CanaanCAN -1.82%39 Debt-to-Equity is 0.15 as of Mar. 2026, which is 50% above its 10-year median of 0.10. GuruFocus rates CAN with a GF Score™ of 39/100 and a GF Value™ of $0.66 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,217 Hardware companies, Canaan ranks better than 65.18% 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 Canaan's Debt-to-Equity or its related term are showing as below:
CAN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 4.35
Current: 0.15
During the past 9 years, the highest Debt-to-Equity Ratio of Canaan was 4.35. The lowest was 0.00. And the median was 0.10.
CAN's Debt-to-Equity is ranked better than 65.18% of 2217
companies
in the Hardware industry
Industry Median: 0.27
vs CAN: 0.15
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.
Canaan Debt-to-Equity Related Terms
Canaan Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Canaan'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.
CAN vs ALOT, BGIN, NNDM: Debt-to-Equity Comparison
For the Computer Hardware subindustry, Canaan'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.
Canaan Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Canaan's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Canaan'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.
Canaan (CAN) has a Debt-to-Equity of 0.15 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Canaan and its competitors. This is 50% above median its historical median of 0.10. According to the industry distribution chart, Canaan ranks #772 out of 2217 companies in the Hardware industry, placing it in the top 34.8%.
Is Canaan's Debt-to-Equity too high?
Canaan's current Debt-to-Equity of 0.15 is 50% above median its 10-year median of 0.10. The Hardware industry median Debt-to-Equity is 0.27. Canaan's value of 0.15 is 44.4% below this industry median. Based on the distribution chart, Canaan ranks #772 out of 2217 companies in the Hardware industry, which is above the industry midpoint. Overall, Canaan has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Canaan's Debt-to-Equity compare to ALOT and BGIN?
According to the Hardware industry distribution chart, Canaan ranks #772 out of 2217 companies for Debt-to-Equity. This puts Canaan in the upper half of its industry. The industry median Debt-to-Equity is 0.27. Canaan's value of 0.15 is 44.4% below this benchmark. While the company's 10-year median is 0.10 vs. the industry median of 0.27, Canaan 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, based on 2,217 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. Canaan's current Debt-to-Equity of 0.15 is 44.4% 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 Canaan and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canaan's current Debt-to-Equity is 0.15, which is 50% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canaan stock overvalued right now?
Based on GuruFocus' analysis, Canaan (CAN) is currently considered Possible Value Trap. The stock's GF Value™ is $0.66, compared to a current price of $0.30 — trading 54.1% below its estimated fair value. The current Debt-to-Equity is 0.15, which is 50% above median its 10-year median of 0.10 and 44.4% below the Hardware industry median of 0.27. Canaan's overall GF Score™ is 39/100 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 Canaan (CAN), the current Debt-to-Equity is 0.15 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.
Is Canaan (CAN) Overvalued in 2026?
Based on GuruFocus' analysis, Canaan stock appears to be undervalued.
The current stock price of $0.30 is trading 54.1% below its estimated GF Value™ of $0.66.
GuruFocus considers Canaan to be Possible Value Trap.
Key valuation signals for CAN:
Debt-to-Equity: 0.15 (50% above median its 10-year median of 0.10)
GF Value™: $0.66 vs. price of $0.30 (54.1% below fair value)
Industry Position: 44.4% below the Hardware median (#772 of 2217)
No single metric tells the full story. See the CAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.
39GF Score
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