Equinor Asa (EQNR) Debt Ratio (2009 - 2026)
Equinor Asa's (EQNR) Debt Ratio was 16.74 for Q3 2026, compared with 0.20 a year earlier and down 6.2% from the prior quarter.
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Analysis
Equinor Asa (EQNR) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Equinor Asa was 0.21, up 4.1% from FY2024.
- Debt Ratio has increased for three consecutive years.
- By year, Debt Ratio came in at 0.20 in FY2024 (+3.1%), 0.20 in FY2023 (+9.0%), 0.18 in FY2022 (-18.8%) and 0.22 in FY2021 (-17.8%).
- Five-year quarterly Debt Ratio spans a low of 0.18 in Q4 2022 and a high of 21.13 in Q2 2025.
- Year over year, Debt Ratio gained in two of the last four quarters, with an average decline of 2.2%.
- The high point for year-over-year Debt Ratio in five years was Q4 2023 (growth of 9.0%); the low point was Q2 2022 (a decline of 20.9%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 17.84 (Q2 2026), 18.29 (Q1 2026) and 0.21 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 0.09 |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | 0.11 |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | 0.16 |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | 0.18 |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 0.19 |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 16.74 |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 0.22 |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | 0.10 |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | 0.22 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.74 |
| Jun 30, 2026 | 17.84 |
| Mar 31, 2026 | 18.29 |
| Dec 31, 2025 | 0.21 |
| Sep 30, 2025 | 0.20 |
| Jun 30, 2025 | 21.13 |
| Mar 31, 2025 | 18.38 |
| Dec 31, 2024 | 0.20 |
| Dec 31, 2023 | 0.20 |
| Dec 31, 2022 | 0.18 |
| Jun 30, 2022 | 0.20 |
| Dec 31, 2021 | 0.22 |
| Jun 30, 2021 | 0.25 |
| Mar 31, 2021 | 0.26 |
| Dec 31, 2020 | 0.27 |
| Jun 30, 2020 | 0.29 |
| Mar 31, 2020 | 0.27 |
| Dec 31, 2019 | 0.21 |
| Sep 30, 2019 | 0.36 |
| Jun 30, 2019 | 0.25 |
API Access
Equinor Asa Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=EQNR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "EQNR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=EQNR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();