Stock Analysis on Net
Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Analysis of Solvency Ratios
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

Walt Disney Co., solvency ratios (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021
Debt Ratios
Debt to equity 0.42 0.44 0.43 0.38 0.39 0.41 0.44 0.45 0.47 0.47 0.47 0.47 0.48 0.50 0.50 0.51 0.56 0.57 0.60 0.61 0.64 0.66 0.69
Debt to capital 0.29 0.30 0.30 0.28 0.28 0.29 0.31 0.31 0.32 0.32 0.32 0.32 0.33 0.33 0.33 0.34 0.36 0.36 0.38 0.38 0.39 0.40 0.41
Debt to assets 0.22 0.23 0.23 0.21 0.21 0.22 0.23 0.23 0.24 0.24 0.24 0.23 0.23 0.24 0.24 0.24 0.25 0.26 0.27 0.27 0.28 0.28 0.29
Financial leverage 1.86 1.89 1.86 1.80 1.80 1.88 1.93 1.95 1.97 1.97 1.96 2.07 2.09 2.09 2.10 2.14 2.21 2.23 2.26 2.30 2.33 2.34 2.40

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02).


An overall downward trend is evident across all solvency indicators from early 2021 through late 2025, signifying a systemic reduction in financial leverage and an improvement in the long-term solvency position. This trajectory suggests a strategic shift toward reducing debt reliance and strengthening the equity base over the analyzed period.

Debt to Equity Ratio
A consistent decline is observed, starting from 0.69 in January 2021 and reaching a low of 0.38 by September 2025. Although a slight increase to 0.44 occurred in March 2026, the ratio concluded at 0.42 in June 2026, representing a significant overall reduction in the proportion of debt relative to shareholder equity.
Debt to Capital Ratio
The ratio demonstrates a steady contraction from 0.41 in January 2021 to 0.28 in mid-2025. Similar to other solvency metrics, a marginal uptick is noted in early 2026, with the ratio stabilizing at 0.29 by June 2026, indicating that debt constitutes a smaller portion of the total capital structure compared to the start of the period.
Debt to Assets Ratio
A gradual decrease is present, moving from 0.29 in January 2021 to a minimum of 0.21 in September 2025. The ratio experienced a minor rise to 0.23 in early 2026 before returning to 0.22 in June 2026, reflecting a diminished reliance on debt to finance total assets.
Financial Leverage
Financial leverage shows a mirrored decline, falling from 2.40 in January 2021 to a trough of 1.80 in mid-2025. A subsequent increase to 1.89 was recorded in March 2026, with a final value of 1.86 in June 2026, indicating a reduction in the multiplier effect of debt on equity over the analyzed timeframe.

The synchronization of these metrics suggests a concerted effort to deleverage the balance sheet. The minor reversal observed between December 2025 and March 2026 indicates a temporary increase in liabilities or a reduction in equity, though the levels remained substantially lower than the 2021 benchmarks.

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Debt Ratios



Debt to Equity

Walt Disney Co., debt to equity calculation (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021
Selected Financial Data (US$ in millions)
Current portion of borrowings 8,627 8,887 10,819 6,711 5,732 6,446 6,620 6,845 8,060 6,789 6,087 4,330 2,645 3,452 3,249 3,070 5,580 5,399 6,783 5,866 4,728 5,243 5,397
Borrowings, excluding current portion 37,414 38,471 35,821 35,315 36,531 36,443 38,688 38,970 39,524 39,510 41,603 42,101 44,544 45,066 45,128 45,299 46,022 46,624 47,349 48,540 51,110 50,903 52,878
Total debt 46,041 47,358 46,640 42,026 42,263 42,889 45,308 45,815 47,584 46,299 47,690 46,431 47,189 48,518 48,377 48,369 51,602 52,023 54,132 54,406 55,838 56,146 58,275
 
Total Disney Shareholders’ equity 110,032 108,708 108,476 109,869 109,145 104,339 101,933 100,696 100,622 99,252 100,721 99,277 97,610 97,859 96,149 95,008 92,500 90,636 89,864 88,553 86,741 85,540 84,071
Solvency Ratio
Debt to equity1 0.42 0.44 0.43 0.38 0.39 0.41 0.44 0.45 0.47 0.47 0.47 0.47 0.48 0.50 0.50 0.51 0.56 0.57 0.60 0.61 0.64 0.66 0.69
Benchmarks
Debt to Equity, Competitors2
Alphabet Inc. 0.15 0.16 0.11 0.06 0.07 0.03 0.03 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.06 0.06 0.06 0.06
Comcast Corp. 1.01 1.07 1.02 1.02 1.05 1.14 1.16 1.18 1.18 1.17 1.17 1.18 1.16 1.16 1.17 1.15 1.02 1.00
Meta Platforms Inc. 0.32 0.24 0.27 0.15 0.15 0.16 0.16 0.18 0.12 0.12 0.12 0.13 0.14 0.08 0.08 0.08 0.00 0.00
Netflix Inc. 0.47 0.46 0.54 0.56 0.58 0.62 0.63 0.70 0.63 0.66 0.71 0.65 0.63 0.66 0.69 0.68 0.75 0.83
Trade Desk Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02).

