Freedom Holding (FRHC) Debt/Equity Ratio: History & Chart

Freedom Holding Corp.(FRHC)

Financial - Conglomerates · Las Vegas, NV

$174.10+0.60 (+0.35%)

Delayed quote: Oct 6, 2026, 12:40 PM EDT

About Freedom Holding Corp.

Freedom Holding Corp. operates as a diverse financial services organization, offering a broad spectrum of services through its network of subsidiaries. The company specializes in retail and corporate financial solutions, encompassing brokerage, investment analysis, advisory services, securities trading, and market making. It also extends into retail banking, corporate investment banking, and underwriting. For individual and institutional investors, the firm provides access to an extensive range of financial instruments, including equities and debt securities traded on exchanges and over-the-counter, money market products, exchange-traded options and futures, government bonds, and mutual funds. Complementing these offerings, it facilitates margin lending secured by client assets, delivers educational courses for investors, and conducts detailed investment research. The company's commercial banking operations furnish essential services such as payment cards, digital mortgage processing, and digital auto loans. Furthermore, it makes various insurance products accessible to its clientele. In the realm of corporate finance, Freedom Holding Corp. assists businesses in capital raising through initial public offerings (IPOs) and subsequent share offerings. It also crafts and distributes debt capital market solutions, supporting diverse corporate needs like acquisitions, leveraged buyouts, funding for growth, and financial restructuring. Beyond client-focused services, the company actively participates in proprietary trading and investment activities. This includes engaging in repurchase and reverse repurchase agreements, managing short positions, and settling other securities-related obligations to address customer requirements and finance its own asset holdings. Operational efficiency is enhanced by its proprietary Tradernet software platform, which plays a crucial role in assessing client margin risk and managing middle office security transfers. Headquartered in Almaty, Kazakhstan, and established in 1981, the company maintains a significant global footprint, conducting operations across Central Asia, Europe, the United States, Russia, and the Middle East/Caucasus regions. It was previously known as BMB Munai, Inc. before rebranding as Freedom Holding Corp.

Las Vegas, NV

12,100 employees

www.freedomholdingcorp.com

Financial Services / Financial - Conglomerates

Sector: Financial Services
Industry: Financial - Conglomerates
CEO: Timur Ruslanovich Turlov

View full financials

FRHC Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.82

DEBT TO EQUITY RATIO AVG TTM

1.54

DEBT TO EQUITY RATIO AVG 3Y

2.18

DEBT TO EQUITY RATIO AVG 5Y

1.98

DEBT TO EQUITY RATIO AVG 10Y

1.37

DEBT TO EQUITY RATIO AVG 15Y

1.01

DEBT TO EQUITY RATIO AVG 20Y

0.82

CURRENT VS TTM AVG

+18.03%

CURRENT VS 3Y AVG

-16.68%

CURRENT VS 5Y AVG

-8.23%

CURRENT VS 10Y AVG

+32.97%

CURRENT VS 15Y AVG

+79.72%

CURRENT VS 20Y AVG

+120.95%

SECTOR MEDIAN · FINANCIAL SERVICES

0.30

median of 614 covered companies

CURRENT VS SECTOR MEDIAN

+505.30%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Freedom Holding Corp. (FRHC)	$10.67B	1.82	1.54	2.18	1.98
Old National Bancorp (ONBPP)vs ›	$10.32B	0.98	0.86	0.94	0.93
Erie Indemnity Company (ERIE)vs ›	$10.28B	0.03	0.00	0.02	0.04
Old National Bancorp (ONBPO)vs ›	$10.21B	0.98	0.86	0.94	0.93
Popular Capital Trust II PFD GTD 6.125% (BPOPM)vs ›	$11.16B	0.25	0.24	0.28	0.26
Popular, Inc. (BPOP)vs ›	$10.13B	0.25	0.24	0.28	0.26
Hut 8 Corp. (HUT)vs ›	$10.06B	5.32	0.32	0.28	0.22
Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL)vs ›	$11.49B	0.47	0.50	0.35	0.37
FactSet Research Systems Inc. (FDS)vs ›	$9.72B	0.77	0.74	0.86	0.99
American Financial Group, Inc. (AFG)vs ›	$11.67B	0.38	0.41	0.42	0.41

