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Caledonia MiningCMCL 84 Equity-to-Asset is 0.52 as of Jun. 2026, which is 17% below its 10-year median of 0.63. GuruFocus rates CMCL with a GF Score™ of 84/100 and a GF Value™ of $22.77 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,669 Metals & Mining companies, Caledonia Mining ranks worse than 71.04% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Caledonia Mining's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $293.9 Mil. Caledonia Mining's Total Assets for the quarter that ended in Jun. 2026 was $562.5 Mil.
Therefore, Caledonia Mining's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.52.
The historical rank and industry rank for Caledonia Mining's Equity-to-Asset or its related term are showing as below:
CMCL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.49 Med: 0.63 Max: 0.87
Current: 0.52
During the past 13 years, the highest Equity to Asset Ratio of Caledonia Mining was 0.87. The lowest was 0.49. And the median was 0.63.
CMCL's Equity-to-Asset is ranked worse than 71.04% of 2669
companies
in the Metals & Mining industry
Industry Median: 0.8
vs CMCL: 0.52
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%.
Caledonia Mining Equity-to-Asset Related Terms
Caledonia Mining Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Caledonia Mining'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.
CMCL vs IDR, VGZ, USAU: Equity-to-Asset Comparison
For the Gold subindustry, Caledonia Mining'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.
Caledonia Mining Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Caledonia Mining'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.
Caledonia Mining'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.
Caledonia Mining (CMCL) has a Equity-to-Asset of 0.52 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Caledonia Mining and its competitors. This is 17% below median its historical median of 0.63. Over the past decade, Caledonia Mining's Equity-to-Asset has ranged from 0.49 to 0.87. According to the industry distribution chart, Caledonia Mining ranks #1896 out of 2669 companies in the Metals & Mining industry, placing it in the top 71%.
Is Caledonia Mining's Equity-to-Asset too high?
Caledonia Mining's current Equity-to-Asset of 0.52 is 17% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 0.87. The Metals & Mining industry median Equity-to-Asset is 0.80. Caledonia Mining's value of 0.52 is 35% below this industry median. Based on the distribution chart, Caledonia Mining ranks #1896 out of 2669 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Caledonia Mining has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's Equity-to-Asset compare to IDR and VGZ?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #1896 out of 2669 companies for Equity-to-Asset. This places Caledonia Mining in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Caledonia Mining's value of 0.52 is 35% below this benchmark. Historically, Caledonia Mining's own Equity-to-Asset has ranged from 0.49 to 0.87 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.80, Caledonia Mining 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. Caledonia Mining's current Equity-to-Asset of 0.52 is 35% 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 Caledonia Mining 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. Caledonia Mining's current Equity-to-Asset is 0.52, which is 17% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caledonia Mining stock overvalued right now?
Based on GuruFocus' analysis, Caledonia Mining (CMCL) is currently considered Fairly Valued. The stock's GF Value™ is $22.77, compared to a current price of $22.84 — trading 0.3% above its estimated fair value. The current Equity-to-Asset is 0.52, which is 17% below median its 10-year median of 0.63 and 35% below the Metals & Mining industry median of 0.80. Caledonia Mining's overall GF Score™ is 84/100 with 5 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 Caledonia Mining (CMCL), the current Equity-to-Asset is 0.52 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 Caledonia Mining (CMCL) Overvalued in 2026?
Based on GuruFocus' analysis, Caledonia Mining stock appears to be overvalued.
The current stock price of $22.84 is trading 0.3% above its estimated GF Value™ of $22.77.
GuruFocus considers Caledonia Mining to be Fairly Valued.
Key valuation signals for CMCL:
Equity-to-Asset: 0.52 (17% below median its 10-year median of 0.63)
GF Value™: $22.77 vs. price of $22.84 (0.3% above fair value)
Industry Position: 35% below the Metals & Mining median (#1896 of 2669)
No single metric tells the full story. See the CMCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's segment includes Blanket, South Africa, Bilboes Oxide mine, and E&E projects. The company generates the majority of its revenue from the Blanket project. The Blanket Mine is located in the south-west of Zimbabwe and operates at a depth of approximately 750 meters below the surface. Its project includes Maligreen and Motapa.
84GF Score
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