LVMH debt and dilution—

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

Extended metrics are available annually. LVMH’s operating free cash flow includes other investment and lease adjustments; these charts use the stated PPE-only definition.

Total debt

EUR millions

€20,343M

Cash & equivalents

EUR millions

€8,794M

Net debt

EUR millions

€11,549M

Debt / equity

0.3×

Debt / assets

14.32%

Net debt / EBITDA

× · TTM

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Debt / FCF

× · TTM

1.35×

Interest coverage

× · TTM

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Current ratio

1.58×

Diluted shares

Million shares

497.98M shares

Basic shares

Million shares

497.65M shares

Share count growth

-0.35%

Share repurchases

EUR millions

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Annual data

LVMH capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtEUR millions	Cash & equivalentsEUR millions	Net debtEUR millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesEUR millions
FY 2025	Dec 31, 2025	20,343	8,794	11,549	0.3×	14.32%	—	1.35×	—	1.58×	497.98	497.65	-0.35%	—
FY 2024	Dec 31, 2024	22,942	9,631	13,311	0.33×	15.38%	—	1.61×	—	1.41×	499.68	499.41	-0.13%	—
FY 2023	Dec 31, 2023	21,907	7,774	14,133	0.35×	15.25%	—	1.89×	—	1.32×	500.3	500.06	—	—

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 · MC.PA, EUR. 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.