39/100B31.810
USD
-0.82
(-2.51%)
Pre Open
Fair value26.72Plus+19%16Price 31.8137
Q4 FY2026 · Earnings report
EPS estimate 0.67Revenue estimate 7.17B
Q4 FY2026 · Earnings report
EPS estimate 0.67Revenue estimate 7.17B
ING Groep 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.
ING Groep's total debt was 228.12B EUR on 30 September 2026, up 33.8% on a year before. At the end of fiscal year 2025 it was 169.33B EUR.
Last updated 6 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 | 228.12B | +33.82% | 70.95B | -157.17B | 4.56 |
| FY2025 | 31 Dec 2025 | 169.33B | -1.17% | 106.31B | -63.02B | 3.41 |
| FY2024 | 31 Dec 2024 | 171.33B | +14.22% | 114.74B | -56.59B | 3.41 |
| FY2023 | 31 Dec 2023 | 150.00B | +25.53% | 130.06B | -19.94B | 2.93 |
| FY2022 | 31 Dec 2022 | 119.50B | +3.00% | 118.23B | -1.27B | 2.39 |
| FY2021 | 31 Dec 2021 | 116.01B | +46.94% | 135.85B | 19.84B | 2.15 |
| FY2020 | 31 Dec 2020 | 78.95B | -41.57% | 164.93B | 85.98B | 1.45 |
| FY2019 | 31 Dec 2019 | 135.12B | +1.23% | 111.50B | -23.61B | 2.51 |
| FY2018 | 31 Dec 2018 | 133.48B | +19.12% | 102.87B | -30.60B | 2.62 |
| FY2017 | 31 Dec 2017 | 112.05B | -14.95% | 59.97B | -52.09B | 2.22 |
| FY2016 | 31 Dec 2016 | 131.75B | -4.32% | 56.86B | -74.90B | 2.65 |
| FY2015 | 31 Dec 2015 | 137.70B | -4.71% | 61.47B | -76.23B | 2.88 |
| FY2014 | 31 Dec 2014 | 144.51B | -10.39% | 244.59B | 100.08B | 2.87 |
| FY2013 | 31 Dec 2013 | 161.26B | -11.12% | 65.11B | -96.15B | 3.80 |
| FY2012 | 31 Dec 2012 | 181.44B | +0.58% | 366.54B | 185.10B | 3.66 |
| FY2011 | 31 Dec 2011 | 180.39B | +0.67% | 408.74B | 228.36B | 4.25 |
| FY2010 | 31 Dec 2010 | 179.19B | +9.86% | 71.93B | -107.26B | 4.67 |
| FY2009 | 31 Dec 2009 | 163.11B | +9.77% | 71.19B | -91.92B | 5.24 |
| FY2008 | 31 Dec 2008 | 148.59B | +33.55% | 81.95B | -66.64B | 8.57 |
| FY2007 | 31 Dec 2007 | 111.27B | -1.23% | 86.94B | -24.32B | 2.99 |
| FY2006 | 31 Dec 2006 | 112.65B | -25.76% | 93.68B | -18.97B | 2.94 |
| FY2005 | 31 Dec 2005 | 151.75B | +19.64% | 84.52B | -67.23B | 3.95 |
| FY2004 | 31 Dec 2004 | 126.84B | -8.60% | 112.36B | -14.47B | 4.68 |
| FY2003 | 31 Dec 2003 | 138.77B | +40.50% | 111.51B | -27.25B | 6.01 |
| FY2002 | 31 Dec 2002 | 98.77B | -31.61% | 91.76B | -7.01B | 4.84 |
