PN (PN Smart Energy) Debt-to-Equity: 0.25 (As of Mar. 2026) — 39% Above Median

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PN PN Smart Energy Ltd PN
18 GF Score
Price $6.89
! 2 Warning Signs
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What is PN Smart Energy Debt-to-Equity?

PN Smart Energy PN -3.37% 18 Debt-to-Equity is 0.25 as of Mar. 2026, which is 39% above its 10-year median of 0.18. GuruFocus rates PN with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 907 Semiconductors companies, PN Smart Energy ranks worse than 51.82% on this metric.

PN Smart Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $5.19 Mil. PN Smart Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $2.51 Mil. PN Smart Energy's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $30.44 Mil. PN Smart Energy's debt to equity for the quarter that ended in Mar. 2026 was 0.25.

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 PN Smart Energy's Debt-to-Equity or its related term are showing as below:

PN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04   Med: 0.18   Max: 0.29
Current: 0.29

During the past 5 years, the highest Debt-to-Equity Ratio of PN Smart Energy was 0.29. The lowest was 0.04. And the median was 0.18.

PN's Debt-to-Equity is ranked worse than
51.82% of 907 companies
in the Semiconductors industry
Industry Median: 0.26 vs PN: 0.29

PN Smart Energy  (NAS:PN) 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.


PN Smart Energy Debt-to-Equity Related Terms


PN Smart Energy Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for PN Smart Energy'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.

PN Smart Energy Debt-to-Equity Chart

PN Smart Energy Annual Data
Trend Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-Equity
0.04 0.17 0.24 0.18 0.29

PN Smart Energy Semi-Annual Data
Sep21 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only 0.22 0.18 0.26 0.29 0.25

PN vs HYSR, TYGO, SPWR: Debt-to-Equity Comparison

For the Solar subindustry, PN Smart Energy'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.


PN Smart Energy Debt-to-Equity vs Semiconductors Industry

For the Semiconductors industry and Technology sector, PN Smart Energy's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where PN Smart Energy's Debt-to-Equity falls into.


PN
18GF Score
PN Smart Energy Ltd PN
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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PN Smart Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PN Smart Energy's Debt to Equity Ratio for the fiscal year that ended in Sep. 2025 is calculated as

PN Smart Energy's Debt to Equity Ratio for the quarter that ended in Mar. 2026 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 0.25 mean?
PN Smart Energy (PN) has a Debt-to-Equity of 0.25 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PN Smart Energy and its competitors. This is 39% above median its historical median of 0.18. Over the past decade, PN Smart Energy's Debt-to-Equity has ranged from 0.04 to 0.29. According to the industry distribution chart, PN Smart Energy ranks #470 out of 907 companies in the Semiconductors industry, placing it in the top 51.8%.
Is PN Smart Energy's Debt-to-Equity too high?
PN Smart Energy's current Debt-to-Equity of 0.25 is 39% above median its 10-year median of 0.18. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.29. The Semiconductors industry median Debt-to-Equity is 0.26. PN Smart Energy's value of 0.25 is 3.8% below this industry median. Based on the distribution chart, PN Smart Energy ranks #470 out of 907 companies in the Semiconductors industry, which is below the industry midpoint. Overall, PN Smart Energy has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does PN Smart Energy's Debt-to-Equity compare to HYSR and TYGO?
According to the Semiconductors industry distribution chart, PN Smart Energy ranks #470 out of 907 companies for Debt-to-Equity. This places PN Smart Energy in the lower half of its industry. The industry median Debt-to-Equity is 0.26. PN Smart Energy's value of 0.25 is 3.8% below this benchmark. Historically, PN Smart Energy's own Debt-to-Equity has ranged from 0.04 to 0.29 over the past decade. While the company's 10-year median is 0.18 vs. the industry median of 0.26, PN Smart Energy 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 907 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. PN Smart Energy's current Debt-to-Equity of 0.25 is 3.8% 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 PN Smart Energy 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. PN Smart Energy's current Debt-to-Equity is 0.25, which is 39% above median its own 10-year median of 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PN Smart Energy stock overvalued right now?
PN Smart Energy (PN) has a current Debt-to-Equity of 0.25. The current Debt-to-Equity is 0.25, which is 39% above median its 10-year median of 0.18 and 3.8% below the Semiconductors industry median of 0.26. PN Smart Energy's overall GF Score™ is 18/100 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 PN Smart Energy (PN), the current Debt-to-Equity is 0.25 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.

PN Smart Energy Business Description

Address No.188 Jinghua Road, Room 303, Block B, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315048
PN Smart Energy Ltd is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. The company operates as an independent power provider (IPP) focused on the development of clean power stations, critical energy materials, and intelligent energy infrastructure. Through its PNTECH brand, the company also manufactures photovoltaic cables and connectors, serving customers across various countries and regions.
18GF Score

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