Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Smarten Power SystemsNSE:SMARTEN -2.16%18 Debt-to-Equity is 0.07 as of Mar. 2026, which is 75% below its 10-year median of 0.28. GuruFocus rates NSE:SMARTEN with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 910 Semiconductors companies, Smarten Power Systems ranks better than 75.27% 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 Smarten Power Systems's Debt-to-Equity or its related term are showing as below:
NSE:SMARTEN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.28 Max: 0.43
Current: 0.07
During the past 5 years, the highest Debt-to-Equity Ratio of Smarten Power Systems was 0.43. The lowest was 0.07. And the median was 0.28.
NSE:SMARTEN's Debt-to-Equity is ranked better than 75.27% of 910
companies
in the Semiconductors industry
Industry Median: 0.255
vs NSE:SMARTEN: 0.07
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.
Smarten Power Systems Debt-to-Equity Related Terms
Smarten Power Systems Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Smarten Power Systems'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.
Smarten Power Systems Debt-to-Equity Chart
Smarten Power Systems Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Mar26
Debt-to-Equity
0.28
0.29
0.26
0.43
0.07
Smarten Power Systems Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Mar26
Debt-to-Equity
0.28
0.29
0.26
0.43
0.07
NSE:SMARTEN vs FSLR, NXT, ENPH: Debt-to-Equity Comparison
For the Solar subindustry, Smarten Power Systems'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.
Smarten Power Systems Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Smarten Power Systems's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Smarten Power Systems'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.
Smarten Power Systems (NSE:SMARTEN) has a Debt-to-Equity of 0.07 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Smarten Power Systems and its competitors. This is 75% below median its historical median of 0.28. Over the past decade, Smarten Power Systems' Debt-to-Equity has ranged from 0.07 to 0.43. According to the industry distribution chart, Smarten Power Systems ranks #225 out of 910 companies in the Semiconductors industry, placing it in the top 24.7%.
Is Smarten Power Systems' Debt-to-Equity too high?
Smarten Power Systems' current Debt-to-Equity of 0.07 is 75% below median its 10-year median of 0.28. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.43. The Semiconductors industry median Debt-to-Equity is 0.26. Smarten Power Systems' value of 0.07 is 72.5% below this industry median. Based on the distribution chart, Smarten Power Systems ranks #225 out of 910 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Smarten Power Systems has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Smarten Power Systems' Debt-to-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Smarten Power Systems ranks #225 out of 910 companies for Debt-to-Equity. This places Smarten Power Systems in the top 25% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.26. Smarten Power Systems' value of 0.07 is 72.5% below this benchmark. Historically, Smarten Power Systems' own Debt-to-Equity has ranged from 0.07 to 0.43 over the past decade. While the company's 10-year median is 0.28 vs. the industry median of 0.26, Smarten Power Systems 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 Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 910 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. Smarten Power Systems's current Debt-to-Equity of 0.07 is 72.5% 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 Smarten Power Systems and its competitors. For the Semiconductors 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. Smarten Power Systems's current Debt-to-Equity is 0.07, which is 75% below median its own 10-year median of 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smarten Power Systems stock overvalued right now?
Smarten Power Systems (NSE:SMARTEN) has a current Debt-to-Equity of 0.07. The current Debt-to-Equity is 0.07, which is 75% below median its 10-year median of 0.28 and 72.5% below the Semiconductors industry median of 0.26. Smarten Power Systems' overall GF Score™ is 18/100 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 Smarten Power Systems (NSE:SMARTEN), the current Debt-to-Equity is 0.07 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.
Smarten Power Systems Ltd is engaged into designing and assembling of power back-up and developed solar power products such as Home UPS systems, solar inverters, solar power conditioning units (PCUs), solar charge controllers. It is also engaged in the trading of solar panels and batteries. It sells its products through its distributors within India. Currently, The Company is operating in 23 states and 2 union territories within India and has also established footprint in over 18 countries which includes Middle East, Africa, and South Asia region.
18GF Score
Get the complete analysis for NSE:SMARTEN
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:SMARTEN has been successfully added to your 
