Telus annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Telus Net Debt Growth & History (TU)
Telus's net debt was $29.05B for fiscal 2025.
View full Telus company overviewTelus annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $29.05B | $507.0M | +1.78% |
| 2024 | 2024-12-31 | $28.54B | $3.33B | +13.23% |
| 2023 | 2023-12-31 | $25.21B | $1.24B | +5.19% |
| 2022 | 2022-12-31 | $23.97B | $4.77B | +24.87% |
| 2021 | 2021-12-31 | $19.19B | −$753.0M | −3.78% |
| 2020 | 2020-12-31 | $19.95B | $1.58B | +8.59% |
| 2019 | 2019-12-31 | $18.37B | $5.32B | +40.72% |
| 2018 | 2018-12-31 | $13.05B | $1.21B | +10.18% |
| 2017 | 2017-12-31 | $11.85B | $575.0M | +5.10% |
| 2016 | 2016-12-31 | $11.27B | — | — |
Telus quarterly net debt
Q4.17
Q2.18
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
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | $29.05B | $507.0M | +1.78% |
| Q2 2025 | 2025-06-30 | $28.06B | $440.0M | +1.59% |
| Q4 2024 | 2024-12-31 | $28.54B | $3.33B | +13.23% |
| Q2 2024 | 2024-06-30 | $27.62B | $2.39B | +9.47% |
| Q4 2023 | 2023-12-31 | $25.21B | $1.24B | +5.19% |
| Q2 2023 | 2023-06-30 | $25.23B | $5.09B | +25.27% |
| Q4 2022 | 2022-12-31 | $23.97B | $4.77B | +24.87% |
| Q2 2022 | 2022-06-30 | $20.14B | $2.51B | +14.25% |
| Q4 2021 | 2021-12-31 | $19.19B | −$753.0M | −3.78% |
| Q2 2021 | 2021-06-30 | $17.63B | −$1.18B | −6.25% |
| Q4 2020 | 2020-12-31 | $19.95B | $1.58B | +8.59% |
| Q2 2020 | 2020-06-30 | $18.81B | $2.35B | +14.31% |
| Q4 2019 | 2019-12-31 | $18.37B | $5.32B | +40.72% |
| Q2 2019 | 2019-06-30 | $16.45B | $3.89B | +30.92% |
| Q4 2018 | 2018-12-31 | $13.05B | $1.21B | +10.18% |
| Q2 2018 | 2018-06-30 | $12.57B | — | — |
| Q4 2017 | 2017-12-31 | $11.85B | — | — |
Telus net debt trends
Over the last five fiscal years, Telus's net debt increased from $19.95B to $29.05B, a change of $9.11B. The latest reported quarter, Q4 2025, shows $29.05B.
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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