Spirax Group annual net debt
2020
2021
2022
2023
2024
2025
Spirax Group Net Debt Growth & History (SPX)
Spirax Group's net debt was £525.6M for fiscal 2025.
View full Spirax Group company overviewSpirax Group annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | £525.6M | −£65.4M | −11.07% |
| 2024 | 2024-12-31 | £591.0M | −£25.5M | −4.14% |
| 2023 | 2023-12-31 | £616.5M | −£54.0M | −8.05% |
| 2022 | 2022-12-31 | £670.5M | £535.5M | +396.67% |
| 2021 | 2021-12-31 | £135.0M | −£105.7M | −43.91% |
| 2020 | 2020-12-31 | £240.7M | — | — |
Spirax Group quarterly net debt
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | £707.5M | −£40.3M | −5.39% |
| Q4 2025 | 2025-12-31 | £654.9M | −£36.4M | −5.27% |
| Q2 2025 | 2025-06-30 | £747.8M | — | — |
| Q4 2024 | 2024-12-31 | £691.3M | — | — |
Spirax Group net debt trends
Over the last five fiscal years, Spirax Group's net debt increased from £240.7M to £525.6M, a change of £284.9M. The latest reported quarter, Q2 2026, shows £707.5M.
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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