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First Atlantic NickelbaltFANCF -2.94%35 Equity-to-Asset is 0.81 as of Apr. 2026, which is 21% above its 10-year median of 0.67. GuruFocus rates FANCF with a GF Score™ of 35/100. Among 2,669 Metals & Mining companies, First Atlantic Nickelbalt ranks better than 51.52% on this metric.
First Atlantic Nickelbalt (OTCPK:FANCF) 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%.
First Atlantic Nickelbalt Equity-to-Asset Related Terms
First Atlantic Nickelbalt Equity-to-Asset Historical Data
* 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.
First Atlantic Nickelbalt Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, First Atlantic Nickelbalt'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.
First Atlantic Nickelbalt Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Atlantic Nickelbalt's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Atlantic Nickelbalt's Equity-to-Asset falls into.
First Atlantic Nickelbalt Equity-to-Asset Calculation
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.
First Atlantic Nickelbalt'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.
First Atlantic Nickelbalt (FANCF) has a Equity-to-Asset of 0.81 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Atlantic Nickelbalt and its competitors. This is 21% above median its historical median of 0.67. According to the industry distribution chart, First Atlantic Nickelbalt ranks #1294 out of 2669 companies in the Metals & Mining industry, placing it in the top 48.5%.
Is First Atlantic Nickelbalt's Equity-to-Asset too high?
First Atlantic Nickelbalt's current Equity-to-Asset of 0.81 is 21% above median its 10-year median of 0.67. The Metals & Mining industry median Equity-to-Asset is 0.80. First Atlantic Nickelbalt's value of 0.81 is 1.3% above this industry median. Based on the distribution chart, First Atlantic Nickelbalt ranks #1294 out of 2669 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, First Atlantic Nickelbalt has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does First Atlantic Nickelbalt's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, First Atlantic Nickelbalt ranks #1294 out of 2669 companies for Equity-to-Asset. This puts First Atlantic Nickelbalt in the upper half of its industry. The industry median Equity-to-Asset is 0.80. First Atlantic Nickelbalt's value of 0.81 is 1.3% above this benchmark. While the company's 10-year median is 0.67 vs. the industry median of 0.80, First Atlantic Nickelbalt 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 0.80, 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. First Atlantic Nickelbalt's current Equity-to-Asset of 0.81 is 1.3% 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 First Atlantic Nickelbalt 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. First Atlantic Nickelbalt's current Equity-to-Asset is 0.81, which is 21% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Atlantic Nickelbalt stock overvalued right now?
First Atlantic Nickelbalt (FANCF) has a current Equity-to-Asset of 0.81. The current Equity-to-Asset is 0.81, which is 21% above median its 10-year median of 0.67 and 1.3% above the Metals & Mining industry median of 0.80. First Atlantic Nickelbalt's overall GF Score™ is 35/100. 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 First Atlantic Nickelbalt (FANCF), the current Equity-to-Asset is 0.81 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.
First Atlantic Nickel & Cobalt Corp is engaged in the identification, evaluation and acquisition of mineral properties in Canada. The Company owned a 100% interest in, or held options to acquire the Voisey's West Property, Rey Lake Property, Lucky Mike Mineral Property, Pipestone XL, Atlantis Project and the Ophiolite X Project.
35GF Score
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