.24% |
| 2011 | 2011-12-31 | 0.93 | 0.02 | +2.22% |
| 2010 | 2010-12-31 | 0.91 | 0.91 | — |
| 2009 | 2009-12-31 | 0.00 | — | — |
Welltower quarterly debt-to-equity ratio
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Q2.24
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Q2.25
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Q1.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2026 | 2026-03-31 | 0.46 | −0.04 | −8.90% |
| Q4 2025 | 2025-12-31 | 0.51 | −0.02 | −3.23% |
| Q3 2025 | 2025-09-30 | 0.47 | −0.06 | −12.00% |
| Q2 2025 | 2025-06-30 | 0.48 | −0.01 | −2.52% |
| Q1 2025 | 2025-03-31 | 0.50 | −0.03 | −5.40% |
| Q4 2024 | 2024-12-31 | 0.52 | −0.11 | −17.35% |
| Q3 2024 | 2024-09-30 | 0.53 | −0.17 | −24.53% |
| Q2 2024 | 2024-06-30 | 0.49 | −0.28 | −35.83% |
| Q1 2024 | 2024-03-31 | 0.53 | −0.23 | −30.32% |
| Q4 2023 | 2023-12-31 | 0.63 | −0.11 | −14.89% |
| Q3 2023 | 2023-09-30 | 0.71 | −0.08 | −9.88% |
| Q2 2023 | 2023-06-30 | 0.77 | −0.05 | −6.09% |
| Q1 2023 | 2023-03-31 | 0.76 | −0.07 | −8.72% |
| Q4 2022 | 2022-12-31 | 0.75 | −0.07 | −9.05% |
| Q3 2022 | 2022-09-30 | 0.78 | −0.05 | −5.83% |
| Q2 2022 | 2022-06-30 | 0.82 | −0.06 | −6.52% |
| Q1 2022 | 2022-03-31 | 0.83 | −0.12 | −12.47% |
| Q4 2021 | 2021-12-31 | 0.82 | 0.64 | +368.21% |
| Q3 2021 | 2021-09-30 | 0.83 | −0.06 | −6.40% |
| Q2 2021 | 2021-06-30 | 0.88 | −0.06 | −6.02% |
| Q1 2021 | 2021-03-31 | 0.95 | 0.10 | +12.18% |
| Q4 2020 | 2020-12-31 | 0.18 | −0.72 | −80.42% |
| Q3 2020 | 2020-09-30 | 0.89 | 0.04 | +5.05% |
| Q2 2020 | 2020-06-30 | 0.93 | 0.01 | +0.96% |
| Q1 2020 | 2020-03-31 | 0.85 | −0.00 | −0.43% |
| Q4 2019 | 2019-12-31 | 0.89 | 0.06 | +6.74% |
| Q3 2019 | 2019-09-30 | 0.85 | −0.01 | −1.66% |
| Q2 2019 | 2019-06-30 | 0.93 | 0.16 | +20.66% |
| Q1 2019 | 2019-03-31 | 0.85 | 0.12 | +17.18% |
| Q4 2018 | 2018-12-31 | 0.84 | 0.07 | +8.76% |
| Q3 2018 | 2018-09-30 | 0.86 | 0.10 | +13.14% |
| Q2 2018 | 2018-06-30 | 0.77 | 0.02 | +2.50% |
| Q1 2018 | 2018-03-31 | 0.73 | −0.03 | −3.53% |
| Q4 2017 | 2017-12-31 | 0.77 | −0.03 | −3.35% |
| Q3 2017 | 2017-09-30 | 0.76 | −0.06 | −7.59% |
| Q2 2017 | 2017-06-30 | 0.75 | −0.11 | −12.57% |
| Q1 2017 | 2017-03-31 | 0.75 | −0.11 | −12.50% |
| Q4 2016 | 2016-12-31 | 0.80 | −0.04 | −4.69% |
| Q3 2016 | 2016-09-30 | 0.82 | 0.07 | +9.56% |
| Q2 2016 | 2016-06-30 | 0.86 | 0.09 | +12.00% |
| Q1 2016 | 2016-03-31 | 0.86 | 0.13 | +18.01% |
| Q4 2015 | 2015-12-31 | 0.84 | 0.01 | +1.60% |
| Q3 2015 | 2015-09-30 | 0.75 | −0.03 | −3.70% |
| Q2 2015 | 2015-06-30 | 0.76 | −0.09 | −10.06% |
| Q1 2015 | 2015-03-31 | 0.73 | −0.19 | −20.63% |
| Q4 2014 | 2014-12-31 | 0.82 | −0.10 | −10.68% |
| Q3 2014 | 2014-09-30 | 0.78 | −0.05 | −5.80% |
| Q2 2014 | 2014-06-30 | 0.85 | 0.03 | +3.54% |
| Q1 2014 | 2014-03-31 | 0.92 | 0.02 | +2.29% |
| Q4 2013 | 2013-12-31 | 0.92 | 0.09 | +11.09% |
| Q3 2013 | 2013-09-30 | 0.83 | 0.12 | +16.91% |
| Q2 2013 | 2013-06-30 | 0.82 | −0.09 | −9.54% |
| Q1 2013 | 2013-03-31 | 0.90 | 0.08 | +9.57% |
| Q4 2012 | 2012-12-31 | 0.83 | −0.10 | −11.24% |
| Q3 2012 | 2012-09-30 | 0.71 | −0.27 | −27.40% |
| Q2 2012 | 2012-06-30 | 0.91 | −0.07 | −6.78% |
| Q1 2012 | 2012-03-31 | 0.82 | −0.11 | −11.97% |
| Q4 2011 | 2011-12-31 | 0.93 | 0.02 | +2.22% |
| Q3 2011 | 2011-09-30 | 0.98 | 0.98 | — |
| Q2 2011 | 2011-06-30 | 0.97 | 0.97 | — |
| Q1 2011 | 2011-03-31 | 0.93 | — | — |
| Q4 2010 | 2010-12-31 | 0.91 | 0.91 | — |
| Q3 2010 | 2010-09-30 | 0.00 | — | — |
| Q2 2010 | 2010-06-30 | 0.00 | — | — |
| Q4 2009 | 2009-12-31 | 0.00 | — | — |
Welltower debt-to-equity ratio trends
Over the last five fiscal years, Welltower's debt-to-equity ratio increased from 0.18 to 0.51, a change of 0.33. The latest reported quarter, Q1 2026, shows 0.46.
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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