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 -9.21 is 17% below its 5-year average of -7.85, around the middle of its 5-year range (-22.20–8.67).
As of the fiscal period ended Tuesday, June 30, 2026. 10.93% below its 12-month average of -8.30.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): -9.21.
DEBT TO EQUITY RATIO
-9.21
DEBT TO EQUITY RATIO AVG TTM
-8.30
DEBT TO EQUITY RATIO AVG 3Y
-7.85
DEBT TO EQUITY RATIO AVG 5Y
-7.85
DEBT TO EQUITY RATIO AVG 10Y
-2.22
DEBT TO EQUITY RATIO AVG 15Y
-0.53
DEBT TO EQUITY RATIO AVG 20Y
2.66
CURRENT VS TTM AVG
-10.93%
CURRENT VS 3Y AVG
-17.31%
CURRENT VS 5Y AVG
-17.38%
CURRENT VS 10Y AVG
-315.18%
CURRENT VS 15Y AVG
-1654.47%
CURRENT VS 20Y AVG
-445.92%
SECTOR MEDIAN · CONSUMER DEFENSIVE
1.05
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
-977.31%
vs the sector median at left
Altria Group, Inc.
Market Cap
$115.23B
Debt to Equity Ratio
-9.21
TTM Avg
-8.30
3Y Avg
-7.85
5Y Avg
-7.85
Market Cap
$119.05B
Debt to Equity Ratio
0.72
TTM Avg
0.73
3Y Avg
0.70
5Y Avg
0.68
Market Cap
$84.82B
Debt to Equity Ratio
0.00
TTM Avg
0.03
3Y Avg
0.01
5Y Avg
0.01
Market Cap
$79.57B
Debt to Equity Ratio
0.83
TTM Avg
0.78
3Y Avg
0.78
5Y Avg
0.76
Market Cap
$153.62B
Debt to Equity Ratio
0.77
TTM Avg
0.88
3Y Avg
0.95
5Y Avg
1.09
Market Cap
$69.91B
Debt to Equity Ratio
33.29
TTM Avg
94.04
3Y Avg
56.52
5Y Avg
41.67
Market Cap
$45.49B
Debt to Equity Ratio
1.47
TTM Avg
1.35
3Y Avg
1.43
5Y Avg
1.46
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Altria Group, Inc. (MO) | $115.23B | -9.21 | -8.30 | -7.85 | -7.85 |
| British American Tobacco p.l.c. (BTI)vs › | $119.05B | 0.72 | 0.73 | 0.70 | 0.68 |
| Monster Beverage Corporation (MNST)vs › | $84.82B | 0.00 | 0.03 | 0.01 | 0.01 |
| Mondelez International, Inc. (MDLZ)vs › | $79.57B | 0.83 | 0.78 | 0.78 | 0.76 |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $153.62B | 0.77 | 0.88 | 0.95 | 1.09 |
| Target Corporation (TGT)vs › | $71.10B | 1.05 | 1.31 | 1.36 | 1.41 |
| Colgate-Palmolive Company (CL)vs › | $69.91B | 33.29 | 94.04 | 56.52 | 41.67 |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $45.49B | 1.47 | 1.35 | 1.43 | 1.46 |
| PepsiCo, Inc. (PEP)vs › | $186.61B | 2.41 | 2.47 | 2.42 | 2.59 |
| Keurig Dr Pepper Inc. (KDP)vs › | $42.83B | 1.37 | 0.67 | 0.61 | 0.60 |
Debt/Equity
-9.21
Current Ratio
0.44
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 | -9.21 |
| 2026-03-31 | -7.66 |
| 2025-12-31 | -7.34 |
| 2025-09-30 | -9.71 |
| 2025-06-30 | -7.59 |
| 2025-03-31 | -7.42 |
| 2024-12-31 | -11.14 |
| 2024-09-30 | -7.25 |
| 2024-06-30 | -8.30 |
| 2024-03-31 | -4.90 |
| 2023-12-31 | -7.41 |
| 2023-09-30 | -7.37 |
| 2023-06-30 | -7.11 |
| 2023-03-31 | -6.55 |
| 2022-12-31 | -6.72 |
| 2022-09-30 | -6.21 |
| 2022-06-30 | -11.52 |
| 2022-03-31 | -15.86 |
| 2021-12-31 | -17.46 |
| 2021-09-30 | -22.20 |
| 2021-06-30 | 8.67 |
| 2021-03-31 | 10.19 |
| 2020-12-31 | 10.38 |
| 2020-09-30 | 9.21 |
| 2020-06-30 | 5.11 |
| 2020-03-31 | 4.58 |
| 2019-12-31 | 4.51 |
| 2019-09-30 | 2.65 |
| 2019-06-30 | 2.02 |
| 2019-03-31 | 2.07 |
| 2018-12-31 | 1.74 |
| 2018-09-30 | 0.90 |
| 2018-06-30 | 0.88 |
| 2018-03-31 | 0.90 |
| 2017-12-31 | 0.90 |
| 2017-09-30 | 1.14 |
| 2017-06-30 | 1.12 |
| 2017-03-31 | 1.13 |
| 2016-12-31 | 1.09 |
| 2016-09-30 | 4.71 |
| 2016-06-30 | 4.09 |
| 2016-03-31 | 4.68 |
| 2015-12-31 | 4.50 |
| 2015-09-30 | 4.48 |
| 2015-06-30 | 5.01 |
| 2015-03-31 | 5.49 |
| 2014-12-31 | 4.88 |
| 2014-09-30 | 3.26 |
| 2014-06-30 | 3.18 |
| 2014-03-31 | 3.40 |
| 2013-12-31 | 3.53 |
| 2013-09-30 | 3.74 |
| 2013-06-30 | 4.21 |
| 2013-03-31 | 3.89 |
| 2012-12-31 | 4.42 |
| 2012-09-30 | 3.59 |
| 2012-06-30 | 3.20 |
| 2012-03-31 | 3.70 |
| 2011-12-31 | 3.72 |
| 2011-09-30 | 3.10 |
| 2011-06-30 | 2.95 |
| 2011-03-31 | 2.24 |
| 2010-12-31 | 2.35 |
| 2010-09-30 | 2.37 |
| 2010-06-30 | 2.69 |
| 2010-03-31 | 2.85 |
| 2009-12-31 | 2.94 |
| 2009-09-30 | 3.21 |
| 2009-06-30 | 3.69 |
| 2009-03-31 | 4.92 |
| 2008-12-31 | 2.64 |
| 2008-09-30 | 0.21 |
| 2008-06-30 | 0.68 |
| 2008-03-31 | 0.43 |
| 2007-12-31 | 0.60 |
| 2007-09-30 | 0.47 |
| 2007-06-30 | 0.51 |
| 2007-03-31 | 0.59 |
| 2006-12-31 | 0.47 |
| 2006-09-30 | 0.48 |
| 2006-06-30 | 0.54 |
| 2006-03-31 | 0.61 |
| 2005-12-31 | 0.68 |
| 2005-09-30 | 0.72 |
| 2005-06-30 | 0.83 |
| 2005-03-31 | 0.78 |
| 2004-12-31 | 0.75 |
| 2004-09-30 | 0.82 |
| 2004-06-30 | 0.90 |
| 2004-03-31 | 0.95 |
| 2003-12-31 | 0.98 |
| 2003-09-30 | 1.17 |
| 2003-06-30 | 1.28 |
| 2003-03-31 | 1.23 |
| 2002-12-31 | 1.20 |
| 2002-09-30 | 0.92 |
