Boston Scientific total debt 1991–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Boston Scientific's total debt was 11.95B USD on 30 September 2026, down 0.8% on a year before. At the end of fiscal year 2025 it was 11.85B USD.
Last updated 7 Nov 2026 · Next report 3 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 11.95B | -0.77% | 609.00M | -11.34B | 0.47 |
| FY2025 | 31 Dec 2025 | 11.85B | +6.28% | 2.05B | -9.80B | 0.49 |
| FY2024 | 31 Dec 2024 | 11.15B | +17.44% | 414.00M | -10.73B | 0.51 |
| FY2023 | 31 Dec 2023 | 9.49B | +2.26% | 865.00M | -8.63B | 0.49 |
| FY2022 | 31 Dec 2022 | 9.28B | -1.79% | 928.00M | -8.35B | 0.53 |
| FY2021 | 31 Dec 2021 | 9.45B | -0.92% | 1.93B | -7.53B | 0.57 |
| FY2020 | 31 Dec 2020 | 9.54B | -7.18% | 1.73B | -7.81B | 0.62 |
| FY2019 | 31 Dec 2019 | 10.28B | +46.19% | 217.00M | -10.06B | 0.74 |
| FY2018 | 31 Dec 2018 | 7.03B | +26.03% | 146.00M | -6.88B | 0.81 |
| FY2017 | 31 Dec 2017 | 5.58B | +1.71% | 188.00M | -5.39B | 0.80 |
| FY2016 | 31 Dec 2016 | 5.48B | -3.40% | 196.00M | -5.29B | 0.81 |
| FY2015 | 31 Dec 2015 | 5.68B | +33.20% | 319.00M | -5.36B | 0.90 |
| FY2014 | 31 Dec 2014 | 4.26B | +0.52% | 587.00M | -3.68B | 0.62 |
| FY2013 | 31 Dec 2013 | 4.24B | -0.38% | 217.00M | -4.02B | 0.65 |
| FY2012 | 31 Dec 2012 | 4.26B | -0.12% | 207.00M | -4.05B | 0.62 |
| FY2011 | 31 Dec 2011 | 4.26B | -21.64% | 267.00M | -3.99B | 0.38 |
| FY2010 | 31 Dec 2010 | 5.44B | -8.11% | 213.00M | -5.23B | 0.48 |
| FY2009 | 31 Dec 2009 | 5.92B | -12.26% | 864.00M | -5.05B | 0.48 |
| FY2008 | 31 Dec 2008 | 6.75B | -17.63% | 1.64B | -5.10B | 0.51 |
| FY2007 | 31 Dec 2007 | 8.19B | -8.01% | 1.45B | -6.74B | 0.54 |
| FY2006 | 31 Dec 2006 | 8.90B | +340.69% | 1.67B | -7.23B | 0.58 |
| FY2005 | 31 Dec 2005 | 2.02B | -14.66% | 848.00M | -1.17B | 0.47 |
| FY2004 | 31 Dec 2004 | 2.37B | +37.22% | 1.64B | -727.00M | 0.59 |
| FY2003 | 31 Dec 2003 | 1.73B | +84.49% | 671.00M | -1.05B | 0.60 |
| FY2002 | 31 Dec 2002 | 935.00M | -22.34% | 277.00M | -658.00M | 0.38 |
| FY2001 | 31 Dec 2001 | 1.20B | +44.36% | 185.00M | -1.02B | 0.60 |
| FY2000 | 31 Dec 2000 | 834.00M | -34.74% | 60.00M | -774.00M | 0.43 |
