Ardelyx (ARDX) Debt to Equity (2018 - 2026)
Ardelyx (ARDX) reported Debt to Equity of $1.37 for Q1 2026, up 31.85% on a YoY basis from $1.04 in Q1 2025, and up 12.71% quarter-over-quarter from $1.21 in Q4 2025.
Ardelyx (ARDX) Debt to Equity (2018 - 2026) Analysis & Trends
Ardelyx has reported Debt to Equity for 9 years, with the latest figure at $1.37 in Q1 2026.
- For the quarter ending Q1 2026, Debt to Equity rose 31.85% year-over-year to $1.37; the trailing twelve-month figure through Mar 2026 stood at $1.37 (up 31.85% YoY), and the FY2025 full-year result was $1.21, up 39.56% from the prior year.
- Debt to Equity for Q1 2026 stood at $1.37, up from $1.21 in the prior quarter.
- The five-year high for Debt to Equity was $1.44 in Q2 2025, with the low at $0.14 in Q3 2023.
- Historically, Debt to Equity has averaged $0.69 across 5 years, with a median of $0.64 in 2024.
- Annual changes were most pronounced in 2023 — Debt to Equity sank 64.12% — and 2024, when it surged 346.64%.
- Ardelyx's Debt to Equity stood at $0.27 in 2022, then gained by 9.94% to $0.3 in 2023, then jumped by 191.47% to $0.87 in 2024, then jumped by 39.56% to $1.21 in 2025, then advanced by 12.71% to $1.37 in 2026.
- The last three Debt to Equity figures came in at $1.37 (Q1 2026), $1.21 (Q4 2025), and $1.31 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (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 | 0.32 |
| 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 | 1.37 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.37 |
| Dec 31, 2025 | 1.21 |
| Sep 30, 2025 | 1.31 |
| Jun 30, 2025 | 1.44 |
| Mar 31, 2025 | 1.04 |
| Dec 31, 2024 | 0.87 |
| Sep 30, 2024 | 0.64 |
| Jun 30, 2024 | 0.68 |
| Mar 31, 2024 | 0.66 |
| Dec 31, 2023 | 0.30 |
| Sep 30, 2023 | 0.14 |
| Jun 30, 2023 | 0.22 |
| Mar 31, 2023 | 0.21 |
| Dec 31, 2022 | 0.27 |
| Sep 30, 2022 | 0.40 |
| Jun 30, 2022 | 0.50 |
| Mar 31, 2022 | 0.41 |
| Dec 31, 2021 | 0.39 |
| Sep 30, 2021 | 0.63 |
| Jun 30, 2021 | 0.44 |