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Nongfu Spring CoNNFSF 91 Debt-to-Equity is 0.11 as of Dec. 2025, which is at its 10-year median of 0.11. GuruFocus rates NNFSF with a GF Score™ of 91/100 and a GF Value™ of $7.59 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 106 Beverages - Non-Alcoholic companies, Nongfu Spring Co ranks better than 68.87% 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 Nongfu Spring Co's Debt-to-Equity or its related term are showing as below:
NNFSF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.11 Max: 0.16
Current: 0.11
During the past 9 years, the highest Debt-to-Equity Ratio of Nongfu Spring Co was 0.16. The lowest was 0.00. And the median was 0.11.
NNFSF's Debt-to-Equity is ranked better than 68.87% of 106
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.26
vs NNFSF: 0.11
Nongfu Spring Co (OTCPK:NNFSF) Debt-to-Equity Explanation
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.
Nongfu Spring Co Debt-to-Equity Related Terms
Nongfu Spring Co Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nongfu Spring Co'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 Beverages - Non-Alcoholic subindustry, Nongfu Spring Co'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.
Nongfu Spring Co Debt-to-Equity vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Nongfu Spring Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nongfu Spring Co'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.
Nongfu Spring Co (NNFSF) has a Debt-to-Equity of 0.11 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nongfu Spring Co and its competitors. This is near median its historical median of 0.11. According to the industry distribution chart, Nongfu Spring Co ranks #33 out of 106 companies in the Beverages - Non-Alcoholic industry, placing it in the top 31.1%.
Is Nongfu Spring Co's Debt-to-Equity too high?
Nongfu Spring Co's current Debt-to-Equity of 0.11 is near median its 10-year median of 0.11. The Beverages - Non-Alcoholic industry median Debt-to-Equity is 0.26. Nongfu Spring Co's value of 0.11 is 57.7% below this industry median. Based on the distribution chart, Nongfu Spring Co ranks #33 out of 106 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Nongfu Spring Co has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nongfu Spring Co's Debt-to-Equity compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Nongfu Spring Co ranks #33 out of 106 companies for Debt-to-Equity. This puts Nongfu Spring Co in the upper half of its industry. The industry median Debt-to-Equity is 0.26. Nongfu Spring Co's value of 0.11 is 57.7% below this benchmark. While the company's 10-year median is 0.11 vs. the industry median of 0.26, Nongfu Spring Co 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 Beverages - Non-Alcoholic company?
The median Debt-to-Equity among Beverages - Non-Alcoholic companies is 0.26, based on 106 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. Nongfu Spring Co's current Debt-to-Equity of 0.11 is 57.7% 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 Nongfu Spring Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nongfu Spring Co's current Debt-to-Equity is 0.11, which is near median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nongfu Spring Co stock overvalued right now?
Based on GuruFocus' analysis, Nongfu Spring Co (NNFSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $7.59, compared to a current price of $5.17 — trading 31.9% below its estimated fair value. The current Debt-to-Equity is 0.11, which is near median its 10-year median of 0.11 and 57.7% below the Beverages - Non-Alcoholic industry median of 0.26. Nongfu Spring Co's overall GF Score™ is 91/100 with 2 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 Nongfu Spring Co (NNFSF), the current Debt-to-Equity is 0.11 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 Nongfu Spring Co (NNFSF) Overvalued in 2026?
Based on GuruFocus' analysis, Nongfu Spring Co stock appears to be undervalued.
The current stock price of $5.17 is trading 31.9% below its estimated GF Value™ of $7.59.
GuruFocus considers Nongfu Spring Co to be Significantly Undervalued.
Key valuation signals for NNFSF:
Debt-to-Equity: 0.11 (near median its 10-year median of 0.11)
GF Value™: $7.59 vs. price of $5.17 (31.9% below fair value)
Industry Position: 57.7% below the Beverages - Non-Alcoholic median (#33 of 106)
No single metric tells the full story. See the NNFSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1996, Nongfu Spring is a leading beverage producer with products primarily in the packaged water, ready-to-drink tea, juice, coffee, and functional beverages sectors in China. It holds the number-one share in the bottled water market; this segment contributed approximately 40% of the firm's revenue and EBIT in 2024.
91GF Score
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