Bae Systems annual net debt
2020
2021
2022
2023
2024
2025
Bae Systems Net Debt Growth & History (BA.)
Bae Systems's net debt was £5.61B for fiscal 2025.
View full Bae Systems company overviewBae Systems annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | £5.61B | −£1.26B | −18.36% |
| 2024 | 2024-12-31 | £6.88B | £4.41B | +179.02% |
| 2023 | 2023-12-31 | £2.46B | −£1.29B | −34.31% |
| 2022 | 2022-12-31 | £3.75B | £312.0M | +9.07% |
| 2021 | 2021-12-31 | £3.44B | −£574.0M | −14.30% |
| 2020 | 2020-12-31 | £4.01B | — | — |
Bae Systems quarterly net debt
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | £4.95B | −£2.32B | −31.92% |
| Q4 2025 | 2025-12-31 | £5.61B | −£1.26B | −18.36% |
| Q2 2025 | 2025-06-30 | £7.28B | — | — |
| Q4 2024 | 2024-12-31 | £6.88B | — | — |
Bae Systems net debt trends
Over the last five fiscal years, Bae Systems's net debt increased from £4.01B to £5.61B, a change of £1.60B. The latest reported quarter, Q2 2026, shows £4.95B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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