ArcelorMittal annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
ArcelorMittal Net Debt Growth & History (MT)
ArcelorMittal's net debt was $9.20B for fiscal 2025.
View full ArcelorMittal company overviewArcelorMittal annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $9.20B | $3.00B | +48.44% |
| 2024 | 2024-12-31 | $6.20B | $2.06B | +49.65% |
| 2023 | 2023-12-31 | $4.14B | $735.0M | +21.58% |
| 2022 | 2022-12-31 | $3.41B | −$1.66B | −32.77% |
| 2021 | 2021-12-31 | $5.07B | −$2.47B | −32.78% |
| 2020 | 2020-12-31 | $7.54B | −$3.06B | −28.90% |
| 2019 | 2019-12-31 | $10.60B | $2.83B | +36.46% |
| 2018 | 2018-12-31 | $7.77B | −$3.01B | −27.92% |
| 2017 | 2017-12-31 | $10.78B | −$396.0M | −3.54% |
| 2016 | 2016-12-31 | $11.17B | — | — |
ArcelorMittal 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
Q2.23
Q4.23
Q2.24
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 | $9.57B | $19.0M | +0.20% |
| Q1 2026 | 2026-03-31 | $9.32B | — | — |
| Q4 2025 | 2025-12-31 | $9.20B | $3.00B | +48.44% |
| Q3 2025 | 2025-09-30 | $9.13B | — | — |
| Q2 2025 | 2025-06-30 | $9.55B | $3.23B | +51.08% |
| Q4 2024 | 2024-12-31 | $6.20B | $2.06B | +49.65% |
| Q2 2024 | 2024-06-30 | $6.32B | $552.0M | +9.56% |
| Q4 2023 | 2023-12-31 | $4.14B | $735.0M | +21.58% |
| Q2 2023 | 2023-06-30 | $5.77B | $570.0M | +10.96% |
| Q4 2022 | 2022-12-31 | $3.41B | −$1.66B | −32.77% |
| Q2 2022 | 2022-06-30 | $5.20B | −$723.0M | −12.20% |
| Q4 2021 | 2021-12-31 | $5.07B | −$2.47B | −32.78% |
| Q2 2021 · Jun 30 | 2021-06-30 | $5.92B | −$3.01B | −33.67% |
| Q4 2020 | 2020-12-31 | $7.54B | −$3.06B | −28.90% |
| Q2 2020 | 2020-06-30 | $8.93B | $1.24B | +16.10% |
| Q4 2019 | 2019-12-31 | $10.60B | $2.83B | +36.46% |
| Q2 2019 · Jun 30 | 2019-06-30 | $7.69B | −$2.88B | −27.25% |
| Q4 2018 | 2018-12-31 | $7.77B | −$3.01B | −27.92% |
| Q2 2018 | 2018-06-30 | $10.58B | — | — |
| Q4 2017 | 2017-12-31 | $10.78B | — | — |
ArcelorMittal net debt trends
Over the last five fiscal years, ArcelorMittal's net debt increased from $7.54B to $9.20B, a change of $1.66B. The latest reported quarter, Q2 2026, shows $9.57B.
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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