Estee Lauder Companies debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$7,306M

Cash & equivalents

USD millions

—

Net debt

USD millions

—

Debt / equity

1.92×

Debt / assets

36.97%

Net debt / EBITDA

× · TTM

—

Debt / FCF

× · TTM

5.55×

Interest coverage

× · TTM

2.34×

Current ratio

1.22×

Diluted shares

Million shares

365.7M shares

Basic shares

Million shares

363.2M shares

Share count growth

0.69%

Share repurchases

USD millions

$0M

Quarterly data

Estee Lauder Companies capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q4	Jun 30, 2026	7,306	—	—	1.92×	36.97%	—	5.55×	2.34×	1.22×	365.7	363.2	0.69%	0
FY 2026 Q3	Mar 31, 2026	—	—	—	—	—	—	—	1.26×	1.27×	365.4	362.7	0.67%	3
FY 2026 Q2	Dec 31, 2025	—	—	—	—	—	—	—	1.4×	1.36×	364.8	362.1	0.58%	58
FY 2026 Q1	Sep 30, 2025	—	—	—	—	—	—	—	-1.41×	1.32×	363.3	361.2	0.44%	9
FY 2025 Q4	Jun 30, 2025	7,317	—	—	1.89×	36.78%	—	10.92×	-2.2×	1.3×	360.7	360.7	0.31%	0
FY 2025 Q3	Mar 31, 2025	—	—	—	—	—	—	—	-1.74×	1.41×	361.4	360.3	0.33%	0
FY 2025 Q2	Dec 31, 2024	—	—	—	—	—	—	—	-1.1×	1.37×	360	360	0.36%	25
FY 2025 Q1	Sep 30, 2024	—	—	—	—	—	—	—	2×	1.32×	359.6	359.6	0.33%	10
FY 2024 Q4	Jun 30, 2024	7,771	—	—	1.46×	35.85%	—	5.39×	2.57×	1.39×	362.01	359.6	0.39%	1
FY 2024 Q3	Mar 31, 2024	—	—	—	—	—	—	—	3.1×	1.58×	360.8	359.1	0.34%	1
FY 2024 Q2	Dec 31, 2023	—	—	—	—	—	—	—	2.75×	1.36×	360	358.7	0.28%	30
FY 2024 Q1	Sep 30, 2023	—	—	—	—	—	—	—	3.11×	1.45×	360.5	358.4	0.14%	3
FY 2023 Q4	Jun 30, 2023	8,114	—	—	1.45×	34.65%	—	11.15×	5.92×	1.46×	360.9	358.2	0.09%	13
FY 2023 Q3	Mar 31, 2023	—	—	—	—	—	—	—	8.05×	1.46×	361.2	357.9	-0.36%	1
FY 2023 Q2	Dec 31, 2022	—	—	—	—	—	—	—	11.24×	1.66×	360.4	357.7	-0.8%	147
FY 2023 Q1	Sep 30, 2022	—	—	—	—	—	—	—	16.94×	1.68×	361.4	357.9	-1.19%	110
FY 2022 Q4	Jun 30, 2022	5,412	—	—	0.97×	25.88%	—	2.71×	18.98×	1.6×	362.19	357.89	-1.38%	311
FY 2022 Q3	Mar 31, 2022	—	—	—	—	—	—	—	19.91×	1.75×	363.6	359.2	-1.21%	570
FY 2022 Q2	Dec 31, 2021	—	—	—	—	—	—	—	18.95×	1.73×	366	360.6	-0.66%	871
FY 2022 Q1	Sep 30, 2021	—	—	—	—	—	—	—	16.75×	1.78×	367.9	362.2	0.03%	557
FY 2021 Q4	Jun 30, 2021	5,569	—	—	0.91×	25.35%	—	1.86×	15.13×	1.84×	368.5	362.9	0.64%	417
