Ryanair Holdings (CHIX:RYAI) Debt-to-Equity: 0.15 (As of Mar. 2026) — 81% Below Median

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Director of Data and Quant Analytics at GuruFocus
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CHIX:RYAI Ryanair Holdings PLC CHIX:RYAI
89 GF Score
Price €26.33
GF Value €25.15
Valuation Fairly Valued
! 1 Warning Sign
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What is Ryanair Holdings Debt-to-Equity?

Ryanair Holdings CHIX:RYAI -2.08% 89 Debt-to-Equity is 0.15 as of Mar. 2026, which is 81% below its 10-year median of 0.79. GuruFocus rates CHIX:RYAI with a GF Score™ of 89/100 and a GF Value™ of €25.15 (Fairly Valued). The stock has 1 warning sign investors should review. Among 907 Transportation companies, Ryanair Holdings ranks better than 81.26% on this metric.

Ryanair Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €1,239 Mil. Ryanair Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €253 Mil. Ryanair Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €10,101 Mil. Ryanair Holdings's debt to equity for the quarter that ended in Mar. 2026 was 0.15.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ryanair Holdings's Debt-to-Equity or its related term are showing as below:

CHIX:RYAi' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15   Med: 0.79   Max: 1.17
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Ryanair Holdings was 1.17. The lowest was 0.15. And the median was 0.79.

CHIX:RYAi's Debt-to-Equity is ranked better than
81.26% of 907 companies
in the Transportation industry
Industry Median: 0.53 vs CHIX:RYAi: 0.15

Ryanair Holdings  (CHIX:RYAi) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Ryanair Holdings Debt-to-Equity Related Terms


Ryanair Holdings Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Ryanair Holdings's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ryanair Holdings Debt-to-Equity Chart

Ryanair Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.92 0.73 0.36 0.38 0.15

Ryanair Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.38 0.31 0.16 0.17 0.15

CHIX:RYAI vs DAL, UAL, LUV: Debt-to-Equity Comparison

For the Airlines subindustry, Ryanair Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ryanair Holdings Debt-to-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Ryanair Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ryanair Holdings's Debt-to-Equity falls into.


CHIX:RYAI
89GF Score
Ryanair Holdings PLC CHIX:RYAI
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Ryanair Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ryanair Holdings's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Ryanair Holdings's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.15 mean?
Ryanair Holdings (CHIX:RYAI) has a Debt-to-Equity of 0.15 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ryanair Holdings and its competitors. This is 81% below median its historical median of 0.79. Over the past decade, Ryanair Holdings' Debt-to-Equity has ranged from 0.15 to 1.17. According to the industry distribution chart, Ryanair Holdings ranks #170 out of 907 companies in the Transportation industry, placing it in the top 18.7%.
Is Ryanair Holdings' Debt-to-Equity too high?
Ryanair Holdings' current Debt-to-Equity of 0.15 is 81% below median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.17. The Transportation industry median Debt-to-Equity is 0.53. Ryanair Holdings' value of 0.15 is 71.7% below this industry median. Based on the distribution chart, Ryanair Holdings ranks #170 out of 907 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Ryanair Holdings has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ryanair Holdings' Debt-to-Equity compare to DAL and UAL?
According to the Transportation industry distribution chart, Ryanair Holdings ranks #170 out of 907 companies for Debt-to-Equity. This places Ryanair Holdings in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.53. Ryanair Holdings' value of 0.15 is 71.7% below this benchmark. Historically, Ryanair Holdings' own Debt-to-Equity has ranged from 0.15 to 1.17 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 0.53, Ryanair Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ryanair Holdings's current Debt-to-Equity of 0.15 is 71.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ryanair Holdings and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ryanair Holdings's current Debt-to-Equity is 0.15, which is 81% below median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryanair Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ryanair Holdings (CHIX:RYAI) is currently considered Fairly Valued. The stock's GF Value™ is €25.15, compared to a current price of €26.33 — trading 4.7% above its estimated fair value. The current Debt-to-Equity is 0.15, which is 81% below median its 10-year median of 0.79 and 71.7% below the Transportation industry median of 0.53. Ryanair Holdings' overall GF Score™ is 89/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ryanair Holdings (CHIX:RYAI), the current Debt-to-Equity is 0.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ryanair Holdings (CHIX:RYAI) Overvalued in 2026?

Based on GuruFocus' analysis, Ryanair Holdings stock appears to be overvalued. The current stock price of €26.33 is trading 4.7% above its estimated GF Value™ of €25.15. GuruFocus considers Ryanair Holdings to be Fairly Valued.

Key valuation signals for CHIX:RYAI:

  • Debt-to-Equity: 0.15 (81% below median its 10-year median of 0.79)
  • GF Value™: €25.15 vs. price of €26.33 (4.7% above fair value)
  • GF Score™: 89/100 with 1 warning sign
  • Industry Position: 71.7% below the Transportation median (#170 of 907)

No single metric tells the full story. See the CHIX:RYAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ryanair Holdings Business Description

Address Airside Business Park, Swords, County Dublin, Dublin, IRL, K67 NY94
Ryanair is Europe's largest low-cost airline, known for its extensive network and highly efficient business model. Operating over 3,600 flights daily across 240-plus destinations in 40 countries, Ryanair has built its success on offering affordable air travel while maintaining tight control over costs. The airline primarily uses Boeing 737 aircraft, including the newer 737 8-200 "Gamechanger" variant, which simplifies operations and reduces expenses. Ryanair focuses on high passenger volume, ancillary revenue, and operational efficiency, ensuring its position as a leading airline in Europe.
89GF Score

Get the complete analysis for CHIX:RYAI

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.33
Price
€25.15
GF Value