Roku (ROKU) Debt-to-Equity: 0.17 (As of Jun. 2026) — 32% Below 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.

ROKU Roku Inc ROKU
75 GF Score
Price $158.82
GF Value $105.85
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Roku Debt-to-Equity?

Roku ROKU +0.40% 75 Debt-to-Equity is 0.17 as of Jun. 2026, which is 32% below its 10-year median of 0.25. GuruFocus rates ROKU with a GF Score™ of 75/100 and a GF Value™ of $105.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 831 Media - Diversified companies, Roku ranks better than 59.21% on this metric.

Roku's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $88 Mil. Roku's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $386 Mil. Roku's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $2,823 Mil. Roku's debt to equity for the quarter that ended in Jun. 2026 was 0.17.

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

ROKU' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.11   Med: 0.25   Max: 0.74
Current: 0.17

During the past 11 years, the highest Debt-to-Equity Ratio of Roku was 0.74. The lowest was -0.11. And the median was 0.25.

ROKU's Debt-to-Equity is ranked better than
59.21% of 831 companies
in the Media - Diversified industry
Industry Median: 0.26 vs ROKU: 0.17

Roku  (NAS:ROKU) 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.


Roku Debt-to-Equity Related Terms


Roku Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Roku'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.

Roku Debt-to-Equity Chart

Roku 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 0.19 0.27 0.28 0.24 0.20

Roku 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 0.22 0.21 0.20 0.19 0.17

ROKU vs FOXA, FWONA, NWSA: Debt-to-Equity Comparison

For the Entertainment subindustry, Roku'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.


Roku Debt-to-Equity vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Roku's Debt-to-Equity distribution charts can be found below:

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


ROKU
75GF Score
Roku Inc ROKU
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Roku Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Roku'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 0.17 mean?
Roku (ROKU) has a Debt-to-Equity of 0.17 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Roku and its competitors. This is 32% below median its historical median of 0.25. According to the industry distribution chart, Roku ranks #339 out of 831 companies in the Media - Diversified industry, placing it in the top 40.8%.
Is Roku's Debt-to-Equity too high?
Roku's current Debt-to-Equity of 0.17 is 32% below median its 10-year median of 0.25. The Media - Diversified industry median Debt-to-Equity is 0.26. Roku's value of 0.17 is 34.6% below this industry median. Based on the distribution chart, Roku ranks #339 out of 831 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Roku has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Roku's Debt-to-Equity compare to FOXA and FWONA?
According to the Media - Diversified industry distribution chart, Roku ranks #339 out of 831 companies for Debt-to-Equity. This puts Roku in the upper half of its industry. The industry median Debt-to-Equity is 0.26. Roku's value of 0.17 is 34.6% below this benchmark. While the company's 10-year median is 0.25 vs. the industry median of 0.26, Roku 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 Media - Diversified company?
The median Debt-to-Equity among Media - Diversified companies is 0.26, based on 831 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. Roku's current Debt-to-Equity of 0.17 is 34.6% 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 Roku and its competitors. For the Media - Diversified 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. Roku's current Debt-to-Equity is 0.17, which is 32% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roku stock overvalued right now?
Based on GuruFocus' analysis, Roku (ROKU) is currently considered Significantly Overvalued. The stock's GF Value™ is $105.85, compared to a current price of $158.82 — trading 50% above its estimated fair value. The current Debt-to-Equity is 0.17, which is 32% below median its 10-year median of 0.25 and 34.6% below the Media - Diversified industry median of 0.26. Roku's overall GF Score™ is 75/100 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 Roku (ROKU), the current Debt-to-Equity is 0.17 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 Roku (ROKU) Overvalued in 2026?

Based on GuruFocus' analysis, Roku stock appears to be overvalued. The current stock price of $158.82 is trading 50% above its estimated GF Value™ of $105.85. GuruFocus considers Roku to be Significantly Overvalued.

Key valuation signals for ROKU:

  • Debt-to-Equity: 0.17 (32% below median its 10-year median of 0.25)
  • GF Value™: $105.85 vs. price of $158.82 (50% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 34.6% below the Media - Diversified median (#339 of 831)

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


Roku Business Description

Address 1173 Coleman Avenue, San Jose, CA, USA, 95110
Roku enables consumers to stream television programming. Roku facilitated 145 billion streaming hours in 2025 and reached more than half of US broadband households. It is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells, as well as on connected televisions from other manufacturers that license Roku's name and software. Roku also operates The Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from device sales, licensing, and advertising, and it also receives fees from subscription streaming platforms that sell subscriptions through Roku.
75GF Score

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

$158.82
Price
$105.85
GF Value