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First Lithium MineralsFLMCF Equity-to-Asset is 0.35 as of Jun. 2026, which is 60% below its 10-year median of 0.87. The stock has 1 warning sign investors should review. Among 2,672 Metals & Mining companies, First Lithium Minerals ranks worse than 80.73% on this metric.
First Lithium Minerals (OTCPK:FLMCF) 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 Lithium Minerals Equity-to-Asset Related Terms
First Lithium Minerals Equity-to-Asset Historical Data
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The historical data trend for First Lithium Minerals'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.
First Lithium Minerals Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, First Lithium Minerals'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 Lithium Minerals Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, First Lithium Minerals's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where First Lithium Minerals's Equity-to-Asset falls into.
First Lithium Minerals 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 Lithium Minerals'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.
First Lithium Minerals (FLMCF) has a Equity-to-Asset of 0.35 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Lithium Minerals and its competitors. This is 60% below median its historical median of 0.87. According to the industry distribution chart, First Lithium Minerals ranks #2157 out of 2672 companies in the Metals & Mining industry, placing it in the top 80.7%.
Is First Lithium Minerals' Equity-to-Asset too high?
First Lithium Minerals' current Equity-to-Asset of 0.35 is 60% below median its 10-year median of 0.87. The Metals & Mining industry median Equity-to-Asset is 0.80. First Lithium Minerals' value of 0.35 is 56.3% below this industry median. Based on the distribution chart, First Lithium Minerals ranks #2157 out of 2672 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does First Lithium Minerals' Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, First Lithium Minerals ranks #2157 out of 2672 companies for Equity-to-Asset. This places First Lithium Minerals in the lower half of its industry. The industry median Equity-to-Asset is 0.80. First Lithium Minerals' value of 0.35 is 56.3% below this benchmark. While the company's 10-year median is 0.87 vs. the industry median of 0.80, First Lithium Minerals 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 2,672 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 Lithium Minerals's current Equity-to-Asset of 0.35 is 56.3% 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 First Lithium Minerals 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 Lithium Minerals's current Equity-to-Asset is 0.35, which is 60% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Lithium Minerals stock overvalued right now?
First Lithium Minerals (FLMCF) has a current Equity-to-Asset of 0.35. The current Equity-to-Asset is 0.35, which is 60% below median its 10-year median of 0.87 and 56.3% below the Metals & Mining industry median of 0.80. 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 Lithium Minerals (FLMCF), the current Equity-to-Asset is 0.35 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.
First Lithium Minerals Corp is a mineral exploration company. The company's projects include the OCA Project in Northern Chile, the LSL Project located in Ontario, the Lucia project in Chile, the Jenna project in Chile, the Senneville project in Quebec, and the Lidstone Project in Ontario.
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