Elanco Animal Health (ELAN) Debt Ratio (2018 - 2026)
Elanco Animal Health's (ELAN) Debt Ratio came in at 0.29 for Q2 2026, down 5.7% from 0.31 a year earlier and down 4.3% from the prior quarter.
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Analysis
Elanco Animal Health (ELAN) Debt Ratio (2018 - 2026) Analysis & Trends
For FY2025, Elanco Animal Health's Debt Ratio stood at 0.30, down 12.2% from FY2024.
- In prior years, Elanco Animal Health's Debt Ratio was 0.34 in FY2024 (-14.8%), 0.40 in FY2023 (+6.7%), 0.38 in FY2022 (-1.8%) and 0.38 in FY2021 (+10.7%).
- The Q2 2026 figure stands as the lowest quarterly Debt Ratio since Q2 2020.
- On a year-over-year basis, Debt Ratio has declined in each of the last eight quarters, with an average decline of 14.6% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q4 2021, with growth of 10.7%; the weakest was Q2 2025, with a decline of 25.7%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.30 (Q1 2026), 0.30 (Q4 2025) and 0.30 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,136.97 Bn | 1,105.55 Bn | 19.71 Bn | 0.39 |
| 2 | Johnson & Johnson | 619.72 Bn | 538.25 Bn | 17.26 Bn | 0.24 |
| 3 | AbbVie | 503.40 Bn | 476.52 Bn | 12.70 Bn | 0.52 |
| 4 | Merck | 370.15 Bn | 324.53 Bn | 12.21 Bn | 0.42 |
| 5 | Novartis Ag | 298.64 Bn | 262.63 Bn | 11.24 Bn | 0.08 |
| 6 | Astrazeneca | 261.07 Bn | 234.76 Bn | 12.86 Bn | 0.28 |
| 7 | Amgen | 237.00 Bn | 192.40 Bn | 7.24 Bn | 0.60 |
| 8 | Gilead Sciences | 191.24 Bn | 165.43 Bn | 6.22 Bn | 0.53 |
| 9 | Pfizer | 170.31 Bn | 116.96 Bn | 10.94 Bn | 0.31 |
| 10 | Elanco Animal Health | 11.26 Bn | 9.25 Bn | 798.00 Mn | 0.29 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.29 |
| Mar 31, 2026 | 0.30 |
| Dec 31, 2025 | 0.30 |
| Sep 30, 2025 | 0.30 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.34 |
| Dec 31, 2024 | 0.34 |
| Sep 30, 2024 | 0.33 |
| Jun 30, 2024 | 0.41 |
| Mar 31, 2024 | 0.41 |
| Dec 31, 2023 | 0.40 |
| Sep 30, 2023 | 0.41 |
| Jun 30, 2023 | 0.38 |
| Mar 31, 2023 | 0.38 |
| Dec 31, 2022 | 0.38 |
| Sep 30, 2022 | 0.39 |
| Jun 30, 2022 | 0.39 |
| Mar 31, 2022 | 0.38 |
| Dec 31, 2021 | 0.38 |
| Sep 30, 2021 | 0.38 |
API Access
Elanco Animal Health 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=ELAN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "ELAN", "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=ELAN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();