Deutsche Bank Aktiengesellschaft total debt 2000–2026What 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.
Deutsche Bank Aktiengesellschaft's total debt was 148.97B EUR on 30 September 2026, up 13.0% on a year before. At the end of fiscal year 2025 it was 254.81B EUR.
Last updated 7 Nov 2026 · Next report 28 Jan 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 | 148.97B | +13.00% | 376.41B | 227.44B | 1.88 |
| FY2025 | 31 Dec 2025 | 254.81B | +68.20% | 350.72B | 95.91B | 3.24 |
| FY2024 | 31 Dec 2024 | 151.49B | -31.03% | 187.89B | 36.40B | 1.95 |
| FY2023 | 31 Dec 2023 | 219.63B | +12.36% | 330.51B | 110.87B | 3.01 |
| FY2022 | 31 Dec 2022 | 195.47B | -7.05% | 296.41B | 100.94B | 2.77 |
| FY2021 | 31 Dec 2021 | 210.30B | +3.08% | 315.94B | 105.64B | 3.17 |
| FY2020 | 31 Dec 2020 | 204.03B | +39.31% | 224.99B | 20.97B | 3.37 |
| FY2019 | 31 Dec 2019 | 146.45B | -14.78% | 186.44B | 39.99B | 2.62 |
| FY2018 | 31 Dec 2018 | 171.85B | -3.52% | 242.61B | 70.76B | 2.56 |
| FY2017 | 31 Dec 2017 | 178.13B | -9.18% | 284.28B | 106.15B | 2.63 |
| FY2016 | 31 Dec 2016 | 196.13B | +4.31% | 245.64B | 49.51B | 3.04 |
| FY2015 | 31 Dec 2015 | 188.03B | -4.93% | 183.37B | -4.66B | 2.79 |
| FY2014 | 31 Dec 2014 | 197.79B | -2.27% | 143.99B | -53.80B | 2.71 |
| FY2013 | 31 Dec 2013 | 202.38B | -15.61% | 140.46B | -61.93B | 3.70 |
| FY2012 | 31 Dec 2012 | 239.81B | -1.66% | 192.89B | -46.92B | 4.44 |
| FY2011 | 31 Dec 2011 | 243.85B | -2.65% | 219.18B | -24.68B | 4.57 |
| FY2010 | 31 Dec 2010 | 250.50B | +31.48% | 159.18B | -91.33B | 5.13 |
| FY2009 | 31 Dec 2009 | 190.52B | -1.67% | 73.70B | -116.82B | 5.20 |
| FY2008 | 31 Dec 2008 | 193.76B | -16.83% | 97.28B | -96.48B | 6.31 |
| FY2007 | 31 Dec 2007 | 232.97B | +52.98% | 68.91B | -164.06B | 6.29 |
| FY2006 | 31 Dec 2006 | 152.29B | +13.65% | 48.53B | -103.76B | 4.64 |
| FY2005 | 31 Dec 2005 | 134.00B | +5.60% | 18.52B | -115.48B | 4.48 |
| FY2004 | 31 Dec 2004 | 126.89B | +6.13% | 25.65B | -101.25B | 4.90 |
| FY2003 | 31 Dec 2003 | 119.56B | +3.31% | 21.25B | -98.31B | 4.25 |
| FY2002 | 31 Dec 2002 | 115.73B | -44.23% | 34.70B | -81.03B | 3.86 |
| FY2001 | 31 Dec 2001 | 207.51B | -17.64% | 48.46B | -159.05B | 5.15 |
| FY2000 | 31 Dec 2000 | 251.97B | — | 55.39B | -196.58B | 5.75 |
| 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 | 148.97B | +13.00% | 376.41B | 227.44B | 1.88 |
| Q2 FY2026 | 30 Jun 2026 | 152.09B | +11.84% | 356.83B | 204.74B | 2.22 |
| Q1 FY2026 | 31 Mar 2026 | 139.64B | +6.22% | 369.35B | 229.70B | 1.79 |
