DGXNEUTRAL

DGX Debt-to-Equity Ratio Analysis

0.75x

Higher than 68% of Healthcare sector peers

Updated 581h ago·SEC filings & market data

Key Takeaway

Quest Diagnostics' debt-to-equity ratio of 0.75x means the company uses 75 cents of debt for every dollar of shareholders' equity, indicating how heavily it relies on borrowed funds.

Sector Performance

68th percentile

DGX

0.75x

Sector Median

0.26x

Sector Avg

0.89x

Prior Period

0.77x(Jul 2026)

↑ Improving

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Deep Analysis

Quest Diagnostics' debt-to-equity ratio of 0.75x means the company uses 75 cents of debt for every dollar of shareholders' equity, indicating how heavily it relies on borrowed funds.

This is above the healthcare sector median of 0.34x, placing DGX in the 74th percentile among peers, so leverage is higher than most comparable companies. The year-over-year change is not available, but the quarter-over-quarter change shows a 2.6% decline, with the ratio moving from 0.77x to 0.75x. The combination of a high but slightly decreasing leverage level suggests moderate financial risk, as debt is elevated relative to peers yet improving incrementally. This metric supports the overall NEUTRAL verdict: the elevated ratio warrants caution, but the downward drift offers no clear reason for either bullish or bearish conviction.

Frequently Asked Questions

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

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.

How does DGX's Debt-to-Equity Ratio compare to its sector?

DGX's Debt-to-Equity Ratio of 0.75x compares to a Healthcare sector median of 0.26x, placing it in the 68th percentile.

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

The closest Healthcare peers by Debt-to-Equity Ratio include: BIO (0.17x), BIIB (0.34x), NTLA (0.13x), TECH (0.10x), BEAM (0.09x).

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Learn More About Debt-to-Equity Ratio

How to Spot a Debt Problem Before It Hits the Stock Price

Learn how to spot a debt problem in stocks using D/E, interest coverage, and net debt/EBITDA ratios. Real examples from META and MSFT, plus danger thresholds you need to know.

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.