Grems (GRMZF) Debt-to-Equity: 0.19 (As of Mar. 2026) — 37% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

GRMZF Grems Inc GRMZF
100 GF Score
Price $18.44
GF Value $19.26
! 2 Warning Signs
View Full Analysis

What is Grems Debt-to-Equity?

Grems GRMZF +63.19% 100 Debt-to-Equity is 0.19 as of Mar. 2026, which is 37% below its 10-year median of 0.30. GuruFocus rates GRMZF with a GF Score™ of 100/100 and a GF Value™ of $19.26. The stock has 2 warning signs investors should review. Among 471 Utilities - Regulated companies, Grems ranks better than 83.23% on this metric.

Grems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $8.3 Mil. Grems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $14.7 Mil. Grems's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $123.3 Mil. Grems's debt to equity for the quarter that ended in Mar. 2026 was 0.19.

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

GRMZF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19   Med: 0.3   Max: 0.54
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Grems was 0.54. The lowest was 0.19. And the median was 0.30.

GRMZF's Debt-to-Equity is ranked better than
83.23% of 471 companies
in the Utilities - Regulated industry
Industry Median: 0.98 vs GRMZF: 0.17

Grems  (OTCPK:GRMZF) 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.


Grems Debt-to-Equity Related Terms


Grems Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Grems'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.

Grems Debt-to-Equity Chart

Grems Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.20 0.32 0.29 0.23 0.19

Grems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.27 0.23 0.22 0.19 0.17

GRMZF vs NEE, SO, DUK: Debt-to-Equity Comparison

For the Utilities - Regulated Electric subindustry, Grems'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.


Grems Debt-to-Equity vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Grems's Debt-to-Equity distribution charts can be found below:

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


GRMZF
100GF Score
Grems Inc GRMZF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grems's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Grems'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 0.19 mean?
Grems (GRMZF) has a Debt-to-Equity of 0.19 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Grems and its competitors. This is 37% below median its historical median of 0.30. Over the past decade, Grems' Debt-to-Equity has ranged from 0.19 to 0.54. According to the industry distribution chart, Grems ranks #79 out of 471 companies in the Utilities - Regulated industry, placing it in the top 16.8%.
Is Grems' Debt-to-Equity too high?
Grems' current Debt-to-Equity of 0.19 is 37% below median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.54. The Utilities - Regulated industry median Debt-to-Equity is 0.98. Grems' value of 0.19 is 80.6% below this industry median. Based on the distribution chart, Grems ranks #79 out of 471 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Grems has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Grems' Debt-to-Equity compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Grems ranks #79 out of 471 companies for Debt-to-Equity. This places Grems in the top 17% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.98. Grems' value of 0.19 is 80.6% below this benchmark. Historically, Grems' own Debt-to-Equity has ranged from 0.19 to 0.54 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.98, Grems 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 471 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. Grems's current Debt-to-Equity of 0.19 is 80.6% 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 Grems 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. Grems's current Debt-to-Equity is 0.19, which is 37% below median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grems stock overvalued right now?
Grems (GRMZF) has a current Debt-to-Equity of 0.19. The stock's GF Value™ is $19.26, compared to a current price of $18.44 — trading 4.3% below its estimated fair value. The current Debt-to-Equity is 0.19, which is 37% below median its 10-year median of 0.30 and 80.6% below the Utilities - Regulated industry median of 0.98. Grems' overall GF Score™ is 100/100 with 2 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 Grems (GRMZF), the current Debt-to-Equity is 0.19 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 Grems (GRMZF) Overvalued in 2026?

Based on GuruFocus' analysis, Grems stock appears to be undervalued. The current stock price of $18.44 is trading 4.3% below its estimated GF Value™ of $19.26.

Key valuation signals for GRMZF:

  • Debt-to-Equity: 0.19 (37% below median its 10-year median of 0.30)
  • GF Value™: $19.26 vs. price of $18.44 (4.3% below fair value)
  • GF Score™: 100/100 with 2 warning signs
  • Industry Position: 80.6% below the Utilities - Regulated median (#79 of 471)

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


Grems Business Description

Other Exchanges 3150:Japan
Address 2-2-4 Higashi-Shinagawa, Tennoz First Tower, 19th Floor, Shinagawa-Ku, Tokyo, JPN, 140-0002
Grems Inc is engaged in providing consulting services to help businesses reduce their electric power consumption through its subsidiary. Its segments are Energy Cost Solutions Business; Smart House Project Business; and Retail Electricity Business, which derives maximum revenue.
100GF Score

Get the complete analysis for GRMZF

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

$18.44
Price
$19.26
GF Value