Elevate Service Group (TSXV:SERV) Debt-to-Equity: 1.99 (As of Jun. 2026) — 55% 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.

TSXV:SERV Elevate Service Group Inc TSXV:SERV
9 GF Score
Price C$2.20
! 3 Warning Signs
View Full Analysis

What is Elevate Service Group Debt-to-Equity?

Elevate Service Group TSXV:SERV +0.46% 9 Debt-to-Equity is 1.99 as of Jun. 2026, which is 55% above its 10-year median of 1.28. GuruFocus rates TSXV:SERV with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 950 Business Services companies, Elevate Service Group ranks worse than 88.11% on this metric.

Elevate Service Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$2.60 Mil. Elevate Service Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was C$25.22 Mil. Elevate Service Group's Total Stockholders Equity for the quarter that ended in Jun. 2026 was C$14.02 Mil. Elevate Service Group's debt to equity for the quarter that ended in Jun. 2026 was 1.98.

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 Elevate Service Group's Debt-to-Equity or its related term are showing as below:

TSXV:SERV' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.81   Med: 1.28   Max: 1.99
Current: 1.99

During the past 2 years, the highest Debt-to-Equity Ratio of Elevate Service Group was 1.99. The lowest was -0.81. And the median was 1.28.

TSXV:SERV's Debt-to-Equity is ranked worse than
88.11% of 950 companies
in the Business Services industry
Industry Median: 0.34 vs TSXV:SERV: 1.99

Elevate Service Group  (TSXV:SERV) 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.


Elevate Service Group Debt-to-Equity Related Terms


Elevate Service Group Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Elevate Service Group'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.

Elevate Service Group Debt-to-Equity Chart

Elevate Service Group Annual Data
Trend Dec24 Dec25
Debt-to-Equity
-0.75 1.30

Elevate Service Group Quarterly Data
Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial N/A -0.81 1.30 1.28 1.99

TSXV:SERV vs CTAS, CPRT, GPN: Debt-to-Equity Comparison

For the Specialty Business Services subindustry, Elevate Service Group'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.


Elevate Service Group Debt-to-Equity vs Business Services Industry

For the Business Services industry and Industrials sector, Elevate Service Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Elevate Service Group's Debt-to-Equity falls into.


TSXV:SERV
9GF Score
Elevate Service Group Inc TSXV:SERV
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elevate Service Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elevate Service Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Elevate Service Group's Debt to Equity Ratio for the quarter that ended in Jun. 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 1.99 mean?
Elevate Service Group (TSXV:SERV) has a Debt-to-Equity of 1.99 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Elevate Service Group and its competitors. This is 55% above median its historical median of 1.28. According to the industry distribution chart, Elevate Service Group ranks #837 out of 950 companies in the Business Services industry, placing it in the top 88.1%.
Is Elevate Service Group's Debt-to-Equity too high?
Elevate Service Group's current Debt-to-Equity of 1.99 is 55% above median its 10-year median of 1.28. The Business Services industry median Debt-to-Equity is 0.34. Elevate Service Group's value of 1.99 is 485.3% above this industry median. Based on the distribution chart, Elevate Service Group ranks #837 out of 950 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Elevate Service Group has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Elevate Service Group's Debt-to-Equity compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Elevate Service Group ranks #837 out of 950 companies for Debt-to-Equity. This places Elevate Service Group in the lower half of its industry. The industry median Debt-to-Equity is 0.34. Elevate Service Group's value of 1.99 is 485.3% above this benchmark. While the company's 10-year median is 1.28 vs. the industry median of 0.34, Elevate Service Group 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 a Business Services company?
The median Debt-to-Equity among Business Services companies is 0.34, based on 950 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. Elevate Service Group's current Debt-to-Equity of 1.99 is 485.3% 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 Elevate Service Group and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elevate Service Group's current Debt-to-Equity is 1.99, which is 55% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elevate Service Group stock overvalued right now?
Elevate Service Group (TSXV:SERV) has a current Debt-to-Equity of 1.99. The current Debt-to-Equity is 1.99, which is 55% above median its 10-year median of 1.28 and 485.3% above the Business Services industry median of 0.34. Elevate Service Group's overall GF Score™ is 9/100 with 3 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 Elevate Service Group (TSXV:SERV), the current Debt-to-Equity is 1.99 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.

Elevate Service Group Business Description

Address 5450 Mainway Drive, Burlington, ON, CAN, L7L 6A4
Elevate Service Group Inc is a platform company focused on consolidating and modernizing the facilities management and commercial services industry across North America. It offers a single point of contact to deliver a comprehensive suite of essential facility services including electrical, plumbing, equipment repair, recurring preventative maintenance, store renovations, and capital asset management. The company also provide warehousing and inventory storage in proximity to client needs.
9GF Score

Get the complete analysis for TSXV:SERV

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

C$2.20
Price