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Northern Solar Holdings BhdXKLS:0340 +0.74%21 Debt-to-Equity is 0.16 as of Mar. 2026, which is 24% below its 10-year median of 0.21. GuruFocus rates XKLS:0340 with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 911 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 60.7% 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 Northern Solar Holdings Bhd's Debt-to-Equity or its related term are showing as below:
XKLS:0340'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.21 Max: 0.71
Current: 0.16
During the past 5 years, the highest Debt-to-Equity Ratio of Northern Solar Holdings Bhd was 0.71. The lowest was 0.16. And the median was 0.21.
XKLS:0340's Debt-to-Equity is ranked better than 60.7% of 911
companies
in the Semiconductors industry
Industry Median: 0.26
vs XKLS:0340: 0.16
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.
Northern Solar Holdings Bhd Debt-to-Equity Related Terms
Northern Solar Holdings Bhd Debt-to-Equity Historical Data
* 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.
XKLS:0340 vs FSLR, NXT, ENPH: Debt-to-Equity Comparison
For the Solar subindustry, Northern Solar Holdings Bhd'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.
Northern Solar Holdings Bhd Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Northern Solar Holdings Bhd'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.
Northern Solar Holdings Bhd (XKLS:0340) has a Debt-to-Equity of 0.16 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Northern Solar Holdings Bhd and its competitors. This is 24% below median its historical median of 0.21. Over the past decade, Northern Solar Holdings Bhd's Debt-to-Equity has ranged from 0.16 to 0.71. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #358 out of 911 companies in the Semiconductors industry, placing it in the top 39.3%.
Is Northern Solar Holdings Bhd's Debt-to-Equity too high?
Northern Solar Holdings Bhd's current Debt-to-Equity of 0.16 is 24% below median its 10-year median of 0.21. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.71. The Semiconductors industry median Debt-to-Equity is 0.26. Northern Solar Holdings Bhd's value of 0.16 is 38.5% below this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #358 out of 911 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Northern Solar Holdings Bhd has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Debt-to-Equity compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #358 out of 911 companies for Debt-to-Equity. This puts Northern Solar Holdings Bhd in the upper half of its industry. The industry median Debt-to-Equity is 0.26. Northern Solar Holdings Bhd's value of 0.16 is 38.5% below this benchmark. Historically, Northern Solar Holdings Bhd's own Debt-to-Equity has ranged from 0.16 to 0.71 over the past decade. While the company's 10-year median is 0.21 vs. the industry median of 0.26, Northern Solar Holdings Bhd 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 a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.26, based on 911 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. Northern Solar Holdings Bhd's current Debt-to-Equity of 0.16 is 38.5% 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 Northern Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current Debt-to-Equity is 0.16, which is 24% below median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Debt-to-Equity of 0.16. The current Debt-to-Equity is 0.16, which is 24% below median its 10-year median of 0.21 and 38.5% below the Semiconductors industry median of 0.26. Northern Solar Holdings Bhd's overall GF Score™ is 21/100 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 Northern Solar Holdings Bhd (XKLS:0340), the current Debt-to-Equity is 0.16 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.
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
21GF Score
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