| FY1999 | 31 Dec 1999 | 1.28B | -46.56% | 78.00M | -1.20B | 0.74 |
| FY1998 | 31 Dec 1998 | 2.39B | +384.56% | 70.30M | -2.32B | 2.91 |
| FY1997 | 31 Dec 1997 | 493.50M | +71.47% | 58.00M | -435.50M | 0.50 |
| FY1996 | 31 Dec 1996 | 287.80M | +305.35% | 58.50M | -229.30M | 0.31 |
| FY1995 | 31 Dec 1995 | 71.00M | +64.73% | 115.00M | 44.00M | 0.09 |
| FY1994 | 31 Dec 1994 | 43.10M | +21.41% | 90.10M | 47.00M | 0.13 |
| FY1993 | 31 Dec 1993 | 35.50M | +36.02% | 60.80M | 25.30M | 0.14 |
| FY1992 | 31 Dec 1992 | 26.10M | +3.57% | 95.40M | 69.30M | 0.10 |
| FY1991 | 31 Dec 1991 | 25.20M | — | 5.90M | -19.30M | 0.28 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 11.95B | -0.77% | 609.00M | -11.34B | 0.47 |
| Q2 FY2026 | 30 Jun 2026 | 12.62B | +4.96% | 539.00M | -12.09B | 0.51 |
| Q1 FY2026 | 31 Mar 2026 | 11.03B | -5.80% | 1.52B | -9.51B | 0.43 |
| Q4 FY2025 | 31 Dec 2025 | 11.85B | +6.28% | 2.05B | -9.80B | 0.49 |
| Q3 FY2025 | 30 Sept 2025 | 12.05B | +7.00% | 1.28B | -10.77B | 0.51 |
| Q2 FY2025 | 30 Jun 2025 | 12.03B | +9.98% | 534.00M | -11.49B | 0.54 |
| Q1 FY2025 | 31 Mar 2025 | 11.71B | +6.43% | 725.00M | -10.98B | 0.53 |
| Q4 FY2024 | 31 Dec 2024 | 11.15B | +17.44% | 414.00M | -10.73B | 0.51 |
| Q3 FY2024 | 30 Sept 2024 | 11.26B | +21.07% | 2.50B | -8.76B | 0.54 |
| Q2 FY2024 | 30 Jun 2024 | 10.94B | +15.68% | 2.91B | -8.02B | 0.54 |
| Q1 FY2024 | 31 Mar 2024 | 11.00B | +17.47% | 2.33B | -8.67B | 0.55 |
| Q4 FY2023 | 31 Dec 2023 | 9.49B | +2.26% | 865.00M | -8.63B | 0.49 |
| Q3 FY2023 | 30 Sept 2023 | 9.30B | +4.09% | 952.00M | -8.35B | 0.49 |
| Q2 FY2023 | 30 Jun 2023 | 9.45B | +1.36% | 426.00M | -9.03B | 0.52 |
| Q1 FY2023 | 31 Mar 2023 | 9.37B | -3.28% | 570.00M | -8.80B | 0.52 |
| Q4 FY2022 | 31 Dec 2022 | 9.28B | -1.79% | 928.00M | -8.35B | 0.53 |
| Q3 FY2022 | 30 Sept 2022 | 8.93B | -5.55% | 338.00M | -8.60B | 0.51 |
| Q2 FY2022 | 30 Jun 2022 | 9.33B | -1.45% | 276.00M | -9.05B | 0.54 |
| Q1 FY2022 | 31 Mar 2022 | 9.68B | +2.54% | 325.00M | -9.36B | 0.58 |
| Q4 FY2021 | 31 Dec 2021 | 9.45B | -0.92% | 1.93B | -7.53B | 0.57 |
| Q3 FY2021 | 30 Sept 2021 | 9.46B | +1.37% | 1.95B | -7.51B | 0.57 |
