49/100B11.210
USD
-0.07
(-0.58%)
Market Open
Last updated: · Delayed 15 min
Vale SA 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.
Vale SA's total debt was 18.16B USD on 30 September 2026, down 1.9% on a year before. At the end of fiscal year 2025 it was 19.39B USD.
Last updated 11 Nov 2026 · Next report 11 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 | 18.16B | -1.94% | 5.04B | -13.12B | 0.48 |
| FY2025 | 31 Dec 2025 | 19.39B | +9.28% | 7.60B | -11.79B | 0.58 |
| FY2024 | 31 Dec 2024 | 17.74B | +5.64% | 5.01B | -12.73B | 0.53 |
| FY2023 | 31 Dec 2023 | 16.80B | +8.81% | 3.66B | -13.14B | 0.43 |
| FY2022 | 31 Dec 2022 | 15.44B | -10.26% | 4.80B | -10.64B | 0.43 |
| FY2021 | 31 Dec 2021 | 17.20B | -19.97% | 11.91B | -5.30B | 0.50 |
| FY2020 | 31 Dec 2020 | 21.49B | +1.58% | 14.26B | -7.23B | 0.60 |
| FY2019 | 31 Dec 2019 | 21.16B | +11.55% | 8.18B | -12.98B | 0.53 |
| FY2018 | 31 Dec 2018 | 18.97B | -15.66% | 5.82B | -13.15B | 0.43 |
| FY2017 | 31 Dec 2017 | 22.49B | -27.21% | 6.35B | -16.14B | 0.50 |
| FY2016 | 31 Dec 2016 | 30.90B | +3.39% | 4.28B | -26.62B | 0.79 |
| FY2015 | 31 Dec 2015 | 29.88B | -3.44% | 3.62B | -26.26B | 0.89 |
| FY2014 | 31 Dec 2014 | 30.95B | -1.53% | 4.12B | -26.83B | 0.57 |
| FY2013 | 31 Dec 2013 | 31.43B | -2.40% | 5.32B | -26.11B | 0.50 |
| FY2012 | 31 Dec 2012 | 32.20B | +49.51% | 6.08B | -26.12B | 0.43 |
| FY2011 | 31 Dec 2011 | 21.54B | -12.31% | 3.53B | -18.01B | 0.28 |
| FY2010 | 31 Dec 2010 | 24.56B | +1.83% | 9.38B | -15.19B | 0.36 |
| FY2009 | 31 Dec 2009 | 24.12B | +32.20% | 11.32B | -12.80B | 0.44 |
| FY2008 | 31 Dec 2008 | 18.25B | -4.13% | 12.64B | -5.61B | 0.43 |
| FY2007 | 31 Dec 2007 | 19.03B | -15.73% | 1.05B | -17.98B | 0.57 |
| FY2006 | 31 Dec 2006 | 22.58B | +321.31% | 4.45B | -18.13B | 1.15 |
| FY2005 | 31 Dec 2005 | 5.36B | +17.78% | 1.16B | -4.20B | 0.52 |
| FY2004 | 31 Dec 2004 | 4.55B | +12.98% | 1.48B | -3.08B | 0.67 |
| FY2003 | 31 Dec 2003 | 4.03B | +20.92% | 585.00M | -3.44B | 0.82 |
| FY2002 | 31 Dec 2002 | 3.33B | +2.68% | 1.09B | -2.24B | 1.01 |
| FY2001 | 31 Dec 2001 | 3.24B | +17.32% | 1.12B | -2.13B | 0.70 |
| FY2000 | 31 Dec 2000 | 2.77B | — | 1.21B | -1.55B | 0.61 |
| 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 | 18.16B | -1.94% | 5.04B | -13.12B | 0.48 |
| Q2 FY2026 | 30 Jun 2026 | 18.94B | -6.69% | 5.77B | -13.17B | 0.50 |
