Smith & Nephew annual debt-to-equity ratio
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Smith & Nephew Debt-to-Equity Ratio Growth & History (SN.)
Smith & Nephew's debt-to-equity ratio was 0.63 for fiscal 2025.
View full Smith & Nephew company overviewSmith & Nephew annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.63 | −0.00 | −0.27% |
| 2024 | 2024-12-31 | 0.63 | 0.04 | +6.70% |
| 2023 | 2023-12-31 | 0.59 | 0.05 | +8.25% |
| 2022 | 2022-12-31 | 0.55 | −0.02 | −3.44% |
| 2021 | 2021-12-31 | 0.57 | −0.10 | −15.18% |
| 2020 | 2020-12-31 | 0.67 | 0.27 | +67.46% |
| 2019 | 2019-12-31 | 0.40 | 0.10 | +32.47% |
| 2018 | 2018-12-31 | 0.30 | −0.01 | −3.73% |
| 2017 | 2017-12-31 | 0.31 | −0.10 | −25.10% |
| 2016 | 2016-12-31 | 0.42 | — | — |
Smith & Nephew quarterly debt-to-equity ratio
Q4.16
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q4.25
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | 0.63 | −0.00 | −0.27% |
| Q2 2025 | 2025-06-30 | 0.62 | — | — |
| Q4 2024 | 2024-12-31 | 0.63 | 0.04 | +6.70% |
| Q4 2023 | 2023-12-31 | 0.59 | 0.05 | +8.25% |
| Q4 2022 | 2022-12-31 | 0.55 | −0.02 | −3.44% |
| Q4 2021 | 2021-12-31 | 0.57 | −0.10 | −15.18% |
| Q4 2020 | 2020-12-31 | 0.67 | 0.27 | +67.46% |
| Q4 2019 | 2019-12-31 | 0.40 | 0.10 | +32.47% |
| Q4 2018 | 2018-12-31 | 0.30 | −0.01 | −3.73% |
| Q4 2017 | 2017-12-31 | 0.31 | −0.10 | −25.10% |
| Q4 2016 | 2016-12-31 | 0.42 | — | — |
Smith & Nephew debt-to-equity ratio trends
Over the last five fiscal years, Smith & Nephew's debt-to-equity ratio decreased from 0.67 to 0.63, a change of −0.04. The latest reported quarter, Q4 2025, shows 0.63.
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 SEC-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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