Ardelyx (ARDX) Debt Ratio (2018 - 2026)
Ardelyx's Debt Ratio came in at 0.44 for Q2 2026, up 1.3% from 0.43 a year earlier and up 8.4% from the prior quarter.
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Analysis
Ardelyx (ARDX) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2025, Ardelyx's Debt Ratio was 0.40, up 16.8% from FY2024.
- Debt Ratio has increased in each of the last three years.
- Going back by year, Debt Ratio was 0.35 in FY2024 (+106.8%), 0.17 in FY2023 (+19.1%), 0.14 in FY2022 (-34.7%) and 0.22 in FY2021 (-14.6%).
- The Q2 2026 figure represents the highest quarterly Debt Ratio in data going back to Q2 2018.
- Year-over-year, Debt Ratio has increased for 11 consecutive quarters, with growth averaging 56.4% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q3 2024 (growth of 190.9%), and the weakest in Q3 2023 (a decline of 48.7%).
- Business Quant data shows ARDX's Debt Ratio at 0.40 (Q1 2026), 0.40 (Q4 2025) and 0.42 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 0.24 |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 0.52 |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 0.42 |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | 0.31 |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | 0.00 |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 0.60 |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 0.53 |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 0.31 |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | - |
| 10 | Ardelyx | 849.59 Mn | -177.71 Mn | 115.12 Mn | 0.44 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.44 |
| Mar 31, 2026 | 0.40 |
| Dec 31, 2025 | 0.40 |
| Sep 30, 2025 | 0.42 |
| Jun 30, 2025 | 0.43 |
| Mar 31, 2025 | 0.37 |
| Dec 31, 2024 | 0.35 |
| Sep 30, 2024 | 0.27 |
| Jun 30, 2024 | 0.29 |
| Mar 31, 2024 | 0.29 |
| Dec 31, 2023 | 0.17 |
| Sep 30, 2023 | 0.09 |
| Jun 30, 2023 | 0.13 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | 0.14 |
| Sep 30, 2022 | 0.18 |
| Jun 30, 2022 | 0.20 |
| Mar 31, 2022 | 0.20 |
| Dec 31, 2021 | 0.22 |
| Sep 30, 2021 | 0.30 |
API Access
Ardelyx Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=ARDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ARDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=ARDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();