Top Line Business DevelopmentPHS:TOP +0.64%5 Debt-to-Equity is 1.95 as of Mar. 2026, which is at its 10-year median of 1.95. GuruFocus rates PHS:TOP with a GF Score™ of 5/100. The stock has 2 warning signs investors should review. Among 1,011 Retail - Cyclical companies, Top Line Business Development ranks worse than 86.25% 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 Top Line Business Development's Debt-to-Equity or its related term are showing as below:
PHS:TOP'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.4 Med: 1.95 Max: 3.43
Current: 1.95
During the past 5 years, the highest Debt-to-Equity Ratio of Top Line Business Development was 3.43. The lowest was 1.40. And the median was 1.95.
PHS:TOP's Debt-to-Equity is ranked worse than 86.25% of 1011
companies
in the Retail - Cyclical industry
Industry Median: 0.55
vs PHS:TOP: 1.95
Top Line Business Development (PHS:TOP) 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.
Top Line Business Development Debt-to-Equity Related Terms
Top Line Business Development 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.
Top Line Business Development Debt-to-Equity Chart
PHS:TOP vs CASY, WSM, DKS: Debt-to-Equity Comparison
For the Specialty Retail subindustry, Top Line Business Development'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.
Top Line Business Development Debt-to-Equity vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Top Line Business Development'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.
Top Line Business Development (PHS:TOP) has a Debt-to-Equity of 1.95 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Top Line Business Development and its competitors. This is near median its historical median of 1.95. Over the past decade, Top Line Business Development's Debt-to-Equity has ranged from 1.40 to 3.43. According to the industry distribution chart, Top Line Business Development ranks #872 out of 1011 companies in the Retail - Cyclical industry, placing it in the top 86.3%.
Is Top Line Business Development's Debt-to-Equity too high?
Top Line Business Development's current Debt-to-Equity of 1.95 is near median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 3.43. The Retail - Cyclical industry median Debt-to-Equity is 0.55. Top Line Business Development's value of 1.95 is 254.5% above this industry median. Based on the distribution chart, Top Line Business Development ranks #872 out of 1011 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Top Line Business Development has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's Debt-to-Equity compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Top Line Business Development ranks #872 out of 1011 companies for Debt-to-Equity. This places Top Line Business Development in the lower half of its industry. The industry median Debt-to-Equity is 0.55. Top Line Business Development's value of 1.95 is 254.5% above this benchmark. Historically, Top Line Business Development's own Debt-to-Equity has ranged from 1.40 to 3.43 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 0.55, Top Line Business Development 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 Retail - Cyclical company?
The median Debt-to-Equity among Retail - Cyclical companies is 0.55, based on 1,011 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. Top Line Business Development's current Debt-to-Equity of 1.95 is 254.5% 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 Top Line Business Development and its competitors. For the Retail - Cyclical industry, the median Debt-to-Equity is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Line Business Development's current Debt-to-Equity is 1.95, which is near median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current Debt-to-Equity of 1.95. The current Debt-to-Equity is 1.95, which is near median its 10-year median of 1.95 and 254.5% above the Retail - Cyclical industry median of 0.55. Top Line Business Development's overall GF Score™ is 5/100 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 Top Line Business Development (PHS:TOP), the current Debt-to-Equity is 1.95 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.
Top Line Business Development Business Description
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
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