Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Black Cat SyndicateBLCAF 12 Debt-to-Equity is 0.07 as of Dec. 2025, which is 17% above its 10-year median of 0.06. GuruFocus rates BLCAF with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 1,222 Metals & Mining companies, Black Cat Syndicate ranks better than 63.42% 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 Black Cat Syndicate's Debt-to-Equity or its related term are showing as below:
BLCAF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.18
Current: 0.07
During the past 8 years, the highest Debt-to-Equity Ratio of Black Cat Syndicate was 0.18. The lowest was 0.00. And the median was 0.06.
BLCAF's Debt-to-Equity is ranked better than 63.42% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.15
vs BLCAF: 0.07
Black Cat Syndicate (OTCPK:BLCAF) Debt-to-Equity Explanation
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.
Black Cat Syndicate Debt-to-Equity Related Terms
Black Cat Syndicate Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Black Cat Syndicate'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, Black Cat Syndicate'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.
Black Cat Syndicate Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Black Cat Syndicate's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Black Cat Syndicate'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.
Black Cat Syndicate (BLCAF) has a Debt-to-Equity of 0.07 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Black Cat Syndicate and its competitors. This is 17% above median its historical median of 0.06. According to the industry distribution chart, Black Cat Syndicate ranks #447 out of 1222 companies in the Metals & Mining industry, placing it in the top 36.6%.
Is Black Cat Syndicate's Debt-to-Equity too high?
Black Cat Syndicate's current Debt-to-Equity of 0.07 is 17% above median its 10-year median of 0.06. The Metals & Mining industry median Debt-to-Equity is 0.15. Black Cat Syndicate's value of 0.07 is 53.3% below this industry median. Based on the distribution chart, Black Cat Syndicate ranks #447 out of 1222 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Black Cat Syndicate has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Black Cat Syndicate's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Black Cat Syndicate ranks #447 out of 1222 companies for Debt-to-Equity. This puts Black Cat Syndicate in the upper half of its industry. The industry median Debt-to-Equity is 0.15. Black Cat Syndicate's value of 0.07 is 53.3% below this benchmark. While the company's 10-year median is 0.06 vs. the industry median of 0.15, Black Cat Syndicate 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 0.15, based on 1,222 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. Black Cat Syndicate's current Debt-to-Equity of 0.07 is 53.3% 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 Black Cat Syndicate 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. Black Cat Syndicate's current Debt-to-Equity is 0.07, which is 17% above median its own 10-year median of 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Cat Syndicate stock overvalued right now?
Black Cat Syndicate (BLCAF) has a current Debt-to-Equity of 0.07. The current Debt-to-Equity is 0.07, which is 17% above median its 10-year median of 0.06 and 53.3% below the Metals & Mining industry median of 0.15. Black Cat Syndicate's overall GF Score™ is 12/100 with 5 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 Black Cat Syndicate (BLCAF), the current Debt-to-Equity is 0.07 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.
Black Cat Syndicate Ltd is a mining company. It focuses on the exploration and development of the goldfield project. The Group has identified four reportable segments of its business namely total operations: mining and processing of gold, Mine development, Exploration: exploration and evaluation of gold mineralisation and Other: corporate expenditures supporting the business. The company is engaged in the exploration and development of the Bulong Gold Field project located to the east of Kalgoorlie. The company's project includes Kal East Gold project, Coyote Gold Operation, Paulsens Gold Operation.
12GF Score
Get the complete analysis for BLCAF
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BLCAF has been successfully added to your 
