Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Kaiser ReefASX:KAU -2.63%26 Debt-to-Equity is 0.18 as of Dec. 2025, which is 500% above its 10-year median of 0.03. GuruFocus rates ASX:KAU with a GF Score™ of 26/100 and a GF Value™ of A$0.30 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,217 Metals & Mining companies, Kaiser Reef ranks worse than 53.57% 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 Kaiser Reef's Debt-to-Equity or its related term are showing as below:
ASX:KAU'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.18
Current: 0.18
During the past 4 years, the highest Debt-to-Equity Ratio of Kaiser Reef was 0.18. The lowest was 0.00. And the median was 0.03.
ASX:KAU's Debt-to-Equity is ranked worse than 53.57% of 1217
companies
in the Metals & Mining industry
Industry Median: 0.15
vs ASX:KAU: 0.18
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.
Kaiser Reef Debt-to-Equity Related Terms
Kaiser Reef Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Kaiser Reef'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, Kaiser Reef'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.
Kaiser Reef Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kaiser Reef's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Kaiser Reef'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.
Kaiser Reef (ASX:KAU) has a Debt-to-Equity of 0.18 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Kaiser Reef and its competitors. This is 500% above median its historical median of 0.03. According to the industry distribution chart, Kaiser Reef ranks #652 out of 1217 companies in the Metals & Mining industry, placing it in the top 53.6%.
Is Kaiser Reef's Debt-to-Equity too high?
Kaiser Reef's current Debt-to-Equity of 0.18 is 500% above median its 10-year median of 0.03. The Metals & Mining industry median Debt-to-Equity is 0.15. Kaiser Reef's value of 0.18 is 20% above this industry median. Based on the distribution chart, Kaiser Reef ranks #652 out of 1217 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Kaiser Reef has a GF Score™ of 26/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kaiser Reef's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kaiser Reef ranks #652 out of 1217 companies for Debt-to-Equity. This places Kaiser Reef in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Kaiser Reef's value of 0.18 is 20% above this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.15, Kaiser Reef 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 1,217 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. Kaiser Reef's current Debt-to-Equity of 0.18 is 20% 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 Kaiser Reef 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. Kaiser Reef's current Debt-to-Equity is 0.18, which is 500% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaiser Reef stock overvalued right now?
Based on GuruFocus' analysis, Kaiser Reef (ASX:KAU) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.30, compared to a current price of A$0.19 — trading 38.3% below its estimated fair value. The current Debt-to-Equity is 0.18, which is 500% above median its 10-year median of 0.03 and 20% above the Metals & Mining industry median of 0.15. Kaiser Reef's overall GF Score™ is 26/100 with 2 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 Kaiser Reef (ASX:KAU), the current Debt-to-Equity is 0.18 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 Kaiser Reef (ASX:KAU) Overvalued in 2026?
Based on GuruFocus' analysis, Kaiser Reef stock appears to be undervalued.
The current stock price of A$0.19 is trading 38.3% below its estimated GF Value™ of A$0.30.
GuruFocus considers Kaiser Reef to be Possible Value Trap.
Key valuation signals for ASX:KAU:
Debt-to-Equity: 0.18 (500% above median its 10-year median of 0.03)
GF Value™: A$0.30 vs. price of A$0.19 (38.3% below fair value)
Industry Position: 20% above the Metals & Mining median (#652 of 1217)
No single metric tells the full story. See the ASX:KAU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaiser Reef Ltd is a gold producer and exploration company. The company's projects include A1 Gold Mine, Henty Gold Mine, Maldon Goldfields, and Maldon Plant. Its segments include Victoria operations and Tasmania operations. It generates the majority of its revenue from the Victoria operations segment.
26GF Score
Get the complete analysis for ASX:KAU
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:KAU has been successfully added to your 
