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Tolu MineralsASX:TOK -8.14%17 Debt-to-Equity is 0.06 as of Dec. 2025, which is 60% below its 10-year median of 0.15. GuruFocus rates ASX:TOK with a GF Score™ of 17/100. The stock has 3 warning signs investors should review. Among 1,232 Metals & Mining companies, Tolu Minerals ranks better than 65.02% 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 Tolu Minerals's Debt-to-Equity or its related term are showing as below:
ASX:TOK'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.15 Max: 0.28
Current: 0.06
During the past 6 years, the highest Debt-to-Equity Ratio of Tolu Minerals was 0.28. The lowest was 0.06. And the median was 0.15.
ASX:TOK's Debt-to-Equity is ranked better than 65.02% of 1232
companies
in the Metals & Mining industry
Industry Median: 0.14
vs ASX:TOK: 0.06
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.
Tolu Minerals Debt-to-Equity Related Terms
Tolu Minerals Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Tolu 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.
For the Other Precious Metals & Mining subindustry, Tolu 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.
Tolu Minerals Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tolu Minerals's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Tolu 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.
Tolu Minerals (ASX:TOK) has a Debt-to-Equity of 0.06 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tolu Minerals and its competitors. This is 60% below median its historical median of 0.15. Over the past decade, Tolu Minerals' Debt-to-Equity has ranged from 0.06 to 0.28. According to the industry distribution chart, Tolu Minerals ranks #431 out of 1232 companies in the Metals & Mining industry, placing it in the top 35%.
Is Tolu Minerals' Debt-to-Equity too high?
Tolu Minerals' current Debt-to-Equity of 0.06 is 60% below median its 10-year median of 0.15. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.28. The Metals & Mining industry median Debt-to-Equity is 0.14. Tolu Minerals' value of 0.06 is 57.1% below this industry median. Based on the distribution chart, Tolu Minerals ranks #431 out of 1232 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Tolu Minerals has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Tolu Minerals' Debt-to-Equity compare to HL?
According to the Metals & Mining industry distribution chart, Tolu Minerals ranks #431 out of 1232 companies for Debt-to-Equity. This puts Tolu Minerals in the upper half of its industry. The industry median Debt-to-Equity is 0.14. Tolu Minerals' value of 0.06 is 57.1% below this benchmark. Historically, Tolu Minerals' own Debt-to-Equity has ranged from 0.06 to 0.28 over the past decade. While the company's 10-year median is 0.15 vs. the industry median of 0.14, Tolu 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 1,232 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. Tolu Minerals's current Debt-to-Equity of 0.06 is 57.1% 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 Tolu 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. Tolu Minerals's current Debt-to-Equity is 0.06, which is 60% below median its own 10-year median of 0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tolu Minerals stock overvalued right now?
Tolu Minerals (ASX:TOK) has a current Debt-to-Equity of 0.06. The current Debt-to-Equity is 0.06, which is 60% below median its 10-year median of 0.15 and 57.1% below the Metals & Mining industry median of 0.14. Tolu Minerals' overall GF Score™ is 17/100 with 3 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 Tolu Minerals (ASX:TOK), the current Debt-to-Equity is 0.06 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.
Tolu Minerals Ltd is engaged in mine acquisition and evaluation activities. Its project portfolio comprises the Tolukuma Gold Mine project, Tolukuma Regional Exploration, and the Mt. Penck gold/copper exploration license, and other mineral deposits in Papua New Guinea (PNG).
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