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PT Merdeka Gold Resources TbkISX:EMAS +4.76%1 Debt-to-Equity is 1.00 as of Mar. 2026, which is 32% above its 10-year median of 0.76. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review. Among 1,222 Metals & Mining companies, PT Merdeka Gold Resources Tbk ranks worse than 87.23% 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 PT Merdeka Gold Resources Tbk's Debt-to-Equity or its related term are showing as below:
ISX:EMAS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.2 Med: 0.76 Max: 1
Current: 1
During the past 4 years, the highest Debt-to-Equity Ratio of PT Merdeka Gold Resources Tbk was 1.00. The lowest was 0.20. And the median was 0.76.
ISX:EMAS's Debt-to-Equity is ranked worse than 87.23% of 1222
companies
in the Metals & Mining industry
Industry Median: 0.145
vs ISX:EMAS: 1.00
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.
PT Merdeka Gold Resources Tbk Debt-to-Equity Related Terms
PT Merdeka Gold Resources Tbk 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.
ISX:EMAS vs NEM, AU, RGLD: Debt-to-Equity Comparison
For the Gold subindustry, PT Merdeka Gold Resources Tbk'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.
PT Merdeka Gold Resources Tbk Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Gold Resources Tbk's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where PT Merdeka Gold Resources Tbk'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.
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a Debt-to-Equity of 1.00 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on PT Merdeka Gold Resources Tbk and its competitors. This is 32% above median its historical median of 0.76. Over the past decade, PT Merdeka Gold Resources Tbk's Debt-to-Equity has ranged from 0.20 to 1.00. According to the industry distribution chart, PT Merdeka Gold Resources Tbk ranks #1066 out of 1222 companies in the Metals & Mining industry, placing it in the top 87.2%.
Is PT Merdeka Gold Resources Tbk's Debt-to-Equity too high?
PT Merdeka Gold Resources Tbk's current Debt-to-Equity of 1.00 is 32% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.00. The Metals & Mining industry median Debt-to-Equity is 0.15. PT Merdeka Gold Resources Tbk's value of 1.00 is 589.7% above this industry median. Based on the distribution chart, PT Merdeka Gold Resources Tbk ranks #1066 out of 1222 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, PT Merdeka Gold Resources Tbk has a GF Score™ of 1/100, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Gold Resources Tbk's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, PT Merdeka Gold Resources Tbk ranks #1066 out of 1222 companies for Debt-to-Equity. This places PT Merdeka Gold Resources Tbk in the lower half of its industry. The industry median Debt-to-Equity is 0.15. PT Merdeka Gold Resources Tbk's value of 1.00 is 589.7% above this benchmark. Historically, PT Merdeka Gold Resources Tbk's own Debt-to-Equity has ranged from 0.20 to 1.00 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 0.15, PT Merdeka Gold Resources Tbk 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. PT Merdeka Gold Resources Tbk's current Debt-to-Equity of 1.00 is 589.7% 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 PT Merdeka Gold Resources Tbk 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. PT Merdeka Gold Resources Tbk's current Debt-to-Equity is 1.00, which is 32% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Gold Resources Tbk stock overvalued right now?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a current Debt-to-Equity of 1.00. The current Debt-to-Equity is 1.00, which is 32% above median its 10-year median of 0.76 and 589.7% above the Metals & Mining industry median of 0.15. PT Merdeka Gold Resources Tbk's overall GF Score™ is 1/100 with 1 warning sign 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 PT Merdeka Gold Resources Tbk (ISX:EMAS), the current Debt-to-Equity is 1.00 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.
PT Merdeka Gold Resources Tbk operates as a holding company overseeing a group engaged in gold mining and associated minerals, processing operations, and other vertically integrated related activities. Its products include gold products in the form of semi-finished gold bars produced from gold mining and ore processing activities, by-products derived from the gold processing activities, including silver contained in the dore bullion, integrated mining services and activities, covering exploration, mining, processing, and initial refining activities conducted through EMAS Group, and supporting mining-related services, including mine management, mining infrastructure, and other related activities within a vertically integrated value chain. It operates in single segment.
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