Kinross GoldXSWX:KG +0.14%94 Debt-to-Equity is 0.08 as of Mar. 2026, which is 79% below its 10-year median of 0.38. GuruFocus rates XSWX:KG with a GF Score™ of 94/100 and a GF Value™ of CHF14.49 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,221 Metals & Mining companies, Kinross Gold ranks better than 61.1% 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 Kinross Gold's Debt-to-Equity or its related term are showing as below:
XSWX:KG'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.38 Max: 0.49
Current: 0.08
During the past 13 years, the highest Debt-to-Equity Ratio of Kinross Gold was 0.49. The lowest was 0.08. And the median was 0.38.
XSWX:KG's Debt-to-Equity is ranked better than 61.1% of 1221
companies
in the Metals & Mining industry
Industry Median: 0.15
vs XSWX:KG: 0.08
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.
Kinross Gold Debt-to-Equity Related Terms
Kinross Gold Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Kinross 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.
XSWX:KG vs NEM, AU, RGLD: Debt-to-Equity Comparison
For the Gold subindustry, Kinross 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.
Kinross Gold Debt-to-Equity vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Kinross 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.
Kinross Gold (XSWX:KG) has a Debt-to-Equity of 0.08 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Kinross Gold and its competitors. This is 79% below median its historical median of 0.38. Over the past decade, Kinross Gold's Debt-to-Equity has ranged from 0.08 to 0.49. According to the industry distribution chart, Kinross Gold ranks #475 out of 1221 companies in the Metals & Mining industry, placing it in the top 38.9%.
Is Kinross Gold's Debt-to-Equity too high?
Kinross Gold's current Debt-to-Equity of 0.08 is 79% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.49. The Metals & Mining industry median Debt-to-Equity is 0.15. Kinross Gold's value of 0.08 is 46.7% below this industry median. Based on the distribution chart, Kinross Gold ranks #475 out of 1221 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Kinross Gold has a GF Score™ of 94/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Debt-to-Equity compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #475 out of 1221 companies for Debt-to-Equity. This puts Kinross Gold in the upper half of its industry. The industry median Debt-to-Equity is 0.15. Kinross Gold's value of 0.08 is 46.7% below this benchmark. Historically, Kinross Gold's own Debt-to-Equity has ranged from 0.08 to 0.49 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.15, Kinross 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 0.15, based on 1,221 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. Kinross Gold's current Debt-to-Equity of 0.08 is 46.7% 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 Kinross Gold 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. Kinross Gold's current Debt-to-Equity is 0.08, which is 79% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (XSWX:KG) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF14.49, compared to a current price of CHF19.16 — trading 32.3% above its estimated fair value. The current Debt-to-Equity is 0.08, which is 79% below median its 10-year median of 0.38 and 46.7% below the Metals & Mining industry median of 0.15. Kinross Gold's overall GF Score™ is 94/100 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 Kinross Gold (XSWX:KG), the current Debt-to-Equity is 0.08 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 Kinross Gold (XSWX:KG) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of CHF19.16 is trading 32.3% above its estimated GF Value™ of CHF14.49.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for XSWX:KG:
Debt-to-Equity: 0.08 (79% below median its 10-year median of 0.38)
GF Value™: CHF14.49 vs. price of CHF19.16 (32.3% above fair value)
Industry Position: 46.7% below the Metals & Mining median (#475 of 1221)
No single metric tells the full story. See the XSWX:KG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
94GF Score
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