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PT Merdeka Gold Resources TbkISX:EMAS +2.60%1 Equity-to-Asset is 0.46 as of Mar. 2026, which is 10% below its 10-year median of 0.51. GuruFocus rates ISX:EMAS with a GF Score™ of 1/100. The stock has 1 warning sign investors should review. Among 2,670 Metals & Mining companies, PT Merdeka Gold Resources Tbk ranks worse than 74.53% 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%.
PT Merdeka Gold Resources Tbk Equity-to-Asset Related Terms
PT Merdeka Gold Resources Tbk Equity-to-Asset Historical Data
* 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.
ISX:EMAS vs NEM, AU, RGLD: Equity-to-Asset Comparison
For the Gold subindustry, PT Merdeka Gold Resources Tbk'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.
PT Merdeka Gold Resources Tbk Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Merdeka Gold Resources Tbk's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where PT Merdeka Gold Resources Tbk'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.
* 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.
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a Equity-to-Asset of 0.46 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on PT Merdeka Gold Resources Tbk and its competitors. This is 10% below median its historical median of 0.51. Over the past decade, PT Merdeka Gold Resources Tbk's Equity-to-Asset has ranged from 0.46 to 0.79. According to the industry distribution chart, PT Merdeka Gold Resources Tbk ranks #1990 out of 2670 companies in the Metals & Mining industry, placing it in the top 74.5%.
Is PT Merdeka Gold Resources Tbk's Equity-to-Asset too high?
PT Merdeka Gold Resources Tbk's current Equity-to-Asset of 0.46 is 10% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.79. The Metals & Mining industry median Equity-to-Asset is 0.80. PT Merdeka Gold Resources Tbk's value of 0.46 is 42.5% below this industry median. Based on the distribution chart, PT Merdeka Gold Resources Tbk ranks #1990 out of 2670 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, PT Merdeka Gold Resources Tbk has a GF Score™ of 1/100, reflecting its overall financial health beyond just this single metric.
How does PT Merdeka Gold Resources Tbk's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, PT Merdeka Gold Resources Tbk ranks #1990 out of 2670 companies for Equity-to-Asset. This places PT Merdeka Gold Resources Tbk in the lower half of its industry. The industry median Equity-to-Asset is 0.80. PT Merdeka Gold Resources Tbk's value of 0.46 is 42.5% below this benchmark. Historically, PT Merdeka Gold Resources Tbk's own Equity-to-Asset has ranged from 0.46 to 0.79 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.80, PT Merdeka Gold Resources Tbk 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 2,670 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. PT Merdeka Gold Resources Tbk's current Equity-to-Asset of 0.46 is 42.5% 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 PT Merdeka Gold Resources Tbk 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. PT Merdeka Gold Resources Tbk's current Equity-to-Asset is 0.46, which is 10% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Merdeka Gold Resources Tbk stock overvalued right now?
PT Merdeka Gold Resources Tbk (ISX:EMAS) has a current Equity-to-Asset of 0.46. The current Equity-to-Asset is 0.46, which is 10% below median its 10-year median of 0.51 and 42.5% below the Metals & Mining industry median of 0.80. PT Merdeka Gold Resources Tbk's overall GF Score™ is 1/100 with 1 warning sign 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 PT Merdeka Gold Resources Tbk (ISX:EMAS), the current Equity-to-Asset is 0.46 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.
PT Merdeka Gold Resources Tbk operates as a holding company overseeing a group engaged in gold mining and associated minerals, processing operations, and other vertically integrated related activities. Its products include gold products in the form of semi-finished gold bars produced from gold mining and ore processing activities, by-products derived from the gold processing activities, including silver contained in the dore bullion, integrated mining services and activities, covering exploration, mining, processing, and initial refining activities conducted through EMAS Group, and supporting mining-related services, including mine management, mining infrastructure, and other related activities within a vertically integrated value chain. It operates in single segment.
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