GARO AB (CHIX:GAROS) Debt-to-Equity: 0.53 (As of Mar. 2026) — 96% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

CHIX:GAROS GARO AB CHIX:GAROS
61 GF Score
Price kr59.30
GF Value kr104.49
! 5 Warning Signs
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What is GARO AB Debt-to-Equity?

GARO AB CHIX:GAROS 61 Debt-to-Equity is 0.53 as of Mar. 2026, which is 96% above its 10-year median of 0.27. GuruFocus rates CHIX:GAROS with a GF Score™ of 61/100 and a GF Value™ of kr104.49. The stock has 5 warning signs investors should review. Among 2,683 Industrial Products companies, GARO AB ranks worse than 69.47% on this metric.

GARO AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr179 Mil. GARO AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr93 Mil. GARO AB's Total Stockholders Equity for the quarter that ended in Mar. 2026 was kr514 Mil. GARO AB's debt to equity for the quarter that ended in Mar. 2026 was 0.53.

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 GARO AB's Debt-to-Equity or its related term are showing as below:

CHIX:GAROs' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12   Med: 0.27   Max: 0.6
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of GARO AB was 0.60. The lowest was 0.12. And the median was 0.27.

CHIX:GAROs's Debt-to-Equity is ranked worse than
69.47% of 2683 companies
in the Industrial Products industry
Industry Median: 0.28 vs CHIX:GAROs: 0.53

GARO AB  (CHIX:GAROs) 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.


GARO AB Debt-to-Equity Related Terms


GARO AB Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for GARO AB'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.

GARO AB Debt-to-Equity Chart

GARO AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.13 0.28 0.45 0.54 0.49

GARO AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.55 0.53 0.52 0.49 0.53

CHIX:GAROS vs VRT, BE, HUBB: Debt-to-Equity Comparison

For the Electrical Equipment & Parts subindustry, GARO AB'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.


GARO AB Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, GARO AB's Debt-to-Equity distribution charts can be found below:

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


CHIX:GAROS
61GF Score
GARO AB CHIX:GAROS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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GARO AB Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GARO AB's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

GARO AB's Debt to Equity Ratio for the quarter that ended in Mar. 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 0.53 mean?
GARO AB (CHIX:GAROS) has a Debt-to-Equity of 0.53 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on GARO AB and its competitors. This is 96% above median its historical median of 0.27. Over the past decade, GARO AB's Debt-to-Equity has ranged from 0.12 to 0.60. According to the industry distribution chart, GARO AB ranks #1864 out of 2683 companies in the Industrial Products industry, placing it in the top 69.5%.
Is GARO AB's Debt-to-Equity too high?
GARO AB's current Debt-to-Equity of 0.53 is 96% above median its 10-year median of 0.27. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.60. The Industrial Products industry median Debt-to-Equity is 0.28. GARO AB's value of 0.53 is 89.3% above this industry median. Based on the distribution chart, GARO AB ranks #1864 out of 2683 companies in the Industrial Products industry, which is below the industry midpoint. Overall, GARO AB has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does GARO AB's Debt-to-Equity compare to VRT and BE?
According to the Industrial Products industry distribution chart, GARO AB ranks #1864 out of 2683 companies for Debt-to-Equity. This places GARO AB in the lower half of its industry. The industry median Debt-to-Equity is 0.28. GARO AB's value of 0.53 is 89.3% above this benchmark. Historically, GARO AB's own Debt-to-Equity has ranged from 0.12 to 0.60 over the past decade. While the company's 10-year median is 0.27 vs. the industry median of 0.28, GARO AB has consistently been above 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,683 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. GARO AB's current Debt-to-Equity of 0.53 is 89.3% above 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 GARO AB and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GARO AB's current Debt-to-Equity is 0.53, which is 96% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GARO AB stock overvalued right now?
GARO AB (CHIX:GAROS) has a current Debt-to-Equity of 0.53. The stock's GF Value™ is kr104.49, compared to a current price of kr59.30 — trading 43.2% below its estimated fair value. The current Debt-to-Equity is 0.53, which is 96% above median its 10-year median of 0.27 and 89.3% above the Industrial Products industry median of 0.28. GARO AB's overall GF Score™ is 61/100 with 5 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 GARO AB (CHIX:GAROS), the current Debt-to-Equity is 0.53 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 GARO AB (CHIX:GAROS) Overvalued in 2026?

Based on GuruFocus' analysis, GARO AB stock appears to be undervalued. The current stock price of kr59.30 is trading 43.2% below its estimated GF Value™ of kr104.49.

Key valuation signals for CHIX:GAROS:

  • Debt-to-Equity: 0.53 (96% above median its 10-year median of 0.27)
  • GF Value™: kr104.49 vs. price of kr59.30 (43.2% below fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 89.3% above the Industrial Products median (#1864 of 2683)

No single metric tells the full story. See the CHIX:GAROS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GARO AB Business Description

Other Exchanges GARO:Sweden0REY:UK
Address Sodergatan 26, Box 203, Gnosjo, SWE, SE-335 33
GARO AB develops, manufactures, and supplies products and systems for the electrical installations industry under its own brand. The company has operations in Sweden, Norway, Ireland, Finland, UK. Germany, Poland, and other countries. It is organized into two business segments: GARO Electrification and GARO E-mobility. GARO has a broad product assortment and is a market leader within several product areas. The majority of its revenue comes from the GARO Electrification segment. The operations in the GARO Electrification segment (BA) comprise the Electrical distribution products, Project business, and Temporary Power product areas. The GARO E-mobility segment (BA) includes only the E-mobility product area. In addition to trading operations, it includes in-house production at two facilities.
61GF Score

Get the complete analysis for CHIX:GAROS

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr59.30
Price
kr104.49
GF Value