What is Guardant Health's debt-to-equity?

Guardant Health (GH) reported debt-to-equity of 3× in Q1 2024.

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.

Guardant Health GH Debt-to-equity

Debt-to-equity at other companies

IlluminaILMN

0.8×-0.1×

Natera, Inc.NTRA

0.1×0.0×

Quest DiagnosticsDGX

0.9×-0.1×

Agilent TechnologiesA

0.5×-0.1×

Labcorp HoldingsLH

0.8×0.0×

AbbottABT

0.7×+0.4×

Other financials

Income statement

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Revenue$301.7M+48.3%

Gross profit$196.7M+52.8%

Operating income-$121.4M-9.3%

Net income-$112.1M-17.8%

EPS (diluted)-$0.85-10.4%

Balance sheet

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Cash & equivalents$1.1B+37.0%

Total debt$1.7B+30.5%

Total equity-$181.1M+27.8%

Total assets$1.9B+42.5%

Cash flow

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Operating cash flow-$65.6M-4.7%

CapEx$5.6M+25.1%

Free cash flow-$71.2M-6.0%

Valuation

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Market cap$17.12B+130%

Enterprise value$17.72B+121%

P/S15.9×+6.3×

Profitability

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Gross margin64.9%+3.6pp

Operating margin-41.4%-9.4pp

Net margin-40.1%-8.1pp

Returns & leverage

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Return on equity-438.1%-1,655pp

Current ratio4.7×+0.6×

Where this comes from

Calculated from Guardant Health’s reported figures.

total debt/total stockholders equity=3×

Based on the most recent quarter.

The official record: Guardant Health’s 10-Q, filed April 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Guardant Health's debt-to-equity?: Guardant Health (GH) reported debt-to-equity of 3× in Q1 2024.
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.