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Enova MiningASX:ENV Debt-to-Equity is 0.00 as of Dec. 2025. The stock has 1 warning sign investors should review. Among 1,220 Metals & Mining companies, Enova Mining ranks worse than 81967.13% 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 Enova Mining's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Enova Mining was 2.48. The lowest was 0.02. And the median was 0.35.
ASX:ENV's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.15 * Ranked among companies with meaningful Debt-to-Equity only.
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.
Enova Mining Debt-to-Equity Related Terms
Enova Mining Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Enova Mining'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 Other Industrial Metals & Mining subindustry, Enova Mining'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.
Enova Mining Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Enova Mining's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Enova Mining'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.
Enova Mining (ASX:ENV) has a Debt-to-Equity of 0.00 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Enova Mining and its competitors. Over the past decade, Enova Mining's Debt-to-Equity has ranged from 0.02 to 2.48. According to the industry distribution chart, Enova Mining ranks #999999 out of 1220 companies in the Metals & Mining industry.
Is Enova Mining's Debt-to-Equity too high?
Enova Mining's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 2.48. Based on the distribution chart, Enova Mining ranks #999999 out of 1220 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Enova Mining's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Enova Mining ranks #999999 out of 1220 companies for Debt-to-Equity. This places Enova Mining in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Historically, Enova Mining's own Debt-to-Equity has ranged from 0.02 to 2.48 over the past decade. 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 1,220 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 Enova Mining 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. Enova Mining's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enova Mining stock overvalued right now?
Enova Mining (ASX:ENV) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. 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 Enova Mining (ASX:ENV), the current Debt-to-Equity is 0.00 as of Dec. 2025. 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.
Enova Mining Ltd is an Australian company exploring rare earth elements (REE) in the Northern Territory. It is focused on the Charley Creek project, which is located around 110 km northwest of Alice Springs, off the Tanami road. In addition, the company has expanded its operations into Brazil, with substantial tenement holdings at East Salinas and CODA near Patos de Minas, Pocos de Caldas Alkaline Rare Earth Complex, Lithium Valley in the state of Minas Gerais, and the Juquia alkaline-carbonatite complex in Sao Paulo. It operates in one segment, being the exploration of rare earth minerals, and two geographical areas, being Australia and Brazil. The company generates maximum revenue from Australia.
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