70/100B2.81000
USD
0.04
(1.26%)
Post Trading·2.81000USD0.00000(0.00%)
Fair value2.66Plus+6%2Price 2.814
Q4 FY2026 · Earnings report
EPS estimate 0.06Revenue estimate 4.77B
Q4 FY2026 · Earnings report
EPS estimate 0.06Revenue estimate 4.77B
Ambev SA total debt 1997–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Ambev SA's total debt was 2.71B BRL on 30 September 2026, down 6.3% on a year before. At the end of fiscal year 2025 it was 3.39B BRL.
Last updated 7 Nov 2026 · Next report 11 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 2.71B | -6.26% | 21.91B | 19.20B | 0.03 |
| FY2025 | 31 Dec 2025 | 3.39B | -1.91% | 20.32B | 16.93B | 0.04 |
| FY2024 | 31 Dec 2024 | 3.45B | -1.38% | 29.84B | 26.39B | 0.04 |
| FY2023 | 31 Dec 2023 | 3.50B | -8.94% | 16.34B | 12.84B | 0.04 |
| FY2022 | 31 Dec 2022 | 3.85B | +22.80% | 15.38B | 11.54B | 0.05 |
| FY2021 | 31 Dec 2021 | 3.13B | -34.66% | 18.54B | 15.41B | 0.04 |
| FY2020 | 31 Dec 2020 | 4.79B | +56.47% | 18.79B | 14.00B | 0.06 |
| FY2019 | 31 Dec 2019 | 3.06B | -25.36% | 11.92B | 8.85B | 0.05 |
| FY2018 | 31 Dec 2018 | 4.10B | -10.13% | 11.48B | 7.37B | 0.07 |
| FY2017 | 31 Dec 2017 | 4.57B | -15.39% | 10.35B | 5.79B | 0.10 |
| FY2016 | 31 Dec 2016 | 5.40B | +49.81% | 8.16B | 2.76B | 0.12 |
| FY2015 | 31 Dec 2015 | 3.60B | +32.34% | 13.84B | 10.23B | 0.07 |
| FY2014 | 31 Dec 2014 | 2.72B | -6.33% | 10.44B | 7.71B | 0.06 |
| FY2013 | 31 Dec 2013 | 2.91B | -8.46% | 11.57B | 8.67B | 0.07 |
| FY2012 | 31 Dec 2012 | 3.17B | -22.85% | 9.40B | 6.23B | 0.12 |
| FY2011 | 31 Dec 2011 | 4.11B | -39.24% | 8.27B | 4.16B | 0.18 |
| FY2010 | 31 Dec 2010 | 6.77B | -6.98% | 6.98B | 207.20M | 0.28 |
| FY2009 | 31 Dec 2009 | 7.28B | -31.81% | 4.12B | -3.16B | 0.33 |
| FY2008 | 31 Dec 2008 | 10.68B | +8.19% | 3.30B | -7.38B | 0.51 |
| FY2007 | 31 Dec 2007 | 9.87B | +3.15% | 2.48B | -7.39B | 0.54 |
| FY2006 | 31 Dec 2006 | 9.57B | +32.89% | 1.76B | -7.81B | 0.50 |
| FY2005 | 31 Dec 2005 | 7.20B | -7.85% | 1.10B | -6.10B | 0.36 |
| FY2004 | 31 Dec 2004 | 7.81B | +30.64% | 1.51B | -6.31B | 0.46 |
| FY2003 | 31 Dec 2003 | 5.98B | +33.29% | 2.69B | -3.29B | 1.39 |
| FY2002 | 31 Dec 2002 | 4.49B | -1.81% | 3.50B | -981.80M | 1.09 |
