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Ventas total debt 1995–2026What 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.
Ventas's total debt was 12.67B USD on 30 September 2026, down 0.9% on a year before. At the end of fiscal year 2025 it was 13.22B USD.
Last updated 9 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 | 12.67B | -0.94% | 202.01M | -12.47B | 0.80 |
| FY2025 | 31 Dec 2025 | 13.22B | -3.79% | 741.07M | -12.48B | 1.06 |
| FY2024 | 31 Dec 2024 | 13.74B | +0.40% | 897.85M | -12.84B | 1.28 |
| FY2023 | 31 Dec 2023 | 13.69B | +9.60% | 508.79M | -13.18B | 1.44 |
| FY2022 | 31 Dec 2022 | 12.49B | +2.15% | 122.56M | -12.36B | 1.23 |
| FY2021 | 31 Dec 2021 | 12.22B | +0.99% | 149.73M | -12.08B | 1.13 |
| FY2020 | 31 Dec 2020 | 12.11B | -2.45% | 650.88M | -11.45B | 1.19 |
| FY2019 | 31 Dec 2019 | 12.41B | +15.62% | 343.72M | -12.07B | 1.19 |
| FY2018 | 31 Dec 2018 | 10.73B | -4.81% | 278.72M | -10.45B | 1.05 |
| FY2017 | 31 Dec 2017 | 11.28B | +1.34% | 136.02M | -11.14B | 1.04 |
| FY2016 | 31 Dec 2016 | 11.13B | -0.71% | 341.76M | -10.79B | 1.06 |
| FY2015 | 31 Dec 2015 | 11.21B | +3.34% | 116.70M | -11.09B | 1.17 |
| FY2014 | 31 Dec 2014 | 10.84B | +15.80% | 118.46M | -10.73B | 1.25 |
| FY2013 | 31 Dec 2013 | 9.36B | +11.31% | 116.27M | -9.25B | 1.06 |
| FY2012 | 31 Dec 2012 | 8.41B | +30.87% | 67.91M | -8.35B | 0.93 |
| FY2011 | 31 Dec 2011 | 6.43B | +121.69% | 89.14M | -6.34B | 0.69 |
| FY2010 | 31 Dec 2010 | 2.90B | +8.61% | 21.81M | -2.88B | 1.22 |
| FY2009 | 31 Dec 2009 | 2.67B | -14.88% | 107.40M | -2.56B | 1.08 |
| FY2008 | 31 Dec 2008 | 3.14B | -6.65% | 176.81M | -2.96B | 1.46 |
| FY2007 | 31 Dec 2007 | 3.36B | +44.29% | 28.33M | -3.33B | 1.84 |
| FY2006 | 31 Dec 2006 | 2.33B | +29.21% | 1.25M | -2.33B | 3.28 |
| FY2005 | 31 Dec 2005 | 1.80B | +113.78% | 1.64M | -1.80B | 2.70 |
| FY2004 | 31 Dec 2004 | 843.18M | +31.63% | 3.37M | -839.81M | 5.26 |
| FY2003 | 31 Dec 2003 | 640.56M | -9.49% | 82.10M | -558.46M | 11.37 |
| FY2002 | 31 Dec 2002 | 707.71M | -16.58% | 2.46M | -705.25M | — |
| FY2001 | 31 Dec 2001 | 848.37M | -4.29% | 90.80M | -757.57M | — |
| FY2000 | 31 Dec 2000 | 886.39M | -35.50% | 87.40M | -798.98M | — |
| FY1999 | 31 Dec 1999 | 1.37B | +47.59% | 139.59M | -1.23B | 164.68 |
| FY1998 | 31 Dec 1998 | 931.10M | -52.18% | 338.00K | -930.76M | — |
| FY1997 | 31 Dec 1997 | 1.95B | +154.46% | 82.47M | -1.86B | 2.15 |
| FY1996 | 31 Dec 1996 | 765.20M | -2.85% | 112.47M | -652.73M | 0.87 |
| FY1995 | 31 Dec 1995 | 787.67M | — | 35.18M | -752.49M | 0.98 |
| 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 | 12.67B | -0.94% | 202.01M | -12.47B | 0.80 |
| Q2 FY2026 | 30 Jun 2026 | 13.65B | +2.84% | 198.96M | -13.45B | 0.93 |
