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WestStar IndustrialASX:WSI Debt-to-Equity is 0.27 as of Dec. 2025, which is 35% above its 10-year median of 0.20. The stock has 4 warning signs investors should review. Among 1,612 Construction companies, WestStar Industrial ranks better than 60.98% 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 WestStar Industrial's Debt-to-Equity or its related term are showing as below:
ASX:WSI'
s Debt-to-Equity Range Over the Past 10 Years
Min: -17.03 Med: 0.2 Max: 0.75
Current: 0.27
During the past 13 years, the highest Debt-to-Equity Ratio of WestStar Industrial was 0.75. The lowest was -17.03. And the median was 0.20.
ASX:WSI's Debt-to-Equity is ranked better than 60.98% of 1612
companies
in the Construction industry
Industry Median: 0.41
vs ASX:WSI: 0.27
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.
WestStar Industrial Debt-to-Equity Related Terms
WestStar Industrial Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for WestStar Industrial'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:WSI vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, WestStar Industrial'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.
WestStar Industrial Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, WestStar Industrial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where WestStar Industrial'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.
WestStar Industrial (ASX:WSI) has a Debt-to-Equity of 0.27 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on WestStar Industrial and its competitors. This is 35% above median its historical median of 0.20. According to the industry distribution chart, WestStar Industrial ranks #629 out of 1612 companies in the Construction industry, placing it in the top 39%.
Is WestStar Industrial's Debt-to-Equity too high?
WestStar Industrial's current Debt-to-Equity of 0.27 is 35% above median its 10-year median of 0.20. The Construction industry median Debt-to-Equity is 0.41. WestStar Industrial's value of 0.27 is 34.1% below this industry median. Based on the distribution chart, WestStar Industrial ranks #629 out of 1612 companies in the Construction industry, which is above the industry midpoint.
How does WestStar Industrial's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, WestStar Industrial ranks #629 out of 1612 companies for Debt-to-Equity. This puts WestStar Industrial in the upper half of its industry. The industry median Debt-to-Equity is 0.41. WestStar Industrial's value of 0.27 is 34.1% below this benchmark. While the company's 10-year median is 0.20 vs. the industry median of 0.41, WestStar Industrial 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 a Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,612 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. WestStar Industrial's current Debt-to-Equity of 0.27 is 34.1% 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 WestStar Industrial and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WestStar Industrial's current Debt-to-Equity is 0.27, which is 35% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WestStar Industrial stock overvalued right now?
Based on GuruFocus' analysis, WestStar Industrial (ASX:WSI) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.05, compared to a current price of A$0.06 — trading 16% above its estimated fair value. The current Debt-to-Equity is 0.27, which is 35% above median its 10-year median of 0.20 and 34.1% below the Construction industry median of 0.41. 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 WestStar Industrial (ASX:WSI), the current Debt-to-Equity is 0.27 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.
WestStar Industrial Ltd is an Australian company offering industrial project solutions in engineering, fabrication, construction, and maintenance across sectors such as resources, energy, oil and gas, petrochemical, water, marine, defence, and infrastructure. The company operates through three segments: SIMPEC, Alltype Engineering, and Watmar Engineering. SIMPEC specializes in structural, mechanical, piping, electrical, and instrumentation contracting. Alltype Engineering provides workshop services, site installation, construction, and maintenance across various industries. Watmar Engineering focuses on fluid systems engineering for the defence and marine sectors. The majority of the company's revenue is generated from the Alltype segment.
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