Perma-Pipe International Holdings (PPIH) Debt Ratio (2011 - 2026)
Perma-Pipe International Holdings' (PPIH) quarterly Debt Ratio came in at 0.17 in Q2 2026, up 148.46% YoY from 0.07 in Q2 2025, and up 55.41% 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 (PPIH) has 16 years of Debt Ratio data on file, last reported at 0.17 in Q2 2026.
- Quarterly Debt Ratio rose 148.46% year-over-year to 0.17 in Q2 2026, while the trailing twelve-month figure through Apr 2026 was 0.17 (up 148.46% YoY) and the FY2026 annual result came in at 0.11, up 41.26% from the prior year.
- Debt Ratio improved to 0.17 in Q2 2026, from 0.11 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.17 in Q2 2026 to a low of 0.06 in Q2 2024.
- A 5-year average of 0.09 and a median of 0.09 in 2022 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2025 — Debt Ratio retreated 28.12% — and 2026, when it soared 148.46%.
- Tracing PPIH's Debt Ratio over 5 years: stood at 0.09 in 2022, then retreated by 18.03% to 0.08 in 2023, then soared by 37.3% to 0.1 in 2024, then soared by 32.57% to 0.14 in 2025, then gained by 25.17% to 0.17 in 2026.
- The last three Debt Ratio figures came in at 0.17 (Q2 2026), 0.11 (Q1 2026), and 0.14 (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.71 Bn | 98.39 Bn | 2.26 Bn | 0.19 |
| 2 | Johnson Controls International | 87.29 Bn | 86.65 Bn | 2.47 Bn | 0.24 |
| 3 | Carrier Global | 49.78 Bn | 48.43 Bn | 1.94 Bn | 0.32 |
| 4 | Masco | 14.62 Bn | 14.07 Bn | 868.00 Mn | 0.60 |
| 5 | Carlisle Companies | 14.41 Bn | 13.74 Bn | 568.40 Mn | 0.46 |
| 6 | Lennox International | 14.06 Bn | 14.01 Bn | 539.50 Mn | 0.26 |
| 7 | Owens Corning | 11.84 Bn | 11.57 Bn | 793.00 Mn | 0.48 |
| 8 | Advanced Drainage Systems | 10.91 Bn | 10.75 Bn | 408.05 Mn | 0.36 |
| 9 | SPX Technologies | 10.27 Bn | 10.10 Bn | 272.80 Mn | 0.15 |
| 10 | Perma-Pipe International Holdings | 217.53 Mn | 185.69 Mn | 14.64 Mn | 0.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 0.17 |
| Jan 31, 2026 | 0.11 |
| Oct 31, 2025 | 0.14 |
| Jul 31, 2025 | 0.07 |
| Apr 30, 2025 | 0.07 |
| Jan 31, 2025 | 0.08 |
| Oct 31, 2024 | 0.10 |
| Jul 31, 2024 | 0.10 |
| Apr 30, 2024 | 0.06 |
| Jan 31, 2024 | 0.10 |
| Oct 31, 2023 | 0.08 |
| Jul 31, 2023 | 0.08 |
| Apr 30, 2023 | 0.07 |
| Jan 31, 2023 | 0.07 |
| Oct 31, 2022 | 0.09 |
| Jul 31, 2022 | 0.10 |
| Apr 30, 2022 | 0.08 |
| Jan 31, 2022 | 0.10 |
| Oct 31, 2021 | 0.04 |
| Jul 31, 2021 | 0.07 |