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Headwater GoldFRA:997 +12.05%22 Debt-to-Equity is 0.04 as of Feb. 2026, which is at its 10-year median of 0.04. GuruFocus rates FRA:997 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 1,225 Metals & Mining companies, Headwater Gold ranks better than 72.33% 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 Headwater Gold's Debt-to-Equity or its related term are showing as below:
FRA:997'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.04
Current: 0.04
During the past 7 years, the highest Debt-to-Equity Ratio of Headwater Gold was 0.04. The lowest was 0.02. And the median was 0.04.
FRA:997's Debt-to-Equity is ranked better than 72.33% of 1225
companies
in the Metals & Mining industry
Industry Median: 0.14
vs FRA:997: 0.04
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.
Headwater Gold Debt-to-Equity Related Terms
Headwater Gold Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Headwater Gold'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, Headwater Gold'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.
Headwater Gold Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Headwater Gold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Headwater Gold'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.
Headwater Gold (FRA:997) has a Debt-to-Equity of 0.04 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Headwater Gold and its competitors. This is near median its historical median of 0.04. Over the past decade, Headwater Gold's Debt-to-Equity has ranged from 0.02 to 0.04. According to the industry distribution chart, Headwater Gold ranks #339 out of 1225 companies in the Metals & Mining industry, placing it in the top 27.7%.
Is Headwater Gold's Debt-to-Equity too high?
Headwater Gold's current Debt-to-Equity of 0.04 is near median its 10-year median of 0.04. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.04. The Metals & Mining industry median Debt-to-Equity is 0.14. Headwater Gold's value of 0.04 is 71.4% below this industry median. Based on the distribution chart, Headwater Gold ranks #339 out of 1225 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Headwater Gold has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Headwater Gold's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Headwater Gold ranks #339 out of 1225 companies for Debt-to-Equity. This puts Headwater Gold in the upper half of its industry. The industry median Debt-to-Equity is 0.14. Headwater Gold's value of 0.04 is 71.4% below this benchmark. Historically, Headwater Gold's own Debt-to-Equity has ranged from 0.02 to 0.04 over the past decade. While the company's 10-year median is 0.04 vs. the industry median of 0.14, Headwater Gold 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 0.14, based on 1,225 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. Headwater Gold's current Debt-to-Equity of 0.04 is 71.4% 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 Headwater Gold 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. Headwater Gold's current Debt-to-Equity is 0.04, which is near median its own 10-year median of 0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwater Gold stock overvalued right now?
Headwater Gold (FRA:997) has a current Debt-to-Equity of 0.04. The current Debt-to-Equity is 0.04, which is near median its 10-year median of 0.04 and 71.4% below the Metals & Mining industry median of 0.14. Headwater Gold's overall GF Score™ is 22/100 with 2 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 Headwater Gold (FRA:997), the current Debt-to-Equity is 0.04 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.
Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. It has acquired interests in a portfolio of mineral projects in Idaho and Nevada, and also holds other mineral projects through third-party agreements and property options, and certain projects are subject to NSRs. The company's project portfolio includes the Mahogany, Agate Point, Midas North, and Spring Peak projects.
22GF Score
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