BNC (CEA Industries) Debt-to-Equity: 0.01 (As of Apr. 2026) — 50% Below Median

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BNC CEA Industries Inc BNC
28 GF Score
Price $2.52
! 2 Warning Signs
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What is CEA Industries Debt-to-Equity?

CEA Industries BNC -0.79% 28 Debt-to-Equity is 0.01 as of Apr. 2026, which is 50% below its 10-year median of 0.02. GuruFocus rates BNC with a GF Score™ of 28/100. The stock has 2 warning signs investors should review. Among 185 Farm & Heavy Construction Machinery companies, CEA Industries ranks better than 99.46% on this metric.

CEA Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was $1.75 Mil. CEA Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was $0.75 Mil. CEA Industries's Total Stockholders Equity for the quarter that ended in Apr. 2026 was $304.78 Mil. CEA Industries's debt to equity for the quarter that ended in Apr. 2026 was 0.01.

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 CEA Industries's Debt-to-Equity or its related term are showing as below:

BNC' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.75   Med: 0.02   Max: 1.51
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of CEA Industries was 1.51. The lowest was -1.75. And the median was 0.02.

BNC's Debt-to-Equity is ranked better than
99.46% of 185 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.36 vs BNC: 0.01

CEA Industries  (NAS:BNC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


CEA Industries Debt-to-Equity Related Terms


CEA Industries Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for CEA Industries'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.

CEA Industries Debt-to-Equity Chart

CEA Industries Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Apr25 Apr26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.03 0.03 N/A 0.01

CEA Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jul25 Oct25 Jan26 Apr26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 1.09 0.02 0.01 0.01

BNC vs XOS, SCAG, CLEV: Debt-to-Equity Comparison

For the Farm & Heavy Construction Machinery subindustry, CEA Industries'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.


CEA Industries Debt-to-Equity vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CEA Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CEA Industries's Debt-to-Equity falls into.


BNC
28GF Score
CEA Industries Inc BNC
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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CEA Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CEA Industries's Debt to Equity Ratio for the fiscal year that ended in Apr. 2026 is calculated as

CEA Industries's Debt to Equity Ratio for the quarter that ended in Apr. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.01 mean?
CEA Industries (BNC) has a Debt-to-Equity of 0.01 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on CEA Industries and its competitors. This is 50% below median its historical median of 0.02. According to the industry distribution chart, CEA Industries ranks #1 out of 185 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 0.5%.
Is CEA Industries' Debt-to-Equity too high?
CEA Industries' current Debt-to-Equity of 0.01 is 50% below median its 10-year median of 0.02. The Farm & Heavy Construction Machinery industry median Debt-to-Equity is 0.36. CEA Industries' value of 0.01 is 97.2% below this industry median. Based on the distribution chart, CEA Industries ranks #1 out of 185 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, CEA Industries has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does CEA Industries' Debt-to-Equity compare to XOS and SCAG?
According to the Farm & Heavy Construction Machinery industry distribution chart, CEA Industries ranks #1 out of 185 companies for Debt-to-Equity. This places CEA Industries in the top 1% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.36. CEA Industries' value of 0.01 is 97.2% below this benchmark. While the company's 10-year median is 0.02 vs. the industry median of 0.36, CEA Industries 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 Farm & Heavy Construction Machinery company?
The median Debt-to-Equity among Farm & Heavy Construction Machinery companies is 0.36, based on 185 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. CEA Industries's current Debt-to-Equity of 0.01 is 97.2% 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 CEA Industries and its competitors. For the Farm & Heavy Construction Machinery industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CEA Industries's current Debt-to-Equity is 0.01, which is 50% below 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 CEA Industries stock overvalued right now?
CEA Industries (BNC) has a current Debt-to-Equity of 0.01. The current Debt-to-Equity is 0.01, which is 50% below median its 10-year median of 0.02 and 97.2% below the Farm & Heavy Construction Machinery industry median of 0.36. CEA Industries' overall GF Score™ is 28/100 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 CEA Industries (BNC), the current Debt-to-Equity is 0.01 as of Apr. 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.

CEA Industries Business Description

Address 385 South Pierce Avenue, Suite C, Louisville, CO, USA, 80027
CEA Industries Inc through its subsidiary is focused on selling environmental control and other technologies and services to the Controlled Environment Agriculture ("CEA") industry. The company provides integrated mechanical, electrical, and plumbing ("MEP") engineering design, proprietary and curated environmental control equipment, and automation offerings that serve the CEA industry. The Company has one operating segment that is dedicated to the manufacture and sale of its products.
28GF Score

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