Banco Santander (BSD2) Ratios
Banco Santander Ratios
DE:BSD2's free cash flow for Q2 2026 was $-2.39B. For the 2026 fiscal year, DE:BSD2's free cash flow was decreased by $-1.83B and operating cash flow was $-562.00M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.77 | 0.19 | 0.55 | 21.18 | 23.15 |
| Quick Ratio | 1.77 | 0.19 | 0.89 | 55.96 | 58.87 |
| Cash Ratio | 0.59 | 0.17 | 0.31 | 21.18 | 23.15 |
| Solvency Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Operating Cash Flow Ratio | 0.32 | -0.02 | 0.07 | 2.63 | 6.23 |
| Short-Term Operating Cash Flow Coverage | 0.32 | -0.13 | 1.74 | 0.00 | 0.66 |
| Net Current Asset Value | $ -1.30T | $ -1.48T | $ -1.10T | $ -1.41T | $ -1.29T |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.28 | 0.26 | 0.17 | 0.16 | 0.16 |
| Debt-to-Equity Ratio | 5.05 | 4.90 | 3.26 | 3.18 | 2.86 |
| Debt-to-Capital Ratio | 0.83 | 0.83 | 0.77 | 0.76 | 0.74 |
| Long-Term Debt-to-Capital Ratio | 0.73 | 0.75 | 0.73 | 0.76 | 0.74 |
| Financial Leverage Ratio | 18.10 | 18.63 | 18.83 | 19.47 | 18.36 |
| Debt Service Coverage Ratio | 0.05 | 0.07 | 0.14 | 0.42 | 0.12 |
| Interest Coverage Ratio | 0.31 | 0.29 | 0.26 | 0.45 | 1.09 |
| Debt to Market Cap | 3.62 | 6.96 | 4.96 | 5.94 | 6.53 |
| Interest Debt Per Share | 39.01 | 35.45 | 23.06 | 18.74 | 15.18 |
| Net Debt to EBITDA | 16.86 | 11.95 | -1.01 | 3.28 | 2.27 |
| Profitability Margins | |||||
| Gross Profit Margin | 39.79% | 100.79% | 102.60% | 100.00% | 100.00% |
| EBIT Margin | 15.65% | 37.25% | 35.96% | 36.36% | 36.19% |
| EBITDA Margin | 18.31% | 43.73% | 42.91% | 43.47% | 43.25% |
| Operating Profit Margin | 15.65% | 37.25% | 34.93% | 35.18% | 36.62% |
| Pretax Profit Margin | 15.65% | 37.46% | 35.96% | 36.36% | 37.29% |
| Net Profit Margin | 11.81% | 24.75% | 24.20% | 22.90% | 20.83% |
| Continuous Operations Profit Margin | 11.69% | 27.06% | 26.61% | 25.66% | 24.75% |
| Net Income Per EBT | 75.48% | 66.09% | 67.29% | 62.98% | 55.85% |
| EBT Per EBIT | 100.00% | 100.55% | 102.95% | 103.35% | 101.83% |
| Return on Assets (ROA) | 0.76% | 0.68% | 0.62% | 0.55% | 0.51% |
| Return on Equity (ROE) | 13.67% | 12.75% | 11.61% | 10.78% | 9.35% |
| Return on Capital Employed (ROCE) | 1.16% | 3.58% | 2.23% | 0.86% | 0.90% |
| Return on Invested Capital (ROIC) | 0.75% | 1.89% | 1.20% | 3.93% | 2.82% |
| Return on Tangible Assets | 0.76% | 0.69% | 0.62% | 0.56% | 0.51% |
| Earnings Yield | 9.42% | 18.19% | 17.79% | 20.36% | 16.00% |
| Efficiency Ratios | |||||
| Receivables Turnover | 0.00 | 4.45 | 4.31 | 4.56 | 6.78 |
| Payables Turnover | 28.52 | 32.07 | 22.53 | 14.44 | 8.53 |