| Q2 FY2021 | 30 Jun 2021 | 9.46B | -3.32% | 2.68B | -6.79B | 0.59 |
| Q1 FY2021 | 31 Mar 2021 | 9.44B | -10.89% | 2.02B | -7.43B | 0.60 |
| Q4 FY2020 | 31 Dec 2020 | 9.54B | -7.18% | 1.73B | -7.81B | 0.62 |
| Q3 FY2020 | 30 Sept 2020 | 9.33B | -14.18% | 2.02B | -7.31B | 0.60 |
| Q2 FY2020 | 30 Jun 2020 | 9.79B | +2.77% | 1.72B | -8.07B | 0.63 |
| Q1 FY2020 | 31 Mar 2020 | 10.60B | +15.03% | 370.00M | -10.23B | 0.77 |
| Q4 FY2019 | 31 Dec 2019 | 10.28B | +46.19% | 217.00M | -10.06B | 0.74 |
| Q3 FY2019 | 30 Sept 2019 | 10.87B | +64.79% | 277.00M | -10.60B | 1.12 |
| Q2 FY2019 | 30 Jun 2019 | 9.53B | +47.42% | 123.00M | -9.40B | 1.01 |
| Q1 FY2019 | 31 Mar 2019 | 9.21B | +60.77% | 139.00M | -9.07B | 1.00 |
| Q4 FY2018 | 31 Dec 2018 | 7.03B | +26.03% | 146.00M | -6.88B | 0.81 |
| Q3 FY2018 | 30 Sept 2018 | 6.60B | +16.12% | 168.00M | -6.43B | 0.80 |
| Q2 FY2018 | 30 Jun 2018 | 6.46B | +10.73% | 208.00M | -6.25B | 0.83 |
| Q1 FY2018 | 31 Mar 2018 | 5.73B | +3.92% | 287.00M | -5.44B | 0.82 |
| Q4 FY2017 | 31 Dec 2017 | 5.58B | +1.71% | 188.00M | -5.39B | 0.80 |
| Q3 FY2017 | 30 Sept 2017 | 5.68B | +4.74% | 210.00M | -5.47B | 0.75 |
| Q2 FY2017 | 30 Jun 2017 | 5.84B | +7.52% | 195.00M | -5.64B | 0.81 |
| Q1 FY2017 | 31 Mar 2017 | 5.51B | -2.87% | 156.00M | -5.36B | 0.78 |
| Q4 FY2016 | 31 Dec 2016 | 5.48B | -3.40% | 196.00M | -5.29B | 0.81 |
| Q3 FY2016 | 30 Sept 2016 | 5.43B | -7.41% | 237.00M | -5.19B | 0.84 |
| Q2 FY2016 | 30 Jun 2016 | 5.43B | +6.16% | 438.00M | -4.99B | 0.87 |
| Q1 FY2016 | 31 Mar 2016 | 5.68B | +33.01% | 338.00M | -5.34B | 0.88 |
| Q4 FY2015 | 31 Dec 2015 | 5.68B | +33.20% | 319.00M | -5.36B | 0.90 |
| Q3 FY2015 | 30 Sept 2015 | 5.86B | +37.79% | 350.00M | -5.51B | 0.91 |
| Q2 FY2015 | 30 Jun 2015 | 5.11B | +20.14% | 903.00M | -4.21B | 0.78 |
| Q1 FY2015 | 31 Mar 2015 | 4.27B | +0.45% | 242.00M | -4.03B | 0.66 |
| Q4 FY2014 | 31 Dec 2014 | 4.26B | +0.52% | 587.00M | -3.68B | 0.62 |
| Q3 FY2014 | 30 Sept 2014 | 4.25B | +0.07% | 246.00M | -4.01B | 0.63 |
| Q2 FY2014 | 30 Jun 2014 | 4.26B | +0.07% | 357.00M | -3.90B | 0.65 |
| Q1 FY2014 | 31 Mar 2014 | 4.25B | -0.12% | 191.00M | -4.06B | 0.65 |
| Q4 FY2013 | 31 Dec 2013 | 4.24B | -0.38% | 217.00M | -4.02B | 0.65 |
