50/100B61.010
USD
0.60
(0.99%)
Pre Open
Fair valueNot reliable
Q4 FY2026 · Earnings report
EPS estimate 1.33Revenue estimate 17.77B
Q4 FY2026 · Earnings report
EPS estimate 1.33Revenue estimate 17.77B
ArcelorMittal 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.
ArcelorMittal's total debt was 13.57B USD on 30 September 2026, down 8.8% on a year before. At the end of fiscal year 2025 it was 13.41B USD.
Last updated 7 Nov 2026 · Next report 4 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 | 13.57B | -8.76% | 3.19B | -10.37B | 0.25 |
| FY2025 | 31 Dec 2025 | 13.41B | +15.97% | 5.48B | -7.93B | 0.25 |
| FY2024 | 31 Dec 2024 | 11.56B | +8.26% | 6.40B | -5.16B | 0.23 |
| FY2023 | 31 Dec 2023 | 10.68B | -8.32% | 7.69B | -3.00B | 0.20 |
| FY2022 | 31 Dec 2022 | 11.65B | +38.67% | 9.30B | -2.35B | 0.22 |
| FY2021 | 31 Dec 2021 | 8.40B | -36.17% | 4.22B | -4.19B | 0.17 |
| FY2020 | 31 Dec 2020 | 13.16B | -8.21% | 5.96B | -7.20B | 0.35 |
| FY2019 | 31 Dec 2019 | 14.34B | +14.88% | 5.00B | -9.35B | 0.37 |
| FY2018 | 31 Dec 2018 | 12.48B | -3.44% | 2.17B | -10.31B | 0.30 |
| FY2017 | 31 Dec 2017 | 12.93B | -5.46% | 2.57B | -10.35B | 0.33 |
| FY2016 | 31 Dec 2016 | 13.67B | -30.89% | 2.50B | -11.17B | 0.45 |
| FY2015 | 31 Dec 2015 | 19.79B | -0.06% | 4.00B | -15.78B | 0.78 |
| FY2014 | 31 Dec 2014 | 19.80B | -11.27% | 4.02B | -15.78B | 0.47 |
| FY2013 | 31 Dec 2013 | 22.31B | -15.18% | 6.23B | -16.08B | 0.45 |
| FY2012 | 31 Dec 2012 | 26.30B | -0.43% | 4.40B | -21.90B | 0.51 |
| FY2011 | 31 Dec 2011 | 26.42B | +1.58% | 3.91B | -22.51B | 0.47 |
| FY2010 | 31 Dec 2010 | 26.01B | +4.82% | 6.29B | -19.72B | 0.42 |
| FY2009 | 31 Dec 2009 | 24.81B | -27.19% | 5.92B | -18.89B | 0.41 |
| FY2008 | 31 Dec 2008 | 34.08B | +7.26% | 7.58B | -26.50B | 0.62 |
| FY2007 | 31 Dec 2007 | 31.77B | +17.08% | 7.86B | -23.91B | 0.56 |
| FY2006 | 31 Dec 2006 | 27.14B | +226.62% | 6.03B | -21.11B | 0.64 |
| FY2005 | 31 Dec 2005 | 8.31B | +319.60% | 2.05B | -6.26B | 0.63 |
| FY2004 | 31 Dec 2004 | 1.98B | -13.04% | 2.50B | 516.00M | 0.34 |
| FY2003 | 31 Dec 2003 | 2.28B | -0.31% | 80.00M | -2.20B | 15.28 |
| FY2002 | 31 Dec 2002 | 2.28B | -3.99% | 77.00M | -2.21B | 17.84 |
| FY2001 | 31 Dec 2001 | 2.38B | -5.41% | 85.00M | -2.29B | 7.04 |
| FY2000 | 31 Dec 2000 | 2.52B | -4.77% | 292.00M | -2.22B | 2.85 |
| FY1999 | 31 Dec 1999 | 2.64B | -10.44% | 317.00M | -2.32B | 3.09 |
| FY1998 | 31 Dec 1998 | 2.95B | +92.12% | 525.00M | -2.42B | 3.68 |
| FY1997 | 31 Dec 1997 | 1.54B | — | 804.00M | -731.00M | 2.32 |
| 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 | 13.57B | -8.76% | 3.19B | -10.37B | 0.25 |
