ZHAOF (Zhaojin Mining Industry Co) Equity-to-Asset: 0.43 (As of Dec. 2025) — 13% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ZHAOF Zhaojin Mining Industry Co Ltd ZHAOF
75 GF Score
Price $2.06
GF Value $3.77
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Zhaojin Mining Industry Co Equity-to-Asset?

Zhaojin Mining Industry Co ZHAOF 75 Equity-to-Asset is 0.43 as of Dec. 2025, which is 13% above its 10-year median of 0.38. GuruFocus rates ZHAOF with a GF Score™ of 75/100 and a GF Value™ of $3.77 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,671 Metals & Mining companies, Zhaojin Mining Industry Co ranks worse than 76.15% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Zhaojin Mining Industry Co's Total Stockholders Equity for the quarter that ended in Dec. 2025 was $3,506 Mil. Zhaojin Mining Industry Co's Total Assets for the quarter that ended in Dec. 2025 was $8,133 Mil. Therefore, Zhaojin Mining Industry Co's Equity to Asset Ratio for the quarter that ended in Dec. 2025 was 0.43.

The historical rank and industry rank for Zhaojin Mining Industry Co's Equity-to-Asset or its related term are showing as below:

ZHAOF' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34   Med: 0.38   Max: 0.43
Current: 0.43

During the past 13 years, the highest Equity to Asset Ratio of Zhaojin Mining Industry Co was 0.43. The lowest was 0.34. And the median was 0.38.

ZHAOF's Equity-to-Asset is ranked worse than
76.15% of 2671 companies
in the Metals & Mining industry
Industry Median: 0.8 vs ZHAOF: 0.43

Zhaojin Mining Industry Co  (OTCPK:ZHAOF) 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%.


Zhaojin Mining Industry Co Equity-to-Asset Related Terms


Zhaojin Mining Industry Co Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for Zhaojin Mining Industry Co'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.

Zhaojin Mining Industry Co Equity-to-Asset Chart

Zhaojin Mining Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.38 0.36 0.40 0.40 0.43

Zhaojin Mining Industry Co Quarterly Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Equity-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.39 0.40 0.40 0.42 0.43

ZHAOF vs NEM, AU: Equity-to-Asset Comparison

For the Gold subindustry, Zhaojin Mining Industry Co'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.


Zhaojin Mining Industry Co Equity-to-Asset vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Zhaojin Mining Industry Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Zhaojin Mining Industry Co's Equity-to-Asset falls into.


ZHAOF
75GF Score
Zhaojin Mining Industry Co Ltd ZHAOF
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhaojin Mining Industry Co 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.

Zhaojin Mining Industry Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=3506.387/8133.33
=0.43

Zhaojin Mining Industry Co's Equity to Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Equity to Asset (Q: Dec. 2025 )=Total Stockholders Equity/Total Assets
=3506.387/8133.33
=0.43

* 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.

Frequently Asked Questions Learn more about Equity-to-Asset →
What does a Equity-to-Asset of 0.43 mean?
Zhaojin Mining Industry Co (ZHAOF) has a Equity-to-Asset of 0.43 as of Dec. 2025. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Zhaojin Mining Industry Co and its competitors. This is 13% above median its historical median of 0.38. Over the past decade, Zhaojin Mining Industry Co's Equity-to-Asset has ranged from 0.34 to 0.43. According to the industry distribution chart, Zhaojin Mining Industry Co ranks #2034 out of 2671 companies in the Metals & Mining industry, placing it in the top 76.2%.
Is Zhaojin Mining Industry Co's Equity-to-Asset too high?
Zhaojin Mining Industry Co's current Equity-to-Asset of 0.43 is 13% above median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.43. The Metals & Mining industry median Equity-to-Asset is 0.80. Zhaojin Mining Industry Co's value of 0.43 is 46.3% below this industry median. Based on the distribution chart, Zhaojin Mining Industry Co ranks #2034 out of 2671 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Zhaojin Mining Industry Co has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhaojin Mining Industry Co's Equity-to-Asset compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Zhaojin Mining Industry Co ranks #2034 out of 2671 companies for Equity-to-Asset. This places Zhaojin Mining Industry Co in the lower half of its industry. The industry median Equity-to-Asset is 0.80. Zhaojin Mining Industry Co's value of 0.43 is 46.3% below this benchmark. Historically, Zhaojin Mining Industry Co's own Equity-to-Asset has ranged from 0.34 to 0.43 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 0.80, Zhaojin Mining Industry Co 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 2,671 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. Zhaojin Mining Industry Co's current Equity-to-Asset of 0.43 is 46.3% 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 Zhaojin Mining Industry Co 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. Zhaojin Mining Industry Co's current Equity-to-Asset is 0.43, which is 13% above median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhaojin Mining Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Zhaojin Mining Industry Co (ZHAOF) is currently considered Possible Value Trap. The stock's GF Value™ is $3.77, compared to a current price of $2.06 — trading 45.4% below its estimated fair value. The current Equity-to-Asset is 0.43, which is 13% above median its 10-year median of 0.38 and 46.3% below the Metals & Mining industry median of 0.80. Zhaojin Mining Industry Co's overall GF Score™ is 75/100 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 Zhaojin Mining Industry Co (ZHAOF), the current Equity-to-Asset is 0.43 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 Zhaojin Mining Industry Co (ZHAOF) Overvalued in 2026?

Based on GuruFocus' analysis, Zhaojin Mining Industry Co stock appears to be undervalued. The current stock price of $2.06 is trading 45.4% below its estimated GF Value™ of $3.77. GuruFocus considers Zhaojin Mining Industry Co to be Possible Value Trap.

Key valuation signals for ZHAOF:

  • Equity-to-Asset: 0.43 (13% above median its 10-year median of 0.38)
  • GF Value™: $3.77 vs. price of $2.06 (45.4% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 46.3% below the Metals & Mining median (#2034 of 2671)

No single metric tells the full story. See the ZHAOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhaojin Mining Industry Co Business Description

Other Exchanges 01818:Hong KongZVL:Germany
Address 1 Matheson Street, Causeway Bay, 31st Floor, Tower Two, Times Square, HKG, 265400
Zhaojin Mining Industry Co Ltd is engaged in the mining, processing, smelting, and sale of gold and silver products. The company has three reportable operating segments as follows: the Gold operations segment consists of gold mining and smelting operations; the Copper operations segment consists of copper mining and smelting operations; the Others segment comprises, principally, the Group's other investment activities, operation of a finance company, operation and catering services of a hotel, exploration services, engineering design and consulting services, and overseas operations.
75GF Score

Get the complete analysis for ZHAOF

Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.06
Price
$3.77
GF Value