Elanco Animal Health (ELAN) Debt to Equity (2018 - 2026)

Elanco Animal Health's (ELAN) quarterly Debt to Equity came in at $0.61 in Q1 2026, down 11.25% year-on-year from $0.69 in Q1 2025, and little changed quarter-over-quarter from $0.61 in Q4 2025.

Elanco Animal Health (ELAN) Debt to Equity (2018 - 2026) Analysis & Trends

Elanco Animal Health has disclosed Debt to Equity across 9 years of filings, most recently posting $0.61 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.61, down 11.25% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.61 (down 11.25% YoY), and the FY2025 annual result was $0.61, down 13.44% from the prior year.
  • Debt to Equity came in at $0.61 for Q1 2026 at Elanco Animal Health, roughly flat from $0.61 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.96 in Q3 2023 to a low of $0.6 in Q3 2025.
  • The 5-year median for Debt to Equity is $0.8 (2023), against an average of $0.78.
  • Across the five-year window, Debt to Equity rose 18.28% in 2024 and plunged 34.96% in 2025, its largest moves.
  • Elanco Animal Health's Debt to Equity stood at $0.8 in 2022, then advanced by 15.89% to $0.93 in 2023, then fell by 23.61% to $0.71 in 2024, then slipped by 13.44% to $0.61 in 2025, then increased by 0.07% to $0.61 in 2026.
  • The last three Debt to Equity figures came in at $0.61 (Q1 2026), $0.61 (Q4 2025), and $0.6 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Teva Pharmaceutical Industries 39.72 Bn 35.98 Bn 1.97 Bn 2.02
2 Zoetis 34.61 Bn 32.67 Bn 1.62 Bn 2.80
3 United Therapeutics 24.07 Bn 21.91 Bn 648.10 Mn -
4 Aurora Cannabis 16.98 Bn 16.91 Bn 33.43 Mn 0.01
5 Neurocrine Biosciences 16.64 Bn 15.32 Bn 800.70 Mn -
6 Elanco Animal Health 12.19 Bn 11.76 Bn 785.00 Mn 0.61
7 Alkermes 7.37 Bn 6.86 Bn -116.06 Mn 0.86
8 Hims & Hers Health 6.62 Bn 5.87 Bn 396.79 Mn -
9 Lantheus Holdings 6.47 Bn 5.97 Bn 230.92 Mn 0.47
10 Liquidia 5.64 Bn 5.42 Bn 121.79 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.61
Dec 31, 2025 0.61
Sep 30, 2025 0.60
Jun 30, 2025 0.62
Mar 31, 2025 0.69
Dec 31, 2024 0.71
Sep 30, 2024 0.67
Jun 30, 2024 0.96
Mar 31, 2024 0.95
Dec 31, 2023 0.93
Sep 30, 2023 0.96
Jun 30, 2023 0.82
Mar 31, 2023 0.80
Dec 31, 2022 0.80
Sep 30, 2022 0.88
Jun 30, 2022 0.85
Mar 31, 2022 0.81
Dec 31, 2021 0.84
Sep 30, 2021 0.82
Jun 30, 2021 0.76