The Dust (WAR:THD) Debt-to-Equity: 0.18 (As of Mar. 2026)

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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:THD The Dust SA WAR:THD
19 GF Score
Price zł0.65
! 3 Warning Signs
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What is The Dust Debt-to-Equity?

The Dust WAR:THD -0.76% 19 Debt-to-Equity is 0.18 as of Mar. 2026. GuruFocus rates WAR:THD with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 407 Interactive Media companies, The Dust ranks worse than 55.28% on this metric.

The Dust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł0.11 Mil. The Dust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was zł0.00 Mil. The Dust's Total Stockholders Equity for the quarter that ended in Mar. 2026 was zł0.63 Mil. The Dust's debt to equity for the quarter that ended in Mar. 2026 was 0.18.

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 The Dust's Debt-to-Equity or its related term are showing as below:

WAR:THD' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.79   Med: -0.02   Max: 58.67
Current: 0.18

During the past 10 years, the highest Debt-to-Equity Ratio of The Dust was 58.67. The lowest was -1.79. And the median was -0.02.

WAR:THD's Debt-to-Equity is ranked worse than
55.28% of 407 companies
in the Interactive Media industry
Industry Median: 0.13 vs WAR:THD: 0.18

The Dust  (WAR:THD) 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.


The Dust Debt-to-Equity Related Terms


The Dust Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for The Dust'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.

The Dust Debt-to-Equity Chart

The Dust 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 0.00 0.00 1.70 58.67 -0.27

The Dust 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 -1.79 -1.59 -0.29 -0.27 0.18

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

For the Electronic Gaming & Multimedia subindustry, The Dust'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.


The Dust Debt-to-Equity vs Interactive Media Industry

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

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


WAR:THD
19GF Score
The Dust SA WAR:THD
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
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The Dust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

The Dust'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 0.18 mean?
The Dust (WAR:THD) has a Debt-to-Equity of 0.18 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on The Dust and its competitors. According to the industry distribution chart, The Dust ranks #225 out of 407 companies in the Interactive Media industry, placing it in the top 55.3%.
Is The Dust's Debt-to-Equity too high?
The Dust's current Debt-to-Equity is 0.18. The Interactive Media industry median Debt-to-Equity is 0.13. The Dust's value of 0.18 is 38.5% above this industry median. Based on the distribution chart, The Dust ranks #225 out of 407 companies in the Interactive Media industry, which is below the industry midpoint. Overall, The Dust has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does The Dust's Debt-to-Equity compare to NTES and EA?
According to the Interactive Media industry distribution chart, The Dust ranks #225 out of 407 companies for Debt-to-Equity. This places The Dust in the lower half of its industry. The industry median Debt-to-Equity is 0.13. The Dust's value of 0.18 is 38.5% 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 Interactive Media company?
The median Debt-to-Equity among Interactive Media companies is 0.13, based on 407 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. The Dust's current Debt-to-Equity of 0.18 is 38.5% 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 The Dust 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. The Dust's current Debt-to-Equity is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Dust stock overvalued right now?
The Dust (WAR:THD) has a current Debt-to-Equity of 0.18. The current Debt-to-Equity is 0.18 and 38.5% above the Interactive Media industry median of 0.13. The Dust's overall GF Score™ is 19/100 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 The Dust (WAR:THD), the current Debt-to-Equity is 0.18 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.

The Dust Business Description

Address ul. Podwale 7/5, Wroclaw, POL, 50-043
The Dust SA offers a range of tools in the field of advergaming, creating projects using AR and VR technologies and production of mobile games. The company offers Cyber Strike, Winnie Play, and others.
19GF Score

Get the complete analysis for WAR:THD

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

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