FY 2021 Q3	Mar 31, 2021	—	—	—	—	—	—	—	10.23×	2.12×	369	363.6	0.94%	214
FY 2021 Q2	Dec 31, 2020	—	—	—	—	—	—	—	7.45×	1.9×	368	363	0.78%	77
FY 2021 Q1	Sep 30, 2020	—	—	—	—	—	—	—	3.06×	1.85×	367.2	362.1	0.19%	25
FY 2020 Q4	Jun 30, 2020	6,136	—	—	1.55×	34.51%	—	3.7×	3.76×	1.72×	366.3	360.6	-0.39%	10
FY 2020 Q3	Mar 31, 2020	—	—	—	—	—	—	—	9.48×	1.63×	360.2	360.2	-0.47%	70
FY 2020 Q2	Dec 31, 2019	—	—	—	—	—	—	—	14.4×	1.69×	366.7	360.2	-0.85%	500
FY 2020 Q1	Sep 30, 2019	—	—	—	—	—	—	—	18.63×	1.53×	368.6	361.4	-1.47%	313
FY 2019 Q4	Jun 30, 2019	3,412	—	—	0.77×	25.93%	—	1.92×	17.39×	1.57×	368.89	361.99	-1.39%	211
FY 2019 Q3	Mar 31, 2019	3,399	—	—	0.74×	26.29%	—	2×	17.85×	1.69×	368.3	361.9	-1.63%	218
FY 2019 Q2	Dec 31, 2018	3,391	—	—	0.78×	26.75%	—	1.95×	16.4×	1.71×	369.9	363.3	-1.46%	596
FY 2019 Q1	Sep 30, 2018	3,544	—	—	0.8×	28.25%	—	2.06×	16.31×	1.75×	374.4	366.8	-0.43%	530
FY 2018 Q4	Jun 30, 2018	3,544	2,181	1,363	0.75×	28.2%	0.53×	1.82×	16.03×	1.86×	375.7	367.1	-0.25%	83
FY 2018 Q3	Mar 31, 2018	3,659	2,140	1,519	0.77×	28.65%	0.6×	1.9×	15.66×	1.82×	375.7	367.9	0.25%	278
FY 2018 Q2	Dec 31, 2017	3,787	2,105	1,682	0.83×	30.05%	0.69×	2.03×	15.73×	1.76×	376.1	368.7	0.49%	287
FY 2018 Q1	Sep 30, 2017	3,935	1,444	2,491	0.83×	32.25%	1.07×	2.61×	16.3×	1.75×	375.4	368.4	0.55%	111
FY 2017 Q4	Jun 30, 2017	3,572	1,136	2,436	0.81×	30.88%	1.13×	2.76×	16.43×	1.76×	373.9	368	-0.21%	50
FY 2017 Q3	Mar 31, 2017	3,896	1,139	2,757	0.94×	34.04%	1.34×	3.2×	17.92×	1.74×	372.3	367	-0.57%	0
FY 2017 Q2	Dec 31, 2016	4,033	1,262	2,771	1.06×	35.97%	1.39×	3.54×	19.63×	1.07×	372.6	366.9	-0.73%	141
FY 2017 Q1	Sep 30, 2016	2,500	664	1,836	0.68×	26.74%	0.92×	2.25×	21.11×	1.62×	373.3	366.4	-1.64%	222
FY 2016 Q4	Jun 30, 2016	2,241.5	914.1	1,327.4	0.62×	24.3%	0.66×	1.77×	22.78×	1.58×	375.69	368.79	-2.15%	186.8
FY 2016 Q3	Mar 31, 2016	1,925.3	556.3	1,369	0.5×	21.84%	0.65×	1.43×	25.26×	1.75×	375.6	369.1	-2.48%	75.3
FY 2016 Q2	Dec 31, 2015	1,981.7	868.1	1,113.6	0.55×	23.09%	0.53×	1.41×	26.56×	1.81×	376	369.6	-2.74%	240.8
FY 2016 Q1	Sep 30, 2015	2,066.2	408.5	1,657.7	0.59×	24.52%	0.78×	1.54×	27.47×	1.79×	379	372.5	-2.44%	387
