35/100B11.755
USD
-0.26
(-2.12%)
Post Trading·11.750USD-0.005(-0.04%)
Fair value8.90Plus+32%6Price 11.7616
Q4 FY2026 · Earnings report
EPS estimate 0.27Revenue estimate 18.70B
Q4 FY2026 · Earnings report
EPS estimate 0.27Revenue estimate 18.70B
Banco Santander SA total debt 1991–2026What 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.
Banco Santander SA's total debt was 487.92B EUR on 30 September 2026, up 80.5% on a year before. At the end of fiscal year 2025 it was 496.64B EUR.
Last updated 9 Nov 2026 · Next report 2 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 | 487.92B | +80.49% | 165.08B | -322.84B | 4.30 |
| FY2025 | 31 Dec 2025 | 496.64B | +2.74% | 318.20B | -178.44B | 4.81 |
| FY2024 | 31 Dec 2024 | 483.38B | +55.44% | 237.41B | -245.96B | 4.90 |
| FY2023 | 31 Dec 2023 | 310.98B | -26.96% | 268.41B | -42.57B | 3.26 |
| FY2022 | 31 Dec 2022 | 425.75B | +27.32% | 334.03B | -91.73B | 4.78 |
| FY2021 | 31 Dec 2021 | 334.39B | +3.79% | 264.01B | -70.38B | 3.85 |
| FY2020 | 31 Dec 2020 | 322.17B | -14.24% | 269.54B | -52.63B | 3.95 |
| FY2019 | 31 Dec 2019 | 375.65B | +52.32% | 332.80B | -42.85B | 3.75 |
| FY2018 | 31 Dec 2018 | 246.62B | +13.15% | 113.66B | -132.96B | 2.56 |
| FY2017 | 31 Dec 2017 | 217.97B | -4.76% | 111.00B | -106.97B | 2.31 |
| FY2016 | 31 Dec 2016 | 228.87B | +1.20% | 76.45B | -152.42B | 2.52 |
| FY2015 | 31 Dec 2015 | 226.16B | +5.83% | 77.75B | -148.41B | 2.57 |
| FY2014 | 31 Dec 2014 | 213.70B | +11.52% | 69.85B | -143.84B | 2.64 |
| FY2013 | 31 Dec 2013 | 191.62B | -14.54% | 6.70B | -184.92B | 2.71 |
| FY2012 | 31 Dec 2012 | 224.21B | +1.78% | 102.00B | -122.21B | 3.12 |
| FY2011 | 31 Dec 2011 | 220.29B | -1.21% | 185.57B | -34.72B | 2.88 |
| FY2010 | 31 Dec 2010 | 222.98B | -51.48% | 232.93B | 9.95B | 2.97 |
| FY2009 | 31 Dec 2009 | 459.56B | -8.92% | 154.01B | -305.55B | 6.69 |
| FY2008 | 31 Dec 2008 | 504.54B | +99.91% | 112.56B | -391.98B | 8.76 |
| FY2007 | 31 Dec 2007 | 252.39B | +16.12% | 87.17B | -165.22B | 4.57 |
| FY2006 | 31 Dec 2006 | 217.35B | +37.74% | 60.53B | -156.82B | 4.85 |
| FY2005 | 31 Dec 2005 | 157.80B | +21.82% | 130.33B | -27.47B | 3.97 |
| FY2004 | 31 Dec 2004 | 129.54B | +1,056.42% | 87.30B | -42.23B | 3.76 |
| FY2003 | 31 Dec 2003 | 11.20B | -88.16% | 8.89B | -2.31B | 0.11 |
| FY2002 | 31 Dec 2002 | 94.65B | -12.95% | 6.25B | -88.40B | 4.47 |
