Debt-to-Equity Ratio
Higher than 70% of Healthcare sector peers
Updated 320h ago
Sector Performance
70th percentileDGX
0.77x
Sector Median
0.46x
Sector Avg
0.82x
Deep Analysis
Quest Diagnostics’ Debt-to-Equity Ratio of 0.77x means the company uses $0.77 of debt for every $1.00 of shareholders’ equity, indicating a moderate reliance on borrowed funds.
This ratio sits above the Healthcare sector median of 0.47x, placing Quest in the 68th percentile among its peers—meaning it carries more debt than about two-thirds of comparable firms. The metric shows no trend data: both the year-over-year and quarter-over-quarter changes are marked as N/A, so no recent shift in leverage can be assessed. Because the current debt level is above sector norms yet still below 1.0x, the risk of financial distress appears contained, but without a trend to show improving or deteriorating leverage, the opportunity for debt-driven growth is unclear. This metric neither strongly supports nor contradicts the overall NEUTRAL verdict—it highlights higher-than-average leverage without indicating immediate trouble, aligning with a balanced outlook.
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 0.77x compares to a Healthcare sector median of 0.46x, placing it in the 70th percentile.
Who are DGX's closest peers by Debt-to-Equity Ratio?
The closest Healthcare peers by Debt-to-Equity Ratio include: NVO (0.72x), BIO (0.18x), TDOC (0.75x), NTLA (0.13x), TECH (0.10x).
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.
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0.77x
Sector Median
0.46x
Sector Avg
0.82x
How DGX's Debt-to-Equity Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.