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Meridian EnergyMDDNF -2.73%72 Debt-to-Equity is 0.21 as of Dec. 2025, which is 16% below its 10-year median of 0.25. GuruFocus rates MDDNF with a GF Score™ of 72/100 and a GF Value™ of $3.43 (Fairly Valued). The stock has 6 warning signs investors should review. Among 395 Utilities - Independent Power Producers companies, Meridian Energy ranks better than 80% 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 Meridian Energy's Debt-to-Equity or its related term are showing as below:
MDDNF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.25 Max: 0.35
Current: 0.21
During the past 13 years, the highest Debt-to-Equity Ratio of Meridian Energy was 0.35. The lowest was 0.17. And the median was 0.25.
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.
Meridian Energy Debt-to-Equity Related Terms
Meridian Energy Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Meridian Energy'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.
Meridian Energy Debt-to-Equity Competitor Comparison
For the Utilities - Renewable subindustry, Meridian Energy'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.
Meridian Energy Debt-to-Equity vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Meridian Energy's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Meridian Energy'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.
Meridian Energy (MDDNF) has a Debt-to-Equity of 0.21 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Meridian Energy and its competitors. This is 16% below median its historical median of 0.25. Over the past decade, Meridian Energy's Debt-to-Equity has ranged from 0.17 to 0.35. According to the industry distribution chart, Meridian Energy ranks #79 out of 395 companies in the Utilities - Independent Power Producers industry, placing it in the top 20%.
Is Meridian Energy's Debt-to-Equity too high?
Meridian Energy's current Debt-to-Equity of 0.21 is 16% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.35. The Utilities - Independent Power Producers industry median Debt-to-Equity is 0.85. Meridian Energy's value of 0.21 is 75.3% below this industry median. Based on the distribution chart, Meridian Energy ranks #79 out of 395 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Meridian Energy has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Meridian Energy's Debt-to-Equity compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Meridian Energy ranks #79 out of 395 companies for Debt-to-Equity. This places Meridian Energy in the top 20% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.85. Meridian Energy's value of 0.21 is 75.3% below this benchmark. Historically, Meridian Energy's own Debt-to-Equity has ranged from 0.17 to 0.35 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 0.85, Meridian Energy 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 0.85, based on 395 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. Meridian Energy's current Debt-to-Equity of 0.21 is 75.3% 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 Meridian Energy and its competitors. For the Utilities - Independent Power Producers industry, the median Debt-to-Equity is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Energy's current Debt-to-Equity is 0.21, which is 16% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Energy stock overvalued right now?
Based on GuruFocus' analysis, Meridian Energy (MDDNF) is currently considered Fairly Valued. The stock's GF Value™ is $3.43, compared to a current price of $3.28 — trading 4.4% below its estimated fair value. The current Debt-to-Equity is 0.21, which is 16% below median its 10-year median of 0.25 and 75.3% below the Utilities - Independent Power Producers industry median of 0.85. Meridian Energy's overall GF Score™ is 72/100 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 Meridian Energy (MDDNF), the current Debt-to-Equity is 0.21 as of Dec. 2025. 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 Meridian Energy (MDDNF) Overvalued in 2026?
Based on GuruFocus' analysis, Meridian Energy stock appears to be undervalued.
The current stock price of $3.28 is trading 4.4% below its estimated GF Value™ of $3.43.
GuruFocus considers Meridian Energy to be Fairly Valued.
Key valuation signals for MDDNF:
Debt-to-Equity: 0.21 (16% below median its 10-year median of 0.25)
GF Value™: $3.43 vs. price of $3.28 (4.4% below fair value)
Industry Position: 75.3% below the Utilities - Independent Power Producers median (#79 of 395)
No single metric tells the full story. See the MDDNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meridian Energy is one of New Zealand's leading utilities. It is the largest electricity producer in the nation, with a third of the market, and the fourth-largest energy retailer, with about 15% of the market by customer numbers. It generates 100% renewable electricity, mainly from large hydroelectric schemes in the South Island. It also owns a geographically diversified portfolio of wind farms.
72GF Score
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