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Equinor ASA

EQNRNYSEPetroleum RefiningFiscal year ends December 31Also trades as STOHF
Financials through Q4 FY2025, quarter ended Dec 31, 2025Score 3/30
$45.40−3.35 (-6.87%)

Close on Nov 2, 2026Market cap $113.51BP/E 23.4Yield 3.26%

Equinor ASA Net Debt to Capital Employed Adjusted by Quarter

Net Debt to Capital Employed Adjusted (Excluding Finance Leases, %) (%)

Equinor ASA Net Debt to Capital Employed Adjusted: 3.8% in Q3 2026, down 8.4 pts from a year earlier.

Latest, Q3 2026
3.8%
Period ended Sep 30, 2026
Change on a year earlier
-8.4 pts
12.2% in Q3 2025
History
22 quarters
Since Q4 2017
Sources
16
Documents cited below

Where the Q3 2026 figure comes from

Source: SEC Form 6-K Quarterly Report (0001140625-26-000027) ↗

Equinor's target leverage ratio (long-term target range 15–30%; decreased from 17.8% at year-end 2025 to 3.8% at Q3 2026 due to higher European gas prices).

Quarterly history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedNet Debt to Capital Employed Adjusted (Excluding Finance Leases, %) (%)Year on yearSource
Q3 2026Sep 30, 20263.8%-8.4 ptsSEC Form 6-K Quarterly Report (0001140625-26-000027) ↗
Q2 2026Jun 30, 202610.4%-4.8 ptsSEC Form 6-K Quarterly Report (0001140625-26-000025) ↗
Q1 2026Mar 31, 202615.3%+8.4 ptsSEC Form 6-K Quarterly Report (0001140625-26-000023) ↗
Q4 2025Dec 31, 202517.8%+5.9 ptsSEC Form 6-K Quarterly Report (0001140625-26-000027) ↗
Q3 2025Sep 30, 202512.2%–SEC Form 6-K Quarterly Report (0001140625-25-000117) ↗
Q2 2025Jun 30, 202515.2%–SEC Form 6-K Quarterly Report (0001140625-25-000105) ↗
Q1 2025Mar 31, 20256.9%–SEC Form 6-K Quarterly Report (0001140625-25-000084) ↗
Q4 2024Dec 31, 202411.9%+33.5 ptsSEC Form 6-K Quarterly Report (0001140625-26-000003) ↗
Q4 2023Dec 31, 2023-21.6%–SEC Form 6-K Quarterly Report (0001140625-25-000022) ↗
Q1 2021Mar 31, 202124.6%-1.2 ptsSEC Form 6-K Quarterly Report (0001140625-21-000010) ↗
Q4 2020Dec 31, 202031.7%+7.9 ptsSEC Form 6-K Quarterly Report (0001140625-21-000010) ↗
Q2 2020Jun 30, 202029.3%+9.4 ptsSEC Form 6-K Quarterly Report (0001140625-20-000017) ↗
Q1 2020Mar 31, 202025.8%+6.4 ptsSEC Form 6-K Quarterly Report (0001140625-21-000010) ↗
Q4 2019Dec 31, 201923.8%+1.6 ptsSEC Form 6-K Quarterly Report (0001140625-20-000017) ↗
Q3 2019Sep 30, 201922.5%-3.2 ptsSEC Form 6-K Quarterly Report (0001140625-20-000002) ↗
Q2 2019Jun 30, 201919.9%-7.3 ptsSEC Form 6-K Quarterly Report (0001140625-20-000017) ↗

Breakdown

What makes up net Debt to Capital Employed Adjusted

Cite this data

StockData. (2026). Equinor ASA Net Debt to Capital Employed Adjusted (%), quarterly Q4 2017–Q3 2026 [Data set]. Compiled from Equinor ASA SEC filings and investor materials. https://stockdatahq.com/stocks/eqnr/kpis/net-debt-ratio-adj-pct

See every metric in the Equinor ASA KPI table. Data updated Nov 1, 2026.