PMAX (Powell Max) Debt-to-Equity: 0.19 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

PMAX Powell Max Ltd PMAX
13 GF Score
Price $1.61
! 7 Warning Signs
View Full Analysis

What is Powell Max Debt-to-Equity?

Powell Max PMAX 13 Debt-to-Equity is 0.19 as of Dec. 2025. GuruFocus rates PMAX with a GF Score™ of 13/100. The stock has 7 warning signs investors should review. Among 610 Capital Markets companies, Powell Max ranks better than 60.33% on this metric.

Powell Max's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $0.39 Mil. Powell Max's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $0.24 Mil. Powell Max's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $3.20 Mil. Powell Max's debt to equity for the quarter that ended in Dec. 2025 was 0.19.

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 Powell Max's Debt-to-Equity or its related term are showing as below:

PMAX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.6   Med: -0.2   Max: 0.95
Current: 0.19

During the past 4 years, the highest Debt-to-Equity Ratio of Powell Max was 0.95. The lowest was -0.60. And the median was -0.20.

PMAX's Debt-to-Equity is ranked better than
60.33% of 610 companies
in the Capital Markets industry
Industry Median: 0.315 vs PMAX: 0.19

Powell Max  (NAS:PMAX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Powell Max Debt-to-Equity Related Terms


Powell Max Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Powell Max'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.

Powell Max Debt-to-Equity Chart

Powell Max Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
-0.60 -0.60 0.95 0.19

Powell Max Semi-Annual Data
Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial -0.60 -0.49 0.95 0.26 0.19

PMAX vs MWAI, NCPL, ABTS: Debt-to-Equity Comparison

For the Capital Markets subindustry, Powell Max'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.


Powell Max Debt-to-Equity vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Powell Max's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Powell Max's Debt-to-Equity falls into.


PMAX
13GF Score
Powell Max Ltd PMAX
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Powell Max Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Powell Max's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Powell Max's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.19 mean?
Powell Max (PMAX) has a Debt-to-Equity of 0.19 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Powell Max and its competitors. According to the industry distribution chart, Powell Max ranks #242 out of 610 companies in the Capital Markets industry, placing it in the top 39.7%.
Is Powell Max's Debt-to-Equity too high?
Powell Max's current Debt-to-Equity is 0.19. The Capital Markets industry median Debt-to-Equity is 0.32. Powell Max's value of 0.19 is 39.7% below this industry median. Based on the distribution chart, Powell Max ranks #242 out of 610 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Powell Max has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Powell Max's Debt-to-Equity compare to MWAI and NCPL?
According to the Capital Markets industry distribution chart, Powell Max ranks #242 out of 610 companies for Debt-to-Equity. This puts Powell Max in the upper half of its industry. The industry median Debt-to-Equity is 0.32. Powell Max's value of 0.19 is 39.7% below this benchmark. 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 Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.32, based on 610 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. Powell Max's current Debt-to-Equity of 0.19 is 39.7% 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 Powell Max and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Powell Max's current Debt-to-Equity is 0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Powell Max stock overvalued right now?
Powell Max (PMAX) has a current Debt-to-Equity of 0.19. The current Debt-to-Equity is 0.19 and 39.7% below the Capital Markets industry median of 0.32. Powell Max's overall GF Score™ is 13/100 with 7 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 Powell Max (PMAX), the current Debt-to-Equity is 0.19 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.

Powell Max Business Description

Address 6501 Park of Commerce Boulevard, Suite 200, Boca Raton, FL, USA, 33487
Powell Max Ltd operates as a financial communications platform supporting listed companies and IPO applicants throughout the capital markets lifecycle. Substantially all of the company's revenue is generated from Hong Kong. The group focused on supporting the disclosure, reporting, and transaction needs of corporate clients and their advisors. Its mission is to combine industry knowledge, execution capabilities, and a commitment to service to deliver accurate, timely, and reliable solutions for customers.
13GF Score

Get the complete analysis for PMAX

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.61
Price