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Freedom Holding Corp. (FRHC)

$10.67B

1.82

1.54

2.18

1.98

Old National Bancorp (ONBPP)vs ›

$10.32B

0.98

0.86

0.94

0.93

Erie Indemnity Company (ERIE)vs ›

$10.28B

0.03

0.00

0.02

0.04

Old National Bancorp (ONBPO)vs ›

$10.21B

0.98

0.86

0.94

0.93

$11.16B

0.25

0.24

0.28

0.26

Popular, Inc. (BPOP)vs ›

$10.13B

0.25

0.24

0.28

0.26

Hut 8 Corp. (HUT)vs ›

$10.06B

5.32

0.32

0.28

0.22

Oxford Lane Capital Corp. 6.75% Notes due 2031 (OXLCL)vs ›

$11.49B

0.47

0.50

0.35

0.37

FactSet Research Systems Inc. (FDS)vs ›

$9.72B

0.77

0.74

0.86

0.99

American Financial Group, Inc. (AFG)vs ›

$11.67B

0.38

0.41

0.42

0.41

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Freedom Holding Corp. (FRHC)?

The debt to equity ratio for FRHC stock is 1.82.

Is Freedom Holding Corp.'s debt to equity ratio high or low?

The debt to equity ratio of 1.82 is in line with its 5-year average of 1.98, around the middle of its 5-year range (1.13–3.25).

What is the TTM average debt to equity ratio for Freedom Holding Corp. (FRHC)?

The TTM average debt to equity ratio for FRHC stock is 1.54.

What is the 3Y average debt to equity ratio for Freedom Holding Corp. (FRHC)?

The 3Y average debt to equity ratio for FRHC stock is 2.18.

What is the 5Y average debt to equity ratio for Freedom Holding Corp. (FRHC)?

The 5Y average debt to equity ratio for FRHC stock is 1.98.

What is the 10Y average debt to equity ratio for Freedom Holding Corp. (FRHC)?

The 10Y average debt to equity ratio for FRHC stock is 1.37.

What is the 15Y average debt to equity ratio for Freedom Holding Corp. (FRHC)?

The 15Y average debt to equity ratio for FRHC stock is 1.01.

What is the 20Y average debt to equity ratio for Freedom Holding Corp. (FRHC)?

The 20Y average debt to equity ratio for FRHC stock is 0.82.

DATE	DEBT TO EQUITY RATIO
2026-06-30	1.82
2026-03-31	1.57
2025-12-31	1.56
2025-09-30	1.30
2025-06-30	1.45
2025-03-31	1.61
2024-12-31	2.15
2024-09-30	2.29
2024-06-30	2.49
2024-03-31	2.64
2023-12-31	3.08
2023-09-30	3.13
2023-06-30	3.25
2023-03-31	2.07
2022-12-31	1.87
2022-09-30	1.67
2022-06-30	1.91
2022-03-31	1.60
2021-12-31	1.41
2021-09-30	1.13
2021-06-30	1.56
2021-03-31	1.49
2020-12-31	1.01
2020-09-30	1.48
2020-06-30	0.86
2020-03-31	1.03
2019-12-31	0.80
2019-09-30	0.85
2019-06-30	0.81
2019-03-31	0.90
2018-12-31	0.89
2018-09-30	0.95
2018-06-30	1.32
2018-03-31	1.36
2017-12-31	1.73
2017-09-30	1.65
2017-06-30	1.29
2017-03-31	1.36
2016-12-31	0.00
2016-09-30	0.00
2016-06-30	0.00
2016-03-31	0.00
2015-12-31	0.00
2015-09-30	0.00
2015-06-30	0.00
2015-03-31	0.00
2014-12-31	0.00
2014-09-30	0.00
2014-06-30	0.00
2014-03-31	0.00
2013-12-31	0.00
2013-09-30	0.00
2013-06-30	0.00
2013-03-31	0.00
2012-12-31	0.00
2012-09-30	0.00
2012-06-30	0.00
2012-03-31	0.00
2011-12-31	0.00
2011-09-30	0.00
2011-06-30	0.28
2011-03-31	0.28
2010-12-31	0.29
2010-09-30	0.30
2010-06-30	0.30
2010-03-31	0.30
2009-12-31	0.30
2009-09-30	0.30
2009-06-30	0.31
2009-03-31	0.34
2008-12-31	0.33
2008-09-30	0.32
2008-06-30	0.33
2008-03-31	0.38
2007-12-31	0.42
2007-09-30	0.44
2007-06-30	0.00
2007-03-31	0.00
2006-12-31	0.00
2006-09-30	0.00
2006-06-30	0.00
2006-03-31	0.00
2005-12-31	0.00
2005-09-30	0.00
2005-06-30	0.00
2005-03-31	0.00
2004-12-31	0.14
2004-09-30	0.13
2004-06-30	0.55
2004-03-31	0.00
2003-12-31	0.50
2003-09-30	0.00
2003-06-30	0.00
2003-03-31	0.00
2002-12-31	0.00
2002-09-30	0.00

