Waterdrop (WDH) Debt Ratio (2020 - 2025)

Waterdrop's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.01 for Q4 2025.

• In Q4 2025, Debt Ratio fell 78.47% year-over-year to 0.01; the TTM figure through Dec 2025 stood at 0.01 (down 78.47% YoY), while the FY2025 annual figure was 0.01, down 78.77% from the prior year.
• Debt Ratio was 0.01 for Q4 2025 at Waterdrop, down from 0.03 in the prior quarter.
• In the past five years, Debt Ratio ranged from a high of 0.03 in Q4 2024 to a low of 0.0 in Q4 2022.
• Historically, Debt Ratio has averaged 0.01 across 5 years, with a median of 0.01 in 2025.
• The sharpest annual moves came in 2023 and 2025: Debt Ratio jumped 1046.81% in 2023, then slumped 78.47% in 2025.
• A 5-year view of Debt Ratio shows it stood at 0.0 in 2021, then plunged by 49.91% to 0.0 in 2022, then surged by 1046.81% to 0.02 in 2023, then soared by 37.4% to 0.03 in 2024, then plunged by 78.47% to 0.01 in 2025.
• The last three Debt Ratio figures came in at 0.01 (Q4 2025), 0.03 (Q4 2024), and 0.02 (Q4 2023), per Business Quant data.