| Q4 FY2025 | 31 Dec 2025 | 254.81B | +68.20% | 350.72B | 95.91B | 3.24 |
| Q3 FY2025 | 30 Sept 2025 | 131.83B | +6.28% | 190.07B | 58.24B | 1.70 |
| Q2 FY2025 | 30 Jun 2025 | 135.99B | +11.31% | 185.48B | 49.49B | 1.78 |
| Q1 FY2025 | 31 Mar 2025 | 131.47B | +10.86% | 201.35B | 69.89B | 1.64 |
| Q4 FY2024 | 31 Dec 2024 | 151.49B | +5.04% | 187.89B | 36.40B | 1.95 |
| Q3 FY2024 | 30 Sept 2024 | 124.04B | -3.57% | 191.16B | 67.12B | 1.66 |
| Q2 FY2024 | 30 Jun 2024 | 122.18B | -5.59% | 196.03B | 73.86B | 1.66 |
| Q1 FY2024 | 31 Mar 2024 | 118.59B | -10.86% | 186.33B | 67.74B | 1.81 |
| Q4 FY2023 | 31 Dec 2023 | 144.22B | -26.22% | 213.43B | 69.21B | 1.97 |
| Q3 FY2023 | 30 Sept 2023 | 128.64B | -16.47% | 208.71B | 80.07B | 1.78 |
| Q2 FY2023 | 30 Jun 2023 | 129.40B | -13.92% | 200.98B | 71.57B | 1.83 |
| Q1 FY2023 | 31 Mar 2023 | 133.04B | -10.60% | 195.73B | 62.69B | 1.86 |
| Q4 FY2022 | 31 Dec 2022 | 195.47B | -7.05% | 211.54B | 16.07B | 2.77 |
| Q3 FY2022 | 30 Sept 2022 | 154.01B | +0.55% | 226.75B | 72.74B | 2.23 |
| Q2 FY2022 | 30 Jun 2022 | 150.33B | -3.46% | 216.49B | 66.16B | 2.24 |
| Q1 FY2022 | 31 Mar 2022 | 148.81B | -5.24% | 209.18B | 60.38B | 2.22 |
| Q4 FY2021 | 31 Dec 2021 | 210.30B | +3.08% | 222.74B | 12.44B | 3.17 |
| Q3 FY2021 | 30 Sept 2021 | 153.17B | -0.74% | 237.03B | 83.86B | 2.38 |
| Q2 FY2021 | 30 Jun 2021 | 155.71B | -0.95% | 243.81B | 88.10B | 2.45 |
| Q1 FY2021 | 31 Mar 2021 | 157.04B | +11.61% | 233.45B | 76.41B | 2.53 |
| Q4 FY2020 | 31 Dec 2020 | 204.03B | +39.31% | 224.99B | 20.97B | 3.37 |
| Q3 FY2020 | 30 Sept 2020 | 154.31B | -2.07% | 240.48B | 86.17B | 2.55 |
| Q2 FY2020 | 30 Jun 2020 | 157.20B | -1.78% | 222.62B | 65.43B | 2.57 |
| Q1 FY2020 | 31 Mar 2020 | 140.70B | -15.73% | 179.46B | 38.76B | 2.28 |
| Q4 FY2019 | 31 Dec 2019 | 146.45B | -14.78% | 186.44B | 39.99B | 2.62 |
| Q3 FY2019 | 30 Sept 2019 | 157.57B | -10.47% | 223.04B | 65.46B | 2.50 |
| Q2 FY2019 | 30 Jun 2019 | 160.05B | -11.82% | 221.09B | 61.04B | 2.52 |
| Q1 FY2019 | 31 Mar 2019 | 166.97B | -6.70% | 252.62B | 85.66B | 2.47 |
| Q4 FY2018 | 31 Dec 2018 | 171.85B | -3.52% | 242.61B | 70.76B | 2.56 |
| Q3 FY2018 | 30 Sept 2018 | 176.01B | -4.48% | 253.39B | 77.38B | 2.62 |
| Q2 FY2018 | 30 Jun 2018 | 181.49B | -5.46% | 261.26B | 79.76B | 2.70 |
| Q1 FY2018 | 31 Mar 2018 | 178.96B | -10.50% | 291.03B | 112.08B | 2.69 |
| Q4 FY2017 | 31 Dec 2017 | 178.13B | -9.18% | 284.28B | 106.15B | 2.63 |
| Q3 FY2017 | 30 Sept 2017 | 184.26B | -4.17% | 263.52B | 79.26B | 2.62 |
