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Comet RidgeCOMRF 34 Equity-to-Asset is 0.62 as of Dec. 2025, which is 5% below its 10-year median of 0.65. GuruFocus rates COMRF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 1,025 Oil & Gas companies, Comet Ridge ranks better than 66.63% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Comet Ridge's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $51.97 Mil. Comet Ridge's Total Assets for the quarter that ended in Dec. 2025 was $83.25 Mil.
The historical rank and industry rank for Comet Ridge's Equity-to-Asset or its related term are showing as below:
COMRF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44 Med: 0.65 Max: 0.72
Current: 0.62
During the past 13 years, the highest Equity to Asset Ratio of Comet Ridge was 0.72. The lowest was 0.44. And the median was 0.65.
COMRF's Equity-to-Asset is ranked better than 66.63% of 1025
companies
in the Oil & Gas industry
Industry Median: 0.49
vs COMRF: 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%.
Comet Ridge Equity-to-Asset Related Terms
Comet Ridge Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Comet Ridge'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.
COMRF vs COP, EOG, FANG: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Comet Ridge'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.
Comet Ridge Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Comet Ridge's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Comet Ridge'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.
Comet Ridge'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.
Comet Ridge (COMRF) has a Equity-to-Asset of 0.62 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Comet Ridge and its competitors. This is near median its historical median of 0.65. Over the past decade, Comet Ridge's Equity-to-Asset has ranged from 0.44 to 0.72. According to the industry distribution chart, Comet Ridge ranks #342 out of 1025 companies in the Oil & Gas industry, placing it in the top 33.4%.
Is Comet Ridge's Equity-to-Asset too high?
Comet Ridge's 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 0.44 to a high of 0.72. The Oil & Gas industry median Equity-to-Asset is 0.49. Comet Ridge's value of 0.62 is 26.5% above this industry median. Based on the distribution chart, Comet Ridge ranks #342 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Comet Ridge has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Comet Ridge's Equity-to-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Comet Ridge ranks #342 out of 1025 companies for Equity-to-Asset. This puts Comet Ridge in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Comet Ridge's value of 0.62 is 26.5% above this benchmark. Historically, Comet Ridge's own Equity-to-Asset has ranged from 0.44 to 0.72 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 0.49, Comet Ridge 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 an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,025 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. Comet Ridge's current Equity-to-Asset of 0.62 is 26.5% 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 Comet Ridge and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comet Ridge'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 Comet Ridge stock overvalued right now?
Comet Ridge (COMRF) has a current Equity-to-Asset of 0.62. The current Equity-to-Asset is 0.62, which is near median its 10-year median of 0.65 and 26.5% above the Oil & Gas industry median of 0.49. Comet Ridge's overall GF Score™ is 34/100 with 1 warning sign 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 Comet Ridge (COMRF), the current Equity-to-Asset is 0.62 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.
Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.
34GF Score
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