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Leading Edge MaterialsLEMIF +6.80%21 Equity-to-Asset is 0.79 as of Apr. 2026, which is 5% above its 10-year median of 0.75. GuruFocus rates LEMIF with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 2,675 Metals & Mining companies, Leading Edge Materials ranks better than 50.17% on this metric.
Leading Edge Materials (OTCPK:LEMIF) Equity-to-Asset Explanation
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%.
Leading Edge Materials Equity-to-Asset Related Terms
Leading Edge Materials Equity-to-Asset Historical Data
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The historical data trend for Leading Edge Materials'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.
Leading Edge Materials Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Leading Edge Materials'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.
Leading Edge Materials Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Leading Edge Materials's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Leading Edge Materials's Equity-to-Asset falls into.
Leading Edge Materials Equity-to-Asset Calculation
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.
Leading Edge Materials's Equity to Asset Ratio for the fiscal year that ended in Oct. 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.
Leading Edge Materials (LEMIF) has a Equity-to-Asset of 0.79 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Leading Edge Materials and its competitors. This is near median its historical median of 0.75. Over the past decade, Leading Edge Materials' Equity-to-Asset has ranged from 0.57 to 0.80. According to the industry distribution chart, Leading Edge Materials ranks #1333 out of 2675 companies in the Metals & Mining industry, placing it in the top 49.8%.
Is Leading Edge Materials' Equity-to-Asset too high?
Leading Edge Materials' current Equity-to-Asset of 0.79 is near median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 0.80. The Metals & Mining industry median Equity-to-Asset is 0.79. Leading Edge Materials' value of 0.79 is 0% at this industry median. Based on the distribution chart, Leading Edge Materials ranks #1333 out of 2675 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Leading Edge Materials has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Leading Edge Materials' Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Leading Edge Materials ranks #1333 out of 2675 companies for Equity-to-Asset. This puts Leading Edge Materials in the upper half of its industry. The industry median Equity-to-Asset is 0.79. Leading Edge Materials' value of 0.79 is 0% at this benchmark. Historically, Leading Edge Materials' own Equity-to-Asset has ranged from 0.57 to 0.80 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.79, Leading Edge Materials has consistently been at 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 0.79, based on 2,675 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. Leading Edge Materials's current Equity-to-Asset of 0.79 is 0% at 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 Leading Edge Materials and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leading Edge Materials's current Equity-to-Asset is 0.79, which is near median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leading Edge Materials stock overvalued right now?
Leading Edge Materials (LEMIF) has a current Equity-to-Asset of 0.79. The current Equity-to-Asset is 0.79, which is near median its 10-year median of 0.75 and 0% at the Metals & Mining industry median of 0.79. Leading Edge Materials' overall GF Score™ is 21/100 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 Leading Edge Materials (LEMIF), the current Equity-to-Asset is 0.79 as of Apr. 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.
Leading Edge Materials Corp is involved in the exploration and development of resource properties in Sweden with corporate operations in Canada. It is focused on developing a portfolio of critical raw material projects located in the European Union. The portfolio of projects includes the Woxna Graphite mine (Sweden), the Norra Karr Heavy Rare Earths Elements (HREE) project (Sweden) and the Bihor Sud Nickel Cobalt exploration alliance (Romania).
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