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Rocky BrandsFRA:RCK 67 Debt-to-Equity is 0.49 as of Jun. 2026, which is 14% below its 10-year median of 0.57. GuruFocus rates FRA:RCK with a GF Score™ of 67/100 and a GF Value™ of €24.40. The stock has 8 warning signs investors should review. Among 931 Manufacturing - Apparel & Accessories companies, Rocky Brands ranks worse than 54.46% 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 Rocky Brands's Debt-to-Equity or its related term are showing as below:
FRA:RCK'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.57 Max: 1.43
Current: 0.49
During the past 13 years, the highest Debt-to-Equity Ratio of Rocky Brands was 1.43. The lowest was 0.00. And the median was 0.57.
FRA:RCK's Debt-to-Equity is ranked worse than 54.46% of 931
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.42
vs FRA:RCK: 0.49
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.
Rocky Brands Debt-to-Equity Related Terms
Rocky Brands Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Rocky Brands'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:RCK vs FWDI, DBI, WEYS: Debt-to-Equity Comparison
For the Footwear & Accessories subindustry, Rocky Brands'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.
Rocky Brands Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Rocky Brands's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Rocky Brands'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.
Rocky Brands (FRA:RCK) has a Debt-to-Equity of 0.49 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Rocky Brands and its competitors. This is 14% below median its historical median of 0.57. According to the industry distribution chart, Rocky Brands ranks #507 out of 931 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 54.5%.
Is Rocky Brands' Debt-to-Equity too high?
Rocky Brands' current Debt-to-Equity of 0.49 is 14% below median its 10-year median of 0.57. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.42. Rocky Brands' value of 0.49 is 16.7% above this industry median. Based on the distribution chart, Rocky Brands ranks #507 out of 931 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Rocky Brands has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Rocky Brands' Debt-to-Equity compare to FWDI and DBI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Rocky Brands ranks #507 out of 931 companies for Debt-to-Equity. This places Rocky Brands in the lower half of its industry. The industry median Debt-to-Equity is 0.42. Rocky Brands' value of 0.49 is 16.7% above this benchmark. While the company's 10-year median is 0.57 vs. the industry median of 0.42, Rocky Brands 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-Equity among Manufacturing - Apparel & Accessories companies is 0.42, based on 931 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. Rocky Brands's current Debt-to-Equity of 0.49 is 16.7% 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 Rocky Brands and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rocky Brands's current Debt-to-Equity is 0.49, which is 14% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rocky Brands stock overvalued right now?
Rocky Brands (FRA:RCK) has a current Debt-to-Equity of 0.49. The stock's GF Value™ is €24.40, compared to a current price of €39.60 — trading 62.3% above its estimated fair value. The current Debt-to-Equity is 0.49, which is 14% below median its 10-year median of 0.57 and 16.7% above the Manufacturing - Apparel & Accessories industry median of 0.42. Rocky Brands' overall GF Score™ is 67/100 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 Rocky Brands (FRA:RCK), the current Debt-to-Equity is 0.49 as of Jun. 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 Rocky Brands (FRA:RCK) Overvalued in 2026?
Based on GuruFocus' analysis, Rocky Brands stock appears to be overvalued.
The current stock price of €39.60 is trading 62.3% above its estimated GF Value™ of €24.40.
Key valuation signals for FRA:RCK:
Debt-to-Equity: 0.49 (14% below median its 10-year median of 0.57)
GF Value™: €24.40 vs. price of €39.60 (62.3% above fair value)
Industry Position: 16.7% above the Manufacturing - Apparel & Accessories median (#507 of 931)
No single metric tells the full story. See the FRA:RCK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Rocky Brands Inc is a designer, manufacturer, and marketer of premium footwear and apparel under brands such as Muck, XTRATUF, Rocky, Durango, Georgia Boot, Lehigh, Ranger, and the licensed brand Michelin. The company operates through three segments, with the wholesale segment generating the majority of revenue through sales of footwear and accessories to sporting goods stores, outdoor specialty stores, online retailers, marine stores, independent retailers, mass merchants, retail uniform stores, and specialty safety shoe stores. The retail segment focuses on direct-to-consumer sales through e-commerce platforms and company-operated stores, while the contract manufacturing segment includes sales to the U.S. military, private label production, and sourcing arrangements for customers.
67GF Score
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