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Eli Lilly LLY Debt-to-equity

Debt-to-equity at other companies

Johnson & Johnson logo
Johnson & JohnsonJNJ
0.7×0.0×
Pfizer logo
PfizerPFE
0.7×0.0×
Amgen logo
AmgenAMGN
6.2×-3.0×
Biogen logo
BiogenBIIB
0.4×+0.1×
ResMed logo
ResMedRMD
0.2×0.0×
Cencora logo
CencoraCOR
3.6×-3.4×

Other financials

Income statement

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Revenue$19.8B+55.5%
Gross profit$16.2B+54.4%
Net income$7.4B+168%
EPS (diluted)$8.26+170%

Balance sheet

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Cash & equivalents$5.3B+70.8%
Total debt$43.4B+12.6%
Total equity$31.2B+97.9%
Total assets$116.58B+30.4%

Cash flow

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Operating cash flow$5.3B+220%
CapEx$2.3B+54.0%
Free cash flow$3.0B+1,828%

Valuation

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Market cap$991.62B+10.8%
Enterprise value$1.03T+10.6%
P/E39.2×-41.4×
P/S13.7×-4.5×

Profitability

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Gross margin82.8%+1.1pp
Net margin35%+12.3pp

Returns & leverage

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Return on equity107.6%+29.9pp
Current ratio1.5×+0.1×

Where this comes from

Calculated from Eli Lilly’s reported figures.

Based on the most recent quarter.

The official record: Eli Lilly’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Eli Lilly's debt-to-equity?
Eli Lilly (LLY) reported debt-to-equity of 1.4× in Q1 2026.
How has Eli Lilly's debt-to-equity changed year-over-year?
Eli Lilly's debt-to-equity decreased by 43.1% year-over-year, from 2.4× to 1.4×.
What is the long-term trend for Eli Lilly's debt-to-equity?
Over 4 years (2021 to 2025), Eli Lilly's debt-to-equity has grown at a -3.0% compound annual growth rate (CAGR), from 9.1× to 8×.
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.