Tesco annual debt-to-equity ratio
2021
2022
2023
2024
2025
2026
Tesco Debt-to-Equity Ratio Growth & History (TSCO)
Tesco's debt-to-equity ratio was 1.32 for fiscal 2026.
View full Tesco company overviewTesco annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-02-28 | 1.32 | 0.06 | +4.64% |
| 2025 | 2025-02-22 | 1.26 | −0.01 | −1.14% |
| 2024 | 2024-02-24 | 1.27 | 0.04 | +3.19% |
| 2023 | 2023-02-25 | 1.23 | 0.25 | +25.56% |
| 2022 | 2022-02-26 | 0.98 | −0.32 | −24.36% |
| 2021 | 2021-02-27 | 1.30 | — | — |
Tesco quarterly debt-to-equity ratio
Q4.25
Q2.26
Q4.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-02-28 | 1.32 | 0.06 | +4.64% |
| Q2 2026 | 2025-08-31 | 1.38 | — | — |
| Q4 2025 | 2025-02-28 | 1.26 | — | — |
Tesco debt-to-equity ratio trends
Over the last five fiscal years, Tesco's debt-to-equity ratio increased from 1.30 to 1.32, a change of 0.02. The latest reported quarter, Q4 2026, shows 1.32.
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 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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