| Q2 FY2026 | 30 Jun 2026 | 14.42B | +5.02% | 4.90B | -9.52B | 0.26 |
| Q1 FY2026 | 31 Mar 2026 | 13.68B | +13.58% | 4.36B | -9.32B | 0.25 |
| Q4 FY2025 | 31 Dec 2025 | 13.41B | +15.97% | 5.48B | -7.93B | 0.25 |
| Q3 FY2025 | 30 Sept 2025 | 14.87B | +32.05% | 5.73B | -9.14B | 0.27 |
| Q2 FY2025 | 30 Jun 2025 | 13.73B | +23.41% | 5.36B | -8.37B | 0.25 |
| Q1 FY2025 | 31 Mar 2025 | 12.05B | +17.87% | 5.32B | -6.73B | 0.24 |
| Q4 FY2024 | 31 Dec 2024 | 11.56B | +8.26% | 6.40B | -5.16B | 0.23 |
| Q3 FY2024 | 30 Sept 2024 | 11.26B | +6.79% | 5.09B | -6.17B | 0.21 |
| Q2 FY2024 | 30 Jun 2024 | 11.13B | +6.38% | 5.84B | -5.29B | 0.21 |
| Q1 FY2024 | 31 Mar 2024 | 10.22B | -10.94% | 5.44B | -4.78B | 0.19 |
| Q4 FY2023 | 31 Dec 2023 | 10.68B | -8.32% | 7.69B | -3.00B | 0.20 |
| Q3 FY2023 | 30 Sept 2023 | 10.54B | +17.22% | 6.29B | -4.25B | 0.19 |
| Q2 FY2023 | 30 Jun 2023 | 10.46B | +19.03% | 5.83B | -4.64B | 0.19 |
| Q1 FY2023 | 31 Mar 2023 | 11.48B | +31.59% | 6.29B | -5.19B | 0.21 |
| Q4 FY2022 | 31 Dec 2022 | 11.65B | +38.67% | 9.30B | -2.35B | 0.22 |
| Q3 FY2022 | 30 Sept 2022 | 8.99B | +9.03% | 5.07B | -3.93B | 0.17 |
| Q2 FY2022 | 30 Jun 2022 | 8.79B | -4.77% | 4.46B | -4.33B | 0.16 |
| Q1 FY2022 | 31 Mar 2022 | 8.72B | -23.26% | 5.57B | -3.15B | 0.16 |
| Q4 FY2021 | 31 Dec 2021 | 8.40B | -36.17% | 4.22B | -4.19B | 0.17 |
| Q3 FY2021 | 30 Sept 2021 | 8.25B | -38.37% | 4.38B | -3.87B | 0.18 |
| Q2 FY2021 | 30 Jun 2021 | 9.23B | -31.89% | 4.07B | -5.16B | 0.21 |
| Q1 FY2021 | 31 Mar 2021 | 11.37B | -17.63% | 5.47B | -5.89B | 0.28 |
| Q4 FY2020 | 31 Dec 2020 | 13.16B | -8.21% | 5.96B | -7.20B | 0.35 |
| Q3 FY2020 | 30 Sept 2020 | 13.38B | -6.44% | 6.62B | -6.77B | 0.37 |
| Q2 FY2020 | 30 Jun 2020 | 13.55B | -2.04% | 5.63B | -7.92B | 0.38 |
| Q1 FY2020 | 31 Mar 2020 | 13.80B | +3.50% | 4.30B | -9.50B | 0.40 |
| Q4 FY2019 | 31 Dec 2019 | 14.34B | +14.88% | 5.00B | -9.35B | 0.37 |
| Q3 FY2019 | 30 Sept 2019 | 14.31B | +10.53% | 3.65B | -10.66B | 0.36 |
| Q2 FY2019 | 30 Jun 2019 | 13.83B | +2.30% | 3.52B | -10.31B | 0.33 |
| Q1 FY2019 | 31 Mar 2019 | 13.33B | -0.47% | 2.25B | -11.08B | 0.32 |
| Q4 FY2018 | 31 Dec 2018 | 12.48B | -3.44% | 2.17B | -10.31B | 0.30 |
| Q3 FY2018 | 30 Sept 2018 | 12.94B | -13.43% | 2.48B | -10.46B | 0.32 |
| Q2 FY2018 | 30 Jun 2018 | 13.52B | -4.50% | 2.94B | -10.58B | 0.34 |
| Q1 FY2018 | 31 Mar 2018 | 13.39B | -7.63% | 2.26B | -11.13B | 0.33 |
| Q4 FY2017 | 31 Dec 2017 | 12.93B | -5.46% | 2.57B | -10.35B | 0.33 |
| Q3 FY2017 | 30 Sept 2017 | 14.95B | +3.46% | 2.98B | -11.97B | 0.41 |
| Q2 FY2017 | 30 Jun 2017 | 14.16B | -6.51% | 2.05B | -12.11B | 0.42 |
| Q1 FY2017 | 31 Mar 2017 | 14.50B | -28.19% | 2.40B | -12.10B | 0.46 |
