NatWest (NWG) Debt to Equity (2009 - 2025)
NatWest (NWG) posted Debt to Equity of $1.61 for Q1 2026, up 1.36% quarter-over-quarter from $1.59 in Q4 2025, and up 8.06% year-on-year from $1.49 in Q1 2025.
NatWest (NWG) Debt to Equity (2009 - 2025) Analysis & Trends
NatWest (NWG) has reported Debt to Equity for 18 consecutive years, with $1.61 the latest figure, recorded in Q1 2026.
- Debt to Equity for Q1 2026 came in at $1.61, up 8.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.61 (up 8.06% YoY), and the FY2025 annual result was $1.59, up 2.22% from the prior year.
- Debt to Equity was $1.61 for Q1 2026 at NatWest, up from $1.59 in the prior quarter.
- Over five years, Debt to Equity peaked at $1.65 in Q3 2024 and troughed at $1.22 in Q1 2022.
- Average Debt to Equity over 5 years is $1.5, with a median of $1.55 recorded in 2024.
- Year-over-year, Debt to Equity gained 29.73% in 2023 and slipped 8.16% in 2025.
- Over 5 years, Debt to Equity stood at $1.35 in 2022, then gained by 10.09% to $1.48 in 2023, then increased by 4.8% to $1.55 in 2024, then grew by 2.22% to $1.59 in 2025, then gained by 1.36% to $1.61 in 2026.
- Per Business Quant data, the three most recent Debt to Equity figures were $1.61 in Q1 2026, $1.59 in Q4 2025, and $1.6 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Credicorp | 511.03 Bn | 511.66 Bn | - | - |
| 2 | Pnc Financial Services | 101.91 Bn | 101.96 Bn | - | 0.34 |
| 3 | Us Bancorp | 96.29 Bn | 96.75 Bn | - | 0.27 |
| 4 | Nu Holdings | 64.57 Bn | 49.53 Bn | 1.94 Bn | 0.23 |
| 5 | Truist Financial | 63.56 Bn | 63.56 Bn | - | 0.43 |
| 6 | Commerce Bancshares | 43.62 Bn | 43.47 Bn | - | 0.00 |
| 7 | Fifth Third Bancorp | 38.43 Bn | 16.06 Bn | - | 0.04 |
| 8 | Trico Bancshares | 37.02 Bn | 36.71 Bn | - | 0.01 |
| 9 | M&T Bank | 36.11 Bn | 36.11 Bn | - | 0.28 |
| 10 | NatWest | - | - | 1.79 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 1.59 |
| Dec 31, 2024 | 1.55 |
| Dec 31, 2023 | 1.48 |
| Dec 31, 2022 | 1.35 |
| Dec 31, 2021 | 1.18 |
| Dec 31, 2020 | 1.05 |
| Sep 30, 2020 | 1.13 |
| Jun 30, 2020 | 1.15 |
| Mar 31, 2020 | 1.08 |
| Dec 31, 2019 | 2.62 |
| Sep 30, 2019 | 1.08 |
| Jun 30, 2019 | -1.37 |
| Mar 31, 2019 | 0.92 |
| Dec 31, 2018 | 4.12 |
| Sep 30, 2018 | 10.79 |
| Jun 30, 2018 | -0.01 |
| Jun 30, 2017 | 5.36 |
| Dec 31, 2016 | 34.08 |
| Jun 30, 2016 | 5.01 |
| Dec 31, 2015 | 37.87 |