Equinor Asa annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Equinor Asa Net Debt Growth & History (EQNR)
Equinor Asa's net debt was $24.48B for fiscal 2025.
View full Equinor Asa company overviewEquinor Asa annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $24.48B | $5.33B | +27.85% |
| 2024 | 2024-12-31 | $19.14B | −$987.0M | −4.90% |
| 2023 | 2023-12-31 | $20.13B | −$775.0M | −3.71% |
| 2022 | 2022-12-31 | $20.91B | $3.67B | +21.33% |
| 2021 | 2021-12-31 | $17.23B | −$11.51B | −40.05% |
| 2020 | 2020-12-31 | $28.74B | $5.82B | +25.39% |
| 2019 | 2019-12-31 | $22.92B | $5.83B | +34.13% |
| 2018 | 2018-12-31 | $17.09B | −$5.61B | −24.72% |
| 2017 | 2017-12-31 | $22.70B | −$2.77B | −10.86% |
| 2016 | 2016-12-31 | $25.47B | — | — |
Equinor Asa quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $24.36B | −$516.0M | −2.07% |
| Q1 2026 | 2026-03-31 | $25.97B | — | — |
| Q4 2025 | 2025-12-31 | $24.48B | $5.33B | +27.85% |
| Q3 2025 | 2025-09-30 | $22.84B | — | — |
| Q2 2025 | 2025-06-30 | $24.87B | — | — |
| Q4 2024 | 2024-12-31 | $19.14B | −$987.0M | −4.90% |
| Q4 2023 | 2023-12-31 | $20.13B | −$775.0M | −3.71% |
| Q4 2022 | 2022-12-31 | $20.91B | $3.67B | +21.33% |
| Q2 2022 | 2022-06-30 | $12.71B | −$12.86B | −50.29% |
| Q4 2021 | 2021-12-31 | $17.23B | −$11.51B | −40.05% |
| Q2 2021 | 2021-06-30 | $25.57B | −$1.84B | −6.71% |
| Q4 2020 | 2020-12-31 | $28.74B | $5.82B | +25.39% |
| Q2 2020 | 2020-06-30 | $27.41B | $2.32B | +9.26% |
| Q4 2019 | 2019-12-31 | $22.92B | $5.83B | +34.13% |
| Q2 2019 | 2019-06-30 | $25.09B | $4.70B | +23.07% |
| Q4 2018 | 2018-12-31 | $17.09B | −$5.61B | −24.72% |
| Q2 2018 | 2018-06-30 | $20.39B | — | — |
| Q4 2017 | 2017-12-31 | $22.70B | — | — |
Equinor Asa net debt trends
Over the last five fiscal years, Equinor Asa's net debt decreased from $28.74B to $24.48B, a change of −$4.26B. The latest reported quarter, Q2 2026, shows $24.36B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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