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Moderna, Inc. (MRNA) Debt to Equity Ratio: 0.22

Is Moderna, Inc.’s debt to equity ratio high or low?

Moderna, Inc.'s debt to equity ratio of 0.22 is 124% above its 5-year average of 0.10, near the high end of its 5-year range (0.06–0.22).

The debt to equity ratio for Moderna, Inc. (MRNA) is 0.22 as of Tuesday, June 9, 2026. It is above its 12-month average by 51.72% (0.15).

MRNA Debt to Equity Ratio Chart

MRNA Debt to Equity Ratio
0.22+214.29% 1Y
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MRNA Average Debt to Equity Ratio Chart

MRNA Current vs Average Debt to Equity Ratio Chart

MRNA Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.22

DEBT TO EQUITY RATIO AVG TTM

0.15

DEBT TO EQUITY RATIO AVG 3Y

0.11

DEBT TO EQUITY RATIO AVG 5Y

0.10

DEBT TO EQUITY RATIO AVG 10Y

0.08

DEBT TO EQUITY RATIO AVG 15Y

0.08

DEBT TO EQUITY RATIO AVG 20Y

0.08

CURRENT VS TTM AVG

+51.72%

CURRENT VS 3Y AVG

+100.00%

CURRENT VS 5Y AVG

+123.73%

CURRENT VS 10Y AVG

+189.47%

CURRENT VS 15Y AVG

+189.47%

CURRENT VS 20Y AVG

+189.47%

MRNA Competitors' Debt to Equity Ratio

NAMEMARKET CAPDEBT TO EQUITY RATIOTTM3Y5Y
Moderna, Inc. (MRNA)0.220.150.110.10
Hologic, Inc. (HOLX)$16.97B0.520.520.550.69
BioNTech SE (BNTX)$21.87B0.010.010.010.04
Mettler-Toledo International Inc. (MTD)$23.50B-99.1448.2326.0617.96
Waters Corporation (WAT)$24.19B0.580.761.732.93
Align Technology, Inc. (ALGN)$12.76B0.030.030.030.03
Veeva Systems Inc. (VEEV)$27.37B0.010.010.010.02
Charles River Laboratories International, Inc. (CRL)$9.14B0.970.880.910.99
Biogen Inc. (BIIB)$29.39B0.380.390.440.53
Bio-Rad Laboratories, Inc. (BIO)$8.03B0.210.210.180.13

Financial Health

Debt/Equity

0.22

Current Ratio

3.29

Moderna, Inc. Debt to Equity Ratio Formula & Definition

Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Moderna, Inc. Debt to Equity Ratio FAQ

What is the debt to equity ratio for Moderna, Inc. (MRNA)?
The debt to equity ratio for MRNA stock is 0.22.
Is Moderna, Inc.'s debt to equity ratio high or low?
Moderna, Inc.'s debt to equity ratio of 0.22 is 124% above its 5-year average of 0.10, near the high end of its 5-year range (0.06–0.22).
What is the TTM average debt to equity ratio for Moderna, Inc. (MRNA)?
The TTM average debt to equity ratio for MRNA stock is 0.15.
What is the 3Y average debt to equity ratio for Moderna, Inc. (MRNA)?
The 3Y average debt to equity ratio for MRNA stock is 0.11.
What is the 5Y average debt to equity ratio for Moderna, Inc. (MRNA)?
The 5Y average debt to equity ratio for MRNA stock is 0.10.
What is the 10Y average debt to equity ratio for Moderna, Inc. (MRNA)?
The 10Y average debt to equity ratio for MRNA stock is 0.08.
What is the 15Y average debt to equity ratio for Moderna, Inc. (MRNA)?
The 15Y average debt to equity ratio for MRNA stock is 0.08.
What is the 20Y average debt to equity ratio for Moderna, Inc. (MRNA)?
The 20Y average debt to equity ratio for MRNA stock is 0.08.

Moderna, Inc. Debt to Equity Ratio History

DATEDEBT TO EQUITY RATIO
2025-12-310.22
2024-12-310.07
2023-12-310.09
2022-12-310.06
2021-12-310.06
2020-12-310.09
2019-12-310.11
2018-12-310.02
2017-12-310.03
2016-12-310.01

About Moderna, Inc.

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Cambridge, MA
5,800 employees
Healthcare / Biotechnology
Sector
Healthcare
Industry
Biotechnology
CEO
Stéphane Bancel