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First Quantum MineralsFQVLF +1.87%67 Debt-to-Equity is 0.55 as of Jun. 2026, which is 21% below its 10-year median of 0.70. GuruFocus rates FQVLF with a GF Score™ of 67/100 and a GF Value™ of $16.32 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,223 Metals & Mining companies, First Quantum Minerals ranks worse than 76.29% 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 Quantum Minerals's Debt-to-Equity or its related term are showing as below:
FQVLF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.51 Med: 0.7 Max: 0.95
Current: 0.55
During the past 13 years, the highest Debt-to-Equity Ratio of First Quantum Minerals was 0.95. The lowest was 0.51. And the median was 0.70.
FQVLF's Debt-to-Equity is ranked worse than 76.29% of 1223
companies
in the Metals & Mining industry
Industry Median: 0.14
vs FQVLF: 0.55
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 Quantum Minerals Debt-to-Equity Related Terms
First Quantum Minerals Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for First Quantum Minerals'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 Copper subindustry, First Quantum Minerals'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 Quantum Minerals Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Quantum Minerals's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where First Quantum Minerals'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 Quantum Minerals (FQVLF) has a Debt-to-Equity of 0.55 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on First Quantum Minerals and its competitors. This is 21% below median its historical median of 0.70. Over the past decade, First Quantum Minerals' Debt-to-Equity has ranged from 0.51 to 0.95. According to the industry distribution chart, First Quantum Minerals ranks #933 out of 1223 companies in the Metals & Mining industry, placing it in the top 76.3%.
Is First Quantum Minerals' Debt-to-Equity too high?
First Quantum Minerals' current Debt-to-Equity of 0.55 is 21% below median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.95. The Metals & Mining industry median Debt-to-Equity is 0.14. First Quantum Minerals' value of 0.55 is 292.9% above this industry median. Based on the distribution chart, First Quantum Minerals ranks #933 out of 1223 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, First Quantum Minerals has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' Debt-to-Equity compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, First Quantum Minerals ranks #933 out of 1223 companies for Debt-to-Equity. This places First Quantum Minerals in the lower half of its industry. The industry median Debt-to-Equity is 0.14. First Quantum Minerals' value of 0.55 is 292.9% above this benchmark. Historically, First Quantum Minerals' own Debt-to-Equity has ranged from 0.51 to 0.95 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 0.14, First Quantum Minerals 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 0.14, based on 1,223 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 Quantum Minerals's current Debt-to-Equity of 0.55 is 292.9% 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 Quantum Minerals 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. First Quantum Minerals's current Debt-to-Equity is 0.55, which is 21% below median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (FQVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.32, compared to a current price of $31.90 — trading 95.4% above its estimated fair value. The current Debt-to-Equity is 0.55, which is 21% below median its 10-year median of 0.70 and 292.9% above the Metals & Mining industry median of 0.14. First Quantum Minerals' overall GF Score™ is 67/100 with 6 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 First Quantum Minerals (FQVLF), the current Debt-to-Equity is 0.55 as of Jun. 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.
Is First Quantum Minerals (FQVLF) Overvalued in 2026?
Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued.
The current stock price of $31.90 is trading 95.4% above its estimated GF Value™ of $16.32.
GuruFocus considers First Quantum Minerals to be Significantly Overvalued.
Key valuation signals for FQVLF:
Debt-to-Equity: 0.55 (21% below median its 10-year median of 0.70)
GF Value™: $16.32 vs. price of $31.90 (95.4% above fair value)
Industry Position: 292.9% above the Metals & Mining median (#933 of 1223)
No single metric tells the full story. See the FQVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
67GF Score
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