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Lightning MineralsASX:L1M Equity-to-Asset is 0.89 as of Dec. 2025, which is 7% below its 10-year median of 0.96. The stock has 1 warning sign investors should review. Among 2,673 Metals & Mining companies, Lightning Minerals ranks better than 62.81% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lightning Minerals's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$3.92 Mil. Lightning Minerals's Total Assets for the quarter that ended in Dec. 2025 was A$4.38 Mil.
Therefore, Lightning Minerals's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.89.
The historical rank and industry rank for Lightning Minerals's Equity-to-Asset or its related term are showing as below:
ASX:L1M'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.89 Med: 0.96 Max: 0.97
Current: 0.89
During the past 3 years, the highest Equity to Asset Ratio of Lightning Minerals was 0.97. The lowest was 0.89. And the median was 0.96.
ASX:L1M's Equity-to-Asset is ranked better than 62.81% of 2673
companies
in the Metals & Mining industry
Industry Median: 0.8
vs ASX:L1M: 0.89
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%.
Lightning Minerals Equity-to-Asset Related Terms
Lightning Minerals Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Lightning Minerals'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 Other Industrial Metals & Mining subindustry, Lightning Minerals'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.
Lightning Minerals Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Lightning Minerals's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Lightning Minerals'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.
Lightning Minerals'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.
Lightning Minerals (ASX:L1M) has a Equity-to-Asset of 0.89 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Lightning Minerals and its competitors. This is near median its historical median of 0.96. Over the past decade, Lightning Minerals' Equity-to-Asset has ranged from 0.89 to 0.97. According to the industry distribution chart, Lightning Minerals ranks #994 out of 2673 companies in the Metals & Mining industry, placing it in the top 37.2%.
Is Lightning Minerals' Equity-to-Asset too high?
Lightning Minerals' current Equity-to-Asset of 0.89 is near median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 0.97. The Metals & Mining industry median Equity-to-Asset is 0.80. Lightning Minerals' value of 0.89 is 11.3% above this industry median. Based on the distribution chart, Lightning Minerals ranks #994 out of 2673 companies in the Metals & Mining industry, which is above the industry midpoint.
How does Lightning Minerals' Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Lightning Minerals ranks #994 out of 2673 companies for Equity-to-Asset. This puts Lightning Minerals in the upper half of its industry. The industry median Equity-to-Asset is 0.80. Lightning Minerals' value of 0.89 is 11.3% above this benchmark. Historically, Lightning Minerals' own Equity-to-Asset has ranged from 0.89 to 0.97 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 0.80, Lightning Minerals has consistently been above 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 2,673 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. Lightning Minerals's current Equity-to-Asset of 0.89 is 11.3% 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 Lightning Minerals 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. Lightning Minerals's current Equity-to-Asset is 0.89, which is near median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lightning Minerals stock overvalued right now?
Lightning Minerals (ASX:L1M) has a current Equity-to-Asset of 0.89. The current Equity-to-Asset is 0.89, which is near median its 10-year median of 0.96 and 11.3% above the Metals & Mining industry median of 0.80. 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 Lightning Minerals (ASX:L1M), the current Equity-to-Asset is 0.89 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.
Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit. The segment of the Group is mineral exploration and its geographical segments are Australia; Canada and Brazil.
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