Relx total debt 1985–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Relx's total debt was 8.91B GBP on 30 June 2026, up 18.2% on a year before. At the end of fiscal year 2025 it was 7.33B GBP.
Last updated 9 Nov 2026 · Next report 18 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest half | 30 Jun 2026 | 8.91B | +18.20% | 220.00M | -8.69B | 7.19 |
| FY2025 | 31 Dec 2025 | 7.33B | +12.07% | 131.00M | -7.20B | 3.10 |
| FY2024 | 31 Dec 2024 | 6.54B | +0.72% | 119.00M | -6.43B | 1.88 |
| FY2023 | 31 Dec 2023 | 6.50B | -3.46% | 155.00M | -6.34B | 1.88 |
| FY2022 | 31 Dec 2022 | 6.73B | +9.13% | 334.00M | -6.40B | 1.78 |
| FY2021 | 31 Dec 2021 | 6.17B | -13.42% | 113.00M | -6.05B | 1.91 |
| FY2020 | 31 Dec 2020 | 7.12B | +11.05% | 88.00M | -7.04B | 3.39 |
| FY2019 | 31 Dec 2019 | 6.41B | +0.77% | 138.00M | -6.28B | 2.96 |
| FY2018 | 31 Dec 2018 | 6.37B | +30.27% | 114.00M | -6.25B | 2.73 |
| FY2017 | 31 Dec 2017 | 4.89B | +0.89% | 111.00M | -4.78B | 2.08 |
| FY2016 | 31 Dec 2016 | 4.84B | +24.12% | 162.00M | -4.68B | 2.09 |
| FY2015 | 31 Dec 2015 | 3.90B | +2.01% | 122.00M | -3.78B | 1.82 |
| FY2014 | 31 Dec 2014 | 3.83B | +16.58% | 276.00M | -3.55B | 1.82 |
| FY2013 | 31 Dec 2013 | 3.28B | -15.70% | 132.00M | -3.15B | 1.37 |
| FY2012 | 31 Dec 2012 | 3.89B | +71.82% | 641.00M | -3.25B | 1.71 |
| FY2011 | 31 Dec 2011 | 2.27B | -0.46% | 384.05M | -1.88B | 1.97 |
| FY2010 | 31 Dec 2010 | 2.28B | -8.58% | 392.52M | -1.88B | 2.21 |
| FY2009 | 31 Dec 2009 | 2.49B | -23.38% | 388.29M | -2.10B | 2.72 |
| FY2008 | 31 Dec 2008 | 3.25B | +96.29% | 198.38M | -3.05B | 6.44 |
| FY2007 | 31 Dec 2007 | 1.66B | +4.09% | 1.31B | -350.20M | 1.06 |
| FY2006 | 31 Dec 2006 | 1.59B | -4.99% | 274.55M | -1.32B | 1.53 |
| FY2005 | 31 Dec 2005 | 1.67B | +14.76% | 156.58M | -1.52B | 1.61 |
| FY2004 | 31 Dec 2004 | 1.46B | -51.55% | 119.03M | -1.34B | 1.66 |
| FY2003 | 31 Dec 2003 | 3.01B | -8.84% | 405.50M | -2.60B | 2.34 |
| FY2002 | 31 Dec 2002 | 3.30B | -9.88% | 470.53M | -2.83B | 2.36 |
| FY2001 | 31 Dec 2001 | 3.66B | +80.76% | 96.00M | -3.57B | 1.26 |
| FY2000 | 31 Dec 2000 | 2.03B | +34.59% | 85.00M | -1.94B | 0.67 |
| FY1999 | 31 Dec 1999 | 1.51B | -9.82% | 79.00M | -1.43B | 0.81 |
| FY1998 | 31 Dec 1998 | 1.67B | +13.30% | 708.00M | -962.00M | 0.78 |
| FY1997 | 31 Dec 1997 | 1.47B | +108.41% | 844.00M | -630.00M | 0.99 |
| FY1996 | 31 Dec 1996 | 707.27M | -12.21% | 603.59M | -103.68M | 0.65 |
| FY1995 | 31 Dec 1995 | 805.67M | -0.85% | 445.95M | -359.72M | 0.74 |
| FY1994 | 31 Dec 1994 | 812.54M | +42.49% | 127.49M | -685.06M | 1.09 |
| FY1993 | 31 Dec 1993 | 570.26M | -39.19% | 266.09M | -304.18M | 0.63 |
| FY1991 | 31 Mar 1992 | 937.70M | +18.11% | 436.80M | -500.90M | 0.69 |
