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Theta Gold MinesFRA:3LM +2.73%39 Equity-to-Asset is 0.44 as of Dec. 2025, which is 83% above its 10-year median of 0.24. GuruFocus rates FRA:3LM with a GF Score™ of 39/100. The stock has 2 warning signs investors should review. Among 2,672 Metals & Mining companies, Theta Gold Mines ranks worse than 76.01% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Theta Gold Mines's Total Stockholders Equity for the quarter that ended in Dec. 2025 was €16.64 Mil. Theta Gold Mines's Total Assets for the quarter that ended in Dec. 2025 was €37.95 Mil.
The historical rank and industry rank for Theta Gold Mines's Equity-to-Asset or its related term are showing as below:
FRA:3LM'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.25 Med: 0.24 Max: 0.5
Current: 0.44
During the past 13 years, the highest Equity to Asset Ratio of Theta Gold Mines was 0.50. The lowest was -0.25. And the median was 0.24.
FRA:3LM's Equity-to-Asset is ranked worse than 76.01% of 2672
companies
in the Metals & Mining industry
Industry Median: 0.8
vs FRA:3LM: 0.44
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%.
Theta Gold Mines Equity-to-Asset Related Terms
Theta Gold Mines Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Theta Gold Mines'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.
For the Gold subindustry, Theta Gold Mines'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.
Theta Gold Mines Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Theta Gold Mines's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Theta Gold Mines'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.
Theta Gold Mines'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.
Theta Gold Mines (FRA:3LM) has a Equity-to-Asset of 0.44 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Theta Gold Mines and its competitors. This is 83% above median its historical median of 0.24. According to the industry distribution chart, Theta Gold Mines ranks #2031 out of 2672 companies in the Metals & Mining industry, placing it in the top 76%.
Is Theta Gold Mines' Equity-to-Asset too high?
Theta Gold Mines' current Equity-to-Asset of 0.44 is 83% above median its 10-year median of 0.24. The Metals & Mining industry median Equity-to-Asset is 0.80. Theta Gold Mines' value of 0.44 is 45% below this industry median. Based on the distribution chart, Theta Gold Mines ranks #2031 out of 2672 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Theta Gold Mines has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Theta Gold Mines' Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Theta Gold Mines ranks #2031 out of 2672 companies for Equity-to-Asset. This places Theta Gold Mines in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Theta Gold Mines' value of 0.44 is 45% below this benchmark. While the company's 10-year median is 0.24 vs. the industry median of 0.80, Theta Gold Mines 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. Theta Gold Mines's current Equity-to-Asset of 0.44 is 45% 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 Theta Gold Mines 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. Theta Gold Mines's current Equity-to-Asset is 0.44, which is 83% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Theta Gold Mines stock overvalued right now?
Theta Gold Mines (FRA:3LM) has a current Equity-to-Asset of 0.44. The current Equity-to-Asset is 0.44, which is 83% above median its 10-year median of 0.24 and 45% below the Metals & Mining industry median of 0.80. Theta Gold Mines' overall GF Score™ is 39/100 with 2 warning signs 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 Theta Gold Mines (FRA:3LM), the current Equity-to-Asset is 0.44 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.
Theta Gold Mines Ltd is a gold exploration and development company. The company holds gold assets in the South African gold mining region. The projects of the company include the TGME Project near the historic gold mining town of Pilgrims Rest in Mpumalanga Province, and other projects.
39GF Score
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