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Nouveau Monde GraphiteTSX:NOU -3.83%23 Equity-to-Asset is 0.81 as of Jun. 2026, which is 11% above its 10-year median of 0.73. GuruFocus rates TSX:NOU with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 2,673 Metals & Mining companies, Nouveau Monde Graphite ranks better than 51.52% on this metric.
Nouveau Monde Graphite (TSX:NOU) 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%.
Nouveau Monde Graphite Equity-to-Asset Related Terms
Nouveau Monde Graphite Equity-to-Asset Historical Data
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The historical data trend for Nouveau Monde Graphite'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.
Nouveau Monde Graphite Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Nouveau Monde Graphite'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.
Nouveau Monde Graphite Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nouveau Monde Graphite's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nouveau Monde Graphite's Equity-to-Asset falls into.
Nouveau Monde Graphite Equity-to-Asset Calculation
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.
Nouveau Monde Graphite'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.
Nouveau Monde Graphite (TSX:NOU) has a Equity-to-Asset of 0.81 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nouveau Monde Graphite and its competitors. This is 11% above median its historical median of 0.73. According to the industry distribution chart, Nouveau Monde Graphite ranks #1296 out of 2673 companies in the Metals & Mining industry, placing it in the top 48.5%.
Is Nouveau Monde Graphite's Equity-to-Asset too high?
Nouveau Monde Graphite's current Equity-to-Asset of 0.81 is 11% above median its 10-year median of 0.73. The Metals & Mining industry median Equity-to-Asset is 0.80. Nouveau Monde Graphite's value of 0.81 is 1.3% above this industry median. Based on the distribution chart, Nouveau Monde Graphite ranks #1296 out of 2673 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nouveau Monde Graphite has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Nouveau Monde Graphite's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Nouveau Monde Graphite ranks #1296 out of 2673 companies for Equity-to-Asset. This puts Nouveau Monde Graphite in the upper half of its industry. The industry median Equity-to-Asset is 0.80. Nouveau Monde Graphite's value of 0.81 is 1.3% above this benchmark. While the company's 10-year median is 0.73 vs. the industry median of 0.80, Nouveau Monde Graphite 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 2,673 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. Nouveau Monde Graphite's current Equity-to-Asset of 0.81 is 1.3% 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 Nouveau Monde Graphite 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. Nouveau Monde Graphite's current Equity-to-Asset is 0.81, which is 11% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nouveau Monde Graphite stock overvalued right now?
Nouveau Monde Graphite (TSX:NOU) has a current Equity-to-Asset of 0.81. The current Equity-to-Asset is 0.81, which is 11% above median its 10-year median of 0.73 and 1.3% above the Metals & Mining industry median of 0.80. Nouveau Monde Graphite's overall GF Score™ is 23/100 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 Nouveau Monde Graphite (TSX:NOU), the current Equity-to-Asset is 0.81 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.
Nouveau Monde Graphite Inc is a mineral exploration company. The company specializes in the exploration, evaluation, and development of mineral properties located in Quebec and is developing a natural graphite-based anode material that would qualify as battery-grade material to supply the lithium-ion industry. The Company currently operates in two segments: the Mining projects (which includes the Matawinie Mine project and the Uatnan Mining Project) and the Battery Material Plant project.
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