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Westgold ResourcesASX:WGX -3.43%79 Equity-to-Asset is 0.62 as of Jun. 2026, which is 5% below its 10-year median of 0.65. GuruFocus rates ASX:WGX with a GF Score™ of 79/100 and a GF Value™ of A$5.09 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,681 Metals & Mining companies, Westgold Resources ranks worse than 64.94% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Westgold Resources's Total Stockholders Equity for the quarter that ended in Jun. 2026 was A$2,368 Mil. Westgold Resources's Total Assets for the quarter that ended in Jun. 2026 was A$3,820 Mil.
Therefore, Westgold Resources's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.62.
The historical rank and industry rank for Westgold Resources's Equity-to-Asset or its related term are showing as below:
ASX:WGX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.65 Max: 0.74
Current: 0.62
During the past 10 years, the highest Equity to Asset Ratio of Westgold Resources was 0.74. The lowest was 0.58. And the median was 0.65.
ASX:WGX's Equity-to-Asset is ranked worse than 64.94% of 2681
companies
in the Metals & Mining industry
Industry Median: 0.81
vs ASX:WGX: 0.62
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%.
Westgold Resources Equity-to-Asset Related Terms
Westgold Resources Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Westgold 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.
For the Gold subindustry, Westgold 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.
Westgold Resources Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Westgold Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Westgold 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.
Westgold Resources'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.
Westgold Resources (ASX:WGX) has a Equity-to-Asset of 0.62 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Westgold Resources and its competitors. This is near median its historical median of 0.65. Over the past decade, Westgold Resources' Equity-to-Asset has ranged from 0.58 to 0.74. According to the industry distribution chart, Westgold Resources ranks #1741 out of 2681 companies in the Metals & Mining industry, placing it in the top 64.9%.
Is Westgold Resources' Equity-to-Asset too high?
Westgold Resources' current Equity-to-Asset of 0.62 is near median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 0.74. The Metals & Mining industry median Equity-to-Asset is 0.81. Westgold Resources' value of 0.62 is 23.5% below this industry median. Based on the distribution chart, Westgold Resources ranks #1741 out of 2681 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Westgold Resources has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Westgold Resources' Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Westgold Resources ranks #1741 out of 2681 companies for Equity-to-Asset. This places Westgold Resources in the lower half of its industry. The industry median Equity-to-Asset is 0.81. Westgold Resources' value of 0.62 is 23.5% below this benchmark. Historically, Westgold Resources' own Equity-to-Asset has ranged from 0.58 to 0.74 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.81, Westgold 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 Metals & Mining company?
The median Equity-to-Asset among Metals & Mining companies is 0.81, based on 2,681 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. Westgold Resources's current Equity-to-Asset of 0.62 is 23.5% 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 Westgold Resources 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. Westgold Resources's current Equity-to-Asset is 0.62, which is near median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westgold Resources stock overvalued right now?
Based on GuruFocus' analysis, Westgold Resources (ASX:WGX) is currently considered Modestly Overvalued. The stock's GF Value™ is A$5.09, compared to a current price of A$5.63 — trading 10.6% above its estimated fair value. The current Equity-to-Asset is 0.62, which is near median its 10-year median of 0.65 and 23.5% below the Metals & Mining industry median of 0.81. Westgold Resources' overall GF Score™ is 79/100 with 2 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 Westgold Resources (ASX:WGX), the current Equity-to-Asset is 0.62 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.
Is Westgold Resources (ASX:WGX) Overvalued in 2026?
Based on GuruFocus' analysis, Westgold Resources stock appears to be overvalued.
The current stock price of A$5.63 is trading 10.6% above its estimated GF Value™ of A$5.09.
GuruFocus considers Westgold Resources to be Modestly Overvalued.
Key valuation signals for ASX:WGX:
Equity-to-Asset: 0.62 (near median its 10-year median of 0.65)
GF Value™: A$5.09 vs. price of A$5.63 (10.6% above fair value)
Industry Position: 23.5% below the Metals & Mining median (#1741 of 2681)
No single metric tells the full story. See the ASX:WGX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Westgold Resources Ltd is a gold producer with a large and strategic landholding across two of Western Australia's prolific gold regions, the Murchison and the Southern Goldfields. The group has acquired several square kilometers of land holdings and operates multiple underground mines and four processing hubs across these regions. Its reportable segments are: Murchison and Southern Goldfields. The majority of the group's revenue is generated from the Murchison segment, which incorporates the operations of its three processing hubs at Cue, Meekatharra, and Fortnum. The group generates maximum revenue from the sale of gold at spot, and the rest from the sale of silver.
79GF Score
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