FY 2015 Q4	Jun 30, 2015	1,637.3	1,021.4	615.9	0.45×	19.87%	0.31×	1.11×	26.77×	2.09×	383.89	376.89	-1.57%	356.7
FY 2015 Q3	Mar 31, 2015	1,452.8	1,288.3	164.5	0.38×	17.95%	0.08×	1.11×	29.21×	2.11×	384.7	378.5	-1.89%	147.5
FY 2015 Q2	Dec 31, 2014	1,389.2	1,241.2	148	0.36×	17.68%	0.07×	1.1×	28.38×	2.17×	386.1	380	-2.14%	271.6
FY 2015 Q1	Sep 30, 2014	1,333	1,395.4	-62.4	0.35×	17.39%	-0.03×	1.18×	28.96×	2.43×	388.2	381.8	-1.55%	207
FY 2014 Q4	Jun 30, 2014	1,343.1	1,629.1	-286	0.35×	17.07%	-0.13×	1.31×	30.77×	2.35×	390.09	382.89	-1.29%	66.9
FY 2014 Q3	Mar 31, 2014	1,346.1	1,530.2	-184.1	0.37×	17.61%	-0.09×	1.4×	—	2.3×	392.1	385.8	-0.36%	395.4
FY 2014 Q2	Dec 31, 2013	1,338.8	1,748	-409.2	0.34×	17.07%	-0.22×	1.52×	—	2.42×	395.4	388.3	0.23%	145.4
FY 2014 Q1	Sep 30, 2013	1,340.6	1,322.2	18.4	0.37×	17.83%	0.01×	1.44×	—	2.33×	394.9	387.8	0%	59.5
FY 2013 Q4	Jun 30, 2013	1,344.3	1,495.7	-151.4	0.41×	18.81%	-0.08×	1.76×	79.9×	2.22×	395.5	387.9	-0.36%	24.5
FY 2013 Q3	Mar 31, 2013	1,349.2	1,438.6	-89.4	0.42×	19.02%	-0.05×	1.83×	—	2.24×	394	387.2	-0.26%	36.7
FY 2013 Q2	Dec 31, 2012	1,356.1	1,323.6	32.5	0.43×	18.91%	0.02×	1.87×	—	2.12×	394.7	387.4	0.16%	161.1
FY 2013 Q1	Sep 30, 2012	1,354.7	1,053.7	301	0.45×	19.33%	0.18×	2.25×	—	2.14×	395.5	387.8	-0.72%	165.4
FY 2012 Q4	Jun 30, 2012	1,288.1	1,347.7	-59.6	0.47×	19.54%	-0.04×	1.82×	—	1.81×	397	389.3	-1.19%	42.7
FY 2012 Q3	Mar 31, 2012	1,209.9	1,192.8	17.1	0.42×	18.33%	0.01×	1.57×	—	1.89×	396.3	388.2	-1.82%	27.6
FY 2012 Q2	Dec 31, 2011	1,212.5	999.1	213.4	0.46×	19.12%	0.13×	1.64×	—	1.86×	395.2	386.8	-1.68%	119.5
FY 2012 Q1	Sep 30, 2011	1,214.6	719.5	495.1	0.49×	19.8%	0.33×	1.85×	—	1.81×	399.2	390.6	-0.71%	402.9
FY 2011 Q4	Jun 30, 2011	1,218.1	1,253	-34.9	0.46×	19.42%	-0.03×	1.8×	—	1.9×	403	394	—	50
FY 2011 Q3	Mar 31, 2011	1,227.5	1,099	128.5	0.49×	19.81%	—	—	—	1.88×	404	395.4	—	173.6
FY 2011 Q2	Dec 31, 2010	1,231.1	1,043.1	188	0.51×	20.58%	—	—	—	2.01×	401.8	393.4	—	29.2
FY 2011 Q1	Sep 30, 2010	1,235.1	693.5	541.6	0.58×	21.91%	—	—	—	1.9×	400.8	393.4	—	143.8

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · EL, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.