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Syrah ResourcesASX:SYR -4.35%30 Debt-to-Equity is 0.89 as of Dec. 2025, which is 345% above its 10-year median of 0.20. GuruFocus rates ASX:SYR with a GF Score™ of 30/100 and a GF Value™ of A$0.17 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,218 Metals & Mining companies, Syrah Resources ranks worse than 85.14% 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 Syrah Resources's Debt-to-Equity or its related term are showing as below:
ASX:SYR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.2 Max: 0.89
Current: 0.89
During the past 13 years, the highest Debt-to-Equity Ratio of Syrah Resources was 0.89. The lowest was 0.00. And the median was 0.20.
ASX:SYR's Debt-to-Equity is ranked worse than 85.14% of 1218
companies
in the Metals & Mining industry
Industry Median: 0.15
vs ASX:SYR: 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.
Syrah Resources Debt-to-Equity Related Terms
Syrah Resources Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Syrah 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 Other Industrial Metals & Mining subindustry, Syrah 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.
Syrah Resources Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Syrah Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Syrah 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.
Syrah Resources (ASX:SYR) 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 Syrah Resources and its competitors. This is 345% above median its historical median of 0.20. According to the industry distribution chart, Syrah Resources ranks #1037 out of 1218 companies in the Metals & Mining industry, placing it in the top 85.1%.
Is Syrah Resources' Debt-to-Equity too high?
Syrah Resources' current Debt-to-Equity of 0.89 is 345% above median its 10-year median of 0.20. The Metals & Mining industry median Debt-to-Equity is 0.15. Syrah Resources' value of 0.89 is 493.3% above this industry median. Based on the distribution chart, Syrah Resources ranks #1037 out of 1218 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Syrah Resources has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Syrah Resources' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Syrah Resources ranks #1037 out of 1218 companies for Debt-to-Equity. This places Syrah Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Syrah Resources' value of 0.89 is 493.3% above this benchmark. While the company's 10-year median is 0.20 vs. the industry median of 0.15, Syrah 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 1,218 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. Syrah 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 Syrah 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. Syrah Resources's current Debt-to-Equity is 0.89, which is 345% above median its own 10-year median of 0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syrah Resources stock overvalued right now?
Based on GuruFocus' analysis, Syrah Resources (ASX:SYR) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.17, compared to a current price of A$0.11 — trading 35.3% below its estimated fair value. The current Debt-to-Equity is 0.89, which is 345% above median its 10-year median of 0.20 and 493.3% above the Metals & Mining industry median of 0.15. Syrah Resources' overall GF Score™ is 30/100 with 8 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 Syrah Resources (ASX:SYR), 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.
Is Syrah Resources (ASX:SYR) Overvalued in 2026?
Based on GuruFocus' analysis, Syrah Resources stock appears to be undervalued.
The current stock price of A$0.11 is trading 35.3% below its estimated GF Value™ of A$0.17.
GuruFocus considers Syrah Resources to be Possible Value Trap.
Key valuation signals for ASX:SYR:
Debt-to-Equity: 0.89 (345% above median its 10-year median of 0.20)
GF Value™: A$0.17 vs. price of A$0.11 (35.3% below fair value)
Industry Position: 493.3% above the Metals & Mining median (#1037 of 1218)
No single metric tells the full story. See the ASX:SYR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Syrah Resources Ltd is a vertically integrated graphite and battery anode material producer. It supplies products for battery and industrial applications. The company operates in three segments: i) Balama: Production, distribution and sale of natural graphite from the Balama Graphite Operation in Mozambique, ii) Vidalia: Production, qualification and sale of AAM from the Vidalia AAM facility, and Corporate: Corporate administration, treasury and investing activities. The majority of revenue is derived from the Balama segment. Geographically, the maximum revenue is derived from Asia (excluding China and India), and the rest from China, Europe, India, the Americas, and Other locations.
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