| Q1 FY2026 | 31 Mar 2026 | 12.73B | -1.51% | 183.61M | -12.54B | 0.97 |
| Q4 FY2025 | 31 Dec 2025 | 13.22B | -3.79% | 741.07M | -12.48B | 1.06 |
| Q3 FY2025 | 30 Sept 2025 | 12.79B | -7.90% | 188.62M | -12.60B | 1.03 |
| Q2 FY2025 | 30 Jun 2025 | 13.27B | -0.85% | 614.20M | -12.66B | 1.15 |
| Q1 FY2025 | 31 Mar 2025 | 12.92B | -6.08% | 182.34M | -12.74B | 1.13 |
| Q4 FY2024 | 31 Dec 2024 | 13.74B | +0.40% | 897.85M | -12.84B | 1.28 |
| Q3 FY2024 | 30 Sept 2024 | 13.88B | +2.19% | 1.10B | -12.78B | 1.42 |
| Q2 FY2024 | 30 Jun 2024 | 13.39B | -1.24% | 557.08M | -12.83B | 1.39 |
| Q1 FY2024 | 31 Mar 2024 | 13.76B | +9.77% | 632.44M | -13.12B | 1.46 |
| Q4 FY2023 | 31 Dec 2023 | 13.69B | +9.60% | 508.79M | -13.18B | 1.44 |
| Q3 FY2023 | 30 Sept 2023 | 13.59B | +9.54% | 433.94M | -13.15B | 1.38 |
| Q2 FY2023 | 30 Jun 2023 | 13.56B | +8.25% | 138.65M | -13.42B | 1.36 |
| Q1 FY2023 | 31 Mar 2023 | 12.53B | -0.61% | 145.36M | -12.39B | 1.25 |
| Q4 FY2022 | 31 Dec 2022 | 12.49B | +2.15% | 122.56M | -12.36B | 1.23 |
| Q3 FY2022 | 30 Sept 2022 | 12.40B | +1.01% | 145.15M | -12.26B | 1.20 |
| Q2 FY2022 | 30 Jun 2022 | 12.52B | +4.64% | 127.07M | -12.40B | 1.19 |
| Q1 FY2022 | 31 Mar 2022 | 12.61B | +5.38% | 149.60M | -12.46B | 1.18 |
| Q4 FY2021 | 31 Dec 2021 | 12.22B | +0.99% | 149.73M | -12.08B | 1.13 |
| Q3 FY2021 | 30 Sept 2021 | 12.28B | -0.14% | 185.21M | -12.09B | 1.11 |
| Q2 FY2021 | 30 Jun 2021 | 11.97B | -6.35% | 489.80M | -11.48B | 1.21 |
| Q1 FY2021 | 31 Mar 2021 | 11.97B | -17.04% | 446.61M | -11.52B | 1.20 |
| Q4 FY2020 | 31 Dec 2020 | 12.11B | -2.45% | 650.88M | -11.45B | 1.19 |
| Q3 FY2020 | 30 Sept 2020 | 12.30B | -0.06% | 868.48M | -11.43B | 1.21 |
| Q2 FY2020 | 30 Jun 2020 | 12.78B | +21.82% | 1.21B | -11.57B | 1.24 |
| Q1 FY2020 | 31 Mar 2020 | 14.42B | +32.27% | 3.09B | -11.33B | 1.36 |
| Q4 FY2019 | 31 Dec 2019 | 12.41B | +15.62% | 343.72M | -12.07B | 1.19 |
| Q3 FY2019 | 30 Sept 2019 | 12.30B | +17.41% | 432.03M | -11.87B | 1.15 |
| Q2 FY2019 | 30 Jun 2019 | 10.49B | +0.84% | 368.40M | -10.12B | 0.97 |
| Q1 FY2019 | 31 Mar 2019 | 10.90B | -1.23% | 139.40M | -10.76B | 1.07 |
| Q4 FY2018 | 31 Dec 2018 | 10.73B | -4.81% | 278.72M | -10.45B | 1.05 |
| Q3 FY2018 | 30 Sept 2018 | 10.48B | -8.28% | 147.34M | -10.33B | 1.00 |
| Q2 FY2018 | 30 Jun 2018 | 10.40B | -12.64% | 357.37M | -10.05B | 0.98 |
| Q1 FY2018 | 31 Mar 2018 | 11.04B | -7.57% | 147.42M | -10.89B | 1.03 |
| Q4 FY2017 | 31 Dec 2017 | 11.28B | +1.34% | 136.02M | -11.14B | 1.04 |
| Q3 FY2017 | 30 Sept 2017 | 11.42B | +1.53% | 139.54M | -11.28B | 1.06 |
| Q2 FY2017 | 30 Jun 2017 | 11.91B | +9.24% | 158.87M | -11.75B | 1.15 |
| Q1 FY2017 | 31 Mar 2017 | 11.94B | +6.19% | 146.53M | -11.80B | 1.15 |
