Rani Therapeutics Holdings (RANI) Debt Ratio (2020 - 2025)
Rani Therapeutics Holdings' Debt Ratio came in at 1.34 for Q3 2025, up 105.4% from 0.65 a year earlier and up 30.9% from the prior quarter.
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Analysis
Rani Therapeutics Holdings (RANI) Debt Ratio (2020 - 2025) Analysis & Trends
For FY2024, Rani Therapeutics Holdings' Debt Ratio was 0.67, up 32.4% from FY2023.
- Going back by year, Debt Ratio was 0.51 in FY2023 (+88.0%), 0.27 in FY2022 and 0.05 in FY2020.
- The Q3 2025 figure represents the highest quarterly Debt Ratio in data going back to Q4 2020.
- Year-over-year, Debt Ratio has increased for nine consecutive quarters, with growth averaging 70.6% over the last eight quarters.
- Over the past five years, the year-over-year growth in Debt Ratio ranged from 32.4% (Q4 2024) to 219.7% (Q3 2023).
- Business Quant data shows RANI's Debt Ratio at 1.02 (Q2 2025), 0.87 (Q1 2025) and 0.67 (Q4 2024) in the three quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 0.24 |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 0.52 |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 0.42 |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 0.31 |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 0.00 |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 0.60 |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 0.53 |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 0.31 |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | - |
| 10 | Rani Therapeutics Holdings | 147.86 Mn | 156.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 1.34 |
| Jun 30, 2025 | 1.02 |
| Mar 31, 2025 | 0.87 |
| Dec 31, 2024 | 0.67 |
| Sep 30, 2024 | 0.65 |
| Jun 30, 2024 | 0.67 |
| Mar 31, 2024 | 0.55 |
| Dec 31, 2023 | 0.51 |
| Sep 30, 2023 | 0.42 |
| Jun 30, 2023 | 0.35 |
| Mar 31, 2023 | 0.30 |
| Dec 31, 2022 | 0.27 |
| Sep 30, 2022 | 0.13 |
| Jun 30, 2021 | 0.05 |
| Dec 31, 2020 | 0.05 |
API Access
Rani Therapeutics Holdings 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=RANI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "RANI", "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=RANI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();