| Q3 FY2013 | 30 Sept 2013 | 4.25B | -0.14% | 571.00M | -3.68B | 0.65 |
| Q2 FY2013 | 30 Jun 2013 | 4.25B | -0.12% | 530.00M | -3.72B | 0.64 |
| Q1 FY2013 | 31 Mar 2013 | 4.25B | -0.12% | 268.00M | -3.99B | 0.65 |
| Q4 FY2012 | 31 Dec 2012 | 4.26B | -0.12% | 207.00M | -4.05B | 0.62 |
| Q3 FY2012 | 30 Sept 2012 | 4.26B | -0.19% | 352.00M | -3.90B | 0.63 |
| Q2 FY2012 | 30 Jun 2012 | 4.26B | +1.33% | 371.00M | -3.89B | 0.54 |
| Q1 FY2012 | 31 Mar 2012 | 4.26B | -13.51% | 284.00M | -3.98B | 0.37 |
| Q4 FY2011 | 31 Dec 2011 | 4.26B | -21.64% | 267.00M | -3.99B | 0.38 |
| Q3 FY2011 | 30 Sept 2011 | 4.26B | -29.39% | 276.00M | -3.99B | 0.37 |
| Q2 FY2011 | 30 Jun 2011 | 4.20B | -30.37% | 154.00M | -4.05B | 0.36 |
| Q1 FY2011 | 31 Mar 2011 | 4.92B | -16.84% | 595.00M | -4.33B | 0.43 |
| Q4 FY2010 | 31 Dec 2010 | 5.44B | -8.11% | 213.00M | -5.23B | 0.48 |
| Q3 FY2010 | 30 Sept 2010 | 6.04B | +0.12% | 624.00M | -5.41B | 0.55 |
| Q2 FY2010 | 30 Jun 2010 | 6.03B | -3.47% | 811.00M | -5.22B | 0.55 |
| Q1 FY2010 | 31 Mar 2010 | 5.92B | -5.22% | 519.00M | -5.40B | 0.55 |
| Q4 FY2009 | 31 Dec 2009 | 5.92B | -12.26% | 864.00M | -5.05B | 0.48 |
| Q3 FY2009 | 30 Sept 2009 | 6.03B | -13.87% | 1.38B | -4.65B | 0.44 |
| Q2 FY2009 | 30 Jun 2009 | 6.25B | -14.21% | 1.19B | -5.06B | 0.47 |
| Q1 FY2009 | 31 Mar 2009 | 6.25B | -17.46% | 897.00M | -5.35B | 0.47 |
| Q4 FY2008 | 31 Dec 2008 | 6.75B | -17.63% | 1.64B | -5.10B | 0.51 |
| Q3 FY2008 | 30 Sept 2008 | 7.00B | -14.17% | 1.73B | -5.27B | 0.45 |
| Q2 FY2008 | 30 Jun 2008 | 7.29B | -18.18% | 1.62B | -5.67B | 0.47 |
| Q1 FY2008 | 31 Mar 2008 | 7.57B | -15.01% | 1.74B | -5.83B | 0.49 |
| Q4 FY2007 | 31 Dec 2007 | 8.19B | -8.01% | 1.45B | -6.74B | 0.54 |
| Q3 FY2007 | 30 Sept 2007 | 8.16B | -8.33% | 1.24B | -6.92B | 0.53 |
| Q2 FY2007 | 30 Jun 2007 | 8.90B | +0.07% | 1.51B | -7.39B | 0.56 |
| Q1 FY2007 | 31 Mar 2007 | 8.91B | +237.06% | 1.34B | -7.57B | 0.57 |
| Q4 FY2006 | 31 Dec 2006 | 8.90B | +340.69% | 1.67B | -7.23B | 0.58 |
| Q3 FY2006 | 30 Sept 2006 | 8.90B | +253.94% | 1.54B | -7.36B | 0.59 |
| Q2 FY2006 | 30 Jun 2006 | 8.90B | +332.78% | 1.16B | -7.74B | 0.60 |
