Spectral AI (MDAI) Debt Ratio (2020 - 2026)
Spectral AI's (MDAI) Debt Ratio was 0.77 for Q2 2026, up 59.7% from 0.48 a year earlier and up 61.7% from the prior quarter.
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Analysis
Spectral AI (MDAI) Debt Ratio (2020 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Spectral AI was 0.39, up 70.1% from FY2024.
- Debt Ratio has increased for three consecutive years.
- By year, Debt Ratio came in at 0.23 in FY2024 (+465.1%), 0.04 in FY2023 (+336.1%) and 0.01 in FY2022.
- The Q2 2026 figure ranks as the highest quarterly Debt Ratio in data going back to Q4 2020.
- Year over year, Debt Ratio has now increased in each of the last three quarters, with growth averaging 192.8% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q3 2024 (growth of 904.6%); the low point was Q2 2025 (a decline of 4.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.47 (Q1 2026), 0.39 (Q4 2025) and 0.51 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 0.38 |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 0.30 |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | - |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 0.31 |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 0.28 |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 0.04 |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 0.33 |
| 10 | Spectral AI | 50.85 Mn | -747,812.38 | 1.11 Mn | 0.77 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.77 |
| Mar 31, 2026 | 0.47 |
| Dec 31, 2025 | 0.39 |
| Sep 30, 2025 | 0.51 |
| Jun 30, 2025 | 0.48 |
| Mar 31, 2025 | 0.37 |
| Dec 31, 2024 | 0.23 |
| Sep 30, 2024 | 0.51 |
| Jun 30, 2024 | 0.50 |
| Mar 31, 2024 | 0.31 |
| Dec 31, 2023 | 0.04 |
| Sep 30, 2023 | 0.05 |
| Dec 31, 2022 | 0.01 |
| Mar 31, 2021 | 0.00 |
| Dec 31, 2020 | 0.24 |
API Access
Spectral AI 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=MDAI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "MDAI", "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=MDAI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();