1 Q3 2026 Calculation
Debt to equity = Total debt ÷ Total Disney Shareholders’ equity
= 46,041 ÷ 110,032 = 0.42

2 Click competitor name to see calculations.


The financial data indicates a sustained improvement in the company's solvency position from January 2021 through June 2026. This progress is characterized by a simultaneous reduction in total debt and a steady accumulation of shareholders' equity, resulting in a significant decline in the overall leverage ratio.

Total Debt Trends
A consistent downward trajectory in total debt is observed for the majority of the analyzed period. Total debt decreased from $58,275 million in January 2021 to a period low of $42,026 million by September 2025. Although a moderate increase occurred in the final quarters, reaching $46,041 million by June 2026, the debt levels remain substantially lower than the initial 2021 figures.
Shareholders' Equity Growth
Shareholders' equity exhibited a strong and steady upward trend throughout the timeframe. Starting at $84,071 million in January 2021, the equity grew consistently, surpassing the $100 billion threshold in late 2023 and concluding at $110,032 million by June 2026. This growth indicates a strengthening of the company's internal capital base and improved financial resilience.
Debt to Equity Ratio Dynamics
The debt to equity ratio reflects the combined impact of decreasing liabilities and increasing equity. The ratio declined steadily from 0.69 in January 2021 to a low of 0.38 in September 2025. Despite a slight uptick to 0.42 by June 2026, the long-term trend reveals a significant reduction in financial leverage and a shift toward a more conservative capital structure, reducing the company's reliance on borrowed funds.

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Debt to Capital

Walt Disney Co., debt to capital calculation (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021
Selected Financial Data (US$ in millions)
Current portion of borrowings 8,627 8,887 10,819 6,711 5,732 6,446 6,620 6,845 8,060 6,789 6,087 4,330 2,645 3,452 3,249 3,070 5,580 5,399 6,783 5,866 4,728 5,243 5,397
Borrowings, excluding current portion 37,414 38,471 35,821 35,315 36,531 36,443 38,688 38,970 39,524 39,510 41,603 42,101 44,544 45,066 45,128 45,299 46,022 46,624 47,349 48,540 51,110 50,903 52,878
Total debt 46,041 47,358 46,640 42,026 42,263 42,889 45,308 45,815 47,584 46,299 47,690 46,431 47,189 48,518 48,377 48,369 51,602 52,023 54,132 54,406 55,838 56,146 58,275
Total Disney Shareholders’ equity 110,032 108,708 108,476 109,869 109,145 104,339 101,933 100,696 100,622 99,252 100,721 99,277 97,610 97,859 96,149 95,008 92,500 90,636 89,864 88,553 86,741 85,540 84,071
Total capital 156,073 156,066 155,116 151,895 151,408 147,228 147,241 146,511 148,206 145,551 148,411 145,708 144,799 146,377 144,526 143,377 144,102 142,659 143,996 142,959 142,579 141,686 142,346
Solvency Ratio
Debt to capital1 0.29 0.30 0.30 0.28 0.28 0.29 0.31 0.31 0.32 0.32 0.32 0.32 0.33 0.33 0.33 0.34 0.36 0.36 0.38 0.38 0.39 0.40 0.41
Benchmarks
Debt to Capital, Competitors2
Alphabet Inc. 0.13 0.14 0.10 0.05 0.06 0.03 0.03 0.04 0.04 0.04 0.04 0.05 0.05 0.05 0.05 0.05 0.05 0.06
Comcast Corp. 0.50 0.52 0.51 0.51 0.51 0.53 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.54 0.51 0.50
Meta Platforms Inc. 0.24 0.19 0.21 0.13 0.13 0.13 0.14 0.15 0.10 0.11 0.11 0.11 0.12 0.07 0.07 0.07 0.00 0.00
Netflix Inc. 0.32 0.32 0.35 0.36 0.37 0.38 0.39 0.41 0.39 0.40 0.41 0.39 0.39 0.40 0.41 0.40 0.43 0.45
Trade Desk Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02).

