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ONGold ResourcesONGRF +6.34%15 Equity-to-Asset is 0.49 as of Jun. 2026, which is 28% below its 10-year median of 0.68. GuruFocus rates ONGRF with a GF Score™ of 15/100. The stock has 1 warning sign investors should review. Among 2,677 Metals & Mining companies, ONGold Resources ranks worse than 73.55% 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%.
ONGold Resources Equity-to-Asset Related Terms
ONGold Resources Equity-to-Asset Historical Data
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The historical data trend for ONGold Resources'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 Gold subindustry, ONGold Resources'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.
ONGold Resources Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, ONGold Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where ONGold Resources'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.
ONGold Resources'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.
ONGold Resources (ONGRF) has a Equity-to-Asset of 0.49 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on ONGold Resources and its competitors. This is 28% below median its historical median of 0.68. According to the industry distribution chart, ONGold Resources ranks #1969 out of 2677 companies in the Metals & Mining industry, placing it in the top 73.6%.
Is ONGold Resources' Equity-to-Asset too high?
ONGold Resources' current Equity-to-Asset of 0.49 is 28% below median its 10-year median of 0.68. The Metals & Mining industry median Equity-to-Asset is 0.80. ONGold Resources' value of 0.49 is 38.8% below this industry median. Based on the distribution chart, ONGold Resources ranks #1969 out of 2677 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, ONGold Resources has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does ONGold Resources' Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, ONGold Resources ranks #1969 out of 2677 companies for Equity-to-Asset. This places ONGold Resources in the lower half of its industry. The industry median Equity-to-Asset is 0.80. ONGold Resources' value of 0.49 is 38.8% below this benchmark. While the company's 10-year median is 0.68 vs. the industry median of 0.80, ONGold Resources 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 2,677 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. ONGold Resources's current Equity-to-Asset of 0.49 is 38.8% 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 ONGold Resources 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. ONGold Resources's current Equity-to-Asset is 0.49, which is 28% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ONGold Resources stock overvalued right now?
ONGold Resources (ONGRF) has a current Equity-to-Asset of 0.49. The current Equity-to-Asset is 0.49, which is 28% below median its 10-year median of 0.68 and 38.8% below the Metals & Mining industry median of 0.80. ONGold Resources' overall GF Score™ is 15/100 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 ONGold Resources (ONGRF), the current Equity-to-Asset is 0.49 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.
ONGold Resources Ltd is a mining company engaged in exploring its mineral properties. Its project portfolio comprises Ti-pa-haa-kaa-ning (TPK) property, October Gold property, Monument Bay (MB) and Domain projects, and the Meston, Rapson, and Thorne Lake properties. The company conducts its business as a single operating segment in a single geographic segment, being mineral exploration and evaluation in Ontario, Canada.
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