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TRX GoldTRX +7.69%49 Debt-to-Equity is 0.06 as of May. 2026, which is 40% below its 10-year median of 0.10. GuruFocus rates TRX with a GF Score™ of 49/100 and a GF Value™ of $1.14 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,229 Metals & Mining companies, TRX Gold ranks better than 65.34% 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 TRX Gold's Debt-to-Equity or its related term are showing as below:
TRX'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.1 Max: 0.53
Current: 0.06
During the past 13 years, the highest Debt-to-Equity Ratio of TRX Gold was 0.53. The lowest was 0.00. And the median was 0.10.
TRX's Debt-to-Equity is ranked better than 65.34% of 1229
companies
in the Metals & Mining industry
Industry Median: 0.14
vs TRX: 0.06
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.
TRX Gold Debt-to-Equity Related Terms
TRX Gold Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for TRX Gold'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 Gold subindustry, TRX Gold'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.
TRX Gold Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, TRX Gold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where TRX Gold'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.
TRX Gold (TRX) has a Debt-to-Equity of 0.06 as of May. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on TRX Gold and its competitors. This is 40% below median its historical median of 0.10. According to the industry distribution chart, TRX Gold ranks #426 out of 1229 companies in the Metals & Mining industry, placing it in the top 34.7%.
Is TRX Gold's Debt-to-Equity too high?
TRX Gold's current Debt-to-Equity of 0.06 is 40% below median its 10-year median of 0.10. The Metals & Mining industry median Debt-to-Equity is 0.14. TRX Gold's value of 0.06 is 57.1% below this industry median. Based on the distribution chart, TRX Gold ranks #426 out of 1229 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, TRX Gold has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TRX Gold's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, TRX Gold ranks #426 out of 1229 companies for Debt-to-Equity. This puts TRX Gold in the upper half of its industry. The industry median Debt-to-Equity is 0.14. TRX Gold's value of 0.06 is 57.1% below this benchmark. While the company's 10-year median is 0.10 vs. the industry median of 0.14, TRX Gold has consistently been below 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. TRX Gold's current Debt-to-Equity of 0.06 is 57.1% below 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 TRX Gold 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. TRX Gold's current Debt-to-Equity is 0.06, which is 40% below median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRX Gold stock overvalued right now?
Based on GuruFocus' analysis, TRX Gold (TRX) is currently considered Fairly Valued. The stock's GF Value™ is $1.14, compared to a current price of $1.12 — trading 1.8% below its estimated fair value. The current Debt-to-Equity is 0.06, which is 40% below median its 10-year median of 0.10 and 57.1% below the Metals & Mining industry median of 0.14. TRX Gold's overall GF Score™ is 49/100 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 TRX Gold (TRX), the current Debt-to-Equity is 0.06 as of May. 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 TRX Gold (TRX) Overvalued in 2026?
Based on GuruFocus' analysis, TRX Gold stock appears to be undervalued.
The current stock price of $1.12 is trading 1.8% below its estimated GF Value™ of $1.14.
GuruFocus considers TRX Gold to be Fairly Valued.
Key valuation signals for TRX:
Debt-to-Equity: 0.06 (40% below median its 10-year median of 0.10)
GF Value™: $1.14 vs. price of $1.12 (1.8% below fair value)
Industry Position: 57.1% below the Metals & Mining median (#426 of 1229)
No single metric tells the full story. See the TRX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TRX Gold Corp is engaged in the exploration, development, and production of mineral property interests in the United Republic of Tanzania, focused on development and mining operations, and on exploring and evaluating its mineral properties. The business of exploring and mining for minerals involves a high degree of risk, and the underlying value of the mineral properties depends on the existence and economic recovery of mineral resources and reserves, as well as the ability to raise long-term financing to continue development. The company is focused on the Buckreef Gold Project, which comprises five prospects: Buckreef, Bingwa, Tembo, Eastern Porphyry, and Buziba, and includes three main mineralized zones: Buckreef South, Buckreef Main, and Buckreef North.
49GF Score
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