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Blue Star HeliumASX:BNL +20.00% Debt-to-Equity is 3.36 as of Dec. 2025, which is 5500% above its 10-year median of 0.06. The stock has 2 warning signs investors should review. Among 807 Oil & Gas companies, Blue Star Helium ranks worse than 95.29% 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 Blue Star Helium's Debt-to-Equity or its related term are showing as below:
ASX:BNL'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.05 Med: 0.06 Max: 3.36
Current: 3.36
During the past 13 years, the highest Debt-to-Equity Ratio of Blue Star Helium was 3.36. The lowest was -1.05. And the median was 0.06.
ASX:BNL's Debt-to-Equity is ranked worse than 95.29% of 807
companies
in the Oil & Gas industry
Industry Median: 0.45
vs ASX:BNL: 3.36
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.
Blue Star Helium Debt-to-Equity Related Terms
Blue Star Helium Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Blue Star Helium'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.
ASX:BNL vs COP, EOG, FANG: Debt-to-Equity Comparison
For the Oil & Gas E&P subindustry, Blue Star Helium'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.
Blue Star Helium Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Blue Star Helium's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Blue Star Helium'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.
Blue Star Helium (ASX:BNL) has a Debt-to-Equity of 3.36 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Blue Star Helium and its competitors. This is 5500% above median its historical median of 0.06. According to the industry distribution chart, Blue Star Helium ranks #769 out of 807 companies in the Oil & Gas industry, placing it in the top 95.3%.
Is Blue Star Helium's Debt-to-Equity too high?
Blue Star Helium's current Debt-to-Equity of 3.36 is 5500% above median its 10-year median of 0.06. The Oil & Gas industry median Debt-to-Equity is 0.45. Blue Star Helium's value of 3.36 is 646.7% above this industry median. Based on the distribution chart, Blue Star Helium ranks #769 out of 807 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers.
How does Blue Star Helium's Debt-to-Equity compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Blue Star Helium ranks #769 out of 807 companies for Debt-to-Equity. This places Blue Star Helium in the lower half of its industry. The industry median Debt-to-Equity is 0.45. Blue Star Helium's value of 3.36 is 646.7% above this benchmark. While the company's 10-year median is 0.06 vs. the industry median of 0.45, Blue Star Helium 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 807 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. Blue Star Helium's current Debt-to-Equity of 3.36 is 646.7% 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 Blue Star Helium and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blue Star Helium's current Debt-to-Equity is 3.36, which is 5500% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Star Helium stock overvalued right now?
Blue Star Helium (ASX:BNL) has a current Debt-to-Equity of 3.36. The current Debt-to-Equity is 3.36, which is 5500% above median its 10-year median of 0.06 and 646.7% above the Oil & Gas industry median of 0.45. 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 Blue Star Helium (ASX:BNL), the current Debt-to-Equity is 3.36 as of Dec. 2025. 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.
Blue Star Helium Ltd is an independent helium exploration and production company, headquartered in Australia, with operations and exploration in North America. Blue Star is focused on providing its shareholders with exposure to multiple high-value helium projects in North America. Its project portfolio comprises the Galactica-Pegasus Project, located in Las Animas County, Colorado, and the Voyager Project. The company is organised into one main operating segment, which involves helium (including oil and gas) exploration, development, and production in the USA.
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