Unilever annual net debt
2018
2019
2020
2021
2022
2023
2024
2025
Unilever Net Debt Growth & History (ULVR)
Unilever's net debt was €23.42B for fiscal 2025.
View full Unilever company overviewUnilever annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | €23.42B | −€575.0M | −2.40% |
| 2024 | 2024-12-31 | €24.00B | €70.0M | +0.29% |
| 2023 | 2023-12-31 | €23.93B | €334.0M | +1.42% |
| 2022 | 2022-12-31 | €23.59B | €25.36B | — |
| 2021 | 2021-12-31 | −€1.77B | €2.01B | — |
| 2020 | 2020-12-31 | −€3.78B | −€1.51B | — |
| 2019 | 2019-12-31 | −€2.27B | −€1.02B | — |
| 2018 | 2018-12-31 | −€1.25B | — | — |
Unilever quarterly net debt
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | €23.42B | −€575.0M | −2.40% |
| Q4 2024 | 2024-12-31 | €24.00B | €70.0M | +0.29% |
| Q4 2023 | 2023-12-31 | €23.93B | €334.0M | +1.42% |
| Q4 2022 | 2022-12-31 | €23.59B | €25.36B | — |
| Q4 2021 | 2021-12-31 | −€1.77B | €2.01B | — |
| Q4 2020 | 2020-12-31 | −€3.78B | −€1.51B | — |
| Q4 2019 | 2019-12-31 | −€2.27B | −€1.02B | — |
| Q4 2018 | 2018-12-31 | −€1.25B | — | — |
Unilever net debt trends
Over the last five fiscal years, Unilever's net debt increased from −€3.78B to €23.42B, a change of €27.20B. The latest reported quarter, Q4 2025, shows €23.42B.
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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