| Q1 FY2026 | 31 Mar 2026 | 18.83B | +1.52% | 5.28B | -13.55B | 0.51 |
| Q4 FY2025 | 31 Dec 2025 | 19.39B | +9.28% | 7.60B | -11.79B | 0.58 |
| Q3 FY2025 | 30 Sept 2025 | 18.52B | +11.62% | 6.08B | -12.44B | 0.45 |
| Q2 FY2025 | 30 Jun 2025 | 20.30B | +15.46% | 5.70B | -14.60B | 0.52 |
| Q1 FY2025 | 31 Mar 2025 | 18.55B | +7.23% | 4.00B | -14.55B | 0.53 |
| Q4 FY2024 | 31 Dec 2024 | 17.74B | +5.64% | 5.01B | -12.73B | 0.53 |
| Q3 FY2024 | 30 Sept 2024 | 16.59B | +0.91% | 4.65B | -11.94B | 0.43 |
| Q2 FY2024 | 30 Jun 2024 | 17.58B | +6.78% | 6.54B | -11.04B | 0.48 |
| Q1 FY2024 | 31 Mar 2024 | 17.30B | +9.25% | 3.83B | -13.46B | 0.46 |
| Q4 FY2023 | 31 Dec 2023 | 16.80B | +8.81% | 3.66B | -13.14B | 0.43 |
| Q3 FY2023 | 30 Sept 2023 | 16.44B | +10.62% | 4.03B | -12.41B | 0.43 |
| Q2 FY2023 | 30 Jun 2023 | 16.47B | +4.03% | 5.03B | -11.44B | 0.42 |
| Q1 FY2023 | 31 Mar 2023 | 15.83B | -13.56% | 4.76B | -11.07B | 0.42 |
| Q4 FY2022 | 31 Dec 2022 | 15.44B | -10.26% | 4.80B | -10.64B | 0.43 |
| Q3 FY2022 | 30 Sept 2022 | 14.86B | -16.71% | 5.22B | -9.64B | 0.45 |
| Q2 FY2022 | 30 Jun 2022 | 15.83B | -15.53% | 7.23B | -8.59B | 0.45 |
| Q1 FY2022 | 31 Mar 2022 | 18.31B | -6.18% | 9.10B | -9.21B | 0.49 |
| Q4 FY2021 | 31 Dec 2021 | 17.20B | -19.97% | 11.91B | -5.30B | 0.50 |
| Q3 FY2021 | 30 Sept 2021 | 17.85B | -7.46% | 12.60B | -5.25B | 0.54 |
| Q2 FY2021 | 30 Jun 2021 | 18.74B | +1.25% | 14.60B | -4.14B | 0.45 |
| Q1 FY2021 | 31 Mar 2021 | 19.52B | -13.78% | 14.31B | -5.21B | 0.54 |
| Q4 FY2020 | 31 Dec 2020 | 21.49B | +1.58% | 14.26B | -7.23B | 0.60 |
| Q3 FY2020 | 30 Sept 2020 | 19.28B | +16.18% | 8.97B | -10.31B | 0.56 |
| Q2 FY2020 | 30 Jun 2020 | 18.51B | +4.96% | 12.17B | -6.33B | 0.54 |
| Q1 FY2020 | 31 Mar 2020 | 22.64B | +0.19% | 12.27B | -10.37B | 0.66 |
| Q4 FY2019 | 31 Dec 2019 | 21.16B | +11.55% | 8.18B | -12.98B | 0.53 |
| Q3 FY2019 | 30 Sept 2019 | 16.60B | -15.49% | 9.47B | -7.13B | 0.40 |
| Q2 FY2019 | 30 Jun 2019 | 17.63B | -15.35% | 6.45B | -11.18B | 0.41 |
| Q1 FY2019 | 31 Mar 2019 | 22.60B | -3.86% | 5.02B | -17.58B | 0.53 |
| Q4 FY2018 | 31 Dec 2018 | 18.97B | -15.66% | 5.82B | -13.15B | 0.43 |
| Q3 FY2018 | 30 Sept 2018 | 19.64B | -31.29% | 6.11B | -13.53B | 0.48 |
| Q2 FY2018 | 30 Jun 2018 | 20.83B | -31.80% | 6.39B | -14.44B | 0.50 |
