Debt-to-Equity Ratio

The debt-to-equity ratio measures a company's financial leverage by comparing its total liabilities to shareholders' equity.

A current ratio of 0.42x means DXCM has $0.42 of debt for every $1 of equity, indicating it relies more on equity than debt for financing. This is lower than the sector median of 0.72x, placing DXCM in the 30th percentile among peers — meaning most competitors carry more leverage. The trend has been decreasing over the last eight quarters, with a quarter-over-quarter decline of -10.6% (year-over-year change is not available). A low and falling debt-to-equity ratio suggests the company is reducing financial risk and may be more resilient during downturns, but it can also signal slower growth if debt is not used to fund expansion. This metric supports the overall NEUTRAL verdict because while the conservative capital structure lowers risk, it does not alone justify a bullish or bearish stance — the stock's rating reflects a balance of other factors.

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