Equinor Asa annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Equinor Asa Debt-to-Equity Ratio Growth & History (EQNR)
Equinor Asa's debt-to-equity ratio was 0.73 for fiscal 2025.
View full Equinor Asa company overviewEquinor Asa annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.73 | 0.14 | +23.42% |
| 2024 | 2024-12-31 | 0.59 | 0.01 | +1.71% |
| 2023 | 2023-12-31 | 0.58 | 0.02 | +3.43% |
| 2022 | 2022-12-31 | 0.56 | −0.24 | −29.74% |
| 2021 | 2021-12-31 | 0.80 | −0.25 | −23.64% |
| 2020 | 2020-12-31 | 1.05 | 0.36 | +53.43% |
| 2019 | 2019-12-31 | 0.68 | 0.11 | +19.09% |
| 2018 | 2018-12-31 | 0.57 | −0.11 | −15.61% |
| 2017 | 2017-12-31 | 0.68 | −0.19 | −21.99% |
| 2016 | 2016-12-31 | 0.87 | — | — |
Equinor Asa quarterly debt-to-equity ratio
Q4.16
Q4.17
Q2.18
Q4.18
Q2.19
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q4.23
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.75 | −0.07 | −8.11% |
| Q1 2026 | 2026-03-31 | 0.73 | — | — |
| Q4 2025 | 2025-12-31 | 0.73 | 0.14 | +23.42% |
| Q3 2025 | 2025-09-30 | 0.76 | — | — |
| Q2 2025 | 2025-06-30 | 0.82 | — | — |
| Q4 2024 | 2024-12-31 | 0.59 | 0.01 | +1.71% |
| Q4 2023 | 2023-12-31 | 0.58 | 0.02 | +3.43% |
| Q4 2022 | 2022-12-31 | 0.56 | −0.24 | −29.74% |
| Q2 2022 | 2022-06-30 | 0.81 | −0.15 | −15.70% |
| Q4 2021 | 2021-12-31 | 0.80 | −0.25 | −23.64% |
| Q2 2021 | 2021-06-30 | 0.96 | −0.08 | −8.09% |
| Q4 2020 | 2020-12-31 | 1.05 | 0.36 | +53.43% |
| Q2 2020 | 2020-06-30 | 1.04 | 0.37 | +53.94% |
| Q4 2019 | 2019-12-31 | 0.68 | 0.11 | +19.09% |
| Q2 2019 | 2019-06-30 | 0.68 | 0.03 | +5.00% |
| Q4 2018 | 2018-12-31 | 0.57 | −0.11 | −15.61% |
| Q2 2018 | 2018-06-30 | 0.65 | — | — |
| Q4 2017 | 2017-12-31 | 0.68 | −0.19 | −21.99% |
| Q4 2016 | 2016-12-31 | 0.87 | — | — |
Equinor Asa debt-to-equity ratio trends
Over the last five fiscal years, Equinor Asa's debt-to-equity ratio decreased from 1.05 to 0.73, a change of −0.32. The latest reported quarter, Q2 2026, shows 0.75.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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