BMYCAUTIOUS

BMY Debt-to-Equity Ratio Analysis

1.93x

Updated 129h ago·SEC filings & market data

Key Takeaway

BMY’s debt-to-equity ratio of 1.93x means the company uses $1.93 of debt for every $1 of shareholders’ equity, a measure of financial leverage.

Sector Performance

84th percentile

BMY

1.93x

Sector Median

0.74x

Sector Avg

2.51x

Prior Period

2.22x(Jul 2026)

↑ Improving

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Deep Analysis

BMY’s debt-to-equity ratio of 1.93x means the company uses $1.93 of debt for every $1 of shareholders’ equity, a measure of financial leverage.

That is far above the sector median of 0.74x, placing BMY in the 85th percentile among peers, so its leverage is higher than most comparable companies. The year-over-year change is not available, but the ratio fell 13.1% quarter-over-quarter from 2.22x to 1.93x. This combination of a high leverage level with a recent decline suggests the company is still heavily indebted but is actively reducing that burden, lowering near-term financial stress. The high absolute leverage keeps additional risk on the table, while the decreasing trend offers some room for improvement if it continues. This metric supports the CAUTIOUS verdict: the elevated debt level justifies caution even though the quarterly reduction is a positive move.

Frequently Asked Questions

What does the Debt-to-Equity Ratio tell investors about BMY?

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.

How is the Debt-to-Equity Ratio calculated?

Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.

Who are BMY's closest peers by Debt-to-Equity Ratio?

The closest peers by Debt-to-Equity Ratio include: TAP (0.76x), PCAR (0.72x), O (0.78x), PRU (0.78x), KIM (0.85x).

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Learn More About Debt-to-Equity Ratio

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Debt/Equity Ratio: How Much Debt Is Too Much?

The debt to equity ratio explained: why context, interest coverage, and sector norms matter far more than the raw number when assessing debt risk.

The Formula

Total Debt / Shareholders' Equity

Why It Matters

Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.