Bata Pakistan (KAR:BATA) Debt-to-Equity: 1.48 (As of Mar. 2026) — 103% Above 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.

KAR:BATA Bata Pakistan Ltd KAR:BATA
48 GF Score
Price ₨887.04
GF Value ₨1,601.68
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Bata Pakistan Debt-to-Equity?

Bata Pakistan KAR:BATA -0.43% 48 Debt-to-Equity is 1.48 as of Mar. 2026, which is 103% above its 10-year median of 0.73. GuruFocus rates KAR:BATA with a GF Score™ of 48/100 and a GF Value™ of ₨1,601.68 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 931 Manufacturing - Apparel & Accessories companies, Bata Pakistan ranks worse than 86.9% on this metric.

Bata Pakistan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₨1,132 Mil. Bata Pakistan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₨3,345 Mil. Bata Pakistan's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₨3,019 Mil. Bata Pakistan's debt to equity for the quarter that ended in Mar. 2026 was 1.48.

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

KAR:BATA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61   Med: 0.73   Max: 1.48
Current: 1.48

During the past 13 years, the highest Debt-to-Equity Ratio of Bata Pakistan was 1.48. The lowest was 0.61. And the median was 0.73.

KAR:BATA's Debt-to-Equity is ranked worse than
86.9% of 931 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.41 vs KAR:BATA: 1.48

Bata Pakistan  (KAR:BATA) 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.


Bata Pakistan Debt-to-Equity Related Terms


Bata Pakistan Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Bata Pakistan'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.

Bata Pakistan Debt-to-Equity Chart

Bata Pakistan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.80 0.65 0.74 1.41

Bata Pakistan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.79 0.79 0.76 1.41 1.48

KAR:BATA vs NKE, DECK, ONON: Debt-to-Equity Comparison

For the Footwear & Accessories subindustry, Bata Pakistan'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.


Bata Pakistan Debt-to-Equity vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bata Pakistan's Debt-to-Equity distribution charts can be found below:

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


KAR:BATA
48GF Score
Bata Pakistan Ltd KAR:BATA
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Bata Pakistan Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bata Pakistan's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Bata Pakistan'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 1.48 mean?
Bata Pakistan (KAR:BATA) has a Debt-to-Equity of 1.48 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Bata Pakistan and its competitors. This is 103% above median its historical median of 0.73. Over the past decade, Bata Pakistan's Debt-to-Equity has ranged from 0.61 to 1.48. According to the industry distribution chart, Bata Pakistan ranks #809 out of 931 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 86.9%.
Is Bata Pakistan's Debt-to-Equity too high?
Bata Pakistan's current Debt-to-Equity of 1.48 is 103% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.48. The Manufacturing - Apparel & Accessories industry median Debt-to-Equity is 0.41. Bata Pakistan's value of 1.48 is 261% above this industry median. Based on the distribution chart, Bata Pakistan ranks #809 out of 931 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Bata Pakistan has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bata Pakistan's Debt-to-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bata Pakistan ranks #809 out of 931 companies for Debt-to-Equity. This places Bata Pakistan in the lower half of its industry. The industry median Debt-to-Equity is 0.41. Bata Pakistan's value of 1.48 is 261% above this benchmark. Historically, Bata Pakistan's own Debt-to-Equity has ranged from 0.61 to 1.48 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.41, Bata Pakistan 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 0.41, 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. Bata Pakistan's current Debt-to-Equity of 1.48 is 261% 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 Bata Pakistan and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bata Pakistan's current Debt-to-Equity is 1.48, which is 103% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bata Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Bata Pakistan (KAR:BATA) is currently considered Possible Value Trap. The stock's GF Value™ is ₨1,601.68, compared to a current price of ₨887.04 — trading 44.6% below its estimated fair value. The current Debt-to-Equity is 1.48, which is 103% above median its 10-year median of 0.73 and 261% above the Manufacturing - Apparel & Accessories industry median of 0.41. Bata Pakistan's overall GF Score™ is 48/100 with 4 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 Bata Pakistan (KAR:BATA), the current Debt-to-Equity is 1.48 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 Bata Pakistan (KAR:BATA) Overvalued in 2026?

Based on GuruFocus' analysis, Bata Pakistan stock appears to be undervalued. The current stock price of ₨887.04 is trading 44.6% below its estimated GF Value™ of ₨1,601.68. GuruFocus considers Bata Pakistan to be Possible Value Trap.

Key valuation signals for KAR:BATA:

  • Debt-to-Equity: 1.48 (103% above median its 10-year median of 0.73)
  • GF Value™: ₨1,601.68 vs. price of ₨887.04 (44.6% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 261% above the Manufacturing - Apparel & Accessories median (#809 of 931)

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


Bata Pakistan Business Description

Address G.T. Road, P.O. Batapur, Batapur, Lahore, PB, PAK, 53400
Bata Pakistan Ltd is engaged in the manufacturing and sale of footwear of all kinds, along with the sale of accessories and hosiery items. It operates through four segments: Retail, Wholesale, Export, and Others. Its products are for women, men, & kids under categories, such as athletics, casual, comfort, fashion, dress shoes, sandals, & slippers, boys, girls, & school shoes. Its Retail segment includes information relating to sales made from the retail stores of the company. Wholesale: This segment includes information relating to sales made to distributors of the Company. Export: This segment includes information regarding the exports made by the Company to both associated undertakings & other customers. Others: All other sales of the Company, including sales of grinderies & wastages.
48GF Score

Get the complete analysis for KAR:BATA

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

₨887.04
Price
₨1,601.68
GF Value