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Forge Auto InternationalNSE:FORGEAUTO +0.25%17 Debt-to-Equity is 1.08 as of Mar. 2026, which is 44% below its 10-year median of 1.92. GuruFocus rates NSE:FORGEAUTO with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,223 Vehicles & Parts companies, Forge Auto International ranks worse than 77.19% 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 Forge Auto International's Debt-to-Equity or its related term are showing as below:
NSE:FORGEAUTO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.68 Med: 1.92 Max: 1.96
Current: 1.08
During the past 5 years, the highest Debt-to-Equity Ratio of Forge Auto International was 1.96. The lowest was 0.68. And the median was 1.92.
NSE:FORGEAUTO's Debt-to-Equity is ranked worse than 77.19% of 1223
companies
in the Vehicles & Parts industry
Industry Median: 0.46
vs NSE:FORGEAUTO: 1.08
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.
Forge Auto International Debt-to-Equity Related Terms
Forge Auto International Debt-to-Equity Historical Data
* 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.
Forge Auto International Debt-to-Equity Chart
Forge Auto International Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Debt-to-Equity
1.92
1.92
1.96
0.68
1.08
Forge Auto International Semi-Annual Data
Mar25
Mar26
Debt-to-Equity
0.68
1.08
NSE:FORGEAUTO vs ORLY, AZO, GPC: Debt-to-Equity Comparison
For the Auto Parts subindustry, Forge Auto 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.
Forge Auto International Debt-to-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Forge Auto International's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Forge Auto International'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.
Forge Auto International (NSE:FORGEAUTO) has a Debt-to-Equity of 1.08 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forge Auto International and its competitors. This is 44% below median its historical median of 1.92. Over the past decade, Forge Auto International's Debt-to-Equity has ranged from 0.68 to 1.96. According to the industry distribution chart, Forge Auto International ranks #944 out of 1223 companies in the Vehicles & Parts industry, placing it in the top 77.2%.
Is Forge Auto International's Debt-to-Equity too high?
Forge Auto International's current Debt-to-Equity of 1.08 is 44% below median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 1.96. The Vehicles & Parts industry median Debt-to-Equity is 0.46. Forge Auto International's value of 1.08 is 134.8% above this industry median. Based on the distribution chart, Forge Auto International ranks #944 out of 1223 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Forge Auto International has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Forge Auto International's Debt-to-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Forge Auto International ranks #944 out of 1223 companies for Debt-to-Equity. This places Forge Auto International in the lower half of its industry. The industry median Debt-to-Equity is 0.46. Forge Auto International's value of 1.08 is 134.8% above this benchmark. Historically, Forge Auto International's own Debt-to-Equity has ranged from 0.68 to 1.96 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 0.46, Forge Auto 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 Vehicles & Parts company?
The median Debt-to-Equity among Vehicles & Parts companies is 0.46, based on 1,223 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. Forge Auto International's current Debt-to-Equity of 1.08 is 134.8% 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 Forge Auto International and its competitors. For the Vehicles & Parts industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forge Auto International's current Debt-to-Equity is 1.08, which is 44% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forge Auto International stock overvalued right now?
Forge Auto International (NSE:FORGEAUTO) has a current Debt-to-Equity of 1.08. The current Debt-to-Equity is 1.08, which is 44% below median its 10-year median of 1.92 and 134.8% above the Vehicles & Parts industry median of 0.46. Forge Auto International's overall GF Score™ is 17/100 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 Forge Auto International (NSE:FORGEAUTO), the current Debt-to-Equity is 1.08 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.
Forge Auto International Ltd is an engineering company engaged in forging and manufacturing of complex and safety-critical, forged and precision machined components such as big rings, small rings, big ball studs, gear blank with a broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc. It serves its customers comprising of domestic and global original equipment manufacturers (OEMs) engaged in manufacturing for both the automotive sector and other nonautomotive sector, used across industries by a diversified base of customers.
17GF Score
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