| Q4 FY2016 | 31 Dec 2016 | 11.13B | -0.71% | 341.76M | -10.79B | 1.06 |
| Q3 FY2016 | 30 Sept 2016 | 11.25B | -0.14% | 153.84M | -11.10B | 1.07 |
| Q2 FY2016 | 30 Jun 2016 | 10.90B | -5.27% | 121.71M | -10.78B | 1.13 |
| Q1 FY2016 | 31 Mar 2016 | 11.25B | -3.07% | 115.78M | -11.13B | 1.17 |
| Q4 FY2015 | 31 Dec 2015 | 11.21B | +3.34% | 116.70M | -11.09B | 1.17 |
| Q3 FY2015 | 30 Sept 2015 | 11.27B | +7.64% | 128.94M | -11.14B | 1.17 |
| Q2 FY2015 | 30 Jun 2015 | 11.51B | +19.84% | 123.76M | -11.38B | 1.04 |
| Q1 FY2015 | 31 Mar 2015 | 11.60B | +22.39% | 183.55M | -11.42B | 1.05 |
| Q4 FY2014 | 31 Dec 2014 | 10.84B | +15.80% | 118.46M | -10.73B | 1.25 |
| Q3 FY2014 | 30 Sept 2014 | 10.47B | +11.22% | 127.20M | -10.34B | 1.22 |
| Q2 FY2014 | 30 Jun 2014 | 9.60B | +14.04% | 147.60M | -9.45B | 1.11 |
| Q1 FY2014 | 31 Mar 2014 | 9.48B | +14.29% | 59.79M | -9.42B | 1.09 |
| Q4 FY2013 | 31 Dec 2013 | 9.36B | +11.31% | 116.27M | -9.25B | 1.06 |
| Q3 FY2013 | 30 Sept 2013 | 9.41B | +25.60% | 54.67M | -9.36B | 1.06 |
| Q2 FY2013 | 30 Jun 2013 | 8.42B | +16.87% | 62.42M | -8.36B | 0.94 |
| Q1 FY2013 | 31 Mar 2013 | 8.30B | +29.01% | 57.69M | -8.24B | 0.93 |
| Q4 FY2012 | 31 Dec 2012 | 8.41B | +30.87% | 67.91M | -8.35B | 0.93 |
| Q3 FY2012 | 30 Sept 2012 | 7.49B | +18.72% | 58.53M | -7.44B | 0.80 |
| Q2 FY2012 | 30 Jun 2012 | 7.20B | +43.89% | 52.80M | -7.15B | 0.76 |
| Q1 FY2012 | 31 Mar 2012 | 6.43B | +150.08% | 53.22M | -6.38B | 0.70 |
| Q4 FY2011 | 31 Dec 2011 | 6.43B | +121.69% | 89.14M | -6.34B | 0.69 |
| Q3 FY2011 | 30 Sept 2011 | 6.31B | +118.03% | 57.48M | -6.26B | 0.68 |
| Q2 FY2011 | 30 Jun 2011 | 5.01B | +94.01% | 26.70M | -4.98B | 2.26 |
| Q1 FY2011 | 31 Mar 2011 | 2.57B | -4.70% | 41.90M | -2.53B | 0.97 |
| Q4 FY2010 | 31 Dec 2010 | 2.90B | +8.61% | 21.81M | -2.88B | 1.22 |
| Q3 FY2010 | 30 Sept 2010 | 2.90B | +10.72% | 33.79M | -2.86B | 1.21 |
| Q2 FY2010 | 30 Jun 2010 | 2.58B | -1.36% | 27.79M | -2.55B | 1.07 |
| Q1 FY2010 | 31 Mar 2010 | 2.70B | -8.30% | 132.73M | -2.57B | 1.10 |
| Q4 FY2009 | 31 Dec 2009 | 2.67B | -14.88% | 107.40M | -2.56B | 1.08 |
| Q3 FY2009 | 30 Sept 2009 | 2.62B | -16.59% | 70.89M | -2.54B | 1.05 |
| Q2 FY2009 | 30 Jun 2009 | 2.62B | -19.53% | 46.52M | -2.57B | 1.05 |
| Q1 FY2009 | 31 Mar 2009 | 2.94B | -6.80% | 95.81M | -2.85B | 1.36 |
| Q4 FY2008 | 31 Dec 2008 | 3.14B | -6.65% | 176.81M | -2.96B | 1.46 |
| Q3 FY2008 | 30 Sept 2008 | 3.14B | -4.05% | 115.92M | -3.02B | 1.43 |
| Q2 FY2008 | 30 Jun 2008 | 3.25B | -1.01% | 29.27M | -3.22B | 1.64 |
| Q1 FY2008 | 31 Mar 2008 | 3.16B | +33.19% | 51.35M | -3.11B | 1.60 |
| Q4 FY2007 | 31 Dec 2007 | 3.36B | +44.29% | 28.33M | -3.33B | 1.84 |
| Q3 FY2007 | 30 Sept 2007 | 3.27B | +62.81% | 28.57M | -3.24B | 1.77 |
