NAII (Natural Alternatives International) Debt-to-Equity: 1.03 (As of Mar. 2026) — 158% Above Median

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Director of Data and Quant Analytics at GuruFocus
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NAII Natural Alternatives International Inc NAII
49 GF Score
Price $2.36
GF Value $5.28
Valuation Possible Value Trap
! 5 Warning Signs
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What is Natural Alternatives International Debt-to-Equity?

Natural Alternatives International NAII +1.28% 49 Debt-to-Equity is 1.03 as of Mar. 2026, which is 158% above its 10-year median of 0.40. GuruFocus rates NAII with a GF Score™ of 49/100 and a GF Value™ of $5.28 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,744 Consumer Packaged Goods companies, Natural Alternatives International ranks worse than 79.36% on this metric.

Natural Alternatives International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $12.7 Mil. Natural Alternatives International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $52.5 Mil. Natural Alternatives International's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $63.1 Mil. Natural Alternatives International's debt to equity for the quarter that ended in Mar. 2026 was 1.03.

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 Natural Alternatives International's Debt-to-Equity or its related term are showing as below:

NAII' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.21   Med: 0.4   Max: 1.03
Current: 1.03

During the past 13 years, the highest Debt-to-Equity Ratio of Natural Alternatives International was 1.03. The lowest was 0.21. And the median was 0.40.

NAII's Debt-to-Equity is ranked worse than
79.36% of 1744 companies
in the Consumer Packaged Goods industry
Industry Median: 0.415 vs NAII: 1.03

Natural Alternatives International  (NAS:NAII) 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.


Natural Alternatives International Debt-to-Equity Related Terms


Natural Alternatives International Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Natural Alternatives International'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.

Natural Alternatives International Debt-to-Equity Chart

Natural Alternatives International Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.36 0.35 0.73 0.86

Natural Alternatives International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.76 0.86 0.85 0.92 1.03

NAII vs LIMX, FAMI, WYGC: Debt-to-Equity Comparison

For the Packaged Foods subindustry, Natural Alternatives International'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.


Natural Alternatives International Debt-to-Equity vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Natural Alternatives International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Natural Alternatives International's Debt-to-Equity falls into.


NAII
49GF Score
Natural Alternatives International Inc NAII
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Natural Alternatives International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Natural Alternatives International's Debt to Equity Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Natural Alternatives International's Debt to Equity Ratio for the quarter that ended in Mar. 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 1.03 mean?
Natural Alternatives International (NAII) has a Debt-to-Equity of 1.03 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Natural Alternatives International and its competitors. This is 158% above median its historical median of 0.40. Over the past decade, Natural Alternatives International's Debt-to-Equity has ranged from 0.21 to 1.03. According to the industry distribution chart, Natural Alternatives International ranks #1384 out of 1744 companies in the Consumer Packaged Goods industry, placing it in the top 79.4%.
Is Natural Alternatives International's Debt-to-Equity too high?
Natural Alternatives International's current Debt-to-Equity of 1.03 is 158% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.21 to a high of 1.03. The Consumer Packaged Goods industry median Debt-to-Equity is 0.42. Natural Alternatives International's value of 1.03 is 148.2% above this industry median. Based on the distribution chart, Natural Alternatives International ranks #1384 out of 1744 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Natural Alternatives International has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natural Alternatives International's Debt-to-Equity compare to LIMX and FAMI?
According to the Consumer Packaged Goods industry distribution chart, Natural Alternatives International ranks #1384 out of 1744 companies for Debt-to-Equity. This places Natural Alternatives International in the lower half of its industry. The industry median Debt-to-Equity is 0.42. Natural Alternatives International's value of 1.03 is 148.2% above this benchmark. Historically, Natural Alternatives International's own Debt-to-Equity has ranged from 0.21 to 1.03 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 0.42, Natural Alternatives International 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 Consumer Packaged Goods company?
The median Debt-to-Equity among Consumer Packaged Goods companies is 0.42, based on 1,744 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. Natural Alternatives International's current Debt-to-Equity of 1.03 is 148.2% 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 Natural Alternatives International and its competitors. For the Consumer Packaged Goods industry, the median Debt-to-Equity is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Alternatives International's current Debt-to-Equity is 1.03, which is 158% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Alternatives International stock overvalued right now?
Based on GuruFocus' analysis, Natural Alternatives International (NAII) is currently considered Possible Value Trap. The stock's GF Value™ is $5.28, compared to a current price of $2.36 — trading 55.3% below its estimated fair value. The current Debt-to-Equity is 1.03, which is 158% above median its 10-year median of 0.40 and 148.2% above the Consumer Packaged Goods industry median of 0.42. Natural Alternatives International's overall GF Score™ is 49/100 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 Natural Alternatives International (NAII), the current Debt-to-Equity is 1.03 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.

Is Natural Alternatives International (NAII) Overvalued in 2026?

Based on GuruFocus' analysis, Natural Alternatives International stock appears to be undervalued. The current stock price of $2.36 is trading 55.3% below its estimated GF Value™ of $5.28. GuruFocus considers Natural Alternatives International to be Possible Value Trap.

Key valuation signals for NAII:

  • Debt-to-Equity: 1.03 (158% above median its 10-year median of 0.40)
  • GF Value™: $5.28 vs. price of $2.36 (55.3% below fair value)
  • GF Score™: 49/100 with 5 warning signs
  • Industry Position: 148.2% above the Consumer Packaged Goods median (#1384 of 1744)

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


Natural Alternatives International Business Description

Address 1535 Faraday Avenue, Carlsbad, CA, USA, 92008
Natural Alternatives International Inc is engaged in formulating, manufacturing, and marketing nutritional supplements. It offers vitamins, minerals, herbs, and other supplements, as well as other healthcare products, to customers within the United States and internationally. Its business activity is operated through Private-Label Contract Manufacturing and Patent & Trademark Licensing segments. The company derives the majority of revenue from Private-Label Contract Manufacturing, which is engaged in providing manufacturing services to companies that market and distribute nutritional supplements and other healthcare products, whereas the Patent and Trademark Licensing segment includes royalty income from its license and supply agreements associated with the sale.
49GF Score

Get the complete analysis for NAII

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

$2.36
Price
$5.28
GF Value