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Horizon OilFRA:HOJ -1.60%52 Equity-to-Asset is 0.28 as of Dec. 2025, which is 33% below its 10-year median of 0.42. GuruFocus rates FRA:HOJ with a GF Score™ of 52/100 and a GF Value™ of €0.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,030 Oil & Gas companies, Horizon Oil ranks worse than 74.27% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Horizon Oil's Total Stockholders Equity for the quarter that ended in Dec. 2025 was €44.44 Mil. Horizon Oil's Total Assets for the quarter that ended in Dec. 2025 was €160.29 Mil.
Therefore, Horizon Oil's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.28.
The historical rank and industry rank for Horizon Oil's Equity-to-Asset or its related term are showing as below:
FRA:HOJ'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.28 Med: 0.42 Max: 0.59
Current: 0.28
During the past 13 years, the highest Equity to Asset Ratio of Horizon Oil was 0.59. The lowest was 0.28. And the median was 0.42.
FRA:HOJ's Equity-to-Asset is ranked worse than 74.27% of 1030
companies
in the Oil & Gas industry
Industry Median: 0.49
vs FRA:HOJ: 0.28
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%.
Horizon Oil Equity-to-Asset Related Terms
Horizon Oil Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Horizon Oil'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.
FRA:HOJ vs COP, EOG, FANG: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Horizon Oil'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.
Horizon Oil Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Horizon Oil's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Horizon Oil'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.
Horizon Oil'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.
Horizon Oil (FRA:HOJ) has a Equity-to-Asset of 0.28 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Horizon Oil and its competitors. This is 33% below median its historical median of 0.42. Over the past decade, Horizon Oil's Equity-to-Asset has ranged from 0.28 to 0.59. According to the industry distribution chart, Horizon Oil ranks #765 out of 1030 companies in the Oil & Gas industry, placing it in the top 74.3%.
Is Horizon Oil's Equity-to-Asset too high?
Horizon Oil's current Equity-to-Asset of 0.28 is 33% below median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.59. The Oil & Gas industry median Equity-to-Asset is 0.49. Horizon Oil's value of 0.28 is 42.9% below this industry median. Based on the distribution chart, Horizon Oil ranks #765 out of 1030 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Horizon Oil has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horizon Oil's Equity-to-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Horizon Oil ranks #765 out of 1030 companies for Equity-to-Asset. This places Horizon Oil in the lower half of its industry. The industry median Equity-to-Asset is 0.49. Horizon Oil's value of 0.28 is 42.9% below this benchmark. Historically, Horizon Oil's own Equity-to-Asset has ranged from 0.28 to 0.59 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.49, Horizon Oil 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 an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,030 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. Horizon Oil's current Equity-to-Asset of 0.28 is 42.9% 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 Horizon Oil and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horizon Oil's current Equity-to-Asset is 0.28, which is 33% below median its own 10-year median of 0.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horizon Oil stock overvalued right now?
Based on GuruFocus' analysis, Horizon Oil (FRA:HOJ) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.09, compared to a current price of €0.12 — trading 36.7% above its estimated fair value. The current Equity-to-Asset is 0.28, which is 33% below median its 10-year median of 0.42 and 42.9% below the Oil & Gas industry median of 0.49. Horizon Oil's overall GF Score™ is 52/100 with 6 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 Horizon Oil (FRA:HOJ), the current Equity-to-Asset is 0.28 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.
Is Horizon Oil (FRA:HOJ) Overvalued in 2026?
Based on GuruFocus' analysis, Horizon Oil stock appears to be overvalued.
The current stock price of €0.12 is trading 36.7% above its estimated GF Value™ of €0.09.
GuruFocus considers Horizon Oil to be Significantly Overvalued.
Key valuation signals for FRA:HOJ:
Equity-to-Asset: 0.28 (33% below median its 10-year median of 0.42)
GF Value™: €0.09 vs. price of €0.12 (36.7% above fair value)
Industry Position: 42.9% below the Oil & Gas median (#765 of 1030)
No single metric tells the full story. See the FRA:HOJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company operates in three segments: China development, New Zealand development, and Australia development. It generates maximum revenue from the China development segment, which is involved in developing and producing crude oil from the Block 22/12-WZ6-12, WZ12-8W and WZ12-8E oil field developments and in the exploration and evaluation of hydrocarbons within Block 22/12. The New Zealand development segment is currently involved in developing and producing crude oil from the Maari/Manaia oil field development, and the Australia development segment is engaged in developing and producing oil and gas from the Mereenie OL4 and OL5 oil and gas fields.
52GF Score
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