| Q1 FY2018 | 31 Mar 2018 | 23.51B | -28.27% | 5.38B | -18.13B | 0.53 |
| Q4 FY2017 | 31 Dec 2017 | 22.49B | -27.21% | 6.35B | -16.14B | 0.50 |
| Q3 FY2017 | 30 Sept 2017 | 28.58B | -12.87% | 4.72B | -23.86B | 0.64 |
| Q2 FY2017 | 30 Jun 2017 | 30.54B | -7.96% | 5.73B | -24.81B | 0.75 |
| Q1 FY2017 | 31 Mar 2017 | 32.77B | -0.17% | 6.79B | -25.98B | 0.78 |
| Q4 FY2016 | 31 Dec 2016 | 30.90B | +3.39% | 4.28B | -26.62B | 0.79 |
| Q3 FY2016 | 30 Sept 2016 | 32.80B | +11.21% | 5.48B | -27.32B | 0.83 |
| Q2 FY2016 | 30 Jun 2016 | 33.18B | +7.32% | 4.31B | -28.87B | 0.84 |
| Q1 FY2016 | 31 Mar 2016 | 32.83B | +9.39% | 3.81B | -29.02B | 0.89 |
| Q4 FY2015 | 31 Dec 2015 | 29.88B | -3.44% | 3.62B | -26.26B | 0.89 |
| Q3 FY2015 | 30 Sept 2015 | 29.50B | -6.49% | 4.46B | -25.03B | 0.70 |
| Q2 FY2015 | 30 Jun 2015 | 30.91B | -4.71% | 3.26B | -27.65B | 0.63 |
| Q1 FY2015 | 31 Mar 2015 | 30.01B | -6.82% | 3.69B | -26.32B | 0.64 |
| Q4 FY2014 | 31 Dec 2014 | 30.95B | -1.53% | 4.12B | -26.83B | 0.57 |
| Q3 FY2014 | 30 Sept 2014 | 31.54B | -0.02% | 8.33B | -23.21B | 0.51 |
| Q2 FY2014 | 30 Jun 2014 | 32.44B | +2.64% | 7.07B | -25.38B | 0.48 |
| Q1 FY2014 | 31 Mar 2014 | 32.21B | +0.55% | 7.18B | -25.02B | 0.49 |
| Q4 FY2013 | 31 Dec 2013 | 31.43B | -2.39% | 5.32B | -26.11B | 0.50 |
| Q3 FY2013 | 30 Sept 2013 | 31.55B | +2.00% | 7.20B | -24.34B | 0.43 |
| Q2 FY2013 | 30 Jun 2013 | 31.61B | — | 6.26B | -25.35B | 0.45 |
| Q1 FY2013 | 31 Mar 2013 | 32.03B | +21.28% | 6.61B | -25.42B | 0.42 |
| Q4 FY2012 | 31 Dec 2012 | 32.20B | +31.39% | 6.08B | -26.12B | 0.43 |
| Q3 FY2012 | 30 Sept 2012 | 30.93B | +17.13% | 8.64B | -22.29B | 0.38 |
| Q2 FY2012 | 30 Jun 2012 | 0.00 | -100.00% | 0.00 | 0.00 | 0.00 |
| Q1 FY2012 | 31 Mar 2012 | 26.41B | +5.09% | 4.92B | -21.49B | 0.32 |
| Q4 FY2011 | 31 Dec 2011 | 24.51B | -5.18% | 3.53B | -20.98B | 0.32 |
| Q3 FY2011 | 30 Sept 2011 | 26.40B | +3.62% | 8.03B | -18.37B | 0.34 |
| Q2 FY2011 | 30 Jun 2011 | 25.87B | +8.01% | 13.23B | -12.64B | 0.30 |
| Q1 FY2011 | 31 Mar 2011 | 25.13B | +3.03% | 11.81B | -13.32B | 0.33 |
| Q4 FY2010 | 31 Dec 2010 | 25.85B | +9.37% | 9.38B | -16.47B | 0.38 |
| Q3 FY2010 | 30 Sept 2010 | 25.48B | +20.39% | 9.72B | -15.76B | 0.37 |
| Q2 FY2010 | 30 Jun 2010 | 23.95B | +22.88% | 6.24B | -17.72B | 0.40 |
| Q1 FY2010 | 31 Mar 2010 | 24.39B | +32.46% | 11.14B | -13.26B | 0.42 |
