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Magellan Copper and GoldMAGE Equity-to-Asset is -83.89 as of Mar. 2026. The stock has 1 warning sign investors should review. Among 2,670 Metals & Mining companies, Magellan Copper and Gold ranks worse than 98.99% on this metric.
Magellan Copper and Gold (OTCPK:MAGE) 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%.
Magellan Copper and Gold Equity-to-Asset Related Terms
Magellan Copper and Gold 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.
MAGE vs GKOR, PGOL, ALGLF: Equity-to-Asset Comparison
For the Gold subindustry, Magellan Copper and 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.
Magellan Copper and Gold Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Magellan Copper and Gold's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Magellan Copper and Gold's Equity-to-Asset falls into.
Magellan Copper and Gold 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.
Magellan Copper and 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.
Magellan Copper and Gold (MAGE) has a Equity-to-Asset of -83.89 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Magellan Copper and Gold and its competitors. According to the industry distribution chart, Magellan Copper and Gold ranks #2643 out of 2670 companies in the Metals & Mining industry, placing it in the top 99%.
Is Magellan Copper and Gold's Equity-to-Asset too high?
Magellan Copper and Gold's current Equity-to-Asset is -83.89. Based on the distribution chart, Magellan Copper and Gold ranks #2643 out of 2670 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Magellan Copper and Gold's Equity-to-Asset compare to GKOR and PGOL?
According to the Metals & Mining industry distribution chart, Magellan Copper and Gold ranks #2643 out of 2670 companies for Equity-to-Asset. This places Magellan Copper and Gold in the lower half of its industry. The industry median Equity-to-Asset is 0.79. 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 2,670 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. 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 Magellan Copper and Gold 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. Magellan Copper and Gold's current Equity-to-Asset is -83.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Copper and Gold stock overvalued right now?
Magellan Copper and Gold (MAGE) has a current Equity-to-Asset of -83.89. The current Equity-to-Asset is -83.89. 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 Magellan Copper and Gold (MAGE), the current Equity-to-Asset is -83.89 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.
Magellan Copper and Gold Corp is an exploration-stage company, and its principal business is the acquisition and exploration of mineral projects. The company's key projects are the Center Star Mine and the Cable Project. Its other projects include BLUE JACKET AND CUPRUM project, Merit's Cable Project and Kris project. It manages its operations as a single segment.
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