EZGO (EZGO Technologies) Debt-to-Equity: 0.23 (As of Mar. 2026) — 109% 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.

EZGO EZGO Technologies Ltd EZGO
37 GF Score
Price $0.85
GF Value $737.86
Valuation Possible Value Trap
! 5 Warning Signs
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What is EZGO Technologies Debt-to-Equity?

EZGO Technologies EZGO -3.57% 37 Debt-to-Equity is 0.23 as of Mar. 2026, which is 109% above its 10-year median of 0.11. GuruFocus rates EZGO with a GF Score™ of 37/100 and a GF Value™ of $737.86 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,218 Vehicles & Parts companies, EZGO Technologies ranks better than 67.9% on this metric.

EZGO Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $5.46 Mil. EZGO Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $5.78 Mil. EZGO Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $49.50 Mil. EZGO Technologies's debt to equity for the quarter that ended in Mar. 2026 was 0.23.

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 EZGO Technologies's Debt-to-Equity or its related term are showing as below:

EZGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.11   Max: 0.52
Current: 0.23

During the past 8 years, the highest Debt-to-Equity Ratio of EZGO Technologies was 0.52. The lowest was 0.00. And the median was 0.11.

EZGO's Debt-to-Equity is ranked better than
67.9% of 1218 companies
in the Vehicles & Parts industry
Industry Median: 0.46 vs EZGO: 0.23

EZGO Technologies  (NAS:EZGO) 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.


EZGO Technologies Debt-to-Equity Related Terms


EZGO Technologies Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for EZGO Technologies'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.

EZGO Technologies Debt-to-Equity Chart

EZGO Technologies Annual Data
Trend Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-Equity
Get a 7-Day Free Trial 0.01 0.09 0.10 0.25 0.24

EZGO Technologies Semi-Annual Data
Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 0.17 0.25 0.21 0.24 0.23

EZGO vs VMAR, VEEE, MCOM: Debt-to-Equity Comparison

For the Recreational Vehicles subindustry, EZGO Technologies'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.


EZGO Technologies Debt-to-Equity vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, EZGO Technologies's Debt-to-Equity distribution charts can be found below:

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


EZGO
37GF Score
EZGO Technologies Ltd EZGO
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

EZGO Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EZGO Technologies's Debt to Equity Ratio for the fiscal year that ended in Sep. 2025 is calculated as

EZGO Technologies'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 0.23 mean?
EZGO Technologies (EZGO) has a Debt-to-Equity of 0.23 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on EZGO Technologies and its competitors. This is 109% above median its historical median of 0.11. According to the industry distribution chart, EZGO Technologies ranks #391 out of 1218 companies in the Vehicles & Parts industry, placing it in the top 32.1%.
Is EZGO Technologies' Debt-to-Equity too high?
EZGO Technologies' current Debt-to-Equity of 0.23 is 109% above median its 10-year median of 0.11. The Vehicles & Parts industry median Debt-to-Equity is 0.46. EZGO Technologies' value of 0.23 is 50% below this industry median. Based on the distribution chart, EZGO Technologies ranks #391 out of 1218 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, EZGO Technologies has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does EZGO Technologies' Debt-to-Equity compare to VMAR and VEEE?
According to the Vehicles & Parts industry distribution chart, EZGO Technologies ranks #391 out of 1218 companies for Debt-to-Equity. This puts EZGO Technologies in the upper half of its industry. The industry median Debt-to-Equity is 0.46. EZGO Technologies' value of 0.23 is 50% below this benchmark. While the company's 10-year median is 0.11 vs. the industry median of 0.46, EZGO Technologies 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 Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,218 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. EZGO Technologies's current Debt-to-Equity of 0.23 is 50% 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 EZGO Technologies and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EZGO Technologies's current Debt-to-Equity is 0.23, which is 109% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZGO Technologies stock overvalued right now?
Based on GuruFocus' analysis, EZGO Technologies (EZGO) is currently considered Possible Value Trap. The stock's GF Value™ is $737.86, compared to a current price of $0.85 — trading 99.9% below its estimated fair value. The current Debt-to-Equity is 0.23, which is 109% above median its 10-year median of 0.11 and 50% below the Vehicles & Parts industry median of 0.46. EZGO Technologies' overall GF Score™ is 37/100 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 EZGO Technologies (EZGO), the current Debt-to-Equity is 0.23 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 EZGO Technologies (EZGO) Overvalued in 2026?

Based on GuruFocus' analysis, EZGO Technologies stock appears to be undervalued. The current stock price of $0.85 is trading 99.9% below its estimated GF Value™ of $737.86. GuruFocus considers EZGO Technologies to be Possible Value Trap.

Key valuation signals for EZGO:

  • Debt-to-Equity: 0.23 (109% above median its 10-year median of 0.11)
  • GF Value™: $737.86 vs. price of $0.85 (99.9% below fair value)
  • GF Score™: 37/100 with 5 warning signs
  • Industry Position: 50% below the Vehicles & Parts median (#391 of 1218)

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


EZGO Technologies Business Description

Address Changzhou Institute of Dalian University of Technology, Building No. A, Floor 2, Science and Education Town, Wujin District, Jiangsu, Changzhou, CHN, 213164
EZGO Technologies Ltd is engaged in the sale of e-bicycles and battery and e-bicycle rentals, complemented by the sale of battery packs, battery cell trading and charging pile business. Its product categories include e-bicycle, Intelligent unmanned patrol car, e-motorcycle and e-moped and urban style e-tricycle. Its segments include the Battery cells and packs, electronic control system and intelligent robot segment. and the E-bicycle sales segment. The company generates maximum revenue from the Battery cells and packs segment.
37GF Score

Get the complete analysis for EZGO

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

$0.85
Price
$737.86
GF Value