DATE

DEBT TO EQUITY RATIO

2026-06-30

1.82

2026-03-31

1.57

2025-12-31

1.56

2025-09-30

1.30

2025-06-30

1.45

2025-03-31

1.61

2024-12-31

2.15

2024-09-30

2.29

2024-06-30

2.49

2024-03-31

2.64

2023-12-31

3.08

2023-09-30

3.13

2023-06-30

3.25

2023-03-31

2.07

2022-12-31

1.87

2022-09-30

1.67

2022-06-30

1.91

2022-03-31

1.60

2021-12-31

1.41

2021-09-30

1.13

2021-06-30

1.56

2021-03-31

1.49

2020-12-31

1.01

2020-09-30

1.48

2020-06-30

0.86

2020-03-31

1.03

2019-12-31

0.80

2019-09-30

0.85

2019-06-30

0.81

2019-03-31

0.90

2018-12-31

0.89

2018-09-30

0.95

2018-06-30

1.32

2018-03-31

1.36

2017-12-31

1.73

2017-09-30

1.65

2017-06-30

1.29

2017-03-31

1.36

2016-12-31

0.00

2016-09-30

0.00

2016-06-30

0.00

2016-03-31

0.00

2015-12-31

0.00

2015-09-30

0.00

2015-06-30

0.00

2015-03-31

0.00

2014-12-31

0.00

2014-09-30

0.00

2014-06-30

0.00

2014-03-31

0.00

2013-12-31

0.00

2013-09-30

0.00

2013-06-30

0.00

2013-03-31

0.00

2012-12-31

0.00

2012-09-30

0.00

2012-06-30

0.00

2012-03-31

0.00

2011-12-31

0.00

2011-09-30

0.00

2011-06-30

0.28

2011-03-31

0.28

2010-12-31

0.29

2010-09-30

0.30

2010-06-30

0.30

2010-03-31

0.30

2009-12-31

0.30

2009-09-30

0.30

2009-06-30

0.31

2009-03-31

0.34

2008-12-31

0.33

2008-09-30

0.32

2008-06-30

0.33

2008-03-31

0.38

2007-12-31

0.42

2007-09-30

0.44

2007-06-30

0.00

2007-03-31

0.00

2006-12-31

0.00

2006-09-30

0.00

2006-06-30

0.00

2006-03-31

0.00

2005-12-31

0.00

2005-09-30

0.00

2005-06-30

0.00

2005-03-31

0.00

2004-12-31

0.14

2004-09-30

0.13

2004-06-30

0.55

2004-03-31

0.00

2003-12-31

0.50

2003-09-30

0.00

2003-06-30

0.00

2003-03-31

0.00

2002-12-31

0.00

2002-09-30

0.00

Debt to Equity Ratio: 1.82

FRHC Debt to Equity Ratio

FRHC Average Debt to Equity Ratio Chart

FRHC Current vs Average Debt to Equity Ratio Chart

FRHC Debt to Equity Ratio Metrics

FRHC Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

FRHC Debt to Equity Ratio History

Related Metrics