Zai Lab (ZLAB) Debt Ratio (2018 - 2026)

Zai Lab (ZLAB) posted Debt Ratio of 0.2 for Q1 2026, up 11.85% sequentially from 0.17 in Q4 2025, and up 32.04% YoY from 0.15 in Q1 2025.

Zai Lab (ZLAB) Debt Ratio (2018 - 2026) Analysis & Trends

Zai Lab has reported Debt Ratio for 6 years, with the latest figure at 0.2 in Q1 2026.

  • Quarterly Debt Ratio rose 32.04% year-over-year to 0.2 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.2 (up 32.04% YoY) and the FY2025 annual result came in at 0.17, up 57.06% from the prior year.
  • Debt Ratio improved to 0.2 in Q1 2026 per ZLAB's latest filing, from 0.17 in the prior quarter.
  • Over five years, Debt Ratio peaked at 0.2 in Q1 2026 and troughed at 0.05 in Q1 2024.
  • A 3-year average of 0.13 and a median of 0.15 in 2025 frame the typical range for Debt Ratio.
  • The sharpest annual moves came in 2025 and 2026: Debt Ratio surged 202.61% in 2025, then soared 32.04% in 2026.
  • Over 3 years, Debt Ratio stood at 0.11 in 2024, then soared by 57.06% to 0.17 in 2025, then climbed by 11.85% to 0.2 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.2, 0.17, and 0.18 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Vertex Pharmaceuticals 128.13 Bn 120.28 Bn 2.84 Bn -
2 Regeneron Pharmaceuticals 112.33 Bn 104.33 Bn 3.93 Bn 0.05
3 Argenx Se 53.24 Bn 48.05 Bn 1.41 Bn -
4 Revolution Medicines 43.64 Bn 43.64 Bn - -
5 BeOne Medicines 39.27 Bn 34.17 Bn 1.53 Bn 0.12
6 MindWalk Holdings 35.32 Bn 35.31 Bn 1.82 Bn -
7 Royalty Pharma 33.72 Bn 35.84 Bn - 0.47
8 Alnylam Pharmaceuticals 30.58 Bn 27.27 Bn 992.69 Mn -
9 Insmed 27.01 Bn 25.85 Bn 358.27 Mn 0.26
10 Zai Lab 2.91 Bn 2.20 Bn 58.15 Mn 0.22

Historic Data

Download Data
DateValue
Jun 30, 2026 0.22
Mar 31, 2026 0.20
Dec 31, 2025 0.17
Sep 30, 2025 0.18
Jun 30, 2025 0.15
Mar 31, 2025 0.15
Dec 31, 2024 0.11
Sep 30, 2024 0.11
Jun 30, 2024 0.07
Mar 31, 2024 0.05
Jun 30, 2020 0.01
Dec 31, 2019 0.02
Sep 30, 2019 0.02
Dec 31, 2018 0.01