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Nickel 28 CapitalCONXF +5.35%38 Equity-to-Asset is 0.65 as of Apr. 2026, which is 12% above its 10-year median of 0.58. GuruFocus rates CONXF with a GF Score™ of 38/100. Among 2,665 Metals & Mining companies, Nickel 28 Capital ranks worse than 62.06% on this metric.
The historical rank and industry rank for Nickel 28 Capital's Equity-to-Asset or its related term are showing as below:
CONXF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35 Med: 0.58 Max: 0.65
Current: 0.65
During the past 7 years, the highest Equity to Asset Ratio of Nickel 28 Capital was 0.65. The lowest was 0.35. And the median was 0.58.
CONXF's Equity-to-Asset is ranked worse than 62.06% of 2665
companies
in the Metals & Mining industry
Industry Median: 0.8
vs CONXF: 0.65
Nickel 28 Capital (OTCPK:CONXF) 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%.
Nickel 28 Capital Equity-to-Asset Related Terms
Nickel 28 Capital Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Nickel 28 Capital'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.
Nickel 28 Capital Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nickel 28 Capital'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 28 Capital Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel 28 Capital's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nickel 28 Capital'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 28 Capital's Equity to Asset Ratio for the fiscal year that ended in Jan. 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.
Nickel 28 Capital (CONXF) has a Equity-to-Asset of 0.65 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nickel 28 Capital and its competitors. This is 12% above median its historical median of 0.58. Over the past decade, Nickel 28 Capital's Equity-to-Asset has ranged from 0.35 to 0.65. According to the industry distribution chart, Nickel 28 Capital ranks #1654 out of 2665 companies in the Metals & Mining industry, placing it in the top 62.1%.
Is Nickel 28 Capital's Equity-to-Asset too high?
Nickel 28 Capital's current Equity-to-Asset of 0.65 is 12% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 0.65. The Metals & Mining industry median Equity-to-Asset is 0.80. Nickel 28 Capital's value of 0.65 is 18.8% below this industry median. Based on the distribution chart, Nickel 28 Capital ranks #1654 out of 2665 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel 28 Capital has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Nickel 28 Capital's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel 28 Capital ranks #1654 out of 2665 companies for Equity-to-Asset. This places Nickel 28 Capital in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Nickel 28 Capital's value of 0.65 is 18.8% below this benchmark. Historically, Nickel 28 Capital's own Equity-to-Asset has ranged from 0.35 to 0.65 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 0.80, Nickel 28 Capital 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 2,665 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 28 Capital's current Equity-to-Asset of 0.65 is 18.8% 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 28 Capital 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 28 Capital's current Equity-to-Asset is 0.65, which is 12% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel 28 Capital stock overvalued right now?
Nickel 28 Capital (CONXF) has a current Equity-to-Asset of 0.65. The current Equity-to-Asset is 0.65, which is 12% above median its 10-year median of 0.58 and 18.8% below the Metals & Mining industry median of 0.80. Nickel 28 Capital's overall GF Score™ is 38/100. 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 Nickel 28 Capital (CONXF), the current Equity-to-Asset is 0.65 as of Apr. 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.
Nickel 28 Capital Corp is a base metals company offering direct exposure to nickel and cobalt. The Company holds a joint-venture interest in the producing Ramu Nickel-Cobalt Operation in Papua New Guinea and manages a portfolio of nickel and cobalt royalties in projects in Canada, Australia, and Papua New Guinea, including royalties in the Dumont nickel project in Quebec and the Turnagain nickel project in British Columbia. The Company is engaged in the management and acquisition of joint venture and royalty interests in the nickel and cobalt sectors. Its primary focus is on opportunities that could provide shareholders with near-term cash flow and royalties on production and exploration-stage nickel and/or cobalt properties. The Company operates in Canada and Asia Pacific.
38GF Score
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