Smiths Group annual debt-to-equity ratio
2022
2023
2024
2025
2026
Smiths Group Debt-to-Equity Ratio Growth & History (SMIN)
Smiths Group's debt-to-equity ratio was 0.47 for fiscal 2026.
View full Smiths Group company overviewSmiths Group annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-07-31 | 0.47 | 0.14 | +42.34% |
| 2025 | 2025-07-31 | 0.33 | 0.03 | +10.86% |
| 2024 | 2024-07-31 | 0.30 | 0.02 | +7.72% |
| 2023 | 2023-07-31 | 0.27 | −0.16 | −36.50% |
| 2022 | 2022-07-31 | 0.43 | — | — |
Smiths Group quarterly debt-to-equity ratio
Q2.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-01-31 | 0.73 | 0.43 | +146.35% |
| Q2 2025 | 2025-01-31 | 0.30 | — | — |
Smiths Group debt-to-equity ratio trends
Between the periods ended 2022-07-31 and 2026-07-31, Smiths Group's debt-to-equity ratio increased from 0.43 to 0.47, a change of 0.03. The latest reported quarter, Q2 2026, shows 0.73.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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