Novartis AG annual debt-to-assets ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Novartis AG Debt-to-Assets Ratio Growth & History (NVS)
Novartis AG's debt-to-assets ratio was 0.28 for fiscal 2025.
View full Novartis AG company overviewNovartis AG annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.28 | 0.02 | +6.48% |
| 2024 | 2024-12-31 | 0.26 | 0.03 | +15.47% |
| 2023 | 2023-12-31 | 0.22 | 0.02 | +8.71% |
| 2022 | 2022-12-31 | 0.21 | −0.00 | −0.66% |
| 2021 | 2021-12-31 | 0.21 | −0.03 | −12.94% |
| 2020 | 2020-12-31 | 0.24 | 0.03 | +16.39% |
| 2019 | 2019-12-31 | 0.21 | 0.03 | +16.47% |
| 2018 | 2018-12-31 | 0.18 | −0.00 | −0.52% |
| 2017 | 2017-12-31 | 0.18 | 0.04 | +27.58% |
| 2016 | 2016-12-31 | 0.14 | — | — |
Novartis AG quarterly debt-to-assets ratio
Q4.17
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-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.40 | 0.38 | +2162.81% |
| Q1 2026 | 2026-03-31 | 0.40 | — | — |
| Q4 2025 | 2025-12-31 | 0.28 | 0.02 | +6.48% |
| Q3 2025 | 2025-09-30 | 0.30 | — | — |
| Q2 2025 | 2025-06-30 | 0.02 | −0.00 | −3.42% |
| Q4 2024 | 2024-12-31 | 0.26 | 0.03 | +15.47% |
| Q2 2024 | 2024-06-30 | 0.02 | 0.00 | +13.82% |
| Q4 2023 | 2023-12-31 | 0.22 | 0.02 | +8.71% |
| Q2 2023 | 2023-06-30 | 0.02 | 0.00 | +9.65% |
| Q4 2022 | 2022-12-31 | 0.21 | −0.00 | −0.66% |
| Q2 2022 | 2022-06-30 | 0.01 | −0.00 | −5.96% |
| Q4 2021 | 2021-12-31 | 0.21 | −0.03 | −12.94% |
| Q2 2021 | 2021-06-30 | 0.02 | −0.00 | −0.92% |
| Q4 2020 | 2020-12-31 | 0.24 | 0.03 | +16.39% |
| Q2 2020 | 2020-06-30 | 0.02 | −0.00 | −10.17% |
| Q4 2019 | 2019-12-31 | 0.21 | 0.03 | +16.47% |
| Q2 2019 | 2019-06-30 | 0.02 | — | — |
| Q4 2018 | 2018-12-31 | 0.18 | −0.00 | −0.52% |
| Q4 2017 | 2017-12-31 | 0.18 | — | — |
Novartis AG debt-to-assets ratio trends
Over the last five fiscal years, Novartis AG's debt-to-assets ratio increased from 0.24 to 0.28, a change of 0.04. The latest reported quarter, Q2 2026, shows 0.40.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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