NovoCure annual debt-to-equity ratio
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2025
NovoCure Debt-to-Equity Ratio Growth & History (NVCR)
NovoCure's debt-to-equity ratio was 0.73 for fiscal 2025.
View full NovoCure company overviewNovoCure annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.73 | −1.17 | −61.55% |
| 2024 | 2024-12-31 | 1.90 | 0.23 | +13.78% |
| 2023 | 2023-12-31 | 1.67 | 0.33 | +24.67% |
| 2022 | 2022-12-31 | 1.34 | −0.08 | −5.65% |
| 2021 | 2021-12-31 | 1.42 | 0.47 | +49.88% |
| 2020 | 2020-12-31 | 0.95 | 0.17 | +22.46% |
| 2019 | 2019-12-31 | 0.77 | −0.56 | −41.93% |
| 2018 | 2018-12-31 | 1.33 | 0.47 | +55.11% |
| 2017 | 2017-12-31 | 0.86 | 0.18 | +26.74% |
| 2016 | 2016-12-31 | 0.68 | 0.58 | +632.68% |
| 2015 | 2015-12-31 | 0.09 | 0.09 | — |
| 2014 | 2014-12-31 | 0.00 | — | — |
NovoCure quarterly debt-to-equity ratio
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Q3.15
Q4.15
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Q1.17
Q2.17
Q3.17
Q4.17
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Q2.18
Q3.18
Q4.18
Q1.19
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Q4.19
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Q1.21
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Q3.22
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.11 | −1.61 | −93.56% |
| Q1 2026 | 2026-03-31 | 0.12 | −1.54 | −92.79% |
| Q4 2025 | 2025-12-31 | 0.73 | −1.17 | −61.55% |
| Q3 2025 | 2025-09-30 | 1.77 | 0.16 | +10.23% |
| Q2 2025 | 2025-06-30 | 1.72 | 1.66 | +2770.88% |
| Q1 2025 | 2025-03-31 | 1.66 | −0.00 | −0.05% |
| Q4 2024 | 2024-12-31 | 1.90 | 0.23 | +13.78% |
| Q3 2024 | 2024-09-30 | 1.60 | 0.10 | +6.99% |
| Q2 2024 | 2024-06-30 | 0.06 | −1.35 | −95.75% |
| Q1 2024 | 2024-03-31 | 1.66 | 0.30 | +22.09% |
| Q4 2023 | 2023-12-31 | 1.67 | 0.33 | +24.67% |
| Q3 2023 | 2023-09-30 | 1.50 | 0.20 | +15.19% |
| Q2 2023 | 2023-06-30 | 1.41 | 0.11 | +8.14% |
| Q1 2023 | 2023-03-31 | 1.36 | 0.03 | +2.34% |
| Q4 2022 | 2022-12-31 | 1.34 | −0.08 | −5.65% |
| Q3 2022 | 2022-09-30 | 1.30 | −0.09 | −6.16% |
| Q2 2022 | 2022-06-30 | 1.31 | −0.13 | −9.31% |
| Q1 2022 | 2022-03-31 | 1.33 | −0.21 | −13.80% |
| Q4 2021 | 2021-12-31 | 1.42 | 0.47 | +49.88% |
| Q3 2021 | 2021-09-30 | 1.39 | 1.34 | +3154.72% |
| Q2 2021 | 2021-06-30 | 1.44 | 0.83 | +136.53% |
| Q1 2021 | 2021-03-31 | 1.54 | 0.87 | +128.64% |
| Q4 2020 | 2020-12-31 | 0.95 | 0.17 | +22.46% |
| Q3 2020 | 2020-09-30 | 0.04 | −0.82 | −95.09% |
| Q2 2020 | 2020-06-30 | 0.61 | −0.43 | −41.28% |
| Q1 2020 | 2020-03-31 | 0.67 | −0.63 | −48.19% |
| Q4 2019 | 2019-12-31 | 0.77 | −0.56 | −41.93% |
| Q3 2019 | 2019-09-30 | 0.87 | −0.43 | −33.24% |
| Q2 2019 | 2019-06-30 | 1.04 | −0.29 | −22.05% |
| Q1 2019 | 2019-03-31 | 1.30 | −0.11 | −7.64% |
| Q4 2018 | 2018-12-31 | 1.33 | 0.47 | +55.11% |
| Q3 2018 | 2018-09-30 | 1.30 | 0.47 | +56.11% |
| Q2 2018 | 2018-06-30 | 1.33 | 0.51 | +61.70% |
| Q1 2018 | 2018-03-31 | 1.41 | 0.66 | +87.77% |
| Q4 2017 | 2017-12-31 | 0.86 | 0.18 | +26.74% |
| Q3 2017 | 2017-09-30 | 0.83 | 0.23 | +37.14% |
| Q2 2017 | 2017-06-30 | 0.82 | 0.70 | +559.67% |
| Q1 2017 | 2017-03-31 | 0.75 | 0.64 | +611.45% |
| Q4 2016 | 2016-12-31 | 0.68 | 0.58 | +632.68% |
| Q3 2016 | 2016-09-30 | 0.61 | 0.40 | +199.42% |
| Q2 2016 | 2016-06-30 | 0.12 | — | — |
| Q1 2016 | 2016-03-31 | 0.11 | — | — |
| Q4 2015 | 2015-12-31 | 0.09 | 0.09 | — |
| Q3 2015 | 2015-09-30 | 0.20 | — | — |
| Q4 2014 | 2014-12-31 | 0.00 | — | — |
NovoCure debt-to-equity ratio trends
Over the last five fiscal years, NovoCure's debt-to-equity ratio decreased from 0.95 to 0.73, a change of −0.22. The latest reported quarter, Q2 2026, shows 0.11.
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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