| Q1 FY2006 | 31 Mar 2006 | 2.64B | +71.00% | 1.08B | -1.56B | 0.57 |
| Q4 FY2005 | 31 Dec 2005 | 2.02B | -14.66% | 848.00M | -1.17B | 0.47 |
| Q3 FY2005 | 30 Sept 2005 | 2.51B | +0.72% | 917.00M | -1.60B | 0.64 |
| Q2 FY2005 | 30 Jun 2005 | 2.06B | -19.50% | 883.00M | -1.17B | 0.49 |
| Q1 FY2005 | 31 Mar 2005 | 1.55B | -7.76% | 956.00M | -589.00M | 0.35 |
| Q4 FY2004 | 31 Dec 2004 | 2.37B | +37.22% | 1.64B | -727.00M | 0.59 |
| Q3 FY2004 | 30 Sept 2004 | 2.50B | +52.20% | 1.54B | -954.00M | 0.62 |
| Q2 FY2004 | 30 Jun 2004 | 2.55B | +92.75% | 1.26B | -1.29B | 0.69 |
| Q1 FY2004 | 31 Mar 2004 | 1.68B | +33.89% | 615.00M | -1.06B | 0.52 |
| Q4 FY2003 | 31 Dec 2003 | 1.73B | +84.49% | 671.00M | -1.05B | 0.60 |
| Q3 FY2003 | 30 Sept 2003 | 1.64B | +48.01% | 537.00M | -1.10B | 0.64 |
| Q2 FY2003 | 30 Jun 2003 | 1.33B | +13.15% | 410.00M | -915.00M | 0.50 |
| Q1 FY2003 | 31 Mar 2003 | 1.25B | +0.64% | 294.00M | -957.00M | 0.51 |
| Q4 FY2002 | 31 Dec 2002 | 935.00M | -22.34% | 277.00M | -658.00M | 0.38 |
| Q3 FY2002 | 30 Sept 2002 | 1.11B | -8.20% | 259.00M | -849.00M | 0.48 |
| Q2 FY2002 | 30 Jun 2002 | 1.17B | +4.18% | 144.00M | -1.03B | 0.56 |
| Q1 FY2002 | 31 Mar 2002 | 1.24B | +36.89% | 201.00M | -1.04B | 0.59 |
| Q4 FY2001 | 31 Dec 2001 | 1.20B | +44.36% | 185.00M | -1.02B | 0.60 |
| Q3 FY2001 | 30 Sept 2001 | 1.21B | +40.35% | 99.00M | -1.11B | 0.65 |
| Q2 FY2001 | 30 Jun 2001 | 1.12B | +11.29% | 83.00M | -1.04B | 0.63 |
| Q1 FY2001 | 31 Mar 2001 | 908.00M | -23.18% | 84.00M | -824.00M | 0.46 |
| Q4 FY2000 | 31 Dec 2000 | 834.00M | -34.74% | 60.00M | -774.00M | 0.43 |
| Q3 FY2000 | 30 Sept 2000 | 860.00M | -34.85% | 50.00M | -810.00M | 0.44 |
| Q2 FY2000 | 30 Jun 2000 | 1.01B | -35.38% | 44.00M | -966.00M | 0.54 |
| Q1 FY2000 | 31 Mar 2000 | 1.18B | -48.32% | 79.00M | -1.10B | 0.66 |
| Q4 FY1999 | 31 Dec 1999 | 1.28B | -46.56% | 78.00M | -1.20B | 0.74 |
| Q3 FY1999 | 30 Sept 1999 | 1.32B | -49.96% | 72.00M | -1.25B | 0.75 |
| Q2 FY1999 | 30 Jun 1999 | 1.56B | +170.27% | 74.00M | -1.49B | 0.94 |
| Q1 FY1999 | 31 Mar 1999 | 2.29B | +299.41% | 114.00M | -2.17B | 2.48 |
| Q4 FY1998 | 31 Dec 1998 | 2.39B | +384.56% | 70.30M | -2.32B | 2.91 |
