Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.00 is 98% below its 5-year average of 0.14, near the low end of its 5-year range (0.00–1.06).
As of the fiscal period ended Tuesday, March 31, 2026. 75.72% below its 12-month average of 0.01.
Reported quarterly debt to equity ratio; no daily interpolation. Q4 FY2026 (2026-03-31): 0.00.
DEBT TO EQUITY RATIO
0.00
DEBT TO EQUITY RATIO AVG TTM
0.01
DEBT TO EQUITY RATIO AVG 3Y
0.06
DEBT TO EQUITY RATIO AVG 5Y
0.14
DEBT TO EQUITY RATIO AVG 10Y
N/A
DEBT TO EQUITY RATIO AVG 15Y
N/A
DEBT TO EQUITY RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-75.72%
CURRENT VS 3Y AVG
-94.57%
CURRENT VS 5Y AVG
-97.58%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
0.28
median of 700 covered companies
CURRENT VS SECTOR MEDIAN
-98.81%
vs the sector median at left
Garden Stage Limited
Market Cap
$14.48M
Debt to Equity Ratio
0.00
TTM Avg
0.01
3Y Avg
0.06
5Y Avg
0.14
Market Cap
$17.65M
Debt to Equity Ratio
1.23
TTM Avg
16.75
3Y Avg
12.46
5Y Avg
10.83
Market Cap
$10.43M
Debt to Equity Ratio
2.05
TTM Avg
1.79
3Y Avg
1.67
5Y Avg
1.66
Market Cap
$8.75M
Debt to Equity Ratio
0.01
TTM Avg
0.05
3Y Avg
0.04
5Y Avg
0.04
Market Cap
$21.09M
Debt to Equity Ratio
0.01
TTM Avg
0.01
3Y Avg
0.04
5Y Avg
0.05
Market Cap
$6.29M
Debt to Equity Ratio
0.03
TTM Avg
0.03
3Y Avg
0.03
5Y Avg
0.28
Market Cap
$23.87M
Debt to Equity Ratio
0.21
TTM Avg
0.29
3Y Avg
5.62
5Y Avg
4.57
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Garden Stage Limited (GSIW) | $14.48M | 0.00 | 0.01 | 0.06 | 0.14 |
| Binah Capital Group, Inc. (BCG)vs › | $17.65M | 1.23 | 16.75 | 12.46 | 10.83 |
| Investcorp Credit Management BDC, Inc. (ICMB)vs › | $10.43M | 2.05 | 1.79 | 1.67 | 1.66 |
| Oxbridge Re Holdings Limited (OXBR)vs › | $8.75M | 0.01 | 0.05 | 0.04 | 0.04 |
| Netcapital Inc. (NCPL)vs › | $8.55M | 0.11 | 0.12 | 0.12 | 0.40 |
| MDB Capital Holdings, LLC Class A common (MDBH)vs › | $21.09M | 0.01 | 0.01 | 0.04 | 0.05 |
| TaoWeave, Inc. (TWAV)vs › | $6.43M | 0.00 | 0.00 | 0.02 | 0.05 |
| Magic Empire Global Limited (MEGL)vs › | $6.29M | 0.03 | 0.03 | 0.03 | 0.28 |
| Beeline Holdings Inc. (BLNE)vs › | $23.87M | 0.21 | 0.29 | 5.62 | 4.57 |
| Solowin Holdings Ordinary Share (AXG)vs › | $4.87M | 0.31 | 0.27 | 0.18 | 0.16 |
Debt/Equity
0.00
Current ratio is unavailable for Garden Stage Limited: applicability has not been verified for this financial-services business. The current sector-based policy withholds this model until its treatment of debt, cash and cash flows is confirmed for the company.
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-03-31 | 0.00 |
| 2025-09-30 | 0.01 |
| 2025-03-31 | 0.03 |
| 2024-09-30 | 0.31 |
| 2024-03-31 | 0.03 |
| 2023-09-30 | 0.02 |
| 2023-03-31 | 0.04 |
| 2022-09-30 | 0.00 |
| 2022-03-31 | 1.06 |
| 2021-09-30 | 0.03 |
| 2021-03-31 | 0.00 |
| 2020-09-30 | 0.00 |
