Smith & Nephew annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Smith & Nephew Net Debt Growth & History (SN.)
Smith & Nephew's net debt was $2.77B for fiscal 2025.
View full Smith & Nephew company overviewSmith & Nephew annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.77B | $68.0M | +2.52% |
| 2024 | 2024-12-31 | $2.70B | −$80.0M | −2.88% |
| 2023 | 2023-12-31 | $2.78B | $260.0M | +10.31% |
| 2022 | 2022-12-31 | $2.52B | $658.0M | +35.30% |
| 2021 | 2021-12-31 | $1.86B | $95.0M | +5.37% |
| 2020 | 2020-12-31 | $1.77B | −$21.0M | −1.17% |
| 2019 | 2019-12-31 | $1.79B | $658.0M | +58.13% |
| 2018 | 2018-12-31 | $1.13B | −$163.0M | −12.59% |
| 2017 | 2017-12-31 | $1.29B | −$317.0M | −19.67% |
| 2016 | 2016-12-31 | $1.61B | — | — |
Smith & Nephew quarterly net debt
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q2.25
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | $2.77B | $68.0M | +2.52% |
| Q2 2025 | 2025-06-30 | $2.78B | — | — |
| Q4 2024 | 2024-12-31 | $2.70B | −$80.0M | −2.88% |
| Q4 2023 | 2023-12-31 | $2.78B | $260.0M | +10.31% |
| Q4 2022 | 2022-12-31 | $2.52B | $658.0M | +35.30% |
| Q4 2021 | 2021-12-31 | $1.86B | $95.0M | +5.37% |
| Q4 2020 | 2020-12-31 | $1.77B | −$21.0M | −1.17% |
| Q4 2019 | 2019-12-31 | $1.79B | $658.0M | +58.13% |
| Q4 2018 | 2018-12-31 | $1.13B | −$163.0M | −12.59% |
| Q4 2017 | 2017-12-31 | $1.29B | — | — |
Smith & Nephew net debt trends
Over the last five fiscal years, Smith & Nephew's net debt increased from $1.77B to $2.77B, a change of $1.00B. The latest reported quarter, Q4 2025, shows $2.77B.
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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