| Inventory Turnover | 0.00 | 0.00 | -0.20 | -0.12 | -0.06 |
| Fixed Asset Turnover | 10.24 | 1.63 | 1.39 | 1.27 | 1.21 |
| Asset Turnover | 0.06 | 0.03 | 0.03 | 0.02 | 0.02 |
| Working Capital Turnover Ratio | -0.28 | -0.07 | -0.33 | 0.20 | 0.22 |
| Cash Conversion Cycle | -12.80 | 70.72 | -1722.29 | -3007.81 | -5781.31 |
| Days of Sales Outstanding | 0.00 | 82.10 | 84.70 | 80.05 | 53.86 |
| Days of Inventory Outstanding | 0.00 | 0.00 | -1790.79 | -3062.57 | -5792.40 |
| Days of Payables Outstanding | 12.80 | 11.38 | 16.20 | 25.29 | 42.77 |
| Operating Cycle | 0.00 | 82.10 | -1706.09 | -2982.52 | -5738.54 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 5.62 | -1.56 | 4.98 | 1.64 | 3.28 |
| Free Cash Flow Per Share | 5.22 | -2.11 | 4.14 | 1.00 | 2.62 |
| Dividend Paid and CapEx Coverage Ratio | 9.08 | -2.10 | 5.07 | 2.18 | 4.46 |
| Capital Expenditure Coverage Ratio | 14.27 | -2.84 | 5.91 | 2.56 | 4.97 |
| Operating Cash Flow Coverage Ratio | 0.16 | -0.05 | 0.26 | 0.10 | 0.23 |
| Operating Cash Flow to Sales Ratio | 0.70 | -0.48 | 1.76 | 0.66 | 1.45 |
| Free Cash Flow Yield | 51.87% | -47.24% | 107.48% | 35.75% | 89.18% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 11.07 | 5.79 | 5.62 | 4.91 | 6.25 |
| Price-to-Sales (P/S) Ratio | 1.25 | 1.36 | 1.36 | 1.12 | 1.30 |
| Price-to-Book (P/B) Ratio | 1.45 | 0.70 | 0.65 | 0.53 | 0.58 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 1.93 | -2.12 | 0.93 | 2.80 | 1.12 |
| Price-to-Operating Cash Flow Ratio | 1.79 | -2.86 | 0.77 | 1.70 | 0.90 |
| Price-to-Earnings Growth (PEG) Ratio | 0.61 | 0.31 | 0.28 | 0.22 | -0.03 |
| Enterprise Value Multiple | 23.71 | 15.06 | 2.16 | 5.87 | 5.28 |
| Enterprise Value | 518.20B | 334.60B | 42.35B | 107.06B | 89.11B |
| EV to EBITDA | 23.71 | 15.06 | 2.16 | 5.87 | 5.28 |
| EV to Sales | 4.34 | 6.59 | 0.93 | 2.55 | 2.28 |
| EV to Free Cash Flow | 6.67 | -10.25 | 0.63 | 6.35 | 1.97 |
| EV to Operating Cash Flow | 6.20 | -13.85 | 0.53 | 3.86 | 1.57 |
| Tangible Book Value Per Share | 6.42 | 5.68 | 5.22 | 4.69 | 4.66 |
| Shareholders’ Equity Per Share | 6.94 | 6.36 | 5.90 | 5.29 | 5.03 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.25 | 0.28 | 0.26 | 0.29 | 0.34 |
| Revenue Per Share | 8.03 | 3.28 | 2.83 | 2.49 | 2.26 |
| Net Income Per Share | 0.95 | 0.81 | 0.68 | 0.57 | 0.47 |
| Tax Burden | 0.75 | 0.66 | 0.67 | 0.63 | 0.56 |
| Interest Burden | 1.00 | 1.01 | 1.00 | 1.00 | 1.03 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.18 | 0.44 | 0.46 | 0.47 | 0.45 |
| Stock-Based Compensation to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Quality | 6.65 | -1.92 | 7.27 | 2.57 | 5.87 |
Currency in EUR