Upay (UPYY) Debt to Equity (2021 - 2025)
Upay recorded quarterly Debt to Equity of -$0.13 in Q4 2025, down 11.47% quarter-over-quarter from -$0.12 in Q3 2025, and up 39.69% year-over-year from -$0.09 in Q4 2024.
Upay's Debt to Equity history runs 5 years deep, the most recent figure standing at -$0.13 for Q4 2025.
- In Q4 2025, Debt to Equity rose 39.69% year-over-year to -$0.13; the TTM figure through Nov 2025 stood at -$0.13 (up 39.69% YoY), while the FY2025 annual figure was -$0.16, up 45.65% from the prior year.
- Debt to Equity came in at -$0.13 for Q4 2025 at Upay, down from -$0.12 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $3.33 in Q4 2021 to a low of -$0.58 in Q4 2023.
- A 5-year average of $0.22 and a median of -$0.23 in 2024 frame the typical range for Debt to Equity.
- Across the five-year window, Debt to Equity plunged 149.6% in 2022 and jumped 63.47% in 2024, its largest moves.
- Upay's Debt to Equity stood at $3.33 in 2021, then sank by 110.84% to -$0.36 in 2022, then plunged by 61.45% to -$0.58 in 2023, then surged by 63.47% to -$0.21 in 2024, then soared by 39.69% to -$0.13 in 2025.
- According to Business Quant data, Debt to Equity over the past three periods registered -$0.13, -$0.12, and -$0.13 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 0.13 |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 0.24 |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 0.42 |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | - |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | - |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 0.44 |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 0.07 |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 0.63 |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 0.30 |
| 10 | Upay | - | - | 130,043.00 | -0.13 |
Historic Data
Download Data| Date | Value |
|---|---|
| Nov 30, 2025 | -0.13 |
| Aug 31, 2025 | -0.12 |
| May 31, 2025 | -0.13 |
| Feb 28, 2025 | -0.16 |
| Nov 30, 2024 | -0.21 |
| Aug 31, 2024 | -0.24 |
| May 31, 2024 | -0.24 |
| Feb 29, 2024 | -0.30 |
| Nov 30, 2023 | -0.58 |
| Aug 31, 2023 | -0.43 |
| May 31, 2023 | -0.19 |
| Feb 28, 2023 | -0.28 |
| Nov 30, 2022 | -0.36 |
| Aug 31, 2022 | -0.33 |
| May 31, 2022 | -0.30 |
| Feb 28, 2022 | -0.58 |
| Nov 30, 2021 | 3.33 |
| Aug 31, 2021 | 2.74 |
| May 31, 2021 | 1.82 |
| Feb 28, 2021 | 1.16 |