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.
Asante GoldASGOF -0.02%33 Equity-to-Asset is 0.13 as of Mar. 2026, which is 68% below its 10-year median of 0.40. GuruFocus rates ASGOF with a GF Score™ of 33/100 and a GF Value™ of $1.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,671 Metals & Mining companies, Asante Gold ranks worse than 87.12% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Asante Gold's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $126.0 Mil. Asante Gold's Total Assets for the quarter that ended in Mar. 2026 was $1,004.3 Mil.
Therefore, Asante Gold's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.13.
The historical rank and industry rank for Asante Gold's Equity-to-Asset or its related term are showing as below:
ASGOF'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.09 Med: 0.4 Max: 0.84
Current: 0.13
During the past 13 years, the highest Equity to Asset Ratio of Asante Gold was 0.84. The lowest was -0.09. And the median was 0.40.
ASGOF's Equity-to-Asset is ranked worse than 87.12% of 2671
companies
in the Metals & Mining industry
Industry Median: 0.79
vs ASGOF: 0.13
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Asante Gold Equity-to-Asset Related Terms
Asante Gold Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Asante Gold's Equity-to-Asset 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, Asante Gold's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.
Asante Gold Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asante Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Asante Gold's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Asante Gold's Equity to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as
* 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.
Asante Gold (ASGOF) has a Equity-to-Asset of 0.13 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Asante Gold and its competitors. This is 68% below median its historical median of 0.40. According to the industry distribution chart, Asante Gold ranks #2327 out of 2671 companies in the Metals & Mining industry, placing it in the top 87.1%.
Is Asante Gold's Equity-to-Asset too high?
Asante Gold's current Equity-to-Asset of 0.13 is 68% below median its 10-year median of 0.40. The Metals & Mining industry median Equity-to-Asset is 0.79. Asante Gold's value of 0.13 is 83.5% below this industry median. Based on the distribution chart, Asante Gold ranks #2327 out of 2671 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Asante Gold has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asante Gold's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Asante Gold ranks #2327 out of 2671 companies for Equity-to-Asset. This places Asante Gold in the lower half of its industry. The industry median Equity-to-Asset is 0.79. Asante Gold's value of 0.13 is 83.5% below this benchmark. While the company's 10-year median is 0.40 vs. the industry median of 0.79, Asante 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 Equity-to-Asset for a Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.79, based on 2,671 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asante Gold's current Equity-to-Asset of 0.13 is 83.5% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Asante Gold and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asante Gold's current Equity-to-Asset is 0.13, which is 68% below median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asante Gold stock overvalued right now?
Based on GuruFocus' analysis, Asante Gold (ASGOF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.02, compared to a current price of $0.50 — trading 51% below its estimated fair value. The current Equity-to-Asset is 0.13, which is 68% below median its 10-year median of 0.40 and 83.5% below the Metals & Mining industry median of 0.79. Asante Gold's overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Asante Gold (ASGOF), the current Equity-to-Asset is 0.13 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 Asante Gold (ASGOF) Overvalued in 2026?
Based on GuruFocus' analysis, Asante Gold stock appears to be undervalued.
The current stock price of $0.50 is trading 51% below its estimated GF Value™ of $1.02.
GuruFocus considers Asante Gold to be Possible Value Trap.
Key valuation signals for ASGOF:
Equity-to-Asset: 0.13 (68% below median its 10-year median of 0.40)
GF Value™: $1.02 vs. price of $0.50 (51% below fair value)
Industry Position: 83.5% below the Metals & Mining median (#2327 of 2671)
No single metric tells the full story. See the ASGOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asante Gold Corp business activity is the operation of its two gold mines, the Bibiani Gold Mine and the Chirano Gold Mine, in the Republic of Ghana through a holding of interest in its subsidiaries. The Company is conducting exploration activities on properties assessed to be of merit for locating additional mineral resources, and has acquired or has options to acquire mining concession rights to additional properties in Ghana, where it is actively engaged in exploration and evaluation activities. The Company reports the results of two operating segments, the Bibiani Gold Mine and the Chirano Gold Mine, which generate maximum revenue.
33GF Score
Get the complete analysis for ASGOF
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASGOF has been successfully added to your 
