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Focus MineralsASX:FML +0.62%58 Debt-to-Equity is 0.01 as of Dec. 2025, which is 96% below its 10-year median of 0.25. GuruFocus rates ASX:FML with a GF Score™ of 58/100 and a GF Value™ of A$1.82 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,222 Metals & Mining companies, Focus Minerals ranks better than 99.92% 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 Focus Minerals's Debt-to-Equity or its related term are showing as below:
ASX:FML'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.25 Max: 1.68
Current: 0.01
During the past 13 years, the highest Debt-to-Equity Ratio of Focus Minerals was 1.68. The lowest was 0.00. And the median was 0.25.
ASX:FML's Debt-to-Equity is ranked better than 99.92% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.15
vs ASX:FML: 0.01
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.
Focus Minerals Debt-to-Equity Related Terms
Focus Minerals Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Focus Minerals'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, Focus Minerals'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.
Focus Minerals Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Focus Minerals's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Focus Minerals'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.
Focus Minerals (ASX:FML) has a Debt-to-Equity of 0.01 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Focus Minerals and its competitors. This is 96% below median its historical median of 0.25. According to the industry distribution chart, Focus Minerals ranks #1 out of 1222 companies in the Metals & Mining industry, placing it in the top 0.099999999999994%.
Is Focus Minerals' Debt-to-Equity too high?
Focus Minerals' current Debt-to-Equity of 0.01 is 96% below median its 10-year median of 0.25. The Metals & Mining industry median Debt-to-Equity is 0.15. Focus Minerals' value of 0.01 is 93.3% below this industry median. Based on the distribution chart, Focus Minerals ranks #1 out of 1222 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Minerals has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #1 out of 1222 companies for Debt-to-Equity. This places Focus Minerals in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.15. Focus Minerals' value of 0.01 is 93.3% below this benchmark. While the company's 10-year median is 0.25 vs. the industry median of 0.15, Focus Minerals has consistently been below 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 1,222 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. Focus Minerals's current Debt-to-Equity of 0.01 is 93.3% below 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 Focus Minerals 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. Focus Minerals's current Debt-to-Equity is 0.01, which is 96% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Based on GuruFocus' analysis, Focus Minerals (ASX:FML) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.82, compared to a current price of A$1.62 — trading 11% below its estimated fair value. The current Debt-to-Equity is 0.01, which is 96% below median its 10-year median of 0.25 and 93.3% below the Metals & Mining industry median of 0.15. Focus Minerals' overall GF Score™ is 58/100 with 1 warning sign 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 Focus Minerals (ASX:FML), the current Debt-to-Equity is 0.01 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.
Is Focus Minerals (ASX:FML) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Minerals stock appears to be undervalued.
The current stock price of A$1.62 is trading 11% below its estimated GF Value™ of A$1.82.
GuruFocus considers Focus Minerals to be Modestly Undervalued.
Key valuation signals for ASX:FML:
Debt-to-Equity: 0.01 (96% below median its 10-year median of 0.25)
GF Value™: A$1.82 vs. price of A$1.62 (11% below fair value)
Industry Position: 93.3% below the Metals & Mining median (#1 of 1222)
No single metric tells the full story. See the ASX:FML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
58GF Score
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