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South32SHTLF 71 Equity-to-Asset is 0.67 as of Dec. 2025, which is 1% below its 10-year median of 0.68. GuruFocus rates SHTLF with a GF Score™ of 71/100 and a GF Value™ of $2.58 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 2,665 Metals & Mining companies, South32 ranks worse than 60.49% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. South32's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $9,244 Mil. South32's Total Assets for the quarter that ended in Dec. 2025 was $13,797 Mil.
Therefore, South32's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.67.
The historical rank and industry rank for South32's Equity-to-Asset or its related term are showing as below:
SHTLF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.63 Med: 0.68 Max: 0.72
Current: 0.67
During the past 13 years, the highest Equity to Asset Ratio of South32 was 0.72. The lowest was 0.63. And the median was 0.68.
SHTLF's Equity-to-Asset is ranked worse than 60.49% of 2665
companies
in the Metals & Mining industry
Industry Median: 0.8
vs SHTLF: 0.67
South32 (OTCPK:SHTLF) 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%.
South32 Equity-to-Asset Related Terms
South32 Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for South32'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, South32'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.
South32 Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, South32's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where South32'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.
South32's Equity to Asset Ratio for the fiscal year that ended in Jun. 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.
South32 (SHTLF) has a Equity-to-Asset of 0.67 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on South32 and its competitors. This is near median its historical median of 0.68. Over the past decade, South32's Equity-to-Asset has ranged from 0.63 to 0.72. According to the industry distribution chart, South32 ranks #1612 out of 2665 companies in the Metals & Mining industry, placing it in the top 60.5%.
Is South32's Equity-to-Asset too high?
South32's current Equity-to-Asset of 0.67 is near median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 0.72. The Metals & Mining industry median Equity-to-Asset is 0.80. South32's value of 0.67 is 16.3% below this industry median. Based on the distribution chart, South32 ranks #1612 out of 2665 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, South32 has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does South32's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, South32 ranks #1612 out of 2665 companies for Equity-to-Asset. This places South32 in the lower half of its industry. The industry median Equity-to-Asset is 0.80. South32's value of 0.67 is 16.3% below this benchmark. Historically, South32's own Equity-to-Asset has ranged from 0.63 to 0.72 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.80, South32 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 2,665 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. South32's current Equity-to-Asset of 0.67 is 16.3% 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 South32 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. South32's current Equity-to-Asset is 0.67, which is near 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 South32 stock overvalued right now?
Based on GuruFocus' analysis, South32 (SHTLF) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.58, compared to a current price of $2.89 — trading 12% above its estimated fair value. The current Equity-to-Asset is 0.67, which is near median its 10-year median of 0.68 and 16.3% below the Metals & Mining industry median of 0.80. South32's overall GF Score™ is 71/100 with 10 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 South32 (SHTLF), the current Equity-to-Asset is 0.67 as of Dec. 2025. 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 South32 (SHTLF) Overvalued in 2026?
Based on GuruFocus' analysis, South32 stock appears to be overvalued.
The current stock price of $2.89 is trading 12% above its estimated GF Value™ of $2.58.
GuruFocus considers South32 to be Modestly Overvalued.
Key valuation signals for SHTLF:
Equity-to-Asset: 0.67 (near median its 10-year median of 0.68)
GF Value™: $2.58 vs. price of $2.89 (12% above fair value)
Industry Position: 16.3% below the Metals & Mining median (#1612 of 2665)
No single metric tells the full story. See the SHTLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024 and the Cerro Matoso nickel mine in Colombia in December 2025. It also owns the Cannington silver/lead/zinc mine in Queensland. Its Australian manganese operations deliver high returns, but have a relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.
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