Eaton (ETN) Debt Ratio (2011 - 2026)
Eaton's (ETN) Debt Ratio was 0.37 for Q2 2026, up 35.1% from 0.27 a year earlier but down 4.4% from the prior quarter.
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Analysis
Eaton (ETN) Debt Ratio (2011 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Eaton was 0.24, up 0.6% from FY2024.
- By year, Debt Ratio came in at 0.24 in FY2024 (-1.1%), 0.24 in FY2023 (-2.4%), 0.25 in FY2022 (-2.0%) and 0.25 in FY2021 (-0.4%).
- Five-year quarterly Debt Ratio spans a low of 0.24 in Q1 2024 and a high of 0.38 in Q1 2026.
- Year over year, Debt Ratio has now increased in each of the last six quarters, with growth averaging 13.4% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q1 2026 (growth of 49.2%); the low point was Q2 2022 (a decline of 16.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.38 (Q1 2026), 0.24 (Q4 2025) and 0.26 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 340.33 Bn | 312.03 Bn | 7.76 Bn | 0.44 |
| 2 | Amphenol | 195.04 Bn | 189.62 Bn | 3.55 Bn | 0.42 |
| 3 | Deere | 171.72 Bn | 139.81 Bn | 4.66 Bn | 0.54 |
| 4 | Eaton | 152.74 Bn | 149.93 Bn | 2.86 Bn | 0.37 |
| 5 | Parker-Hannifin | 120.82 Bn | 118.95 Bn | 2.25 Bn | 0.28 |
| 6 | Emerson Electric | 91.30 Bn | 84.04 Bn | 2.66 Bn | 0.31 |
| 7 | 3M | 90.37 Bn | 71.82 Bn | 2.78 Bn | 0.38 |
| 8 | Vertiv Holdings | 81.71 Bn | 72.33 Bn | 1.23 Bn | 0.18 |
| 9 | Illinois Tool Works | 79.34 Bn | 75.90 Bn | 1.90 Bn | 0.59 |
| 10 | Cummins | 74.79 Bn | 70.86 Bn | 2.47 Bn | 0.21 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.37 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.24 |
| Sep 30, 2025 | 0.26 |
| Jun 30, 2025 | 0.27 |
| Mar 31, 2025 | 0.26 |
| Dec 31, 2024 | 0.24 |
| Sep 30, 2024 | 0.24 |
| Jun 30, 2024 | 0.25 |
| Mar 31, 2024 | 0.24 |
| Dec 31, 2023 | 0.24 |
| Sep 30, 2023 | 0.25 |
| Jun 30, 2023 | 0.25 |
| Mar 31, 2023 | 0.25 |
| Dec 31, 2022 | 0.25 |
| Sep 30, 2022 | 0.26 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.27 |
| Dec 31, 2021 | 0.25 |
| Sep 30, 2021 | 0.27 |
API Access
Eaton Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ETN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ETN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ETN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();