Wh Smith annual net debt
2021
2022
2023
2024
2025
Wh Smith Net Debt Growth & History (SMWH)
Wh Smith's net debt was £874.0M for fiscal 2025.
View full Wh Smith company overviewWh Smith annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-08-31 | £874.0M | −£123.0M | −12.34% |
| 2024 | 2024-08-31 | £997.0M | £102.0M | +11.40% |
| 2023 | 2023-08-31 | £895.0M | £26.0M | +2.99% |
| 2022 | 2022-08-31 | £869.0M | £114.0M | +15.10% |
| 2021 | 2021-08-31 | £755.0M | — | — |
Wh Smith quarterly net debt
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-02-28 | £1.01B | −£45.0M | −4.27% |
| Q4 2025 | 2025-08-31 | £874.0M | — | — |
| Q2 2025 | 2025-02-28 | £1.05B | — | — |
Wh Smith net debt trends
Between the periods ended 2021-08-31 and 2025-08-31, Wh Smith's net debt increased from £755.0M to £874.0M, a change of £119.0M. The latest reported quarter, Q2 2026, shows £1.01B.
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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