Merck Debt to Equity Ratio 2012-2025 | MRK

Current and historical debt to equity ratio values for Merck (MRK) over the last 10 years. The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. Merck debt/equity for the three months ending December 31, 2025 was 0.77.
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Merck Debt/Equity Ratio Historical Data
Date Long Term Debt Shareholder's Equity Debt to Equity Ratio
2025-12-31 $0.00B 0.00
2025-09-30 $77.64B $51.91B 1.50
2025-06-30 $68.46B $49.06B 1.40
2025-03-31 $66.72B $48.40B 1.38
2024-12-31 $70.73B $46.37B 1.53
2024-09-30 $72.97B $44.56B 1.64
2024-06-30 $68.98B $43.65B 1.58
2024-03-31 $65.43B $40.42B 1.62
2023-12-31 $69.04B $37.64B 1.83
2023-09-30 $65.43B $41.30B 1.58
2023-06-30 $65.73B $38.74B 1.70
2023-03-31 $60.89B $46.91B 1.30
2022-12-31 $63.10B $46.06B 1.37
2022-09-30 $62.56B $44.52B 1.41
2022-06-30 $63.78B $43.32B 1.47
2022-03-31 $65.72B $40.95B 1.61
2021-12-31 $67.44B $38.26B 1.76
2021-09-30 $57.63B $35.86B 1.61
2021-06-30 $57.30B $33.39B 1.72
2021-03-31 $63.81B $27.04B 2.36
2020-12-31 $66.18B $25.40B 2.61
2020-09-30 $60.53B $29.27B 2.07
2020-06-30 $62.87B $27.74B 2.27
2020-03-31 $58.61B $26.30B 2.23
2019-12-31 $58.40B $26.00B 2.25
2019-09-30 $56.41B $26.93B 2.10
2019-06-30 $56.23B $27.74B 2.03
2019-03-31 $54.68B $27.67B 1.98
2018-12-31 $55.76B $26.88B 2.07
2018-09-30 $52.47B $32.66B 1.61
2018-06-30 $52.27B $32.77B 1.60
2018-03-31 $52.14B $33.90B 1.54
2017-12-31 $53.30B $34.57B 1.54
2017-09-30 $53.18B $38.50B 1.38
2017-06-30 $53.09B $39.71B 1.34
2017-03-31 $56.47B $40.09B 1.41
2016-12-31 $55.07B $40.31B 1.37
2016-09-30 $54.38B $43.96B 1.24
2016-06-30 $53.03B $43.45B 1.22
2016-03-31 $54.85B $43.90B 1.25
2015-12-31 $56.91B $44.77B 1.27
2015-09-30 $55.55B $45.68B 1.22
2015-06-30 $55.94B $46.64B 1.20
2015-03-31 $60.43B $47.92B 1.26
2014-12-31 $49.38B $48.79B 1.01
2014-09-30 $56.45B $45.36B 1.24
2014-06-30 $49.34B $48.52B 1.02
2014-03-31 $55.90B $52.56B 1.06
2013-12-31 $53.32B $52.33B 1.02
2013-09-30 $56.41B $50.01B 1.13
2013-06-30 $56.77B $50.11B 1.13
2013-03-31 $50.59B $55.61B 0.91
2012-12-31 $50.67B $55.46B 0.91
2012-09-30 $48.09B $58.21B 0.83
2012-06-30 $47.85B $57.67B 0.83
2012-03-31 $48.20B $57.31B 0.84
2011-12-31 $48.19B $56.94B 0.85
2011-09-30 $48.94B $57.60B 0.85
2011-06-30 $48.27B $57.92B 0.83
2011-03-31 $49.03B $56.84B 0.86
2010-12-31 $48.98B $56.81B 0.86
2010-09-30 $49.79B $58.05B 0.86
2010-06-30 $48.51B $57.67B 0.84
2010-03-31 $51.25B $60.34B 0.85
2009-12-31 $50.83B $61.49B 0.83
2009-09-30 $23.39B $25.35B 0.92
2009-06-30 $26.67B $22.74B 1.17
2009-03-31 $24.54B $22.00B 1.12
2008-12-31 $26.03B $21.17B 1.23
2008-09-30 $28.98B $19.57B 1.48
2008-06-30 $27.20B $20.26B 1.34
2008-03-31 $27.52B $19.52B 1.41
2007-12-31 $30.17B $18.19B 1.66
2007-09-30 $24.98B $20.72B 1.21
2007-06-30 $24.71B $19.47B 1.27
2007-03-31 $24.51B $18.48B 1.33
2006-12-31 $27.01B $17.56B 1.54
2006-09-30 $24.43B $19.29B 1.27
2006-06-30 $24.18B $19.30B 1.25
2006-03-31 $24.57B $18.85B 1.30
2005-12-31 $26.87B $17.98B 1.50
2005-09-30 $26.05B $17.78B 1.47
2005-06-30 $25.62B $17.39B 1.47
2005-03-31 $25.47B $17.65B 1.44
2004-12-31 $25.29B $17.29B 1.46
2004-09-30 $25.56B $17.31B 1.48
2004-06-30 $24.89B $16.97B 1.47
2004-03-31 $25.39B $16.27B 1.56
2003-12-31 $25.01B $15.58B 1.61
2003-09-30 $27.28B $15.31B 1.78
2003-06-30 $30.40B $19.61B 1.55
2003-03-31 $30.08B $18.88B 1.59