| FY2001 | 31 Dec 2001 | 108.72B | -3.97% | 9.80B | -98.92B | 4.75 |
| FY2000 | 31 Dec 2000 | 113.22B | +251.25% | 8.39B | -104.82B | 5.41 |
| FY1999 | 31 Dec 1999 | 32.23B | +76.70% | 10.71B | -21.52B | 3.29 |
| FY1998 | 31 Dec 1998 | 18.24B | +46.94% | 37.84B | 19.60B | 3.56 |
| FY1997 | 31 Dec 1997 | 12.41B | +30.11% | 2.09B | -10.33B | 3.10 |
| FY1996 | 31 Dec 1996 | 9.54B | +32.37% | 3.39B | -6.15B | 2.54 |
| FY1995 | 31 Dec 1995 | 7.21B | +8.15% | 2.52B | -4.69B | 1.72 |
| FY1994 | 31 Dec 1994 | 6.66B | +154.14% | 2.40B | -4.27B | 1.77 |
| FY1993 | 31 Dec 1993 | 2.62B | +69.64% | 1.72B | -905.98M | 1.00 |
| FY1992 | 31 Dec 1992 | 1.55B | -87.36% | 12.02B | 10.47B | 0.70 |
| FY1991 | 31 Dec 1991 | 12.23B | — | 9.76B | -2.47B | 5.95 |
| 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 | 487.92B | +80.49% | 165.08B | -322.84B | 4.30 |
| Q2 FY2026 | 30 Jun 2026 | 450.66B | +44.46% | 137.95B | -312.71B | 4.12 |
| Q1 FY2026 | 31 Mar 2026 | 434.25B | +36.46% | 137.46B | -296.79B | 4.09 |
| Q4 FY2025 | 31 Dec 2025 | 496.64B | +2.74% | 318.20B | -178.44B | 4.81 |
| Q3 FY2025 | 29 Sept 2025 | 270.33B | -16.03% | 293.24B | 22.91B | 3.13 |
| Q2 FY2025 | 30 Jun 2025 | 311.96B | +0.03% | 351.61B | 39.65B | 3.10 |
| Q1 FY2025 | 31 Mar 2025 | 318.22B | +0.52% | 376.15B | 57.93B | 3.14 |
| Q4 FY2024 | 31 Dec 2024 | 483.38B | +55.44% | 237.41B | -245.96B | 4.90 |
| Q3 FY2024 | 30 Sept 2024 | 321.93B | +6.86% | 362.75B | 40.81B | 3.33 |
| Q2 FY2024 | 30 Jun 2024 | 311.86B | +6.97% | 342.61B | 30.74B | 3.25 |
| Q1 FY2024 | 31 Mar 2024 | 316.56B | +10.39% | 368.72B | 52.16B | 3.29 |
| Q4 FY2023 | 31 Dec 2023 | 310.98B | +9.90% | 268.41B | -42.57B | 3.26 |
| Q3 FY2023 | 30 Sept 2023 | 301.27B | +5.70% | 488.22B | 186.95B | 3.20 |
| Q2 FY2023 | 30 Jun 2023 | 291.55B | +11.86% | 461.63B | 170.08B | 3.12 |
| Q1 FY2023 | 31 Mar 2023 | 286.76B | +15.72% | 203.36B | -83.40B | 3.17 |
| Q4 FY2022 | 31 Dec 2022 | 282.96B | -15.38% | 223.07B | -59.89B | 3.18 |
| Q3 FY2022 | 30 Sept 2022 | 285.03B | +16.68% | 475.99B | 190.96B | 3.13 |
| Q2 FY2022 | 30 Jun 2022 | 260.65B | +7.16% | 441.39B | 180.75B | 2.91 |
| Q1 FY2022 | 31 Mar 2022 | 247.81B | +1.02% | 431.89B | 184.08B | 2.74 |
| Q4 FY2021 | 31 Dec 2021 | 334.39B | +3.79% | 330.68B | -3.71B | 3.85 |
| Q3 FY2021 | 30 Sept 2021 | 244.28B | -0.11% | 421.33B | 177.05B | 2.86 |
| Q2 FY2021 | 30 Jun 2021 | 243.23B | -6.01% | 355.48B | 112.25B | 2.85 |
