CES Energy Solutions (TSX:CEU) Debt-to-Equity: 0.56 (As of Mar. 2026) — 19% Below Median

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TSX:CEU CES Energy Solutions Corp TSX:CEU
77 GF Score
Price C$16.63
GF Value C$9.45
Valuation Significantly Overvalued
! 1 Warning Sign
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What is CES Energy Solutions Debt-to-Equity?

CES Energy Solutions TSX:CEU +1.77% 77 Debt-to-Equity is 0.56 as of Mar. 2026, which is 19% below its 10-year median of 0.69. GuruFocus rates TSX:CEU with a GF Score™ of 77/100 and a GF Value™ of C$9.45 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 798 Oil & Gas companies, CES Energy Solutions ranks worse than 55.51% on this metric.

CES Energy Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was C$39 Mil. CES Energy Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was C$431 Mil. CES Energy Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2026 was C$844 Mil. CES Energy Solutions's debt to equity for the quarter that ended in Mar. 2026 was 0.56.

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 CES Energy Solutions's Debt-to-Equity or its related term are showing as below:

TSX:CEU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51   Med: 0.69   Max: 0.99
Current: 0.56

During the past 13 years, the highest Debt-to-Equity Ratio of CES Energy Solutions was 0.99. The lowest was 0.51. And the median was 0.69.

TSX:CEU's Debt-to-Equity is ranked worse than
55.51% of 798 companies
in the Oil & Gas industry
Industry Median: 0.46 vs TSX:CEU: 0.56

CES Energy Solutions  (TSX:CEU) 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.


CES Energy Solutions Debt-to-Equity Related Terms


CES Energy Solutions Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for CES Energy Solutions'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.

CES Energy Solutions Debt-to-Equity Chart

CES Energy Solutions 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 0.90 0.91 0.71 0.54 0.60

CES Energy Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 0.55 0.60 0.62 0.60 0.56

TSX:CEU vs SLB, BKR, FTI: Debt-to-Equity Comparison

For the Oil & Gas Equipment & Services subindustry, CES Energy Solutions'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.


CES Energy Solutions Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CES Energy Solutions's Debt-to-Equity distribution charts can be found below:

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


TSX:CEU
77GF Score
CES Energy Solutions Corp TSX:CEU
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CES Energy Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

CES Energy Solutions'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 0.56 mean?
CES Energy Solutions (TSX:CEU) has a Debt-to-Equity of 0.56 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on CES Energy Solutions and its competitors. This is 19% below median its historical median of 0.69. Over the past decade, CES Energy Solutions' Debt-to-Equity has ranged from 0.51 to 0.99. According to the industry distribution chart, CES Energy Solutions ranks #443 out of 798 companies in the Oil & Gas industry, placing it in the top 55.5%.
Is CES Energy Solutions' Debt-to-Equity too high?
CES Energy Solutions' current Debt-to-Equity of 0.56 is 19% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.99. The Oil & Gas industry median Debt-to-Equity is 0.46. CES Energy Solutions' value of 0.56 is 21.7% above this industry median. Based on the distribution chart, CES Energy Solutions ranks #443 out of 798 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, CES Energy Solutions has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CES Energy Solutions' Debt-to-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CES Energy Solutions ranks #443 out of 798 companies for Debt-to-Equity. This places CES Energy Solutions in the lower half of its industry. The industry median Debt-to-Equity is 0.46. CES Energy Solutions' value of 0.56 is 21.7% above this benchmark. Historically, CES Energy Solutions' own Debt-to-Equity has ranged from 0.51 to 0.99 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 0.46, CES Energy Solutions 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 Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.46, based on 798 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. CES Energy Solutions's current Debt-to-Equity of 0.56 is 21.7% 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 CES Energy Solutions and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CES Energy Solutions's current Debt-to-Equity is 0.56, which is 19% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CES Energy Solutions stock overvalued right now?
Based on GuruFocus' analysis, CES Energy Solutions (TSX:CEU) is currently considered Significantly Overvalued. The stock's GF Value™ is C$9.45, compared to a current price of C$16.63 — trading 76% above its estimated fair value. The current Debt-to-Equity is 0.56, which is 19% below median its 10-year median of 0.69 and 21.7% above the Oil & Gas industry median of 0.46. CES Energy Solutions' overall GF Score™ is 77/100 with 1 warning sign 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 CES Energy Solutions (TSX:CEU), the current Debt-to-Equity is 0.56 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 CES Energy Solutions (TSX:CEU) Overvalued in 2026?

Based on GuruFocus' analysis, CES Energy Solutions stock appears to be overvalued. The current stock price of C$16.63 is trading 76% above its estimated GF Value™ of C$9.45. GuruFocus considers CES Energy Solutions to be Significantly Overvalued.

Key valuation signals for TSX:CEU:

  • Debt-to-Equity: 0.56 (19% below median its 10-year median of 0.69)
  • GF Value™: C$9.45 vs. price of C$16.63 (76% above fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 21.7% above the Oil & Gas median (#443 of 798)

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


CES Energy Solutions Business Description

Industry EnergyOil & Gas
Other Exchanges CESDF:USA7C4:Germany
Address 332 - 6th Avenue S.W., Suite 1400, Calgary, AB, CAN, T2P 0B2
CES Energy Solutions Corp business is to design, implement, and manufacture consumable fluids and specialty chemicals for the North American oil and gas industry. This includes solutions at drill-bit, at point of completion and stimulation, at wellhead and pump-jack and to the pipeline and midstream market. Its geographical segments are the United States and Canada, of which the majority of its revenue comes from the United States.
77GF Score

Get the complete analysis for TSX:CEU

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

C$16.63
Price
C$9.45
GF Value