ArcelorMittal annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
ArcelorMittal Debt-to-Equity Ratio Growth & History (MT)
ArcelorMittal's debt-to-equity ratio was 0.27 for fiscal 2025.
View full ArcelorMittal company overviewArcelorMittal annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.27 | 0.01 | +4.68% |
| 2024 | 2024-12-31 | 0.26 | 0.04 | +16.76% |
| 2023 | 2023-12-31 | 0.22 | −0.02 | −8.31% |
| 2022 | 2022-12-31 | 0.24 | 0.05 | +26.48% |
| 2021 | 2021-12-31 | 0.19 | −0.15 | −44.93% |
| 2020 | 2020-12-31 | 0.34 | −0.06 | −14.53% |
| 2019 | 2019-12-31 | 0.40 | 0.17 | +70.00% |
| 2018 | 2018-12-31 | 0.24 | −0.11 | −31.38% |
| 2017 | 2017-12-31 | 0.34 | −0.11 | −24.15% |
| 2016 | 2016-12-31 | 0.45 | — | — |
ArcelorMittal 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
Q2.23
Q4.23
Q2.24
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 | 0.26 | −0.01 | −4.07% |
| Q1 2026 | 2026-03-31 | 0.25 | — | — |
| Q4 2025 | 2025-12-31 | 0.27 | 0.01 | +4.68% |
| Q3 2025 | 2025-09-30 | 0.27 | — | — |
| Q2 2025 | 2025-06-30 | 0.27 | 0.04 | +17.71% |
| Q4 2024 | 2024-12-31 | 0.26 | 0.04 | +16.76% |
| Q2 2024 | 2024-06-30 | 0.23 | 0.02 | +11.94% |
| Q4 2023 | 2023-12-31 | 0.22 | −0.02 | −8.31% |
| Q2 2023 | 2023-06-30 | 0.21 | 0.03 | +16.34% |
| Q4 2022 | 2022-12-31 | 0.24 | 0.05 | +26.48% |
| Q2 2022 | 2022-06-30 | 0.18 | −0.05 | −20.96% |
| Q4 2021 | 2021-12-31 | 0.19 | −0.15 | −44.93% |
| Q2 2021 · Jun 30 | 2021-06-30 | 0.23 | −0.18 | −44.40% |
| Q4 2020 | 2020-12-31 | 0.34 | −0.06 | −14.53% |
| Q2 2020 | 2020-06-30 | 0.41 | 0.14 | +52.59% |
| Q4 2019 | 2019-12-31 | 0.40 | 0.17 | +70.00% |
| Q2 2019 · Jun 30 | 2019-06-30 | 0.27 | −0.07 | −20.43% |
| Q4 2018 | 2018-12-31 | 0.24 | −0.11 | −31.38% |
| Q2 2018 | 2018-06-30 | 0.34 | — | — |
| Q4 2017 | 2017-12-31 | 0.34 | −0.11 | −24.15% |
| Q4 2016 | 2016-12-31 | 0.45 | — | — |
ArcelorMittal debt-to-equity ratio trends
Over the last five fiscal years, ArcelorMittal's debt-to-equity ratio decreased from 0.34 to 0.27, a change of −0.08. The latest reported quarter, Q2 2026, shows 0.26.
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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