49/100B89.665
USD
0.59
(0.66%)
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Last updated: · Delayed 15 min
Fair value64.88+38%40Price 89.67148
Q4 FY2026 · Earnings report
EPS estimate 1.62Revenue estimate 18.19B
Q4 FY2026 · Earnings report
EPS estimate 1.62Revenue estimate 18.19B
Fair value64.88+38%40Price 89.67148
Q4 FY2026 · Earnings report
EPS estimate 1.62Revenue estimate 18.19B
Q4 FY2026 · Earnings report
EPS estimate 1.62Revenue estimate 18.19B
HSBC Holdings total debt 1987–2026What 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.
HSBC Holdings's total debt was 467.23B USD on 30 September 2026, up 375.6% on a year before. At the end of fiscal year 2025 it was 256.14B USD.
Last updated 10 Nov 2026 · Next report 24 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 | 467.23B | +375.60% | 222.46B | -244.76B | 2.39 |
| FY2025 | 31 Dec 2025 | 256.14B | +5.69% | 635.32B | 379.18B | 1.29 |
| FY2024 | 31 Dec 2024 | 242.35B | -43.20% | 284.52B | 42.17B | 1.31 |
| FY2023 | 31 Dec 2023 | 426.69B | +108.92% | 299.57B | -127.12B | 2.30 |
| FY2022 | 31 Dec 2022 | 204.24B | -48.35% | 350.05B | 145.81B | 1.15 |
| FY2021 | 31 Dec 2021 | 395.44B | +4.37% | 422.44B | 26.99B | 1.99 |
| FY2020 | 31 Dec 2020 | 378.87B | +193.35% | 328.73B | -50.15B | 1.93 |
| FY2019 | 31 Dec 2019 | 129.16B | +19.83% | 173.89B | 44.73B | 0.70 |
| FY2018 | 31 Dec 2018 | 107.78B | +27.74% | 136.89B | 29.11B | 0.58 |
| FY2017 | 31 Dec 2017 | 84.37B | -2.91% | 200.38B | 116.01B | 0.44 |
| FY2016 | 31 Dec 2016 | 86.90B | -22.17% | 148.42B | 61.52B | 0.50 |
| FY2015 | 31 Dec 2015 | 111.65B | -8.94% | 116.20B | 4.55B | 0.59 |
| FY2014 | 31 Dec 2014 | 122.61B | -7.85% | 150.61B | 28.00B | 0.64 |
| FY2013 | 31 Dec 2013 | 133.06B | -10.66% | 195.55B | 62.49B | 0.73 |
| FY2012 | 31 Dec 2012 | 148.94B | -7.84% | 175.34B | 26.40B | 0.85 |
| FY2011 | 31 Dec 2011 | 161.62B | -43.49% | 157.93B | -3.69B | 1.02 |
| FY2010 | 31 Dec 2010 | 285.98B | +24.44% | 81.90B | -204.08B | 1.94 |
| FY2009 | 31 Dec 2009 | 229.82B | +9.90% | 80.81B | -149.01B | 1.79 |
| FY2008 | 31 Dec 2008 | 209.13B | -22.94% | 64.49B | -144.63B | 2.23 |
| FY2007 | 31 Dec 2007 | 271.40B | +7.27% | 40.79B | -230.61B | 2.12 |
| FY2006 | 31 Dec 2006 | 253.00B | +23.65% | 30.02B | -222.98B | 2.33 |
| FY2005 | 31 Dec 2005 | 204.61B | -3.36% | 25.01B | -179.60B | 2.21 |
| FY2004 | 31 Dec 2004 | 211.72B | +21.15% | 9.87B | -201.85B | 2.48 |
| FY2003 | 31 Dec 2003 | 174.76B | +227.66% | 7.66B | -167.10B | 2.35 |
