SSHPF (Vow ASA) Debt-to-Equity: 2.60 (As of Mar. 2026) — 221% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

SSHPF Vow ASA SSHPF
74 GF Score
Price $0.26
GF Value $0.33
! 5 Warning Signs
View Full Analysis

What is Vow ASA Debt-to-Equity?

Vow ASA SSHPF +0.23% 74 Debt-to-Equity is 2.60 as of Mar. 2026, which is 221% above its 10-year median of 0.81. GuruFocus rates SSHPF with a GF Score™ of 74/100 and a GF Value™ of $0.33. The stock has 5 warning signs investors should review. Among 2,679 Industrial Products companies, Vow ASA ranks worse than 97.76% on this metric.

Vow ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $30.2 Mil. Vow ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $21.3 Mil. Vow ASA's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $19.8 Mil. Vow ASA's debt to equity for the quarter that ended in Mar. 2026 was 2.60.

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

SSHPF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03   Med: 0.81   Max: 2.6
Current: 2.6

During the past 13 years, the highest Debt-to-Equity Ratio of Vow ASA was 2.60. The lowest was 0.03. And the median was 0.81.

SSHPF's Debt-to-Equity is ranked worse than
97.76% of 2679 companies
in the Industrial Products industry
Industry Median: 0.28 vs SSHPF: 2.60

Vow ASA  (OTCPK:SSHPF) 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.


Vow ASA Debt-to-Equity Related Terms


Vow ASA Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Vow ASA'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.

Vow ASA Debt-to-Equity Chart

Vow ASA 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 0.59 0.97 1.84 0.94 2.14

Vow ASA Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 N/A 1.39 1.68 2.14 2.60

SSHPF vs VLTO, ZWS, CECO: Debt-to-Equity Comparison

For the Pollution & Treatment Controls subindustry, Vow ASA'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.


Vow ASA Debt-to-Equity vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Vow ASA's Debt-to-Equity distribution charts can be found below:

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


SSHPF
74GF Score
Vow ASA SSHPF
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vow ASA Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Vow ASA'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 2.60 mean?
Vow ASA (SSHPF) has a Debt-to-Equity of 2.60 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Vow ASA and its competitors. This is 221% above median its historical median of 0.81. Over the past decade, Vow ASA's Debt-to-Equity has ranged from 0.03 to 2.60. According to the industry distribution chart, Vow ASA ranks #2619 out of 2679 companies in the Industrial Products industry, placing it in the top 97.8%.
Is Vow ASA's Debt-to-Equity too high?
Vow ASA's current Debt-to-Equity of 2.60 is 221% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 2.60. The Industrial Products industry median Debt-to-Equity is 0.28. Vow ASA's value of 2.60 is 828.6% above this industry median. Based on the distribution chart, Vow ASA ranks #2619 out of 2679 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Vow ASA has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Vow ASA's Debt-to-Equity compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Vow ASA ranks #2619 out of 2679 companies for Debt-to-Equity. This places Vow ASA in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Vow ASA's value of 2.60 is 828.6% above this benchmark. Historically, Vow ASA's own Debt-to-Equity has ranged from 0.03 to 2.60 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.28, Vow ASA 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 an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,679 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. Vow ASA's current Debt-to-Equity of 2.60 is 828.6% 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 Vow ASA and its competitors. For the Industrial Products 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. Vow ASA's current Debt-to-Equity is 2.60, which is 221% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vow ASA stock overvalued right now?
Vow ASA (SSHPF) has a current Debt-to-Equity of 2.60. The stock's GF Value™ is $0.33, compared to a current price of $0.26 — trading 19.9% below its estimated fair value. The current Debt-to-Equity is 2.60, which is 221% above median its 10-year median of 0.81 and 828.6% above the Industrial Products industry median of 0.28. Vow ASA's overall GF Score™ is 74/100 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 Vow ASA (SSHPF), the current Debt-to-Equity is 2.60 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.

Is Vow ASA (SSHPF) Overvalued in 2026?

Based on GuruFocus' analysis, Vow ASA stock appears to be undervalued. The current stock price of $0.26 is trading 19.9% below its estimated GF Value™ of $0.33.

Key valuation signals for SSHPF:

  • Debt-to-Equity: 2.60 (221% above median its 10-year median of 0.81)
  • GF Value™: $0.33 vs. price of $0.26 (19.9% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 828.6% above the Industrial Products median (#2619 of 2679)

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


Vow ASA Business Description

Address Wergelandsveien 7, Oslo, NOR, 0244
Vow ASA develops and delivers technology and solutions to bring an end to waste and help industries decarbonise. The solutions purify wastewater and convert biomass and waste into valuable resources, generating CO2-neutral energy and biocarbon that decarbonise industrial processes. The group is organised across three operating segments: Industrial Solutions, Maritime Solutions, and Aftersales. Maximum revenue is generated from the Maritime Solutions segment, which includes wastewater purification, garbage handling, food waste treatment, and sludge processing solutions for the cruise industry. Geographically, the company generates a majority of its revenue from Europe.
74GF Score

Get the complete analysis for SSHPF

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

$0.26
Price
$0.33
GF Value