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Northern Data AGCHIX:NB2D 49 Debt-to-Equity is 1.69 as of Dec. 2025, which is 604% above its 10-year median of 0.24. GuruFocus rates CHIX:NB2D with a GF Score™ of 49/100 and a GF Value™ of €49.92. The stock has 8 warning signs investors should review. Among 2,247 Software companies, Northern Data AG ranks worse than 92.12% 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 Northern Data AG's Debt-to-Equity or its related term are showing as below:
CHIX:NB2d'
s Debt-to-Equity Range Over the Past 10 Years
Min: -2.24 Med: 0.24 Max: 13.47
Current: 1.69
During the past 12 years, the highest Debt-to-Equity Ratio of Northern Data AG was 13.47. The lowest was -2.24. And the median was 0.24.
CHIX:NB2d's Debt-to-Equity is ranked worse than 92.12% of 2247
companies
in the Software industry
Industry Median: 0.19
vs CHIX:NB2d: 1.69
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.
Northern Data AG Debt-to-Equity Related Terms
Northern Data AG Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Northern Data AG'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.
CHIX:NB2D vs IBM, ACN, FISV: Debt-to-Equity Comparison
For the Information Technology Services subindustry, Northern Data AG'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.
Northern Data AG Debt-to-Equity vs Software Industry
For the Software industry and Technology sector, Northern Data AG's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Northern Data AG'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.
Northern Data AG (CHIX:NB2D) has a Debt-to-Equity of 1.69 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Northern Data AG and its competitors. This is 604% above median its historical median of 0.24. According to the industry distribution chart, Northern Data AG ranks #2070 out of 2247 companies in the Software industry, placing it in the top 92.1%.
Is Northern Data AG's Debt-to-Equity too high?
Northern Data AG's current Debt-to-Equity of 1.69 is 604% above median its 10-year median of 0.24. The Software industry median Debt-to-Equity is 0.19. Northern Data AG's value of 1.69 is 789.5% above this industry median. Based on the distribution chart, Northern Data AG ranks #2070 out of 2247 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Northern Data AG has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Northern Data AG's Debt-to-Equity compare to IBM and ACN?
According to the Software industry distribution chart, Northern Data AG ranks #2070 out of 2247 companies for Debt-to-Equity. This places Northern Data AG in the lower half of its industry. The industry median Debt-to-Equity is 0.19. Northern Data AG's value of 1.69 is 789.5% above this benchmark. While the company's 10-year median is 0.24 vs. the industry median of 0.19, Northern Data AG 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 a Software company?
The median Debt-to-Equity among Software companies is 0.19, based on 2,247 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. Northern Data AG's current Debt-to-Equity of 1.69 is 789.5% 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 Northern Data AG 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. Northern Data AG's current Debt-to-Equity is 1.69, which is 604% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Data AG stock overvalued right now?
Northern Data AG (CHIX:NB2D) has a current Debt-to-Equity of 1.69. The stock's GF Value™ is €49.92, compared to a current price of €47.53 — trading 4.8% below its estimated fair value. The current Debt-to-Equity is 1.69, which is 604% above median its 10-year median of 0.24 and 789.5% above the Software industry median of 0.19. Northern Data AG's overall GF Score™ is 49/100 with 8 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 Northern Data AG (CHIX:NB2D), the current Debt-to-Equity is 1.69 as of Dec. 2025. 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 Northern Data AG (CHIX:NB2D) Overvalued in 2026?
Based on GuruFocus' analysis, Northern Data AG stock appears to be undervalued.
The current stock price of €47.53 is trading 4.8% below its estimated GF Value™ of €49.92.
Key valuation signals for CHIX:NB2D:
Debt-to-Equity: 1.69 (604% above median its 10-year median of 0.24)
GF Value™: €49.92 vs. price of €47.53 (4.8% below fair value)
Industry Position: 789.5% above the Software median (#2070 of 2247)
No single metric tells the full story. See the CHIX:NB2D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northern Data AG is a Business-to-Business technology company developing, using, and selling solutions on vertically integrated computing infrastructure. Its segment includes Peak Mining; Taiga Cloud and Ardent Data Centers. Geographically, it operates in Europe (excluding Germany), North America, and Germany. The company derives maximum revenue from Europe.
49GF Score
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