Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026)
Thermo Fisher Scientific's (TMO) Debt Ratio came in at 0.38 for Q2 2026, up 8.0% from 0.35 a year earlier but down 1.3% from the prior quarter.
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Analysis
Thermo Fisher Scientific (TMO) Debt Ratio (2009 - 2026) Analysis & Trends
For FY2025, Thermo Fisher Scientific's Debt Ratio stood at 0.36, up 11.1% from FY2024.
- In prior years, Thermo Fisher Scientific's Debt Ratio was 0.32 in FY2024 (-9.1%), 0.35 in FY2023 (-0.4%), 0.35 in FY2022 (-3.2%) and 0.37 in FY2021 (+16.5%).
- Quarterly Debt Ratio has run from a low of 0.29 in Q3 2021 to a high of 0.38 in Q1 2026 over five years.
- On a year-over-year basis, Debt Ratio has increased in each of the last three quarters, with growth averaging 0.8% over the last eight quarters.
- The strongest year-over-year quarter for Debt Ratio in the past five years was Q1 2022, with growth of 26.8%; the weakest was Q3 2021, with a decline of 10.4%.
- According to Business Quant data, Debt Ratio for the three prior quarters was 0.38 (Q1 2026), 0.36 (Q4 2025) and 0.35 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 243.20 Bn | 222.35 Bn | 4.88 Bn | 0.38 |
| 2 | Abbott Laboratories | 172.35 Bn | 143.43 Bn | 7.27 Bn | 0.30 |
| 3 | Danaher | 154.53 Bn | 138.35 Bn | 3.61 Bn | 0.29 |
| 4 | Intuitive Surgical | 150.04 Bn | 129.59 Bn | 1.96 Bn | - |
| 5 | Medtronic | 113.25 Bn | 79.11 Bn | 6.34 Bn | 0.30 |
| 6 | Stryker | 106.37 Bn | 92.49 Bn | 4.50 Bn | 0.31 |
| 7 | Boston Scientific | 61.94 Bn | 56.95 Bn | 3.85 Bn | 0.28 |
| 8 | Becton Dickinson | 50.05 Bn | 47.20 Bn | 2.32 Bn | 0.33 |
| 9 | Edwards Lifesciences | 49.13 Bn | 33.24 Bn | 1.35 Bn | 0.04 |
| 10 | Agilent Technologies | 48.07 Bn | 40.96 Bn | 1.04 Bn | 0.02 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 27, 2026 | 0.38 |
| Mar 28, 2026 | 0.38 |
| Dec 31, 2025 | 0.36 |
| Sep 27, 2025 | 0.35 |
| Jun 28, 2025 | 0.35 |
| Mar 29, 2025 | 0.35 |
| Dec 31, 2024 | 0.32 |
| Sep 28, 2024 | 0.35 |
| Jun 29, 2024 | 0.36 |
| Mar 30, 2024 | 0.37 |
| Dec 31, 2023 | 0.35 |
| Sep 30, 2023 | 0.36 |
| Jul 1, 2023 | 0.36 |
| Apr 1, 2023 | 0.37 |
| Dec 31, 2022 | 0.35 |
| Oct 1, 2022 | 0.32 |
| Jul 2, 2022 | 0.33 |
| Apr 2, 2022 | 0.36 |
| Dec 31, 2021 | 0.37 |
| Oct 2, 2021 | 0.29 |
API Access
Thermo Fisher Scientific 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=TMO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "TMO", "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=TMO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();