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Midland ExplorationMIDLF +1.89%33 Equity-to-Asset is 0.96 as of Mar. 2026, which is 1% below its 10-year median of 0.97. GuruFocus rates MIDLF with a GF Score™ of 33/100 and a GF Value™ of $0.42 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 2,669 Metals & Mining companies, Midland Exploration ranks better than 82.62% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Midland Exploration's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $33.61 Mil. Midland Exploration's Total Assets for the quarter that ended in Mar. 2026 was $34.98 Mil.
Therefore, Midland Exploration's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.96.
The historical rank and industry rank for Midland Exploration's Equity-to-Asset or its related term are showing as below:
MIDLF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.93 Med: 0.97 Max: 0.99
Current: 0.96
During the past 13 years, the highest Equity to Asset Ratio of Midland Exploration was 0.99. The lowest was 0.93. And the median was 0.97.
MIDLF's Equity-to-Asset is ranked better than 82.62% of 2669
companies
in the Metals & Mining industry
Industry Median: 0.8
vs MIDLF: 0.96
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%.
Midland Exploration Equity-to-Asset Related Terms
Midland Exploration Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Midland Exploration'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 Other Industrial Metals & Mining subindustry, Midland Exploration'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.
Midland Exploration Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Midland Exploration's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Midland Exploration'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.
Midland Exploration's Equity to Asset Ratio for the fiscal year that ended in Sep. 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.
Midland Exploration (MIDLF) has a Equity-to-Asset of 0.96 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Midland Exploration and its competitors. This is near median its historical median of 0.97. Over the past decade, Midland Exploration's Equity-to-Asset has ranged from 0.93 to 0.99. According to the industry distribution chart, Midland Exploration ranks #464 out of 2669 companies in the Metals & Mining industry, placing it in the top 17.4%.
Is Midland Exploration's Equity-to-Asset too high?
Midland Exploration's current Equity-to-Asset of 0.96 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 0.99. The Metals & Mining industry median Equity-to-Asset is 0.80. Midland Exploration's value of 0.96 is 20% above this industry median. Based on the distribution chart, Midland Exploration ranks #464 out of 2669 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Midland Exploration has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Midland Exploration's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Midland Exploration ranks #464 out of 2669 companies for Equity-to-Asset. This places Midland Exploration in the top 17% of its industry — outperforming the majority of peers. The industry median Equity-to-Asset is 0.80. Midland Exploration's value of 0.96 is 20% above this benchmark. Historically, Midland Exploration's own Equity-to-Asset has ranged from 0.93 to 0.99 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.80, Midland Exploration 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 2,669 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. Midland Exploration's current Equity-to-Asset of 0.96 is 20% 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 Midland Exploration 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. Midland Exploration's current Equity-to-Asset is 0.96, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midland Exploration stock overvalued right now?
Based on GuruFocus' analysis, Midland Exploration (MIDLF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.42, compared to a current price of $0.28 — trading 34.5% below its estimated fair value. The current Equity-to-Asset is 0.96, which is near median its 10-year median of 0.97 and 20% above the Metals & Mining industry median of 0.80. Midland Exploration's overall GF Score™ is 33/100 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 Midland Exploration (MIDLF), the current Equity-to-Asset is 0.96 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.
Is Midland Exploration (MIDLF) Overvalued in 2026?
Based on GuruFocus' analysis, Midland Exploration stock appears to be undervalued.
The current stock price of $0.28 is trading 34.5% below its estimated GF Value™ of $0.42.
GuruFocus considers Midland Exploration to be Possible Value Trap.
Key valuation signals for MIDLF:
Equity-to-Asset: 0.96 (near median its 10-year median of 0.97)
GF Value™: $0.42 vs. price of $0.28 (34.5% below fair value)
Industry Position: 20% above the Metals & Mining median (#464 of 2669)
No single metric tells the full story. See the MIDLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midland Exploration Inc is a company engaged in the mining exploration business. The Corporation's operations include the acquisition and exploration of mining properties and it currently operates in a single segment, being the acquisition, exploration, and evaluation of exploration properties. All of the corporation's activities are conducted in Canada. Its projects include Casault, Heva, Jouvex, Lac Esther, Laflamme, Tete-Nord, and others.
33GF Score
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