HCW Biologics (HCWB) Debt Ratio (2022 - 2025)
HCW Biologics' (HCWB) quarterly Debt Ratio came in at 0.28 in Q4 2025, down 38.68% YoY from 0.45 in Q4 2024, and up 3.8% on a QoQ basis from 0.27 in Q3 2025.
HCW Biologics (HCWB) Debt Ratio (2022 - 2025) Analysis & Trends
HCW Biologics (HCWB) has 4 years of Debt Ratio data on file, last reported at 0.28 in Q4 2025.
- Quarterly Debt Ratio fell 38.68% year-over-year to 0.28 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.28 (down 38.68% YoY) and the FY2025 annual result came in at 0.28, down 38.68% from the prior year.
- Debt Ratio improved to 0.28 in Q4 2025, from 0.27 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.95 in Q4 2022 to a low of 0.13 in Q3 2022.
- A 4-year average of 0.34 and a median of 0.27 in 2024 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2023 — Debt Ratio sank 76.84% — and 2024, when it surged 166.2%.
- Tracing HCWB's Debt Ratio over 4 years: stood at 0.95 in 2022, then slumped by 76.84% to 0.22 in 2023, then jumped by 104.82% to 0.45 in 2024, then sank by 38.68% to 0.28 in 2025.
- The last three Debt Ratio figures came in at 0.28 (Q4 2025), 0.27 (Q3 2025), and 0.23 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.13 Bn | 131.28 Bn | 2.84 Bn | - |
| 2 | Regeneron Pharmaceuticals | 85.77 Bn | 77.77 Bn | 3.93 Bn | 0.05 |
| 3 | Argenx Se | 64.64 Bn | 59.46 Bn | 1.37 Bn | - |
| 4 | Moderna | 58.29 Bn | 53.16 Bn | 52.00 Mn | 0.05 |
| 5 | BeOne Medicines | 41.92 Bn | 36.82 Bn | 1.53 Bn | 0.12 |
| 6 | Alnylam Pharmaceuticals | 31.58 Bn | 28.28 Bn | 992.69 Mn | - |
| 7 | BioNTech SE | 28.12 Bn | 9.73 Bn | 668.28 Mn | 0.03 |
| 8 | Insmed | 27.39 Bn | 26.22 Bn | 358.27 Mn | 0.26 |
| 9 | Royalty Pharma | 27.27 Bn | 26.43 Bn | - | 0.47 |
| 10 | HCW Biologics | 2.86 Mn | 2.11 Mn | -93,887.00 | 0.25 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.28 |
| Sep 30, 2025 | 0.27 |
| Jun 30, 2025 | 0.23 |
| Mar 31, 2025 | 0.53 |
| Dec 31, 2024 | 0.45 |
| Sep 30, 2024 | 0.48 |
| Jun 30, 2024 | 0.37 |
| Mar 31, 2024 | 0.28 |
| Dec 31, 2023 | 0.22 |
| Sep 30, 2023 | 0.18 |
| Jun 30, 2023 | 0.16 |
| Mar 31, 2023 | 0.15 |
| Dec 31, 2022 | 0.95 |
| Sep 30, 2022 | 0.13 |