| FY2001 | 31 Dec 2001 | 144.42B | -23.87% | 42.01B | -102.41B | 5.99 |
| FY2000 | 31 Dec 2000 | 189.70B | +19.23% | 71.29B | -118.41B | 6.83 |
| FY1999 | 31 Dec 1999 | 159.11B | -19.49% | 24.85B | -134.25B | 4.53 |
| FY1998 | 31 Dec 1998 | 197.62B | +49.77% | 2.32B | -195.29B | 6.83 |
| FY1997 | 31 Dec 1997 | 131.95B | — | 2.41B | -129.54B | 6.38 |
| 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 | 228.12B | +33.82% | 70.95B | -157.17B | 4.56 |
| Q2 FY2026 | 30 Jun 2026 | 185.08B | +10.44% | 189.09B | 4.02B | 3.68 |
| Q1 FY2026 | 31 Mar 2026 | 182.90B | +8.66% | 189.78B | 6.88B | 3.60 |
| Q4 FY2025 | 31 Dec 2025 | 169.33B | -1.17% | 106.31B | -63.02B | 3.41 |
| Q3 FY2025 | 30 Sept 2025 | 170.48B | +1.21% | 134.75B | -35.73B | 3.45 |
| Q2 FY2025 | 30 Jun 2025 | 167.58B | +6.67% | 123.94B | -43.65B | 3.41 |
| Q1 FY2025 | 31 Mar 2025 | 168.32B | +4.37% | 140.00B | -28.32B | 3.26 |
| Q4 FY2024 | 31 Dec 2024 | 171.33B | +14.22% | 114.74B | -56.59B | 3.41 |
| Q3 FY2024 | 30 Sept 2024 | 168.43B | +18.63% | 144.54B | -23.89B | 3.28 |
| Q2 FY2024 | 30 Jun 2024 | 157.11B | +15.61% | 142.08B | -15.02B | 3.13 |
| Q1 FY2024 | 31 Mar 2024 | 161.27B | +29.07% | 142.84B | -18.43B | 3.04 |
| Q4 FY2023 | 31 Dec 2023 | 150.00B | +25.53% | 157.63B | 7.63B | 2.93 |
| Q3 FY2023 | 30 Sept 2023 | 141.98B | +33.46% | 222.87B | 80.89B | 2.75 |
| Q2 FY2023 | 30 Jun 2023 | 135.89B | +25.13% | 213.13B | 77.24B | 2.68 |
| Q1 FY2023 | 31 Mar 2023 | 124.95B | +8.18% | 209.18B | 84.23B | 2.42 |
| Q4 FY2022 | 31 Dec 2022 | 119.50B | +3.00% | 153.55B | 34.06B | 2.39 |
| Q3 FY2022 | 30 Sept 2022 | 106.38B | -1.71% | 236.88B | 130.50B | 2.07 |
| Q2 FY2022 | 30 Jun 2022 | 108.60B | -36.91% | 216.70B | 108.11B | 2.10 |
| Q1 FY2022 | 31 Mar 2022 | 115.50B | +10.50% | 215.99B | 100.49B | 2.16 |
| Q4 FY2021 | 31 Dec 2021 | 116.01B | +46.94% | 162.14B | 46.13B | 2.15 |
| Q3 FY2021 | 30 Sept 2021 | 108.23B | -3.68% | 213.64B | 105.41B | 1.95 |
| Q2 FY2021 | 30 Jun 2021 | 172.13B | +24.88% | 204.11B | 31.98B | 3.06 |
| Q1 FY2021 | 31 Mar 2021 | 104.53B | -26.10% | 195.93B | 91.40B | 1.90 |
| Q4 FY2020 | 31 Dec 2020 | 78.95B | -41.57% | 164.93B | 85.98B | 1.66 |
| Q3 FY2020 | 30 Sept 2020 | 112.37B | -17.33% | 199.74B | 87.37B | 2.07 |
| Q2 FY2020 | 30 Jun 2020 | 137.84B | +3.53% | 210.40B | 72.57B | 2.54 |
