Madmind Studio (WAR:MMS) Debt-to-Equity: 0.10 (As of Mar. 2026) — 900% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

WAR:MMS Madmind Studio SA WAR:MMS
48 GF Score
Price zł0.32
GF Value zł1.33
Valuation Significantly Undervalued
! 5 Warning Signs
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What is Madmind Studio Debt-to-Equity?

Madmind Studio WAR:MMS -18.78% 48 Debt-to-Equity is 0.10 as of Mar. 2026, which is 900% above its 10-year median of 0.01. GuruFocus rates WAR:MMS with a GF Score™ of 48/100 and a GF Value™ of zł1.33 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 411 Interactive Media companies, Madmind Studio ranks better than 54.26% on this metric.

Madmind Studio's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł0.67 Mil. Madmind Studio's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł0.00 Mil. Madmind Studio's Total Stockholders Equity for the quarter that ended in Mar. 2026 was zł6.54 Mil. Madmind Studio's debt to equity for the quarter that ended in Mar. 2026 was 0.10.

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 Madmind Studio's Debt-to-Equity or its related term are showing as below:

WAR:MMS' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.23   Med: 0.01   Max: 0.12
Current: 0.1

During the past 5 years, the highest Debt-to-Equity Ratio of Madmind Studio was 0.12. The lowest was -5.23. And the median was 0.01.

WAR:MMS's Debt-to-Equity is ranked better than
54.26% of 411 companies
in the Interactive Media industry
Industry Median: 0.13 vs WAR:MMS: 0.10

Madmind Studio  (WAR:MMS) 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.


Madmind Studio Debt-to-Equity Related Terms


Madmind Studio Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Madmind Studio'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.

Madmind Studio Debt-to-Equity Chart

Madmind Studio Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
0.00 0.00 0.01 0.00 -5.23

Madmind Studio 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 0.00 0.12 0.12 -5.23 0.10

WAR:MMS vs NTES, EA, TTWO: Debt-to-Equity Comparison

For the Electronic Gaming & Multimedia subindustry, Madmind Studio'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.


Madmind Studio Debt-to-Equity vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Madmind Studio's Debt-to-Equity distribution charts can be found below:

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


WAR:MMS
48GF Score
Madmind Studio SA WAR:MMS
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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Madmind Studio Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Madmind Studio'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 0.10 mean?
Madmind Studio (WAR:MMS) has a Debt-to-Equity of 0.10 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Madmind Studio and its competitors. This is 900% above median its historical median of 0.01. According to the industry distribution chart, Madmind Studio ranks #188 out of 411 companies in the Interactive Media industry, placing it in the top 45.7%.
Is Madmind Studio's Debt-to-Equity too high?
Madmind Studio's current Debt-to-Equity of 0.10 is 900% above median its 10-year median of 0.01. The Interactive Media industry median Debt-to-Equity is 0.13. Madmind Studio's value of 0.10 is 23.1% below this industry median. Based on the distribution chart, Madmind Studio ranks #188 out of 411 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Madmind Studio has a GF Score™ of 48/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madmind Studio's Debt-to-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, Madmind Studio ranks #188 out of 411 companies for Debt-to-Equity. This puts Madmind Studio in the upper half of its industry. The industry median Debt-to-Equity is 0.13. Madmind Studio's value of 0.10 is 23.1% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.13, Madmind Studio 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 Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.13, based on 411 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. Madmind Studio's current Debt-to-Equity of 0.10 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 Madmind Studio and its competitors. For the Interactive Media industry, the median Debt-to-Equity is 0.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madmind Studio's current Debt-to-Equity is 0.10, which is 900% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madmind Studio stock overvalued right now?
Based on GuruFocus' analysis, Madmind Studio (WAR:MMS) is currently considered Significantly Undervalued. The stock's GF Value™ is zł1.33, compared to a current price of zł0.32 — trading 75.9% below its estimated fair value. The current Debt-to-Equity is 0.10, which is 900% above median its 10-year median of 0.01 and 23.1% below the Interactive Media industry median of 0.13. Madmind Studio's overall GF Score™ is 48/100 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 Madmind Studio (WAR:MMS), the current Debt-to-Equity is 0.10 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 Madmind Studio (WAR:MMS) Overvalued in 2026?

Based on GuruFocus' analysis, Madmind Studio stock appears to be undervalued. The current stock price of zł0.32 is trading 75.9% below its estimated GF Value™ of zł1.33. GuruFocus considers Madmind Studio to be Significantly Undervalued.

Key valuation signals for WAR:MMS:

  • Debt-to-Equity: 0.10 (900% above median its 10-year median of 0.01)
  • GF Value™: zł1.33 vs. price of zł0.32 (75.9% below fair value)
  • GF Score™: 48/100 with 5 warning signs
  • Industry Position: 23.1% below the Interactive Media median (#188 of 411)

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


Madmind Studio Business Description

Address ul. Grunwaldzka 229, Bydgoszcz, POL, 85-451
Madmind Studio SA is a video game development company. The studio comprises veteran game developers, who have worked on AAA titles such as The Division, Witcher 3, Sniper: Ghost Warrior 2, Alien Rage, Enemy Front, Real Boxing 2, Godfire: Rise of the Prometheus etc.
48GF Score

Get the complete analysis for WAR:MMS

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

zł0.32
Price
zł1.33
GF Value