| Q4 FY2009 | 31 Dec 2009 | 23.63B | +29.53% | 11.04B | -12.59B | 0.42 |
| Q3 FY2009 | 30 Sept 2009 | 21.17B | +1.86% | 13.02B | -8.15B | 0.37 |
| Q2 FY2009 | 30 Jun 2009 | 19.49B | -4.31% | 11.19B | -8.30B | 0.39 |
| Q1 FY2009 | 31 Mar 2009 | 18.41B | -10.28% | 12.21B | -6.20B | 0.42 |
| Q4 FY2008 | 31 Dec 2008 | 18.25B | -4.13% | 12.64B | -5.61B | 0.43 |
| Q3 FY2008 | 30 Sept 2008 | 20.78B | +13.75% | 15.58B | -5.20B | 0.41 |
| Q2 FY2008 | 30 Jun 2008 | 20.37B | +6.81% | 2.15B | -18.22B | 0.49 |
| Q1 FY2008 | 31 Mar 2008 | 20.52B | -12.59% | 2.26B | -18.26B | 0.59 |
| Q4 FY2007 | 31 Dec 2007 | 19.03B | -15.73% | 1.05B | -17.98B | 0.57 |
| Q3 FY2007 | 30 Sept 2007 | 18.27B | +211.21% | 2.51B | -15.76B | 0.54 |
| Q2 FY2007 | 30 Jun 2007 | 19.07B | +224.22% | 1.77B | -17.30B | 0.66 |
| Q1 FY2007 | 31 Mar 2007 | 23.48B | +289.76% | 3.95B | -19.53B | 1.06 |
| Q4 FY2006 | 31 Dec 2006 | 22.58B | +321.31% | 4.45B | -18.13B | 1.15 |
| Q3 FY2006 | 30 Sept 2006 | 5.87B | +48.91% | 2.89B | -2.98B | 0.31 |
| Q2 FY2006 | 30 Jun 2006 | 5.88B | +41.15% | 1.89B | -3.99B | 0.34 |
| Q1 FY2006 | 31 Mar 2006 | 6.02B | +45.82% | 1.64B | -4.38B | 0.36 |
| Q4 FY2005 | 31 Dec 2005 | 5.36B | +17.78% | 1.16B | -4.20B | 0.52 |
| Q3 FY2005 | 30 Sept 2005 | 3.94B | -30.11% | 1.24B | -2.71B | 0.32 |
| Q2 FY2005 | 30 Jun 2005 | 4.17B | -7.67% | 956.00M | -3.21B | 0.41 |
| Q1 FY2005 | 31 Mar 2005 | 4.13B | -2.66% | 1.12B | -3.01B | 0.51 |
| Q4 FY2004 | 31 Dec 2004 | 4.55B | +12.98% | 1.48B | -3.08B | 0.67 |
| Q3 FY2004 | 30 Sept 2004 | 5.64B | +34.38% | 0.00 | -5.64B | 0.87 |
| Q2 FY2004 | 30 Jun 2004 | 4.51B | — | 1.06B | -3.46B | 0.87 |
| Q1 FY2004 | 31 Mar 2004 | 4.24B | +28.06% | 1.00B | -3.24B | 0.83 |
| Q4 FY2003 | 31 Dec 2003 | 4.03B | +20.92% | 585.00M | -3.44B | 0.82 |
| Q3 FY2003 | 30 Sept 2003 | 4.20B | +17.27% | 1.34B | -2.86B | 0.90 |
| Q2 FY2003 | 30 Jun 2003 | 0.00 | -100.00% | 0.00 | 0.00 | 0.00 |
| Q1 FY2003 | 31 Mar 2003 | 3.31B | -15.78% | 1.28B | -2.03B | 0.91 |
| Q4 FY2002 | 31 Dec 2002 | 3.33B | — | 1.09B | -2.24B | 1.01 |
| Q3 FY2002 | 30 Sept 2002 | 3.58B | — | 1.40B | -2.18B | 1.37 |
| Q2 FY2002 | 30 Jun 2002 | 3.91B | — | 1.57B | -2.34B | 0.99 |
| Q1 FY2002 | 31 Mar 2002 | 3.94B | — | 2.01B | -1.93B | 0.82 |
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 Vale SA's debt
Source: Financial Modeling Prep