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 0.01 is 16% below its 2-year average of 0.01, near the low end of its 2-year range (0.00–0.03).
As of the fiscal period ended Tuesday, March 31, 2026. 34.27% above its 12-month average of 0.01.
Reported quarterly debt to equity ratio; no daily interpolation. Q4 FY2026 (2026-03-31): 0.01.
DEBT TO EQUITY RATIO
0.01
DEBT TO EQUITY RATIO AVG TTM
0.01
DEBT TO EQUITY RATIO AVG 3Y
N/A
DEBT TO EQUITY RATIO AVG 5Y
N/A
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
+34.27%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
0.47
median of 457 covered companies
CURRENT VS SECTOR MEDIAN
-97.74%
vs the sector median at left
Phoenix Asia Holdings Limited Ordinary Shares
Market Cap
$403.06M
Debt to Equity Ratio
0.01
TTM Avg
0.01
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$404.66M
Debt to Equity Ratio
0.02
TTM Avg
0.01
3Y Avg
0.02
5Y Avg
0.09
Market Cap
$410.76M
Debt to Equity Ratio
0.20
TTM Avg
0.25
3Y Avg
0.25
5Y Avg
0.29
Market Cap
$395.00M
Debt to Equity Ratio
0.59
TTM Avg
0.38
3Y Avg
0.34
5Y Avg
0.37
Market Cap
$420.65M
Debt to Equity Ratio
0.19
TTM Avg
0.21
3Y Avg
0.17
5Y Avg
0.26
Market Cap
$384.34M
Debt to Equity Ratio
0.40
TTM Avg
0.36
3Y Avg
0.49
5Y Avg
0.42
Market Cap
$383.84M
Debt to Equity Ratio
7.76
TTM Avg
4.62
3Y Avg
2.90
5Y Avg
2.24
Market Cap
$372.55M
Debt to Equity Ratio
0.03
TTM Avg
0.01
3Y Avg
0.01
5Y Avg
0.01
Market Cap
$443.07M
Debt to Equity Ratio
1.24
TTM Avg
1.51
3Y Avg
1.00
5Y Avg
0.98
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Phoenix Asia Holdings Limited Ordinary Shares (PHOE) | $403.06M | 0.01 | 0.01 | N/A | N/A |
| Aduro Clean Technologies Inc. (ADUR)vs › | $404.66M | 0.02 | 0.01 | 0.02 | 0.09 |
| Twin Disc, Incorporated (TWIN)vs › | $410.76M | 0.20 | 0.25 | 0.25 | 0.29 |
| Montauk Renewables, Inc. (MNTK)vs › | $395.00M | 0.59 | 0.38 | 0.34 | 0.37 |
| Acacia Research Corporation (ACTG)vs › | $420.65M | 0.19 | 0.21 | 0.17 | 0.26 |
| L.B. Foster Company (FSTR)vs › | $384.34M | 0.40 | 0.36 | 0.49 | 0.42 |
| Xerox Holdings Corporation (XRX)vs › | $383.84M | 7.76 | 4.62 | 2.90 | 2.24 |
| Serve Robotics Inc. (SERV)vs › | $372.55M | 0.03 | 0.01 | 0.01 | 0.01 |
| Falcon's Beyond Global, Inc. Class A Common Stock (FBYD)vs › | $443.07M | 1.24 | 1.51 | 1.00 | 0.98 |
| Energy Recovery, Inc. (ERII)vs › | $367.78M | 0.05 | 0.05 | 0.06 | 0.07 |
Debt/Equity
0.01
Current Ratio
5.46
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 | 0.01 |
| 2025-12-31 | 0.01 |
| 2025-09-30 | 0.00 |
| 2025-03-31 | 0.01 |
| 2024-09-30 | 0.01 |
| 2024-03-31 | 0.03 |
