ParkwayASX:PWN -4.76% Debt-to-Equity is 0.47 as of Dec. 2025, which is 38% above its 10-year median of 0.34. The stock has 3 warning signs investors should review. Among 2,681 Industrial Products companies, Parkway ranks worse than 66.13% 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 Parkway's Debt-to-Equity or its related term are showing as below:
ASX:PWN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.34 Max: 0.51
Current: 0.47
During the past 13 years, the highest Debt-to-Equity Ratio of Parkway was 0.51. The lowest was 0.04. And the median was 0.34.
ASX:PWN's Debt-to-Equity is ranked worse than 66.13% of 2681
companies
in the Industrial Products industry
Industry Median: 0.28
vs ASX:PWN: 0.47
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.
Parkway Debt-to-Equity Related Terms
Parkway Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Parkway'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:PWN vs VLTO, ZWS, CECO: Debt-to-Equity Comparison
For the Pollution & Treatment Controls subindustry, Parkway'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.
Parkway Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Parkway's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Parkway'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.
Parkway (ASX:PWN) has a Debt-to-Equity of 0.47 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Parkway and its competitors. This is 38% above median its historical median of 0.34. Over the past decade, Parkway's Debt-to-Equity has ranged from 0.04 to 0.51. According to the industry distribution chart, Parkway ranks #1773 out of 2681 companies in the Industrial Products industry, placing it in the top 66.1%.
Is Parkway's Debt-to-Equity too high?
Parkway's current Debt-to-Equity of 0.47 is 38% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.51. The Industrial Products industry median Debt-to-Equity is 0.28. Parkway's value of 0.47 is 67.9% above this industry median. Based on the distribution chart, Parkway ranks #1773 out of 2681 companies in the Industrial Products industry, which is below the industry midpoint.
How does Parkway's Debt-to-Equity compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Parkway ranks #1773 out of 2681 companies for Debt-to-Equity. This places Parkway in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Parkway's value of 0.47 is 67.9% above this benchmark. Historically, Parkway's own Debt-to-Equity has ranged from 0.04 to 0.51 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 0.28, Parkway 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 Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,681 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. Parkway's current Debt-to-Equity of 0.47 is 67.9% 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 Parkway 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. Parkway's current Debt-to-Equity is 0.47, which is 38% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Parkway stock overvalued right now?
Based on GuruFocus' analysis, Parkway (ASX:PWN) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.02, compared to a current price of A$0.01 — trading 50% below its estimated fair value. The current Debt-to-Equity is 0.47, which is 38% above median its 10-year median of 0.34 and 67.9% above the Industrial Products industry median of 0.28. 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 Parkway (ASX:PWN), the current Debt-to-Equity is 0.47 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.
Parkway Corp Ltd is engaged in providing water treatment-related products and services. The company is comprised of three key business units, Parkway Process Solutions, Parkway Process Technologies and Parkway Ventures. Its products include pump range; filters; tank range; pipe, host and fittings, and others.
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