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Nova MineralsASX:NVA -2.61%27 Debt-to-Equity is 0.04 as of Dec. 2025, which is 43% below its 10-year median of 0.07. GuruFocus rates ASX:NVA with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 1,229 Metals & Mining companies, Nova Minerals ranks better than 72.09% 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 Nova Minerals's Debt-to-Equity or its related term are showing as below:
ASX:NVA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.13
Current: 0.04
During the past 13 years, the highest Debt-to-Equity Ratio of Nova Minerals was 0.13. The lowest was 0.02. And the median was 0.07.
ASX:NVA's Debt-to-Equity is ranked better than 72.09% of 1229
companies
in the Metals & Mining industry
Industry Median: 0.14
vs ASX:NVA: 0.04
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.
Nova Minerals Debt-to-Equity Related Terms
Nova Minerals Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nova 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.
ASX:NVA vs SBMT, REA, COBA: Debt-to-Equity Comparison
For the Other Industrial Metals & Mining subindustry, Nova 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.
Nova Minerals Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nova Minerals's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nova 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.
Nova Minerals (ASX:NVA) has a Debt-to-Equity of 0.04 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nova Minerals and its competitors. This is 43% below median its historical median of 0.07. Over the past decade, Nova Minerals' Debt-to-Equity has ranged from 0.02 to 0.13. According to the industry distribution chart, Nova Minerals ranks #343 out of 1229 companies in the Metals & Mining industry, placing it in the top 27.9%.
Is Nova Minerals' Debt-to-Equity too high?
Nova Minerals' current Debt-to-Equity of 0.04 is 43% below median its 10-year median of 0.07. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.13. The Metals & Mining industry median Debt-to-Equity is 0.14. Nova Minerals' value of 0.04 is 71.4% below this industry median. Based on the distribution chart, Nova Minerals ranks #343 out of 1229 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nova Minerals has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Nova Minerals' Debt-to-Equity compare to SBMT and REA?
According to the Metals & Mining industry distribution chart, Nova Minerals ranks #343 out of 1229 companies for Debt-to-Equity. This puts Nova Minerals in the upper half of its industry. The industry median Debt-to-Equity is 0.14. Nova Minerals' value of 0.04 is 71.4% below this benchmark. Historically, Nova Minerals' own Debt-to-Equity has ranged from 0.02 to 0.13 over the past decade. While the company's 10-year median is 0.07 vs. the industry median of 0.14, Nova 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 0.14, based on 1,229 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. Nova Minerals's current Debt-to-Equity of 0.04 is 71.4% 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 Nova Minerals and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova Minerals's current Debt-to-Equity is 0.04, which is 43% below median its own 10-year median of 0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova Minerals stock overvalued right now?
Nova Minerals (ASX:NVA) has a current Debt-to-Equity of 0.04. The current Debt-to-Equity is 0.04, which is 43% below median its 10-year median of 0.07 and 71.4% below the Metals & Mining industry median of 0.14. Nova Minerals' overall GF Score™ is 27/100 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 Nova Minerals (ASX:NVA), the current Debt-to-Equity is 0.04 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.
Nova Minerals Corp is an exploration and development company focused on gold, antimony, and critical minerals. The company is focused on the exploration and development of the Estelle Gold and Critical Minerals Project, located in Alaska.
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