Solvency & Leverage snapshot
Microsoft Corporation's debt to equity was 0.26 in FY2025, compared with 0.29 in FY2024. On a trailing-twelve-month basis it was 0.25 as of Q3 FY26. Leverage and solvency ratios measure how much a company relies on debt and its ability to service that debt.
Debt to equity (latest FY)
0.26
Debt to equity (TTM)
0.25
Debt to assets (latest FY)
0.14
Net debt / EBITDA (latest FY)
0.46
Microsoft Corporation Debt to equity
Solvency & Leverage vs. related metrics
Microsoft Corporation Solvency & Leverage — by fiscal year
| Fiscal year | Debt to equity | Debt to assets | Net debt / EBITDA |
|---|---|---|---|
| FY2025 | 0.26 | 0.14 | 0.46 |
| FY2024 | 0.29 | 0.15 | 0.55 |
| FY2023 | 0.31 | 0.16 | 0.33 |
| FY2022 | 0.39 | 0.18 | 0.61 |
| FY2021 | 0.50 | 0.21 | 0.81 |
| FY2020 | 0.62 | 0.24 | 1.12 |
| FY2019 | 0.77 | 0.27 | 1.57 |
| FY2018 | 0.97 | 0.31 | 1.96 |
| FY2017 | 1.12 | 0.39 | 3.11 |
| FY2016 | 0.80 | 0.34 | 2.30 |
| FY2015 | 0.50 | 0.23 | 1.91 |
| FY2014 | 0.27 | 0.14 | 0.58 |
| FY2013 | 0.20 | 0.11 | 0.44 |
| FY2012 | 0.18 | 0.10 | 0.23 |
| FY2011 | 0.21 | 0.11 | 0.09 |
| FY2010 | 0.15 | 0.08 | 0.06 |
| FY2009 | 0.15 | 0.07 | -0.02 |
| FY2008 | — | — | — |
| FY2007 | — | — | — |
By quarter (trailing-twelve-month basis)
| Quarter | Debt to equity | Debt to assets | Net debt / EBITDA |
|---|---|---|---|
| Q3 FY26 | 0.25 | 0.15 | 0.48 |
| Q2 FY26 | 0.26 | 0.15 | 0.53 |
| Q1 FY26 | 0.27 | 0.15 | 0.51 |
| Q4 FY25 | 0.26 | 0.14 | 0.46 |
| Q3 FY25 | 0.26 | 0.15 | 0.44 |
| Q2 FY25 | 0.27 | 0.15 | 0.54 |
| Q1 FY25 | 0.27 | 0.15 | 0.49 |
| Q4 FY24 | 0.29 | 0.15 | 0.55 |
| Q3 FY24 | 0.35 | 0.18 | 0.65 |
| Q2 FY24 | 0.40 | 0.20 | 0.77 |
| Q1 FY24 | 0.41 | 0.20 | 0.10 |
| Q4 FY23 | 0.31 | 0.16 | 0.33 |
Figures normalized from SEC filings. See the full Microsoft Corporation ratios & metrics.