| FY1990 | 31 Mar 1991 | 793.90M | +15.21% | 364.30M | -429.60M | 0.61 |
| FY1989 | 31 Mar 1990 | 689.10M | +187.96% | 313.10M | -376.00M | 0.50 |
| FY1988 | 31 Mar 1989 | 239.30M | -28.76% | 680.00M | 440.70M | 0.16 |
| FY1987 | 31 Mar 1988 | 335.90M | +13.90% | 173.30M | -162.60M | 0.34 |
| FY1986 | 31 Mar 1987 | 294.90M | +26.24% | 135.90M | -159.00M | 0.43 |
| FY1985 | 31 Mar 1986 | 233.60M | — | 154.90M | -78.70M | 0.37 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| H1 FY2026 | 30 Jun 2026 | 8.91B | +18.20% | 220.00M | -8.69B | 7.19 |
| H2 FY2025 | 31 Dec 2025 | 7.33B | +12.07% | 131.00M | -7.20B | 3.10 |
| H1 FY2025 | 30 Jun 2025 | 7.54B | +8.26% | 211.00M | -7.32B | 3.46 |
| H2 FY2024 | 31 Dec 2024 | 6.54B | +0.72% | 119.00M | -6.43B | 1.88 |
| H1 FY2024 | 30 Jun 2024 | 6.96B | +2.38% | 140.00M | -6.82B | 2.17 |
| H2 FY2023 | 31 Dec 2023 | 6.50B | -3.46% | 155.00M | -6.34B | 1.88 |
| H1 FY2023 | 30 Jun 2023 | 6.80B | -1.46% | 99.00M | -6.70B | 2.08 |
| H2 FY2022 | 31 Dec 2022 | 6.73B | +9.13% | 334.00M | -6.40B | 1.78 |
| H1 FY2022 | 30 Jun 2022 | 6.90B | +6.55% | 102.00M | -6.80B | 1.89 |
| H2 FY2021 | 31 Dec 2021 | 6.17B | -13.42% | 113.00M | -6.05B | 1.91 |
| H1 FY2021 | 30 Jun 2021 | 6.48B | -17.28% | 66.00M | -6.41B | 2.68 |
| H2 FY2020 | 31 Dec 2020 | 7.12B | +11.05% | 88.00M | -7.04B | 3.39 |
| H1 FY2020 | 30 Jun 2020 | 7.83B | +13.86% | 195.00M | -7.63B | 3.77 |
| H2 FY2019 | 31 Dec 2019 | 6.41B | +0.77% | 138.00M | -6.28B | 2.96 |
| H1 FY2019 | 30 Jun 2019 | 6.88B | +7.78% | 118.00M | -6.76B | 3.12 |
| H2 FY2018 | 31 Dec 2018 | 6.37B | +30.27% | 114.00M | -6.25B | 2.73 |
| H1 FY2018 | 30 Jun 2018 | 6.38B | +22.77% | 105.00M | -6.27B | 2.97 |
| H2 FY2017 | 31 Dec 2017 | 4.89B | +0.89% | 111.00M | -4.78B | 2.08 |
| H1 FY2017 | 30 Jun 2017 | 5.20B | +7.85% | 160.00M | -5.04B | 2.76 |
| H2 FY2016 | 31 Dec 2016 | 4.84B | +24.12% | 162.00M | -4.68B | 2.09 |
| H1 FY2016 | 30 Jun 2016 | 4.82B | +21.79% | 211.00M | -4.61B | 2.44 |
| H2 FY2015 | 31 Dec 2015 | 3.90B | +2.01% | 122.00M | -3.78B | 1.82 |
| H1 FY2015 | 30 Jun 2015 | 3.96B | +14.17% | 144.00M | -3.81B | 2.21 |
| H2 FY2014 | 31 Dec 2014 | 3.83B | +16.58% | 276.00M | -3.55B | 1.82 |
| H1 FY2014 | 30 Jun 2014 | 3.47B | -8.58% | 155.00M | -3.31B | 1.82 |
| H2 FY2013 | 31 Dec 2013 | 3.28B | -15.70% | 132.00M | -3.15B | 1.37 |
| H1 FY2013 | 30 Jun 2013 | 3.79B | -1.56% | 374.00M | -3.42B | 1.58 |
| H2 FY2012 | 31 Dec 2012 | 3.89B | -9.11% | 641.00M | -3.25B | 1.71 |
| H1 FY2012 | 30 Jun 2012 | 3.85B | -10.96% | 425.00M | -3.43B | 1.72 |
| H2 FY2011 | 31 Dec 2011 | 4.28B | -0.46% | 726.00M | -3.56B | 1.97 |
| H1 FY2011 | 30 Jun 2011 | 4.32B | -6.51% | 784.00M | -3.54B | 2.18 |
| H2 FY2010 | 31 Dec 2010 | 4.30B | -8.58% | 742.00M | -3.56B | 2.21 |
