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Fenix ResourcesASX:FEX 33 Equity-to-Asset is 0.40 as of Dec. 2025, which is 44% below its 10-year median of 0.72. GuruFocus rates ASX:FEX with a GF Score™ of 33/100 and a GF Value™ of A$0.58 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 634 Steel companies, Fenix Resources ranks worse than 70.98% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Fenix Resources's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$181.2 Mil. Fenix Resources's Total Assets for the quarter that ended in Dec. 2025 was A$456.1 Mil.
Therefore, Fenix Resources's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.40.
The historical rank and industry rank for Fenix Resources's Equity-to-Asset or its related term are showing as below:
ASX:FEX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4 Med: 0.72 Max: 0.99
Current: 0.4
During the past 13 years, the highest Equity to Asset Ratio of Fenix Resources was 0.99. The lowest was 0.40. And the median was 0.72.
ASX:FEX's Equity-to-Asset is ranked worse than 70.98% of 634
companies
in the Steel industry
Industry Median: 0.54
vs ASX:FEX: 0.40
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%.
Fenix Resources Equity-to-Asset Related Terms
Fenix Resources Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Fenix Resources'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.
ASX:FEX vs NUE, STLD, RS: Equity-to-Asset Comparison
For the Steel subindustry, Fenix Resources'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.
Fenix Resources Equity-to-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Fenix Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Fenix Resources'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.
Fenix Resources's Equity to Asset Ratio for the fiscal year that ended in Jun. 2025 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.
Fenix Resources (ASX:FEX) has a Equity-to-Asset of 0.40 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Fenix Resources and its competitors. This is 44% below median its historical median of 0.72. Over the past decade, Fenix Resources' Equity-to-Asset has ranged from 0.40 to 0.99. According to the industry distribution chart, Fenix Resources ranks #450 out of 634 companies in the Steel industry, placing it in the top 71%.
Is Fenix Resources' Equity-to-Asset too high?
Fenix Resources' current Equity-to-Asset of 0.40 is 44% below median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 0.99. The Steel industry median Equity-to-Asset is 0.54. Fenix Resources' value of 0.40 is 25.9% below this industry median. Based on the distribution chart, Fenix Resources ranks #450 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Fenix Resources has a GF Score™ of 33/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fenix Resources' Equity-to-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Fenix Resources ranks #450 out of 634 companies for Equity-to-Asset. This places Fenix Resources in the lower half of its industry. The industry median Equity-to-Asset is 0.54. Fenix Resources' value of 0.40 is 25.9% below this benchmark. Historically, Fenix Resources' own Equity-to-Asset has ranged from 0.40 to 0.99 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.54, Fenix Resources 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 Steel company?
The median Equity-to-Asset among Steel companies is 0.54, based on 634 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. Fenix Resources's current Equity-to-Asset of 0.40 is 25.9% 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 Fenix Resources and its competitors. For the Steel industry, the median Equity-to-Asset is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fenix Resources's current Equity-to-Asset is 0.40, which is 44% below median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fenix Resources stock overvalued right now?
Based on GuruFocus' analysis, Fenix Resources (ASX:FEX) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.58, compared to a current price of A$0.26 — trading 55.2% below its estimated fair value. The current Equity-to-Asset is 0.40, which is 44% below median its 10-year median of 0.72 and 25.9% below the Steel industry median of 0.54. Fenix Resources' 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 Fenix Resources (ASX:FEX), the current Equity-to-Asset is 0.40 as of Dec. 2025. 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 Fenix Resources (ASX:FEX) Overvalued in 2026?
Based on GuruFocus' analysis, Fenix Resources stock appears to be undervalued.
The current stock price of A$0.26 is trading 55.2% below its estimated GF Value™ of A$0.58.
GuruFocus considers Fenix Resources to be Significantly Undervalued.
Key valuation signals for ASX:FEX:
Equity-to-Asset: 0.40 (44% below median its 10-year median of 0.72)
GF Value™: A$0.58 vs. price of A$0.26 (55.2% below fair value)
Industry Position: 25.9% below the Steel median (#450 of 634)
No single metric tells the full story. See the ASX:FEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fenix Resources Ltd is an Australian company engaged in exploring, developing, and mining mineral tenements. The Group has single reportable segment: the Mining. The company's assets include the Iron Ridge Iron Ore Mine, the Shine Iron Ore Mine, the Beebyn-W11 Iron Ore Project, the Newhaul Road Logistics haulage.
33GF Score
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