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Advanced Gold ExplorationFRA:ZF2 -4.72% Debt-to-Equity is 0.00 as of Mar. 2026. The stock has 1 warning sign investors should review. Among 1,229 Metals & Mining companies, Advanced Gold Exploration ranks better than 72.09% 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 Advanced Gold Exploration's Debt-to-Equity or its related term are showing as below:
FRA:ZF2'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.16 Max: 0.2
Current: 0.04
During the past 5 years, the highest Debt-to-Equity Ratio of Advanced Gold Exploration was 0.20. The lowest was 0.12. And the median was 0.16.
FRA:ZF2's Debt-to-Equity is ranked better than 72.09% of 1229
companies
in the Metals & Mining industry
Industry Median: 0.14
vs FRA:ZF2: 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.
Advanced Gold Exploration Debt-to-Equity Related Terms
Advanced Gold Exploration 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.
For the Gold subindustry, Advanced Gold Exploration'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.
Advanced Gold Exploration Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Advanced Gold Exploration's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Advanced Gold Exploration'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.
Advanced Gold Exploration (FRA:ZF2) 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 Advanced Gold Exploration and its competitors. Over the past decade, Advanced Gold Exploration's Debt-to-Equity has ranged from 0.12 to 0.20. According to the industry distribution chart, Advanced Gold Exploration ranks #343 out of 1229 companies in the Metals & Mining industry, placing it in the top 27.9%.
Is Advanced Gold Exploration's Debt-to-Equity too high?
Advanced Gold Exploration's current Debt-to-Equity is 0.00. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.20. Based on the distribution chart, Advanced Gold Exploration ranks #343 out of 1229 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Advanced Gold Exploration's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Advanced Gold Exploration ranks #343 out of 1229 companies for Debt-to-Equity. This puts Advanced Gold Exploration in the upper half of its industry. The industry median Debt-to-Equity is 0.14. Historically, Advanced Gold Exploration's own Debt-to-Equity has ranged from 0.12 to 0.20 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 1,229 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 Advanced Gold Exploration 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. Advanced Gold Exploration'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 Advanced Gold Exploration stock overvalued right now?
Advanced Gold Exploration (FRA:ZF2) has a current Debt-to-Equity of 0.00. The current Debt-to-Equity is 0.00. 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 Advanced Gold Exploration (FRA:ZF2), 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.
Advanced Gold Exploration Inc is engaged in the acquisition, exploration, and development of mineral properties. It is identifying and acquiring undervalued gold-bearing properties. Its projects include the Doyle Project, Paint Lake Road Project, and Buck Lake Property.
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