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Asante GoldASGOF -5.13%33 Debt-to-Equity is 2.28 as of Mar. 2026, which is 1241% above its 10-year median of 0.17. GuruFocus rates ASGOF with a GF Score™ of 33/100 and a GF Value™ of $1.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,219 Metals & Mining companies, Asante Gold ranks worse than 96.23% 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 Asante Gold's Debt-to-Equity or its related term are showing as below:
ASGOF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -47.62 Med: 0.17 Max: 5.72
Current: 2.28
During the past 13 years, the highest Debt-to-Equity Ratio of Asante Gold was 5.72. The lowest was -47.62. And the median was 0.17.
ASGOF's Debt-to-Equity is ranked worse than 96.23% of 1219
companies
in the Metals & Mining industry
Industry Median: 0.15
vs ASGOF: 2.28
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.
Asante Gold Debt-to-Equity Related Terms
Asante Gold Debt-to-Equity Historical Data
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The historical data trend for Asante Gold'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.
For the Gold subindustry, Asante Gold'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.
Asante Gold Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asante Gold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Asante Gold'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.
Asante Gold (ASGOF) has a Debt-to-Equity of 2.28 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Asante Gold and its competitors. This is 1241% above median its historical median of 0.17. According to the industry distribution chart, Asante Gold ranks #1173 out of 1219 companies in the Metals & Mining industry, placing it in the top 96.2%.
Is Asante Gold's Debt-to-Equity too high?
Asante Gold's current Debt-to-Equity of 2.28 is 1241% above median its 10-year median of 0.17. The Metals & Mining industry median Debt-to-Equity is 0.15. Asante Gold's value of 2.28 is 1420% above this industry median. Based on the distribution chart, Asante Gold ranks #1173 out of 1219 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Asante Gold has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asante Gold's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Asante Gold ranks #1173 out of 1219 companies for Debt-to-Equity. This places Asante Gold in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Asante Gold's value of 2.28 is 1420% above this benchmark. While the company's 10-year median is 0.17 vs. the industry median of 0.15, Asante Gold has consistently been above 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 Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.15, based on 1,219 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. Asante Gold's current Debt-to-Equity of 2.28 is 1420% above 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 Asante Gold and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asante Gold's current Debt-to-Equity is 2.28, which is 1241% above median its own 10-year median of 0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asante Gold stock overvalued right now?
Based on GuruFocus' analysis, Asante Gold (ASGOF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.02, compared to a current price of $0.48 — trading 52.6% below its estimated fair value. The current Debt-to-Equity is 2.28, which is 1241% above median its 10-year median of 0.17 and 1420% above the Metals & Mining industry median of 0.15. Asante Gold's overall GF Score™ is 33/100 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 Asante Gold (ASGOF), the current Debt-to-Equity is 2.28 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.
Is Asante Gold (ASGOF) Overvalued in 2026?
Based on GuruFocus' analysis, Asante Gold stock appears to be undervalued.
The current stock price of $0.48 is trading 52.6% below its estimated GF Value™ of $1.02.
GuruFocus considers Asante Gold to be Possible Value Trap.
Key valuation signals for ASGOF:
Debt-to-Equity: 2.28 (1241% above median its 10-year median of 0.17)
GF Value™: $1.02 vs. price of $0.48 (52.6% below fair value)
Industry Position: 1420% above the Metals & Mining median (#1173 of 1219)
No single metric tells the full story. See the ASGOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asante Gold Corp business activity is the operation of its two gold mines, the Bibiani Gold Mine and the Chirano Gold Mine, in the Republic of Ghana through a holding of interest in its subsidiaries. The Company is conducting exploration activities on properties assessed to be of merit for locating additional mineral resources, and has acquired or has options to acquire mining concession rights to additional properties in Ghana, where it is actively engaged in exploration and evaluation activities. The Company reports the results of two operating segments, the Bibiani Gold Mine and the Chirano Gold Mine, which generate maximum revenue.
33GF Score
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