| Q3 FY1998 | 30 Sept 1998 | 2.64B | +534.42% | 194.90M | -2.44B | 3.64 |
| Q2 FY1998 | 30 Jun 1998 | 578.30M | +65.09% | 148.60M | -429.70M | 0.49 |
| Q1 FY1998 | 31 Mar 1998 | 572.60M | +112.07% | 142.60M | -430.00M | 0.54 |
| Q4 FY1997 | 31 Dec 1997 | 493.50M | +71.47% | 58.00M | -435.50M | 0.50 |
| Q3 FY1997 | 30 Sept 1997 | 415.80M | +83.98% | 54.30M | -361.50M | 0.41 |
| Q2 FY1997 | 30 Jun 1997 | 350.30M | +34.37% | 54.10M | -296.20M | 0.37 |
| Q1 FY1997 | 31 Mar 1997 | 270.00M | +72.74% | 71.60M | -198.40M | 0.28 |
| Q4 FY1996 | 31 Dec 1996 | 287.80M | +305.35% | 58.50M | -229.30M | 0.31 |
| Q3 FY1996 | 30 Sept 1996 | 226.00M | +499.47% | 59.40M | -166.60M | 0.27 |
| Q2 FY1996 | 30 Jun 1996 | 260.70M | +307.98% | 52.70M | -208.00M | 0.35 |
| Q1 FY1996 | 31 Mar 1996 | 156.30M | +107.29% | 104.10M | -52.20M | 0.20 |
| Q4 FY1995 | 31 Dec 1995 | 71.00M | +64.73% | 115.00M | 44.00M | 0.09 |
| Q3 FY1995 | 30 Sept 1995 | 37.70M | -5.04% | 155.00M | 117.30M | 0.06 |
| Q2 FY1995 | 30 Jun 1995 | 63.90M | +82.57% | 180.50M | 116.60M | 0.11 |
| Q1 FY1995 | 31 Mar 1995 | 75.40M | +135.63% | 191.20M | 115.80M | 0.14 |
| Q4 FY1994 | 31 Dec 1994 | 43.10M | +21.41% | 90.10M | 47.00M | 0.13 |
| Q3 FY1994 | 30 Sept 1994 | 39.70M | +11.83% | 95.30M | 55.60M | 0.13 |
| Q2 FY1994 | 30 Jun 1994 | 35.00M | +13.27% | 68.90M | 33.90M | 0.12 |
| Q1 FY1994 | 31 Mar 1994 | 32.00M | +21.21% | 70.60M | 38.60M | 0.12 |
| Q4 FY1993 | 31 Dec 1993 | 35.50M | +36.02% | 60.80M | 25.30M | 0.14 |
| Q3 FY1993 | 30 Sept 1993 | 35.50M | +28.16% | 48.70M | 13.20M | 0.16 |
| Q2 FY1993 | 30 Jun 1993 | 30.90M | +11.96% | 51.60M | 20.70M | 0.13 |
| Q1 FY1993 | 31 Mar 1993 | 26.40M | -38.17% | 103.60M | 77.20M | 0.10 |
| Q4 FY1992 | 31 Dec 1992 | 26.10M | +3.57% | 95.40M | 69.30M | 0.10 |
| Q3 FY1992 | 30 Sept 1992 | 27.70M | — | 129.80M | 102.10M | 0.12 |
| Q2 FY1992 | 30 Jun 1992 | 27.60M | — | 117.80M | 90.20M | 0.13 |
| Q1 FY1992 | 31 Mar 1992 | 42.70M | — | 8.70M | -34.00M | 0.52 |
| Q4 FY1991 | 31 Dec 1991 | 25.20M | — | 5.90M | -19.30M | 0.28 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about Boston Scientific's debt
Source: Financial Modeling Prep
