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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

Shell (SHEL) Debt to Equity (2016 - 2026)

Shell filings provide 14 years of Debt to Equity readings, the most recent being $0.33 for Q1 2026.

  • On a quarterly basis, Debt to Equity rose 39.81% to $0.33 in Q1 2026 year-over-year; TTM through Mar 2026 was $0.33, a 39.81% increase, with the full-year FY2025 number at $0.34, up 424.75% from a year prior.
  • Debt to Equity hit $0.33 in Q1 2026 for Shell, down from $0.34 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.34 in Q4 2025 to a low of $0.05 in Q4 2022.
  • Median Debt to Equity over the past 5 years was $0.23 (2024), compared with a mean of $0.21.
  • Biggest five-year swings in Debt to Equity: tumbled 33.9% in 2022 and later surged 424.75% in 2025.
  • Shell's Debt to Equity stood at $0.05 in 2022, then rose by 12.62% to $0.05 in 2023, then increased by 22.56% to $0.07 in 2024, then surged by 424.75% to $0.34 in 2025, then dropped by 2.73% to $0.33 in 2026.
  • The last three reported values for Debt to Equity were $0.33 (Q1 2026), $0.34 (Q4 2025), and $0.23 (Q3 2025) per Business Quant data.