Kingsway (KWY) Debt to Equity (2011 - 2025)

Kingsway (KWY) recorded quarterly Debt to Equity of $0.83 in Q3 2025, up 15.95% quarter-over-quarter from $0.72 in Q2 2025, and down 30.33% on a YoY basis from $1.2 in Q3 2024.

Kingsway (KWY) Debt to Equity (2011 - 2025) Analysis & Trends

Kingsway's Debt to Equity history runs 15 years deep, the most recent figure standing at $0.83 for Q3 2025.

  • In Q3 2025, Debt to Equity fell 30.33% year-over-year to $0.83; the TTM figure through Sep 2025 stood at $0.83 (down 30.33% YoY), while the FY2024 annual figure was $1.59, up 188.55% from the prior year.
  • Debt to Equity was $0.83 for Q3 2025 at Kingsway, up from $0.72 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $11.67 in Q1 2022 to a low of $0.45 in Q3 2023.
  • Historically, Debt to Equity has averaged $3.26 across 5 years, with a median of $1.45 in 2022.
  • The sharpest annual moves came in 2021 and 2023: Debt to Equity soared 312.28% in 2021, then sank 95.88% in 2023.
  • A 5-year view of Debt to Equity shows it stood at $7.38 in 2021, then slumped by 43.0% to $4.21 in 2022, then slumped by 86.88% to $0.55 in 2023, then soared by 188.55% to $1.59 in 2024, then plunged by 47.66% to $0.83 in 2025.
  • The last three Debt to Equity figures came in at $0.83 (Q3 2025), $0.72 (Q2 2025), and $1.85 (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 0.14
2 Blackstone 96.85 Bn 95.80 Bn - 1.59
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn -
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 0.03
7 Northern Trust 31.92 Bn 31.92 Bn - 0.60
8 Raymond James Financial 30.62 Bn 19.37 Bn - 0.28
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Kingsway 292.55 Mn 286.27 Mn 21.51 Mn -

Historic Data

Download Data
DateValue
Sep 30, 2025 0.83
Jun 30, 2025 0.72
Mar 31, 2025 1.85
Dec 31, 2024 1.59
Sep 30, 2024 1.20
Jun 30, 2024 0.80
Mar 31, 2024 0.66
Dec 31, 2023 0.55
Sep 30, 2023 0.45
Jun 30, 2023 0.57
Mar 31, 2023 0.48
Dec 31, 2022 4.21
Sep 30, 2022 1.45
Jun 30, 2022 6.92
Mar 31, 2022 11.67
Dec 31, 2021 7.38
Sep 30, 2021 8.84
Jun 30, 2021 7.20
Mar 31, 2021 4.52
Dec 31, 2020 4.19