National Steel annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
National Steel Net Debt Growth & History (SID)
National Steel's net debt was R$39.60B for fiscal 2025.
View full National Steel company overviewNational Steel annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | R$39.60B | R$4.51B | +12.85% |
| 2024 | 2024-12-31 | R$35.09B | R$4.93B | +16.34% |
| 2023 | 2023-12-31 | R$30.16B | R$18.0M | +0.06% |
| 2022 | 2022-12-31 | R$30.14B | R$13.42B | +80.29% |
| 2021 | 2021-12-31 | R$16.72B | −R$9.24B | −35.58% |
| 2020 | 2020-12-31 | R$25.96B | R$14.80B | +132.57% |
| 2019 | 2019-12-31 | R$11.16B | R$7.75B | +227.00% |
| 2018 | 2018-12-31 | R$3.41B | R$5.30B | — |
| 2017 | 2017-12-31 | −R$1.88B | −R$27.45B | — |
| 2016 | 2016-12-31 | R$25.57B | — | — |
National Steel quarterly net debt
Q4.17
Q4.18
Q4.19
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | R$40.78B | R$6.44B | +18.76% |
| Q1 2026 | 2026-03-31 | R$38.66B | R$5.19B | +15.49% |
| Q4 2025 | 2025-12-31 | R$39.60B | R$4.51B | +12.85% |
| Q3 2025 | 2025-09-30 | R$36.71B | — | — |
| Q2 2025 | 2025-06-30 | R$34.34B | — | — |
| Q1 2025 | 2025-03-31 | R$33.48B | — | — |
| Q4 2024 | 2024-12-31 | R$35.09B | R$4.93B | +16.34% |
| Q4 2023 | 2023-12-31 | R$30.16B | R$18.0M | +0.06% |
| Q4 2022 | 2022-12-31 | R$30.14B | R$13.42B | +80.29% |
| Q4 2021 | 2021-12-31 | R$16.72B | −R$9.24B | −35.58% |
| Q4 2020 | 2020-12-31 | R$25.96B | R$14.80B | +132.57% |
| Q4 2019 | 2019-12-31 | R$11.16B | R$7.75B | +227.00% |
| Q4 2018 | 2018-12-31 | R$3.41B | R$5.30B | — |
| Q4 2017 | 2017-12-31 | −R$1.88B | — | — |
National Steel net debt trends
Over the last five fiscal years, National Steel's net debt increased from R$25.96B to R$39.60B, a change of R$13.64B. The latest reported quarter, Q2 2026, shows R$40.78B.
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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