Amarc ResourcesAXREF -2.28%32 Debt-to-Equity is 35.71 as of Dec. 2025. GuruFocus rates AXREF with a GF Score™ of 32/100. The stock has 2 warning signs investors should review. Among 1,219 Metals & Mining companies, Amarc Resources ranks worse than 99.84% 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 Amarc Resources's Debt-to-Equity or its related term are showing as below:
AXREF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -93.25 Med: -0.83 Max: 35.66
Current: 35.66
During the past 13 years, the highest Debt-to-Equity Ratio of Amarc Resources was 35.66. The lowest was -93.25. And the median was -0.83.
AXREF's Debt-to-Equity is ranked worse than 99.84% of 1219
companies
in the Metals & Mining industry
Industry Median: 0.15
vs AXREF: 35.66
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.
Amarc Resources Debt-to-Equity Related Terms
Amarc Resources Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Amarc 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, Amarc 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.
Amarc Resources Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Amarc Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Amarc 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.
Amarc Resources (AXREF) has a Debt-to-Equity of 35.71 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Amarc Resources and its competitors. According to the industry distribution chart, Amarc Resources ranks #1217 out of 1219 companies in the Metals & Mining industry, placing it in the top 99.8%.
Is Amarc Resources' Debt-to-Equity too high?
Amarc Resources' current Debt-to-Equity is 35.71. The Metals & Mining industry median Debt-to-Equity is 0.15. Amarc Resources' value of 35.71 is 23706.7% above this industry median. Based on the distribution chart, Amarc Resources ranks #1217 out of 1219 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Amarc Resources has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Amarc Resources' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Amarc Resources ranks #1217 out of 1219 companies for Debt-to-Equity. This places Amarc Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Amarc Resources' value of 35.71 is 23706.7% above this benchmark. 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 1,219 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. Amarc Resources's current Debt-to-Equity of 35.71 is 23706.7% 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 Amarc 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. Amarc Resources's current Debt-to-Equity is 35.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amarc Resources stock overvalued right now?
Amarc Resources (AXREF) has a current Debt-to-Equity of 35.71. The current Debt-to-Equity is 35.71 and 23706.7% above the Metals & Mining industry median of 0.15. Amarc Resources' overall GF Score™ is 32/100 with 2 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 Amarc Resources (AXREF), the current Debt-to-Equity is 35.71 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.
Amarc Resources Ltd is a mineral exploration and development company. It is engaged in the acquisition, exploration, and development of mineral properties mainly in British Columbia, Canada, which is also their reportable segment. Its project holdings comprise the IKE Project located in south-central British Columbia, the JOY Project, located in north-central British Columbia, and DUKE Project located in Central British Columbia. It has a single reportable segment which is the acquisition, exploration and development of mineral properties.
32GF Score
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