Growth Metrics

Waterdrop (WDH) Debt Ratio (2020 - 2025)

Waterdrop's quarterly Debt Ratio came in at 0.01 in Q4 2025, down 78.47% year-on-year from 0.03 in Q4 2024, and up 1059.98% quarter-over-quarter from 0.0 in Q3 2025.

Waterdrop has reported Debt Ratio for 6 years, with the latest figure at 0.01 in Q4 2025.

  • For the quarter ending Q4 2025, Debt Ratio fell 78.47% year-over-year to 0.01; the trailing twelve-month figure through Dec 2025 stood at 0.01 (down 78.47% YoY), and the FY2025 full-year result was 0.01, down 78.77% from the prior year.
  • Debt Ratio for Q4 2025 stood at 0.01, up from 0.0 in the prior quarter.
  • The five-year high for Debt Ratio was 0.03 in Q4 2024, with the low at 0.0 in Q3 2025.
  • Average Debt Ratio over 5 years is 0.0, with a median of 0.0 recorded in 2022.
  • Year-over-year, Debt Ratio soared 1046.81% in 2023 and slumped 78.47% in 2025.
  • Tracing WDH's Debt Ratio over 5 years: stood at 0.0 in 2021, then tumbled by 49.91% to 0.0 in 2022, then soared by 1046.81% to 0.02 in 2023, then jumped by 37.4% to 0.03 in 2024, then tumbled by 78.47% to 0.01 in 2025.
  • The last three Debt Ratio figures came in at 0.01 (Q4 2025), 0.0 (Q3 2025), and 0.0 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 American International 39.62 Bn 784.91 Mn 2.60 Bn -
2 Hartford Insurance 34.97 Bn 25.91 Bn 2.15 Bn -
3 Aegon 34.55 Bn 34.55 Bn - -
4 Arch Capital 31.37 Bn 30.45 Bn 4.02 Bn 0.03
5 Fidelis Insurance Holdings 2.04 Bn 2.04 Bn 386.80 Mn 0.06
6 International General Insurance Holdings 1.03 Bn 811.79 Mn 70.90 Mn -
7 Waterdrop 762.05 Mn 690.71 Mn 129.34 Mn 0.01
8 Exzeo 1.28 Mn -230.11 Mn 32.74 Mn -
9 Sun Life Financial 43.53 -7.92 Bn - 0.03
10 Sun Life Financial - - - 0.03

Historic Data

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DateValue
Dec 31, 2025 0.01
Sep 30, 2025 0.00
Jun 30, 2025 0.00
Mar 31, 2025 0.00
Dec 31, 2024 0.03
Sep 30, 2024 0.00
Jun 30, 2024 0.00
Mar 31, 2024 0.00
Dec 31, 2023 0.02
Sep 30, 2023 0.00
Jun 30, 2023 0.00
Mar 31, 2023 0.00
Dec 31, 2022 0.00
Sep 30, 2022 0.00
Jun 30, 2022 0.00
Mar 31, 2022 0.00
Dec 31, 2021 0.00
Sep 30, 2021 0.00
Jun 30, 2021 0.00
Mar 31, 2021 0.00
Dec 31, 2020 0.00