Tesco annual net debt
2021
2022
2023
2024
2025
2026
Tesco Net Debt Growth & History (TSCO)
Tesco's net debt was £12.56B for fiscal 2026.
View full Tesco company overviewTesco annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-02-28 | £12.56B | £154.0M | +1.24% |
| 2025 | 2025-02-22 | £12.41B | −£90.0M | −0.72% |
| 2024 | 2024-02-24 | £12.50B | −£112.0M | −0.89% |
| 2023 | 2023-02-25 | £12.61B | −£399.0M | −3.07% |
| 2022 | 2022-02-26 | £13.01B | −£148.0M | −1.12% |
| 2021 | 2021-02-27 | £13.16B | — | — |
Tesco quarterly net debt
Q4.25
Q2.26
Q4.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2026 | 2026-02-28 | £12.59B | £156.0M | +1.25% |
| Q2 2026 | 2025-08-31 | £12.56B | — | — |
| Q4 2025 | 2025-02-28 | £12.44B | — | — |
Tesco net debt trends
Over the last five fiscal years, Tesco's net debt decreased from £13.16B to £12.56B, a change of −£595.0M. The latest reported quarter, Q4 2026, shows £12.59B.
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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