ITW Debt/Equity Ratio - ILLINOIS TOOL WORKS INC

Complete source-backed debt/equity ratio history.

Available history: 2009-12-31 to 2025-12-31
Data captured: 2026-09-04

Historical Debt/Equity Ratio

Date	Debt/Equity Ratio
2025-12-31	2.38
2024-12-31	2.14
2023-12-31	2.56
2022-12-31	2.17
2022-09-30	2.53
2022-06-30	2.26
2022-03-31	2.19
2021-12-31	2.06
2020-12-31	2.55
2019-12-31	2.56
2018-12-31	2.26
2017-12-31	1.63
2016-12-31	1.84
2015-12-31	1.32
2014-12-31	0.87
2013-12-31	0.48
2012-12-31	0.43
2011-12-31	0.37
2010-12-31	0.29
2009-12-31	0.33

Annual Debt/Equity Ratio

Date	Debt/Equity Ratio
2025-12-31	2.38
2024-12-31	2.14
2023-12-31	2.56
2022-12-31	2.17
2021-12-31	2.06
2020-12-31	2.55
2019-12-31	2.56
2018-12-31	2.26
2017-12-31	1.63
2016-12-31	1.84
2015-12-31	1.32
2014-12-31	0.87
2013-12-31	0.48
2012-12-31	0.43
2011-12-31	0.37
2010-12-31	0.29
2009-12-31	0.33