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Turn TherapeuticsTTRX -2.19%11 Debt-to-Equity is 8.91 as of Jun. 2026, which is 4850% above its 10-year median of 0.18. GuruFocus rates TTRX with a GF Score™ of 11/100. The stock has 1 warning sign investors should review. Among 955 Biotechnology companies, Turn Therapeutics ranks worse than 98.64% 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 Turn Therapeutics's Debt-to-Equity or its related term are showing as below:
TTRX'
s Debt-to-Equity Range Over the Past 10 Years
Min: -0.68 Med: 0.18 Max: 8.91
Current: 8.91
During the past 3 years, the highest Debt-to-Equity Ratio of Turn Therapeutics was 8.91. The lowest was -0.68. And the median was 0.18.
TTRX's Debt-to-Equity is ranked worse than 98.64% of 955
companies
in the Biotechnology industry
Industry Median: 0.16
vs TTRX: 8.91
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.
Turn Therapeutics Debt-to-Equity Related Terms
Turn Therapeutics Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Turn Therapeutics'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.
TTRX vs YDES, BCYC, FULC: Debt-to-Equity Comparison
For the Biotechnology subindustry, Turn Therapeutics'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.
Turn Therapeutics Debt-to-Equity vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Turn Therapeutics's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Turn Therapeutics'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.
Turn Therapeutics (TTRX) has a Debt-to-Equity of 8.91 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Turn Therapeutics and its competitors. This is 4850% above median its historical median of 0.18. According to the industry distribution chart, Turn Therapeutics ranks #942 out of 955 companies in the Biotechnology industry, placing it in the top 98.6%.
Is Turn Therapeutics' Debt-to-Equity too high?
Turn Therapeutics' current Debt-to-Equity of 8.91 is 4850% above median its 10-year median of 0.18. The Biotechnology industry median Debt-to-Equity is 0.16. Turn Therapeutics' value of 8.91 is 5468.8% above this industry median. Based on the distribution chart, Turn Therapeutics ranks #942 out of 955 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Turn Therapeutics has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Turn Therapeutics' Debt-to-Equity compare to YDES and BCYC?
According to the Biotechnology industry distribution chart, Turn Therapeutics ranks #942 out of 955 companies for Debt-to-Equity. This places Turn Therapeutics in the lower half of its industry. The industry median Debt-to-Equity is 0.16. Turn Therapeutics' value of 8.91 is 5468.8% above this benchmark. While the company's 10-year median is 0.18 vs. the industry median of 0.16, Turn Therapeutics has consistently been above 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 955 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. Turn Therapeutics's current Debt-to-Equity of 8.91 is 5468.8% above 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 Turn Therapeutics 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. Turn Therapeutics's current Debt-to-Equity is 8.91, which is 4850% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turn Therapeutics stock overvalued right now?
Turn Therapeutics (TTRX) has a current Debt-to-Equity of 8.91. The current Debt-to-Equity is 8.91, which is 4850% above median its 10-year median of 0.18 and 5468.8% above the Biotechnology industry median of 0.16. Turn Therapeutics' overall GF Score™ is 11/100 with 1 warning sign 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 Turn Therapeutics (TTRX), the current Debt-to-Equity is 8.91 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.
Turn Therapeutics Inc is a clinical-stage biotechnology and medical device development company built around its proprietary platform technology called PermaFusion designed to enhance drug performance. The company is developing non-systemic, non-biologic topical immunomodulators for inflammatory skin disease. Its program, GX-03, is being studied for moderate-to-severe eczema based on preclinical evidence of cytokine inhibition and reduced eczema severity, as well as a favorable real-world tolerability record from prior cleared medical device indications for the same formula. GX-03 is currently being evaluated in an ongoing, randomized, double-blind, vehicle-controlled clinical study designed to assess its potential as a topical treatment for moderate-to-severe eczema.
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