| Q4 FY2016 | 31 Dec 2016 | 13.67B | -30.89% | 2.50B | -11.17B | 0.45 |
| Q3 FY2016 | 30 Sept 2016 | 14.45B | -29.13% | 2.26B | -12.19B | 0.48 |
| Q2 FY2016 | 30 Jun 2016 | 15.14B | -28.81% | 2.29B | -12.85B | 0.51 |
| Q1 FY2016 | 31 Mar 2016 | 20.19B | +3.94% | 2.86B | -17.33B | 0.79 |
| Q4 FY2015 | 31 Dec 2015 | 19.79B | -0.06% | 4.10B | -15.68B | 0.78 |
| Q3 FY2015 | 30 Sept 2015 | 20.39B | -6.78% | 3.64B | -16.75B | 0.61 |
| Q2 FY2015 | 30 Jun 2015 | 21.27B | -2.58% | 4.61B | -16.66B | 0.58 |
| Q1 FY2015 | 31 Mar 2015 | 19.43B | -17.55% | 2.78B | -16.65B | 0.55 |
| Q4 FY2014 | 31 Dec 2014 | 19.80B | -11.27% | 4.02B | -15.78B | 0.47 |
| Q3 FY2014 | 30 Sept 2014 | 21.87B | -0.87% | 4.18B | -17.70B | 0.48 |
| Q2 FY2014 | 30 Jun 2014 | 21.83B | -5.41% | 4.40B | -17.43B | 0.45 |
| Q1 FY2014 | 31 Mar 2014 | 23.56B | -9.30% | 5.06B | -18.50B | 0.48 |
| Q4 FY2013 | 31 Dec 2013 | 22.31B | -15.18% | 6.23B | -16.08B | 0.45 |
| Q3 FY2013 | 30 Sept 2013 | 22.06B | -17.12% | 4.43B | -17.63B | 0.45 |
| Q2 FY2013 | 30 Jun 2013 | 23.08B | -12.84% | 6.92B | -16.17B | 0.48 |
| Q1 FY2013 | 31 Mar 2013 | 25.98B | -8.89% | 7.98B | -18.00B | 0.52 |
| Q4 FY2012 | 31 Dec 2012 | 26.30B | -0.43% | 4.40B | -21.90B | 0.51 |
| Q3 FY2012 | 30 Sept 2012 | 26.62B | -3.86% | 2.99B | -23.63B | 0.48 |
| Q2 FY2012 | 30 Jun 2012 | 26.48B | -6.15% | 4.47B | -22.01B | 0.49 |
| Q1 FY2012 | 31 Mar 2012 | 28.51B | +7.70% | 4.93B | -23.58B | 0.50 |
| Q4 FY2011 | 31 Dec 2011 | 26.42B | +1.58% | 3.91B | -22.51B | 0.50 |
| Q3 FY2011 | 30 Sept 2011 | 27.69B | +8.42% | 2.80B | -24.89B | 0.46 |
| Q2 FY2011 | 30 Jun 2011 | 28.22B | +23.58% | 3.21B | -25.01B | 0.45 |
| Q1 FY2011 | 31 Mar 2011 | 26.48B | +8.46% | 3.87B | -22.60B | 0.43 |
| Q4 FY2010 | 31 Dec 2010 | 26.01B | +4.82% | 6.29B | -19.72B | 0.42 |
| Q3 FY2010 | 30 Sept 2010 | 25.54B | -7.02% | 3.48B | -22.06B | 0.41 |
| Q2 FY2010 | 30 Jun 2010 | 22.83B | -24.21% | 2.58B | -20.26B | 0.40 |
| Q1 FY2010 | 31 Mar 2010 | 24.41B | -20.46% | 3.76B | -20.65B | 0.41 |
| Q4 FY2009 | 31 Dec 2009 | 24.81B | -27.19% | 5.92B | -18.89B | 0.41 |
| Q3 FY2009 | 30 Sept 2009 | 27.46B | -28.78% | 5.88B | -21.58B | 0.46 |
| Q2 FY2009 | 30 Jun 2009 | 30.13B | -21.24% | 7.26B | -22.86B | 0.52 |
| Q1 FY2009 | 31 Mar 2009 | 30.69B | -11.44% | 3.98B | -26.71B | 0.59 |
| Q4 FY2008 | 31 Dec 2008 | 34.08B | +7.26% | 7.58B | -26.50B | 0.62 |
| Q3 FY2008 | 30 Sept 2008 | 38.56B | +31.30% | 6.05B | -32.52B | 0.62 |
| Q2 FY2008 | 30 Jun 2008 | 38.25B | +27.47% | 7.53B | -30.72B | 0.61 |
| Q1 FY2008 | 31 Mar 2008 | 34.66B | +28.22% | 7.24B | -27.41B | 0.60 |
| Q4 FY2007 | 31 Dec 2007 | 31.77B | +17.08% | 7.86B | -23.91B | 0.56 |
