Marshalls annual net debt
2020
2021
2022
2023
2024
2025
Marshalls Net Debt Growth & History (MSLH)
Marshalls's net debt was £177.0M for fiscal 2025.
View full Marshalls company overviewMarshalls annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | £177.0M | £7.7M | +4.55% |
| 2024 | 2024-12-31 | £169.3M | −£48.3M | −22.20% |
| 2023 | 2023-12-31 | £217.6M | −£19.0M | −8.03% |
| 2022 | 2022-12-31 | £236.6M | £195.5M | +475.18% |
| 2021 | 2021-12-31 | £41.1M | −£34.4M | −45.56% |
| 2020 | 2020-12-31 | £75.6M | — | — |
Marshalls 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 | £175.3M | −£16.6M | −8.65% |
| Q4 2025 | 2025-12-31 | £177.0M | £7.7M | +4.55% |
| Q2 2025 | 2025-06-30 | £191.9M | — | — |
| Q4 2024 | 2024-12-31 | £169.3M | — | — |
Marshalls net debt trends
Over the last five fiscal years, Marshalls's net debt increased from £75.6M to £177.0M, a change of £101.4M. The latest reported quarter, Q2 2026, shows £175.3M.
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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