| Q2 FY2017 | 30 Jun 2017 | 191.97B | -2.05% | 287.36B | 95.40B | 2.71 |
| Q1 FY2017 | 31 Mar 2017 | 199.95B | +6.37% | 241.82B | 41.87B | 3.10 |
| Q4 FY2016 | 31 Dec 2016 | 196.13B | +4.31% | 245.64B | 49.51B | 3.04 |
| Q3 FY2016 | 30 Sept 2016 | 192.28B | -4.02% | 183.76B | -8.52B | 2.89 |
| Q2 FY2016 | 30 Jun 2016 | 195.98B | -3.50% | 204.23B | 8.25B | 2.95 |
| Q1 FY2016 | 31 Mar 2016 | 187.97B | -9.41% | 189.83B | 1.86B | 2.84 |
| Q4 FY2015 | 31 Dec 2015 | 188.03B | -4.93% | 183.37B | -4.66B | 2.79 |
| Q3 FY2015 | 30 Sept 2015 | 200.32B | +1.87% | 169.59B | -30.73B | 2.92 |
| Q2 FY2015 | 30 Jun 2015 | 203.08B | +3.00% | 157.10B | -45.98B | 2.69 |
| Q1 FY2015 | 31 Mar 2015 | 207.50B | +10.33% | 160.56B | -46.94B | 2.67 |
| Q4 FY2014 | 31 Dec 2014 | 197.79B | -2.27% | 143.99B | -53.80B | 2.71 |
| Q3 FY2014 | 30 Sept 2014 | 196.64B | -5.07% | 159.46B | -37.18B | 2.82 |
| Q2 FY2014 | 30 Jun 2014 | 197.16B | -8.09% | 160.19B | -36.97B | 2.89 |
| Q1 FY2014 | 31 Mar 2014 | 188.07B | -15.90% | 141.33B | -46.74B | 3.37 |
| Q4 FY2013 | 31 Dec 2013 | 202.38B | -15.61% | 140.46B | -61.93B | 3.70 |
| Q3 FY2013 | 30 Sept 2013 | 207.15B | -9.02% | 166.05B | -41.10B | 3.67 |
| Q2 FY2013 | 30 Jun 2013 | 214.51B | -3.93% | 169.55B | -44.96B | 3.73 |
| Q1 FY2013 | 31 Mar 2013 | 223.63B | +0.30% | 201.81B | -21.81B | 4.01 |
| Q4 FY2012 | 31 Dec 2012 | 239.81B | -1.66% | 192.89B | -46.92B | 4.44 |
| Q3 FY2012 | 30 Sept 2012 | 227.69B | +2.75% | 161.62B | -66.07B | 4.01 |
| Q2 FY2012 | 30 Jun 2012 | 223.29B | -0.79% | 165.41B | -57.88B | 4.01 |
| Q1 FY2012 | 31 Mar 2012 | 222.96B | +0.33% | 141.48B | -81.48B | 4.06 |
| Q4 FY2011 | 31 Dec 2011 | 243.85B | -2.65% | 219.18B | -24.68B | 4.57 |
| Q3 FY2011 | 30 Sept 2011 | 221.60B | +11.66% | 140.90B | -80.70B | 4.27 |
| Q2 FY2011 | 30 Jun 2011 | 225.06B | +10.96% | 112.81B | -112.25B | 4.50 |
| Q1 FY2011 | 31 Mar 2011 | 222.23B | +18.41% | 98.60B | -123.63B | 4.45 |
| Q4 FY2010 | 31 Dec 2010 | 250.50B | +31.48% | 159.18B | -91.33B | 5.13 |
| Q3 FY2010 | 30 Sept 2010 | 198.46B | +9.01% | 82.85B | -115.62B | 5.15 |
| Q2 FY2010 | 30 Jun 2010 | 202.84B | +12.95% | 79.85B | -122.99B | 4.88 |
| Q1 FY2010 | 31 Mar 2010 | 187.68B | +10.34% | 70.00B | -117.69B | 4.80 |
| Q4 FY2009 | 31 Dec 2009 | 190.52B | -1.67% | 73.70B | -116.82B | 5.20 |
| Q3 FY2009 | 30 Sept 2009 | 182.05B | +41.36% | 74.32B | -107.73B | 5.27 |
| Q2 FY2009 | 30 Jun 2009 | 179.58B | -4.85% | 56.64B | -122.94B | 5.23 |
| Q1 FY2009 | 31 Mar 2009 | 170.10B | -29.36% | 56.09B | -114.01B | 5.05 |
