How much debt does Equinor ASA have?

Equinor ASA had total debt of $33.44B as of Dec 31, 2025, against $19.33B in cash and short-term investments. Its debt-to-equity ratio was 0.83. Total debt was $21.54B a year earlier.

What are Equinor ASA's total assets?

Equinor ASA reported total assets of $131.73B as of Dec 31, 2025, up 0.4% from $131.14B a year earlier. Total liabilities were $91.23B.

What is Equinor ASA's shareholders' equity?

Equinor ASA's shareholders' equity was $40.42B as of Dec 31, 2025, or about $16.17 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry.

Equinor ASA (EQNR) Balance Sheet: Assets & Liabilities

Equinor ASA Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Equinor ASA (EQNR) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Jan 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	5.04	5.90	8.07	9.64	9.44	14.13	3.14	5.18	7.56	4.39
Short-Term Investments	14.30	15.34	29.22	29.22	29.88	21.25	15.48	7.43	7.04	8.45
Cash & Short-Term Investments	19.33	21.24	37.29	38.87	39.31	35.37	18.62	12.60	14.60	12.84
Accounts Receivable	10.82	13.59	13.20	16.93	22.45	17.93	8.23	8.23	9.00	9.43
Inventory	3.33	4.03	3.81	3.81	5.21	3.40	3.08	3.36	2.14	3.40
Other Current Assets	4.55	7.11	5.67	1.38	11.20	2.35	0.89	0.58	0.32	1.53
Total Current Assets	38.03	53.19	62.05	60.99	78.17	62.50	30.82	24.78	26.06	27.19
Non-Current Assets
Property, Plant & Equipment (Net)	61.24	55.56	58.82	58.82	58.10	62.08	68.51	71.75	65.26	63.64
Long-Term Investments	16.36	8.09	2.51	5.95	5.49	23.93	9.44	5.04	5.32	5.39
Goodwill	5.95	1.44	1.73	1.73	1.38	1.47	1.48	1.46	0.57	0.34
Intangible Assets	0.00	4.21	5.71	0.77	2.18	4.99	0.48	9.28	9.11	8.28
Other Non-Current Assets	5.09	8.64	10.49	7.38	3.97	12.84	9.11	3.67	2.90	3.82
Total Non-Current Assets	93.69	77.95	-	82.59	79.85	84.62	93.99	95.08	86.45	83.91
Total Assets	131.73	131.14	143.58	143.58	158.02	147.12	124.81	119.86	112.51	111.10
Current Liabilities
Accounts Payable	9.70	11.11	9.56	11.87	6.21	14.31	2.75	10.45	2.53	3.18
Short-Term Debt	5.24	2.18	2.40	7.28	5.62	0.25	5.78	4.09	2.52	4.09
Current Portion of Long-Term Debt	4.05	7.22	22.23	-	24.14	27.40	-	-	-	-
Accrued Liabilities	2.56	1.39	1.50	2.21	-	-	-	-	-	-
Deferred Revenue	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	4.65	4.79
Other Current Liabilities	15.66	16.47	21.15	4.27	14.33	34.50	9.83	1.32	-2.47	2.90
Total Current Liabilities	30.60	35.02	35.72	35.72	43.81	39.01	19.50	19.56	16.60	19.02
Non-Current Liabilities
Long-Term Debt	28.21	19.36	6.00	24.52	26.55	5.27	32.34	24.95	23.64	24.18
Deferred Tax Liabilities	14.52	12.73	13.35	13.35	12.00	14.04	11.22	9.41	8.67	7.65
Other Non-Current Liabilities	17.90	31.09	32.57	21.50	21.68	23.05	27.85	24.79	20.60	20.36
Total Non-Current Liabilities	60.63	52.72	58.89	59.36	60.23	68.96	71.42	59.15	52.91	52.20
Total Liabilities	91.23	88.76	95.08	95.08	104.03	108.10	90.92	78.70	69.52	71.22
Stockholders' Equity
Common Stock	1.00	1.05	1.10	1.10	1.14	1.16	1.16	1.19	1.19	1.18
Retained Earnings	48.03	52.41	56.52	56.52	58.24	36.68	30.05	37.48	38.79	34.41
Accumulated Other Comprehensive Income	-8.60	-11.12	-9.13	-9.13	-8.43	-5.25	-4.19	-5.26	-5.25	-3.66
Additional Paid-in Capital	0.00	0.00	-	0.00	3.04	6.41	6.85	7.73	8.25	7.87
Minority Interest	0.07	0.04	-	0.01	0.00	0.01	0.02	0.02	0.02	0.02
Shares Outstanding	2.50	2.73	-	2.94	3.12	3.23	-	-	-	-
Total Stockholders' Equity	40.42	42.38	48.50	48.49	53.99	39.02	33.87	41.14	42.97	39.86
Total Liabilities & Equity	131.73	131.14	-	143.58	158.02	147.12	124.81	119.86	112.51	111.10

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Equinor ASA Balance Sheet Analysis

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