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 0.09 is 27% below its 5-year average of 0.12, near the low end of its 5-year range (0.09–0.23).
As of the fiscal period ended Tuesday, March 31, 2026. 2.68% below its 12-month average of 0.09.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.09
DEBT TO EQUITY RATIO AVG TTM
0.09
DEBT TO EQUITY RATIO AVG 3Y
0.10
DEBT TO EQUITY RATIO AVG 5Y
0.11
DEBT TO EQUITY RATIO AVG 10Y
0.10
DEBT TO EQUITY RATIO AVG 15Y
0.15
DEBT TO EQUITY RATIO AVG 20Y
0.18
CURRENT VS TTM AVG
-2.68%
CURRENT VS 3Y AVG
-11.35%
CURRENT VS 5Y AVG
-23.54%
CURRENT VS 10Y AVG
-17.22%
CURRENT VS 15Y AVG
-44.00%
CURRENT VS 20Y AVG
-52.64%
SECTOR MEDIAN · HEALTHCARE
0.67
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-87.15%
vs the sector median at left
Regeneron Pharmaceuticals, Inc.
Market Cap
$67.58B
Debt to Equity Ratio
0.09
TTM Avg
0.09
3Y Avg
0.10
5Y Avg
0.11
Market Cap
$65.77B
Debt to Equity Ratio
0.51
TTM Avg
0.51
3Y Avg
0.51
5Y Avg
0.54
Market Cap
$56.65B
Debt to Equity Ratio
0.76
TTM Avg
0.79
3Y Avg
0.73
5Y Avg
0.74
Market Cap
$53.41B
Debt to Equity Ratio
-3.36
TTM Avg
3.77
3Y Avg
2.58
5Y Avg
2.11
Market Cap
$81.91B
Debt to Equity Ratio
0.76
TTM Avg
0.78
3Y Avg
0.74
5Y Avg
0.71
Market Cap
$84.78B
Debt to Equity Ratio
-8.33
TTM Avg
57.79
3Y Avg
57.79
5Y Avg
57.79
Market Cap
$47.58B
Debt to Equity Ratio
0.07
TTM Avg
0.07
3Y Avg
0.09
5Y Avg
0.11
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Regeneron Pharmaceuticals, Inc. (REGN) | $67.58B | 0.09 | 0.09 | 0.10 | 0.11 |
| Boston Scientific Corporation (BSX)vs › | $65.77B | 0.51 | 0.51 | 0.51 | 0.54 |
| Cencora, Inc. (COR)vs › | $60.29B | 7.13 | 8.71 | 10.16 | 17.42 |
| Cigna Corporation (CI)vs › | $76.60B | 0.75 | 0.77 | 0.73 | 0.72 |
| Becton, Dickinson and Company (BDX)vs › | $56.65B | 0.76 | 0.79 | 0.73 | 0.74 |
| Cardinal Health, Inc. (CAH)vs › | $53.41B | -3.36 | 3.77 | 2.58 | 2.11 |
| Elevance Health Inc. (ELV)vs › | $81.91B | 0.76 | 0.78 | 0.74 | 0.71 |
| HCA Healthcare, Inc. (HCA)vs › | $84.78B | -8.33 | 57.79 | 57.79 | 57.79 |
| Edwards Lifesciences Corporation (EW)vs › | $47.58B | 0.07 | 0.07 | 0.09 | 0.11 |
| Humana Inc. (HUM)vs › | $46.74B | 0.73 | 0.74 | 0.75 | 0.72 |
Debt/Equity
0.09
Current Ratio
4.13
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 | 0.09 |
| 2025-12-31 | 0.09 |
| 2025-09-30 | 0.09 |
| 2025-06-30 | 0.09 |
| 2025-03-31 | 0.09 |
| 2024-12-31 | 0.09 |
| 2024-09-30 | 0.09 |
| 2024-06-30 | 0.10 |
| 2024-03-31 | 0.10 |
| 2023-12-31 | 0.10 |
| 2023-09-30 | 0.11 |
| 2023-06-30 | 0.11 |
| 2023-03-31 | 0.11 |
| 2022-12-31 | 0.12 |
| 2022-09-30 | 0.13 |
| 2022-06-30 | 0.13 |
| 2022-03-31 | 0.14 |
| 2021-12-31 | 0.14 |
| 2021-09-30 | 0.16 |
| 2021-06-30 | 0.18 |
| 2021-03-31 | 0.23 |
| 2020-12-31 | 0.24 |
| 2020-09-30 | 0.27 |
| 2020-06-30 | 0.24 |
| 2020-03-31 | 0.06 |
| 2019-12-31 | 0.06 |
| 2019-09-30 | 0.07 |
| 2019-06-30 | 0.07 |
| 2019-03-31 | 0.08 |
| 2018-12-31 | 0.08 |
| 2018-09-30 | 0.09 |
| 2018-06-30 | 0.10 |
| 2018-03-31 | 0.11 |
| 2017-12-31 | 0.11 |
| 2017-09-30 | 0.12 |
| 2017-06-30 | 0.13 |
| 2017-03-31 | 0.15 |
| 2016-12-31 | 0.11 |
| 2016-09-30 | 0.09 |
| 2016-06-30 | 0.09 |
| 2016-03-31 | 0.10 |
| 2015-12-31 | 0.10 |
| 2015-09-30 | 0.12 |
| 2015-06-30 | 0.12 |
| 2015-03-31 | 0.16 |
| 2014-12-31 | 0.18 |
| 2014-09-30 | 0.22 |
| 2014-06-30 | 0.22 |
| 2014-03-31 | 0.24 |
| 2013-12-31 | 0.26 |
| 2013-09-30 | 0.29 |
| 2013-06-30 | 0.32 |
| 2013-03-31 | 0.33 |
| 2012-12-31 | 0.37 |
| 2012-09-30 | 0.56 |
| 2012-06-30 | 0.75 |
| 2012-03-31 | 0.87 |
| 2011-12-31 | 0.90 |
| 2011-09-30 | 0.37 |
| 2011-06-30 | 0.34 |
| 2011-03-31 | 0.31 |
| 2010-12-31 | 0.30 |
| 2010-09-30 | 0.46 |
| 2010-06-30 | 0.43 |
| 2010-03-31 | 0.41 |
| 2009-12-31 | 0.27 |
| 2009-09-30 | 0.15 |
| 2009-06-30 | 0.15 |
| 2009-03-31 | 0.00 |
| 2008-12-31 | 0.01 |
| 2008-09-30 | 0.27 |
| 2008-06-30 | 0.26 |
| 2008-03-31 | 0.43 |
| 2007-12-31 | 0.44 |
| 2007-09-30 | 1.32 |
| 2007-06-30 | 1.12 |
| 2007-03-31 | 1.02 |
| 2006-12-31 | 0.92 |
| 2006-09-30 | 3.20 |
| 2006-06-30 | 2.39 |
| 2006-03-31 | 1.95 |
| 2005-12-31 | 1.75 |
| 2005-09-30 | 1.47 |
| 2005-06-30 | 1.21 |
| 2005-03-31 | 1.08 |
| 2004-12-31 | 1.10 |
| 2004-09-30 | 1.12 |
| 2004-06-30 | 1.05 |
| 2004-03-31 | 0.98 |
| 2003-12-31 | 1.55 |
| 2003-09-30 | 1.34 |
| 2003-06-30 | 1.49 |
| 2003-03-31 | 1.21 |
| 2002-12-31 | 1.37 |
| 2002-09-30 | 1.11 |
| 2002-06-30 | 0.94 |