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Hemlo MiningHMMCF +11.68%28 Equity-to-Asset is 0.34 as of Mar. 2026, which is 38% below its 10-year median of 0.55. GuruFocus rates HMMCF with a GF Score™ of 28/100. The stock has 5 warning signs investors should review. Among 2,674 Metals & Mining companies, Hemlo Mining ranks worse than 81.19% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Hemlo Mining's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $573.1 Mil. Hemlo Mining's Total Assets for the quarter that ended in Mar. 2026 was $1,712.5 Mil.
Therefore, Hemlo Mining's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.34.
The historical rank and industry rank for Hemlo Mining's Equity-to-Asset or its related term are showing as below:
HMMCF'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.15 Med: 0.55 Max: 1
Current: 0.34
During the past 13 years, the highest Equity to Asset Ratio of Hemlo Mining was 1.00. The lowest was -0.15. And the median was 0.55.
HMMCF's Equity-to-Asset is ranked worse than 81.19% of 2674
companies
in the Metals & Mining industry
Industry Median: 0.795
vs HMMCF: 0.34
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%.
Hemlo Mining Equity-to-Asset Related Terms
Hemlo Mining Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Hemlo Mining'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, Hemlo 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.
Hemlo Mining Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hemlo Mining's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Hemlo Mining'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.
Hemlo Mining'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.
Hemlo Mining (HMMCF) has a Equity-to-Asset of 0.34 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Hemlo Mining and its competitors. This is 38% below median its historical median of 0.55. According to the industry distribution chart, Hemlo Mining ranks #2171 out of 2674 companies in the Metals & Mining industry, placing it in the top 81.2%.
Is Hemlo Mining's Equity-to-Asset too high?
Hemlo Mining's current Equity-to-Asset of 0.34 is 38% below median its 10-year median of 0.55. The Metals & Mining industry median Equity-to-Asset is 0.80. Hemlo Mining's value of 0.34 is 57.2% below this industry median. Based on the distribution chart, Hemlo Mining ranks #2171 out of 2674 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Hemlo Mining has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Hemlo Mining's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Hemlo Mining ranks #2171 out of 2674 companies for Equity-to-Asset. This places Hemlo Mining in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Hemlo Mining's value of 0.34 is 57.2% below this benchmark. While the company's 10-year median is 0.55 vs. the industry median of 0.80, Hemlo Mining 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 2,674 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. Hemlo Mining's current Equity-to-Asset of 0.34 is 57.2% 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 Hemlo Mining 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. Hemlo Mining's current Equity-to-Asset is 0.34, which is 38% below median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hemlo Mining stock overvalued right now?
Hemlo Mining (HMMCF) has a current Equity-to-Asset of 0.34. The current Equity-to-Asset is 0.34, which is 38% below median its 10-year median of 0.55 and 57.2% below the Metals & Mining industry median of 0.80. Hemlo Mining's overall GF Score™ is 28/100 with 5 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 Hemlo Mining (HMMCF), the current Equity-to-Asset is 0.34 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.
Hemlo Mining Corp is a Canadian gold producer focused on the production and sale of gold, as well as related activities such as mine development and exploration. It owns the Hemlo Mine, which is a long-life, fully integrated gold mining operation located east of the town of Marathon in northwestern Ontario, Canada, along the Trans-Canada Highway and just north of Lake Superior. The Hemlo Mine produces gold from both underground and open-pit operations.
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