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Headwater GoldFRA:997 +0.52%22 Equity-to-Asset is 0.83 as of Feb. 2026, which is 9% below its 10-year median of 0.91. GuruFocus rates FRA:997 with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 2,675 Metals & Mining companies, Headwater Gold ranks better than 53.2% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Headwater Gold's Total Stockholders Equity for the quarter that ended in Feb. 2026 was €4.24 Mil. Headwater Gold's Total Assets for the quarter that ended in Feb. 2026 was €5.14 Mil.
The historical rank and industry rank for Headwater Gold's Equity-to-Asset or its related term are showing as below:
FRA:997'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.58 Med: 0.91 Max: 0.95
Current: 0.83
During the past 7 years, the highest Equity to Asset Ratio of Headwater Gold was 0.95. The lowest was 0.58. And the median was 0.91.
FRA:997's Equity-to-Asset is ranked better than 53.2% of 2675
companies
in the Metals & Mining industry
Industry Median: 0.8
vs FRA:997: 0.83
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%.
Headwater Gold Equity-to-Asset Related Terms
Headwater Gold Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Headwater Gold'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, Headwater Gold'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.
Headwater Gold Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Headwater Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Headwater Gold'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.
Headwater Gold's Equity to Asset Ratio for the fiscal year that ended in Feb. 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.
Headwater Gold (FRA:997) has a Equity-to-Asset of 0.83 as of Feb. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Headwater Gold and its competitors. This is near median its historical median of 0.91. Over the past decade, Headwater Gold's Equity-to-Asset has ranged from 0.58 to 0.95. According to the industry distribution chart, Headwater Gold ranks #1252 out of 2675 companies in the Metals & Mining industry, placing it in the top 46.8%.
Is Headwater Gold's Equity-to-Asset too high?
Headwater Gold's current Equity-to-Asset of 0.83 is near median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 0.95. The Metals & Mining industry median Equity-to-Asset is 0.80. Headwater Gold's value of 0.83 is 3.7% above this industry median. Based on the distribution chart, Headwater Gold ranks #1252 out of 2675 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Headwater Gold has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Headwater Gold's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Headwater Gold ranks #1252 out of 2675 companies for Equity-to-Asset. This puts Headwater Gold in the upper half of its industry. The industry median Equity-to-Asset is 0.80. Headwater Gold's value of 0.83 is 3.7% above this benchmark. Historically, Headwater Gold's own Equity-to-Asset has ranged from 0.58 to 0.95 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.80, Headwater Gold 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 2,675 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. Headwater Gold's current Equity-to-Asset of 0.83 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 Headwater Gold 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. Headwater Gold's current Equity-to-Asset is 0.83, which is near median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Headwater Gold stock overvalued right now?
Headwater Gold (FRA:997) has a current Equity-to-Asset of 0.83. The current Equity-to-Asset is 0.83, which is near median its 10-year median of 0.91 and 3.7% above the Metals & Mining industry median of 0.80. Headwater Gold's overall GF Score™ is 22/100 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 Headwater Gold (FRA:997), the current Equity-to-Asset is 0.83 as of Feb. 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.
Headwater Gold Inc is a mineral exploration company focused on exploring high-grade precious metal deposits in the Western USA. It has acquired interests in a portfolio of mineral projects in Idaho and Nevada, and also holds other mineral projects through third-party agreements and property options, and certain projects are subject to NSRs. The company's project portfolio includes the Mahogany, Agate Point, Midas North, and Spring Peak projects.
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