Tarsus Pharmaceuticals (TARS) Debt Ratio (2022 - 2026)

Tarsus Pharmaceuticals' (TARS) quarterly Debt Ratio came in at 0.12 in Q1 2026, down 13.1% year-on-year from 0.14 in Q1 2025, and down 3.05% quarter-over-quarter from 0.13 in Q4 2025.

Tarsus Pharmaceuticals (TARS) Debt Ratio (2022 - 2026) Analysis & Trends

Tarsus Pharmaceuticals' Debt Ratio history runs 5 years deep, the most recent figure standing at 0.12 for Q1 2026.

  • On a quarterly basis, Debt Ratio fell 13.1% year-over-year to 0.12 in Q1 2026; TTM through Mar 2026 was 0.12, a 13.1% decrease from a year earlier, with the FY2025 full-year figure at 0.13, down 32.39% from the prior year.
  • Debt Ratio retreated to 0.12 in Q1 2026 per TARS's latest filing, from 0.13 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.19 in Q4 2024 and bottomed at 0.08 in Q2 2022.
  • The 5-year median for Debt Ratio is 0.12 (2026), against an average of 0.13.
  • Across the five-year window, Debt Ratio jumped 72.12% in 2024 and tumbled 32.39% in 2025, its largest moves.
  • Year by year, Debt Ratio stood at 0.09 in 2022, then surged by 31.69% to 0.11 in 2023, then soared by 69.68% to 0.19 in 2024, then tumbled by 32.39% to 0.13 in 2025, then retreated by 3.05% to 0.12 in 2026.
  • Per Business Quant, the three latest TARS Debt Ratio figures stand at 0.12 (Q1 2026), 0.13 (Q4 2025), and 0.14 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - 1.41
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 0.11
4 NuCana 279.75 Bn 279.75 Bn - -
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn -
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 0.05
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -
10 Tarsus Pharmaceuticals 2.52 Bn 2.41 Bn 152.66 Mn 0.12

Historic Data

Download Data
DateValue
Mar 31, 2026 0.12
Dec 31, 2025 0.13
Sep 30, 2025 0.14
Jun 30, 2025 0.15
Mar 31, 2025 0.14
Dec 31, 2024 0.19
Sep 30, 2024 0.19
Jun 30, 2024 0.19
Mar 31, 2024 0.09
Dec 31, 2023 0.11
Sep 30, 2023 0.11
Jun 30, 2023 0.13
Mar 31, 2023 0.12
Dec 31, 2022 0.09
Sep 30, 2022 0.08
Jun 30, 2022 0.08
Mar 31, 2022 0.11