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Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Lithium's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$4.08 Mil. First Lithium's Total Assets for the quarter that ended in Dec. 2025 was A$5.77 Mil.
The historical rank and industry rank for First Lithium's Equity-to-Asset or its related term are showing as below:
ASX:FL1'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.93 Max: 0.98
Current: 0.71
During the past 13 years, the highest Equity to Asset Ratio of First Lithium was 0.98. The lowest was 0.28. And the median was 0.93.
ASX:FL1's Equity-to-Asset is not ranked
in the Metals & Mining industry.
Industry Median: 0.8
vs ASX:FL1: 0.71
First Lithium (ASX:FL1) 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%.
First Lithium Equity-to-Asset Related Terms
First Lithium Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for First Lithium'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.
First Lithium Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, First Lithium'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.
First Lithium Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Lithium's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Lithium'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.
First Lithium'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.
First Lithium (ASX:FL1) has a Equity-to-Asset of 0.71 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Lithium and its competitors. This is 24% below median its historical median of 0.93. Over the past decade, First Lithium's Equity-to-Asset has ranged from 0.28 to 0.98.
Is First Lithium's Equity-to-Asset too high?
First Lithium's current Equity-to-Asset of 0.71 is 24% below median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.98. The Metals & Mining industry median Equity-to-Asset is 0.80. First Lithium's value of 0.71 is 11.3% below this industry median. Overall, First Lithium has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does First Lithium's Equity-to-Asset compare to competitors?
First Lithium's Equity-to-Asset of 0.71 can be compared against companies in the Metals & Mining industry. The industry median Equity-to-Asset is 0.80. First Lithium's value of 0.71 is 11.3% below this benchmark. Historically, First Lithium's own Equity-to-Asset has ranged from 0.28 to 0.98 over the past decade. While the company's 10-year median is 0.93 vs. the industry median of 0.80, First Lithium 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 0.80, based on 2,672 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. First Lithium's current Equity-to-Asset of 0.71 is 11.3% 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 First Lithium and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Lithium's current Equity-to-Asset is 0.71, which is 24% below median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Lithium stock overvalued right now?
First Lithium (ASX:FL1) has a current Equity-to-Asset of 0.71. The current Equity-to-Asset is 0.71, which is 24% below median its 10-year median of 0.93 and 11.3% below the Metals & Mining industry median of 0.80. First Lithium's overall GF Score™ is 22/100 with 4 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 First Lithium (ASX:FL1), the current Equity-to-Asset is 0.71 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.
First Lithium Ltd is a mineral exploration and development company. It is focused on West African mineral exploration and development. The company is predominantly engaged in the acquisition, and progress exploration, of the two lithium mineral bearing permits, Faraba and Gouna in Mali (the Mali Lithium Project).
22GF Score
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