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Zelluna ASAOSTO:ULTIO 28 Debt-to-Equity is 0.01 as of Mar. 2026, which is at its 10-year median of 0.01. GuruFocus rates OSTO:ULTIO with a GF Score™ of 28/100. The stock has 2 warning signs investors should review. Among 971 Biotechnology companies, Zelluna ASA ranks better than 99.9% on this metric.
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 Zelluna ASA's Debt-to-Equity or its related term are showing as below:
OSTO:ULTIo'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.03
Current: 0.01
During the past 11 years, the highest Debt-to-Equity Ratio of Zelluna ASA was 0.03. The lowest was 0.00. And the median was 0.01.
OSTO:ULTIo's Debt-to-Equity is ranked better than 99.9% of 971
companies
in the Biotechnology industry
Industry Median: 0.16
vs OSTO:ULTIo: 0.01
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.
Zelluna ASA Debt-to-Equity Related Terms
Zelluna ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Zelluna ASA'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.
OSTO:ULTIO vs VRTX, REGN, RVMD: Debt-to-Equity Comparison
For the Biotechnology subindustry, Zelluna ASA'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.
Zelluna ASA Debt-to-Equity vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Zelluna ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Zelluna ASA's Debt-to-Equity falls into.
* 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.
Zelluna ASA (OSTO:ULTIO) has a Debt-to-Equity of 0.01 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zelluna ASA and its competitors. This is near median its historical median of 0.01. According to the industry distribution chart, Zelluna ASA ranks #1 out of 971 companies in the Biotechnology industry, placing it in the top 0.099999999999994%.
Is Zelluna ASA's Debt-to-Equity too high?
Zelluna ASA's current Debt-to-Equity of 0.01 is near median its 10-year median of 0.01. The Biotechnology industry median Debt-to-Equity is 0.16. Zelluna ASA's value of 0.01 is 93.8% below this industry median. Based on the distribution chart, Zelluna ASA ranks #1 out of 971 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Zelluna ASA has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Zelluna ASA's Debt-to-Equity compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Zelluna ASA ranks #1 out of 971 companies for Debt-to-Equity. This places Zelluna ASA in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.16. Zelluna ASA's value of 0.01 is 93.8% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.16, Zelluna ASA 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 Biotechnology company?
The median Debt-to-Equity among Biotechnology companies is 0.16, based on 971 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. Zelluna ASA's current Debt-to-Equity of 0.01 is 93.8% 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 Zelluna ASA and its competitors. For the Biotechnology industry, the median Debt-to-Equity is 0.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zelluna ASA's current Debt-to-Equity is 0.01, which is near median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zelluna ASA stock overvalued right now?
Zelluna ASA (OSTO:ULTIO) has a current Debt-to-Equity of 0.01. The current Debt-to-Equity is 0.01, which is near median its 10-year median of 0.01 and 93.8% below the Biotechnology industry median of 0.16. Zelluna ASA's overall GF Score™ is 28/100 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 Zelluna ASA (OSTO:ULTIO), the current Debt-to-Equity is 0.01 as of Mar. 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.
Zelluna ASA is a biotechnology company established to eliminate solid cancers by unleashing the powerful elements of the immune system through pioneering the development of T cell receptor (TCR) guided natural killer (NK) cell therapies (TCR-NK). Its TCR-NK products are composed of healthy donor-derived NK cells that are genetically engineered to express a tumour-specific TCR that enable the TCR-NK cells to identify and eliminate cancer cells in the body of the patient. Its programme ZI-MA4-1, the first MAGE-A4-targeting TCR-NK therapy for solid tumours with high unmet medical need. Its other programmes include ZI-KL1-1, and ZI-PR-1.
28GF Score
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