Zalaris ASA (LTS:0QWF) Debt-to-Equity: 2.51 (As of Jun. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

LTS:0QWF Zalaris ASA LTS:0QWF
85 GF Score
Price kr98.80
GF Value kr94.63
Valuation Fairly Valued
! 5 Warning Signs
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What is Zalaris ASA Debt-to-Equity?

Zalaris ASA LTS:0QWF 85 Debt-to-Equity is 2.51 as of Jun. 2026, which is 5% above its 10-year median of 2.38. GuruFocus rates LTS:0QWF with a GF Score™ of 85/100 and a GF Value™ of kr94.63 (Fairly Valued). The stock has 5 warning signs investors should review. Among 954 Business Services companies, Zalaris ASA ranks worse than 91.3% on this metric.

Zalaris ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr31 Mil. Zalaris ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr485 Mil. Zalaris ASA's Total Stockholders Equity for the quarter that ended in Jun. 2026 was kr205 Mil. Zalaris ASA's debt to equity for the quarter that ended in Jun. 2026 was 2.51.

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

LTS:0QWF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 2.38   Max: 4.9
Current: 2.51

During the past 13 years, the highest Debt-to-Equity Ratio of Zalaris ASA was 4.90. The lowest was 0.01. And the median was 2.38.

LTS:0QWF's Debt-to-Equity is ranked worse than
91.3% of 954 companies
in the Business Services industry
Industry Median: 0.33 vs LTS:0QWF: 2.51

Zalaris ASA  (LTS:0QWF) 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.


Zalaris ASA Debt-to-Equity Related Terms


Zalaris ASA Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Zalaris ASA'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.

Zalaris ASA Debt-to-Equity Chart

Zalaris ASA 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 1.87 2.61 2.42 2.05 1.72

Zalaris ASA 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 1.92 1.96 1.72 1.48 2.51

LTS:0QWF vs KFY, RHI, TNET: Debt-to-Equity Comparison

For the Staffing & Employment Services subindustry, Zalaris ASA'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.


Zalaris ASA Debt-to-Equity vs Business Services Industry

For the Business Services industry and Industrials sector, Zalaris ASA's Debt-to-Equity distribution charts can be found below:

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


LTS:0QWF
85GF Score
Zalaris ASA LTS:0QWF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Zalaris ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Zalaris ASA's Debt to Equity Ratio for the quarter that ended in Jun. 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 2.51 mean?
Zalaris ASA (LTS:0QWF) has a Debt-to-Equity of 2.51 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Zalaris ASA and its competitors. This is near median its historical median of 2.38. Over the past decade, Zalaris ASA's Debt-to-Equity has ranged from 0.01 to 4.90. According to the industry distribution chart, Zalaris ASA ranks #871 out of 954 companies in the Business Services industry, placing it in the top 91.3%.
Is Zalaris ASA's Debt-to-Equity too high?
Zalaris ASA's current Debt-to-Equity of 2.51 is near median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 4.90. The Business Services industry median Debt-to-Equity is 0.33. Zalaris ASA's value of 2.51 is 660.6% above this industry median. Based on the distribution chart, Zalaris ASA ranks #871 out of 954 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Zalaris ASA has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zalaris ASA's Debt-to-Equity compare to KFY and RHI?
According to the Business Services industry distribution chart, Zalaris ASA ranks #871 out of 954 companies for Debt-to-Equity. This places Zalaris ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.33. Zalaris ASA's value of 2.51 is 660.6% above this benchmark. Historically, Zalaris ASA's own Debt-to-Equity has ranged from 0.01 to 4.90 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 0.33, Zalaris ASA 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 Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 954 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. Zalaris ASA's current Debt-to-Equity of 2.51 is 660.6% 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 Zalaris ASA and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zalaris ASA's current Debt-to-Equity is 2.51, which is near median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zalaris ASA stock overvalued right now?
Based on GuruFocus' analysis, Zalaris ASA (LTS:0QWF) is currently considered Fairly Valued. The stock's GF Value™ is kr94.63, compared to a current price of kr98.80 — trading 4.4% above its estimated fair value. The current Debt-to-Equity is 2.51, which is near median its 10-year median of 2.38 and 660.6% above the Business Services industry median of 0.33. Zalaris ASA's overall GF Score™ is 85/100 with 5 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 Zalaris ASA (LTS:0QWF), the current Debt-to-Equity is 2.51 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 Zalaris ASA (LTS:0QWF) Overvalued in 2026?

Based on GuruFocus' analysis, Zalaris ASA stock appears to be overvalued. The current stock price of kr98.80 is trading 4.4% above its estimated GF Value™ of kr94.63. GuruFocus considers Zalaris ASA to be Fairly Valued.

Key valuation signals for LTS:0QWF:

  • Debt-to-Equity: 2.51 (near median its 10-year median of 2.38)
  • GF Value™: kr94.63 vs. price of kr98.80 (4.4% above fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 660.6% above the Business Services median (#871 of 954)

No single metric tells the full story. See the LTS:0QWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zalaris ASA Business Description

Address Hoffsveien 4, Oslo, NOR, NO-0275
Zalaris ASA is a company that offers outsourced personnel and payroll services. The company has two reportable segments: Managed Services and Zalaris Consulting. Managed Services include payroll and HR outsourcing services, cloud system solutions and services, and contribute to the majority of the revenue. The Zalaris Consulting segment includes the implementation of SAP HCM & Payroll and SuccessFactors, based on Zalaris templates, or implementation of customer-specific functionalities. Zalaris operates in Norway, Northern Europe, Central Europe, the UK, Ireland, and APAC.
85GF Score

Get the complete analysis for LTS:0QWF

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

kr98.80
Price
kr94.63
GF Value