Pulmatrix (FRA:2PU) Debt-to-Equity: 0.00 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:2PU Pulmatrix Inc FRA:2PU
30 GF Score
Price €1.16
! 2 Warning Signs
View Full Analysis

What is Pulmatrix Debt-to-Equity?

Pulmatrix FRA:2PU -6.46% 30 Debt-to-Equity is 0.00 as of Jun. 2026. GuruFocus rates FRA:2PU with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 970 Biotechnology companies, Pulmatrix ranks worse than 103092.68% on this metric.

Pulmatrix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €0.00 Mil. Pulmatrix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €0.00 Mil. Pulmatrix's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €2.22 Mil. Pulmatrix's debt to equity for the quarter that ended in Jun. 2026 was 0.00.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Pulmatrix's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Pulmatrix was 0.66. The lowest was 0.00. And the median was 0.07.

FRA:2PU's Debt-to-Equity is not ranked *
in the Biotechnology industry.
Industry Median: 0.15
* Ranked among companies with meaningful Debt-to-Equity only.

Pulmatrix  (FRA:2PU) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Pulmatrix Debt-to-Equity Related Terms


Pulmatrix Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Pulmatrix's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pulmatrix Debt-to-Equity Chart

Pulmatrix Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.03 0.49 0.00 0.00

Pulmatrix Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

FRA:2PU vs KAPA, ACXP, ADIL: Debt-to-Equity Comparison

For the Biotechnology subindustry, Pulmatrix's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Pulmatrix Debt-to-Equity vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Pulmatrix's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pulmatrix's Debt-to-Equity falls into.


FRA:2PU
30GF Score
Pulmatrix Inc FRA:2PU
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pulmatrix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pulmatrix's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Pulmatrix's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.00 mean?
Pulmatrix (FRA:2PU) has a Debt-to-Equity of 0.00 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pulmatrix and its competitors. According to the industry distribution chart, Pulmatrix ranks #999999 out of 970 companies in the Biotechnology industry.
Is Pulmatrix's Debt-to-Equity too high?
Pulmatrix's current Debt-to-Equity is 0.00. Based on the distribution chart, Pulmatrix ranks #999999 out of 970 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Pulmatrix has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Pulmatrix's Debt-to-Equity compare to KAPA and ACXP?
According to the Biotechnology industry distribution chart, Pulmatrix ranks #999999 out of 970 companies for Debt-to-Equity. This places Pulmatrix in the lower half of its industry. The industry median Debt-to-Equity is 0.15. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Biotechnology company?
The median Debt-to-Equity among Biotechnology companies is 0.15, based on 970 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Pulmatrix and its competitors. For the Biotechnology industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pulmatrix's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pulmatrix stock overvalued right now?
Pulmatrix (FRA:2PU) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. Pulmatrix's overall GF Score™ is 30/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Pulmatrix (FRA:2PU), the current Debt-to-Equity is 0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pulmatrix Business Description

Other Exchanges PULM:USA
Address 945 Concord Street, Suite 1217, Framingham, MA, USA, 01701
Pulmatrix Inc is a biopharmaceutical company focused on the development of novel inhaled therapeutic products intended to prevent and treat migraine and respiratory diseases with important unmet medical needs using its patented dry powder delivery technology, iSPERSE. Its pipeline of clinical assets includes PUR3100 for the treatment of acute migraine, PUR1800 for the treatment of acute exacerbations of chronic obstructive pulmonary disease (AECOPD), and PUR1900 for the treatment of ABPA in patients with asthma and in patients with cystic fibrosis (CF).
30GF Score

Get the complete analysis for FRA:2PU

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.16
Price