Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Independence GoldIEGCF +7.39%30 Equity-to-Asset is 0.81 as of Jun. 2026, which is 12% below its 10-year median of 0.92. GuruFocus rates IEGCF with a GF Score™ of 30/100. The stock has 2 warning signs investors should review. Among 2,673 Metals & Mining companies, Independence Gold ranks better than 51.52% on this metric.
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%.
Independence Gold Equity-to-Asset Related Terms
Independence Gold Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Independence 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, Independence 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.
Independence Gold Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Independence Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Independence 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.
Independence Gold'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.
Independence Gold (IEGCF) has a Equity-to-Asset of 0.81 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Independence Gold and its competitors. This is 12% below median its historical median of 0.92. Over the past decade, Independence Gold's Equity-to-Asset has ranged from 0.78 to 0.99. According to the industry distribution chart, Independence Gold ranks #1296 out of 2673 companies in the Metals & Mining industry, placing it in the top 48.5%.
Is Independence Gold's Equity-to-Asset too high?
Independence Gold's current Equity-to-Asset of 0.81 is 12% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 0.99. The Metals & Mining industry median Equity-to-Asset is 0.80. Independence Gold's value of 0.81 is 1.3% above this industry median. Based on the distribution chart, Independence Gold ranks #1296 out of 2673 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Independence Gold has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Independence Gold's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Independence Gold ranks #1296 out of 2673 companies for Equity-to-Asset. This puts Independence Gold in the upper half of its industry. The industry median Equity-to-Asset is 0.80. Independence Gold's value of 0.81 is 1.3% above this benchmark. Historically, Independence Gold's own Equity-to-Asset has ranged from 0.78 to 0.99 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 0.80, Independence 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 2,673 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. Independence Gold's current Equity-to-Asset of 0.81 is 1.3% 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 Independence 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. Independence Gold's current Equity-to-Asset is 0.81, which is 12% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independence Gold stock overvalued right now?
Independence Gold (IEGCF) has a current Equity-to-Asset of 0.81. The current Equity-to-Asset is 0.81, which is 12% below median its 10-year median of 0.92 and 1.3% above the Metals & Mining industry median of 0.80. Independence Gold's overall GF Score™ is 30/100 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 Independence Gold (IEGCF), the current Equity-to-Asset is 0.81 as of Jun. 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.
Independence Gold Corp is a mineral exploration company. Its holdings range from early-stage grassroots exploration to further resource expansion in British Columbia and Yukon. Its BC properties include 3Ts Project, Merit Property, Nicoamen Property, Anita Property, and Yukon properties include Boulevard Project, Moosehorn Project. It has one segment, which is the acquisition, exploration, and evaluation of mineral properties in North America.
30GF Score
Get the complete analysis for IEGCF
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
IEGCF has been successfully added to your 
