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Harboes Bryggeri ASFRA:DX4 +0.26%66 Debt-to-Equity is 0.44 as of Apr. 2026, which is 69% above its 10-year median of 0.26. GuruFocus rates FRA:DX4 with a GF Score™ of 66/100 and a GF Value™ of €15.97. The stock has 5 warning signs investors should review. Among 180 Beverages - Alcoholic companies, Harboes Bryggeri AS ranks worse than 56.11% 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 Harboes Bryggeri AS's Debt-to-Equity or its related term are showing as below:
FRA:DX4'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.26 Max: 0.44
Current: 0.44
During the past 13 years, the highest Debt-to-Equity Ratio of Harboes Bryggeri AS was 0.44. The lowest was 0.19. And the median was 0.26.
FRA:DX4's Debt-to-Equity is ranked worse than 56.11% of 180
companies
in the Beverages - Alcoholic industry
Industry Median: 0.375
vs FRA:DX4: 0.44
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.
Harboes Bryggeri AS Debt-to-Equity Related Terms
Harboes Bryggeri AS Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Harboes Bryggeri AS'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.
For the Beverages - Brewers subindustry, Harboes Bryggeri AS'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.
Harboes Bryggeri AS Debt-to-Equity vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Harboes Bryggeri AS'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.
Harboes Bryggeri AS (FRA:DX4) has a Debt-to-Equity of 0.44 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Harboes Bryggeri AS and its competitors. This is 69% above median its historical median of 0.26. Over the past decade, Harboes Bryggeri AS's Debt-to-Equity has ranged from 0.19 to 0.44. According to the industry distribution chart, Harboes Bryggeri AS ranks #101 out of 180 companies in the Beverages - Alcoholic industry, placing it in the top 56.1%.
Is Harboes Bryggeri AS's Debt-to-Equity too high?
Harboes Bryggeri AS's current Debt-to-Equity of 0.44 is 69% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.44. The Beverages - Alcoholic industry median Debt-to-Equity is 0.38. Harboes Bryggeri AS's value of 0.44 is 17.3% above this industry median. Based on the distribution chart, Harboes Bryggeri AS ranks #101 out of 180 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Harboes Bryggeri AS has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's Debt-to-Equity compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Harboes Bryggeri AS ranks #101 out of 180 companies for Debt-to-Equity. This places Harboes Bryggeri AS in the lower half of its industry. The industry median Debt-to-Equity is 0.38. Harboes Bryggeri AS's value of 0.44 is 17.3% above this benchmark. Historically, Harboes Bryggeri AS's own Debt-to-Equity has ranged from 0.19 to 0.44 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.38, Harboes Bryggeri AS 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 Beverages - Alcoholic company?
The median Debt-to-Equity among Beverages - Alcoholic companies is 0.38, based on 180 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. Harboes Bryggeri AS's current Debt-to-Equity of 0.44 is 17.3% 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 Harboes Bryggeri AS and its competitors. For the Beverages - Alcoholic industry, the median Debt-to-Equity is 0.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harboes Bryggeri AS's current Debt-to-Equity is 0.44, which is 69% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Harboes Bryggeri AS (FRA:DX4) has a current Debt-to-Equity of 0.44. The stock's GF Value™ is €15.97, compared to a current price of €15.18 — trading 4.9% below its estimated fair value. The current Debt-to-Equity is 0.44, which is 69% above median its 10-year median of 0.26 and 17.3% above the Beverages - Alcoholic industry median of 0.38. Harboes Bryggeri AS's overall GF Score™ is 66/100 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 Harboes Bryggeri AS (FRA:DX4), the current Debt-to-Equity is 0.44 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.
Is Harboes Bryggeri AS (FRA:DX4) Overvalued in 2026?
Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued.
The current stock price of €15.18 is trading 4.9% below its estimated GF Value™ of €15.97.
Key valuation signals for FRA:DX4:
Debt-to-Equity: 0.44 (69% above median its 10-year median of 0.26)
GF Value™: €15.97 vs. price of €15.18 (4.9% below fair value)
Industry Position: 17.3% above the Beverages - Alcoholic median (#101 of 180)
No single metric tells the full story. See the FRA:DX4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
66GF Score
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