Debt-to-Equity Ratio

Allegion's debt-to-equity ratio of 0.97x means that for every dollar of shareholder equity, the company has 97 cents of debt, indicating a roughly balanced capital structure.

This is above the sector median of 0.78x, placing Allegion in the 59th percentile among its Industrials peers — meaning it carries more debt relative to equity than 59% of comparable companies. The ratio has remained perfectly stable over the past eight quarters, with no change year-over-year or quarter-over-quarter (both +0.0%). The combination of a moderately elevated debt level and a flat trend suggests a steady but slightly higher leverage profile than peers, which may imply a neutral risk posture: not alarming, but also not conservative. This metric supports the overall NEUTRAL verdict, as the stable, above-median debt ratio does not present a clear positive or negative signal relative to the company's broader outlook.

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