| Q1 FY2020 | 31 Mar 2020 | 141.45B | +4.24% | 161.97B | 20.52B | 2.60 |
| Q4 FY2019 | 31 Dec 2019 | 135.12B | +1.23% | 111.50B | -23.61B | 2.51 |
| Q3 FY2019 | 30 Sept 2019 | 135.93B | -30.40% | 145.71B | 9.78B | 2.54 |
| Q2 FY2019 | 30 Jun 2019 | 133.13B | +0.61% | 135.71B | 2.58B | 2.53 |
| Q1 FY2019 | 31 Mar 2019 | 135.70B | -28.07% | 131.54B | -4.16B | 2.57 |
| Q4 FY2018 | 31 Dec 2018 | 133.48B | +19.12% | 102.87B | -30.60B | 2.62 |
| Q3 FY2018 | 30 Sept 2018 | 195.31B | +63.87% | 40.29B | -155.02B | 3.99 |
| Q2 FY2018 | 30 Jun 2018 | 132.32B | +14.76% | 130.73B | -1.60B | 2.65 |
| Q1 FY2018 | 31 Mar 2018 | 188.66B | +33.31% | 32.88B | -155.78B | 3.76 |
| Q4 FY2017 | 31 Dec 2017 | 112.05B | -14.95% | 59.97B | -52.09B | 2.22 |
| Q3 FY2017 | 30 Sept 2017 | 119.19B | -26.66% | 20.67B | -98.52B | 2.39 |
| Q2 FY2017 | 30 Jun 2017 | 115.31B | -15.34% | 226.28B | 110.97B | 2.32 |
| Q1 FY2017 | 31 Mar 2017 | 141.52B | -17.81% | 40.47B | -101.05B | 2.79 |
| Q4 FY2016 | 31 Dec 2016 | 131.75B | -4.32% | 56.86B | -74.90B | 2.65 |
| Q3 FY2016 | 30 Sept 2016 | 162.52B | +14.31% | 24.33B | -138.19B | 3.29 |
| Q2 FY2016 | 30 Jun 2016 | 136.20B | -7.74% | 290.80B | 154.60B | 2.77 |
| Q1 FY2016 | 31 Mar 2016 | 172.17B | +13.58% | 29.97B | -142.20B | 3.53 |
| Q4 FY2015 | 31 Dec 2015 | 137.70B | -4.71% | 61.47B | -76.23B | 2.88 |
| Q3 FY2015 | 30 Sept 2015 | 142.17B | -6.95% | 293.52B | 151.35B | 3.09 |
| Q2 FY2015 | 30 Jun 2015 | 147.62B | -22.79% | 287.55B | 139.93B | 3.16 |
| Q1 FY2015 | 31 Mar 2015 | 151.59B | -23.23% | 302.97B | 151.38B | 2.83 |
| Q4 FY2014 | 31 Dec 2014 | 144.51B | -17.67% | 244.59B | 100.08B | 2.87 |
| Q3 FY2014 | 30 Sept 2014 | 152.78B | -20.04% | 281.19B | 128.41B | 3.24 |
| Q2 FY2014 | 30 Jun 2014 | 191.19B | -2.42% | 15.01B | -176.18B | 3.89 |
| Q1 FY2014 | 31 Mar 2014 | 197.46B | -4.45% | 21.25B | -176.21B | 4.29 |
| Q4 FY2013 | 31 Dec 2013 | 175.52B | -3.26% | 13.32B | -162.21B | 3.71 |
| Q3 FY2013 | 30 Sept 2013 | 191.07B | +607.70% | 21.78B | -169.28B | 3.69 |
| Q2 FY2013 | 30 Jun 2013 | 195.93B | +583.91% | 18.70B | -177.23B | 3.76 |
| Q1 FY2013 | 31 Mar 2013 | 206.66B | +682.38% | 12.82B | -193.84B | 3.65 |
| Q4 FY2012 | 31 Dec 2012 | 181.44B | +0.58% | 366.54B | 185.10B | 3.66 |
| Q3 FY2012 | 30 Sept 2012 | 27.00B | — | 73.16B | 46.16B | 0.48 |
