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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 Dell Technologies's Debt-to-Equity or its related term are showing as below:
XSWX:DELL'
s Debt-to-Equity Range Over the Past 10 Years
Min: -61.76 Med: -9.5 Max: 289.72
Current: -22.19
During the past 12 years, the highest Debt-to-Equity Ratio of Dell Technologies was 289.72. The lowest was -61.76. And the median was -9.50.
XSWX:DELL's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.27
vs XSWX:DELL: -22.19
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.
Dell Technologies Debt-to-Equity Related Terms
Dell Technologies Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Dell 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.
XSWX:DELL vs ANET, SNDK, STX: Debt-to-Equity Comparison
For the Computer Hardware subindustry, Dell 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.
Dell Technologies Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Dell Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Dell 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.
Dell Technologies (XSWX:DELL) has a Debt-to-Equity of -22.19 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Dell Technologies and its competitors. According to the industry distribution chart, Dell Technologies ranks #999999 out of 2218 companies in the Hardware industry.
Is Dell Technologies' Debt-to-Equity too high?
Dell Technologies' current Debt-to-Equity is -22.19. Based on the distribution chart, Dell Technologies ranks #999999 out of 2218 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Dell Technologies has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Dell Technologies' Debt-to-Equity compare to ANET and SNDK?
According to the Hardware industry distribution chart, Dell Technologies ranks #999999 out of 2218 companies for Debt-to-Equity. This places Dell Technologies in the lower half of its industry. The industry median Debt-to-Equity is 0.27. 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 Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, based on 2,218 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. 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 Dell Technologies and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell Technologies's current Debt-to-Equity is -22.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dell Technologies stock overvalued right now?
Dell Technologies (XSWX:DELL) has a current Debt-to-Equity of -22.19. The stock's GF Value™ is CHF165.27, compared to a current price of CHF326.45 — trading 97.5% above its estimated fair value. The current Debt-to-Equity is -22.19. Dell Technologies' overall GF Score™ is 69/100 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 Dell Technologies (XSWX:DELL), the current Debt-to-Equity is -22.19 as of Apr. 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 Dell Technologies (XSWX:DELL) Overvalued in 2026?
Based on GuruFocus' analysis, Dell Technologies stock appears to be overvalued.
The current stock price of CHF326.45 is trading 97.5% above its estimated GF Value™ of CHF165.27.
Key valuation signals for XSWX:DELL:
Debt-to-Equity: -22.19
GF Value™: CHF165.27 vs. price of CHF326.45 (97.5% above fair value)
No single metric tells the full story. See the XSWX:DELL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It focuses on premium and commercial personal computers, as well as enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell has a robust ecosystem of component and assembly partners and also relies heavily on channel partners to fulfill its sales.
69GF Score
Get the complete analysis for XSWX:DELL
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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