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SanDiskSNDK 51 Debt-to-Equity is 0.01 as of Jun. 2026, which is 89% below its 10-year median of 0.09. GuruFocus rates SNDK with a GF Score™ of 51/100. The stock has 2 warning signs investors should review. Among 2,228 Hardware companies, SanDisk ranks better than 99.96% 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 SanDisk's Debt-to-Equity or its related term are showing as below:
SNDK'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 0.22
Current: 0.01
During the past 13 years, the highest Debt-to-Equity Ratio of SanDisk was 0.22. The lowest was 0.01. And the median was 0.09.
SNDK's Debt-to-Equity is ranked better than 99.96% of 2228
companies
in the Hardware industry
Industry Median: 0.28
vs SNDK: 0.01
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.
SanDisk Debt-to-Equity Related Terms
SanDisk Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for SanDisk'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.
For the Computer Hardware subindustry, SanDisk'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.
SanDisk Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, SanDisk's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SanDisk'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.
SanDisk (SNDK) has a Debt-to-Equity of 0.01 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on SanDisk and its competitors. This is 89% below median its historical median of 0.09. Over the past decade, SanDisk's Debt-to-Equity has ranged from 0.01 to 0.22. According to the industry distribution chart, SanDisk ranks #1 out of 2228 companies in the Hardware industry, placing it in the top 0%.
Is SanDisk's Debt-to-Equity too high?
SanDisk's current Debt-to-Equity of 0.01 is 89% below median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.22. The Hardware industry median Debt-to-Equity is 0.28. SanDisk's value of 0.01 is 96.4% below this industry median. Based on the distribution chart, SanDisk ranks #1 out of 2228 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, SanDisk has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does SanDisk's Debt-to-Equity compare to ANET and STX?
According to the Hardware industry distribution chart, SanDisk ranks #1 out of 2228 companies for Debt-to-Equity. This places SanDisk in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.28. SanDisk's value of 0.01 is 96.4% below this benchmark. Historically, SanDisk's own Debt-to-Equity has ranged from 0.01 to 0.22 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 0.28, SanDisk 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,228 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. SanDisk's current Debt-to-Equity of 0.01 is 96.4% 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 SanDisk and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SanDisk's current Debt-to-Equity is 0.01, which is 89% below median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SanDisk stock overvalued right now?
SanDisk (SNDK) has a current Debt-to-Equity of 0.01. The current Debt-to-Equity is 0.01, which is 89% below median its 10-year median of 0.09 and 96.4% below the Hardware industry median of 0.28. SanDisk's overall GF Score™ is 51/100 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 SanDisk (SNDK), the current Debt-to-Equity is 0.01 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.
Sandisk is one of the five largest suppliers of NAND flash memory semiconductors globally. Sandisk is vertically integrated, producing substantially all of its flash chips at manufacturing sites across Japan via a joint-venture framework with Kioxia. Sandisk then repackages most of its chips into SSDs for consumer electronics, external storage, or cloud storage. Sandisk was formerly a piece of Western Digital for nine years (after being acquired in 2016) and was spun off as an independent company in 2025.
51GF Score
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