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Sandoz Group AGXSWX:SDZ -3.88%11 Debt-to-Equity is 0.61 as of Dec. 2025, which is 9% above its 10-year median of 0.56. GuruFocus rates XSWX:SDZ with a GF Score™ of 11/100. The stock has 6 warning signs investors should review. Among 812 Drug Manufacturers companies, Sandoz Group AG ranks worse than 75.62% 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 Sandoz Group AG's Debt-to-Equity or its related term are showing as below:
XSWX:SDZ'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.56 Max: 0.61
Current: 0.61
During the past 4 years, the highest Debt-to-Equity Ratio of Sandoz Group AG was 0.61. The lowest was 0.04. And the median was 0.56.
XSWX:SDZ's Debt-to-Equity is ranked worse than 75.62% of 812
companies
in the Drug Manufacturers industry
Industry Median: 0.27
vs XSWX:SDZ: 0.61
Sandoz Group AG (XSWX:SDZ) Debt-to-Equity Explanation
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.
Sandoz Group AG Debt-to-Equity Related Terms
Sandoz Group AG Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Sandoz Group AG'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.
XSWX:SDZ vs ZTS, UTHR, VTRS: Debt-to-Equity Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Sandoz Group AG'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.
Sandoz Group AG Debt-to-Equity vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Sandoz Group AG's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sandoz Group AG'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.
Sandoz Group AG (XSWX:SDZ) has a Debt-to-Equity of 0.61 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sandoz Group AG and its competitors. This is near median its historical median of 0.56. Over the past decade, Sandoz Group AG's Debt-to-Equity has ranged from 0.04 to 0.61. According to the industry distribution chart, Sandoz Group AG ranks #614 out of 812 companies in the Drug Manufacturers industry, placing it in the top 75.6%.
Is Sandoz Group AG's Debt-to-Equity too high?
Sandoz Group AG's current Debt-to-Equity of 0.61 is near median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.61. The Drug Manufacturers industry median Debt-to-Equity is 0.27. Sandoz Group AG's value of 0.61 is 125.9% above this industry median. Based on the distribution chart, Sandoz Group AG ranks #614 out of 812 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Sandoz Group AG has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Sandoz Group AG's Debt-to-Equity compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Sandoz Group AG ranks #614 out of 812 companies for Debt-to-Equity. This places Sandoz Group AG in the lower half of its industry. The industry median Debt-to-Equity is 0.27. Sandoz Group AG's value of 0.61 is 125.9% above this benchmark. Historically, Sandoz Group AG's own Debt-to-Equity has ranged from 0.04 to 0.61 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.27, Sandoz Group AG 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 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. Sandoz Group AG's current Debt-to-Equity of 0.61 is 125.9% 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 Sandoz Group AG 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. Sandoz Group AG's current Debt-to-Equity is 0.61, which is near median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sandoz Group AG stock overvalued right now?
Sandoz Group AG (XSWX:SDZ) has a current Debt-to-Equity of 0.61. The current Debt-to-Equity is 0.61, which is near median its 10-year median of 0.56 and 125.9% above the Drug Manufacturers industry median of 0.27. Sandoz Group AG's overall GF Score™ is 11/100 with 6 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 Sandoz Group AG (XSWX:SDZ), the current Debt-to-Equity is 0.61 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.
Sandoz is one of the largest generic pharmaceutical manufacturers in the world, generating over $11 billion annually from off-patent drugs. Once part of Novartis, Sandoz spun off and went public in October 2023. Generics, including small molecules and complex injectables, make up roughly 75% of Sandoz's total sales, and the firm has a significant presence in Europe, the United States, and other key international markets. Sandoz generates its remaining sales from biosimilars and is among the leaders in the space. Sandoz launched Europe's first biosimilar, Omnitrope, in 2006, as well as the first US biosimilar, Zarxio, in 2015. It has over 10 launched biosimilars in a number of markets and over 20 assets in its pipeline.
11GF Score
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