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Natera, Inc. NTRA Debt-to-assets

Debt-to-assets at other companies

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Labcorp HoldingsLH
0.4×0.0×
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Quest DiagnosticsDGX
0.4×0.0×
Illumina logo
IlluminaILMN
0.3×0.0×
Guardant Health logo
Guardant HealthGH
0.9×-0.1×
Agilent Technologies logo
Agilent TechnologiesA
0.3×0.0×
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IncyteINCY
0.0×

Other financials

Income statement

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Revenue$696.6M+38.8%
Operating income-$93.5M-18.1%
Net income-$85.1M-27.1%
EPS (diluted)-$0.60-20.0%

Balance sheet

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Cash & equivalents$1.1B+11.7%
Total debt$240.1M+22.7%
Total equity$1.8B+43.1%
Total assets$2.6B+50.9%

Cash flow

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Operating cash flow$40.2M-9.6%
CapEx$22.1M+1.5%
Free cash flow$18.0M-20.3%

Valuation

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Market cap$32.43B+48.3%
Enterprise value$31.58B+49.9%
P/S13×+1.0×

Profitability

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Gross margin42.9%
Operating margin-13%+0.6pp
Net margin-14.6%+0.6pp

Returns & leverage

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Return on equity-29%+4.1pp
Debt / equity0.1×0.0×
Current ratio-0.9×

Where this comes from

Calculated from Natera, Inc.’s reported figures.

Based on the most recent quarter.

The official record: Natera, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Natera, Inc.'s debt-to-assets?
Natera, Inc. (NTRA) reported debt-to-assets of 0.1× in Q1 2026.
How has Natera, Inc.'s debt-to-assets changed year-over-year?
Natera, Inc.'s debt-to-assets decreased by 18.7% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for Natera, Inc.'s debt-to-assets?
Over 4 years (2021 to 2025), Natera, Inc.'s debt-to-assets has grown at a -27.1% compound annual growth rate (CAGR), from 1.5× to 0.4×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.