Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.11 is 33% below its 3-year average of 0.17, near the low end of its 3-year range (0.00–0.74).
As of the fiscal period ended Tuesday, March 31, 2026. 45.32% below its 12-month average of 0.21.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.11
DEBT TO EQUITY RATIO AVG TTM
0.21
DEBT TO EQUITY RATIO AVG 3Y
0.17
DEBT TO EQUITY RATIO AVG 5Y
N/A
DEBT TO EQUITY RATIO AVG 10Y
N/A
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-45.32%
CURRENT VS 3Y AVG
-33.10%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
0.69
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
-83.76%
vs the sector median at left
Shoulder Innovations, Inc.
Market Cap
$468.68M
Debt to Equity Ratio
0.11
TTM Avg
0.21
3Y Avg
0.17
5Y Avg
N/A
Market Cap
$1.26B
Debt to Equity Ratio
0.78
TTM Avg
0.91
3Y Avg
0.80
5Y Avg
0.56
Market Cap
$2.64B
Debt to Equity Ratio
1.60
TTM Avg
1.63
3Y Avg
1.85
5Y Avg
1.39
Market Cap
$2.76B
Debt to Equity Ratio
1.77
TTM Avg
1.50
3Y Avg
1.07
5Y Avg
0.87
Market Cap
$7.06B
Debt to Equity Ratio
2.54
TTM Avg
1.04
3Y Avg
0.53
5Y Avg
0.36
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Shoulder Innovations, Inc. (SI) | $468.68M | 0.11 | 0.21 | 0.17 | N/A |
| NRC Health (NRC)vs › | $440.37M | 13.75 | 3.86 | 2.21 | 1.62 |
| 23andMe Holding Co. (ME)vs › | $15.31M | 0.83 | 0.27 | 0.25 | 0.34 |
| Teladoc Health, Inc. (TDOC)vs › | $1.26B | 0.78 | 0.91 | 0.80 | 0.56 |
| TransMedics Group, Inc. (TMDX)vs › | $2.64B | 1.60 | 1.63 | 1.85 | 1.39 |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $2.76B | 1.77 | 1.50 | 1.07 | 0.87 |
| Hims & Hers Health, Inc. (HIMS)vs › | $7.06B | 2.54 | 1.04 | 0.53 | 0.36 |
| Oscar Health, Inc. (OSCR)vs › | $7.81B | 0.26 | 0.37 | 0.36 | 0.29 |
| Tempus AI, Inc. (TEM)vs › | $8.18B | 2.82 | 5.51 | 5.51 | 5.51 |
| Insulet Corp. (PODD)vs › | $9.23B | 0.73 | 0.93 | 1.71 | 1.82 |
Debt/Equity
0.11
Current Ratio
11.81
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | 0.11 |
| 2025-12-31 | 0.10 |
| 2025-09-30 | 0.09 |
| 2025-06-30 | 0.31 |
| 2025-03-31 | 0.42 |
| 2024-12-31 | 0.74 |
| 2024-09-30 | 0.00 |
| 2024-06-30 | 0.00 |
| 2024-03-31 | 0.00 |
| 2023-12-31 | 0.42 |
| 2023-09-30 | 0.00 |
| 2023-06-30 | 0.00 |
| 2023-03-31 | 0.00 |