1 Q3 2026 Calculation
Debt to capital = Total debt ÷ Total capital
= 46,041 ÷ 156,073 = 0.29

2 Click competitor name to see calculations.


The organization has demonstrated a consistent improvement in its solvency profile over the analyzed period from early 2021 through mid-2026. A sustained trend of deleveraging is evident, characterized by a systemic reduction in total debt relative to a gradually expanding capital base.

Total Debt Trends
Total debt decreased from 58,275 million US dollars in January 2021 to a period low of 42,026 million US dollars in June 2025. This downward trajectory suggests a focused effort to reduce absolute liabilities. A moderate increase in debt was observed in the latter part of 2025, with the balance rising to 46,640 million US dollars by September 2025 and concluding at 46,041 million US dollars in June 2026.
Total Capital Evolution
Total capital exhibited a gradual and steady increase, rising from 142,346 million US dollars in January 2021 to 156,073 million US dollars by June 2026. The growth in total capital, combined with the reduction in debt, contributed to a strengthened overall financial position.
Debt to Capital Ratio Analysis
The debt to capital ratio declined progressively from 0.41 in January 2021 to a minimum of 0.28 by June 2025. This indicates a strategic shift toward a less leveraged capital structure and reduced financial risk. Despite a slight correction to 0.30 in late 2025, the ratio stabilized at 0.29 by June 2026, representing a significant long-term reduction in the proportion of debt used to finance the company's operations.

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Debt to Assets

Walt Disney Co., debt to assets calculation (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021
Selected Financial Data (US$ in millions)
Current portion of borrowings 8,627 8,887 10,819 6,711 5,732 6,446 6,620 6,845 8,060 6,789 6,087 4,330 2,645 3,452 3,249 3,070 5,580 5,399 6,783 5,866 4,728 5,243 5,397
Borrowings, excluding current portion 37,414 38,471 35,821 35,315 36,531 36,443 38,688 38,970 39,524 39,510 41,603 42,101 44,544 45,066 45,128 45,299 46,022 46,624 47,349 48,540 51,110 50,903 52,878
Total debt 46,041 47,358 46,640 42,026 42,263 42,889 45,308 45,815 47,584 46,299 47,690 46,431 47,189 48,518 48,377 48,369 51,602 52,023 54,132 54,406 55,838 56,146 58,275
 
Total assets 204,740 205,217 202,089 197,514 196,612 195,833 197,046 196,219 197,772 195,110 197,774 205,579 203,783 204,858 202,124 203,631 204,074 202,453 203,311 203,609 202,221 200,250 201,888
Solvency Ratio
Debt to assets1 0.22 0.23 0.23 0.21 0.21 0.22 0.23 0.23 0.24 0.24 0.24 0.23 0.23 0.24 0.24 0.24 0.25 0.26 0.27 0.27 0.28 0.28 0.29
Benchmarks
Debt to Assets, Competitors2
Alphabet Inc. 0.11 0.11 0.08 0.04 0.05 0.02 0.02 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.04 0.04 0.04
Comcast Corp. 0.35 0.36 0.36 0.36 0.37 0.37 0.37 0.38 0.37 0.37 0.37 0.37 0.37 0.37 0.37 0.36 0.35 0.35
Meta Platforms Inc. 0.19 0.15 0.16 0.09 0.10 0.10 0.10 0.11 0.08 0.08 0.08 0.08 0.09 0.05 0.05 0.06 0.00 0.00
Netflix Inc. 0.24 0.24 0.26 0.26 0.27 0.29 0.29 0.31 0.28 0.29 0.30 0.29 0.28 0.29 0.30 0.29 0.31 0.32
Trade Desk Inc. 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02).

1 Q3 2026 Calculation
Debt to assets = Total debt ÷ Total assets
= 46,041 ÷ 204,740 = 0.22

2 Click competitor name to see calculations.


A consistent improvement in the solvency position is evident from January 2021 through June 2026. The overall trend is characterized by a steady reduction in the reliance on debt to finance the asset base, resulting in a strengthened financial structure and a lower risk profile regarding long-term obligations.

