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DXNASX:DXN +3.33%35 Debt-to-Equity is 3.10 as of Dec. 2025, which is 207% above its 10-year median of 1.01. GuruFocus rates ASX:DXN with a GF Score™ of 35/100 and a GF Value™ of A$0.02 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,244 Software companies, DXN ranks worse than 96.61% 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 DXN's Debt-to-Equity or its related term are showing as below:
ASX:DXN'
s Debt-to-Equity Range Over the Past 10 Years
Min: -75.22 Med: 1.01 Max: 3.1
Current: 3.1
During the past 7 years, the highest Debt-to-Equity Ratio of DXN was 3.10. The lowest was -75.22. And the median was 1.01.
ASX:DXN's Debt-to-Equity is ranked worse than 96.61% of 2244
companies
in the Software industry
Industry Median: 0.19
vs ASX:DXN: 3.10
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.
DXN Debt-to-Equity Related Terms
DXN Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for DXN'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:DXN vs IBM, ACN, FISV: Debt-to-Equity Comparison
For the Information Technology Services subindustry, DXN'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.
DXN Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, DXN's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where DXN'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.
DXN (ASX:DXN) has a Debt-to-Equity of 3.10 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DXN and its competitors. This is 207% above median its historical median of 1.01. According to the industry distribution chart, DXN ranks #2168 out of 2244 companies in the Software industry, placing it in the top 96.6%.
Is DXN's Debt-to-Equity too high?
DXN's current Debt-to-Equity of 3.10 is 207% above median its 10-year median of 1.01. The Software industry median Debt-to-Equity is 0.19. DXN's value of 3.10 is 1531.6% above this industry median. Based on the distribution chart, DXN ranks #2168 out of 2244 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, DXN has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DXN's Debt-to-Equity compare to IBM and ACN?
According to the Software industry distribution chart, DXN ranks #2168 out of 2244 companies for Debt-to-Equity. This places DXN in the lower half of its industry. The industry median Debt-to-Equity is 0.19. DXN's value of 3.10 is 1531.6% above this benchmark. While the company's 10-year median is 1.01 vs. the industry median of 0.19, DXN 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 Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,244 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. DXN's current Debt-to-Equity of 3.10 is 1531.6% 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 DXN and its competitors. For the Software industry, the median Debt-to-Equity is 0.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DXN's current Debt-to-Equity is 3.10, which is 207% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DXN stock overvalued right now?
Based on GuruFocus' analysis, DXN (ASX:DXN) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.02, compared to a current price of A$0.16 — trading 675% above its estimated fair value. The current Debt-to-Equity is 3.10, which is 207% above median its 10-year median of 1.01 and 1531.6% above the Software industry median of 0.19. DXN's overall GF Score™ is 35/100 with 9 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 DXN (ASX:DXN), the current Debt-to-Equity is 3.10 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.
Is DXN (ASX:DXN) Overvalued in 2026?
Based on GuruFocus' analysis, DXN stock appears to be overvalued.
The current stock price of A$0.16 is trading 675% above its estimated GF Value™ of A$0.02.
GuruFocus considers DXN to be Significantly Overvalued.
Key valuation signals for ASX:DXN:
Debt-to-Equity: 3.10 (207% above median its 10-year median of 1.01)
GF Value™: A$0.02 vs. price of A$0.16 (675% above fair value)
Industry Position: 1531.6% above the Software median (#2168 of 2244)
No single metric tells the full story. See the ASX:DXN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DXN Ltd operates as a data center company. It operates three core divisions a Modular Division, which designs, engineers, manufactures, and supplies PMDCs globally. A Data Centre Division, which owns, operates, and maintains data centres in Darwin and Hobart (TAS01). A third division Data Centre as a Service (DCaaS) a capital light, facility as a service model including design, engineering and deployment of data centres and ground stations. These divisions position DXN at the forefront of edge computing, telecommunications, and high-performance infrastructure solutions, catering to sectors including mining, energy, subsea cables, government, and emerging AI applications. The company operates in three segments: Data centre manufacturing, Data centre operations and Data Centre as a Service.
35GF Score
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