• Smiths Group average debt/equity ratio for 2016-01-31 was 0, a 0% decline from 2016-07-31.
• Smiths Group average debt/equity ratio for 2016-07-31 was 0, a 0% decline from 2017-07-31.
• Smiths Group average debt/equity ratio for 2017-07-31 was 0, a 0% decline from 2018-01-31.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.