Freedom Holding (FRHC) Debt to Equity (2017 - 2025)
Freedom Holding recorded quarterly Debt to Equity of $0.77 in Q4 2025, up 16.77% quarter-over-quarter from $0.66 in Q3 2025, and down 55.74% year-over-year from $1.74 in Q4 2024.
Freedom Holding's Debt to Equity history runs 9 years deep, the most recent figure standing at $0.77 for Q4 2025.
- In Q4 2025, Debt to Equity fell 55.74% year-over-year to $0.77; the TTM figure through Dec 2025 stood at $0.77 (down 55.74% YoY), while the FY2025 annual figure was $0.39, up 68.84% from the prior year.
- Debt to Equity came in at $0.77 for Q4 2025 at Freedom Holding, up from $0.66 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $3.11 in Q2 2023 to a low of $0.07 in Q3 2023.
- A 5-year average of $1.15 and a median of $1.13 in 2021 frame the typical range for Debt to Equity.
- Across the five-year window, Debt to Equity sank 95.43% in 2023 and surged 2734.11% in 2024, its largest moves.
- Freedom Holding's Debt to Equity stood at $1.06 in 2021, then surged by 70.46% to $1.81 in 2022, then slumped by 85.83% to $0.26 in 2023, then soared by 579.8% to $1.74 in 2024, then tumbled by 55.74% to $0.77 in 2025.
- According to Business Quant data, Debt to Equity over the past three periods registered $0.77, $0.66, and $0.55 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Freedom Holding | 8.88 Bn | 8.01 Bn | 603.27 Mn | 0.77 |
| 2 | Voya Financial | 7.67 Bn | 9.49 Bn | 1.47 Bn | 0.39 |
| 3 | Hilltop Holdings | 2.21 Bn | 2.24 Bn | -2.46 Mn | 0.46 |
| 4 | LendingTree | 507.89 Mn | 422.38 Mn | 88.70 Mn | 1.28 |
| 5 | BRC Group Holdings | 323.63 Mn | 380.44 Mn | 319.70 Mn | 15.29 |
| 6 | Orix | - | - | 5.07 Bn | 1.30 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.77 |
| Sep 30, 2025 | 0.66 |
| Jun 30, 2025 | 0.55 |
| Mar 31, 2025 | 0.39 |
| Dec 31, 2024 | 1.74 |
| Sep 30, 2024 | 2.05 |
| Jun 30, 2024 | 0.23 |
| Mar 31, 2024 | 0.23 |
| Dec 31, 2023 | 0.26 |
| Sep 30, 2023 | 0.07 |
| Jun 30, 2023 | 3.11 |
| Mar 31, 2023 | 1.97 |
| Dec 31, 2022 | 1.81 |
| Sep 30, 2022 | 1.58 |
| Jun 30, 2022 | 1.64 |
| Mar 31, 2022 | 1.54 |
| Dec 31, 2021 | 1.06 |
| Sep 30, 2021 | 0.99 |
| Jun 30, 2021 | 1.19 |
| Mar 31, 2021 | 1.22 |
| Dec 25, 2020 | 0.14 |
| Sep 30, 2020 | 1.04 |
| Jun 30, 2020 | 0.36 |
| Mar 31, 2020 | 0.97 |
| Dec 31, 2019 | 0.27 |
| Sep 30, 2019 | 0.20 |
| Jun 30, 2019 | 0.23 |
| Mar 31, 2019 | 0.87 |
| Dec 31, 2018 | 0.85 |
| Sep 30, 2018 | 0.92 |
| Jun 30, 2018 | 1.20 |
| Mar 31, 2018 | 1.30 |
| Dec 31, 2017 | 1.73 |
| Sep 30, 2017 | 1.65 |
| Jun 30, 2017 | 1.29 |
| Mar 31, 2017 | 1.36 |