Matsa ResourcesASX:MAT +6.25% Debt-to-Equity is 0.89 as of Dec. 2025, which is 230% above its 10-year median of 0.27. The stock has 3 warning signs investors should review. Among 1,220 Metals & Mining companies, Matsa Resources ranks worse than 85.41% 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 Matsa Resources's Debt-to-Equity or its related term are showing as below:
ASX:MAT'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.27 Max: 0.89
Current: 0.89
During the past 13 years, the highest Debt-to-Equity Ratio of Matsa Resources was 0.89. The lowest was 0.00. And the median was 0.27.
ASX:MAT's Debt-to-Equity is ranked worse than 85.41% of 1220
companies
in the Metals & Mining industry
Industry Median: 0.15
vs ASX:MAT: 0.89
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.
Matsa Resources Debt-to-Equity Related Terms
Matsa Resources Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Matsa Resources'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, Matsa Resources'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.
Matsa Resources Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Matsa Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Matsa Resources'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.
Matsa Resources (ASX:MAT) has a Debt-to-Equity of 0.89 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Matsa Resources and its competitors. This is 230% above median its historical median of 0.27. According to the industry distribution chart, Matsa Resources ranks #1042 out of 1220 companies in the Metals & Mining industry, placing it in the top 85.4%.
Is Matsa Resources' Debt-to-Equity too high?
Matsa Resources' current Debt-to-Equity of 0.89 is 230% above median its 10-year median of 0.27. The Metals & Mining industry median Debt-to-Equity is 0.15. Matsa Resources' value of 0.89 is 493.3% above this industry median. Based on the distribution chart, Matsa Resources ranks #1042 out of 1220 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Matsa Resources' Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Matsa Resources ranks #1042 out of 1220 companies for Debt-to-Equity. This places Matsa Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Matsa Resources' value of 0.89 is 493.3% above this benchmark. While the company's 10-year median is 0.27 vs. the industry median of 0.15, Matsa Resources 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 1,220 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. Matsa Resources's current Debt-to-Equity of 0.89 is 493.3% 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 Matsa Resources 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. Matsa Resources's current Debt-to-Equity is 0.89, which is 230% above median its own 10-year median of 0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matsa Resources stock overvalued right now?
Matsa Resources (ASX:MAT) has a current Debt-to-Equity of 0.89. The current Debt-to-Equity is 0.89, which is 230% above median its 10-year median of 0.27 and 493.3% 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 Matsa Resources (ASX:MAT), the current Debt-to-Equity is 0.89 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.
Matsa Resources Ltd engages in the operation of mineral exploration. It focuses on gold in Western Australia and lithium and base metals assets located in Thailand. The Company's main asset is the Lake Carey Gold Project which includes the near-term development Devon gold project and the Red October and Fortitude North exploration projects. It operates through the Australia and Thailand geographical segments, out of which it derives maximum revenue from Australia.
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