Cash Flow Statement
Growth Metrics

Harvard Bioscience (HBIO) Debt Ratio (2010 - 2026)

Harvard Bioscience (HBIO) reported Debt Ratio of 0.46 for Q1 2026, up 3.11% year-over-year from 0.45 in Q1 2025, and up 3.71% on a QoQ basis from 0.45 in Q4 2025.

Harvard Bioscience (HBIO) has 17 years of Debt Ratio data on file, last reported at 0.46 in Q1 2026.

  • Quarterly Debt Ratio rose 3.11% year-over-year to 0.46 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.46 (up 3.11% YoY) and the FY2025 annual result came in at 0.45, up 53.52% from the prior year.
  • Debt Ratio climbed to 0.46 in Q1 2026 per HBIO's latest filing, from 0.45 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.46 in Q1 2026 and bottomed at 0.27 in Q4 2023.
  • The 5-year median for Debt Ratio is 0.31 (2022), against an average of 0.34.
  • The widest annual swing landed in 2023, when Debt Ratio dropped 17.37%; it then jumped 68.5% in 2025.
  • Tracing HBIO's Debt Ratio over 5 years: stood at 0.32 in 2022, then retreated by 17.37% to 0.27 in 2023, then gained by 9.63% to 0.29 in 2024, then soared by 53.52% to 0.45 in 2025, then gained by 3.71% to 0.46 in 2026.
  • Per Business Quant, the three latest HBIO Debt Ratio figures stand at 0.46 (Q1 2026), 0.45 (Q4 2025), and 0.44 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Intuitive Surgical 156.17 Bn 151.78 Bn 1.83 Bn -
2 Becton Dickinson 41.51 Bn 40.49 Bn 2.15 Bn 0.34
3 Resmed 30.43 Bn 28.77 Bn 890.98 Mn 0.03
4 West Pharmaceutical Services 22.78 Bn 22.26 Bn 296.40 Mn 0.05
5 Solventum 13.39 Bn 13.39 Bn 1.10 Bn 0.36
6 Cooper Companies 12.33 Bn 12.20 Bn 695.20 Mn 0.20
7 Align Technology 11.65 Bn 10.59 Bn 736.59 Mn -
8 Baxter International 9.81 Bn 7.77 Bn 891.00 Mn 0.48
9 Aptargroup 7.39 Bn 7.19 Bn 351.91 Mn 0.23
10 Harvard Bioscience 25.38 Mn 18.29 Mn 12.24 Mn 0.46

Historic Data

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DateValue
Mar 31, 2026 0.46
Dec 31, 2025 0.45
Sep 30, 2025 0.44
Jun 30, 2025 0.44
Mar 31, 2025 0.45
Dec 31, 2024 0.29
Sep 30, 2024 0.29
Jun 30, 2024 0.28
Mar 31, 2024 0.27
Dec 31, 2023 0.27
Sep 30, 2023 0.28
Jun 30, 2023 0.29
Mar 31, 2023 0.30
Dec 31, 2022 0.32
Sep 30, 2022 0.34
Jun 30, 2022 0.31
Mar 31, 2022 0.31
Dec 31, 2021 0.30
Sep 30, 2021 0.29
Jun 30, 2021 0.28
Mar 31, 2021 0.29
Dec 31, 2020 0.31
Sep 30, 2020 0.29
Jun 30, 2020 0.29
Mar 31, 2020 0.31
Dec 31, 2019 0.33
Sep 30, 2019 0.33
Jun 30, 2019 0.33
Mar 31, 2019 -0.01
Dec 31, 2018 0.36
Sep 30, 2018 0.37
Jun 30, 2018 0.37
Mar 31, 2018 0.37
Dec 31, 2017 0.11
Sep 30, 2017 0.14
Jun 30, 2017 0.12
Mar 31, 2017 0.13
Dec 31, 2016 0.15
Sep 30, 2016 0.13
Jun 30, 2016 0.14
Mar 31, 2016 0.17
Dec 31, 2015 0.16
Sep 30, 2015 0.19
Jun 30, 2015 0.15
Mar 31, 2015 0.20
Dec 31, 2014 0.19
Sep 30, 2014 0.17
Jun 30, 2014 0.20
Mar 31, 2014 0.17
Dec 31, 2013 0.22
Sep 30, 2013 0.16
Jun 30, 2013 0.19
Mar 31, 2013 0.11
Dec 31, 2012 0.10
Sep 30, 2012 0.12
Jun 30, 2012 0.12
Mar 31, 2012 0.13
Dec 31, 2011 0.13
Sep 30, 2011 0.13
Jun 30, 2011 0.13
Dec 31, 2010 0.14