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 0.92 is 41% above its 5-year average of 0.65, near the high end of its 5-year range (0.41–0.92).
As of the fiscal period ended Tuesday, June 30, 2026. 11.21% above its 12-month average of 0.83.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.92.
DEBT TO EQUITY RATIO
0.92
DEBT TO EQUITY RATIO AVG TTM
0.83
DEBT TO EQUITY RATIO AVG 3Y
0.74
DEBT TO EQUITY RATIO AVG 5Y
0.65
DEBT TO EQUITY RATIO AVG 10Y
0.59
DEBT TO EQUITY RATIO AVG 15Y
0.74
DEBT TO EQUITY RATIO AVG 20Y
0.80
CURRENT VS TTM AVG
+11.21%
CURRENT VS 3Y AVG
+24.35%
CURRENT VS 5Y AVG
+40.98%
CURRENT VS 10Y AVG
+57.04%
CURRENT VS 15Y AVG
+25.07%
CURRENT VS 20Y AVG
+14.87%
SECTOR MEDIAN · FINANCIAL SERVICES
0.65
median of 102 covered companies
CURRENT VS SECTOR MEDIAN
+42.06%
vs the sector median at left
Willis Towers Watson Public Limited Company
Market Cap
$29.31B
Debt to Equity Ratio
0.92
TTM Avg
0.83
3Y Avg
0.74
5Y Avg
0.65
Market Cap
$29.41B
Debt to Equity Ratio
0.28
TTM Avg
0.35
3Y Avg
0.41
5Y Avg
0.41
Market Cap
$29.80B
Debt to Equity Ratio
0.62
TTM Avg
0.47
3Y Avg
0.55
5Y Avg
0.48
Market Cap
$31.28B
Debt to Equity Ratio
0.00
TTM Avg
0.00
3Y Avg
0.00
5Y Avg
0.00
Market Cap
$26.06B
Debt to Equity Ratio
0.05
TTM Avg
0.06
3Y Avg
0.07
5Y Avg
0.07
Market Cap
$26.02B
Debt to Equity Ratio
0.28
TTM Avg
0.32
3Y Avg
0.36
5Y Avg
0.39
Market Cap
$25.71B
Debt to Equity Ratio
0.40
TTM Avg
0.31
3Y Avg
0.22
5Y Avg
0.20
Market Cap
$33.32B
Debt to Equity Ratio
0.42
TTM Avg
0.35
3Y Avg
0.36
5Y Avg
0.39
Market Cap
$33.57B
Debt to Equity Ratio
0.18
TTM Avg
0.12
3Y Avg
0.15
5Y Avg
0.17
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Willis Towers Watson Public Limited Company (WTW) | $29.31B | 0.92 | 0.83 | 0.74 | 0.65 |
| Cboe Global Markets, Inc. (CBOE)vs › | $29.41B | 0.28 | 0.35 | 0.41 | 0.41 |
| Citizens Financial Group, Inc. (CFG)vs › | $29.80B | 0.62 | 0.47 | 0.55 | 0.48 |
| iShares Silver Trust (SLV)vs › | $31.28B | 0.00 | 0.00 | 0.00 | 0.00 |
| Cincinnati Financial Corporation (CINF)vs › | $26.06B | 0.05 | 0.06 | 0.07 | 0.07 |
| W. R. Berkley Corporation (WRB)vs › | $26.02B | 0.28 | 0.32 | 0.36 | 0.39 |
| Regions Financial Corporation (RF)vs › | $25.71B | 0.40 | 0.31 | 0.22 | 0.20 |
| Raymond James Financial, Inc. (RJF)vs › | $33.32B | 0.42 | 0.35 | 0.36 | 0.39 |
