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NGEx MineralsFRA:2XM0 +0.65%40 Debt-to-Equity is 0.00 as of Mar. 2026. GuruFocus rates FRA:2XM0 with a GF Score™ of 40/100. Among 1,222 Metals & Mining companies, NGEx Minerals ranks worse than 81832.98% 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 NGEx Minerals's Debt-to-Equity or its related term are showing as below:
During the past 8 years, the highest Debt-to-Equity Ratio of NGEx Minerals was 2.06. The lowest was 0.15. And the median was 0.40.
FRA:2XM0's Debt-to-Equity is not ranked *
in the Metals & Mining industry.
Industry Median: 0.14 * Ranked among companies with meaningful Debt-to-Equity only.
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.
NGEx Minerals Debt-to-Equity Related Terms
NGEx Minerals Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for NGEx 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 Other Industrial Metals & Mining subindustry, NGEx 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.
NGEx Minerals Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, NGEx Minerals's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where NGEx 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.
NGEx Minerals (FRA:2XM0) has a Debt-to-Equity of 0.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on NGEx Minerals and its competitors. Over the past decade, NGEx Minerals' Debt-to-Equity has ranged from 0.15 to 2.06. According to the industry distribution chart, NGEx Minerals ranks #999999 out of 1222 companies in the Metals & Mining industry.
Is NGEx Minerals' Debt-to-Equity too high?
NGEx Minerals' current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 2.06. Based on the distribution chart, NGEx Minerals ranks #999999 out of 1222 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, NGEx Minerals has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does NGEx Minerals' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, NGEx Minerals ranks #999999 out of 1222 companies for Debt-to-Equity. This places NGEx Minerals in the lower half of its industry. The industry median Debt-to-Equity is 0.14. Historically, NGEx Minerals' own Debt-to-Equity has ranged from 0.15 to 2.06 over the past decade. 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 1,222 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. 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 NGEx 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. NGEx Minerals's current Debt-to-Equity is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NGEx Minerals stock overvalued right now?
NGEx Minerals (FRA:2XM0) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. NGEx Minerals' overall GF Score™ is 40/100. 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 NGEx Minerals (FRA:2XM0), the current Debt-to-Equity is 0.00 as of Mar. 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.
NGEx Minerals Ltd is engaged in the acquisition, exploration, and development of mineral properties in South America. It operates as a copper and gold exploration company based in Canada, focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project. The reportable projects of the company are the Los Helados Project, Lunahuasi project, and Maricunga Properties.
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