| Q2 FY2007 | 30 Jun 2007 | 3.28B | +74.45% | 30.14M | -3.25B | 1.75 |
| Q1 FY2007 | 31 Mar 2007 | 2.37B | +27.82% | 0.00 | -2.37B | 3.34 |
| Q4 FY2006 | 31 Dec 2006 | 2.33B | +29.21% | 1.25M | -2.33B | 3.28 |
| Q3 FY2006 | 30 Sept 2006 | 2.01B | +10.81% | 0.00 | -2.01B | 3.12 |
| Q2 FY2006 | 30 Jun 2006 | 1.88B | +2.74% | 1.93M | -1.88B | 2.90 |
| Q1 FY2006 | 31 Mar 2006 | 1.85B | +111.31% | 1.47M | -1.85B | 2.82 |
| Q4 FY2005 | 31 Dec 2005 | 1.80B | +113.78% | 1.64M | -1.80B | 2.70 |
| Q3 FY2005 | 30 Sept 2005 | 1.81B | +112.15% | 5.76M | -1.81B | 2.77 |
| Q2 FY2005 | 30 Jun 2005 | 1.83B | +115.19% | 802.00K | -1.83B | 2.80 |
| Q1 FY2005 | 31 Mar 2005 | 877.64M | +12.18% | 1.78M | -875.86M | 5.26 |
| Q4 FY2004 | 31 Dec 2004 | 843.18M | +31.63% | 3.37M | -839.81M | 5.26 |
| Q3 FY2004 | 30 Sept 2004 | 853.77M | +25.67% | 3.81M | -849.97M | 6.56 |
| Q2 FY2004 | 30 Jun 2004 | 851.68M | +18.26% | 8.88M | -842.80M | 6.57 |
| Q1 FY2004 | 31 Mar 2004 | 782.36M | -1.95% | 1.72M | -780.64M | 6.87 |
| Q4 FY2003 | 31 Dec 2003 | 640.56M | -9.49% | 82.10M | -558.46M | 11.37 |
| Q3 FY2003 | 30 Sept 2003 | 679.36M | -13.56% | 10.10M | -669.27M | — |
| Q2 FY2003 | 30 Jun 2003 | 720.16M | -10.83% | 23.05M | -697.11M | — |
| Q1 FY2003 | 31 Mar 2003 | 797.94M | -4.04% | 13.50M | -784.44M | — |
| Q4 FY2002 | 31 Dec 2002 | 707.71M | -16.58% | 2.46M | -705.25M | — |
| Q3 FY2002 | 30 Sept 2002 | 785.92M | -7.54% | 38.22M | -747.71M | — |
| Q2 FY2002 | 30 Jun 2002 | 807.66M | -5.03% | 46.06M | -761.60M | — |
| Q1 FY2002 | 31 Mar 2002 | 831.54M | -2.33% | 53.03M | -778.51M | — |
| Q4 FY2001 | 31 Dec 2001 | 848.37M | -4.29% | 90.80M | -757.57M | — |
| Q3 FY2001 | 30 Sept 2001 | 850.02M | -7.94% | 23.83M | -826.19M | — |
| Q2 FY2001 | 30 Jun 2001 | 850.42M | -7.90% | 23.38M | -827.04M | — |
| Q1 FY2001 | 31 Mar 2001 | 851.39M | -7.80% | 55.10M | -796.29M | — |
| Q4 FY2000 | 31 Dec 2000 | 886.39M | -35.50% | 87.40M | -798.98M | — |
| Q3 FY2000 | 30 Sept 2000 | 923.37M | -5.31% | 96.14M | -827.23M | — |
| Q2 FY2000 | 30 Jun 2000 | 923.37M | -5.39% | 115.65M | -807.72M | 46.51 |
| Q1 FY2000 | 31 Mar 2000 | 923.37M | -5.48% | 121.65M | -801.72M | 76.89 |
| Q4 FY1999 | 31 Dec 1999 | 1.37B | +47.61% | 139.59M | -1.23B | 164.68 |
| Q3 FY1999 | 30 Sept 1999 | 975.10M | +1.36% | 0.00 | -975.10M | 51.05 |
| Q2 FY1999 | 30 Jun 1999 | 976.00M | -0.20% | 0.00 | -976.00M | 165.42 |
| Q1 FY1999 | 31 Mar 1999 | 976.90M | — | 0.00 | -976.90M | — |
| Q4 FY1998 | 31 Dec 1998 | 931.00M | — | 0.00 | -931.00M | — |
| Q3 FY1998 | 30 Sept 1998 | 962.00M | — | 2.00M | -960.00M | — |
| Q2 FY1998 | 30 Jun 1998 | 978.00M | — | 0.00 | -978.00M | — |
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 Ventas's debt
Source: Financial Modeling Prep