Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BullishBLSH +1.13%15 Debt-to-Equity is 0.19 as of Mar. 2026, which is at its 10-year median of 0.19. GuruFocus rates BLSH with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 2,241 Software companies, Bullish ranks better than 51.05% 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 Bullish's Debt-to-Equity or its related term are showing as below:
BLSH'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.19 Max: 0.34
Current: 0.19
During the past 6 years, the highest Debt-to-Equity Ratio of Bullish was 0.34. The lowest was 0.00. And the median was 0.19.
BLSH's Debt-to-Equity is ranked better than 51.05% of 2241
companies
in the Software industry
Industry Median: 0.19
vs BLSH: 0.19
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.
Bullish Debt-to-Equity Related Terms
Bullish Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Bullish'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.
For the Software - Infrastructure subindustry, Bullish'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.
Bullish Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Bullish's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Bullish'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.
Bullish (BLSH) has a Debt-to-Equity of 0.19 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Bullish and its competitors. This is near median its historical median of 0.19. According to the industry distribution chart, Bullish ranks #1097 out of 2241 companies in the Software industry, placing it in the top 49%.
Is Bullish's Debt-to-Equity too high?
Bullish's current Debt-to-Equity of 0.19 is near median its 10-year median of 0.19. The Software industry median Debt-to-Equity is 0.19. Bullish's value of 0.19 is 0% at this industry median. Based on the distribution chart, Bullish ranks #1097 out of 2241 companies in the Software industry, which is above the industry midpoint. Overall, Bullish has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bullish's Debt-to-Equity compare to CLBT and BOX?
According to the Software industry distribution chart, Bullish ranks #1097 out of 2241 companies for Debt-to-Equity. This puts Bullish in the upper half of its industry. The industry median Debt-to-Equity is 0.19. Bullish's value of 0.19 is 0% at this benchmark. While the company's 10-year median is 0.19 vs. the industry median of 0.19, Bullish has consistently been at 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 2,241 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. Bullish's current Debt-to-Equity of 0.19 is 0% at 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 Bullish 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. Bullish's current Debt-to-Equity is 0.19, which is near median its own 10-year median of 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bullish stock overvalued right now?
Bullish (BLSH) has a current Debt-to-Equity of 0.19. The current Debt-to-Equity is 0.19, which is near median its 10-year median of 0.19 and 0% at the Software industry median of 0.19. Bullish's overall GF Score™ is 15/100 with 3 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 Bullish (BLSH), the current Debt-to-Equity is 0.19 as of Mar. 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.
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.
15GF Score
Get the complete analysis for BLSH
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BLSH has been successfully added to your 