| FY2001 | 31 Dec 2001 | 4.57B | +108.39% | 2.54B | -2.03B | 1.36 |
| FY2000 | 31 Dec 2000 | 2.19B | +10.65% | 1.03B | -1.16B | 0.71 |
| FY1999 | 31 Dec 1999 | 1.98B | +4.85% | 1.70B | -284.18M | 1.23 |
| FY1998 | 31 Dec 1998 | 1.89B | +19.44% | 1.09B | -802.97M | 1.32 |
| FY1997 | 31 Dec 1997 | 1.58B | — | 884.21M | -698.06M | 1.02 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 2.71B | -6.26% | 21.91B | 19.20B | 0.03 |
| Q2 FY2026 | 30 Jun 2026 | 2.95B | -6.61% | 18.35B | 15.40B | 0.03 |
| Q1 FY2026 | 31 Mar 2026 | 3.11B | -3.49% | 19.64B | 16.53B | 0.03 |
| Q4 FY2025 | 31 Dec 2025 | 3.39B | -1.91% | 20.32B | 16.93B | 0.04 |
| Q3 FY2025 | 30 Sept 2025 | 2.90B | -14.32% | 19.84B | 16.94B | 0.03 |
| Q2 FY2025 | 30 Jun 2025 | 3.16B | -8.63% | 17.52B | 14.37B | 0.03 |
| Q1 FY2025 | 31 Mar 2025 | 3.22B | -15.70% | 20.31B | 17.09B | 0.03 |
| Q4 FY2024 | 31 Dec 2024 | 3.45B | -1.38% | 29.84B | 26.39B | 0.04 |
| Q3 FY2024 | 30 Sept 2024 | 3.38B | -9.11% | 20.94B | 17.56B | 0.03 |
| Q2 FY2024 | 30 Jun 2024 | 3.46B | -15.63% | 15.34B | 11.89B | 0.04 |
| Q1 FY2024 | 31 Mar 2024 | 3.82B | -3.27% | 13.92B | 10.10B | 0.04 |
| Q4 FY2023 | 31 Dec 2023 | 3.50B | -8.94% | 16.34B | 12.84B | 0.04 |
| Q3 FY2023 | 30 Sept 2023 | 3.72B | +8.77% | 17.64B | 13.92B | 0.04 |
| Q2 FY2023 | 30 Jun 2023 | 4.10B | +10.27% | 12.43B | 8.33B | 0.05 |
| Q1 FY2023 | 31 Mar 2023 | 3.95B | +28.22% | 12.58B | 8.63B | 0.05 |
| Q4 FY2022 | 31 Dec 2022 | 3.85B | +22.80% | 15.38B | 11.54B | 0.05 |
| Q3 FY2022 | 30 Sept 2022 | 3.42B | +5.56% | 19.06B | 15.64B | 0.04 |
| Q2 FY2022 | 30 Jun 2022 | 3.71B | +20.42% | 15.66B | 11.95B | 0.04 |
| Q1 FY2022 | 31 Mar 2022 | 3.08B | -38.78% | 14.23B | 11.16B | 0.04 |
| Q4 FY2021 | 31 Dec 2021 | 3.13B | -34.66% | 18.54B | 15.41B | 0.04 |
| Q3 FY2021 | 30 Sept 2021 | 3.24B | -57.00% | 20.00B | 16.76B | 0.04 |
| Q2 FY2021 | 30 Jun 2021 | 3.08B | -58.73% | 14.51B | 11.43B | 0.04 |
| Q1 FY2021 | 31 Mar 2021 | 5.03B | +44.73% | 19.34B | 14.31B | 0.06 |
| Q4 FY2020 | 31 Dec 2020 | 4.79B | +56.47% | 18.79B | 14.00B | 0.06 |
| Q3 FY2020 | 30 Sept 2020 | 7.53B | +84.20% | 23.10B | 15.57B | 0.10 |
| Q2 FY2020 | 30 Jun 2020 | 7.47B | +51.40% | 17.48B | 10.01B | 0.10 |
