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SolarMax TechnologySMXT -4.26%17 Debt-to-Equity is -3.18 as of Mar. 2026. GuruFocus rates SMXT with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 903 Semiconductors companies, SolarMax Technology ranks worse than 110741.86% 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 SolarMax Technology's Debt-to-Equity or its related term are showing as below:
SMXT'
s Debt-to-Equity Range Over the Past 10 Years
Min: -64.39 Med: -2.86 Max: 36.45
Current: -3.18
During the past 9 years, the highest Debt-to-Equity Ratio of SolarMax Technology was 36.45. The lowest was -64.39. And the median was -2.86.
SMXT's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.26
vs SMXT: -3.18
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.
SolarMax Technology Debt-to-Equity Related Terms
SolarMax Technology Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SolarMax Technology'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.
SMXT vs ZEO, BEEM, ASTI: Debt-to-Equity Comparison
For the Solar subindustry, SolarMax Technology'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.
SolarMax Technology Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, SolarMax Technology's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SolarMax Technology'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.
SolarMax Technology (SMXT) has a Debt-to-Equity of -3.18 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SolarMax Technology and its competitors. According to the industry distribution chart, SolarMax Technology ranks #999999 out of 903 companies in the Semiconductors industry.
Is SolarMax Technology's Debt-to-Equity too high?
SolarMax Technology's current Debt-to-Equity is -3.18. Based on the distribution chart, SolarMax Technology ranks #999999 out of 903 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, SolarMax Technology has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does SolarMax Technology's Debt-to-Equity compare to ZEO and BEEM?
According to the Semiconductors industry distribution chart, SolarMax Technology ranks #999999 out of 903 companies for Debt-to-Equity. This places SolarMax Technology in the lower half of its industry. The industry median Debt-to-Equity is 0.26. 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 903 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. 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 SolarMax Technology 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. SolarMax Technology's current Debt-to-Equity is -3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SolarMax Technology stock overvalued right now?
SolarMax Technology (SMXT) has a current Debt-to-Equity of -3.18. The current Debt-to-Equity is -3.18. SolarMax Technology's overall GF Score™ is 17/100 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 SolarMax Technology (SMXT), the current Debt-to-Equity is -3.18 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.
SolarMax Technology Inc is an integrated solar and renewable energy company. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, Q-CELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from solar energy systems.
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