Fresenius Medical Care AG (FMS) Debt Ratio (2009 - 2026)
Fresenius Medical Care AG's (FMS) Debt Ratio was 0.24 for the quarter ended Sep 30, 2026, down 15.1% from 0.29 a year earlier and down 98.4% from the prior quarter.
Powered by 
Analysis
Fresenius Medical Care AG (FMS) Debt Ratio (2009 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Debt Ratio at Fresenius Medical Care AG was 0.35, up 6.4% from the prior year.
- By year, Debt Ratio came in at 0.33 in the year ended Dec 31, 2024 (-8.9%), 0.36 in the year ended Dec 31, 2023 (-2.7%), 0.37 in the year ended Dec 31, 2022 (-4.8%) and 0.39 in the year ended Dec 31, 2021 (-0.8%).
- The figure for the quarter ended Sep 30, 2026 ranks as the lowest quarterly Debt Ratio since the quarter ended Sep 30, 2023.
- Year over year, Debt Ratio gained in three of the last seven quarters, with an average decline of 4.8%.
- The high point for year-over-year Debt Ratio in five years was the quarter ended Jun 30, 2024 (growth of 57.7%); the low point was the quarter ended Jun 30, 2022 (a decline of 21.4%).
- Per Business Quant data, the three quarters before the quarter ended Sep 30, 2026 came in at 15.15 (quarter ended Jun 30, 2026), 0.35 (quarter ended Mar 31, 2026) and 0.35 (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | 0.80 |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | 0.03 |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 0.31 |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 0.32 |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 0.42 |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | - |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | - |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 0.35 |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | 0.34 |
| 10 | Fresenius Medical Care AG | 6.62 Bn | -983.94 Mn | 1.47 Bn | 0.30 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.24 |
| Jun 30, 2026 | 15.15 |
| Mar 31, 2026 | 0.35 |
| Dec 31, 2025 | 0.35 |
| Sep 30, 2025 | 0.29 |
| Jun 30, 2025 | 0.35 |
| Mar 31, 2025 | 0.33 |
| Dec 31, 2024 | 0.33 |
| Sep 30, 2024 | 0.35 |
| Jun 30, 2024 | 0.35 |
| Mar 31, 2024 | 0.36 |
| Dec 31, 2023 | 0.36 |
| Sep 30, 2023 | 0.22 |
| Jun 30, 2023 | 0.22 |
| Mar 31, 2023 | 0.23 |
| Dec 31, 2022 | 0.37 |
| Sep 30, 2022 | 0.21 |
| Jun 30, 2022 | 0.20 |
| Mar 31, 2022 | 0.22 |
| Dec 31, 2021 | 0.39 |
API Access
Fresenius Medical Care AG 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=FMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "FMS", "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=FMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();