| Arch Capital Group Ltd. (ACGL)vs › | $33.57B | 0.18 | 0.12 | 0.15 | 0.17 |
| Principal Financial Group, Inc. (PFG)vs › | $24.87B | 0.36 | 0.35 | 0.37 | 0.34 |
Debt/Equity
0.92
Current Ratio
1.10
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 | 0.92 |
| 2026-03-31 | 0.87 |
| 2025-12-31 | 0.87 |
| 2025-09-30 | 0.76 |
| 2025-06-30 | 0.73 |
| 2025-03-31 | 0.73 |
| 2024-12-31 | 0.75 |
| 2024-09-30 | 0.80 |
| 2024-06-30 | 0.64 |
| 2024-03-31 | 0.70 |
| 2023-12-31 | 0.62 |
| 2023-09-30 | 0.63 |
| 2023-06-30 | 0.63 |
| 2023-03-31 | 0.54 |
| 2022-12-31 | 0.55 |
| 2022-09-30 | 0.56 |
| 2022-06-30 | 0.53 |
| 2022-03-31 | 0.49 |
| 2021-12-31 | 0.41 |
| 2021-09-30 | 0.49 |
| 2021-06-30 | 0.52 |
| 2021-03-31 | 0.53 |
| 2020-12-31 | 0.62 |
| 2020-09-30 | 0.63 |
| 2020-06-30 | 0.64 |
| 2020-03-31 | 0.68 |
| 2019-12-31 | 0.66 |
| 2019-09-30 | 0.71 |
| 2019-06-30 | 0.55 |
| 2019-03-31 | 0.58 |
| 2018-12-31 | 0.48 |
| 2018-09-30 | 0.48 |
| 2018-06-30 | 0.47 |
| 2018-03-31 | 0.43 |
| 2017-12-31 | 0.46 |
| 2017-09-30 | 0.48 |
| 2017-06-30 | 0.42 |
| 2017-03-31 | 0.40 |
| 2016-12-31 | 0.40 |
| 2016-09-30 | 0.36 |
| 2016-06-30 | 0.36 |
| 2016-03-31 | 0.37 |
| 2015-12-31 | 1.55 |
| 2015-09-30 | 1.14 |
| 2015-06-30 | 1.12 |
| 2015-03-31 | 1.07 |
| 2014-12-31 | 1.24 |
| 2014-09-30 | 1.10 |
| 2014-06-30 | 1.02 |
| 2014-03-31 | 1.03 |
| 2013-12-31 | 1.13 |
| 2013-09-30 | 1.25 |
| 2013-06-30 | 1.28 |
| 2013-03-31 | 1.39 |
| 2012-12-31 | 1.49 |
| 2012-09-30 | 0.90 |
| 2012-06-30 | 0.91 |
| 2012-03-31 | 0.92 |
| 2011-12-31 | 1.02 |
| 2011-09-30 | 0.90 |
| 2011-06-30 | 0.89 |
| 2011-03-31 | 0.98 |
| 2010-12-31 | 0.88 |
| 2010-09-30 | 0.94 |
| 2010-06-30 | 0.98 |
| 2010-03-31 | 1.02 |
| 2009-12-31 | 1.09 |
| 2009-09-30 | 1.21 |
| 2009-06-30 | 1.18 |
| 2009-03-31 | 1.31 |
| 2008-12-31 | 1.44 |
| 2008-09-30 | 0.98 |
| 2008-06-30 | 1.01 |
| 2008-03-31 | 0.98 |
| 2007-12-31 | 0.93 |
| 2007-09-30 | 0.93 |
| 2007-06-30 | 0.98 |
| 2007-03-31 | 1.05 |
| 2006-12-31 | 0.55 |
| 2006-09-30 | 0.43 |
| 2006-06-30 | 0.42 |
| 2006-03-31 | 0.44 |
| 2005-12-31 | 0.48 |
| 2005-09-30 | 0.47 |
| 2005-06-30 | 0.32 |
| 2005-03-31 | 0.30 |
| 2004-12-31 | 0.32 |
| 2004-09-30 | 0.34 |
| 2004-06-30 | 0.33 |
| 2004-03-31 | 0.22 |
| 2003-12-31 | 0.28 |
| 2003-09-30 | 0.39 |
| 2003-06-30 | 0.47 |
| 2003-03-31 | 0.51 |
| 2002-12-31 | 0.66 |
| 2002-09-30 | 0.70 |