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Black Horse MiningASX:BHL 3 Equity-to-Asset is 0.99 as of Jun. 2026. GuruFocus rates ASX:BHL with a GF Score™ of 3/100. Among 2,677 Metals & Mining companies, Black Horse Mining ranks worse than 37355.21% on this metric.
The historical rank and industry rank for Black Horse Mining's Equity-to-Asset or its related term are showing as below:
ASX:BHL's Equity-to-Asset is not ranked *
in the Metals & Mining industry.
Industry Median: 0.81 * Ranked among companies with meaningful Equity-to-Asset only.
Black Horse Mining (ASX:BHL) Equity-to-Asset Explanation
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%.
Black Horse Mining Equity-to-Asset Related Terms
Black Horse Mining Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Black Horse Mining'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.
Black Horse Mining Equity-to-Asset Chart
Black Horse Mining Annual Data
Trend
Jun26
Equity-to-Asset
0.99
Black Horse Mining Semi-Annual Data
Dec25
Jun26
Equity-to-Asset
0.96
0.99
ASX:BHL vs NEM, AU: Equity-to-Asset Comparison
For the Gold subindustry, Black Horse Mining'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.
Black Horse Mining Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Black Horse Mining's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Black Horse Mining'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.
Black Horse Mining's Equity to Asset Ratio for the fiscal year that ended in Jun. 2026 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.
Black Horse Mining (ASX:BHL) has a Equity-to-Asset of 0.99 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Black Horse Mining and its competitors. According to the industry distribution chart, Black Horse Mining ranks #999999 out of 2677 companies in the Metals & Mining industry.
Is Black Horse Mining's Equity-to-Asset too high?
Black Horse Mining's current Equity-to-Asset is 0.99. The Metals & Mining industry median Equity-to-Asset is 0.81. Black Horse Mining's value of 0.99 is 22.2% above this industry median. Based on the distribution chart, Black Horse Mining ranks #999999 out of 2677 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Black Horse Mining has a GF Score™ of 3/100, reflecting its overall financial health beyond just this single metric.
How does Black Horse Mining's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Black Horse Mining ranks #999999 out of 2677 companies for Equity-to-Asset. This places Black Horse Mining in the lower half of its industry. The industry median Equity-to-Asset is 0.81. Black Horse Mining's value of 0.99 is 22.2% above this benchmark. 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 0.81, based on 2,677 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. Black Horse Mining's current Equity-to-Asset of 0.99 is 22.2% 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 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 Black Horse Mining and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Horse Mining's current Equity-to-Asset is 0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Horse Mining stock overvalued right now?
Black Horse Mining (ASX:BHL) has a current Equity-to-Asset of 0.99. The current Equity-to-Asset is 0.99 and 22.2% above the Metals & Mining industry median of 0.81. Black Horse Mining's overall GF Score™ is 3/100. 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 Black Horse Mining (ASX:BHL), the current Equity-to-Asset is 0.99 as of Jun. 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.
Black Horse Mining Ltd is a mineral exploration and development company focused on the acquisition, exploration, and development of gold projects, including the historic Mt Egerton gold mine in Central Victoria, Australia.
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