Belle (PHS:BEL) Debt-to-Asset : 0.17 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

PHS:BEL Belle Corp PHS:BEL
79 GF Score
Price ₱1.17
GF Value ₱1.39
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Belle Debt-to-Asset?

Belle PHS:BEL -1.68% 79 Debt-to-Asset is 0.17 as of Jun. 2026. GuruFocus rates PHS:BEL with a GF Score™ of 79/100 and a GF Value™ of ₱1.39 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Belle's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₱717 Mil. Belle's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₱8,469 Mil. Belle's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2026 was ₱52,966 Mil. Belle's debt to asset for the quarter that ended in Jun. 2026 was 0.17.

Belle  (PHS:BEL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Belle Debt-to-Asset Related Terms

Belle Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Belle's Debt-to-Asset 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.

Belle Debt-to-Asset Chart

Belle Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.26 0.22 0.21 0.23 0.19

Belle Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.22 0.19 0.19 0.17

Belle Debt-to-Asset Competitor Comparison

For the Real Estate - Diversified subindustry, Belle's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Belle Debt-to-Asset vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Belle's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Belle's Debt-to-Asset falls into.


PHS:BEL
79GF Score
Belle Corp PHS:BEL
Debt-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Belle Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Belle's Debt-to-Asset for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(578.301 + 9926.217) / 54417.39
=0.19

Belle's Debt-to-Asset for the quarter that ended in Jun. 2026 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(717.464 + 8469.113) / 52965.762
=0.17

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 0.17 mean?
Belle (PHS:BEL) has a Debt-to-Asset of 0.17 as of Jun. 2026. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Belle and its competitors.
Is Belle's Debt-to-Asset too high?
Belle's current Debt-to-Asset is 0.17. Overall, Belle has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Belle's Debt-to-Asset compare to competitors?
Belle's Debt-to-Asset of 0.17 can be compared against companies in the Real Estate industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Real Estate company?
A good Debt-to-Asset depends on the Real Estate industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Belle and its competitors. Belle's current Debt-to-Asset is 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belle stock overvalued right now?
Based on GuruFocus' analysis, Belle (PHS:BEL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱1.39, compared to a current price of ₱1.17 — trading 15.8% below its estimated fair value. The current Debt-to-Asset is 0.17. Belle's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For Belle (PHS:BEL), the current Debt-to-Asset is 0.17 as of Jun. 2026. 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.

Is Belle (PHS:BEL) Overvalued in 2026?

Based on GuruFocus' analysis, Belle stock appears to be undervalued. The current stock price of ₱1.17 is trading 15.8% below its estimated GF Value™ of ₱1.39. GuruFocus considers Belle to be Modestly Undervalued.

Key valuation signals for PHS:BEL:

  • Debt-to-Asset: 0.17
  • GF Value™: ₱1.39 vs. price of ₱1.17 (15.8% below fair value)
  • GF Score™: 79/100 with 3 warning signs

No single metric tells the full story. See the PHS:BEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Belle Business Description

Address Palm Coast Avenue, 5th Floor, Tower A, Two E-com Center, Mall of Asia Complex, CBP-1A, Pasay City, PHL, 1300
Belle Corporation is a developer of resort destinations, gaming, and leisure properties in the Philippines, such as City of Dreams Manila and Tagaytay Highlands. Additionally, it owns real estate assets in the Tagaytay Highlands, Midlands, and Greenlands complexes, where it develops premium residential resort projects south of Metro Manila and holds majority proprietary shares in its exclusive club and golf facilities. The Group's operating business segments are: Real Estate Development and Property Management, which generates maximum revenue; Gaming and Gaming Related Activities; and Others.
79GF Score

Get the complete analysis for PHS:BEL

Debt-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱1.17
Price
₱1.39
GF Value