| Q1 FY2021 | 31 Mar 2021 | 245.30B | -6.33% | 370.48B | 125.18B | 2.97 |
| Q4 FY2020 | 31 Dec 2020 | 322.17B | -14.24% | 269.54B | -52.63B | 3.95 |
| Q3 FY2020 | 30 Sept 2020 | 244.56B | -5.32% | 329.02B | 84.46B | 2.99 |
| Q2 FY2020 | 30 Jun 2020 | 258.78B | +1.57% | 309.40B | 50.62B | 3.15 |
| Q1 FY2020 | 31 Mar 2020 | 261.89B | +4.65% | 122.46B | -139.44B | 2.72 |
| Q4 FY2019 | 31 Dec 2019 | 375.65B | +52.32% | 332.80B | -42.85B | 3.75 |
| Q3 FY2019 | 30 Sept 2019 | 258.29B | +10.36% | 92.60B | -165.69B | 2.64 |
| Q2 FY2019 | 30 Jun 2019 | 254.79B | +12.35% | 104.10B | -150.69B | 2.58 |
| Q1 FY2019 | 31 Mar 2019 | 250.26B | +11.73% | 103.50B | -146.76B | 2.53 |
| Q4 FY2018 | 31 Dec 2018 | 246.62B | +13.15% | 113.66B | -132.96B | 2.56 |
| Q3 FY2018 | 30 Sept 2018 | 234.03B | +7.04% | 111.70B | -122.33B | 2.46 |
| Q2 FY2018 | 30 Jun 2018 | 226.78B | +1.36% | 107.69B | -119.09B | 2.41 |
| Q1 FY2018 | 31 Mar 2018 | 223.99B | +1.17% | 100.67B | -123.31B | 2.36 |
| Q4 FY2017 | 31 Dec 2017 | 217.97B | -4.76% | 111.00B | -106.97B | 2.31 |
| Q3 FY2017 | 30 Sept 2017 | 218.64B | -4.39% | 122.06B | -96.59B | 2.28 |
| Q2 FY2017 | 30 Jun 2017 | 223.73B | -3.14% | 83.69B | -140.04B | 2.52 |
| Q1 FY2017 | 31 Mar 2017 | 221.39B | -0.10% | 74.80B | -146.59B | 2.39 |
| Q4 FY2016 | 31 Dec 2016 | 228.87B | +1.20% | 76.45B | -152.42B | 2.52 |
| Q3 FY2016 | 30 Sept 2016 | 228.67B | +5.45% | 63.72B | -164.96B | 2.57 |
| Q2 FY2016 | 30 Jun 2016 | 230.99B | +4.86% | 65.37B | -165.62B | 2.61 |
| Q1 FY2016 | 31 Mar 2016 | 221.61B | -2.83% | 6.83B | -214.79B | 2.54 |
| Q4 FY2015 | 31 Dec 2015 | 226.16B | +5.83% | 77.75B | -148.41B | 2.57 |
| Q3 FY2015 | 30 Sept 2015 | 216.86B | +1.94% | 6.29B | -210.58B | 2.46 |
| Q2 FY2015 | 30 Jun 2015 | 220.29B | +4.63% | 6.17B | -214.12B | 2.41 |
| Q1 FY2015 | 31 Mar 2015 | 228.06B | +12.75% | 6.74B | -221.32B | 2.48 |
| Q4 FY2014 | 31 Dec 2014 | 213.70B | +11.52% | 7.49B | -206.20B | 2.64 |
| Q3 FY2014 | 30 Sept 2014 | 212.73B | +8.13% | 5.33B | -207.40B | 2.74 |
| Q2 FY2014 | 30 Jun 2014 | 210.54B | +2.84% | 5.77B | -204.77B | 2.80 |
| Q1 FY2014 | 31 Mar 2014 | 202.27B | -7.46% | 5.51B | -196.77B | 2.79 |
| Q4 FY2013 | 31 Dec 2013 | 191.62B | -14.54% | 6.70B | -184.92B | 2.71 |
| Q3 FY2013 | 30 Sept 2013 | 196.74B | +930.57% | 88.10B | -108.64B | 2.74 |
| Q2 FY2013 | 30 Jun 2013 | 204.72B | -24.61% | 119.24B | -85.49B | 2.87 |
