Smiths Group annual net debt
2022
2023
2024
2025
2026
Smiths Group Net Debt Growth & History (SMIN)
Smiths Group's net debt was −£1.75B for fiscal 2026.
View full Smiths Group company overviewSmiths Group annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-07-31 | −£1.75B | −£2.22B | — |
| 2025 | 2025-07-31 | £472.0M | £272.0M | +136.00% |
| 2024 | 2024-07-31 | £200.0M | −£169.0M | −45.80% |
| 2023 | 2023-07-31 | £369.0M | £259.0M | +235.45% |
| 2022 | 2022-07-31 | £110.0M | — | — |
Smiths Group quarterly net debt
Q2.25
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-01-31 | £867.0M | £584.0M | +206.36% |
| Q2 2025 | 2025-01-31 | £283.0M | — | — |
Smiths Group net debt trends
Between the periods ended 2022-07-31 and 2026-07-31, Smiths Group's net debt decreased from £110.0M to −£1.75B, a change of −£1.86B. The latest reported quarter, Q2 2026, shows £867.0M.
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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