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XXIX MetalTSXV:XXIX -2.33%34 Equity-to-Asset is 0.67 as of Apr. 2026, which is 24% below its 10-year median of 0.88. GuruFocus rates TSXV:XXIX with a GF Score™ of 34/100. The stock has 3 warning signs investors should review. Among 2,677 Metals & Mining companies, XXIX Metal ranks worse than 61.71% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. XXIX Metal's Total Stockholders Equity for the quarter that ended in Apr. 2026 was C$16.70 Mil. XXIX Metal's Total Assets for the quarter that ended in Apr. 2026 was C$24.77 Mil.
The historical rank and industry rank for XXIX Metal's Equity-to-Asset or its related term are showing as below:
TSXV:XXIX'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.03 Med: 0.88 Max: 1
Current: 0.67
During the past 8 years, the highest Equity to Asset Ratio of XXIX Metal was 1.00. The lowest was -0.03. And the median was 0.88.
TSXV:XXIX's Equity-to-Asset is ranked worse than 61.71% of 2677
companies
in the Metals & Mining industry
Industry Median: 0.8
vs TSXV:XXIX: 0.67
XXIX Metal (TSXV:XXIX) 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%.
XXIX Metal Equity-to-Asset Related Terms
XXIX Metal Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for XXIX Metal'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.
TSXV:XXIX vs SCCO, FCX: Equity-to-Asset Comparison
For the Copper subindustry, XXIX Metal'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.
XXIX Metal Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, XXIX Metal's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where XXIX Metal'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.
XXIX Metal's Equity to Asset Ratio for the fiscal year that ended in Oct. 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.
XXIX Metal (TSXV:XXIX) has a Equity-to-Asset of 0.67 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on XXIX Metal and its competitors. This is 24% below median its historical median of 0.88. According to the industry distribution chart, XXIX Metal ranks #1652 out of 2677 companies in the Metals & Mining industry, placing it in the top 61.7%.
Is XXIX Metal's Equity-to-Asset too high?
XXIX Metal's current Equity-to-Asset of 0.67 is 24% below median its 10-year median of 0.88. The Metals & Mining industry median Equity-to-Asset is 0.80. XXIX Metal's value of 0.67 is 16.3% below this industry median. Based on the distribution chart, XXIX Metal ranks #1652 out of 2677 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, XXIX Metal has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does XXIX Metal's Equity-to-Asset compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, XXIX Metal ranks #1652 out of 2677 companies for Equity-to-Asset. This places XXIX Metal in the lower half of its industry. The industry median Equity-to-Asset is 0.80. XXIX Metal's value of 0.67 is 16.3% below this benchmark. While the company's 10-year median is 0.88 vs. the industry median of 0.80, XXIX Metal 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. XXIX Metal'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 XXIX Metal 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. XXIX Metal's current Equity-to-Asset is 0.67, which is 24% below median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XXIX Metal stock overvalued right now?
XXIX Metal (TSXV:XXIX) has a current Equity-to-Asset of 0.67. The current Equity-to-Asset is 0.67, which is 24% below median its 10-year median of 0.88 and 16.3% below the Metals & Mining industry median of 0.80. XXIX Metal's overall GF Score™ is 34/100 with 3 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 XXIX Metal (TSXV:XXIX), the current Equity-to-Asset is 0.67 as of Apr. 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.
XXIX Metal Corp is engaged in the business activity of the exploration, development, and production of exploration and evaluation assets in Canada. The company is advancing its Cooke-Robitaille Property, Opemiska Property, Roger Property, and Thierry projects.
34GF Score
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