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 0.66 is 17% above its 5-year average of 0.56, near the low end of its 5-year range (0.02–13.19).
As of the fiscal period ended Tuesday, June 30, 2026. 88.61% below its 12-month average of 5.80.
Reported quarterly debt to equity ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 0.66.
DEBT TO EQUITY RATIO
0.66
DEBT TO EQUITY RATIO AVG TTM
5.80
DEBT TO EQUITY RATIO AVG 3Y
1.15
DEBT TO EQUITY RATIO AVG 5Y
0.56
DEBT TO EQUITY RATIO AVG 10Y
0.42
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-88.61%
CURRENT VS 3Y AVG
-42.49%
CURRENT VS 5Y AVG
+16.98%
CURRENT VS 10Y AVG
+55.50%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
0.11
median of 774 covered companies
CURRENT VS SECTOR MEDIAN
+500.79%
vs the sector median at left
Liquidia Corporation
Market Cap
$2.34B
Debt to Equity Ratio
0.66
TTM Avg
5.80
3Y Avg
1.15
5Y Avg
0.56
Market Cap
$2.35B
Debt to Equity Ratio
0.14
TTM Avg
0.08
3Y Avg
0.08
5Y Avg
0.06
Market Cap
$2.33B
Debt to Equity Ratio
0.29
TTM Avg
0.48
3Y Avg
0.35
5Y Avg
0.31
Market Cap
$2.37B
Debt to Equity Ratio
0.50
TTM Avg
0.21
3Y Avg
0.62
5Y Avg
0.72
Market Cap
$2.31B
Debt to Equity Ratio
0.16
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.29B
Debt to Equity Ratio
0.15
TTM Avg
0.28
3Y Avg
0.36
5Y Avg
0.75
Market Cap
$2.41B
Debt to Equity Ratio
0.07
TTM Avg
0.09
3Y Avg
0.10
5Y Avg
0.08
Market Cap
$2.40B
Debt to Equity Ratio
0.00
TTM Avg
0.00
3Y Avg
0.01
5Y Avg
0.02
Market Cap
$2.41B
Debt to Equity Ratio
0.09
TTM Avg
0.04
3Y Avg
0.02
5Y Avg
0.02
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Liquidia Corporation (LQDA) | $2.34B | 0.66 | 5.80 | 1.15 | 0.56 |
| Nurix Therapeutics, Inc. (NRIX)vs › | $2.35B | 0.14 | 0.08 | 0.08 | 0.06 |
| UFP Technologies, Inc. (UFPT)vs › | $2.33B | 0.29 | 0.48 | 0.35 | 0.31 |
| ADMA Biologics, Inc. (ADMA)vs › | $2.37B | 0.50 | 0.21 | 0.62 | 0.72 |
| Alamar Biosciences, Inc. (ALMR)vs › | $2.31B | 0.16 | N/A | N/A | N/A |
| Harmony Biosciences Holdings, Inc. (HRMY)vs › | $2.29B | 0.15 | 0.28 | 0.36 | 0.75 |
| Recursion Pharmaceuticals, Inc. (RXRX)vs › | $2.41B | 0.07 | 0.09 | 0.10 | 0.08 |
| Clover Health Investments, Corp. (CLOV)vs › | $2.40B | 0.00 | 0.00 | 0.01 | 0.02 |
| Disc Medicine, Inc. (IRON)vs › | $2.41B | 0.09 | 0.04 | 0.02 | 0.02 |
| Maravai LifeSciences Holdings, Inc. (MRVI)vs › | $2.24B | 0.86 | 0.66 | 0.97 | 2.06 |
Debt/Equity
0.66
Current Ratio
2.31
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 |
|---|---|
| 2026-06-30 | 0.66 |
| 2026-03-31 | 1.70 |
| 2025-12-31 | 4.42 |
| 2025-09-30 | 9.03 |
| 2025-06-30 | 13.19 |
| 2025-03-31 | 2.97 |
| 2024-12-31 | 1.58 |
| 2024-09-30 | 0.02 |
| 2024-06-30 | 0.05 |
| 2024-03-31 | 0.04 |
| 2023-12-31 | 1.05 |
| 2023-09-30 | 0.08 |
| 2023-06-30 | 0.07 |
| 2023-03-31 | 0.05 |
| 2022-12-31 | 0.27 |
| 2022-09-30 | 0.26 |
| 2022-06-30 | 0.24 |
| 2022-03-31 | 0.45 |
| 2021-12-31 | 0.25 |
| 2021-09-30 | 0.22 |
| 2021-06-30 | 0.21 |
| 2021-03-31 | 0.26 |
| 2020-12-31 | 0.24 |
| 2020-09-30 | 0.29 |
| 2020-06-30 | 2.34 |
| 2020-03-31 | 1.04 |
| 2019-12-31 | 0.70 |
| 2019-09-30 | 1.25 |
| 2019-06-30 | 0.77 |
| 2019-03-31 | 0.53 |
| 2018-12-31 | 0.68 |
| 2018-09-30 | 0.43 |
| 2018-06-30 | -1.04 |
| 2018-03-31 | -3.31 |
| 2017-12-31 | -0.66 |
| 2017-09-30 | 0.00 |
| 2017-06-30 | 0.00 |
| 2017-03-31 | 0.00 |
