Natera (NTRA) Debt Ratio (2014 - 2026)
Natera's Debt Ratio was 0.03 in Q2 2026, down 33.9% from 0.05 a year earlier and down 1.6% from the prior quarter.
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Analysis
Natera (NTRA) Debt Ratio (2014 - 2026) Analysis & Trends
From Q4 2014 onward, Natera has reported Debt Ratio for 45 quarters.
- Debt Ratio has now declined for five consecutive years.
- In earlier years, Debt Ratio was 0.05 in FY2024 (-80.8%), 0.25 in FY2023 (-2.9%), 0.26 in FY2022 (-2.9%) and 0.27 in FY2021 (-1.4%).
- The Q2 2026 figure marks the lowest quarterly Debt Ratio in data going back to Q4 2014.
- Compared with a year earlier, Debt Ratio has declined for 15 straight quarters, with an average decline of 53.8% over the last eight quarters.
- The best year-over-year quarter for Debt Ratio over five years was Q3 2022 (growth of 30.5%); the worst was Q1 2025 (a decline of 81.3%).
- Per Business Quant data, NTRA's Debt Ratio in the three quarters before Q2 2026 was 0.03 (Q1 2026), 0.03 (Q4 2025) and 0.04 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 98.64 Bn | 98.22 Bn | - | 0.80 |
| 2 | Natera | 54.42 Bn | 50.10 Bn | 485.19 Mn | 0.03 |
| 3 | Labcorp Holdings | 28.77 Bn | 26.87 Bn | 1.11 Bn | 0.31 |
| 4 | Quest Diagnostics | 27.60 Bn | 25.68 Bn | 1.04 Bn | 0.32 |
| 5 | Guardant Health | 22.81 Bn | 18.87 Bn | 219.03 Mn | - |
| 6 | Tenet Healthcare | 21.39 Bn | 12.88 Bn | - | 0.42 |
| 7 | Tempus AI | 13.75 Bn | 10.78 Bn | 246.50 Mn | - |
| 8 | Encompass Health | 13.53 Bn | 14.00 Bn | - | 0.35 |
| 9 | BrightSpring Health Services | 13.09 Bn | 11.43 Bn | 492.75 Mn | 0.37 |
| 10 | Fresenius Medical Care AG | 12.64 Bn | 5.70 Bn | 1.52 Bn | 15.15 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.03 |
| Mar 31, 2026 | 0.03 |
| Dec 31, 2025 | 0.03 |
| Sep 30, 2025 | 0.04 |
| Jun 30, 2025 | 0.05 |
| Mar 31, 2025 | 0.05 |
| Dec 31, 2024 | 0.05 |
| Sep 30, 2024 | 0.23 |
| Jun 30, 2024 | 0.24 |
| Mar 31, 2024 | 0.25 |
| Dec 31, 2023 | 0.25 |
| Sep 30, 2023 | 0.25 |
| Jun 30, 2023 | 0.29 |
| Mar 31, 2023 | 0.27 |
| Dec 31, 2022 | 0.26 |
| Sep 30, 2022 | 0.33 |
| Jun 30, 2022 | 0.31 |
| Mar 31, 2022 | 0.29 |
| Dec 31, 2021 | 0.27 |
| Sep 30, 2021 | 0.25 |
API Access
Natera 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=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "NTRA", "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=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();