| Q1 FY2020 | 31 Mar 2020 | 3.47B | -31.70% | 13.25B | 9.78B | 0.05 |
| Q4 FY2019 | 31 Dec 2019 | 3.06B | -25.36% | 11.92B | 8.85B | 0.05 |
| Q3 FY2019 | 30 Sept 2019 | 4.09B | -18.30% | 15.03B | 10.94B | 0.06 |
| Q2 FY2019 | 30 Jun 2019 | 4.94B | +1.60% | 14.25B | 9.31B | 0.08 |
| Q1 FY2019 | 31 Mar 2019 | 5.09B | +13.82% | 12.84B | 7.75B | 0.09 |
| Q4 FY2018 | 31 Dec 2018 | 4.10B | -10.13% | 11.48B | 7.37B | 0.07 |
| Q3 FY2018 | 30 Sept 2018 | 5.01B | +50.36% | 12.24B | 7.23B | 0.08 |
| Q2 FY2018 | 30 Jun 2018 | 4.86B | -1.75% | 10.63B | 5.77B | 0.09 |
| Q1 FY2018 | 31 Mar 2018 | 4.47B | -12.98% | 7.97B | 3.50B | 0.09 |
| Q4 FY2017 | 31 Dec 2017 | 4.57B | -15.39% | 10.35B | 5.79B | 0.10 |
| Q3 FY2017 | 30 Sept 2017 | 3.33B | -25.00% | 8.35B | 5.02B | 0.07 |
| Q2 FY2017 | 30 Jun 2017 | 4.94B | +29.76% | 8.77B | 3.82B | 0.10 |
| Q1 FY2017 | 31 Mar 2017 | 5.13B | +29.65% | 7.24B | 2.11B | 0.11 |
| Q4 FY2016 | 31 Dec 2016 | 5.40B | +49.81% | 8.16B | 2.76B | 0.12 |
| Q3 FY2016 | 30 Sept 2016 | 4.44B | +39.76% | 7.56B | 3.12B | 0.09 |
| Q2 FY2016 | 30 Jun 2016 | 3.81B | +33.32% | 5.99B | 2.18B | 0.09 |
| Q1 FY2016 | 31 Mar 2016 | 3.96B | +37.21% | 6.22B | 2.26B | 0.08 |
| Q4 FY2015 | 31 Dec 2015 | 3.60B | +32.34% | 13.84B | 10.23B | 0.07 |
| Q3 FY2015 | 30 Sept 2015 | 3.18B | +11.07% | 10.40B | 7.22B | 0.07 |
| Q2 FY2015 | 30 Jun 2015 | 2.86B | -1.61% | 7.68B | 4.82B | 0.06 |
| Q1 FY2015 | 31 Mar 2015 | 2.89B | +4.76% | 8.01B | 5.12B | 0.07 |
| Q4 FY2014 | 31 Dec 2014 | 2.72B | -6.33% | 10.44B | 7.71B | 0.06 |
| Q3 FY2014 | 30 Sept 2014 | 2.86B | -4.69% | 6.27B | 3.41B | 0.07 |
| Q2 FY2014 | 30 Jun 2014 | 2.91B | -3.45% | 6.65B | 3.75B | 0.07 |
| Q1 FY2014 | 31 Mar 2014 | 2.75B | -8.11% | 7.71B | 4.95B | 0.07 |
| Q4 FY2013 | 31 Dec 2013 | 2.91B | -8.46% | 11.57B | 8.67B | 0.07 |
| Q3 FY2013 | 30 Sept 2013 | 3.00B | -0.28% | 5.45B | 2.45B | 0.08 |
| Q2 FY2013 | 30 Jun 2013 | 3.01B | -27.42% | 4.92B | 1.91B | 0.10 |
| Q1 FY2013 | 31 Mar 2013 | 3.00B | -21.78% | 4.02B | 1.03B | 0.10 |
| Q4 FY2012 | 31 Dec 2012 | 3.17B | -22.85% | 9.40B | 6.23B | 0.12 |
| Q3 FY2012 | 30 Sept 2012 | 3.01B | -43.46% | 5.15B | 2.14B | 0.11 |
