Wh Smith annual debt-to-equity ratio
2021
2022
2023
2024
2025
Wh Smith Debt-to-Equity Ratio Growth & History (SMWH)
Wh Smith's debt-to-equity ratio was 5.98 for fiscal 2025.
View full Wh Smith company overviewWh Smith annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-08-31 | 5.98 | 3.32 | +124.93% |
| 2024 | 2024-08-31 | 2.66 | −0.41 | −13.32% |
| 2023 | 2023-08-31 | 3.07 | −0.33 | −9.59% |
| 2022 | 2022-08-31 | 3.39 | −1.72 | −33.67% |
| 2021 | 2021-08-31 | 5.12 | — | — |
Wh Smith quarterly debt-to-equity ratio
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-02-28 | 8.46 | 5.30 | +167.69% |
| Q4 2025 | 2025-08-31 | 5.98 | — | — |
| Q2 2025 | 2025-02-28 | 3.16 | — | — |
Wh Smith debt-to-equity ratio trends
Between the periods ended 2021-08-31 and 2025-08-31, Wh Smith's debt-to-equity ratio increased from 5.12 to 5.98, a change of 0.87. The latest reported quarter, Q2 2026, shows 8.46.
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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