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NL Development PCLBKK:NL -1.64%15 Debt-to-Equity is 0.02 as of Jun. 2026, which is at its 10-year median of 0.02. GuruFocus rates BKK:NL with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 1,617 Construction companies, NL Development PCL ranks better than 95.24% 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 NL Development PCL's Debt-to-Equity or its related term are showing as below:
BKK:NL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.04
Current: 0.02
During the past 5 years, the highest Debt-to-Equity Ratio of NL Development PCL was 0.04. The lowest was 0.01. And the median was 0.02.
BKK:NL's Debt-to-Equity is ranked better than 95.24% of 1617
companies
in the Construction industry
Industry Median: 0.4
vs BKK:NL: 0.02
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.
NL Development PCL Debt-to-Equity Related Terms
NL Development PCL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NL Development PCL'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.
BKK:NL vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, NL Development PCL'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.
NL Development PCL Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, NL Development PCL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NL Development PCL'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.
NL Development PCL (BKK:NL) has a Debt-to-Equity of 0.02 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NL Development PCL and its competitors. This is near median its historical median of 0.02. Over the past decade, NL Development PCL's Debt-to-Equity has ranged from 0.01 to 0.04. According to the industry distribution chart, NL Development PCL ranks #77 out of 1617 companies in the Construction industry, placing it in the top 4.8%.
Is NL Development PCL's Debt-to-Equity too high?
NL Development PCL's current Debt-to-Equity of 0.02 is near median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.04. The Construction industry median Debt-to-Equity is 0.40. NL Development PCL's value of 0.02 is 95% below this industry median. Based on the distribution chart, NL Development PCL ranks #77 out of 1617 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, NL Development PCL has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does NL Development PCL's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, NL Development PCL ranks #77 out of 1617 companies for Debt-to-Equity. This places NL Development PCL in the top 5% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.40. NL Development PCL's value of 0.02 is 95% below this benchmark. Historically, NL Development PCL's own Debt-to-Equity has ranged from 0.01 to 0.04 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 0.40, NL Development PCL 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 0.40, based on 1,617 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. NL Development PCL's current Debt-to-Equity of 0.02 is 95% 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 NL Development PCL and its competitors. For the Construction industry, the median Debt-to-Equity is 0.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NL Development PCL's current Debt-to-Equity is 0.02, which is near median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NL Development PCL stock overvalued right now?
NL Development PCL (BKK:NL) has a current Debt-to-Equity of 0.02. The current Debt-to-Equity is 0.02, which is near median its 10-year median of 0.02 and 95% below the Construction industry median of 0.40. NL Development PCL's overall GF Score™ is 15/100 with 2 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 NL Development PCL (BKK:NL), the current Debt-to-Equity is 0.02 as of Jun. 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.
NL Development PCL is engaged in business of contractor and general construction. It provides surveying, design, and construction services for all types of buildings, including the installation of various engineering systems and public infrastructure construction.
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