Ppl annual net debt
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Ppl Net Debt Growth & History (PPL)
Ppl's net debt was $18.28B for fiscal 2025.
View full Ppl company overviewPpl annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $18.28B | $1.78B | +10.78% |
| 2024 | 2024-12-31 | $16.50B | $1.14B | +7.39% |
| 2023 | 2023-12-31 | $15.36B | $1.43B | +10.25% |
| 2022 | 2022-12-31 | $13.94B | $6.23B | +80.82% |
| 2021 | 2021-12-31 | $7.71B | −$7.71B | −50.00% |
| 2020 | 2020-12-31 | $15.41B | −$6.81B | −30.65% |
| 2019 | 2019-12-31 | $22.23B | $821.0M | +3.84% |
| 2018 | 2018-12-31 | $21.41B | $618.0M | +2.97% |
| 2017 | 2017-12-31 | $20.79B | $1.88B | +9.95% |
| 2016 | 2016-12-31 | $18.91B | −$220.0M | −1.15% |
| 2015 | 2015-12-31 | $19.13B | $1.64B | +9.36% |
| 2014 | 2014-12-31 | $17.49B | −$3.25B | −15.69% |
| 2013 | 2013-12-31 | $20.75B | $1.10B | +5.63% |
| 2012 | 2012-12-31 | $19.64B | $2.27B | +13.08% |
| 2011 | 2011-12-31 | $17.37B | $4.94B | +39.71% |
| 2010 | 2010-12-31 | $12.43B | $5.45B | +78.08% |
| 2009 | 2009-12-31 | $6.98B | −$436.0M | −5.88% |
| 2008 | 2008-12-31 | $7.42B | — | — |
Ppl quarterly net debt
Q4.08
Q2.09
Q3.09
Q4.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
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Q4.12
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Q4.17
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Q3.18
Q4.18
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Q3.19
Q4.19
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Q2.20
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Q2.21
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Q4.21
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Q3.22
Q4.22
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Q2.23
Q3.23
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Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $19.99B | $2.49B | +14.21% |
| Q1 2026 | 2026-03-31 | $19.00B | $2.02B | +11.92% |
| Q4 2025 | 2025-12-31 | $18.28B | $1.78B | +10.78% |
| Q3 2025 | 2025-09-30 | $17.88B | $1.93B | +12.07% |
| Q2 2025 | 2025-06-30 | $17.50B | $1.64B | +10.33% |
| Q1 2025 | 2025-03-31 | $16.97B | $1.20B | +7.64% |
| Q4 2024 | 2024-12-31 | $16.50B | $1.14B | +7.39% |
| Q3 2024 | 2024-09-30 | $15.96B | $1.45B | +9.99% |
| Q2 2024 | 2024-06-30 | $15.86B | $1.38B | +9.49% |
| Q1 2024 | 2024-03-31 | $15.77B | $1.64B | +11.64% |
| Q4 2023 | 2023-12-31 | $15.36B | $1.43B | +10.25% |
| Q3 2023 | 2023-09-30 | $14.51B | $1.06B | +7.89% |
| Q2 2023 | 2023-06-30 | $14.49B | $1.18B | +8.89% |
| Q1 2023 | 2023-03-31 | $14.13B | $6.25B | +79.30% |
| Q4 2022 | 2022-12-31 | $13.94B | $6.23B | +80.82% |
| Q3 2022 | 2022-09-30 | $13.45B | $7.08B | +111.05% |
| Q2 2022 | 2022-06-30 | $13.31B | $7.64B | +134.84% |
| Q1 2022 | 2022-03-31 | $7.88B | −$7.94B | −50.19% |
| Q4 2021 | 2021-12-31 | $7.71B | −$7.71B | −50.00% |
| Q3 2021 | 2021-09-30 | $6.37B | −$17.02B | −72.76% |
