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First PhosphateFPHOY -2.68%14 Debt-to-Equity is 0.03 as of Feb. 2026, which is at its 10-year median of 0.03. GuruFocus rates FPHOY with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 1,218 Metals & Mining companies, First Phosphate ranks better than 76.44% 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 Phosphate's Debt-to-Equity or its related term are showing as below:
FPHOY'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.03 Max: 0.03
Current: 0.03
During the past 13 years, the highest Debt-to-Equity Ratio of First Phosphate was 0.03. The lowest was 0.03. And the median was 0.03.
FPHOY's Debt-to-Equity is ranked better than 76.44% of 1218
companies
in the Metals & Mining industry
Industry Median: 0.15
vs FPHOY: 0.03
First Phosphate (OTCPK:FPHOY) 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 Phosphate Debt-to-Equity Related Terms
First Phosphate Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for First Phosphate'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.
First Phosphate Debt-to-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, First Phosphate'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 Phosphate Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Phosphate's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Phosphate'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 Phosphate (FPHOY) has a Debt-to-Equity of 0.03 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Phosphate and its competitors. This is near median its historical median of 0.03. Over the past decade, First Phosphate's Debt-to-Equity has ranged from 0.03 to 0.03. According to the industry distribution chart, First Phosphate ranks #287 out of 1218 companies in the Metals & Mining industry, placing it in the top 23.6%.
Is First Phosphate's Debt-to-Equity too high?
First Phosphate's current Debt-to-Equity of 0.03 is near median its 10-year median of 0.03. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.03. The Metals & Mining industry median Debt-to-Equity is 0.15. First Phosphate's value of 0.03 is 80% below this industry median. Based on the distribution chart, First Phosphate ranks #287 out of 1218 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, First Phosphate has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does First Phosphate's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, First Phosphate ranks #287 out of 1218 companies for Debt-to-Equity. This places First Phosphate in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.15. First Phosphate's value of 0.03 is 80% below this benchmark. Historically, First Phosphate's own Debt-to-Equity has ranged from 0.03 to 0.03 over the past decade. While the company's 10-year median is 0.03 vs. the industry median of 0.15, First Phosphate 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 1,218 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 Phosphate's current Debt-to-Equity of 0.03 is 80% 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 First Phosphate 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 Phosphate's current Debt-to-Equity is 0.03, which is near median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Phosphate stock overvalued right now?
First Phosphate (FPHOY) has a current Debt-to-Equity of 0.03. The current Debt-to-Equity is 0.03, which is near median its 10-year median of 0.03 and 80% below the Metals & Mining industry median of 0.15. First Phosphate's overall GF Score™ is 14/100 with 1 warning sign 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 First Phosphate (FPHOY), the current Debt-to-Equity is 0.03 as of Feb. 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 Phosphate Corp owns and is developing igneous rock phosphate mineral properties in the Saguenay Region of Quebec for the production of phosphoric acid for the production of cathode active material for use in lithium iron phosphate (LPF) batteries for the electric vehicle industry.
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