Trainline annual net debt
2021
2022
2023
2024
2025
2026
Trainline Net Debt Growth & History (TRN)
Trainline's net debt was £202.2M for fiscal 2026.
View full Trainline company overviewTrainline annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-02-28 | £202.2M | £120.4M | +147.17% |
| 2025 | 2025-02-28 | £81.8M | £19.8M | +31.92% |
| 2024 | 2024-02-29 | £62.0M | −£34.5M | −35.77% |
| 2023 | 2023-02-28 | £96.6M | £10.2M | +11.75% |
| 2022 | 2022-02-28 | £86.4M | −£147.5M | −63.06% |
| 2021 | 2021-02-28 | £234.0M | — | — |
Trainline quarterly net debt
Q4.25
Q4.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-02-28 | £202.2M | £120.4M | +147.17% |
| Q4 2025 | 2025-02-28 | £81.8M | — | — |
Trainline net debt trends
Over the last five fiscal years, Trainline's net debt decreased from £234.0M to £202.2M, a change of −£31.7M. The latest reported quarter, Q4 2026, shows £202.2M.
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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