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Nickel AsiaPHS:NIKL 92 Debt-to-Equity is 0.33 as of Mar. 2026, which is 175% above its 10-year median of 0.12. GuruFocus rates PHS:NIKL with a GF Score™ of 92/100 and a GF Value™ of ₱4.92 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,223 Metals & Mining companies, Nickel Asia ranks worse than 65.25% 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 Nickel Asia's Debt-to-Equity or its related term are showing as below:
PHS:NIKL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.12 Max: 0.39
Current: 0.33
During the past 13 years, the highest Debt-to-Equity Ratio of Nickel Asia was 0.39. The lowest was 0.09. And the median was 0.12.
PHS:NIKL's Debt-to-Equity is ranked worse than 65.25% of 1223
companies
in the Metals & Mining industry
Industry Median: 0.14
vs PHS:NIKL: 0.33
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.
Nickel Asia Debt-to-Equity Related Terms
Nickel Asia Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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, Nickel Asia'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.
Nickel Asia Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Nickel Asia'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.
Nickel Asia (PHS:NIKL) has a Debt-to-Equity of 0.33 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Nickel Asia and its competitors. This is 175% above median its historical median of 0.12. Over the past decade, Nickel Asia's Debt-to-Equity has ranged from 0.09 to 0.39. According to the industry distribution chart, Nickel Asia ranks #798 out of 1223 companies in the Metals & Mining industry, placing it in the top 65.2%.
Is Nickel Asia's Debt-to-Equity too high?
Nickel Asia's current Debt-to-Equity of 0.33 is 175% above median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 0.39. The Metals & Mining industry median Debt-to-Equity is 0.14. Nickel Asia's value of 0.33 is 135.7% above this industry median. Based on the distribution chart, Nickel Asia ranks #798 out of 1223 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Asia has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #798 out of 1223 companies for Debt-to-Equity. This places Nickel Asia in the lower half of its industry. The industry median Debt-to-Equity is 0.14. Nickel Asia's value of 0.33 is 135.7% above this benchmark. Historically, Nickel Asia's own Debt-to-Equity has ranged from 0.09 to 0.39 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.14, Nickel Asia 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 0.14, based on 1,223 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. Nickel Asia's current Debt-to-Equity of 0.33 is 135.7% 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 Nickel Asia 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. Nickel Asia's current Debt-to-Equity is 0.33, which is 175% above median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (PHS:NIKL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱4.92, compared to a current price of ₱4.12 — trading 16.3% below its estimated fair value. The current Debt-to-Equity is 0.33, which is 175% above median its 10-year median of 0.12 and 135.7% above the Metals & Mining industry median of 0.14. Nickel Asia's overall GF Score™ is 92/100 with 3 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 Nickel Asia (PHS:NIKL), the current Debt-to-Equity is 0.33 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 Nickel Asia (PHS:NIKL) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be undervalued.
The current stock price of ₱4.12 is trading 16.3% below its estimated GF Value™ of ₱4.92.
GuruFocus considers Nickel Asia to be Modestly Undervalued.
Key valuation signals for PHS:NIKL:
Debt-to-Equity: 0.33 (175% above median its 10-year median of 0.12)
GF Value™: ₱4.92 vs. price of ₱4.12 (16.3% below fair value)
Industry Position: 135.7% above the Metals & Mining median (#798 of 1223)
No single metric tells the full story. See the PHS:NIKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
92GF Score
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