| H1 FY2010 | 30 Jun 2010 | 4.63B | -15.36% | 717.00M | -3.91B | 2.90 |
| H2 FY2009 | 31 Dec 2009 | 4.71B | -23.38% | 734.00M | -3.97B | 2.72 |
| H1 FY2009 | 30 Jun 2009 | 5.46B | +213.66% | 391.00M | -5.07B | 9.00 |
| H2 FY2008 | 31 Dec 2008 | 6.14B | +96.29% | 375.00M | -5.77B | 6.44 |
| H1 FY2008 | 30 Jun 2008 | 1.74B | +3.72% | 266.09M | -1.48B | 3.59 |
| H2 FY2007 | 31 Dec 2007 | 3.13B | +4.09% | 2.47B | -662.00M | 1.06 |
| H1 FY2007 | 30 Jun 2007 | 1.68B | -10.39% | 301.53M | -1.38B | 1.35 |
| H2 FY2006 | 31 Dec 2006 | 3.01B | -4.99% | 519.00M | -2.49B | 1.53 |
| H1 FY2006 | 30 Jun 2006 | 1.87B | +6.56% | 153.41M | -1.72B | 1.96 |
| H2 FY2005 | 31 Dec 2005 | 3.16B | +14.76% | 296.00M | -2.87B | 1.61 |
| H1 FY2005 | 30 Jun 2005 | 1.76B | +195.03% | 105.80M | -1.65B | 2.10 |
| H2 FY2004 | 31 Dec 2004 | 2.76B | -8.41% | 66.00M | -2.69B | 1.22 |
| H1 FY2004 | 30 Jun 2004 | 596.18M | — | 133.84M | -462.35M | 0.71 |
| H2 FY2003 | 31 Dec 2003 | 3.01B | -8.84% | 68.00M | -2.94B | 1.24 |
| H1 FY2003 | 30 Jun 2003 | 0.00 | — | 135.95M | 135.95M | 0.00 |
| H2 FY2002 | 31 Dec 2002 | 3.30B | -9.88% | 169.00M | -3.13B | 1.24 |
| H1 FY2002 | 30 Jun 2002 | 0.00 | — | 250.22M | 250.22M | 0.00 |
| H2 FY2001 | 31 Dec 2001 | 3.66B | +80.76% | 96.00M | -3.57B | 1.26 |
| H1 FY2001 | 30 Jun 2001 | 0.00 | — | 724.20M | 724.20M | 0.00 |
| H2 FY2000 | 31 Dec 2000 | 2.03B | +34.59% | 85.00M | -1.94B | 0.67 |
| H1 FY2000 | 30 Jun 2000 | 0.00 | — | 147.06M | 147.06M | 0.00 |
| H2 FY1999 | 31 Dec 1999 | 1.51B | -9.82% | 79.00M | -1.43B | 0.81 |
| H2 FY1998 | 31 Dec 1998 | 1.67B | +13.30% | 708.00M | -962.00M | 0.78 |
| H2 FY1997 | 31 Dec 1997 | 1.47B | +108.41% | 844.00M | -630.00M | 0.99 |
| H2 FY1996 | 31 Dec 1996 | 707.27M | -12.21% | 603.59M | -103.68M | 0.65 |
| H2 FY1995 | 31 Dec 1995 | 805.67M | -0.85% | 445.95M | -359.72M | 0.74 |
| H2 FY1994 | 31 Dec 1994 | 812.54M | +42.49% | 127.49M | -685.06M | 1.09 |
| H2 FY1993 | 31 Dec 1993 | 570.26M | -42.92% | 266.09M | -304.18M | 0.63 |
| H2 FY1992 | 31 Dec 1992 | 999.10M | — | 375.00M | -624.10M | 0.70 |
| H2 FY1991 | 31 Mar 1992 | 937.70M | +18.11% | 436.80M | -500.90M | 0.69 |
| H2 FY1990 | 31 Mar 1991 | 793.90M | +15.21% | 364.30M | -429.60M | 0.61 |
| H2 FY1989 | 31 Mar 1990 | 689.10M | +187.96% | 313.10M | -376.00M | 0.50 |
| H2 FY1988 | 31 Mar 1989 | 239.30M | -28.76% | 680.00M | 440.70M | 0.16 |
| H2 FY1987 | 31 Mar 1988 | 335.90M | +13.90% | 173.30M | -162.60M | 0.34 |
| H2 FY1986 | 31 Mar 1987 | 294.90M | +26.24% | 135.90M | -159.00M | 0.43 |
| H2 FY1985 | 31 Mar 1986 | 233.60M | — | 154.90M | -78.70M | 0.37 |
Figures in GBP at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Relx's debt
Source: Financial Modeling Prep