| FY2002 | 31 Dec 2002 | 53.34B | +22.79% | 7.66B | -45.68B | 1.02 |
| FY2001 | 31 Dec 2001 | 43.44B | +79.27% | 6.19B | -37.25B | 0.94 |
| FY2000 | 31 Dec 2000 | 24.23B | -9.99% | 70.66B | 46.43B | 0.36 |
| FY1999 | 31 Dec 1999 | 26.92B | +49.06% | 67.92B | 41.00B | 0.46 |
| FY1998 | 31 Dec 1998 | 18.06B | -49.87% | 82.44B | 64.38B | 0.40 |
| FY1997 | 31 Dec 1997 | 36.02B | +42.36% | 2.97B | -33.05B | 1.33 |
| FY1996 | 31 Dec 1996 | 25.30B | +195.62% | 3.11B | -22.20B | 0.97 |
| FY1995 | 31 Dec 1995 | 8.56B | +5.10% | 39.72B | 31.16B | 0.41 |
| FY1994 | 31 Dec 1994 | 8.14B | +6.14% | 33.96B | 25.81B | 0.48 |
| FY1993 | 31 Dec 1993 | 7.67B | +23.69% | 26.79B | 19.12B | 0.56 |
| FY1992 | 31 Dec 1992 | 6.20B | +173.08% | 53.99B | 47.78B | 0.51 |
| FY1991 | 31 Dec 1991 | 2.27B | -0.45% | 43.45B | 41.18B | 0.31 |
| FY1990 | 31 Dec 1990 | 2.28B | +2.75% | 37.35B | 35.07B | 0.33 |
| FY1989 | 31 Dec 1989 | 2.22B | -3.03% | 33.73B | 31.51B | 0.33 |
| FY1988 | 31 Dec 1988 | 2.29B | +14.56% | 30.16B | 27.87B | 0.49 |
| FY1987 | 31 Dec 1987 | 2.00B | — | 26.77B | 24.77B | 0.47 |
| 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 | 467.23B | +375.60% | 222.46B | -244.76B | 2.39 |
| Q2 FY2026 | 30 Jun 2026 | 132.90B | +2.47% | 632.77B | 499.87B | 0.68 |
| Q1 FY2026 | 31 Mar 2026 | 101.74B | +1.69% | 580.37B | 478.63B | 0.52 |
| Q4 FY2025 | 31 Dec 2025 | 256.14B | +5.69% | 635.32B | 379.18B | 1.29 |
| Q3 FY2025 | 30 Sept 2025 | 98.24B | -79.52% | 604.24B | 506.00B | 0.51 |
| Q2 FY2025 | 30 Jun 2025 | 129.70B | -72.45% | 560.91B | 431.21B | 0.67 |
| Q1 FY2025 | 31 Mar 2025 | 100.05B | -79.91% | 573.24B | 473.19B | 0.52 |
| Q4 FY2024 | 31 Dec 2024 | 242.35B | -43.20% | 284.52B | 42.17B | 1.31 |
| Q3 FY2024 | 30 Sept 2024 | 479.71B | +438.35% | 252.31B | -227.40B | 2.49 |
| Q2 FY2024 | 30 Jun 2024 | 470.72B | +332.82% | 287.09B | -183.64B | 2.57 |
| Q1 FY2024 | 31 Mar 2024 | 498.09B | +483.58% | 275.94B | -222.15B | 2.61 |
| Q4 FY2023 | 31 Dec 2023 | 426.69B | +108.92% | 305.91B | -120.78B | 2.30 |
| Q3 FY2023 | 30 Sept 2023 | 89.11B | +1.81% | 298.78B | 209.67B | 0.49 |
| Q2 FY2023 | 30 Jun 2023 | 108.76B | +0.09% | 318.38B | 209.63B | 0.59 |
| Q1 FY2023 | 31 Mar 2023 | 85.35B | +0.02% | 327.55B | 242.20B | 0.45 |
| Q4 FY2022 | 31 Dec 2022 | 204.24B | -8.68% | 350.05B | 145.81B | 1.09 |
| Q3 FY2022 | 30 Sept 2022 | 87.53B | +5.58% | 309.51B | 221.98B | 0.49 |
| Q2 FY2022 | 30 Jun 2022 | 108.66B | +3.49% | 371.68B | 263.03B | 0.58 |
