Aqualis ASA (LTS:0QXF) Debt-to-Equity: 0.43 (As of Jun. 2026) — 65% 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.

LTS:0QXF Aqualis ASA LTS:0QXF
75 GF Score
Price kr8.79
GF Value kr11.02
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Aqualis ASA Debt-to-Equity?

Aqualis ASA LTS:0QXF +1.03% 75 Debt-to-Equity is 0.43 as of Jun. 2026, which is 65% above its 10-year median of 0.26. GuruFocus rates LTS:0QXF with a GF Score™ of 75/100 and a GF Value™ of kr11.02 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 950 Business Services companies, Aqualis ASA ranks worse than 56.53% on this metric.

Aqualis ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr301 Mil. Aqualis ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr56 Mil. Aqualis ASA's Total Stockholders Equity for the quarter that ended in Jun. 2026 was kr833 Mil. Aqualis ASA's debt to equity for the quarter that ended in Jun. 2026 was 0.43.

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

LTS:0QXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.26   Max: 0.43
Current: 0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Aqualis ASA was 0.43. The lowest was 0.04. And the median was 0.26.

LTS:0QXF's Debt-to-Equity is ranked worse than
56.53% of 950 companies
in the Business Services industry
Industry Median: 0.34 vs LTS:0QXF: 0.43

Aqualis ASA  (LTS:0QXF) 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.


Aqualis ASA Debt-to-Equity Related Terms


Aqualis ASA Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Aqualis 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.

Aqualis ASA Debt-to-Equity Chart

Aqualis 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 0.23 0.32 0.19 0.23 0.33

Aqualis 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 0.26 0.26 0.33 0.36 0.43

LTS:0QXF vs CTAS, CPRT, GPN: Debt-to-Equity Comparison

For the Specialty Business Services subindustry, Aqualis 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.


Aqualis ASA Debt-to-Equity vs Business Services Industry

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

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


LTS:0QXF
75GF Score
Aqualis ASA LTS:0QXF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aqualis ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Aqualis 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 0.43 mean?
Aqualis ASA (LTS:0QXF) has a Debt-to-Equity of 0.43 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Aqualis ASA and its competitors. This is 65% above median its historical median of 0.26. Over the past decade, Aqualis ASA's Debt-to-Equity has ranged from 0.04 to 0.43. According to the industry distribution chart, Aqualis ASA ranks #537 out of 950 companies in the Business Services industry, placing it in the top 56.5%.
Is Aqualis ASA's Debt-to-Equity too high?
Aqualis ASA's current Debt-to-Equity of 0.43 is 65% above median its 10-year median of 0.26. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.43. The Business Services industry median Debt-to-Equity is 0.34. Aqualis ASA's value of 0.43 is 26.5% above this industry median. Based on the distribution chart, Aqualis ASA ranks #537 out of 950 companies in the Business Services industry, which is below the industry midpoint. Overall, Aqualis ASA has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aqualis ASA's Debt-to-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Aqualis ASA ranks #537 out of 950 companies for Debt-to-Equity. This places Aqualis ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.34. Aqualis ASA's value of 0.43 is 26.5% above this benchmark. Historically, Aqualis ASA's own Debt-to-Equity has ranged from 0.04 to 0.43 over the past decade. While the company's 10-year median is 0.26 vs. the industry median of 0.34, Aqualis 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 0.34, based on 950 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. Aqualis ASA's current Debt-to-Equity of 0.43 is 26.5% 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 Aqualis ASA and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aqualis ASA's current Debt-to-Equity is 0.43, which is 65% above median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aqualis ASA stock overvalued right now?
Based on GuruFocus' analysis, Aqualis ASA (LTS:0QXF) is currently considered Modestly Undervalued. The stock's GF Value™ is kr11.02, compared to a current price of kr8.79 — trading 20.2% below its estimated fair value. The current Debt-to-Equity is 0.43, which is 65% above median its 10-year median of 0.26 and 26.5% above the Business Services industry median of 0.34. Aqualis ASA's overall GF Score™ is 75/100 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 Aqualis ASA (LTS:0QXF), the current Debt-to-Equity is 0.43 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 Aqualis ASA (LTS:0QXF) Overvalued in 2026?

Based on GuruFocus' analysis, Aqualis ASA stock appears to be undervalued. The current stock price of kr8.79 is trading 20.2% below its estimated GF Value™ of kr11.02. GuruFocus considers Aqualis ASA to be Modestly Undervalued.

Key valuation signals for LTS:0QXF:

  • Debt-to-Equity: 0.43 (65% above median its 10-year median of 0.26)
  • GF Value™: kr11.02 vs. price of kr8.79 (20.2% below fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 26.5% above the Business Services median (#537 of 950)

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


Aqualis ASA Business Description

Address 10 Lower Thames Street, 1st Floor, Northern and Shell Building, London, GBR, EC3R 6EN
Aqualis ASA is an independent consultancy providing energy, marine, engineering, and digital solutions to clients in the renewable energy, maritime, and oil and gas sectors. The company operates through four brands: ABL, OWC, Longitude, and AGR, with offices across multiple countries.
75GF Score

Get the complete analysis for LTS:0QXF

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

kr8.79
Price
kr11.02
GF Value