XRAYNEUTRAL

XRAY Debt-to-Equity Ratio Analysis

1.65x

Updated 105h ago·SEC filings & market data

Key Takeaway

A Debt-to-Equity Ratio of 1.65x means the company carries $1.65 of debt for every $1 of shareholder equity, indicating it relies heavily on borrowed funds.

Sector Performance

79th percentile

XRAY

1.65x

Sector Median

0.74x

Sector Avg

2.51x

Prior Period

1.70x(Aug 2026)

↑ Improving

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Deep Analysis

A Debt-to-Equity Ratio of 1.65x means the company carries $1.65 of debt for every $1 of shareholder equity, indicating it relies heavily on borrowed funds.

This is far above the sector median of 0.74x, placing the company in the 79th percentile among peers, so its leverage is higher than most comparable firms. The year-over-year change is not available, but the quarter-over-quarter change shows a -2.9% decrease from 1.70x to 1.65x, reflecting a mild reduction in leverage. The combination of an elevated level against peers with a slight downward trend implies ongoing financial risk from high debt, though the recent easing offers a modest offset. This metric partially contradicts the overall NEUTRAL verdict because the high ratio suggests above-average risk, yet the improving trend prevents a more bearish stance. Net, the debt level supports caution but does not overturn the neutral assessment.

Frequently Asked Questions

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

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 XRAY'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

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.