K Way Co (ROCO:5201) Debt-to-Equity: 0.23 (As of Jun. 2026) — 109% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

ROCO:5201 K Way Co Ltd ROCO:5201
70 GF Score
Price NT$26.85
GF Value NT$33.84
Valuation Modestly Undervalued
! 5 Warning Signs
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What is K Way Co Debt-to-Equity?

K Way Co ROCO:5201 +3.67% 70 Debt-to-Equity is 0.23 as of Jun. 2026, which is 109% above its 10-year median of 0.11. GuruFocus rates ROCO:5201 with a GF Score™ of 70/100 and a GF Value™ of NT$33.84 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 2,245 Software companies, K Way Co ranks worse than 52.16% on this metric.

K Way Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$19.2 Mil. K Way Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was NT$127.2 Mil. K Way Co's Total Stockholders Equity for the quarter that ended in Jun. 2026 was NT$636.9 Mil. K Way Co's debt to equity for the quarter that ended in Jun. 2026 was 0.23.

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 K Way Co's Debt-to-Equity or its related term are showing as below:

ROCO:5201' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.11   Max: 0.82
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of K Way Co was 0.82. The lowest was 0.01. And the median was 0.11.

ROCO:5201's Debt-to-Equity is ranked worse than
52.16% of 2245 companies
in the Software industry
Industry Median: 0.2 vs ROCO:5201: 0.23

K Way Co  (ROCO:5201) 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.


K Way Co Debt-to-Equity Related Terms


K Way Co Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for K Way Co'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.

K Way Co Debt-to-Equity Chart

K Way Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.02 0.11 0.17 0.19

K Way Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.82 0.19 0.23 0.23

ROCO:5201 vs CRM, SHOP, UBER: Debt-to-Equity Comparison

For the Software - Application subindustry, K Way Co'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.


K Way Co Debt-to-Equity vs Software Industry

For the Software industry and Technology sector, K Way Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where K Way Co's Debt-to-Equity falls into.


ROCO:5201
70GF Score
K Way Co Ltd ROCO:5201
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

K Way Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

K Way Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

K Way Co's Debt to Equity Ratio for the quarter that ended in Jun. 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 0.23 mean?
K Way Co (ROCO:5201) has a Debt-to-Equity of 0.23 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on K Way Co and its competitors. This is 109% above median its historical median of 0.11. Over the past decade, K Way Co's Debt-to-Equity has ranged from 0.01 to 0.82. According to the industry distribution chart, K Way Co ranks #1171 out of 2245 companies in the Software industry, placing it in the top 52.2%.
Is K Way Co's Debt-to-Equity too high?
K Way Co's current Debt-to-Equity of 0.23 is 109% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.82. The Software industry median Debt-to-Equity is 0.20. K Way Co's value of 0.23 is 15% above this industry median. Based on the distribution chart, K Way Co ranks #1171 out of 2245 companies in the Software industry, which is below the industry midpoint. Overall, K Way Co has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does K Way Co's Debt-to-Equity compare to CRM and SHOP?
According to the Software industry distribution chart, K Way Co ranks #1171 out of 2245 companies for Debt-to-Equity. This places K Way Co in the lower half of its industry. The industry median Debt-to-Equity is 0.20. K Way Co's value of 0.23 is 15% above this benchmark. Historically, K Way Co's own Debt-to-Equity has ranged from 0.01 to 0.82 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.20, K Way Co 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 Software company?
The median Debt-to-Equity among Software companies is 0.20, based on 2,245 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. K Way Co's current Debt-to-Equity of 0.23 is 15% 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 K Way Co and its competitors. For the Software industry, the median Debt-to-Equity is 0.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K Way Co's current Debt-to-Equity is 0.23, which is 109% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K Way Co stock overvalued right now?
Based on GuruFocus' analysis, K Way Co (ROCO:5201) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$33.84, compared to a current price of NT$26.85 — trading 20.7% below its estimated fair value. The current Debt-to-Equity is 0.23, which is 109% above median its 10-year median of 0.11 and 15% above the Software industry median of 0.20. K Way Co's overall GF Score™ is 70/100 with 5 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 K Way Co (ROCO:5201), the current Debt-to-Equity is 0.23 as of Jun. 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.

Is K Way Co (ROCO:5201) Overvalued in 2026?

Based on GuruFocus' analysis, K Way Co stock appears to be undervalued. The current stock price of NT$26.85 is trading 20.7% below its estimated GF Value™ of NT$33.84. GuruFocus considers K Way Co to be Modestly Undervalued.

Key valuation signals for ROCO:5201:

  • Debt-to-Equity: 0.23 (109% above median its 10-year median of 0.11)
  • GF Value™: NT$33.84 vs. price of NT$26.85 (20.7% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 15% above the Software median (#1171 of 2245)

No single metric tells the full story. See the ROCO:5201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


K Way Co Business Description

Address Guangfu North Road, 5th Floor, No. 35, Lane 11, Songshan District, Taipei, TWN
K Way Co Ltd operates as a software company in financial industry. The company is focuses on the development of key system software in the securities and financial industry for trading, settlement, market data, FIX, trading tools. It mainly offers stable and speedy trading system, cross platform system, database settlement system, money management system, investment account management system & others.
70GF Score

Get the complete analysis for ROCO:5201

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

NT$26.85
Price
NT$33.84
GF Value