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Image Resources NLASX:IMA Debt-to-Equity is 1.37 as of Dec. 2025, which is 552% above its 10-year median of 0.21. The stock has 5 warning signs investors should review. Among 1,222 Metals & Mining companies, Image Resources NL ranks worse than 91.82% 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 Image Resources NL's Debt-to-Equity or its related term are showing as below:
ASX:IMA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.21 Max: 1.37
Current: 1.37
During the past 13 years, the highest Debt-to-Equity Ratio of Image Resources NL was 1.37. The lowest was 0.00. And the median was 0.21.
ASX:IMA's Debt-to-Equity is ranked worse than 91.82% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.145
vs ASX:IMA: 1.37
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.
Image Resources NL Debt-to-Equity Related Terms
Image Resources NL Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Image Resources NL'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, Image Resources NL'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.
Image Resources NL Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Image Resources NL's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Image Resources NL'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.
Image Resources NL (ASX:IMA) has a Debt-to-Equity of 1.37 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Image Resources NL and its competitors. This is 552% above median its historical median of 0.21. According to the industry distribution chart, Image Resources NL ranks #1122 out of 1222 companies in the Metals & Mining industry, placing it in the top 91.8%.
Is Image Resources NL's Debt-to-Equity too high?
Image Resources NL's current Debt-to-Equity of 1.37 is 552% above median its 10-year median of 0.21. The Metals & Mining industry median Debt-to-Equity is 0.15. Image Resources NL's value of 1.37 is 844.8% above this industry median. Based on the distribution chart, Image Resources NL ranks #1122 out of 1222 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Image Resources NL's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Image Resources NL ranks #1122 out of 1222 companies for Debt-to-Equity. This places Image Resources NL in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Image Resources NL's value of 1.37 is 844.8% above this benchmark. While the company's 10-year median is 0.21 vs. the industry median of 0.15, Image Resources NL 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 1,222 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. Image Resources NL's current Debt-to-Equity of 1.37 is 844.8% 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 Image Resources NL 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. Image Resources NL's current Debt-to-Equity is 1.37, which is 552% above median its own 10-year median of 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Image Resources NL stock overvalued right now?
Image Resources NL (ASX:IMA) has a current Debt-to-Equity of 1.37. The current Debt-to-Equity is 1.37, which is 552% above median its 10-year median of 0.21 and 844.8% above the Metals & Mining industry median of 0.15. 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 Image Resources NL (ASX:IMA), the current Debt-to-Equity is 1.37 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.
Image Resources NL is a mineral sands-focused mining company, currently transitioning from open-cut mining and ore processing operations at its high-grade, zircon-rich Boonanarring project, to the Atlas project, and also holds ownership stakes in the Yandanooka, Bidaminna, and McCalls projects in North Perth Basin. In addition, the company holds two exploration licenses and two prospecting licenses, located southeast of Kalgoorlie, which make up the Erayinia/King Gold Project.
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