TELA Bio (TELA) Debt Ratio (2019 - 2026)
TELA Bio's Debt Ratio came in at 0.94 for Q2 2026, up 53.2% from 0.61 a year earlier and up 17.4% from the prior quarter.
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Analysis
TELA Bio (TELA) Debt Ratio (2019 - 2026) Analysis & Trends
For FY2025, TELA Bio's Debt Ratio was 0.68, up 43.9% from FY2024.
- Going back by year, Debt Ratio was 0.48 in FY2024 (-8.5%), 0.52 in FY2023 (-11.8%) and 0.59 in FY2022.
- The Q2 2026 figure represents the highest quarterly Debt Ratio in data going back to Q2 2022.
- Year-over-year, Debt Ratio has increased for three consecutive quarters, with growth averaging 22.2% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q3 2024 (growth of 67.2%), and the weakest in Q2 2023 (a decline of 44.8%).
- Business Quant data shows TELA's Debt Ratio at 0.80 (Q1 2026), 0.68 (Q4 2025) and 0.67 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 257.99 Bn | 237.02 Bn | 4.88 Bn | 0.38 |
| 2 | Abbott Laboratories | 175.01 Bn | 145.44 Bn | 7.27 Bn | 0.30 |
| 3 | Danaher | 164.93 Bn | 148.74 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 151.84 Bn | 131.26 Bn | 1.96 Bn | - |
| 5 | Medtronic | 119.05 Bn | 84.30 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 113.89 Bn | 100.00 Bn | 4.50 Bn | 0.31 |
| 7 | Boston Scientific | 65.37 Bn | 60.13 Bn | 3.85 Bn | 0.28 |
| 8 | Becton Dickinson | 53.36 Bn | 50.51 Bn | 2.32 Bn | 0.33 |
| 9 | Edwards Lifesciences | 50.83 Bn | 34.83 Bn | 1.35 Bn | 0.04 |
| 10 | TELA Bio | 62.01 Mn | -88.52 Mn | 13.94 Mn | 0.94 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.94 |
| Mar 31, 2026 | 0.80 |
| Dec 31, 2025 | 0.68 |
| Sep 30, 2025 | 0.67 |
| Jun 30, 2025 | 0.61 |
| Mar 31, 2025 | 0.53 |
| Dec 31, 2024 | 0.48 |
| Sep 30, 2024 | 0.77 |
| Jun 30, 2024 | 0.68 |
| Mar 31, 2024 | 0.57 |
| Dec 31, 2023 | 0.52 |
| Sep 30, 2023 | 0.46 |
| Jun 30, 2023 | 0.43 |
| Mar 31, 2023 | 0.68 |
| Dec 31, 2022 | 0.59 |
| Sep 30, 2022 | 0.50 |
| Jun 30, 2022 | 0.77 |
| Mar 31, 2022 | 0.57 |
| Dec 31, 2021 | 0.50 |
| Sep 30, 2021 | 0.46 |
API Access
TELA Bio 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=TELA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TELA", "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=TELA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();