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.
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 101 covered companies
CURRENT VS SECTOR MEDIAN
+42.06%
vs the sector median at left
Willis Towers Watson Public Limited Company
Market Cap
$29.69B
Debt to Equity Ratio
0.92
TTM Avg
0.83
3Y Avg
0.74
5Y Avg
0.65
Market Cap
$29.46B
Debt to Equity Ratio
0.62
TTM Avg
0.47
3Y Avg
0.55
5Y Avg
0.48
Market Cap
$30.75B
Debt to Equity Ratio
0.28
TTM Avg
0.35
3Y Avg
0.41
5Y Avg
0.41
Market Cap
$32.93B
Debt to Equity Ratio
0.00
TTM Avg
0.00
3Y Avg
0.00
5Y Avg
0.00
Market Cap
$33.46B
Debt to Equity Ratio
0.18
TTM Avg
0.12
3Y Avg
0.15
5Y Avg
0.17
Market Cap
$25.92B
Debt to Equity Ratio
0.05
TTM Avg
0.06
3Y Avg
0.07
5Y Avg
0.07
Market Cap
$33.53B
Debt to Equity Ratio
0.42
TTM Avg
0.35
3Y Avg
0.36
5Y Avg
0.39
Market Cap
$25.81B
Debt to Equity Ratio
0.28
TTM Avg
0.32
3Y Avg
0.36
5Y Avg
0.39
Market Cap
$25.60B
Debt to Equity Ratio
0.40
TTM Avg
0.31
3Y Avg
0.22
5Y Avg
0.20
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Willis Towers Watson Public Limited Company (WTW) | $29.69B | 0.92 | 0.83 | 0.74 | 0.65 |
| Citizens Financial Group, Inc. (CFG)vs › | $29.46B | 0.62 | 0.47 | 0.55 | 0.48 |
| Cboe Global Markets, Inc. (CBOE)vs › | $30.75B | 0.28 | 0.35 | 0.41 | 0.41 |
| iShares Silver Trust (SLV)vs › | $32.93B | 0.00 | 0.00 | 0.00 | 0.00 |
| Arch Capital Group Ltd. (ACGL)vs › | $33.46B | 0.18 | 0.12 | 0.15 | 0.17 |
| Cincinnati Financial Corporation (CINF)vs › | $25.92B | 0.05 | 0.06 | 0.07 | 0.07 |
| Raymond James Financial, Inc. (RJF)vs › | $33.53B | 0.42 | 0.35 | 0.36 | 0.39 |
| W. R. Berkley Corporation (WRB)vs › | $25.81B | 0.28 | 0.32 | 0.36 | 0.39 |
| Regions Financial Corporation (RF)vs › | $25.60B | 0.40 | 0.31 | 0.22 | 0.20 |
| Huntington Bancshares Incorporated (HBAN)vs › | $33.81B | 0.67 | 0.80 | 0.73 | 0.66 |
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 |