| Q3 FY2007 | 30 Sept 2007 | 29.37B | +2.64% | 7.20B | -22.17B | 0.56 |
| Q2 FY2007 | 30 Jun 2007 | 30.01B | +263.36% | 6.78B | -23.22B | 0.62 |
| Q1 FY2007 | 31 Mar 2007 | 27.03B | +225.02% | 8.28B | -18.75B | 0.61 |
| Q4 FY2006 | 31 Dec 2006 | 27.14B | +226.62% | 6.03B | -21.11B | 0.64 |
| Q3 FY2006 | 30 Sept 2006 | 28.61B | +654.39% | 5.75B | -22.87B | 0.73 |
| Q2 FY2006 | 30 Jun 2006 | 8.26B | +74.81% | 2.14B | -6.12B | 0.72 |
| Q1 FY2006 | 31 Mar 2006 | 8.32B | +343.05% | 2.07B | -6.25B | 0.76 |
| Q4 FY2005 | 31 Dec 2005 | 8.31B | +319.60% | 2.05B | -6.26B | 0.63 |
| Q3 FY2005 | 30 Sept 2005 | 3.79B | +115.02% | 1.84B | -1.95B | 0.39 |
| Q2 FY2005 | 30 Jun 2005 | 4.72B | +123.15% | 2.06B | -2.67B | 0.51 |
| Q1 FY2005 | 31 Mar 2005 | 1.88B | -19.30% | 2.17B | 295.00M | 0.29 |
| Q4 FY2004 | 31 Dec 2004 | 1.98B | -13.04% | 2.50B | 516.00M | 0.34 |
| Q3 FY2004 | 30 Sept 2004 | 1.76B | -23.04% | 170.00M | -1.59B | 1.75 |
| Q2 FY2004 | 30 Jun 2004 | 2.12B | -5.99% | 143.00M | -1.97B | 4.09 |
| Q1 FY2004 | 31 Mar 2004 | 2.33B | +3.52% | 104.00M | -2.22B | 10.48 |
| Q4 FY2003 | 31 Dec 2003 | 2.28B | -0.31% | 80.00M | -2.20B | 15.28 |
| Q3 FY2003 | 30 Sept 2003 | 2.29B | -2.47% | 71.00M | -2.22B | 10.91 |
| Q2 FY2003 | 30 Jun 2003 | 2.25B | -3.01% | 65.00M | -2.19B | 10.10 |
| Q1 FY2003 | 31 Mar 2003 | 2.25B | -3.64% | 71.00M | -2.18B | 12.02 |
| Q4 FY2002 | 31 Dec 2002 | 2.28B | -3.99% | 77.00M | -2.21B | 17.84 |
| Q3 FY2002 | 30 Sept 2002 | 2.35B | -3.41% | 111.00M | -2.24B | 6.93 |
| Q2 FY2002 | 30 Jun 2002 | 2.32B | -5.76% | 88.00M | -2.23B | 7.10 |
| Q1 FY2002 | 31 Mar 2002 | 2.33B | -10.48% | 79.00M | -2.25B | 7.65 |
| Q4 FY2001 | 31 Dec 2001 | 2.38B | -5.41% | 85.00M | -2.29B | 7.04 |
| Q3 FY2001 | 30 Sept 2001 | 2.43B | -3.07% | 175.00M | -2.26B | 4.01 |
| Q2 FY2001 | 30 Jun 2001 | 2.46B | -2.80% | 240.00M | -2.22B | 3.29 |
| Q1 FY2001 | 31 Mar 2001 | 2.61B | +0.89% | 303.00M | -2.30B | 3.21 |
| Q4 FY2000 | 31 Dec 2000 | 2.52B | -4.77% | 292.00M | -2.22B | 2.85 |
| Q3 FY2000 | 30 Sept 2000 | 2.51B | -6.76% | 246.00M | -2.26B | 2.74 |
| Q2 FY2000 | 30 Jun 2000 | 2.54B | -6.11% | 314.00M | -2.22B | 2.69 |
| Q1 FY2000 | 31 Mar 2000 | 2.58B | -10.63% | 333.00M | -2.25B | 2.88 |
| Q4 FY1999 | 31 Dec 1999 | 2.64B | -10.44% | 317.00M | -2.32B | 3.09 |
| Q3 FY1999 | 30 Sept 1999 | 2.69B | — | 372.00M | -2.32B | 3.31 |
| Q2 FY1999 | 30 Jun 1999 | 2.70B | — | 359.00M | -2.34B | 3.40 |
| Q1 FY1999 | 31 Mar 1999 | 2.89B | — | 522.00M | -2.37B | 3.64 |
| Q4 FY1998 | 31 Dec 1998 | 2.95B | — | 525.00M | -2.42B | 3.68 |
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 ArcelorMittal's debt
Source: Financial Modeling Prep