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Anglogold AshantiHAM:HT3 -1.08%78 Equity-to-Asset is 0.54 as of Mar. 2026, which is 13% above its 10-year median of 0.48. GuruFocus rates HAM:HT3 with a GF Score™ of 78/100 and a GF Value™ of €48.36 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,666 Metals & Mining companies, Anglogold Ashanti ranks worse than 69.43% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Anglogold Ashanti's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €7,383 Mil. Anglogold Ashanti's Total Assets for the quarter that ended in Mar. 2026 was €13,585 Mil.
Therefore, Anglogold Ashanti's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.54.
The historical rank and industry rank for Anglogold Ashanti's Equity-to-Asset or its related term are showing as below:
HAM:HT3'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.48 Max: 0.54
Current: 0.54
During the past 13 years, the highest Equity to Asset Ratio of Anglogold Ashanti was 0.54. The lowest was 0.32. And the median was 0.48.
HAM:HT3's Equity-to-Asset is ranked worse than 69.43% of 2666
companies
in the Metals & Mining industry
Industry Median: 0.795
vs HAM:HT3: 0.54
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%.
Anglogold Ashanti Equity-to-Asset Related Terms
Anglogold Ashanti Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Anglogold Ashanti'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.
HAM:HT3 vs RGLD, CDE, AUGO: Equity-to-Asset Comparison
For the Gold subindustry, Anglogold Ashanti'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.
Anglogold Ashanti Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti'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.
Anglogold Ashanti'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.
Anglogold Ashanti (HAM:HT3) has a Equity-to-Asset of 0.54 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Anglogold Ashanti and its competitors. This is 13% above median its historical median of 0.48. Over the past decade, Anglogold Ashanti's Equity-to-Asset has ranged from 0.32 to 0.54. According to the industry distribution chart, Anglogold Ashanti ranks #1851 out of 2666 companies in the Metals & Mining industry, placing it in the top 69.4%.
Is Anglogold Ashanti's Equity-to-Asset too high?
Anglogold Ashanti's current Equity-to-Asset of 0.54 is 13% above median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.54. The Metals & Mining industry median Equity-to-Asset is 0.80. Anglogold Ashanti's value of 0.54 is 32.1% below this industry median. Based on the distribution chart, Anglogold Ashanti ranks #1851 out of 2666 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Anglogold Ashanti has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Equity-to-Asset compare to RGLD and CDE?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #1851 out of 2666 companies for Equity-to-Asset. This places Anglogold Ashanti in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Anglogold Ashanti's value of 0.54 is 32.1% below this benchmark. Historically, Anglogold Ashanti's own Equity-to-Asset has ranged from 0.32 to 0.54 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 0.80, Anglogold Ashanti 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 2,666 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. Anglogold Ashanti's current Equity-to-Asset of 0.54 is 32.1% 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 Anglogold Ashanti 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. Anglogold Ashanti's current Equity-to-Asset is 0.54, which is 13% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (HAM:HT3) is currently considered Significantly Overvalued. The stock's GF Value™ is €48.36, compared to a current price of €69.62 — trading 44% above its estimated fair value. The current Equity-to-Asset is 0.54, which is 13% above median its 10-year median of 0.48 and 32.1% below the Metals & Mining industry median of 0.80. Anglogold Ashanti's overall GF Score™ is 78/100 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 Anglogold Ashanti (HAM:HT3), the current Equity-to-Asset is 0.54 as of Mar. 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.
Is Anglogold Ashanti (HAM:HT3) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of €69.62 is trading 44% above its estimated GF Value™ of €48.36.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for HAM:HT3:
Equity-to-Asset: 0.54 (13% above median its 10-year median of 0.48)
GF Value™: €48.36 vs. price of €69.62 (44% above fair value)
Industry Position: 32.1% below the Metals & Mining median (#1851 of 2666)
No single metric tells the full story. See the HAM:HT3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
78GF Score
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