2002-12-31 $29.36B $18.20B 1.61
2002-09-30 $29.81B $17.53B 1.70
2002-06-30 $29.18B $16.78B 1.74
2002-03-31 $29.03B $16.45B 1.77
2001-12-31 $27.97B $16.05B 1.74
2001-09-30 $28.35B $15.36B 1.85
2001-06-30 $26.98B $14.77B 1.83
2001-03-31 $25.37B $14.86B 1.71
2000-12-31 $25.32B $14.83B 1.71
2000-09-30 $24.49B $13.52B 1.81
2000-06-30 $24.72B $12.72B 1.94
2000-03-31 $23.68B $12.10B 1.96
1999-12-31 $22.39B $13.24B 1.69
1999-09-30 $21.73B $12.86B 1.69
1999-06-30 $20.24B $12.98B 1.56
1999-03-31 $18.95B $13.34B 1.42
1998-12-31 $19.05B $12.80B 1.49
1998-09-30 $18.60B $12.56B 1.48
1998-06-30 $13.83B $13.66B 1.01
1998-03-31 $13.25B $13.15B 1.01
1997-12-31 $13.20B $12.61B 1.05
1997-09-30 $13.06B $12.83B 1.02
1997-06-30 $12.81B $12.82B 1.00
1997-03-31 $12.30B $12.43B 0.99
1996-12-31 $12.32B $11.97B 1.03
1996-09-30 $12.59B $11.40B 1.10
1996-06-30 $11.91B $11.33B 1.05
1996-03-31 $12.32B $11.66B 1.06
1995-12-31 $12.10B $11.74B 1.03
1995-09-30 $10.93B $11.52B 0.95
1995-06-30 $10.47B $11.36B 0.92
1995-03-31 $10.67B $11.05B 0.97
1994-12-31 $10.72B $11.14B 0.96
1994-09-30 $8.61B $11.26B 0.76
1994-06-30 $8.59B $10.87B 0.79
1994-03-31 $8.36B $10.42B 0.80
1993-12-31 $9.91B $10.02B 0.99
1993-09-30 $6.28B $5.27B 1.19
1993-06-30 $6.68B $4.93B 1.36
1993-03-31 $5.71B $5.17B 1.10
1992-12-31 $5.46B $5.00B 1.09
1992-09-30 $4.80B $5.47B 0.88
1992-06-30 $4.23B $5.31B 0.80
1992-03-31 $3.97B $5.11B 0.78
1991-12-31 $4.58B $4.92B 0.93
1991-09-30 $3.98B $4.65B 0.86
1991-06-30 $3.73B $4.37B 0.86
1991-03-31 $3.68B $4.06B 0.91
1990-12-31 $4.20B $3.83B 1.09
1990-09-30 $3.50B $3.73B 0.94
1990-06-30 $3.18B $3.69B 0.86
1990-03-31 $2.94B $3.49B 0.84
1989-12-31 $3.24B $3.52B 0.92
1989-09-30 $2.66B $3.34B 0.80
1989-06-30 $2.50B $3.14B 0.80
1989-03-31 $2.83B $3.05B 0.93
1988-12-31 $3.27B $2.86B 1.15
1988-09-30 $2.76B $2.67B 1.03
1988-06-30 $2.70B $2.49B 1.09
1988-03-31 $2.95B $2.28B 1.29
1987-12-31 $3.03B $2.12B 1.43
1987-09-30 $2.43B $2.89B 0.84
1987-06-30 $2.14B $2.87B 0.75
1987-03-31 $2.15B $2.71B 0.79
1986-12-31 $2.16B $2.54B 0.85
Sector Industry Market Cap Revenue
Medical Large Cap Pharmaceutical $301.342B $65.011B
Merck & Co. boasts more than six blockbuster drugs in its portfolio with PD-L1 inhibitor, Keytruda, approved for several types of cancer. Keytruda has played an instrumental role in driving Merck's steady revenue growth in the past few years. Well-known products in Merck's portfolio include Keytruda, Simponi , Januvia and Janumet, Bridion, Isentress, ProQuad, Gardasil, Pneumovax 23, RotaTeq and Belsomra. Merck made its biggest acquisition of Schering-Plough and sold off its Consumer Care business to Bayer. Other key acquisitions include Idenix Pharmaceuticals, Cubist Pharmaceuticals, Rigontec, ArQule and Acceleron Pharma. IMerck spun off products from its Women's Health unit, legacy drugs and biosimilar products into a new publicly traded company called Organon & Co.
Stock Name Country Market Cap PE Ratio
Eli Lilly (LLY) United States $981.092B 42.96
Johnson & Johnson (JNJ) United States $586.690B 22.54
AbbVie (ABBV) United States $409.150B 23.15
Roche Holding AG (RHHBY) Switzerland $372.740B 0.00
Novartis AG (NVS) Switzerland $344.536B 18.16
Novo Nordisk (NVO) Denmark $221.330B 12.68
Pfizer (PFE) United States $156.812B 8.54
Sanofi (SNY) France $112.219B 10.39
Bayer (BAYRY) Germany $53.369B 9.37
Innoviva (INVA) United States $1.697B 8.50