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Nickel IndustriesASX:NIC +5.95%57 Equity-to-Asset is 0.48 as of Dec. 2025, which is 16% below its 10-year median of 0.57. GuruFocus rates ASX:NIC with a GF Score™ of 57/100 and a GF Value™ of A$0.69 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 2,669 Metals & Mining companies, Nickel Industries ranks worse than 73.36% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nickel Industries's Total Stockholders Equity for the quarter that ended in Dec. 2025 was A$3,075 Mil. Nickel Industries's Total Assets for the quarter that ended in Dec. 2025 was A$6,418 Mil.
Therefore, Nickel Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.48.
The historical rank and industry rank for Nickel Industries's Equity-to-Asset or its related term are showing as below:
ASX:NIC'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.48 Med: 0.57 Max: 0.92
Current: 0.48
During the past 8 years, the highest Equity to Asset Ratio of Nickel Industries was 0.92. The lowest was 0.48. And the median was 0.57.
ASX:NIC's Equity-to-Asset is ranked worse than 73.36% of 2669
companies
in the Metals & Mining industry
Industry Median: 0.8
vs ASX:NIC: 0.48
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%.
Nickel Industries Equity-to-Asset Related Terms
Nickel Industries Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Nickel Industries'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, Nickel Industries'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.
Nickel Industries Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nickel Industries'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.
Nickel Industries's Equity to Asset Ratio for the fiscal year that ended in Dec. 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.
Nickel Industries (ASX:NIC) has a Equity-to-Asset of 0.48 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nickel Industries and its competitors. This is 16% below median its historical median of 0.57. Over the past decade, Nickel Industries' Equity-to-Asset has ranged from 0.48 to 0.92. According to the industry distribution chart, Nickel Industries ranks #1958 out of 2669 companies in the Metals & Mining industry, placing it in the top 73.4%.
Is Nickel Industries' Equity-to-Asset too high?
Nickel Industries' current Equity-to-Asset of 0.48 is 16% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 0.92. The Metals & Mining industry median Equity-to-Asset is 0.80. Nickel Industries' value of 0.48 is 40% below this industry median. Based on the distribution chart, Nickel Industries ranks #1958 out of 2669 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Industries has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #1958 out of 2669 companies for Equity-to-Asset. This places Nickel Industries in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Nickel Industries' value of 0.48 is 40% below this benchmark. Historically, Nickel Industries' own Equity-to-Asset has ranged from 0.48 to 0.92 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.80, Nickel Industries 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 2,669 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. Nickel Industries's current Equity-to-Asset of 0.48 is 40% 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 Nickel Industries 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. Nickel Industries's current Equity-to-Asset is 0.48, which is 16% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.69, compared to a current price of A$0.89 — trading 29% above its estimated fair value. The current Equity-to-Asset is 0.48, which is 16% below median its 10-year median of 0.57 and 40% below the Metals & Mining industry median of 0.80. Nickel Industries' overall GF Score™ is 57/100 with 10 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 Nickel Industries (ASX:NIC), the current Equity-to-Asset is 0.48 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.89 is trading 29% above its estimated GF Value™ of A$0.69.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
Equity-to-Asset: 0.48 (16% below median its 10-year median of 0.57)
GF Value™: A$0.69 vs. price of A$0.89 (29% above fair value)
Industry Position: 40% below the Metals & Mining median (#1958 of 2669)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
57GF Score
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