| Q2 FY2012 | 30 Jun 2012 | 4.15B | -18.42% | 5.14B | 989.79M | 0.16 |
| Q1 FY2012 | 31 Mar 2012 | 3.83B | -42.11% | 8.18B | 4.34B | 0.14 |
| Q4 FY2011 | 31 Dec 2011 | 4.11B | -39.24% | 8.27B | 4.16B | 0.18 |
| Q3 FY2011 | 30 Sept 2011 | 5.32B | -32.49% | 6.62B | 1.30B | 0.21 |
| Q2 FY2011 | 30 Jun 2011 | 5.08B | -32.11% | 5.77B | 686.09M | 0.20 |
| Q1 FY2011 | 31 Mar 2011 | 6.62B | -16.89% | 5.70B | -916.56M | 0.27 |
| Q4 FY2010 | 31 Dec 2010 | 6.77B | -6.98% | 6.98B | 207.20M | 0.28 |
| Q3 FY2010 | 30 Sept 2010 | 7.88B | -7.54% | 7.89B | 6.21M | 0.33 |
| Q2 FY2010 | 30 Jun 2010 | 7.49B | -20.90% | 5.97B | -1.51B | 0.31 |
| Q1 FY2010 | 31 Mar 2010 | 7.97B | -25.17% | 5.65B | -2.32B | 0.35 |
| Q4 FY2009 | 31 Dec 2009 | 7.28B | -31.81% | 4.12B | -3.16B | 0.33 |
| Q3 FY2009 | 30 Sept 2009 | 8.53B | -20.55% | 4.13B | -4.40B | 0.40 |
| Q2 FY2009 | 30 Jun 2009 | 9.46B | -5.60% | 4.28B | -5.18B | 0.44 |
| Q1 FY2009 | 31 Mar 2009 | 10.65B | +3.93% | 4.27B | -6.38B | 0.49 |
| Q4 FY2008 | 31 Dec 2008 | 10.68B | +8.19% | 3.30B | -7.38B | 0.51 |
| Q3 FY2008 | 30 Sept 2008 | 10.73B | +12.94% | 2.06B | -8.67B | 0.66 |
| Q2 FY2008 | 30 Jun 2008 | 10.03B | -1.70% | 1.90B | -8.13B | 0.60 |
| Q1 FY2008 | 31 Mar 2008 | 10.24B | +2.96% | 2.03B | -8.21B | 0.59 |
| Q4 FY2007 | 31 Dec 2007 | 9.87B | +3.15% | 2.48B | -7.39B | 0.54 |
| Q3 FY2007 | 30 Sept 2007 | 9.50B | +6.48% | 2.02B | -7.48B | 0.56 |
| Q2 FY2007 | 30 Jun 2007 | 10.20B | +48.41% | 1.49B | -8.71B | 0.57 |
| Q1 FY2007 | 31 Mar 2007 | 9.95B | +46.96% | 1.86B | -8.09B | 0.53 |
| Q4 FY2006 | 31 Dec 2006 | 9.57B | +32.89% | 1.76B | -7.81B | 0.50 |
| Q3 FY2006 | 30 Sept 2006 | 8.92B | +25.17% | 1.59B | -7.33B | 0.46 |
| Q2 FY2006 | 30 Jun 2006 | 6.87B | -2.13% | 1.59B | -5.28B | 0.35 |
| Q1 FY2006 | 31 Mar 2006 | 6.77B | -19.24% | 1.36B | -5.41B | 0.35 |
| Q4 FY2005 | 31 Dec 2005 | 7.20B | -7.85% | 1.10B | -6.10B | 0.36 |
| Q3 FY2005 | 30 Sept 2005 | 7.13B | -7.55% | 1.06B | -6.07B | 0.36 |
| Q2 FY2005 | 30 Jun 2005 | 7.02B | +8.95% | 1.10B | -5.92B | 0.41 |
| Q1 FY2005 | 31 Mar 2005 | 8.38B | +34.79% | 1.09B | -7.29B | 0.50 |
| Q4 FY2004 | 31 Dec 2004 | 7.81B | +30.64% | 1.51B | -6.31B | 0.46 |
| Q3 FY2004 | 30 Sept 2004 | 7.71B | +28.81% | 1.33B | -6.38B | 0.44 |
