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Nickel AsiaPHS:NIKL +1.18%96 Equity-to-Asset is 0.57 as of Jun. 2026, which is 10% below its 10-year median of 0.63. GuruFocus rates PHS:NIKL with a GF Score™ of 96/100 and a GF Value™ of ₱5.16 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,672 Metals & Mining companies, Nickel Asia ranks worse than 68% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nickel Asia's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₱41,926 Mil. Nickel Asia's Total Assets for the quarter that ended in Jun. 2026 was ₱74,123 Mil.
Therefore, Nickel Asia's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.57.
The historical rank and industry rank for Nickel Asia's Equity-to-Asset or its related term are showing as below:
PHS:NIKL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.57 Med: 0.63 Max: 0.72
Current: 0.57
During the past 13 years, the highest Equity to Asset Ratio of Nickel Asia was 0.72. The lowest was 0.57. And the median was 0.63.
PHS:NIKL's Equity-to-Asset is ranked worse than 68% of 2672
companies
in the Metals & Mining industry
Industry Median: 0.8
vs PHS:NIKL: 0.57
Nickel Asia (PHS:NIKL) 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%.
Nickel Asia Equity-to-Asset Related Terms
Nickel Asia Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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, Nickel Asia'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.
Nickel Asia Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nickel Asia'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.
Nickel Asia'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.
Nickel Asia (PHS:NIKL) has a Equity-to-Asset of 0.57 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nickel Asia and its competitors. This is 10% below median its historical median of 0.63. Over the past decade, Nickel Asia's Equity-to-Asset has ranged from 0.57 to 0.72. According to the industry distribution chart, Nickel Asia ranks #1817 out of 2672 companies in the Metals & Mining industry, placing it in the top 68%.
Is Nickel Asia's Equity-to-Asset too high?
Nickel Asia's current Equity-to-Asset of 0.57 is 10% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 0.72. The Metals & Mining industry median Equity-to-Asset is 0.80. Nickel Asia's value of 0.57 is 28.8% below this industry median. Based on the distribution chart, Nickel Asia ranks #1817 out of 2672 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Asia has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #1817 out of 2672 companies for Equity-to-Asset. This places Nickel Asia in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Nickel Asia's value of 0.57 is 28.8% below this benchmark. Historically, Nickel Asia's own Equity-to-Asset has ranged from 0.57 to 0.72 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 0.80, Nickel Asia 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 2,672 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. Nickel Asia's current Equity-to-Asset of 0.57 is 28.8% 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 Nickel Asia 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. Nickel Asia's current Equity-to-Asset is 0.57, which is 10% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (PHS:NIKL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱5.16, compared to a current price of ₱4.29 — trading 16.9% below its estimated fair value. The current Equity-to-Asset is 0.57, which is 10% below median its 10-year median of 0.63 and 28.8% below the Metals & Mining industry median of 0.80. Nickel Asia's overall GF Score™ is 96/100 with 4 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 Nickel Asia (PHS:NIKL), the current Equity-to-Asset is 0.57 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.
Is Nickel Asia (PHS:NIKL) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be undervalued.
The current stock price of ₱4.29 is trading 16.9% below its estimated GF Value™ of ₱5.16.
GuruFocus considers Nickel Asia to be Modestly Undervalued.
Key valuation signals for PHS:NIKL:
Equity-to-Asset: 0.57 (10% below median its 10-year median of 0.63)
GF Value™: ₱5.16 vs. price of ₱4.29 (16.9% below fair value)
Industry Position: 28.8% below the Metals & Mining median (#1817 of 2672)
No single metric tells the full story. See the PHS:NIKL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
96GF Score
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