| Q1 FY2022 | 31 Mar 2022 | 85.33B | -11.15% | 389.26B | 303.93B | 0.43 |
| Q4 FY2021 | 31 Dec 2021 | 223.64B | -11.28% | 422.44B | 198.79B | 1.13 |
| Q3 FY2021 | 30 Sept 2021 | 82.90B | -19.04% | 409.92B | 327.02B | 0.42 |
| Q2 FY2021 | 30 Jun 2021 | 104.99B | -21.49% | 402.97B | 297.97B | 0.53 |
| Q1 FY2021 | 31 Mar 2021 | 96.04B | -3.39% | 384.45B | 288.41B | 0.48 |
| Q4 FY2020 | 31 Dec 2020 | 252.08B | -7.47% | 328.73B | 76.65B | 1.28 |
| Q3 FY2020 | 30 Sept 2020 | 102.41B | +3.98% | 285.51B | 183.10B | 0.53 |
| Q2 FY2020 | 30 Jun 2020 | 133.74B | +5.67% | 255.96B | 122.23B | 0.72 |
| Q1 FY2020 | 31 Mar 2020 | 99.41B | +0.38% | 187.39B | 87.98B | 0.52 |
| Q4 FY2019 | 31 Dec 2019 | 272.43B | +18.64% | 173.89B | -98.54B | 1.48 |
| Q3 FY2019 | 30 Sept 2019 | 98.49B | +19.97% | 151.19B | 52.70B | 0.52 |
| Q2 FY2019 | 30 Jun 2019 | 126.56B | +21.33% | 179.76B | 53.21B | 0.66 |
| Q1 FY2019 | 31 Mar 2019 | 99.04B | +38.55% | 172.73B | 73.69B | 0.53 |
| Q4 FY2018 | 31 Dec 2018 | 229.63B | +34.50% | 182.38B | -47.24B | 1.23 |
| Q3 FY2018 | 30 Sept 2018 | 82.10B | +37.42% | 166.84B | 84.75B | 0.44 |
| Q2 FY2018 | 30 Jun 2018 | 104.31B | +23.44% | 197.92B | 93.61B | 0.57 |
| Q1 FY2018 | 31 Mar 2018 | 71.48B | +6.89% | 184.45B | 112.96B | 0.36 |
| Q4 FY2017 | 31 Dec 2017 | 170.72B | -13.81% | 200.38B | 29.66B | 0.90 |
| Q3 FY2017 | 30 Sept 2017 | 59.74B | -16.62% | 162.56B | 102.82B | 0.31 |
| Q2 FY2017 | 30 Jun 2017 | 84.50B | -22.72% | 170.48B | 85.98B | 0.45 |
| Q1 FY2017 | 31 Mar 2017 | 66.88B | -32.51% | 132.27B | 65.39B | 0.37 |
| Q4 FY2016 | 31 Dec 2016 | 198.09B | -0.52% | 133.01B | -65.07B | 1.13 |
| Q3 FY2016 | 30 Sept 2016 | 71.65B | -25.45% | 120.27B | 48.62B | 0.38 |
| Q2 FY2016 | 30 Jun 2016 | 109.34B | -14.20% | 134.86B | 25.51B | 0.57 |
| Q1 FY2016 | 31 Mar 2016 | 99.09B | -5.97% | 126.27B | 27.17B | 0.52 |
| Q4 FY2015 | 31 Dec 2015 | 199.13B | -9.55% | 104.70B | -94.43B | 1.06 |
| Q3 FY2015 | 30 Sept 2015 | 96.11B | +6.51% | 126.32B | 30.21B | 0.50 |
| Q2 FY2015 | 30 Jun 2015 | 127.44B | +2.40% | 154.51B | 27.08B | 0.66 |
| Q1 FY2015 | 31 Mar 2015 | 105.38B | +2.92% | 133.03B | 27.65B | 0.56 |
| Q4 FY2014 | 31 Dec 2014 | 220.16B | +9.81% | 134.88B | -85.27B | 1.16 |
| Q3 FY2014 | 30 Sept 2014 | 90.23B | -21.06% | 133.42B | 43.19B | 0.47 |
| Q2 FY2014 | 30 Jun 2014 | 124.45B | -9.96% | 140.28B | 15.83B | 0.65 |
| Q1 FY2014 | 31 Mar 2014 | 102.40B | -12.68% | 165.84B | 63.44B | 0.56 |
