Eaton annual net debt
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Eaton Net Debt Growth & History (ETN)
Eaton's net debt was $10.06B for fiscal 2025.
View full Eaton company overviewEaton annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $10.06B | $633.0M | +6.71% |
| 2024 | 2024-12-31 | $9.43B | −$20.0M | −0.21% |
| 2023 | 2023-12-31 | $9.45B | $502.0M | +5.61% |
| 2022 | 2022-12-31 | $8.95B | $208.0M | +2.38% |
| 2021 | 2021-12-31 | $8.74B | $677.0M | +8.40% |
| 2020 | 2020-12-31 | $8.06B | −$342.0M | −4.07% |
| 2019 | 2019-12-31 | $8.40B | $1.17B | +16.11% |
| 2018 | 2018-12-31 | $7.24B | $48.0M | +0.67% |
| 2017 | 2017-12-31 | $7.19B | −$544.0M | −7.03% |
| 2016 · Dec 31 | 2016-12-31 | $7.73B | −$412.0M | −5.06% |
| 2015 | 2015-12-31 | $8.15B | −$107.0M | −1.30% |
| 2014 | 2014-12-31 | $8.25B | −$381.0M | −4.41% |
| 2013 · Dec 31 | 2013-12-31 | $8.63B | −$1.63B | −15.84% |
| 2012 | 2012-12-31 | $10.26B | $6.87B | +202.80% |
| 2011 | 2011-12-31 | $3.39B | — | — |
Eaton quarterly net debt
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| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $20.83B | $10.78B | +107.26% |
| Q1 2026 | 2026-03-31 | $21.18B | $13.88B | +189.95% |
| Q4 2025 | 2025-12-31 | $10.06B | $633.0M | +6.71% |
| Q3 2025 | 2025-09-30 | $9.76B | $868.0M | +9.76% |
| Q2 2025 | 2025-06-30 | $10.05B | $1.38B | +15.86% |
| Q1 2025 | 2025-03-31 | $7.31B | −$1.01B | −12.20% |
| Q4 2024 | 2024-12-31 | $9.43B | −$20.0M | −0.21% |
| Q3 2024 | 2024-09-30 | $8.89B | $577.0M | +6.94% |
| Q2 2024 | 2024-06-30 | $8.68B | −$352.0M | −3.90% |
| Q1 2024 | 2024-03-31 | $8.32B | −$698.0M | −7.74% |
| Q4 2023 | 2023-12-31 | $9.45B | $502.0M | +5.61% |
| Q3 2023 | 2023-09-30 | $8.31B | −$889.0M | −9.66% |
| Q2 2023 | 2023-06-30 | $9.03B | $1.34B | +17.37% |
| Q1 2023 | 2023-03-31 | $9.02B | $1.03B | +12.96% |
| Q4 2022 | 2022-12-31 | $8.95B | $208.0M | +2.38% |
| Q3 2022 | 2022-09-30 | $9.20B | $181.0M | +2.01% |
| Q2 2022 | 2022-06-30 | $7.69B | −$4.49B | −36.86% |
| Q1 2022 | 2022-03-31 | $7.98B | −$1.14B | −12.46% |
| Q4 2021 | 2021-12-31 | $8.74B | $677.0M | +8.40% |
| Q3 2021 | 2021-09-30 | $9.02B | $2.18B | +31.79% |
| Q2 2021 | 2021-06-30 | $12.18B | $5.11B | +72.22% |
| Q1 2021 | 2021-03-31 | $9.12B | $846.0M | +10.22% |
| Q4 2020 | 2020-12-31 | $8.06B | −$342.0M | −4.07% |
| Q3 2020 | 2020-09-30 | $6.84B | −$1.08B | −13.62% |
| Q2 2020 | 2020-06-30 | $7.07B | −$1.03B | −12.69% |
| Q1 2020 | 2020-03-31 | $8.27B | $622.0M | +8.13% |
| Q4 2019 | 2019-12-31 | $8.40B | $1.17B | +16.11% |
| Q3 2019 | 2019-09-30 | $7.92B | $1.43B | +22.04% |
| Q2 2019 | 2019-06-30 | $8.10B | $1.10B | +15.71% |
| Q1 2019 | 2019-03-31 | $7.65B | $939.0M | +13.99% |
| Q4 2018 | 2018-12-31 | $7.24B | $48.0M | +0.67% |
| Q3 2018 | 2018-09-30 | $6.49B | $5.0M | +0.08% |
| Q2 2018 | 2018-06-30 | $7.00B | $203.0M | +2.99% |
| Q1 2018 | 2018-03-31 | $6.71B | $50.0M | +0.75% |
| Q4 2017 | 2017-12-31 | $7.19B | −$544.0M | −7.03% |
| Q3 2017 | 2017-09-30 | $6.49B | −$901.0M | −12.20% |
| Q2 2017 | 2017-06-30 | $6.80B | −$1.04B | −13.28% |
| Q1 2017 | 2017-03-31 | $6.66B | −$1.40B | −17.32% |
| Q4 2016 · Dec 31 | 2016-12-31 | $7.73B | −$412.0M | −5.06% |
| Q3 2016 | 2016-09-30 | $7.39B | −$25.0M | −0.34% |
| Q2 2016 | 2016-06-30 | $7.84B | $233.0M | +3.06% |
| Q1 2016 | 2016-03-31 | $8.06B | $626.0M | +8.42% |
| Q4 2015 | 2015-12-31 | $8.15B | −$107.0M | −1.30% |
| Q3 2015 | 2015-09-30 | $7.41B | −$520.0M | −6.55% |
| Q2 2015 | 2015-06-30 | $7.61B | −$380.0M | −4.76% |
| Q1 2015 | 2015-03-31 | $7.43B | −$782.0M | −9.52% |
| Q4 2014 | 2014-12-31 | $8.25B | −$381.0M | −4.41% |
| Q2 2014 | 2014-09-30 | $7.93B | −$542.0M | −6.40% |
| Q1 2014 · Jun 30 | 2014-06-30 | $7.99B | −$570.0M | −6.66% |
| Q1 2014 · Mar 31 | 2014-03-31 | $8.21B | −$703.0M | −7.88% |
| Q4 2013 · Dec 31 | 2013-12-31 | $8.63B | −$1.63B | −15.84% |
| Q3 2013 | 2013-09-30 | $8.47B | — | — |
| Q2 2013 | 2013-06-30 | $8.56B | — | — |
| Q1 2013 | 2013-03-31 | $8.92B | — | — |
| Q4 2012 | 2012-12-31 | $10.26B | — | — |
Eaton net debt trends
Over the last five fiscal years, Eaton's net debt increased from $8.06B to $10.06B, a change of $2.00B. The latest reported quarter, Q2 2026, shows $20.83B.
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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