Banco Santander (SAN) Debt Ratio (2009 - 2026)
Banco Santander's (SAN) Debt Ratio was 0.16 for Q3 2026, down 79.0% from 0.77 a year earlier and down 93.7% from the prior quarter.
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Analysis
Banco Santander (SAN) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Banco Santander was 2.07, up 100.7% from FY2024.
- By year, Debt Ratio came in at 1.03 in FY2024 (-13.0%), 1.18 in FY2023 (-0.5%), 1.19 in FY2022 (+2.2%) and 1.16 in FY2021 (-42.5%).
- The Q3 2026 figure ranks as the lowest quarterly Debt Ratio since Q2 2019.
- Year over year, Debt Ratio gained in two of the last eight quarters, with growth averaging 19.2%.
- The high point for year-over-year Debt Ratio in five years was Q2 2022 (growth of 275.7%); the low point was Q3 2026 (a decline of 79.0%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 2.56 (Q2 2026), 0.78 (Q1 2026) and 2.07 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 905.34 Bn | 905.34 Bn | - | 0.10 |
| 2 | Bank Of America | 358.56 Bn | -2,017.55 Bn | - | 0.11 |
| 3 | Hsbc Holdings | 307.13 Bn | -1,796.46 Bn | - | - |
| 4 | Royal Bank Of Canada | 287.97 Bn | -542.07 Bn | - | 0.01 |
| 5 | Morgan Stanley | 284.27 Bn | -224.82 Bn | - | 0.23 |
| 6 | Goldman Sachs | 257.96 Bn | -3,485.49 Bn | - | 0.20 |
| 7 | Wells Fargo & Company | 256.22 Bn | 256.22 Bn | - | 0.10 |
| 8 | Mitsubishi Ufj Financial | 241.27 Bn | -100.12 Bn | 10.89 Bn | 0.04 |
| 9 | American Express | 219.29 Bn | 18.77 Bn | - | 0.19 |
| 10 | Banco Santander | 179.20 Bn | -506.19 Bn | 10.56 Bn | 0.79 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.79 |
| Jun 30, 2026 | 0.79 |
| Mar 31, 2026 | 0.78 |
| Dec 31, 2025 | 2.07 |
| Sep 30, 2025 | 0.77 |
| Jun 30, 2025 | 0.77 |
| Mar 31, 2025 | 0.80 |
| Dec 31, 2024 | 1.20 |
| Sep 30, 2024 | 0.81 |
| Jun 30, 2024 | 3.66 |
| Mar 31, 2024 | 0.81 |
| Dec 31, 2023 | 1.35 |
| Sep 30, 2023 | 0.81 |
| Jun 30, 2023 | 0.81 |
| Mar 31, 2023 | 0.82 |
| Dec 31, 2022 | 1.18 |
| Sep 30, 2022 | 0.82 |
| Jun 30, 2022 | 0.83 |
| Mar 31, 2022 | 0.83 |
| Dec 31, 2021 | 1.15 |
API Access
Banco Santander 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=SAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "SAN", "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=SAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();