| Q2 FY2012 | 30 Jun 2012 | 28.65B | — | 187.49B | 158.84B | 0.59 |
| Q1 FY2012 | 31 Mar 2012 | 26.41B | -12.08% | 97.03B | 70.61B | 0.52 |
| Q4 FY2011 | 31 Dec 2011 | 180.39B | +0.67% | 408.74B | 228.36B | 4.25 |
| Q1 FY2011 | 31 Mar 2011 | 30.04B | -81.83% | 71.74B | 41.69B | 0.67 |
| Q4 FY2010 | 31 Dec 2010 | 179.19B | +9.86% | 71.93B | -107.26B | 4.67 |
| Q3 FY2010 | 30 Sept 2010 | 168.12B | -43.82% | 72.45B | -95.67B | 3.54 |
| Q2 FY2010 | 30 Jun 2010 | 315.32B | +11.64% | 13.37B | -301.96B | 7.38 |
| Q1 FY2010 | 31 Mar 2010 | 165.34B | -48.11% | 280.49B | 115.16B | 3.82 |
| Q4 FY2009 | 31 Dec 2009 | 163.11B | +9.77% | 71.19B | -91.92B | 5.24 |
| Q3 FY2009 | 30 Sept 2009 | 299.25B | +119.34% | 14.32B | -284.93B | 8.20 |
| Q2 FY2009 | 30 Jun 2009 | 282.43B | +117.66% | 20.79B | -261.64B | 9.54 |
| Q1 FY2009 | 31 Mar 2009 | 318.63B | +180.55% | 19.70B | -298.94B | 10.85 |
| Q4 FY2008 | 31 Dec 2008 | 148.59B | +33.55% | 81.95B | -66.64B | 8.57 |
| Q3 FY2008 | 30 Sept 2008 | 136.43B | +30.04% | 20.72B | -115.70B | 5.76 |
| Q2 FY2008 | 30 Jun 2008 | 129.76B | +8.87% | 83.00B | -46.76B | 4.62 |
| Q1 FY2008 | 31 Mar 2008 | 113.58B | -3.05% | 67.22B | -46.36B | 3.60 |
| Q4 FY2007 | 31 Dec 2007 | 111.27B | -1.23% | 86.94B | -24.32B | 2.99 |
| Q3 FY2007 | 30 Sept 2007 | 104.91B | -4.87% | 64.88B | -40.03B | 2.69 |
| Q2 FY2007 | 30 Jun 2007 | 119.19B | -2.44% | 69.39B | -49.80B | 3.11 |
| Q1 FY2007 | 31 Mar 2007 | 117.14B | -50.76% | 73.00B | -44.14B | 2.91 |
| Q4 FY2006 | 31 Dec 2006 | 112.65B | -25.76% | 93.68B | -18.97B | 2.94 |
| Q3 FY2006 | 30 Sept 2006 | 110.29B | -6.33% | 64.46B | -45.83B | 2.99 |
| Q2 FY2006 | 30 Jun 2006 | 122.17B | -49.24% | 71.91B | -50.27B | 3.68 |
| Q1 FY2006 | 31 Mar 2006 | 237.91B | +6.65% | 67.25B | -170.66B | 6.49 |
| Q4 FY2005 | 31 Dec 2005 | 151.75B | +19.64% | 84.52B | -67.23B | 3.95 |
| Q3 FY2005 | 30 Sept 2005 | 117.74B | -4.30% | 72.50B | -45.24B | 3.15 |
| Q2 FY2005 | 30 Jun 2005 | 240.67B | +5,469.33% | 68.10B | -172.57B | 6.77 |
| Q1 FY2005 | 31 Mar 2005 | 223.08B | +6,644.78% | 72.58B | -150.50B | 7.07 |
| Q4 FY2004 | 31 Dec 2004 | 126.84B | -8.60% | 112.36B | -14.47B | 4.68 |
| Q3 FY2004 | 30 Sept 2004 | 123.04B | +4,034.53% | 64.79B | -58.25B | 4.72 |