| Q2 2021 | 2021-06-30 | $5.67B | −$17.04B | −75.05% |
| Q1 2021 | 2021-03-31 | $15.82B | −$6.80B | −30.08% |
| Q4 2020 | 2020-12-31 | $15.41B | −$6.81B | −30.65% |
| Q3 2020 | 2020-09-30 | $23.39B | $1.02B | +4.56% |
| Q2 2020 | 2020-06-30 | $22.71B | $293.0M | +1.31% |
| Q1 2020 | 2020-03-31 | $22.62B | $310.0M | +1.39% |
| Q4 2019 | 2019-12-31 | $22.23B | $821.0M | +3.84% |
| Q3 2019 | 2019-09-30 | $22.37B | $1.41B | +6.72% |
| Q2 2019 | 2019-06-30 | $22.41B | $981.0M | +4.58% |
| Q1 2019 | 2019-03-31 | $22.31B | $1.02B | +4.79% |
| Q4 2018 | 2018-12-31 | $21.41B | $618.0M | +2.97% |
| Q3 2018 | 2018-09-30 | $20.96B | $868.0M | +4.32% |
| Q2 2018 | 2018-06-30 | $21.43B | $1.33B | +6.64% |
| Q1 2018 | 2018-03-31 | $21.29B | $1.66B | +8.46% |
| Q4 2017 | 2017-12-31 | $20.79B | $1.88B | +9.95% |
| Q3 2017 | 2017-09-30 | $20.09B | $1.36B | +7.27% |
| Q2 2017 | 2017-06-30 | $20.10B | $566.0M | +2.90% |
| Q1 2017 | 2017-03-31 | $19.63B | $622.0M | +3.27% |
| Q4 2016 | 2016-12-31 | $18.91B | −$220.0M | −1.15% |
| Q3 2016 | 2016-09-30 | $18.73B | −$49.0M | −0.26% |
| Q2 2016 | 2016-06-30 | $19.53B | $1.18B | +6.40% |
| Q1 2016 | 2016-03-31 | $19.01B | −$1.78B | −8.55% |
| Q4 2015 | 2015-12-31 | $19.13B | $1.64B | +9.36% |
| Q3 2015 | 2015-09-30 | $18.78B | −$2.08B | −9.98% |
| Q2 2015 | 2015-06-30 | $18.36B | −$2.57B | −12.28% |
| Q1 2015 | 2015-03-31 | $20.79B | −$353.0M | −1.67% |
| Q4 2014 | 2014-12-31 | $17.49B | −$3.25B | −15.69% |
| Q3 2014 | 2014-09-30 | $20.86B | $1.81B | +9.51% |
| Q2 2014 | 2014-06-30 | $20.93B | $805.0M | +4.00% |
| Q1 2014 | 2014-03-31 | $21.14B | $1.30B | +6.56% |
| Q4 2013 | 2013-12-31 | $20.75B | $1.10B | +5.63% |
| Q3 2013 | 2013-09-30 | $19.05B | $447.0M | +2.40% |
| Q2 2013 | 2013-06-30 | $20.12B | $1.50B | +8.07% |
| Q1 2013 | 2013-03-31 | $19.84B | $2.19B | +12.43% |
| Q4 2012 | 2012-12-31 | $19.64B | $2.27B | +13.08% |
| Q3 2012 | 2012-09-30 | $18.60B | $1.51B | +8.83% |
| Q2 2012 | 2012-06-30 | $18.62B | $1.42B | +8.27% |
| Q1 2012 | 2012-03-31 | $17.65B | $5.26B | +42.49% |
| Q4 2011 | 2011-12-31 | $17.37B | $4.94B | +39.71% |
| Q3 2011 | 2011-09-30 | $17.09B | $12.93B | +310.22% |
| Q2 2011 | 2011-06-30 | $17.20B | $12.52B | +268.07% |
| Q1 2011 | 2011-03-31 | $12.38B | $5.87B | +90.04% |
| Q4 2010 | 2010-12-31 | $12.43B | $5.45B | +78.08% |
| Q3 2010 | 2010-09-30 | $4.17B | −$3.01B | −41.92% |
| Q2 2010 | 2010-06-30 | $4.67B | −$2.68B | −36.42% |
| Q1 2010 | 2010-03-31 | $6.52B | — | — |
| Q4 2009 | 2009-12-31 | $6.98B | −$436.0M | −5.88% |
| Q3 2009 | 2009-09-30 | $7.17B | — | — |
| Q2 2009 | 2009-06-30 | $7.35B | — | — |
| Q4 2008 | 2008-12-31 | $7.42B | — | — |
Ppl net debt trends
Over the last five fiscal years, Ppl's net debt increased from $15.41B to $18.28B, a change of $2.86B. The latest reported quarter, Q2 2026, shows $19.99B.
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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