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.
Future Mineral ResourcesTSX:FMR 28 Debt-to-Equity is 5.12 as of Apr. 2026, which is 16967% above its 10-year median of 0.03. GuruFocus rates TSX:FMR with a GF Score™ of 28/100. The stock has 2 warning signs investors should review. Among 1,232 Metals & Mining companies, Future Mineral Resources ranks worse than 98.3% 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 Future Mineral Resources's Debt-to-Equity or its related term are showing as below:
TSX:FMR'
s Debt-to-Equity Range Over the Past 10 Years
Min: -5.46 Med: 0.03 Max: 5.12
Current: 5.12
During the past 12 years, the highest Debt-to-Equity Ratio of Future Mineral Resources was 5.12. The lowest was -5.46. And the median was 0.03.
TSX:FMR's Debt-to-Equity is ranked worse than 98.3% of 1232
companies
in the Metals & Mining industry
Industry Median: 0.14
vs TSX:FMR: 5.12
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.
Future Mineral Resources Debt-to-Equity Related Terms
Future Mineral Resources 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.
Future Mineral Resources Debt-to-Equity Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Future Mineral 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.
Future Mineral Resources Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Future Mineral Resources's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Future Mineral 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.
Future Mineral Resources (TSX:FMR) has a Debt-to-Equity of 5.12 as of Apr. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Future Mineral Resources and its competitors. This is 16967% above median its historical median of 0.03. According to the industry distribution chart, Future Mineral Resources ranks #1211 out of 1232 companies in the Metals & Mining industry, placing it in the top 98.3%.
Is Future Mineral Resources' Debt-to-Equity too high?
Future Mineral Resources' current Debt-to-Equity of 5.12 is 16967% above median its 10-year median of 0.03. The Metals & Mining industry median Debt-to-Equity is 0.14. Future Mineral Resources' value of 5.12 is 3557.1% above this industry median. Based on the distribution chart, Future Mineral Resources ranks #1211 out of 1232 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Future Mineral Resources has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Future Mineral Resources' Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Future Mineral Resources ranks #1211 out of 1232 companies for Debt-to-Equity. This places Future Mineral Resources in the lower half of its industry. The industry median Debt-to-Equity is 0.14. Future Mineral Resources' value of 5.12 is 3557.1% above this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 0.14, Future Mineral 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 1,232 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. Future Mineral Resources's current Debt-to-Equity of 5.12 is 3557.1% 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 Future Mineral 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. Future Mineral Resources's current Debt-to-Equity is 5.12, which is 16967% above median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Mineral Resources stock overvalued right now?
Future Mineral Resources (TSX:FMR) has a current Debt-to-Equity of 5.12. The current Debt-to-Equity is 5.12, which is 16967% above median its 10-year median of 0.03 and 3557.1% above the Metals & Mining industry median of 0.14. Future Mineral Resources' overall GF Score™ is 28/100 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 Future Mineral Resources (TSX:FMR), the current Debt-to-Equity is 5.12 as of Apr. 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.
Future Mineral Resources Inc. is focused on acquisitions and the development of brownfield, development-stage, and early production-stage mining projects in the Americas, Africa, Europe, and Australia. It invests its excess cash to maintain its capital for the acquisition of mining projects. Its main precious metals project is the East Sullivan Property in Quebec, Canada, and its main uranium projects are the Otish Property in Quebec, Canada, and the Orange Creek Property in the Northern Territory of Australia.
28GF Score
Get the complete analysis for TSX:FMR
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:FMR has been successfully added to your 
