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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 Denison Mines's Debt-to-Equity or its related term are showing as below:
TSX:DML'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.17
Current: 1.17
During the past 13 years, the highest Debt-to-Equity Ratio of Denison Mines was 1.17. The lowest was 0.00. And the median was 0.00.
TSX:DML's Debt-to-Equity is ranked worse than 83.58% of 134
companies
in the Other Energy Sources industry
Industry Median: 0.325
vs TSX:DML: 1.17
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.
Denison Mines Debt-to-Equity Related Terms
Denison Mines Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Denison Mines'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 Uranium subindustry, Denison Mines'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.
Denison Mines Debt-to-Equity vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Denison Mines's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Denison Mines'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.
Denison Mines (TSX:DML) has a Debt-to-Equity of 1.17 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Denison Mines and its competitors. According to the industry distribution chart, Denison Mines ranks #112 out of 134 companies in the Other Energy Sources industry, placing it in the top 83.6%.
Is Denison Mines' Debt-to-Equity too high?
Denison Mines' current Debt-to-Equity is 1.17. The Other Energy Sources industry median Debt-to-Equity is 0.33. Denison Mines' value of 1.17 is 260% above this industry median. Based on the distribution chart, Denison Mines ranks #112 out of 134 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Denison Mines has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Denison Mines' Debt-to-Equity compare to UEC and LEU?
According to the Other Energy Sources industry distribution chart, Denison Mines ranks #112 out of 134 companies for Debt-to-Equity. This places Denison Mines in the lower half of its industry. The industry median Debt-to-Equity is 0.33. Denison Mines' value of 1.17 is 260% above this benchmark. 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 Other Energy Sources company?
The median Debt-to-Equity among Other Energy Sources companies is 0.33, based on 134 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. Denison Mines's current Debt-to-Equity of 1.17 is 260% 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 Denison Mines and its competitors. For the Other Energy Sources industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Denison Mines's current Debt-to-Equity is 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Denison Mines stock overvalued right now?
Based on GuruFocus' analysis, Denison Mines (TSX:DML) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.61, compared to a current price of C$3.90 — trading 49.4% above its estimated fair value. The current Debt-to-Equity is 1.17 and 260% above the Other Energy Sources industry median of 0.33. Denison Mines' overall GF Score™ is 62/100 with 8 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 Denison Mines (TSX:DML), the current Debt-to-Equity is 1.17 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 Denison Mines (TSX:DML) Overvalued in 2026?
Based on GuruFocus' analysis, Denison Mines stock appears to be overvalued.
The current stock price of C$3.90 is trading 49.4% above its estimated GF Value™ of C$2.61.
GuruFocus considers Denison Mines to be Significantly Overvalued.
Key valuation signals for TSX:DML:
Debt-to-Equity: 1.17
GF Value™: C$2.61 vs. price of C$3.90 (49.4% above fair value)
Industry Position: 260% above the Other Energy Sources median (#112 of 134)
No single metric tells the full story. See the TSX:DML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Denison Mines Corp is engaged in uranium mining-related activities, including the acquisition, exploration, development, and mining of uranium-bearing properties, as well as the processing, sale, and investment in uranium. The company's key properties include Wheeler River, Waterbury Lake, McClean Lake, Midwest, and others. It operates through two segments: the Mining segment and the Corporate and Other segment. The majority of the company's revenue is generated from the Mining segment, which includes activities related to exploration, evaluation, and development, mining, milling (including toll milling), and the sale of mineral concentrates.
62GF Score
Get the complete analysis for TSX:DML
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