| Q1 FY2013 | 31 Mar 2013 | 218.57B | — | 79.20B | -139.37B | 2.99 |
| Q4 FY2012 | 31 Dec 2012 | 224.21B | +1.78% | 102.00B | -122.21B | 3.00 |
| Q3 FY2012 | 30 Sept 2012 | 19.09B | -26.15% | 177.99B | 158.90B | 0.26 |
| Q2 FY2012 | 30 Jun 2012 | 271.55B | — | 152.31B | -119.24B | 3.69 |
| Q4 FY2011 | 31 Dec 2011 | 220.29B | -1.21% | 185.57B | -34.72B | 2.88 |
| Q3 FY2011 | 30 Sept 2011 | 25.85B | -35.71% | 165.45B | 139.60B | 0.36 |
| Q2 FY2011 | 30 Jun 2011 | 0.00 | -100.00% | 90.00B | 90.00B | 0.00 |
| Q1 FY2011 | 31 Mar 2011 | 26.43B | -89.23% | 188.41B | 161.98B | 0.36 |
| Q4 FY2010 | 31 Dec 2010 | 222.98B | -51.48% | 232.93B | 9.95B | 2.97 |
| Q3 FY2010 | 30 Sept 2010 | 40.21B | -84.00% | 69.18B | 28.98B | 0.57 |
| Q2 FY2010 | 30 Jun 2010 | 247.92B | — | 61.06B | -186.86B | 3.43 |
| Q1 FY2010 | 31 Mar 2010 | 245.47B | -8.65% | 48.39B | -197.07B | 3.51 |
| Q4 FY2009 | 31 Dec 2009 | 459.56B | -8.92% | 136.91B | -322.65B | 6.69 |
| Q3 FY2009 | 30 Sept 2009 | 251.32B | -7.48% | 25.32B | -226.00B | 3.75 |
| Q2 FY2009 | 30 Jun 2009 | 0.00 | -100.00% | 46.33B | 46.33B | 0.00 |
| Q1 FY2009 | 31 Mar 2009 | 268.71B | +669.70% | 36.31B | -232.40B | 4.54 |
| Q4 FY2008 | 31 Dec 2008 | 504.54B | +99.91% | 112.56B | -391.98B | 8.76 |
| Q3 FY2008 | 30 Sept 2008 | 271.65B | +750.83% | 51.67B | -219.97B | 5.05 |
| Q2 FY2008 | 30 Jun 2008 | 273.47B | — | 19.61B | -253.86B | 5.11 |
| Q1 FY2008 | 31 Mar 2008 | 34.91B | -88.98% | 20.29B | -14.62B | 0.68 |
| Q4 FY2007 | 31 Dec 2007 | 252.39B | +16.12% | 87.17B | -165.22B | 4.57 |
| Q3 FY2007 | 30 Sept 2007 | 31.93B | +2.59% | 19.34B | -12.58B | 0.69 |
| Q2 FY2007 | 30 Jun 2007 | 0.00 | -100.00% | 20.38B | 20.38B | 0.00 |
| Q1 FY2007 | 31 Mar 2007 | 316.77B | +98.85% | 15.00B | -301.78B | 7.02 |
| Q4 FY2006 | 31 Dec 2006 | 217.35B | +37.74% | 60.53B | -156.82B | 4.85 |
| Q3 FY2006 | 30 Sept 2006 | 31.12B | +36.83% | 12.25B | -18.87B | 0.69 |
| Q2 FY2006 | 30 Jun 2006 | 30.26B | +32.33% | 15.63B | -14.64B | 0.72 |
| Q1 FY2006 | 31 Mar 2006 | 159.31B | +29.57% | 12.08B | -147.22B | 3.82 |
| Q4 FY2005 | 31 Dec 2005 | 157.80B | +21.82% | 130.33B | -27.47B | 3.97 |
| Q3 FY2005 | 30 Sept 2005 | 22.74B | -70.72% | 9.20B | -13.55B | 0.49 |
| Q2 FY2005 | 30 Jun 2005 | 22.87B | -81.77% | 9.39B | -13.48B | 0.50 |
| Q1 FY2005 | 31 Mar 2005 | 122.95B | +4.81% | 10.20B | -112.75B | 2.92 |