| Q2 FY2004 | 30 Jun 2004 | 6.44B | +54.73% | 2.40B | -4.04B | 1.63 |
| Q1 FY2004 | 31 Mar 2004 | 6.22B | +28.17% | 2.61B | -3.61B | 1.43 |
| Q4 FY2003 | 31 Dec 2003 | 5.98B | +33.29% | 2.69B | -3.29B | 1.39 |
| Q3 FY2003 | 30 Sept 2003 | 5.99B | +12.36% | 3.18B | -2.81B | 1.49 |
| Q2 FY2003 | 30 Jun 2003 | 4.16B | -14.95% | 1.58B | -2.59B | 0.97 |
| Q1 FY2003 | 31 Mar 2003 | 4.85B | +11.54% | 2.08B | -2.78B | 1.06 |
| Q4 FY2002 | 31 Dec 2002 | 4.49B | -1.81% | 3.50B | -981.80M | 1.09 |
| Q3 FY2002 | 30 Sept 2002 | 5.33B | +42.42% | 3.60B | -1.73B | 1.38 |
| Q2 FY2002 | 30 Jun 2002 | 4.90B | +87.41% | 3.08B | -1.82B | 1.42 |
| Q1 FY2002 | 31 Mar 2002 | 4.35B | +80.13% | 2.27B | -2.08B | 1.39 |
| Q4 FY2001 | 31 Dec 2001 | 4.57B | +108.39% | 2.54B | -2.03B | 1.36 |
| Q3 FY2001 | 30 Sept 2001 | 3.74B | +183.98% | 1.93B | -1.81B | 1.14 |
| Q2 FY2001 | 30 Jun 2001 | 2.61B | -2.18% | 1.04B | -1.57B | 0.84 |
| Q1 FY2001 | 31 Mar 2001 | 2.42B | +28.93% | 952.83M | -1.46B | 0.74 |
| Q4 FY2000 | 31 Dec 2000 | 2.19B | +10.65% | 1.03B | -1.16B | 0.71 |
| Q3 FY2000 | 30 Sept 2000 | 1.32B | -33.76% | 822.24M | -495.19M | 0.44 |
| Q2 FY2000 | 30 Jun 2000 | 2.67B | +37.59% | 1.07B | -1.60B | 2.22 |
| Q1 FY2000 | 31 Mar 2000 | 1.87B | -14.64% | 1.67B | -198.24M | 1.05 |
| Q4 FY1999 | 31 Dec 1999 | 1.98B | +4.85% | 1.70B | -284.18M | 1.23 |
| Q3 FY1999 | 30 Sept 1999 | 1.99B | +6.73% | 1.46B | -532.80M | 1.29 |
| Q2 FY1999 | 30 Jun 1999 | 1.94B | +17.34% | 1.03B | -908.54M | 1.26 |
| Q1 FY1999 | 31 Mar 1999 | 2.19B | +37.14% | 1.20B | -990.05M | 1.41 |
| Q4 FY1998 | 31 Dec 1998 | 1.89B | +19.44% | 1.09B | -802.97M | 1.32 |
| Q3 FY1998 | 30 Sept 1998 | 1.86B | +30.40% | 924.93M | -938.44M | 1.35 |
| Q2 FY1998 | 30 Jun 1998 | 1.65B | +42.45% | 774.92M | -879.71M | 1.17 |
| Q1 FY1998 | 31 Mar 1998 | 1.60B | — | 877.76M | -722.45M | 1.13 |
| Q4 FY1997 | 31 Dec 1997 | 1.58B | — | 884.21M | -698.06M | 1.02 |
| Q3 FY1997 | 30 Sept 1997 | 1.43B | — | 1.12B | -309.70M | 0.89 |
| Q2 FY1997 | 30 Jun 1997 | 1.16B | — | 10.44M | -1.15B | 0.70 |
Figures in BRL at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Ambev SA's debt
Source: Financial Modeling Prep