Total Debt Dynamics
Total debt experienced a sustained downward trajectory, falling from a peak of 58,275 million USD in January 2021 to a low of 42,026 million USD by September 2025. Although a moderate increase was recorded between December 2025 and March 2026, the final debt level of 46,041 million USD remains substantially lower than the levels observed at the beginning of the period.
Asset Base Stability
Total assets remained relatively stable throughout the period, fluctuating within a range between 195,110 million USD and 205,579 million USD. Because the asset base did not experience significant volatility, the improvements in solvency are attributable primarily to the active reduction of total liabilities rather than changes in asset acquisition or divestment.
Debt to Assets Ratio Evolution
The Debt to Assets ratio declined from 0.29 in January 2021 to a low of 0.21 reached in the second and third quarters of 2025. A period of relative stability was observed between October 2022 and March 2024, where the ratio hovered around 0.24. The analysis concludes with a ratio of 0.22 in June 2026, representing an overall reduction in financial leverage over the five-and-a-half-year window.

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Financial Leverage

Walt Disney Co., financial leverage calculation (quarterly data)

Microsoft Excel
Jun 27, 2026 Mar 28, 2026 Dec 27, 2025 Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Jan 1, 2022 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Jan 2, 2021
Selected Financial Data (US$ in millions)
Total assets 204,740 205,217 202,089 197,514 196,612 195,833 197,046 196,219 197,772 195,110 197,774 205,579 203,783 204,858 202,124 203,631 204,074 202,453 203,311 203,609 202,221 200,250 201,888
Total Disney Shareholders’ equity 110,032 108,708 108,476 109,869 109,145 104,339 101,933 100,696 100,622 99,252 100,721 99,277 97,610 97,859 96,149 95,008 92,500 90,636 89,864 88,553 86,741 85,540 84,071
Solvency Ratio
Financial leverage1 1.86 1.89 1.86 1.80 1.80 1.88 1.93 1.95 1.97 1.97 1.96 2.07 2.09 2.09 2.10 2.14 2.21 2.23 2.26 2.30 2.33 2.34 2.40
Benchmarks
Financial Leverage, Competitors2
Alphabet Inc. 1.44 1.47 1.43 1.39 1.38 1.38 1.39 1.37 1.38 1.39 1.42 1.45 1.43 1.42 1.43 1.41 1.39 1.41
Comcast Corp. 2.87 2.95 2.81 2.81 2.83 3.09 3.11 3.15 3.15 3.19 3.20 3.16 3.12 3.15 3.18 3.17 2.92 2.89
Meta Platforms Inc. 1.72 1.62 1.68 1.57 1.51 1.51 1.51 1.56 1.47 1.49 1.50 1.51 1.54 1.48 1.48 1.44 1.35 1.33
Netflix Inc. 1.94 1.96 2.09 2.12 2.13 2.17 2.17 2.30 2.22 2.29 2.37 2.24 2.23 2.27 2.34 2.32 2.43 2.58
Trade Desk Inc. 2.24 2.34 2.48 2.28 2.21 2.10 2.07 2.10 2.15 2.15 2.26 2.10 2.10 2.06 2.07 2.05 2.06 2.08

Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-Q (reporting date: 2025-12-27), 10-K (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-Q (reporting date: 2024-12-28), 10-K (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-Q (reporting date: 2023-12-30), 10-K (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-Q (reporting date: 2022-01-01), 10-K (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-Q (reporting date: 2021-01-02).

1 Q3 2026 Calculation
Financial leverage = Total assets ÷ Total Disney Shareholders’ equity
= 204,740 ÷ 110,032 = 1.86

2 Click competitor name to see calculations.


A consistent reduction in financial leverage is observed over the period from January 2021 to June 2026, indicating a systematic shift toward a more conservative capital structure. The overall solvency profile has strengthened as the reliance on debt relative to equity has diminished steadily.

Financial Leverage Ratio
The financial leverage ratio exhibits a clear downward trajectory, declining from 2.40 in January 2021 to 1.86 by June 2026. A notable acceleration in this decline occurred between September 2023 and December 2023, where the ratio dropped from 2.07 to 1.96. This trend signifies a reduction in the multiplier effect of debt, thereby lowering the company's financial risk and increasing its long-term solvency.
Shareholders' Equity
The primary driver of the improved leverage ratio is the steady and substantial growth in total shareholders' equity. Equity increased from 84,071 million USD in January 2021 to 110,032 million USD in June 2026. This consistent growth reflects a strengthening of the company's internal capital base, which has provided a larger cushion against liabilities.
Total Assets
Total assets remained relatively stable throughout the period, fluctuating within a narrow range between approximately 195 billion USD and 205 billion USD. A slight contraction was observed between December 2023 and March 2024, with assets reaching a period low of 195,110 million USD. However, a recovery trend followed, bringing assets back to 204,740 million USD by June 2026. Because asset growth was marginal compared to the significant increase in equity, the resulting effect was a marked decrease in the overall leverage ratio.

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