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Anglogold AshantiHAM:HT3 -1.44%81 Debt-to-Equity is 0.27 as of Mar. 2026, which is 52% below its 10-year median of 0.56. GuruFocus rates HAM:HT3 with a GF Score™ of 81/100 and a GF Value™ of €48.20 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,222 Metals & Mining companies, Anglogold Ashanti ranks worse than 61.87% 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 Anglogold Ashanti's Debt-to-Equity or its related term are showing as below:
HAM:HT3'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.56 Max: 1.38
Current: 0.27
During the past 13 years, the highest Debt-to-Equity Ratio of Anglogold Ashanti was 1.38. The lowest was 0.27. And the median was 0.56.
HAM:HT3's Debt-to-Equity is ranked worse than 61.87% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.15
vs HAM:HT3: 0.27
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.
Anglogold Ashanti Debt-to-Equity Related Terms
Anglogold Ashanti Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Anglogold Ashanti'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.
HAM:HT3 vs RGLD, CDE, AUGO: Debt-to-Equity Comparison
For the Gold subindustry, Anglogold Ashanti'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.
Anglogold Ashanti Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti'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.
Anglogold Ashanti (HAM:HT3) has a Debt-to-Equity of 0.27 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Anglogold Ashanti and its competitors. This is 52% below median its historical median of 0.56. Over the past decade, Anglogold Ashanti's Debt-to-Equity has ranged from 0.27 to 1.38. According to the industry distribution chart, Anglogold Ashanti ranks #756 out of 1222 companies in the Metals & Mining industry, placing it in the top 61.9%.
Is Anglogold Ashanti's Debt-to-Equity too high?
Anglogold Ashanti's current Debt-to-Equity of 0.27 is 52% below median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.38. The Metals & Mining industry median Debt-to-Equity is 0.15. Anglogold Ashanti's value of 0.27 is 80% above this industry median. Based on the distribution chart, Anglogold Ashanti ranks #756 out of 1222 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Anglogold Ashanti has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Debt-to-Equity compare to RGLD and CDE?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #756 out of 1222 companies for Debt-to-Equity. This places Anglogold Ashanti in the lower half of its industry. The industry median Debt-to-Equity is 0.15. Anglogold Ashanti's value of 0.27 is 80% above this benchmark. Historically, Anglogold Ashanti's own Debt-to-Equity has ranged from 0.27 to 1.38 over the past decade. While the company's 10-year median is 0.56 vs. the industry median of 0.15, Anglogold Ashanti 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 0.15, 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. Anglogold Ashanti's current Debt-to-Equity of 0.27 is 80% 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 Anglogold Ashanti 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. Anglogold Ashanti's current Debt-to-Equity is 0.27, which is 52% below median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (HAM:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €48.20, compared to a current price of €66.98 — trading 39% above its estimated fair value. The current Debt-to-Equity is 0.27, which is 52% below median its 10-year median of 0.56 and 80% above the Metals & Mining industry median of 0.15. Anglogold Ashanti's overall GF Score™ is 81/100 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 Anglogold Ashanti (HAM:HT3), the current Debt-to-Equity is 0.27 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.
Is Anglogold Ashanti (HAM:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €66.98 is trading 39% above its estimated GF Value™ of €48.20.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for HAM:HT3:
Debt-to-Equity: 0.27 (52% below median its 10-year median of 0.56)
GF Value™: €48.20 vs. price of €66.98 (39% above fair value)
Industry Position: 80% above the Metals & Mining median (#756 of 1222)
No single metric tells the full story. See the HAM:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
81GF Score
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