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NEL ASANLLSF 55 Debt-to-Equity is 0.06 as of Jun. 2026, which is 50% above its 10-year median of 0.04. GuruFocus rates NLLSF with a GF Score™ of 55/100 and a GF Value™ of $0.24 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,680 Industrial Products companies, NEL ASA ranks better than 81.38% 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 NEL ASA's Debt-to-Equity or its related term are showing as below:
NLLSF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.07
Current: 0.06
During the past 13 years, the highest Debt-to-Equity Ratio of NEL ASA was 0.07. The lowest was 0.01. And the median was 0.04.
NLLSF's Debt-to-Equity is ranked better than 81.38% of 2680
companies
in the Industrial Products industry
Industry Median: 0.28
vs NLLSF: 0.06
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.
NEL ASA Debt-to-Equity Related Terms
NEL ASA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NEL 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.
For the Specialty Industrial Machinery subindustry, NEL 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.
NEL ASA Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NEL ASA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NEL ASA'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.
NEL ASA (NLLSF) has a Debt-to-Equity of 0.06 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NEL ASA and its competitors. This is 50% above median its historical median of 0.04. Over the past decade, NEL ASA's Debt-to-Equity has ranged from 0.01 to 0.07. According to the industry distribution chart, NEL ASA ranks #499 out of 2680 companies in the Industrial Products industry, placing it in the top 18.6%.
Is NEL ASA's Debt-to-Equity too high?
NEL ASA's current Debt-to-Equity of 0.06 is 50% above median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.07. The Industrial Products industry median Debt-to-Equity is 0.28. NEL ASA's value of 0.06 is 78.6% below this industry median. Based on the distribution chart, NEL ASA ranks #499 out of 2680 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, NEL ASA has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NEL ASA's Debt-to-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, NEL ASA ranks #499 out of 2680 companies for Debt-to-Equity. This places NEL ASA in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.28. NEL ASA's value of 0.06 is 78.6% below this benchmark. Historically, NEL ASA's own Debt-to-Equity has ranged from 0.01 to 0.07 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 0.28, NEL ASA 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 Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,680 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. NEL ASA's current Debt-to-Equity of 0.06 is 78.6% 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 NEL ASA and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NEL ASA's current Debt-to-Equity is 0.06, which is 50% above median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEL ASA stock overvalued right now?
Based on GuruFocus' analysis, NEL ASA (NLLSF) is currently considered Fairly Valued. The stock's GF Value™ is $0.24, compared to a current price of $0.22 — trading 8.3% below its estimated fair value. The current Debt-to-Equity is 0.06, which is 50% above median its 10-year median of 0.04 and 78.6% below the Industrial Products industry median of 0.28. NEL ASA's overall GF Score™ is 55/100 with 4 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 NEL ASA (NLLSF), the current Debt-to-Equity is 0.06 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 NEL ASA (NLLSF) Overvalued in 2026?
Based on GuruFocus' analysis, NEL ASA stock appears to be undervalued.
The current stock price of $0.22 is trading 8.3% below its estimated GF Value™ of $0.24.
GuruFocus considers NEL ASA to be Fairly Valued.
Key valuation signals for NLLSF:
Debt-to-Equity: 0.06 (50% above median its 10-year median of 0.04)
GF Value™: $0.24 vs. price of $0.22 (8.3% below fair value)
Industry Position: 78.6% below the Industrial Products median (#499 of 2680)
No single metric tells the full story. See the NLLSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NEL ASA is a hydrogen company delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. It serves industries, energy, and gas companies with hydrogen technology. The company's hydrogen solutions cover the entire value chain from hydrogen production technologies to the manufacturing of hydrogen fueling stations, providing all fuel cell electric vehicles with the same fast fueling and long range as conventional vehicles. The company's segments include Nel Alkaline Electrolyser and Nel PEM Electrolyser. It generates maximum revenue from the Nel Alkaline Electrolyser. Nel Alkaline Electrolyser is a supplier of hydrogen production equipment based on alkaline water electrolysis technology.
55GF Score
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