| Q4 FY2013 | 31 Dec 2013 | 200.50B | -6.73% | 195.55B | -4.95B | 1.10 |
| Q3 FY2013 | 30 Sept 2013 | 114.31B | +0.18% | 170.21B | 55.90B | 0.64 |
| Q2 FY2013 | 30 Jun 2013 | 138.21B | -10.97% | 156.70B | 18.49B | 0.79 |
| Q1 FY2013 | 31 Mar 2013 | 117.26B | -14.13% | 135.24B | 17.98B | 0.67 |
| Q4 FY2012 | 31 Dec 2012 | 214.96B | — | 175.34B | -39.61B | 1.23 |
| Q3 FY2012 | 30 Sept 2012 | 114.11B | — | 138.63B | 24.52B | 0.66 |
| Q2 FY2012 | 30 Jun 2012 | 155.24B | -23.26% | 158.99B | 3.75B | 0.94 |
| Q1 FY2012 | 31 Mar 2012 | 136.56B | — | 153.38B | 16.82B | 0.83 |
| Q2 FY2011 | 30 Jun 2011 | 202.30B | -27.92% | 103.02B | -99.28B | 1.26 |
| Q1 FY2011 | 31 Mar 2011 | 0.00 | — | 71.75B | 71.75B | 0.00 |
| Q4 FY2010 | 31 Dec 2010 | 239.65B | +4.28% | 81.90B | -157.75B | 1.62 |
| Q2 FY2010 | 30 Jun 2010 | 280.65B | +0.30% | 101.14B | -179.51B | 2.06 |
| Q4 FY2009 | 31 Dec 2009 | 229.82B | -11.66% | 80.81B | -149.01B | 1.79 |
| Q2 FY2009 | 30 Jun 2009 | 279.80B | +6.88% | 89.14B | -190.67B | 2.36 |
| Q4 FY2008 | 31 Dec 2008 | 260.16B | -20.69% | 64.49B | -195.67B | 2.78 |
| Q2 FY2008 | 30 Jun 2008 | 261.78B | +3.58% | 30.19B | -231.59B | 2.06 |
| Q4 FY2007 | 31 Dec 2007 | 328.01B | +9.34% | 40.79B | -287.22B | 2.56 |
| Q2 FY2007 | 30 Jun 2007 | 252.74B | +10.03% | 39.80B | -212.94B | 2.11 |
| Q4 FY2006 | 31 Dec 2006 | 300.00B | +38.14% | 30.02B | -269.98B | 2.77 |
| Q2 FY2006 | 30 Jun 2006 | 229.71B | +16.80% | 36.77B | -192.95B | 2.27 |
| Q4 FY2005 | 31 Dec 2005 | 217.16B | -7.62% | 25.01B | -192.15B | 2.35 |
| Q2 FY2005 | 30 Jun 2005 | 196.68B | +100.67% | 20.62B | -176.06B | 2.27 |
| Q4 FY2004 | 31 Dec 2004 | 235.08B | +34.52% | 9.87B | -225.21B | 2.71 |
| Q2 FY2004 | 30 Jun 2004 | 98.01B | — | 18.82B | -79.19B | 1.27 |
| Q4 FY2003 | 31 Dec 2003 | 174.76B | +227.66% | 7.66B | -167.10B | 2.35 |
| Q4 FY2002 | 31 Dec 2002 | 53.34B | +22.79% | 7.66B | -45.68B | 1.02 |
| Q2 FY2002 | 30 Jun 2002 | 0.00 | — | 0.00 | 0.00 | — |
| Q4 FY2001 | 31 Dec 2001 | 43.44B | +79.27% | 6.19B | -37.25B | 0.94 |
| Q2 FY2001 | 30 Jun 2001 | 0.00 | — | 0.00 | 0.00 | — |
| Q4 FY2000 | 31 Dec 2000 | 24.23B | -9.99% | 70.66B | 46.43B | 0.36 |
| Q2 FY2000 | 30 Jun 2000 | 0.00 | -100.00% | 0.00 | 0.00 | — |
| Q4 FY1999 | 31 Dec 1999 | 26.92B | — | 67.92B | 41.00B | 0.46 |
| Q2 FY1999 | 30 Jun 1999 | 40.03B | — | 9.37B | -30.66B | 1.26 |
Figures in USD 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 HSBC Holdings's debt
Source: Financial Modeling Prep