Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 38.54 is 437% above its 5-year average of 7.18, near the high end of its 5-year range (4.98–38.54).
As of the fiscal period ended Tuesday, June 30, 2026. 103.87% above its 12-month average of 18.91.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 38.54.
DEBT TO EQUITY RATIO
38.54
DEBT TO EQUITY RATIO AVG TTM
18.91
DEBT TO EQUITY RATIO AVG 3Y
8.14
DEBT TO EQUITY RATIO AVG 5Y
7.18
DEBT TO EQUITY RATIO AVG 10Y
7.29
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+103.87%
CURRENT VS 3Y AVG
+373.28%
CURRENT VS 5Y AVG
+437.03%
CURRENT VS 10Y AVG
+428.87%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
0.47
median of 460 covered companies
CURRENT VS SECTOR MEDIAN
+8100.88%
vs the sector median at left
Frontier Group Holdings, Inc.
Market Cap
$1.44B
Debt to Equity Ratio
38.54
TTM Avg
18.91
3Y Avg
8.14
5Y Avg
7.18
Market Cap
$1.38B
Debt to Equity Ratio
0.65
TTM Avg
0.67
3Y Avg
0.72
5Y Avg
1.38
Market Cap
$1.50B
Debt to Equity Ratio
0.54
TTM Avg
0.58
3Y Avg
0.69
5Y Avg
0.71
Market Cap
$1.52B
Debt to Equity Ratio
5.91
TTM Avg
4.15
3Y Avg
2.83
5Y Avg
2.33
Market Cap
$1.54B
Debt to Equity Ratio
0.01
TTM Avg
0.01
3Y Avg
0.02
5Y Avg
0.03
Market Cap
$1.31B
Debt to Equity Ratio
0.03
TTM Avg
0.03
3Y Avg
0.03
5Y Avg
0.04
Market Cap
$1.62B
Debt to Equity Ratio
1.29
TTM Avg
1.28
3Y Avg
1.09
5Y Avg
0.99
Market Cap
$1.23B
Debt to Equity Ratio
1.89
TTM Avg
1.79
3Y Avg
1.77
5Y Avg
1.75
Market Cap
$1.65B
Debt to Equity Ratio
0.18
TTM Avg
0.21
3Y Avg
0.19
5Y Avg
0.27
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Frontier Group Holdings, Inc. (ULCC) | $1.44B | 38.54 | 18.91 | 8.14 | 7.18 |
| Hillman Solutions Corp. (HLMN)vs › | $1.38B | 0.65 | 0.67 | 0.72 | 1.38 |
| ICF International, Inc. (ICFI)vs › | $1.50B | 0.54 | 0.58 | 0.69 | 0.71 |
| JetBlue Airways Corporation (JBLU)vs › | $1.52B | 5.91 | 4.15 | 2.83 | 2.33 |
| American Superconductor Corporation (AMSC)vs › | $1.54B | 0.01 | 0.01 | 0.02 | 0.03 |
| Napco Security Technologies, Inc. (NSSC)vs › | $1.31B | 0.03 | 0.03 | 0.03 | 0.04 |
| Distribution Solutions Group, Inc. (DSGR)vs › | $1.62B | 1.29 | 1.28 | 1.09 | 0.99 |
| Capital Clean Energy Carriers Corp. (CCEC)vs › | $1.23B | 1.89 | 1.79 | 1.77 | 1.75 |
| FuelCell Energy, Inc. (FCEL)vs › | $1.65B | 0.18 | 0.21 | 0.19 | 0.27 |
| Gibraltar Industries, Inc. (ROCK)vs › | $1.21B | 1.54 | 0.07 | 0.09 | 0.09 |
Debt/Equity
38.54
Current Ratio
0.58
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 38.54 |
| 2026-03-31 | 23.64 |
| 2025-12-31 | 11.13 |
| 2025-09-30 | 11.59 |
| 2025-06-30 | 9.62 |
| 2025-03-31 | 8.41 |
| 2024-12-31 | 7.40 |
| 2024-09-30 | 7.70 |
| 2024-06-30 | 7.83 |
| 2024-03-31 | 7.47 |
| 2023-12-31 | 6.82 |
| 2023-09-30 | 6.17 |
| 2023-06-30 | 5.45 |
| 2023-03-31 | 6.28 |
| 2022-12-31 | 5.75 |
| 2022-09-30 | 6.08 |
| 2022-06-30 | 6.52 |
| 2022-03-31 | 6.75 |
| 2021-12-31 | 5.38 |
| 2021-09-30 | 4.98 |
| 2021-06-30 | 5.04 |
| 2021-03-31 | 12.13 |
| 2020-12-31 | 8.43 |
| 2020-09-30 | 6.08 |
| 2020-06-30 | 0.00 |
| 2020-03-31 | 0.00 |
| 2019-12-31 | 4.62 |
| 2017-03-31 | 0.81 |
| 2016-03-31 | 0.00 |