| Q4 FY2008 | 31 Dec 2008 | 193.76B | -16.83% | 97.28B | -96.48B | 6.31 |
| Q3 FY2008 | 30 Sept 2008 | 128.79B | -38.26% | 36.76B | -92.03B | 5.22 |
| Q2 FY2008 | 30 Jun 2008 | 188.73B | -13.65% | 38.80B | -149.94B | 5.91 |
| Q1 FY2008 | 31 Mar 2008 | 240.81B | +20.16% | 32.07B | -208.74B | 7.09 |
| Q4 FY2007 | 31 Dec 2007 | 232.97B | +52.98% | 68.91B | -164.06B | 6.29 |
| Q3 FY2007 | 30 Sept 2007 | 208.59B | +33.61% | 31.00B | -177.59B | 5.67 |
| Q2 FY2007 | 30 Jun 2007 | 218.57B | +45.31% | 27.17B | -191.40B | 6.02 |
| Q1 FY2007 | 31 Mar 2007 | 200.41B | +47.75% | 32.24B | -168.17B | 5.53 |
| Q4 FY2006 | 31 Dec 2006 | 152.29B | +13.65% | 48.53B | -103.76B | 4.64 |
| Q3 FY2006 | 30 Sept 2006 | 156.11B | +4.15% | 25.82B | -130.29B | 5.03 |
| Q2 FY2006 | 30 Jun 2006 | 150.41B | +3.28% | 24.31B | -126.10B | 5.17 |
| Q1 FY2006 | 31 Mar 2006 | 135.64B | -3.40% | 22.81B | -112.83B | 4.41 |
| Q4 FY2005 | 31 Dec 2005 | 134.00B | +5.60% | 18.52B | -115.48B | 4.48 |
| Q3 FY2005 | 30 Sept 2005 | 149.90B | +27.18% | 25.75B | -124.14B | 5.00 |
| Q2 FY2005 | 30 Jun 2005 | 145.64B | +23.30% | 23.82B | -121.82B | 5.27 |
| Q1 FY2005 | 31 Mar 2005 | 140.42B | +19.59% | 29.26B | -111.16B | 5.24 |
| Q4 FY2004 | 31 Dec 2004 | 126.89B | +6.13% | 25.65B | -101.25B | 4.90 |
| Q3 FY2004 | 30 Sept 2004 | 117.86B | -6.45% | 25.38B | -92.48B | 4.49 |
| Q2 FY2004 | 30 Jun 2004 | 118.12B | -13.77% | 32.63B | -85.50B | 4.35 |
| Q1 FY2004 | 31 Mar 2004 | 117.41B | -3.34% | 27.09B | -90.33B | 4.11 |
| Q4 FY2003 | 31 Dec 2003 | 119.56B | +3.31% | 21.25B | -98.31B | 4.25 |
| Q3 FY2003 | 30 Sept 2003 | 125.99B | +7.28% | 23.74B | -102.25B | 4.60 |
| Q2 FY2003 | 30 Jun 2003 | 136.98B | -34.41% | 27.09B | -109.89B | 4.59 |
| Q1 FY2003 | 31 Mar 2003 | 121.48B | -46.59% | 29.08B | -92.40B | 4.14 |
| Q4 FY2002 | 31 Dec 2002 | 115.73B | -44.23% | 34.70B | -81.03B | 3.86 |
| Q3 FY2002 | 30 Sept 2002 | 117.43B | -49.65% | 40.04B | -77.39B | 3.66 |
| Q2 FY2002 | 30 Jun 2002 | 208.85B | -0.43% | 55.78B | -153.07B | 5.52 |
| Q1 FY2002 | 31 Mar 2002 | 227.44B | +10.48% | 45.78B | -181.66B | 5.43 |
| Q4 FY2001 | 31 Dec 2001 | 207.51B | — | 48.46B | -159.05B | 5.15 |
| Q3 FY2001 | 30 Sept 2001 | 233.22B | — | 160.55B | -72.67B | 5.80 |
| Q2 FY2001 | 30 Jun 2001 | 209.75B | — | 148.11B | -61.64B | 4.97 |
| Q1 FY2001 | 31 Mar 2001 | 205.87B | — | 154.33B | -51.54B | 4.81 |
Figures in EUR 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 Deutsche Bank Aktiengesellschaft's debt
Source: Financial Modeling Prep
