Thales annual net debt
2020
2021
2022
2023
2024
2025
Thales Net Debt Growth & History (HO)
Thales's net debt was €1.68B for fiscal 2025.
View full Thales company overviewThales annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €1.68B | −€1.37B | −44.93% |
| 2024 | 2024-12-31 | €3.06B | −€1.40B | −31.38% |
| 2023 | 2023-12-31 | €4.45B | €4.08B | +1097.88% |
| 2022 | 2022-12-31 | €371.8M | −€500.2M | −57.36% |
| 2021 | 2021-12-31 | €872.0M | −€1.72B | −66.39% |
| 2020 | 2020-12-31 | €2.59B | — | — |
Thales quarterly net debt
Q4.24
Q4.25
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | €578.7M | — | — |
| Q4 2025 | 2025-12-31 | €1.68B | −€1.37B | −44.93% |
| Q4 2024 | 2024-12-31 | €3.06B | — | — |
Thales net debt trends
Over the last five fiscal years, Thales's net debt decreased from €2.59B to €1.68B, a change of −€911.5M. The latest reported quarter, Q2 2026, shows €578.7M.
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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