Ardelyx (ARDX) Debt Ratio (2018 - 2026)

Ardelyx (ARDX) reported Debt Ratio of 0.4 for Q1 2026, up 9.37% on a YoY basis from 0.37 in Q1 2025, and little changed quarter-over-quarter from 0.4 in Q4 2025.

Ardelyx (ARDX) Debt Ratio (2018 - 2026) Analysis & Trends

Ardelyx has reported Debt Ratio for 9 years, with the latest figure at 0.4 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 9.37% year-over-year to 0.4; the trailing twelve-month figure through Mar 2026 stood at 0.4 (up 9.37% YoY), and the FY2025 full-year result was 0.4, up 16.81% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.4, roughly flat from 0.4 in the prior quarter.
  • The five-year high for Debt Ratio was 0.43 in Q2 2025, with the low at 0.09 in Q3 2023.
  • Historically, Debt Ratio has averaged 0.26 across 5 years, with a median of 0.27 in 2024.
  • Annual changes were most pronounced in 2023 — Debt Ratio tumbled 48.71% — and 2024, when it soared 190.94%.
  • Ardelyx's Debt Ratio 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 0.18
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn -
9 Abivax 91.96 Bn 91.96 Bn - -
10 Ardelyx 1.49 Bn 1.25 Bn 89.66 Mn 0.40

Historic Data

Download Data
DateValue
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
Jun 30, 2021 0.25