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West Red Lake Gold MinesWRLGF +1.57%26 Equity-to-Asset is 0.42 as of Jun. 2026, which is 56% below its 10-year median of 0.96. GuruFocus rates WRLGF with a GF Score™ of 26/100. The stock has 4 warning signs investors should review. Among 2,680 Metals & Mining companies, West Red Lake Gold Mines ranks worse than 77.65% on this metric.
West Red Lake Gold Mines (OTCPK:WRLGF) 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%.
West Red Lake Gold Mines Equity-to-Asset Related Terms
West Red Lake Gold Mines Equity-to-Asset Historical Data
* 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 Gold subindustry, West Red Lake Gold Mines'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.
West Red Lake Gold Mines Equity-to-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, West Red Lake Gold Mines's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where West Red Lake Gold Mines's Equity-to-Asset falls into.
West Red Lake Gold Mines 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.
West Red Lake Gold Mines'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.
West Red Lake Gold Mines (WRLGF) has a Equity-to-Asset of 0.42 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on West Red Lake Gold Mines and its competitors. This is 56% below median its historical median of 0.96. According to the industry distribution chart, West Red Lake Gold Mines ranks #2081 out of 2680 companies in the Metals & Mining industry, placing it in the top 77.6%.
Is West Red Lake Gold Mines' Equity-to-Asset too high?
West Red Lake Gold Mines' current Equity-to-Asset of 0.42 is 56% below median its 10-year median of 0.96. The Metals & Mining industry median Equity-to-Asset is 0.81. West Red Lake Gold Mines' value of 0.42 is 47.8% below this industry median. Based on the distribution chart, West Red Lake Gold Mines ranks #2081 out of 2680 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, West Red Lake Gold Mines has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does West Red Lake Gold Mines' Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, West Red Lake Gold Mines ranks #2081 out of 2680 companies for Equity-to-Asset. This places West Red Lake Gold Mines in the lower half of its industry. The industry median Equity-to-Asset is 0.81. West Red Lake Gold Mines' value of 0.42 is 47.8% below this benchmark. While the company's 10-year median is 0.96 vs. the industry median of 0.81, West Red Lake Gold Mines 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 0.81, based on 2,680 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. West Red Lake Gold Mines's current Equity-to-Asset of 0.42 is 47.8% 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 West Red Lake Gold Mines and its competitors. For the Metals & Mining industry, the median Equity-to-Asset is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Red Lake Gold Mines's current Equity-to-Asset is 0.42, which is 56% below median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Red Lake Gold Mines stock overvalued right now?
West Red Lake Gold Mines (WRLGF) has a current Equity-to-Asset of 0.42. The current Equity-to-Asset is 0.42, which is 56% below median its 10-year median of 0.96 and 47.8% below the Metals & Mining industry median of 0.81. West Red Lake Gold Mines' overall GF Score™ is 26/100 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 West Red Lake Gold Mines (WRLGF), the current Equity-to-Asset is 0.42 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.
West Red Lake Gold Mines Ltd operates in one reportable segment, being the acquisition, exploration, and development of gold properties. All of the Company's assets are located in Canada. Its projects include Madsen Mine and the Rowan Project.
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