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Western Mines GroupASX:WMG 26 Equity-to-Asset is 0.95 as of Dec. 2025, which is 3% above its 10-year median of 0.92. GuruFocus rates ASX:WMG with a GF Score™ of 26/100. Among 2,680 Metals & Mining companies, Western Mines Group ranks better than 78.88% on this metric.
Western Mines Group (ASX:WMG) 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%.
Western Mines Group Equity-to-Asset Related Terms
Western Mines Group Equity-to-Asset Historical Data
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The historical data trend for Western Mines Group'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, Western Mines Group'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.
Western Mines Group Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Western Mines Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Western Mines Group'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.
Western Mines Group'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.
Western Mines Group (ASX:WMG) has a Equity-to-Asset of 0.95 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Western Mines Group and its competitors. This is near median its historical median of 0.92. Over the past decade, Western Mines Group's Equity-to-Asset has ranged from 0.82 to 0.98. According to the industry distribution chart, Western Mines Group ranks #566 out of 2680 companies in the Metals & Mining industry, placing it in the top 21.1%.
Is Western Mines Group's Equity-to-Asset too high?
Western Mines Group's current Equity-to-Asset of 0.95 is near median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 0.98. The Metals & Mining industry median Equity-to-Asset is 0.81. Western Mines Group's value of 0.95 is 18% above this industry median. Based on the distribution chart, Western Mines Group ranks #566 out of 2680 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Western Mines Group has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Western Mines Group's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Western Mines Group ranks #566 out of 2680 companies for Equity-to-Asset. This places Western Mines Group in the top 21% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.81. Western Mines Group's value of 0.95 is 18% above this benchmark. Historically, Western Mines Group's own Equity-to-Asset has ranged from 0.82 to 0.98 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.81, Western Mines Group 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 0.81, based on 2,680 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. Western Mines Group's current Equity-to-Asset of 0.95 is 18% 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 Western Mines Group 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. Western Mines Group's current Equity-to-Asset is 0.95, which is near median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Mines Group stock overvalued right now?
Western Mines Group (ASX:WMG) has a current Equity-to-Asset of 0.95. The current Equity-to-Asset is 0.95, which is near median its 10-year median of 0.92 and 18% above the Metals & Mining industry median of 0.81. Western Mines Group's overall GF Score™ is 26/100. 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 Western Mines Group (ASX:WMG), the current Equity-to-Asset is 0.95 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.
Western Mines Group Ltd is a mineral exploration company based in Western Australia. It focuses on exploring for gold and nickel sulphide deposits across various prospective projects located in several mineral belts of the region. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project. The company's primary project centers on an ultramafic complex known for nickel, cobalt, copper, and platinum group elements. Western Mines Group aims to discover and develop mineral resources to create long-term value through its portfolio of exploration initiatives. The company operates within Australia's mining sector.
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