Nu Holdings annual debt-to-equity ratio
2019
2020
2021
2022
2023
2024
2025
Nu Holdings Debt-to-Equity Ratio Growth & History (NU)
Nu Holdings's debt-to-equity ratio was 0.17 for fiscal 2025.
View full Nu Holdings company overviewNu Holdings annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.17 | −0.06 | −25.73% |
| 2024 | 2024-12-31 | 0.23 | 0.05 | +27.58% |
| 2023 | 2023-12-31 | 0.18 | 0.06 | +48.15% |
| 2022 | 2022-12-31 | 0.12 | 0.09 | +261.12% |
| 2021 | 2021-12-31 | 0.03 | −0.19 | −85.09% |
| 2020 | 2020-12-31 | 0.22 | 0.00 | +2.09% |
| 2019 | 2019-12-31 | 0.22 | — | — |
Nu Holdings quarterly debt-to-equity ratio
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
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 | 0.36 | 0.30 | +498.41% |
| Q1 2026 | 2026-03-31 | 0.15 | 0.11 | +246.67% |
| Q4 2025 | 2025-12-31 | 0.17 | −0.06 | −25.73% |
| Q3 2025 | 2025-09-30 | 0.10 | — | — |
| Q2 2025 | 2025-06-30 | 0.06 | — | — |
| Q1 2025 | 2025-03-31 | 0.04 | — | — |
| Q4 2024 | 2024-12-31 | 0.23 | 0.05 | +27.58% |
| Q4 2023 | 2023-12-31 | 0.18 | 0.06 | +48.15% |
| Q4 2022 | 2022-12-31 | 0.12 | 0.09 | +261.12% |
| Q4 2021 | 2021-12-31 | 0.03 | −0.19 | −85.09% |
| Q4 2020 | 2020-12-31 | 0.22 | — | — |
Nu Holdings debt-to-equity ratio trends
Over the last five fiscal years, Nu Holdings's debt-to-equity ratio decreased from 0.22 to 0.17, a change of −0.05. The latest reported quarter, Q2 2026, shows 0.36.
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.
Review Nu Holdings source filings ↗Community posts
Nu launches US services and a separate international money platform
Nu ($NU) announced its entry into the United States and introduced Nu Global as a separate international offering. The US launch includes an account delivered through FDIC-insured Lead Bank and a Mastercard credit-card proposition. The move ...