Thg annual net debt
2020
2021
2022
2023
2024
2025
Thg Net Debt Growth & History (THG)
Thg's net debt was £378.1M for fiscal 2025.
View full Thg company overviewThg annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | £378.1M | £40.8M | +12.08% |
| 2024 | 2024-12-31 | £337.3M | −£241.5M | −41.73% |
| 2023 | 2023-12-31 | £578.9M | £39.1M | +7.24% |
| 2022 | 2022-12-31 | £539.8M | £237.6M | +78.61% |
| 2021 | 2021-12-31 | £302.2M | £313.4M | — |
| 2020 | 2020-12-31 | −£11.2M | — | — |
Thg quarterly net debt
Q4.24
Q2.25
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | £378.1M | £40.8M | +12.08% |
| Q2 2025 | 2025-06-30 | £472.0M | — | — |
| Q4 2024 | 2024-12-31 | £337.3M | — | — |
Thg net debt trends
Over the last five fiscal years, Thg's net debt increased from −£11.2M to £378.1M, a change of £389.3M. The latest reported quarter, Q4 2025, shows £378.1M.
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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