Frontline annual net debt
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2025
Frontline Net Debt Growth & History (FRO)
Frontline's net debt was $2.82B for fiscal 2025.
View full Frontline company overviewFrontline annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.82B | −$516.1M | −15.49% |
| 2024 | 2024-12-31 | $3.33B | $181.8M | +5.77% |
| 2023 | 2023-12-31 | $3.15B | $1.01B | +47.28% |
| 2022 | 2022-12-31 | $2.14B | −$178.7M | −7.71% |
| 2021 | 2021-12-31 | $2.32B | $218.8M | +10.42% |
| 2020 | 2020-12-31 | $2.10B | $207.6M | +10.97% |
| 2019 | 2019-12-31 | $1.89B | $127.5M | +7.22% |
| 2018 | 2018-12-31 | $1.76B | −$10.9M | −0.62% |
| 2017 | 2017-12-31 | $1.78B | $572.9M | +47.65% |
| 2016 | 2016-12-31 | $1.20B | $127.1M | +11.82% |
| 2015 | 2015-12-31 | $1.08B | $149.6M | +16.17% |
| 2014 | 2014-12-31 | $925.5M | −$269.2M | −22.53% |
| 2013 | 2013-12-31 | $1.19B | −$107.2M | −8.23% |
| 2012 | 2012-12-31 | $1.30B | −$64.4M | −4.71% |
| 2011 | 2011-12-31 | $1.37B | −$1.18B | −46.31% |
| 2010 | 2010-12-31 | $2.54B | $827,000 | +0.03% |
| 2009 | 2009-12-31 | $2.54B | — | — |
Frontline quarterly net debt
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Q4.11
Q3.12
Q4.12
Q1.13
Q3.13
Q4.13
Q2.14
Q4.14
Q2.15
Q4.15
Q2.16
Q4.16
Q2.17
Q4.17
Q2.18
Q4.18
Q2.19
Q4.19
Q2.20
Q4.20
Q2.21
Q4.21
Q2.22
Q4.22
Q2.23
Q4.23
Q2.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $2.11B | −$996.9M | −32.05% |
| Q1 2026 | 2026-03-31 | $2.16B | −$1.07B | −33.20% |
| Q4 2025 | 2025-12-31 | $2.82B | −$516.1M | −15.49% |
| Q3 2025 | 2025-09-30 | $3.05B | — | — |
| Q2 2025 | 2025-06-30 | $3.11B | −$389.9M | −11.14% |
| Q1 2025 | 2025-03-31 | $3.23B | — | — |
| Q4 2024 | 2024-12-31 | $3.33B | $181.8M | +5.77% |
| Q2 2024 | 2024-06-30 | $3.50B | $1.51B | +75.78% |
| Q4 2023 | 2023-12-31 | $3.15B | $1.01B | +47.28% |
| Q2 2023 | 2023-06-30 | $1.99B | $195.6M | +10.89% |
| Q4 2022 | 2022-12-31 | $2.14B | −$178.7M | −7.71% |
| Q2 2022 | 2022-06-30 | $1.80B | −$12.7M | −0.70% |
| Q4 2021 | 2021-12-31 | $2.32B | $218.8M | +10.42% |
| Q2 2021 | 2021-06-30 | $1.81B | $302.1M | +20.05% |
| Q4 2020 | 2020-12-31 | $2.10B | $207.6M | +10.97% |
| Q2 2020 | 2020-06-30 | $1.51B | −$137.9M | −8.39% |
| Q4 2019 | 2019-12-31 | $1.89B | $127.5M | +7.22% |
| Q2 2019 | 2019-06-30 | $1.64B | −$156.2M | −8.68% |
| Q4 2018 | 2018-12-31 | $1.76B | −$10.9M | −0.62% |
| Q2 2018 | 2018-06-30 | $1.80B | $323.5M | +21.90% |
| Q4 2017 | 2017-12-31 | $1.78B | $572.9M | +47.65% |
| Q2 2017 | 2017-06-30 | $1.48B | $225.3M | +18.00% |
| Q4 2016 | 2016-12-31 | $1.20B | $127.1M | +11.82% |
| Q2 2016 | 2016-06-30 | $1.25B | $961.0M | +330.67% |
| Q4 2015 | 2015-12-31 | $1.08B | $149.6M | +16.17% |
| Q2 2015 | 2015-06-30 | $290.6M | −$612.4M | −67.82% |
| Q4 2014 | 2014-12-31 | $925.5M | −$269.2M | −22.53% |
| Q2 2014 | 2014-06-30 | $903.0M | — | — |
| Q4 2013 | 2013-12-31 | $1.19B | −$107.2M | −8.23% |
| Q3 2013 | 2013-09-30 | $1.29B | −$2.2M | −0.17% |
| Q1 2013 | 2013-03-31 | $1.28B | — | — |
| Q4 2012 | 2012-12-31 | $1.30B | −$64.4M | −4.71% |
| Q3 2012 | 2012-09-30 | $1.29B | — | — |
| Q4 2011 | 2011-12-31 | $1.37B | −$1.18B | −46.31% |
| Q4 2010 | 2010-12-31 | $2.54B | — | — |
Frontline net debt trends
Over the last five fiscal years, Frontline's net debt increased from $2.10B to $2.82B, a change of $717.3M. The latest reported quarter, Q2 2026, shows $2.11B.
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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