| Q2 FY2004 | 30 Jun 2004 | 4.32B | -95.96% | 81.37B | 77.05B | 0.16 |
| Q1 FY2004 | 31 Mar 2004 | 3.31B | +41.50% | 72.36B | 69.06B | 0.13 |
| Q4 FY2003 | 31 Dec 2003 | 138.77B | +40.50% | 111.51B | -27.25B | 6.01 |
| Q3 FY2003 | 30 Sept 2003 | 2.98B | -97.12% | 7.95B | 4.97B | 0.14 |
| Q2 FY2003 | 30 Jun 2003 | 107.06B | +2,081.75% | 8.65B | -98.41B | 5.30 |
| Q1 FY2003 | 31 Mar 2003 | 2.34B | -97.94% | 9.51B | 7.18B | 0.12 |
| Q4 FY2002 | 31 Dec 2002 | 98.77B | -31.61% | 91.76B | -7.01B | 4.84 |
| Q3 FY2002 | 30 Sept 2002 | 103.20B | -20.28% | 8.77B | -94.43B | 5.50 |
| Q2 FY2002 | 30 Jun 2002 | 4.91B | -95.68% | 10.60B | 5.69B | 0.22 |
| Q1 FY2002 | 31 Mar 2002 | 113.69B | -11.22% | 9.48B | -104.20B | 4.48 |
| Q4 FY2001 | 31 Dec 2001 | 144.42B | -23.87% | 42.01B | -102.41B | 5.99 |
| Q3 FY2001 | 30 Sept 2001 | 129.45B | -65.07% | 5.21B | -124.23B | 5.30 |
| Q2 FY2001 | 30 Jun 2001 | 113.59B | -67.53% | 5.13B | -108.46B | 4.19 |
| Q1 FY2001 | 31 Mar 2001 | 128.05B | -63.53% | 6.92B | -121.12B | 4.63 |
| Q4 FY2000 | 31 Dec 2000 | 189.70B | +19.23% | 71.29B | -118.41B | 6.83 |
| Q3 FY2000 | 30 Sept 2000 | 370.54B | +36.41% | 6.69B | -363.86B | 11.41 |
| Q2 FY2000 | 30 Jun 2000 | 349.82B | +29.29% | 6.34B | -343.48B | 9.96 |
| Q1 FY2000 | 31 Mar 2000 | 351.11B | +35.51% | 8.17B | -342.94B | 10.29 |
| Q4 FY1999 | 31 Dec 1999 | 159.11B | -19.49% | 24.85B | -134.25B | 4.53 |
| Q3 FY1999 | 30 Sept 1999 | 271.64B | +5.76% | 5.25B | -266.38B | 8.26 |
| Q2 FY1999 | 30 Jun 1999 | 270.56B | +4.30% | 7.92B | -262.65B | 8.39 |
| Q1 FY1999 | 31 Mar 1999 | 259.11B | -0.94% | 4.47B | -254.64B | 8.61 |
| Q4 FY1998 | 31 Dec 1998 | 197.62B | +49.77% | 2.32B | -195.29B | 6.83 |
| Q3 FY1998 | 30 Sept 1998 | 256.85B | +67.46% | 1.92B | -254.93B | 10.64 |
| Q2 FY1998 | 30 Jun 1998 | 259.41B | +75.94% | 2.09B | -257.33B | 8.93 |
| Q1 FY1998 | 31 Mar 1998 | 261.56B | +87.81% | 1.94B | -259.62B | 9.32 |
| Q4 FY1997 | 31 Dec 1997 | 131.95B | — | 2.41B | -129.54B | 6.38 |
| Q3 FY1997 | 30 Sept 1997 | 153.38B | — | 2.38B | -151.00B | 6.90 |
| Q2 FY1997 | 30 Jun 1997 | 147.44B | — | 1.68B | -145.76B | 7.17 |
| Q1 FY1997 | 31 Mar 1997 | 139.27B | — | 1.86B | -137.41B | 7.61 |
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 ING Groep's debt
Source: Financial Modeling Prep