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Western Mines GroupASX:WMG 24 Debt-to-Equity is 0.01 as of Dec. 2025, which is at its 10-year median of 0.01. GuruFocus rates ASX:WMG with a GF Score™ of 24/100. Among 1,229 Metals & Mining companies, Western Mines Group ranks better than 99.92% 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 Western Mines Group's Debt-to-Equity or its related term are showing as below:
ASX:WMG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.01
Current: 0.01
During the past 5 years, the highest Debt-to-Equity Ratio of Western Mines Group was 0.01. The lowest was 0.01. And the median was 0.01.
ASX:WMG's Debt-to-Equity is ranked better than 99.92% of 1229
companies
in the Metals & Mining industry
Industry Median: 0.14
vs ASX:WMG: 0.01
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.
Western Mines Group Debt-to-Equity Related Terms
Western Mines Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Western Mines Group'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, Western Mines Group'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.
Western Mines Group Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Western Mines Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Western Mines Group'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.
Western Mines Group (ASX:WMG) has a Debt-to-Equity of 0.01 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Western Mines Group and its competitors. This is near median its historical median of 0.01. Over the past decade, Western Mines Group's Debt-to-Equity has ranged from 0.01 to 0.01. According to the industry distribution chart, Western Mines Group ranks #1 out of 1229 companies in the Metals & Mining industry, placing it in the top 0.099999999999994%.
Is Western Mines Group's Debt-to-Equity too high?
Western Mines Group's current Debt-to-Equity of 0.01 is near median its 10-year median of 0.01. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.01. The Metals & Mining industry median Debt-to-Equity is 0.14. Western Mines Group's value of 0.01 is 92.9% below this industry median. Based on the distribution chart, Western Mines Group ranks #1 out of 1229 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Western Mines Group has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Western Mines Group's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Western Mines Group ranks #1 out of 1229 companies for Debt-to-Equity. This places Western Mines Group in the top 0% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.14. Western Mines Group's value of 0.01 is 92.9% below this benchmark. Historically, Western Mines Group's own Debt-to-Equity has ranged from 0.01 to 0.01 over the past decade. While the company's 10-year median is 0.01 vs. the industry median of 0.14, Western Mines Group 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. Western Mines Group's current Debt-to-Equity of 0.01 is 92.9% 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 Western Mines Group 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. Western Mines Group's current Debt-to-Equity is 0.01, which is near median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Mines Group stock overvalued right now?
Western Mines Group (ASX:WMG) has a current Debt-to-Equity of 0.01. The current Debt-to-Equity is 0.01, which is near median its 10-year median of 0.01 and 92.9% below the Metals & Mining industry median of 0.14. Western Mines Group's overall GF Score™ is 24/100. 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 Western Mines Group (ASX:WMG), the current Debt-to-Equity is 0.01 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.
Western Mines Group Ltd is a mineral exploration company based in Western Australia. It focuses on exploring for gold and nickel sulphide deposits across various prospective projects located in several mineral belts of the region. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project. The company's primary project centers on an ultramafic complex known for nickel, cobalt, copper, and platinum group elements. Western Mines Group aims to discover and develop mineral resources to create long-term value through its portfolio of exploration initiatives. The company operates within Australia's mining sector.
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