Eli Lilly & annual debt-to-equity ratio
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Eli Lilly & Debt-to-Equity Ratio Growth & History (LLY)
Eli Lilly &'s debt-to-equity ratio was 1.65 for fiscal 2025.
View full Eli Lilly & company overviewEli Lilly & annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.65 | −0.78 | −32.19% |
| 2024 | 2024-12-31 | 2.44 | −0.01 | −0.28% |
| 2023 | 2023-12-31 | 2.44 | 0.85 | +53.44% |
| 2022 | 2022-12-31 | 1.59 | −0.36 | −18.58% |
| 2021 | 2021-12-31 | 1.96 | −1.10 | −36.04% |
| 2020 | 2020-12-31 | 3.06 | −3.05 | −49.92% |
| 2019 | 2019-12-31 | 6.11 | 5.06 | +483.03% |
| 2018 | 2018-12-31 | 1.05 | −0.13 | −11.00% |
| 2017 | 2017-12-31 | 1.18 | 0.44 | +60.02% |
| 2016 | 2016-12-31 | 0.74 | 0.19 | +34.36% |
| 2015 | 2015-12-31 | 0.55 | 0.03 | +4.94% |
| 2014 | 2014-12-31 | 0.52 | 0.23 | +76.48% |
| 2013 | 2013-12-31 | 0.30 | −0.08 | −21.08% |
| 2012 | 2012-12-31 | 0.37 | −0.25 | −40.34% |
| 2011 | 2011-12-31 | 0.63 | 0.07 | +12.31% |
| 2010 | 2010-12-31 | 0.56 | −0.14 | −20.06% |
| 2009 | 2009-12-31 | 0.70 | −0.85 | −54.96% |
| 2008 | 2008-12-31 | 1.55 | — | — |
Eli Lilly & quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.62 | −0.56 | −25.78% |
| Q1 2026 | 2026-03-31 | 1.39 | −1.05 | −43.10% |
| Q4 2025 | 2025-12-31 | 1.65 | −0.78 | −32.19% |
| Q3 2025 | 2025-09-30 | 1.79 | −0.40 | −18.25% |
| Q2 2025 | 2025-06-30 | 2.18 | 0.05 | +2.51% |
| Q1 2025 | 2025-03-31 | 2.44 | 0.40 | +19.42% |
| Q4 2024 | 2024-12-31 | 2.44 | −0.01 | −0.28% |
| Q3 2024 | 2024-09-30 | 2.19 | 0.39 | +21.58% |
| Q2 2024 | 2024-06-30 | 2.13 | 0.43 | +25.24% |
| Q1 2024 | 2024-03-31 | 2.05 | 0.36 | +21.23% |
| Q4 2023 | 2023-12-31 | 2.44 | 0.85 | +53.44% |
| Q3 2023 | 2023-09-30 | 1.80 | 0.22 | +13.92% |
| Q2 2023 | 2023-06-30 | 1.70 | −0.27 | −13.55% |
| Q1 2023 | 2023-03-31 | 1.69 | −0.08 | −4.62% |
| Q4 2022 | 2022-12-31 | 1.59 | −0.36 | −18.58% |
| Q3 2022 | 2022-09-30 | 1.58 | −0.62 | −28.37% |
| Q2 2022 | 2022-06-30 | 1.97 | −0.59 | −23.22% |
| Q1 2022 | 2022-03-31 | 1.77 | −0.58 | −24.68% |
| Q4 2021 | 2021-12-31 | 1.96 | −1.10 | −36.04% |
| Q3 2021 | 2021-09-30 | 2.20 | −1.30 | −37.17% |
| Q2 2021 | 2021-06-30 | 2.56 | −1.43 | −35.76% |
| Q1 2021 | 2021-03-31 | 2.35 | −3.25 | −58.03% |
| Q4 2020 | 2020-12-31 | 3.06 | −3.05 | −49.92% |
| Q3 2020 | 2020-09-30 | 3.51 | −1.18 | −25.12% |
| Q2 2020 | 2020-06-30 | 3.99 | −1.91 | −32.39% |
| Q1 2020 | 2020-03-31 | 5.60 | −1.09 | −16.31% |
