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Kioxia HoldingsKXIAY +7.52%18 Debt-to-Equity is 0.90 as of Mar. 2026, which is 6% below its 10-year median of 0.96. GuruFocus rates KXIAY with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 910 Semiconductors companies, Kioxia Holdings ranks worse than 83.08% 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 Kioxia Holdings's Debt-to-Equity or its related term are showing as below:
KXIAY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.61 Med: 0.96 Max: 1.82
Current: 0.9
During the past 5 years, the highest Debt-to-Equity Ratio of Kioxia Holdings was 1.82. The lowest was 0.61. And the median was 0.96.
KXIAY's Debt-to-Equity is ranked worse than 83.08% of 910
companies
in the Semiconductors industry
Industry Median: 0.255
vs KXIAY: 0.90
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.
Kioxia Holdings Debt-to-Equity Related Terms
Kioxia Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Kioxia Holdings'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.
KXIAY vs NVDA, AVGO, MU: Debt-to-Equity Comparison
For the Semiconductors subindustry, Kioxia Holdings'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.
Kioxia Holdings Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Kioxia Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Kioxia Holdings'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.
Kioxia Holdings (KXIAY) has a Debt-to-Equity of 0.90 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Kioxia Holdings and its competitors. This is near median its historical median of 0.96. Over the past decade, Kioxia Holdings' Debt-to-Equity has ranged from 0.61 to 1.82. According to the industry distribution chart, Kioxia Holdings ranks #756 out of 910 companies in the Semiconductors industry, placing it in the top 83.1%.
Is Kioxia Holdings' Debt-to-Equity too high?
Kioxia Holdings' current Debt-to-Equity of 0.90 is near median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.82. The Semiconductors industry median Debt-to-Equity is 0.26. Kioxia Holdings' value of 0.90 is 252.9% above this industry median. Based on the distribution chart, Kioxia Holdings ranks #756 out of 910 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Kioxia Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kioxia Holdings' Debt-to-Equity compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Kioxia Holdings ranks #756 out of 910 companies for Debt-to-Equity. This places Kioxia Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.26. Kioxia Holdings' value of 0.90 is 252.9% above this benchmark. Historically, Kioxia Holdings' own Debt-to-Equity has ranged from 0.61 to 1.82 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.26, Kioxia Holdings 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 Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 910 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. Kioxia Holdings's current Debt-to-Equity of 0.90 is 252.9% 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 Kioxia Holdings and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kioxia Holdings's current Debt-to-Equity is 0.90, which is near median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kioxia Holdings stock overvalued right now?
Kioxia Holdings (KXIAY) has a current Debt-to-Equity of 0.90. The current Debt-to-Equity is 0.90, which is near median its 10-year median of 0.96 and 252.9% above the Semiconductors industry median of 0.26. Kioxia Holdings' overall GF Score™ is 18/100 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 Kioxia Holdings (KXIAY), the current Debt-to-Equity is 0.90 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.
Kioxia Holdings is a Japan-based semiconductor memory manufacturer focusing on NAND memory chips. The company is currently the third-largest NAND supplier globally, with a 14% market share as of 2024. The largest single shareholder of Kioxia is currently Toshiba, which had a 21.9% stake as of November 2025. Kioxia operates nine fabs across Japan: seven in Yokkaichi and two in Kitakami. They are mostly run via a joint venture with Sandisk, Flash Ventures. Flash Ventures is 51% owned by Kioxia. The company's memory chips are used in various consumer electronics and enterprise infrastructure, such as PCs, smartphones, servers, and USB sticks. Of Kioxia's revenue, 51% comes from the sales of NAND memory used in solid-state drives, which are used in PCs and servers.
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