Ardelyx (ARDX) Debt Ratio (2018 - 2026)
Ardelyx's (ARDX) quarterly Debt Ratio came in at 0.4 in Q1 2026, up 9.37% YoY from 0.37 in Q1 2025, and little changed on a QoQ basis from 0.4 in Q4 2025.
Ardelyx (ARDX) Debt Ratio (2018 - 2026) Analysis & Trends
Ardelyx (ARDX) has 9 years of Debt Ratio data on file, last reported at 0.4 in Q1 2026.
- Quarterly Debt Ratio rose 9.37% year-over-year to 0.4 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.4 (up 9.37% YoY) and the FY2025 annual result came in at 0.4, up 16.81% from the prior year.
- Debt Ratio steadied at 0.4 in Q1 2026, from 0.4 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.43 in Q2 2025 to a low of 0.09 in Q3 2023.
- A 5-year average of 0.3 and a median of 0.35 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2023 — Debt Ratio plunged 74.36% — and 2024, when it soared 190.94%.
- Tracing ARDX's Debt Ratio over 5 years: stood at 0.14 in 2022, then increased by 19.13% to 0.17 in 2023, then jumped by 106.77% to 0.35 in 2024, then gained by 16.81% to 0.4 in 2025, then decreased by 0.24% to 0.4 in 2026.
- The last three Debt Ratio figures came in at 0.4 (Q1 2026), 0.4 (Q4 2025), and 0.42 (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 128.13 Bn | 120.28 Bn | 2.84 Bn | - |
| 2 | Regeneron Pharmaceuticals | 112.33 Bn | 104.33 Bn | 3.93 Bn | 0.05 |
| 3 | Argenx Se | 53.24 Bn | 48.05 Bn | 1.41 Bn | - |
| 4 | Revolution Medicines | 43.64 Bn | 43.64 Bn | - | - |
| 5 | BeOne Medicines | 39.27 Bn | 34.17 Bn | 1.53 Bn | 0.12 |
| 6 | MindWalk Holdings | 35.32 Bn | 35.31 Bn | 1.82 Bn | - |
| 7 | Royalty Pharma | 33.72 Bn | 35.84 Bn | - | 0.47 |
| 8 | Alnylam Pharmaceuticals | 30.58 Bn | 27.27 Bn | 992.69 Mn | - |
| 9 | Insmed | 27.01 Bn | 25.85 Bn | 358.27 Mn | 0.26 |
| 10 | Ardelyx | 1.01 Bn | 729.71 Mn | 115.12 Mn | 0.44 |
Historic Data
Download 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 | 0.37 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 0.40 |
| Dec 31, 2021 | 0.22 |
| Sep 30, 2021 | 0.30 |