| Q4 2019 | 2019-12-31 | 6.11 | 5.06 | +483.03% |
| Q3 2019 | 2019-09-30 | 4.68 | 3.71 | +382.96% |
| Q2 2019 | 2019-06-30 | 5.90 | 4.84 | +458.02% |
| Q1 2019 | 2019-03-31 | 6.69 | 5.88 | +730.50% |
| Q4 2018 | 2018-12-31 | 1.05 | −0.13 | −11.00% |
| Q3 2018 | 2018-09-30 | 0.97 | 0.07 | +7.21% |
| Q2 2018 | 2018-06-30 | 1.06 | 0.18 | +21.11% |
| Q1 2018 | 2018-03-31 | 0.81 | 0.07 | +10.26% |
| Q4 2017 | 2017-12-31 | 1.18 | 0.44 | +60.02% |
| Q3 2017 | 2017-09-30 | 0.90 | 0.30 | +50.79% |
| Q2 2017 | 2017-06-30 | 0.87 | 0.24 | +36.96% |
| Q1 2017 | 2017-03-31 | 0.73 | 0.19 | +34.90% |
| Q4 2016 | 2016-12-31 | 0.74 | 0.19 | +34.36% |
| Q3 2016 | 2016-09-30 | 0.60 | 0.07 | +12.99% |
| Q2 2016 | 2016-06-30 | 0.64 | 0.09 | +16.91% |
| Q1 2016 | 2016-03-31 | 0.54 | −0.01 | −1.75% |
| Q4 2015 | 2015-12-31 | 0.55 | 0.03 | +4.94% |
| Q3 2015 | 2015-09-30 | 0.53 | 0.21 | +67.30% |
| Q2 2015 | 2015-06-30 | 0.55 | 0.25 | +84.63% |
| Q1 2015 | 2015-03-31 | 0.55 | 0.26 | +91.93% |
| Q4 2014 | 2014-12-31 | 0.52 | 0.23 | +76.48% |
| Q3 2014 | 2014-09-30 | 0.32 | 0.00 | +1.47% |
| Q2 2014 | 2014-06-30 | 0.30 | −0.05 | −15.32% |
| Q1 2014 | 2014-03-31 | 0.29 | −0.08 | −21.36% |
| Q4 2013 | 2013-12-31 | 0.30 | −0.08 | −21.08% |
| Q3 2013 | 2013-09-30 | 0.31 | −0.03 | −9.05% |
| Q2 2013 | 2013-06-30 | 0.35 | −0.04 | −9.42% |
| Q1 2013 | 2013-03-31 | 0.37 | −0.00 | −0.05% |
| Q4 2012 | 2012-12-31 | 0.37 | −0.25 | −40.34% |
| Q3 2012 | 2012-09-30 | 0.34 | −0.13 | −26.88% |
| Q2 2012 | 2012-06-30 | 0.39 | −0.09 | −18.30% |
| Q1 2012 | 2012-03-31 | 0.37 | −0.11 | −23.72% |
| Q4 2011 | 2011-12-31 | 0.63 | 0.07 | +12.31% |
| Q3 2011 | 2011-09-30 | 0.47 | −0.11 | −18.27% |
| Q2 2011 | 2011-06-30 | 0.47 | −0.20 | −29.98% |
| Q1 2011 | 2011-03-31 | 0.48 | −0.16 | −25.02% |
| Q4 2010 | 2010-12-31 | 0.56 | −0.14 | −20.06% |
| Q3 2010 | 2010-09-30 | 0.58 | −0.17 | −22.91% |
| Q2 2010 | 2010-06-30 | 0.67 | −0.23 | −25.40% |
| Q1 2010 | 2010-03-31 | 0.64 | — | — |
| Q4 2009 | 2009-12-31 | 0.70 | −0.85 | −54.96% |
| Q3 2009 | 2009-09-30 | 0.75 | — | — |
| Q2 2009 | 2009-06-30 | 0.90 | — | — |
| Q4 2008 | 2008-12-31 | 1.55 | — | — |
Eli Lilly & debt-to-equity ratio trends
Over the last five fiscal years, Eli Lilly &'s debt-to-equity ratio decreased from 3.06 to 1.65, a change of −1.41. The latest reported quarter, Q2 2026, shows 1.62.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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