| Q4 FY2004 | 31 Dec 2004 | 129.54B | +1,056.42% | 87.30B | -42.23B | 3.76 |
| Q3 FY2004 | 30 Sept 2004 | 77.68B | -35.70% | 43.21B | -34.46B | 3.39 |
| Q2 FY2004 | 30 Jun 2004 | 125.46B | +18.56% | 42.20B | -83.26B | 5.41 |
| Q1 FY2004 | 31 Mar 2004 | 117.31B | +17.60% | 43.71B | -73.60B | 4.76 |
| Q4 FY2003 | 31 Dec 2003 | 11.20B | -88.16% | 8.89B | -2.31B | 0.11 |
| Q3 FY2003 | 30 Sept 2003 | 120.80B | +25.15% | 46.73B | -74.08B | 5.06 |
| Q2 FY2003 | 30 Jun 2003 | 105.83B | +3.35% | 44.04B | -61.78B | 4.73 |
| Q1 FY2003 | 31 Mar 2003 | 99.75B | -1.85% | 43.46B | -56.29B | 4.20 |
| Q4 FY2002 | 31 Dec 2002 | 94.65B | -12.95% | 6.25B | -88.40B | 4.47 |
| Q3 FY2002 | 30 Sept 2002 | 96.52B | -16.33% | 44.35B | -52.17B | 3.99 |
| Q2 FY2002 | 30 Jun 2002 | 102.39B | -10.53% | 44.36B | -58.04B | 4.32 |
| Q1 FY2002 | 31 Mar 2002 | 101.64B | -13.44% | 50.99B | -50.65B | 4.55 |
| Q4 FY2001 | 31 Dec 2001 | 108.72B | -3.97% | 9.80B | -98.92B | 4.75 |
| Q3 FY2001 | 30 Sept 2001 | 115.37B | +4.51% | 52.07B | -63.30B | 5.07 |
| Q2 FY2001 | 30 Jun 2001 | 114.45B | +3.60% | 50.97B | -63.48B | 5.43 |
| Q1 FY2001 | 31 Mar 2001 | 117.41B | +20.08% | 58.29B | -59.12B | 5.90 |
| Q4 FY2000 | 31 Dec 2000 | 113.22B | +251.25% | 8.39B | -104.82B | 5.41 |
| Q3 FY2000 | 30 Sept 2000 | 110.39B | +307.08% | 49.30B | -61.09B | 5.40 |
| Q2 FY2000 | 30 Jun 2000 | 110.47B | +347.67% | 48.90B | -61.58B | 7.41 |
| Q1 FY2000 | 31 Mar 2000 | 97.78B | +360.98% | 41.45B | -56.32B | 9.22 |
| Q4 FY1999 | 31 Dec 1999 | 32.23B | +76.70% | 10.71B | -21.52B | 3.29 |
| Q3 FY1999 | 30 Sept 1999 | 27.12B | — | 35.01B | 7.89B | 2.54 |
| Q2 FY1999 | 30 Jun 1999 | 24.68B | — | 39.55B | 14.88B | 2.38 |
| Q1 FY1999 | 31 Mar 1999 | 21.21B | — | 43.23B | 22.02B | 2.00 |
| Q4 FY1998 | 31 Dec 1998 | 18.24B | +46.94% | 37.84B | 19.60B | 3.56 |
| Q4 FY1997 | 31 Dec 1997 | 12.41B | +30.11% | 2.09B | -10.33B | 3.10 |
| Q4 FY1996 | 31 Dec 1996 | 9.54B | +32.37% | 3.39B | -6.15B | 2.54 |
| Q4 FY1995 | 31 Dec 1995 | 7.21B | +8.15% | 2.52B | -4.69B | 1.72 |
| Q4 FY1994 | 31 Dec 1994 | 6.66B | +154.14% | 2.40B | -4.27B | 1.77 |
| Q4 FY1993 | 31 Dec 1993 | 2.62B | +69.64% | 1.72B | -905.98M | 1.00 |
| Q4 FY1992 | 31 Dec 1992 | 1.55B | -87.36% | 12.02B | 10.47B | 0.70 |
| Q4 FY1991 | 31 Dec 1991 | 12.23B | — | 9.76B | -2.47B | 5.95 |
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 Banco Santander SA's debt
Source: Financial Modeling Prep