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Develop GlobalVTEXF 48 Equity-to-Asset is 0.70 as of Dec. 2025, which is 13% above its 10-year median of 0.62. GuruFocus rates VTEXF with a GF Score™ of 48/100 and a GF Value™ of $4.08. The stock has 5 warning signs investors should review. Among 2,674 Metals & Mining companies, Develop Global ranks worse than 58.04% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Develop Global's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $424.4 Mil. Develop Global's Total Assets for the quarter that ended in Dec. 2025 was $603.7 Mil.
Therefore, Develop Global's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.70.
The historical rank and industry rank for Develop Global's Equity-to-Asset or its related term are showing as below:
VTEXF'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.51 Med: 0.62 Max: 0.75
Current: 0.7
During the past 13 years, the highest Equity to Asset Ratio of Develop Global was 0.75. The lowest was 0.51. And the median was 0.62.
VTEXF's Equity-to-Asset is ranked worse than 58.04% of 2674
companies
in the Metals & Mining industry
Industry Median: 0.8
vs VTEXF: 0.70
Develop Global (OTCPK:VTEXF) 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%.
Develop Global Equity-to-Asset Related Terms
Develop Global Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Develop Global'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.
Develop Global Equity-to-Asset Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Develop Global'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.
Develop Global Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Develop Global's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Develop Global'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.
Develop Global'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.
Develop Global (VTEXF) has a Equity-to-Asset of 0.70 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Develop Global and its competitors. This is 13% above median its historical median of 0.62. Over the past decade, Develop Global's Equity-to-Asset has ranged from 0.51 to 0.75. According to the industry distribution chart, Develop Global ranks #1552 out of 2674 companies in the Metals & Mining industry, placing it in the top 58%.
Is Develop Global's Equity-to-Asset too high?
Develop Global's current Equity-to-Asset of 0.70 is 13% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 0.75. The Metals & Mining industry median Equity-to-Asset is 0.80. Develop Global's value of 0.70 is 12.5% below this industry median. Based on the distribution chart, Develop Global ranks #1552 out of 2674 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Develop Global has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Develop Global's Equity-to-Asset compare to competitors?
According to the Metals & Mining industry distribution chart, Develop Global ranks #1552 out of 2674 companies for Equity-to-Asset. This places Develop Global in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Develop Global's value of 0.70 is 12.5% below this benchmark. Historically, Develop Global's own Equity-to-Asset has ranged from 0.51 to 0.75 over the past decade. While the company's 10-year median is 0.62 vs. the industry median of 0.80, Develop Global 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 2,674 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. Develop Global's current Equity-to-Asset of 0.70 is 12.5% 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 Develop Global 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. Develop Global's current Equity-to-Asset is 0.70, which is 13% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Develop Global stock overvalued right now?
Develop Global (VTEXF) has a current Equity-to-Asset of 0.70. The stock's GF Value™ is $4.08, compared to a current price of $3.66 — trading 10.3% below its estimated fair value. The current Equity-to-Asset is 0.70, which is 13% above median its 10-year median of 0.62 and 12.5% below the Metals & Mining industry median of 0.80. Develop Global's overall GF Score™ is 48/100 with 5 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 Develop Global (VTEXF), the current Equity-to-Asset is 0.70 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 Develop Global (VTEXF) Overvalued in 2026?
Based on GuruFocus' analysis, Develop Global stock appears to be undervalued.
The current stock price of $3.66 is trading 10.3% below its estimated GF Value™ of $4.08.
Key valuation signals for VTEXF:
Equity-to-Asset: 0.70 (13% above median its 10-year median of 0.62)
GF Value™: $4.08 vs. price of $3.66 (10.3% below fair value)
Industry Position: 12.5% below the Metals & Mining median (#1552 of 2674)
No single metric tells the full story. See the VTEXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Develop Global Ltd is an Australian company focused on the exploration and development of its advanced zinc-copper projects located near Port Hedland in the premier Pilbara mining province of Western Australia. The company owns two advanced Zinc / Copper projects which include Woodlawn Copper and Sulphur Springs.
48GF Score
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