Waterdrop (WDH) Debt to Equity (2020 - 2025)

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

• In Q4 2025, Debt to Equity fell 77.94% year-over-year to $0.01; the TTM figure through Dec 2025 stood at $0.01 (down 77.94% YoY), while the FY2025 annual figure was $0.01, down 78.25% from the prior year.
• Debt to Equity was $0.01 for Q4 2025 at Waterdrop, down from $0.04 in the prior quarter.
• In the past five years, Debt to Equity ranged from a high of $0.04 in Q4 2024 to a low of $0.0 in Q4 2022.
• Historically, Debt to Equity has averaged $0.02 across 5 years, with a median of $0.01 in 2025.
• The sharpest annual moves came in 2023 and 2025: Debt to Equity jumped 1137.51% in 2023, then sank 77.94% in 2025.
• A 5-year view of Debt to Equity shows it stood at $0.01 in 2021, then slumped by 52.9% to $0.0 in 2022, then surged by 1137.51% to $0.03 in 2023, then surged by 37.85% to $0.04 in 2024, then tumbled by 77.94% to $0.01 in 2025.
• The last three Debt to Equity figures came in at $0.01 (Q4 2025), $0.04 (Q4 2024), and $0.03 (Q4 2023), per Business Quant data.