HMDCF (HUTCHMED (China)) Debt-to-Equity: 0.08 (As of Dec. 2025) — 14% Above Median

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.

HMDCF HUTCHMED (China) Ltd HMDCF
64 GF Score
Price $2.16
GF Value $3.76
Valuation Possible Value Trap
! 8 Warning Signs
View Full Analysis

What is HUTCHMED (China) Debt-to-Equity?

HUTCHMED (China) HMDCF 64 Debt-to-Equity is 0.08 as of Dec. 2025, which is 14% above its 10-year median of 0.07. GuruFocus rates HMDCF with a GF Score™ of 64/100 and a GF Value™ of $3.76 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 812 Drug Manufacturers companies, HUTCHMED (China) ranks better than 75.49% on this metric.

HUTCHMED (China)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $27.9 Mil. HUTCHMED (China)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $70.0 Mil. HUTCHMED (China)'s Total Stockholders Equity for the quarter that ended in Dec. 2025 was $1,237.9 Mil. HUTCHMED (China)'s debt to equity for the quarter that ended in Dec. 2025 was 0.08.

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 HUTCHMED (China)'s Debt-to-Equity or its related term are showing as below:

HMDCF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.07   Max: 0.25
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of HUTCHMED (China) was 0.25. The lowest was 0.04. And the median was 0.07.

HMDCF's Debt-to-Equity is ranked better than
75.49% of 812 companies
in the Drug Manufacturers industry
Industry Median: 0.27 vs HMDCF: 0.08

HUTCHMED (China)  (OTCPK:HMDCF) 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.


HUTCHMED (China) Debt-to-Equity Related Terms


HUTCHMED (China) Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for HUTCHMED (China)'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.

HUTCHMED (China) Debt-to-Equity Chart

HUTCHMED (China) 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 0.04 0.04 0.12 0.12 0.08

HUTCHMED (China) Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.12 0.11 0.12 0.08 0.08

HMDCF vs ZTS, UTHR, VTRS: Debt-to-Equity Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, HUTCHMED (China)'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.


HUTCHMED (China) Debt-to-Equity vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, HUTCHMED (China)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where HUTCHMED (China)'s Debt-to-Equity falls into.


HMDCF
64GF Score
HUTCHMED (China) Ltd HMDCF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HUTCHMED (China) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

HUTCHMED (China)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

HUTCHMED (China)'s Debt to Equity Ratio for the quarter that ended in Dec. 2025 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 0.08 mean?
HUTCHMED (China) (HMDCF) has a Debt-to-Equity of 0.08 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on HUTCHMED (China) and its competitors. This is 14% above median its historical median of 0.07. Over the past decade, HUTCHMED (China)'s Debt-to-Equity has ranged from 0.04 to 0.25. According to the industry distribution chart, HUTCHMED (China) ranks #199 out of 812 companies in the Drug Manufacturers industry, placing it in the top 24.5%.
Is HUTCHMED (China)'s Debt-to-Equity too high?
HUTCHMED (China)'s current Debt-to-Equity of 0.08 is 14% above median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.25. The Drug Manufacturers industry median Debt-to-Equity is 0.27. HUTCHMED (China)'s value of 0.08 is 70.4% below this industry median. Based on the distribution chart, HUTCHMED (China) ranks #199 out of 812 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, HUTCHMED (China) has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HUTCHMED (China)'s Debt-to-Equity compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, HUTCHMED (China) ranks #199 out of 812 companies for Debt-to-Equity. This places HUTCHMED (China) in the top 25% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.27. HUTCHMED (China)'s value of 0.08 is 70.4% below this benchmark. Historically, HUTCHMED (China)'s own Debt-to-Equity has ranged from 0.04 to 0.25 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.27, HUTCHMED (China) has consistently been below the industry average. 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 Drug Manufacturers company?
The median Debt-to-Equity among Drug Manufacturers companies is 0.27, based on 812 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. HUTCHMED (China)'s current Debt-to-Equity of 0.08 is 70.4% below the industry median. 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 HUTCHMED (China) and its competitors. For the Drug Manufacturers industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HUTCHMED (China)'s current Debt-to-Equity is 0.08, which is 14% above median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HUTCHMED (China) stock overvalued right now?
Based on GuruFocus' analysis, HUTCHMED (China) (HMDCF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.76, compared to a current price of $2.16 — trading 42.6% below its estimated fair value. The current Debt-to-Equity is 0.08, which is 14% above median its 10-year median of 0.07 and 70.4% below the Drug Manufacturers industry median of 0.27. HUTCHMED (China)'s overall GF Score™ is 64/100 with 8 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 HUTCHMED (China) (HMDCF), the current Debt-to-Equity is 0.08 as of Dec. 2025. 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.

Is HUTCHMED (China) (HMDCF) Overvalued in 2026?

Based on GuruFocus' analysis, HUTCHMED (China) stock appears to be undervalued. The current stock price of $2.16 is trading 42.6% below its estimated GF Value™ of $3.76. GuruFocus considers HUTCHMED (China) to be Possible Value Trap.

Key valuation signals for HMDCF:

  • Debt-to-Equity: 0.08 (14% above median its 10-year median of 0.07)
  • GF Value™: $3.76 vs. price of $2.16 (42.6% below fair value)
  • GF Score™: 64/100 with 8 warning signs
  • Industry Position: 70.4% below the Drug Manufacturers median (#199 of 812)

No single metric tells the full story. See the HMDCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HUTCHMED (China) Business Description

Address 2 Queen's Road Central, 48th Floor, Cheung Kong Center, Hong Kong, HKG
HUTCHMED (China) Ltd is a biopharmaceutical company engaged in the discovery, development, and commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. The company has a portfolio of several cancer drug candidates currently in clinical studies world-wide and an extensive commercial infrastructure in its home market, China. The company operates in two reportable segments: Oncology/Immunology and Other Ventures.
64GF Score

Get the complete analysis for HMDCF

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

$2.16
Price
$3.76
GF Value