TPG RE Finance Trust (TRTX) Debt Ratio (2016 - 2026)
TPG RE Finance Trust's (TRTX) Debt Ratio stood at 0.01 in Q2 2026, down 98.9% from 0.59 a year earlier and down 98.8% from the prior quarter.
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Analysis
TPG RE Finance Trust (TRTX) Debt Ratio (2016 - 2026) Analysis & Trends
Starting with Q4 2016, TPG RE Finance Trust's Debt Ratio history includes 37 quarters.
- Across earlier years, Debt Ratio came in at 0.45 in FY2024 (-0.8%), 0.45 in FY2023 (+2.8%), 0.44 in FY2022 (-9.4%) and 0.49 in FY2021 (+31.2%).
- The Q2 2026 figure is the lowest quarterly Debt Ratio in data going back to Q4 2016.
- On a year-over-year basis, Debt Ratio has declined for three consecutive quarters, with an average decline of 17.3% over the last eight quarters.
- Peak year-over-year performance for Debt Ratio in the last five years was growth of 43.3% in Q3 2021, against a decline of 98.9% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.57 (Q1 2026), 0.01 (Q4 2025) and 0.55 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 0.27 |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 0.35 |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 0.45 |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 0.21 |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 0.06 |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 0.04 |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 0.24 |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | TPG RE Finance Trust | 481.93 Mn | 89.70 Mn | - | 0.01 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.01 |
| Mar 31, 2026 | 0.57 |
| Dec 31, 2025 | 0.01 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.59 |
| Mar 31, 2025 | 0.63 |
| Dec 31, 2024 | 0.45 |
| Sep 30, 2024 | 0.47 |
| Jun 30, 2024 | 0.50 |
| Mar 31, 2024 | 0.49 |
| Dec 31, 2023 | 0.45 |
| Sep 30, 2023 | 0.44 |
| Jun 30, 2023 | 0.43 |
| Mar 31, 2023 | 0.41 |
| Dec 31, 2022 | 0.44 |
| Sep 30, 2022 | 0.43 |
| Jun 30, 2022 | 0.49 |
| Mar 31, 2022 | 0.51 |
| Dec 31, 2021 | 0.49 |
| Sep 30, 2021 | 0.53 |
API Access
TPG RE Finance Trust 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=TRTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TRTX", "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=TRTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();