Perma-Pipe International Holdings (PPIH) Debt Ratio (2011 - 2026)

Perma-Pipe International Holdings' (PPIH) quarterly Debt Ratio came in at 0.13 in Q2 2026, up 203.89% YoY from 0.04 in Q2 2025, and up 20.86% on a QoQ basis from 0.11 in Q1 2026.

Perma-Pipe International Holdings (PPIH) Debt Ratio (2011 - 2026) Analysis & Trends

Perma-Pipe International Holdings' Debt Ratio history runs 16 years deep, the most recent figure standing at 0.13 for Q2 2026.

  • On a quarterly basis, Debt Ratio rose 203.89% year-over-year to 0.13 in Q2 2026; TTM through Apr 2026 was 0.13, a 203.89% increase from a year earlier, with the FY2026 full-year figure at 0.11, up 41.26% from the prior year.
  • Debt Ratio was 0.13 for Q2 2026 at Perma-Pipe International Holdings, up from 0.11 in the prior quarter.
  • Over the last five years, Debt Ratio for PPIH reached as high as 0.14 in Q4 2025 and fell as low as 0.03 in Q1 2024.
  • A 5-year average of 0.08 and a median of 0.08 in 2023 frame the typical range for Debt Ratio.
  • The widest annual swing landed in 2024, when Debt Ratio plunged 61.05%; it then jumped 203.89% in 2026.
  • Tracing PPIH's Debt Ratio over 5 years: stood at 0.09 in 2022, then retreated by 14.34% to 0.08 in 2023, then slipped by 0.38% to 0.08 in 2024, then jumped by 75.76% to 0.14 in 2025, then declined by 2.65% to 0.13 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.13, 0.11, and 0.14 for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 0.20
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 0.24
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 0.33
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 0.27
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn 0.56
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 0.48
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 0.17
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 0.36
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 0.24
10 Perma-Pipe International Holdings 234.43 Mn 219.08 Mn 14.64 Mn 0.13

Historic Data

Download Data
DateValue
Apr 30, 2026 0.13
Jan 31, 2026 0.11
Oct 31, 2025 0.14
Jul 31, 2025 0.05
Apr 30, 2025 0.04
Jan 31, 2025 0.08
Oct 31, 2024 0.08
Jul 31, 2024 0.09
Apr 30, 2024 0.07
Jan 31, 2024 0.03
Oct 31, 2023 0.08
Jul 31, 2023 0.09
Apr 30, 2023 0.11
Jan 31, 2023 0.07
Oct 31, 2022 0.09
Jul 31, 2022 0.10
Apr 30, 2022 0.08
Jan 31, 2022 0.05
Oct 31, 2021 0.08
Jul 31, 2021 0.07