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Boston Scientific BSX Debt-to-equity

Debt-to-equity at other companies

Abbott logo
AbbottABT
0.7×+0.4×
Johnson & Johnson logo
Johnson & JohnsonJNJ
0.7×0.0×
Edwards Lifesciences logo
Edwards LifesciencesEW
0.1×0.0×
Medtronic logo
MedtronicMDT
0.6×0.0×
STERIS logo
STERISSTE
0.3×-0.1×
Intuitive Surgical logo
Intuitive SurgicalISRG
0.0×

Other financials

Income statement

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Revenue$5.2B+11.6%
Gross profit$3.6B+12.6%
Operating income$1.1B+19.5%
Net income$1.3B+99.3%
EPS (diluted)$0.90+100%

Balance sheet

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Cash & equivalents$850.0M+146%
Total equity$25.9B+16.4%
Total assets$44.4B+10.5%

Cash flow

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Operating cash flow$348.0M-35.7%
CapEx$177.0M-5.4%
Free cash flow$171.0M-51.7%

Valuation

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Market cap$66.81B-37.5%
P/E18.8×-34.0×
P/S3.2×-2.8×

Profitability

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Gross margin69.2%+0.5pp
Operating margin18.4%+2.2pp
Net margin17.3%+5.7pp

Returns & leverage

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Return on equity14.8%+5.2pp
Current ratio1.9×+0.4×

Where this comes from

Calculated from Boston Scientific’s reported figures.

Based on the most recent quarter.

The official record: Boston Scientific’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Boston Scientific's debt-to-equity?
Boston Scientific (BSX) reported debt-to-equity of 0× in Q4 2025.
How has Boston Scientific's debt-to-equity changed year-over-year?
Boston Scientific's debt-to-equity decreased by 94.7% year-over-year, from 0.5× to 0×.
What is the long-term trend for Boston Scientific's debt-to-equity?
Over 4 years (2021 to 2025), Boston Scientific's debt-to-equity has grown at a -8.9% compound annual growth rate (CAGR), from 2.3× to 1.6×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.