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Midnight Sun MiningMDNGF +5.68%27 Equity-to-Asset is 0.89 as of Jun. 2026, which is 9% above its 10-year median of 0.82. GuruFocus rates MDNGF with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 2,675 Metals & Mining companies, Midnight Sun Mining ranks better than 62.54% on this metric.
Midnight Sun Mining (OTCPK:MDNGF) 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%.
Midnight Sun Mining Equity-to-Asset Related Terms
Midnight Sun Mining Equity-to-Asset Historical Data
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The historical data trend for Midnight Sun 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.
Midnight Sun Mining Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Midnight Sun 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.
Midnight Sun Mining Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Midnight Sun Mining's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Midnight Sun 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.
Midnight Sun 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.
Midnight Sun Mining (MDNGF) has a Equity-to-Asset of 0.89 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Midnight Sun Mining and its competitors. This is near median its historical median of 0.82. Over the past decade, Midnight Sun Mining's Equity-to-Asset has ranged from 0.39 to 0.97. According to the industry distribution chart, Midnight Sun Mining ranks #1002 out of 2675 companies in the Metals & Mining industry, placing it in the top 37.5%.
Is Midnight Sun Mining's Equity-to-Asset too high?
Midnight Sun Mining's current Equity-to-Asset of 0.89 is near median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 0.97. The Metals & Mining industry median Equity-to-Asset is 0.81. Midnight Sun Mining's value of 0.89 is 9.9% above this industry median. Based on the distribution chart, Midnight Sun Mining ranks #1002 out of 2675 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Midnight Sun Mining has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Midnight Sun Mining's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Midnight Sun Mining ranks #1002 out of 2675 companies for Equity-to-Asset. This puts Midnight Sun Mining in the upper half of its industry. The industry median Equity-to-Asset is 0.81. Midnight Sun Mining's value of 0.89 is 9.9% above this benchmark. Historically, Midnight Sun Mining's own Equity-to-Asset has ranged from 0.39 to 0.97 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.81, Midnight Sun Mining 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 0.81, 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. Midnight Sun Mining's current Equity-to-Asset of 0.89 is 9.9% 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 Midnight Sun Mining and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midnight Sun Mining's current Equity-to-Asset is 0.89, which is near median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midnight Sun Mining stock overvalued right now?
Midnight Sun Mining (MDNGF) has a current Equity-to-Asset of 0.89. The current Equity-to-Asset is 0.89, which is near median its 10-year median of 0.82 and 9.9% above the Metals & Mining industry median of 0.81. Midnight Sun Mining's overall GF Score™ is 27/100 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 Midnight Sun Mining (MDNGF), the current Equity-to-Asset is 0.89 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.
Midnight Sun Mining Corp conducts mineral exploration and development with a focus on copper assets in Zambia. The Company's principal business activity is the acquisition and exploration of mineral property interests, and it is in the exploration stage. Its project includes the Luswishi Dome Project, located southeast of the Company's Solwezi Project in Zambia.
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