Equinor Asa (EQNR) Non-Current Debt (2009 - 2025)
Equinor Asa's (EQNR) quarterly Non-Current Debt came in at $23.8 billion in Q4 2025, up 22.74% on a YoY basis from $19.4 billion in Q4 2024, and up 3.75% quarter-over-quarter from $22.9 billion in Q3 2025.
Analysis
Equinor Asa (EQNR) Non-Current Debt (2009 - 2025) Analysis & Trends
Equinor Asa (EQNR) has reported Non-Current Debt for 16 consecutive years, with $23.8 billion the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Non-Current Debt rose 22.74% year-over-year to $23.8 billion; the trailing twelve-month figure through Dec 2025 stood at $23.8 billion (up 22.74% YoY), and the FY2025 full-year result was $23.8 billion, up 22.74% from the prior year.
- Non-Current Debt climbed to $23.8 billion in Q4 2025 per EQNR's latest filing, from $22.9 billion in the prior quarter.
- Across five years, Non-Current Debt topped out at $28.1 billion in Q2 2021 and bottomed at $19.4 billion in Q4 2024.
- Historically, Non-Current Debt has averaged $24.4 billion across 5 years, with a median of $24.1 billion in 2022.
- The sharpest annual moves came in 2022 and 2025: Non-Current Debt slipped 14.41% in 2022, then gained 22.74% in 2025.
- Over 5 years, Non-Current Debt stood at $27.4 billion in 2021, then dropped by 11.91% to $24.1 billion in 2022, then slipped by 7.92% to $22.2 billion in 2023, then declined by 12.91% to $19.4 billion in 2024, then gained by 22.74% to $23.8 billion in 2025.
- According to Business Quant data, Non-Current Debt over the past three periods registered $23.8 billion, $22.9 billion, and $19.4 billion for Q4 2025, Q3 2025, and Q4 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 24.60 Bn |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 64.53 Bn |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | 49.53 Bn |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | 27.70 Bn |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | - |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 18.77 Bn |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 9.20 Bn |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 2.87 Bn |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 13.54 Bn |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 23.76 Bn |
| Sep 30, 2025 | 22.90 Bn |
| Dec 31, 2024 | 19.36 Bn |
| Dec 31, 2023 | 22.23 Bn |
| Dec 31, 2022 | 24.14 Bn |
| Jun 30, 2022 | 24.06 Bn |
| Dec 31, 2021 | 27.40 Bn |
| Jun 30, 2021 | 28.11 Bn |
| Mar 31, 2021 | 27.99 Bn |
| Dec 31, 2020 | 29.12 Bn |
| Jun 30, 2020 | 28.63 Bn |
| Mar 31, 2020 | 22.91 Bn |
| Dec 31, 2019 | 21.75 Bn |
| Jun 30, 2019 | 26.26 Bn |
| Mar 31, 2019 | 26.40 Bn |
| Dec 31, 2018 | 23.26 Bn |
| Jun 30, 2018 | 23.85 Bn |
| Mar 31, 2018 | 24.61 Bn |
| Dec 31, 2017 | 24.18 Bn |
| Jun 30, 2017 | 26.67 Bn |