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Sixty North Gold MiningFRA:2F40 +10.88%34 Equity-to-Asset is 0.84 as of Apr. 2026, which is 12% below its 10-year median of 0.95. GuruFocus rates FRA:2F40 with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 2,681 Metals & Mining companies, Sixty North Gold Mining ranks better than 54.76% on this metric.
Sixty North Gold Mining (FRA:2F40) 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%.
Sixty North Gold Mining Equity-to-Asset Related Terms
Sixty North Gold Mining 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.
For the Gold subindustry, Sixty North Gold 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.
Sixty North Gold Mining Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Sixty North Gold Mining's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Sixty North Gold Mining's Equity-to-Asset falls into.
Sixty North Gold Mining 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.
Sixty North Gold Mining's Equity to Asset Ratio for the fiscal year that ended in Oct. 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.
Sixty North Gold Mining (FRA:2F40) has a Equity-to-Asset of 0.84 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Sixty North Gold Mining and its competitors. This is 12% below median its historical median of 0.95. Over the past decade, Sixty North Gold Mining's Equity-to-Asset has ranged from 0.84 to 1.00. According to the industry distribution chart, Sixty North Gold Mining ranks #1213 out of 2681 companies in the Metals & Mining industry, placing it in the top 45.2%.
Is Sixty North Gold Mining's Equity-to-Asset too high?
Sixty North Gold Mining's current Equity-to-Asset of 0.84 is 12% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.84 to a high of 1.00. The Metals & Mining industry median Equity-to-Asset is 0.81. Sixty North Gold Mining's value of 0.84 is 3.7% above this industry median. Based on the distribution chart, Sixty North Gold Mining ranks #1213 out of 2681 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Sixty North Gold Mining has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Sixty North Gold Mining's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Sixty North Gold Mining ranks #1213 out of 2681 companies for Equity-to-Asset. This puts Sixty North Gold Mining in the upper half of its industry. The industry median Equity-to-Asset is 0.81. Sixty North Gold Mining's value of 0.84 is 3.7% above this benchmark. Historically, Sixty North Gold Mining's own Equity-to-Asset has ranged from 0.84 to 1.00 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.81, Sixty North Gold Mining 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 0.81, based on 2,681 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. Sixty North Gold Mining's current Equity-to-Asset of 0.84 is 3.7% 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 Sixty North Gold Mining and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sixty North Gold Mining's current Equity-to-Asset is 0.84, which is 12% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sixty North Gold Mining stock overvalued right now?
Sixty North Gold Mining (FRA:2F40) has a current Equity-to-Asset of 0.84. The current Equity-to-Asset is 0.84, which is 12% below median its 10-year median of 0.95 and 3.7% above the Metals & Mining industry median of 0.81. Sixty North Gold Mining'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 Sixty North Gold Mining (FRA:2F40), the current Equity-to-Asset is 0.84 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.
Sixty North Gold Mining Ltd is engaged in the acquisition and exploration of mineral property assets. The company entered into a mineral property earn-in agreement with New Discovery Mines. The projects of the company include the development and exploration of the Mon Gold Property.
34GF Score
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