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.
First Atlantic NickelbaltFANCF -1.68%34 Debt-to-Equity is 0.21 as of Apr. 2026, which is 2000% above its 10-year median of 0.01. GuruFocus rates FANCF with a GF Score™ of 34/100. Among 1,217 Metals & Mining companies, First Atlantic Nickelbalt ranks worse than 56.86% 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 First Atlantic Nickelbalt's Debt-to-Equity or its related term are showing as below:
FANCF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.26 Med: 0.01 Max: 0.43
Current: 0.21
During the past 13 years, the highest Debt-to-Equity Ratio of First Atlantic Nickelbalt was 0.43. The lowest was -1.26. And the median was 0.01.
FANCF's Debt-to-Equity is ranked worse than 56.86% of 1217
companies
in the Metals & Mining industry
Industry Median: 0.15
vs FANCF: 0.21
First Atlantic Nickelbalt (OTCPK:FANCF) 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.
First Atlantic Nickelbalt Debt-to-Equity Related Terms
First Atlantic Nickelbalt Debt-to-Equity Historical Data
* 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.
First Atlantic Nickelbalt Debt-to-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, First Atlantic Nickelbalt'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.
First Atlantic Nickelbalt Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Atlantic Nickelbalt's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Atlantic Nickelbalt'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.
First Atlantic Nickelbalt (FANCF) has a Debt-to-Equity of 0.21 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Atlantic Nickelbalt and its competitors. This is 2000% above median its historical median of 0.01. According to the industry distribution chart, First Atlantic Nickelbalt ranks #692 out of 1217 companies in the Metals & Mining industry, placing it in the top 56.9%.
Is First Atlantic Nickelbalt's Debt-to-Equity too high?
First Atlantic Nickelbalt's current Debt-to-Equity of 0.21 is 2000% above median its 10-year median of 0.01. The Metals & Mining industry median Debt-to-Equity is 0.15. First Atlantic Nickelbalt's value of 0.21 is 40% above this industry median. Based on the distribution chart, First Atlantic Nickelbalt ranks #692 out of 1217 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, First Atlantic Nickelbalt has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does First Atlantic Nickelbalt's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, First Atlantic Nickelbalt ranks #692 out of 1217 companies for Debt-to-Equity. This places First Atlantic Nickelbalt in the lower half of its industry. The industry median Debt-to-Equity is 0.15. First Atlantic Nickelbalt's value of 0.21 is 40% above this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 0.15, First Atlantic Nickelbalt 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 1,217 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. First Atlantic Nickelbalt's current Debt-to-Equity of 0.21 is 40% 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 First Atlantic Nickelbalt 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. First Atlantic Nickelbalt's current Debt-to-Equity is 0.21, which is 2000% above 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 First Atlantic Nickelbalt stock overvalued right now?
First Atlantic Nickelbalt (FANCF) has a current Debt-to-Equity of 0.21. The current Debt-to-Equity is 0.21, which is 2000% above median its 10-year median of 0.01 and 40% above the Metals & Mining industry median of 0.15. First Atlantic Nickelbalt's overall GF Score™ is 34/100. 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 First Atlantic Nickelbalt (FANCF), the current Debt-to-Equity is 0.21 as of Apr. 2026. 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.
First Atlantic Nickel & Cobalt Corp is engaged in the identification, evaluation and acquisition of mineral properties in Canada. The Company owned a 100% interest in, or held options to acquire the Voisey's West Property, Rey Lake Property, Lucky Mike Mineral Property, Pipestone XL, Atlantis Project and the Ophiolite X Project.
34GF Score
Get the complete analysis for FANCF
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
FANCF has been successfully added to your 
