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.
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.
DEFSEC TechnologiesTSXV:DFSC -5.71%33 Debt-to-Equity is 0.25 as of Mar. 2026, which is 127% above its 10-year median of 0.11. GuruFocus rates TSXV:DFSC with a GF Score™ of 33/100 and a GF Value™ of C$3.08 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 314 Aerospace & Defense companies, DEFSEC Technologies ranks better than 57.32% 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 DEFSEC Technologies's Debt-to-Equity or its related term are showing as below:
TSXV:DFSC'
s Debt-to-Equity Range Over the Past 10 Years
Min: -2.55 Med: 0.11 Max: 2.06
Current: 0.25
During the past 5 years, the highest Debt-to-Equity Ratio of DEFSEC Technologies was 2.06. The lowest was -2.55. And the median was 0.11.
TSXV:DFSC's Debt-to-Equity is ranked better than 57.32% of 314
companies
in the Aerospace & Defense industry
Industry Median: 0.325
vs TSXV:DFSC: 0.25
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.
DEFSEC Technologies Debt-to-Equity Related Terms
DEFSEC Technologies Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for DEFSEC Technologies'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.
TSXV:DFSC vs SPCX, GE, RTX: Debt-to-Equity Comparison
For the Aerospace & Defense subindustry, DEFSEC Technologies'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.
DEFSEC Technologies Debt-to-Equity vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, DEFSEC Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where DEFSEC Technologies'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.
DEFSEC Technologies (TSXV:DFSC) has a Debt-to-Equity of 0.25 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on DEFSEC Technologies and its competitors. This is 127% above median its historical median of 0.11. According to the industry distribution chart, DEFSEC Technologies ranks #134 out of 314 companies in the Aerospace & Defense industry, placing it in the top 42.7%.
Is DEFSEC Technologies' Debt-to-Equity too high?
DEFSEC Technologies' current Debt-to-Equity of 0.25 is 127% above median its 10-year median of 0.11. The Aerospace & Defense industry median Debt-to-Equity is 0.33. DEFSEC Technologies' value of 0.25 is 23.1% below this industry median. Based on the distribution chart, DEFSEC Technologies ranks #134 out of 314 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, DEFSEC Technologies has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does DEFSEC Technologies' Debt-to-Equity compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, DEFSEC Technologies ranks #134 out of 314 companies for Debt-to-Equity. This puts DEFSEC Technologies in the upper half of its industry. The industry median Debt-to-Equity is 0.33. DEFSEC Technologies' value of 0.25 is 23.1% below this benchmark. While the company's 10-year median is 0.11 vs. the industry median of 0.33, DEFSEC Technologies 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 an Aerospace & Defense company?
The median Debt-to-Equity among Aerospace & Defense companies is 0.33, based on 314 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. DEFSEC Technologies's current Debt-to-Equity of 0.25 is 23.1% 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 DEFSEC Technologies and its competitors. For the Aerospace & Defense 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. DEFSEC Technologies's current Debt-to-Equity is 0.25, which is 127% above median its own 10-year median of 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DEFSEC Technologies stock overvalued right now?
Based on GuruFocus' analysis, DEFSEC Technologies (TSXV:DFSC) is currently considered Possible Value Trap. The stock's GF Value™ is C$3.08, compared to a current price of C$1.65 — trading 46.4% below its estimated fair value. The current Debt-to-Equity is 0.25, which is 127% above median its 10-year median of 0.11 and 23.1% below the Aerospace & Defense industry median of 0.33. DEFSEC Technologies' overall GF Score™ is 33/100 with 4 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 DEFSEC Technologies (TSXV:DFSC), the current Debt-to-Equity is 0.25 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 DEFSEC Technologies (TSXV:DFSC) Overvalued in 2026?
Based on GuruFocus' analysis, DEFSEC Technologies stock appears to be undervalued.
The current stock price of C$1.65 is trading 46.4% below its estimated GF Value™ of C$3.08.
GuruFocus considers DEFSEC Technologies to be Possible Value Trap.
Key valuation signals for TSXV:DFSC:
Debt-to-Equity: 0.25 (127% above median its 10-year median of 0.11)
GF Value™: C$3.08 vs. price of C$1.65 (46.4% below fair value)
Industry Position: 23.1% below the Aerospace & Defense median (#134 of 314)
No single metric tells the full story. See the TSXV:DFSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DEFSEC Technologies Inc is a canadian defence company. The company develops and commercializes next-generation tactical systems. The company offers breakthrough technology in lethal and non-lethal systems with broad application, including law enforcement and personal defence, modernized digitization of tactical forces for shared situational awareness and targeting, and counter-measures against threats such as drones, lasers, and electronic detection.
33GF Score
Get the complete analysis for TSXV:DFSC
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSXV:DFSC has been successfully added to your 
