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Waystar HoldingWAY -3.32%14 Debt-to-Equity is 0.38 as of Mar. 2026, which is 7% below its 10-year median of 0.41. GuruFocus rates WAY with a GF Score™ of 14/100. The stock has 3 warning signs investors should review. Among 557 Healthcare Providers & Services companies, Waystar Holding ranks better than 51.89% 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 Waystar Holding's Debt-to-Equity or its related term are showing as below:
WAY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.41 Max: 1.12
Current: 0.38
During the past 5 years, the highest Debt-to-Equity Ratio of Waystar Holding was 1.12. The lowest was 0.38. And the median was 0.41.
WAY's Debt-to-Equity is ranked better than 51.89% of 557
companies
in the Healthcare Providers & Services industry
Industry Median: 0.4
vs WAY: 0.38
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.
Waystar Holding Debt-to-Equity Related Terms
Waystar Holding Debt-to-Equity Historical Data
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The historical data trend for Waystar Holding'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.
WAY vs DOCS, PRVA, HTFL: Debt-to-Equity Comparison
For the Health Information Services subindustry, Waystar Holding'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.
Waystar Holding Debt-to-Equity vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Waystar Holding's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Waystar Holding'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.
Waystar Holding (WAY) has a Debt-to-Equity of 0.38 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Waystar Holding and its competitors. This is near median its historical median of 0.41. Over the past decade, Waystar Holding's Debt-to-Equity has ranged from 0.38 to 1.12. According to the industry distribution chart, Waystar Holding ranks #268 out of 557 companies in the Healthcare Providers & Services industry, placing it in the top 48.1%.
Is Waystar Holding's Debt-to-Equity too high?
Waystar Holding's current Debt-to-Equity of 0.38 is near median its 10-year median of 0.41. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.12. The Healthcare Providers & Services industry median Debt-to-Equity is 0.40. Waystar Holding's value of 0.38 is 5% below this industry median. Based on the distribution chart, Waystar Holding ranks #268 out of 557 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Waystar Holding has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Waystar Holding's Debt-to-Equity compare to DOCS and PRVA?
According to the Healthcare Providers & Services industry distribution chart, Waystar Holding ranks #268 out of 557 companies for Debt-to-Equity. This puts Waystar Holding in the upper half of its industry. The industry median Debt-to-Equity is 0.40. Waystar Holding's value of 0.38 is 5% below this benchmark. Historically, Waystar Holding's own Debt-to-Equity has ranged from 0.38 to 1.12 over the past decade. While the company's 10-year median is 0.41 vs. the industry median of 0.40, Waystar Holding 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 Healthcare Providers & Services company?
The median Debt-to-Equity among Healthcare Providers & Services companies is 0.40, based on 557 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. Waystar Holding's current Debt-to-Equity of 0.38 is 5% 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 Waystar Holding and its competitors. For the Healthcare Providers & Services industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waystar Holding's current Debt-to-Equity is 0.38, which is near median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waystar Holding stock overvalued right now?
Waystar Holding (WAY) has a current Debt-to-Equity of 0.38. The current Debt-to-Equity is 0.38, which is near median its 10-year median of 0.41 and 5% below the Healthcare Providers & Services industry median of 0.40. Waystar Holding's overall GF Score™ is 14/100 with 3 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 Waystar Holding (WAY), the current Debt-to-Equity is 0.38 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.
Waystar Holding Corp is a provider of mission-critical cloud technology to healthcare organizations. Its enterprise-grade platform transforms the complex and disparate processes comprising healthcare payments received by healthcare providers from payers and patients, from pre-service engagement through post-service remittance and reconciliation. its platform enhances data integrity, eliminates manual tasks, and improves claim and billing accuracy, which results in transparency, reduced labor costs, and faster, more accurate reimbursement and cash flow. The market for solutions extends throughout the United States and includes Puerto Rico and other USA Territories.
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