Perma-Pipe International Holdings (PPIH) Debt to Equity (2011 - 2026)

Perma-Pipe International Holdings' (PPIH) quarterly Debt to Equity came in at $0.32 in Q2 2026, up 218.81% YoY from $0.1 in Q2 2025, and up 21.01% on a QoQ basis from $0.26 in Q1 2026.

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

Perma-Pipe International Holdings' Debt to Equity history runs 16 years deep, the most recent figure standing at $0.32 for Q2 2026.

  • On a quarterly basis, Debt to Equity rose 218.81% year-over-year to $0.32 in Q2 2026; TTM through Apr 2026 was $0.32, a 218.81% increase from a year earlier, with the FY2026 full-year figure at $0.26, up 47.97% from the prior year.
  • Debt to Equity was $0.32 for Q2 2026 at Perma-Pipe International Holdings, up from $0.26 in the prior quarter.
  • Over the last five years, Debt to Equity for PPIH reached as high as $0.35 in Q4 2025 and fell as low as $0.07 in Q1 2024.
  • A 5-year average of $0.19 and a median of $0.19 in 2023 frame the typical range for Debt to Equity.
  • The widest annual swing landed in 2024, when Debt to Equity slumped 56.62%; it then surged 218.81% in 2026.
  • Tracing PPIH's Debt to Equity over 5 years: stood at $0.21 in 2022, then retreated by 5.58% to $0.2 in 2023, then slipped by 11.16% to $0.18 in 2024, then jumped by 97.02% to $0.35 in 2025, then slipped by 7.57% to $0.32 in 2026.
  • According to Business Quant data, Debt to Equity over the past three periods registered $0.32, $0.26, and $0.35 for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Trane Technologies 107.22 Bn 106.17 Bn 1.73 Bn 0.54
2 Johnson Controls International 89.13 Bn 88.60 Bn 2.07 Bn 0.70
3 Carrier Global 60.07 Bn 59.04 Bn 4.82 Bn 0.88
4 Lennox International 18.56 Bn 18.51 Bn 351.30 Mn 0.96
5 Masco 15.26 Bn 15.14 Bn 686.00 Mn -12.17
6 Carlisle Companies 14.75 Bn 13.98 Bn 363.20 Mn 1.74
7 SPX Technologies 12.03 Bn 11.87 Bn 230.60 Mn 0.28
8 Advanced Drainage Systems 11.45 Bn 11.30 Bn 237.66 Mn 0.87
9 Aaon 11.16 Bn 11.16 Bn 109.77 Mn 0.45
10 Perma-Pipe International Holdings 234.43 Mn 219.08 Mn 14.64 Mn 0.32

Historic Data

Download Data
DateValue
Apr 30, 2026 0.32
Jan 31, 2026 0.26
Oct 31, 2025 0.35
Jul 31, 2025 0.13
Apr 30, 2025 0.10
Jan 31, 2025 0.18
Oct 31, 2024 0.18
Jul 31, 2024 0.21
Apr 30, 2024 0.16
Jan 31, 2024 0.07
Oct 31, 2023 0.20
Jul 31, 2023 0.22
Apr 30, 2023 0.24
Jan 31, 2023 0.15
Oct 31, 2022 0.21
Jul 31, 2022 0.25
Apr 30, 2022 0.19
Jan 31, 2022 0.10
Oct 31, 2021 0.19
Jul 31, 2021 0.17