Nex Metals Exploration (ASX:NME) Debt-to-Equity: -0.25 (As of Dec. 2025)

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What is Nex Metals Exploration Debt-to-Equity?

Nex Metals Exploration ASX:NME Debt-to-Equity is -0.25 as of Dec. 2025. The stock has 4 warning signs investors should review. Among 1,220 Metals & Mining companies, Nex Metals Exploration ranks worse than 81967.13% on this metric.

Nex Metals Exploration's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$0.24 Mil. Nex Metals Exploration's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was A$0.18 Mil. Nex Metals Exploration's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$-1.71 Mil. Nex Metals Exploration's debt to equity for the quarter that ended in Dec. 2025 was -0.25.

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 Nex Metals Exploration's Debt-to-Equity or its related term are showing as below:

ASX:NME' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.66   Med: -0.35   Max: -0.1
Current: -0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Nex Metals Exploration was -0.10. The lowest was -0.66. And the median was -0.35.

ASX:NME's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.15 vs ASX:NME: -0.25

Nex Metals Exploration  (ASX:NME) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

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.

Nex Metals Exploration Debt-to-Equity Related Terms

Nex Metals Exploration Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Nex Metals Exploration'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.

Nex Metals Exploration Debt-to-Equity Chart

Nex Metals Exploration Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.19 -0.23 -0.66 -0.39 -0.10

Nex Metals Exploration Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.42 -0.39 -0.15 -0.10 -0.25

ASX:NME vs NEM, AU: Debt-to-Equity Comparison

For the Gold subindustry, Nex Metals Exploration'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.

Nex Metals Exploration Debt-to-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Nex Metals Exploration's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nex Metals Exploration's Debt-to-Equity falls into.


Nex Metals Exploration Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nex Metals Exploration's Debt to Equity Ratio for the fiscal year that ended in Jun. 2025 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0.138 + 0) / -1.427
=-0.10

Nex Metals Exploration's Debt to Equity Ratio for the quarter that ended in Dec. 2025 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0.236 + 0.184) / -1.711
=-0.25

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.25 mean?
Nex Metals Exploration (ASX:NME) has a Debt-to-Equity of -0.25 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nex Metals Exploration and its competitors. According to the industry distribution chart, Nex Metals Exploration ranks #999999 out of 1220 companies in the Metals & Mining industry.
Is Nex Metals Exploration's Debt-to-Equity too high?
Nex Metals Exploration's current Debt-to-Equity is -0.25. Based on the distribution chart, Nex Metals Exploration ranks #999999 out of 1220 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Nex Metals Exploration's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Nex Metals Exploration ranks #999999 out of 1220 companies for Debt-to-Equity. This places Nex Metals Exploration in the lower half of its industry. The industry median Debt-to-Equity is 0.15. 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 Nex Metals Exploration 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. Nex Metals Exploration's current Debt-to-Equity is -0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nex Metals Exploration stock overvalued right now?
Nex Metals Exploration (ASX:NME) has a current Debt-to-Equity of -0.25. The current Debt-to-Equity is -0.25. 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 Nex Metals Exploration (ASX:NME), the current Debt-to-Equity is -0.25 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.

Nex Metals Exploration Business Description

Address 45 Guthrie Street, Osborne Park, Perth, WA, AUS, 6017
Nex Metals Exploration Ltd engages in the exploration and mining of mineral properties in Western Australia. It explores for gold, copper, and nickel. The company holds an interest in the Kookynie Gold Project, Yundamindra Gold Project, and Kookynie Tailings Research Project. The company generates majority of the revenue from Australia.