Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Sparton ResourcesSPNRF Debt-to-Equity is 0.26 as of Dec. 2025, which is at its 10-year median of 0.26. Among 1,229 Metals & Mining companies, Sparton Resources ranks worse than 61.27% 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 Sparton Resources's Debt-to-Equity or its related term are showing as below:
SPNRF'
s Debt-to-Equity Range Over the Past 10 Years
Min: -1.29 Med: 0.26 Max: 0.51
Current: 0.26
During the past 13 years, the highest Debt-to-Equity Ratio of Sparton Resources was 0.51. The lowest was -1.29. And the median was 0.26.
SPNRF's Debt-to-Equity is ranked worse than 61.27% of 1229
companies
in the Metals & Mining industry
Industry Median: 0.14
vs SPNRF: 0.26
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.
Sparton Resources Debt-to-Equity Related Terms
Sparton Resources Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Sparton Resources'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, Sparton Resources'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.
Sparton Resources Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sparton Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Sparton Resources'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.
Sparton Resources (SPNRF) has a Debt-to-Equity of 0.26 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sparton Resources and its competitors. This is near median its historical median of 0.26. According to the industry distribution chart, Sparton Resources ranks #753 out of 1229 companies in the Metals & Mining industry, placing it in the top 61.3%.
Is Sparton Resources' Debt-to-Equity too high?
Sparton Resources' current Debt-to-Equity of 0.26 is near median its 10-year median of 0.26. The Metals & Mining industry median Debt-to-Equity is 0.14. Sparton Resources' value of 0.26 is 85.7% above this industry median. Based on the distribution chart, Sparton Resources ranks #753 out of 1229 companies in the Metals & Mining industry, which is below the industry midpoint.
How does Sparton Resources' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Sparton Resources ranks #753 out of 1229 companies for Debt-to-Equity. This places Sparton Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.14. Sparton Resources' value of 0.26 is 85.7% above this benchmark. While the company's 10-year median is 0.26 vs. the industry median of 0.14, Sparton Resources 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 1,229 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. Sparton Resources's current Debt-to-Equity of 0.26 is 85.7% 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 Sparton Resources 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. Sparton Resources's current Debt-to-Equity is 0.26, which is near median its own 10-year median of 0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sparton Resources stock overvalued right now?
Based on GuruFocus' analysis, Sparton Resources (SPNRF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.02, compared to a current price of $0.01 — trading 53.5% below its estimated fair value. The current Debt-to-Equity is 0.26, which is near median its 10-year median of 0.26 and 85.7% above the Metals & Mining industry median of 0.14. 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 Sparton Resources (SPNRF), the current Debt-to-Equity is 0.26 as of Dec. 2025. 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.
Sparton Resources Inc is an exploration and development stage company and has interests in exploration and evaluation properties in Canada and China. The company focuses on financing exploration for several resource projects and seeking new business for the drilling operation. Through its subsidiaries, it is also involved in the development of the vanadium redox flow battery. The company's other properties include Bruell Gold Property, Polymetallic Pense Property, and Matachewan Gold Property.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SPNRF has been successfully added to your 
