Orange annual net debt
2018
2019
2020
2021
2022
2023
2024
2025
Orange Net Debt Growth & History (ORA)
Orange's net debt was −€4.64B for fiscal 2025.
View full Orange company overviewOrange annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −€4.64B | −€38.26B | — |
| 2024 | 2024-12-31 | €33.61B | −€5.32B | −13.67% |
| 2023 | 2023-12-31 | €38.94B | −€102.0M | −0.26% |
| 2022 | 2022-12-31 | €39.04B | €4.25B | +12.22% |
| 2021 | 2021-12-31 | €34.79B | €302.0M | +0.88% |
| 2020 | 2020-12-31 | €34.48B | −€3.04B | −8.10% |
| 2019 | 2019-12-31 | €37.52B | €31.42B | +514.74% |
| 2018 | 2018-12-31 | €6.10B | — | — |
Orange quarterly net debt
Q2.20
Q4.20
Q4.22
Q2.23
Q4.23
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −€446.0M | −€414.0M | — |
| Q4 2025 | 2025-12-31 | −€4.64B | — | — |
| Q2 2025 | 2025-06-30 | −€32.0M | — | — |
| Q4 2023 | 2023-12-31 | €38.94B | −€102.0M | −0.26% |
| Q2 2023 | 2023-06-30 | €40.02B | — | — |
| Q4 2022 | 2022-12-31 | €39.04B | — | — |
| Q4 2020 | 2020-12-31 | €34.48B | — | — |
| Q2 2020 | 2020-06-30 | €159.0M | — | — |
Orange net debt trends
Over the last five fiscal years, Orange's net debt decreased from €34.48B to −€4.64B, a change of −€39.13B. The latest reported quarter, Q2 2026, shows −€446.0M.
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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