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H-PowerAFGYF +21.17%33 Debt-to-Equity is 0.04 as of Apr. 2026, which is 100% above its 10-year median of 0.02. GuruFocus rates AFGYF with a GF Score™ of 33/100. The stock has 3 warning signs investors should review. Among 2,679 Industrial Products companies, H-Power ranks better than 86.38% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for H-Power's Debt-to-Equity or its related term are showing as below:
AFGYF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.02 Max: 0.13
Current: 0.04
During the past 13 years, the highest Debt-to-Equity Ratio of H-Power was 0.13. The lowest was 0.00. And the median was 0.02.
AFGYF's Debt-to-Equity is ranked better than 86.38% of 2679
companies
in the Industrial Products industry
Industry Median: 0.28
vs AFGYF: 0.04
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
H-Power Debt-to-Equity Related Terms
H-Power Debt-to-Equity Historical Data
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The historical data trend for H-Power's Debt-to-Equity 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.
For the Electrical Equipment & Parts subindustry, H-Power's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
H-Power Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, H-Power's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where H-Power's Debt-to-Equity falls into.
* 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.
H-Power (AFGYF) has a Debt-to-Equity of 0.04 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on H-Power and its competitors. This is 100% above median its historical median of 0.02. According to the industry distribution chart, H-Power ranks #365 out of 2679 companies in the Industrial Products industry, placing it in the top 13.6%.
Is H-Power's Debt-to-Equity too high?
H-Power's current Debt-to-Equity of 0.04 is 100% above median its 10-year median of 0.02. The Industrial Products industry median Debt-to-Equity is 0.28. H-Power's value of 0.04 is 85.7% below this industry median. Based on the distribution chart, H-Power ranks #365 out of 2679 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, H-Power has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does H-Power's Debt-to-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, H-Power ranks #365 out of 2679 companies for Debt-to-Equity. This places H-Power in the top 14% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.28. H-Power's value of 0.04 is 85.7% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.28, H-Power has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,679 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. H-Power's current Debt-to-Equity of 0.04 is 85.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on H-Power and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H-Power's current Debt-to-Equity is 0.04, which is 100% above median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H-Power stock overvalued right now?
H-Power (AFGYF) has a current Debt-to-Equity of 0.04. The current Debt-to-Equity is 0.04, which is 100% above median its 10-year median of 0.02 and 85.7% below the Industrial Products industry median of 0.28. H-Power's overall GF Score™ is 33/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For H-Power (AFGYF), the current Debt-to-Equity is 0.04 as of Apr. 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.
H-Power PLC is a provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Its products include decentralised ammonia cracker systems and fuel cell generators designed to supply low-carbon hydrogen and power for industrial and off-grid applications. The company focuses on the commercial rollout of its hydrogen and power technologies and the development of modular ammonia cracker systems and fuel cell-based power solutions. Its technologies are intended to provide alternatives to conventional diesel-based power generation systems.
33GF Score
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