Saif Power (KAR:SPWL) Debt-to-Equity: 0.47 (As of Mar. 2026) — 20% 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.

KAR:SPWL Saif Power Ltd KAR:SPWL
69 GF Score
Price ₨8.99
GF Value ₨8.48
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Saif Power Debt-to-Equity?

Saif Power KAR:SPWL -0.88% 69 Debt-to-Equity is 0.47 as of Mar. 2026, which is 20% below its 10-year median of 0.59. GuruFocus rates KAR:SPWL with a GF Score™ of 69/100 and a GF Value™ of ₨8.48 (Fairly Valued). The stock has 6 warning signs investors should review. Among 401 Utilities - Independent Power Producers companies, Saif Power ranks better than 67.33% on this metric.

Saif Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₨4,252 Mil. Saif Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₨672 Mil. Saif Power's Total Stockholders Equity for the quarter that ended in Mar. 2026 was ₨10,469 Mil. Saif Power's debt to equity for the quarter that ended in Mar. 2026 was 0.47.

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

KAR:SPWL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39   Med: 0.59   Max: 1.17
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Saif Power was 1.17. The lowest was 0.39. And the median was 0.59.

KAR:SPWL's Debt-to-Equity is ranked better than
67.33% of 401 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.84 vs KAR:SPWL: 0.47

Saif Power  (KAR:SPWL) 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.


Saif Power Debt-to-Equity Related Terms


Saif Power Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Saif Power'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.

Saif Power Debt-to-Equity Chart

Saif Power 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 0.52 1.17 1.02 0.71 0.45

Saif Power 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 0.72 0.64 0.42 0.45 0.47

KAR:SPWL vs CEG, VST, NRG: Debt-to-Equity Comparison

For the Utilities - Independent Power Producers subindustry, Saif Power'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.


Saif Power Debt-to-Equity vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Saif Power's Debt-to-Equity distribution charts can be found below:

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


KAR:SPWL
69GF Score
Saif Power Ltd KAR:SPWL
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saif Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Saif Power'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 0.47 mean?
Saif Power (KAR:SPWL) has a Debt-to-Equity of 0.47 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Saif Power and its competitors. This is 20% below median its historical median of 0.59. Over the past decade, Saif Power's Debt-to-Equity has ranged from 0.39 to 1.17. According to the industry distribution chart, Saif Power ranks #131 out of 401 companies in the Utilities - Independent Power Producers industry, placing it in the top 32.7%.
Is Saif Power's Debt-to-Equity too high?
Saif Power's current Debt-to-Equity of 0.47 is 20% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.17. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.84. Saif Power's value of 0.47 is 44% below this industry median. Based on the distribution chart, Saif Power ranks #131 out of 401 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Saif Power has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Saif Power's Debt-to-Equity compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Saif Power ranks #131 out of 401 companies for Debt-to-Equity. This puts Saif Power in the upper half of its industry. The industry median Debt-to-Equity is 0.84. Saif Power's value of 0.47 is 44% below this benchmark. Historically, Saif Power's own Debt-to-Equity has ranged from 0.39 to 1.17 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.84, Saif Power 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 - Independent Power Producers company?
The median Debt-to-Equity among Utilities - Independent Power Producers companies is 0.84, based on 401 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. Saif Power's current Debt-to-Equity of 0.47 is 44% 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 Saif Power and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saif Power's current Debt-to-Equity is 0.47, which is 20% below median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saif Power stock overvalued right now?
Based on GuruFocus' analysis, Saif Power (KAR:SPWL) is currently considered Fairly Valued. The stock's GF Value™ is ₨8.48, compared to a current price of ₨8.99 — trading 6% above its estimated fair value. The current Debt-to-Equity is 0.47, which is 20% below median its 10-year median of 0.59 and 44% below the Utilities - Independent Power Producers industry median of 0.84. Saif Power's overall GF Score™ is 69/100 with 6 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 Saif Power (KAR:SPWL), the current Debt-to-Equity is 0.47 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 Saif Power (KAR:SPWL) Overvalued in 2026?

Based on GuruFocus' analysis, Saif Power stock appears to be overvalued. The current stock price of ₨8.99 is trading 6% above its estimated GF Value™ of ₨8.48. GuruFocus considers Saif Power to be Fairly Valued.

Key valuation signals for KAR:SPWL:

  • Debt-to-Equity: 0.47 (20% below median its 10-year median of 0.59)
  • GF Value™: ₨8.48 vs. price of ₨8.99 (6% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 44% below the Utilities - Independent Power Producers median (#131 of 401)

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


Saif Power Business Description

Address Fazal-ul-Haq Road, Block E, 1st Floor, Kashmir Commercial Complex, Blue Area, Islamabad, PB, PAK
Saif Power Ltd is an independent power producer based in Pakistan. Its principal activities are to own, operate and maintain a combined cycle power plant and sell the electricity to Central Power Purchasing Agency Guarantee (CPPA-G).
69GF Score

Get the complete analysis for KAR:SPWL

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

₨8.99
Price
₨8.48
GF Value