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Sunbelt Rentals HoldingsASHGY +1.17%48 Debt-to-Equity is 1.41 as of Apr. 2026, which is 2% above its 10-year median of 1.38. GuruFocus rates ASHGY with a GF Score™ of 48/100. The stock has 5 warning signs investors should review. Among 954 Business Services companies, Sunbelt Rentals Holdings ranks worse than 82.91% 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 Sunbelt Rentals Holdings's Debt-to-Equity or its related term are showing as below:
ASHGY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.08 Med: 1.38 Max: 1.89
Current: 1.41
During the past 13 years, the highest Debt-to-Equity Ratio of Sunbelt Rentals Holdings was 1.89. The lowest was 1.08. And the median was 1.38.
ASHGY's Debt-to-Equity is ranked worse than 82.91% of 954
companies
in the Business Services industry
Industry Median: 0.33
vs ASHGY: 1.41
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.
Sunbelt Rentals Holdings Debt-to-Equity Related Terms
Sunbelt Rentals Holdings Debt-to-Equity Historical Data
* 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 Rental & Leasing Services subindustry, Sunbelt Rentals Holdings'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.
Sunbelt Rentals Holdings Debt-to-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Sunbelt Rentals Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sunbelt Rentals Holdings'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.
Sunbelt Rentals Holdings (ASHGY) has a Debt-to-Equity of 1.41 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sunbelt Rentals Holdings and its competitors. This is near median its historical median of 1.38. Over the past decade, Sunbelt Rentals Holdings' Debt-to-Equity has ranged from 1.08 to 1.89. According to the industry distribution chart, Sunbelt Rentals Holdings ranks #791 out of 954 companies in the Business Services industry, placing it in the top 82.9%.
Is Sunbelt Rentals Holdings' Debt-to-Equity too high?
Sunbelt Rentals Holdings' current Debt-to-Equity of 1.41 is near median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 1.08 to a high of 1.89. The Business Services industry median Debt-to-Equity is 0.33. Sunbelt Rentals Holdings' value of 1.41 is 327.3% above this industry median. Based on the distribution chart, Sunbelt Rentals Holdings ranks #791 out of 954 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Sunbelt Rentals Holdings has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Sunbelt Rentals Holdings' Debt-to-Equity compare to AER and UHAL?
According to the Business Services industry distribution chart, Sunbelt Rentals Holdings ranks #791 out of 954 companies for Debt-to-Equity. This places Sunbelt Rentals Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.33. Sunbelt Rentals Holdings' value of 1.41 is 327.3% above this benchmark. Historically, Sunbelt Rentals Holdings' own Debt-to-Equity has ranged from 1.08 to 1.89 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 0.33, Sunbelt Rentals Holdings has consistently been above 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 a Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 954 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. Sunbelt Rentals Holdings's current Debt-to-Equity of 1.41 is 327.3% above 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 Sunbelt Rentals Holdings and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sunbelt Rentals Holdings's current Debt-to-Equity is 1.41, which is near median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sunbelt Rentals Holdings stock overvalued right now?
Sunbelt Rentals Holdings (ASHGY) has a current Debt-to-Equity of 1.41. The current Debt-to-Equity is 1.41, which is near median its 10-year median of 1.38 and 327.3% above the Business Services industry median of 0.33. Sunbelt Rentals Holdings' overall GF Score™ is 48/100 with 5 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 Sunbelt Rentals Holdings (ASHGY), the current Debt-to-Equity is 1.41 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.
Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $15 billion across a network of 1,200 stores in the US, nearly CAD 2 billion of fleet and 135 stores in Canada, and GBP 1.1 billion and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.
48GF Score
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