Novartis AG annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Novartis AG Net Debt Growth & History (NVS)
Novartis AG's net debt was $19.21B for fiscal 2025.
View full Novartis AG company overviewNovartis AG annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $19.21B | $4.15B | +27.53% |
| 2024 | 2024-12-31 | $15.07B | $6.00B | +66.25% |
| 2023 | 2023-12-31 | $9.06B | −$7.70B | −45.92% |
| 2022 | 2022-12-31 | $16.76B | $1.75B | +11.62% |
| 2021 | 2021-12-31 | $15.01B | −$5.87B | −28.10% |
| 2020 | 2020-12-31 | $20.88B | $7.69B | +58.26% |
| 2019 | 2019-12-31 | $13.19B | $803.0M | +6.48% |
| 2018 | 2018-12-31 | $12.39B | −$2.33B | −15.85% |
| 2017 | 2017-12-31 | $14.72B | $3.65B | +33.02% |
| 2016 | 2016-12-31 | $11.07B | — | — |
Novartis AG quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $41.40B | $46.20B | — |
| Q1 2026 | 2026-03-31 | $40.12B | — | — |
| Q4 2025 | 2025-12-31 | $19.21B | $4.15B | +27.53% |
| Q3 2025 | 2025-09-30 | $22.47B | — | — |
| Q2 2025 | 2025-06-30 | −$4.80B | $1.31B | — |
| Q4 2024 | 2024-12-31 | $15.07B | $6.00B | +66.25% |
| Q2 2024 | 2024-06-30 | −$6.11B | $2.98B | — |
| Q4 2023 | 2023-12-31 | $9.06B | −$7.70B | −45.92% |
| Q2 2023 | 2023-06-30 | −$9.09B | −$7.28B | — |
| Q4 2022 | 2022-12-31 | $16.76B | $1.75B | +11.62% |
| Q2 2022 | 2022-06-30 | −$1.81B | $1.36B | — |
| Q4 2021 | 2021-12-31 | $15.01B | −$5.87B | −28.10% |
| Q2 2021 | 2021-06-30 | −$3.17B | $786.0M | — |
| Q4 2020 | 2020-12-31 | $20.88B | $7.69B | +58.26% |
| Q2 2020 | 2020-06-30 | −$3.96B | $3.98B | — |
| Q4 2019 | 2019-12-31 | $13.19B | $803.0M | +6.48% |
| Q2 2019 | 2019-06-30 | −$7.95B | — | — |
| Q4 2018 | 2018-12-31 | $12.39B | −$2.33B | −15.85% |
| Q4 2017 | 2017-12-31 | $14.72B | — | — |
Novartis AG net debt trends
Over the last five fiscal years, Novartis AG's net debt decreased from $20.88B to $19.21B, a change of −$1.66B. The latest reported quarter, Q2 2026, shows $41.40B.
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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