Fresenius Medical Care AG (FMS) Debt Ratio (2009 - 2025)

Fresenius Medical Care AG (FMS) recorded quarterly Debt Ratio of 0.24 in Q4 2025, up 14.28% quarter-over-quarter from 0.21 in Q3 2025, and up 15.43% on a YoY basis from 0.2 in Q4 2024.

Fresenius Medical Care AG (FMS) Debt Ratio (2009 - 2025) Analysis & Trends

Fresenius Medical Care AG's Debt Ratio history runs 17 years deep, the most recent figure standing at 0.24 for Q4 2025.

  • In Q4 2025, Debt Ratio rose 15.43% year-over-year to 0.24; the TTM figure through Dec 2025 stood at 0.24 (up 15.43% YoY), while the FY2025 annual figure was 0.24, up 15.43% from the prior year.
  • Debt Ratio was 0.24 for Q4 2025 at Fresenius Medical Care AG, up from 0.21 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 183.79 in Q4 2022 to a low of 0.19 in Q1 2025.
  • Historically, Debt Ratio has averaged 16.59 across 5 years, with a median of 0.2 in 2023.
  • The sharpest annual moves came in 2021 and 2023: Debt Ratio jumped 248.49% in 2021, then sank 99.88% in 2023.
  • A 5-year view of Debt Ratio shows it stood at 144.34 in 2021, then climbed by 27.33% to 183.79 in 2022, then tumbled by 99.88% to 0.22 in 2023, then fell by 7.21% to 0.2 in 2024, then gained by 15.43% to 0.24 in 2025.
  • The last three Debt Ratio figures came in at 0.24 (Q4 2025), 0.21 (Q3 2025), and 0.2 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 0.78
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 0.42
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 0.61
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 0.35
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 0.03
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 0.30
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 0.24
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 0.06
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 0.01
10 Concentra Group Holdings Parent 3.59 Bn 3.54 Bn 170.47 Mn 0.55

Historic Data

Download Data
DateValue
Dec 31, 2025 0.24
Sep 30, 2025 0.21
Jun 30, 2025 0.20
Mar 31, 2025 0.19
Dec 31, 2024 0.20
Sep 30, 2024 0.19
Jun 30, 2024 0.20
Mar 31, 2024 0.20
Dec 31, 2023 0.22
Sep 30, 2023 0.20
Jun 30, 2023 0.20
Mar 31, 2023 0.21
Dec 31, 2022 183.79
Sep 30, 2022 0.21
Jun 30, 2022 0.20
Mar 31, 2022 0.21
Dec 31, 2021 144.34
Sep 30, 2021 0.19
Jun 30, 2021 0.20
Mar 31, 2021 0.19