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Path2 Hydrogen AGFRA:PTHH 22 Debt-to-Equity is 0.97 as of Dec. 2025, which is 31% above its 10-year median of 0.74. GuruFocus rates FRA:PTHH with a GF Score™ of 22/100. The stock has 5 warning signs investors should review. Among 472 Utilities - Regulated companies, Path2 Hydrogen AG ranks better than 50.21% 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 Path2 Hydrogen AG's Debt-to-Equity or its related term are showing as below:
FRA:PTHH'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.33 Med: 0.74 Max: 2.19
Current: 0.97
During the past 13 years, the highest Debt-to-Equity Ratio of Path2 Hydrogen AG was 2.19. The lowest was -1.33. And the median was 0.74.
FRA:PTHH's Debt-to-Equity is ranked better than 50.21% of 472
companies
in the Utilities - Regulated industry
Industry Median: 0.975
vs FRA:PTHH: 0.97
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.
Path2 Hydrogen AG Debt-to-Equity Related Terms
Path2 Hydrogen AG Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Path2 Hydrogen 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.
FRA:PTHH vs ATO, NI, UGI: Debt-to-Equity Comparison
For the Utilities - Regulated Gas subindustry, Path2 Hydrogen 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.
Path2 Hydrogen AG Debt-to-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Path2 Hydrogen AG's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Path2 Hydrogen 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.
Path2 Hydrogen AG (FRA:PTHH) has a Debt-to-Equity of 0.97 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Path2 Hydrogen AG and its competitors. This is 31% above median its historical median of 0.74. According to the industry distribution chart, Path2 Hydrogen AG ranks #235 out of 472 companies in the Utilities - Regulated industry, placing it in the top 49.8%.
Is Path2 Hydrogen AG's Debt-to-Equity too high?
Path2 Hydrogen AG's current Debt-to-Equity of 0.97 is 31% above median its 10-year median of 0.74. The Utilities - Regulated industry median Debt-to-Equity is 0.98. Path2 Hydrogen AG's value of 0.97 is 0.5% below this industry median. Based on the distribution chart, Path2 Hydrogen AG ranks #235 out of 472 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Path2 Hydrogen AG has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Path2 Hydrogen AG's Debt-to-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Path2 Hydrogen AG ranks #235 out of 472 companies for Debt-to-Equity. This puts Path2 Hydrogen AG in the upper half of its industry. The industry median Debt-to-Equity is 0.98. Path2 Hydrogen AG's value of 0.97 is 0.5% below this benchmark. While the company's 10-year median is 0.74 vs. the industry median of 0.98, Path2 Hydrogen AG 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 an Utilities - Regulated company?
The median Debt-to-Equity among Utilities - Regulated companies is 0.98, based on 472 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. Path2 Hydrogen AG's current Debt-to-Equity of 0.97 is 0.5% 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 Path2 Hydrogen AG and its competitors. For the Utilities - Regulated industry, the median Debt-to-Equity is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Path2 Hydrogen AG's current Debt-to-Equity is 0.97, which is 31% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Path2 Hydrogen AG stock overvalued right now?
Path2 Hydrogen AG (FRA:PTHH) has a current Debt-to-Equity of 0.97. The current Debt-to-Equity is 0.97, which is 31% above median its 10-year median of 0.74 and 0.5% below the Utilities - Regulated industry median of 0.98. Path2 Hydrogen AG's overall GF Score™ is 22/100 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 Path2 Hydrogen AG (FRA:PTHH), the current Debt-to-Equity is 0.97 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.
Path2 Hydrogen AG is focused on advancing the hydrogen infrastructure economy. It involves in liquefaction, transfer and storage of hydrogen and equipment.
22GF Score
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