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Lightwave LogicLWLG +3.98%32 Debt-to-Equity is 0.03 as of Mar. 2026, which is 63% below its 10-year median of 0.08. GuruFocus rates LWLG with a GF Score™ of 32/100. The stock has 3 warning signs investors should review. Among 1,421 Chemicals companies, Lightwave Logic ranks better than 91.2% 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 Lightwave Logic's Debt-to-Equity or its related term are showing as below:
LWLG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.26
Current: 0.03
During the past 13 years, the highest Debt-to-Equity Ratio of Lightwave Logic was 0.26. The lowest was 0.01. And the median was 0.08.
LWLG's Debt-to-Equity is ranked better than 91.2% of 1421
companies
in the Chemicals industry
Industry Median: 0.36
vs LWLG: 0.03
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.
Lightwave Logic Debt-to-Equity Related Terms
Lightwave Logic Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Lightwave Logic'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.
For the Specialty Chemicals subindustry, Lightwave Logic'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.
Lightwave Logic Debt-to-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Lightwave Logic's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lightwave Logic'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.
Lightwave Logic (LWLG) has a Debt-to-Equity of 0.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lightwave Logic and its competitors. This is 63% below median its historical median of 0.08. Over the past decade, Lightwave Logic's Debt-to-Equity has ranged from 0.01 to 0.26. According to the industry distribution chart, Lightwave Logic ranks #125 out of 1421 companies in the Chemicals industry, placing it in the top 8.8%.
Is Lightwave Logic's Debt-to-Equity too high?
Lightwave Logic's current Debt-to-Equity of 0.03 is 63% below median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.26. The Chemicals industry median Debt-to-Equity is 0.36. Lightwave Logic's value of 0.03 is 91.7% below this industry median. Based on the distribution chart, Lightwave Logic ranks #125 out of 1421 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Lightwave Logic has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Lightwave Logic's Debt-to-Equity compare to KOP and KRO?
According to the Chemicals industry distribution chart, Lightwave Logic ranks #125 out of 1421 companies for Debt-to-Equity. This places Lightwave Logic in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.36. Lightwave Logic's value of 0.03 is 91.7% below this benchmark. Historically, Lightwave Logic's own Debt-to-Equity has ranged from 0.01 to 0.26 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 0.36, Lightwave Logic 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 a Chemicals company?
The median Debt-to-Equity among Chemicals companies is 0.36, based on 1,421 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. Lightwave Logic's current Debt-to-Equity of 0.03 is 91.7% 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 Lightwave Logic and its competitors. For the Chemicals industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lightwave Logic's current Debt-to-Equity is 0.03, which is 63% below median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightwave Logic stock overvalued right now?
Lightwave Logic (LWLG) has a current Debt-to-Equity of 0.03. The current Debt-to-Equity is 0.03, which is 63% below median its 10-year median of 0.08 and 91.7% below the Chemicals industry median of 0.36. Lightwave Logic's overall GF Score™ is 32/100 with 3 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 Lightwave Logic (LWLG), the current Debt-to-Equity is 0.03 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.
Lightwave Logic Inc is a specialty materials and intellectual property company focused on the development and commercialization of proprietary electro-optic (EO) polymer materials designed to enable high-speed optical modulators for data communications and other photonic applications. Its Perkinamine family of EO polymers is designed for integration into silicon photonics (SiPh) and other photonic integrated circuit (PIC) platforms, supporting high-speed optical modulation with lower drive voltage requirements compared with some conventional silicon-based and III-V compound semiconductor approaches. The company operates as a single reportable segment.
32GF Score
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