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Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Mercury NZ's Total Liabilities for the quarter that ended in Dec. 2025 was $2,942 Mil. Mercury NZ's Total Assets for the quarter that ended in Dec. 2025 was $5,722 Mil.
Therefore, Mercury NZ's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2025 was 0.51.
Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.
Mercury NZ Liabilities-to-Assets Related Terms
Mercury NZ Liabilities-to-Assets Historical Data
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The historical data trend for Mercury NZ's Liabilities-to-Assets 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.
For the Utilities - Renewable subindustry, Mercury NZ's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.
Mercury NZ Liabilities-to-Assets vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Mercury NZ's Liabilities-to-Assets distribution charts can be found below:
* The bar in red indicates where Mercury NZ's Liabilities-to-Assets falls into.
Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.
Mercury NZ's Liabilities-to-Assets 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.
Mercury NZ (MGHTF) has a Liabilities-to-Assets of 0.51 as of Dec. 2025. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Mercury NZ and its competitors.
Is Mercury NZ's Liabilities-to-Assets too high?
Mercury NZ's current Liabilities-to-Assets is 0.51. Overall, Mercury NZ has a GF Score™ of 87/100, reflecting its overall financial health beyond just this single metric.
How does Mercury NZ's Liabilities-to-Assets compare to competitors?
Mercury NZ's Liabilities-to-Assets of 0.51 can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Liabilities-to-Assets for an Utilities - Independent Power Producers company?
A good Liabilities-to-Assets depends on the Utilities - Independent Power Producers industry context. However, Liabilities-to-Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Liabilities-to-Assets mean?
A high Liabilities-to-Assets can signal that a stock is expensive relative to its fundamentals. Liabilities-to-Assets equals total liabilities divided by total assets. It measures financial leverage. View historical data on Mercury NZ and its competitors. Mercury NZ's current Liabilities-to-Assets is 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury NZ stock overvalued right now?
Mercury NZ (MGHTF) has a current Liabilities-to-Assets of 0.51. The stock's GF Value™ is $4.20, compared to a current price of $4.37 — trading 4% above its estimated fair value. The current Liabilities-to-Assets is 0.51. Mercury NZ's overall GF Score™ is 87/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Liabilities-to-Assets calculated?
Liabilities-to-Assets is calculated from a company's financial statements. For Mercury NZ (MGHTF), the current Liabilities-to-Assets is 0.51 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 Mercury NZ (MGHTF) Overvalued in 2026?
Based on GuruFocus' analysis, Mercury NZ stock appears to be overvalued.
The current stock price of $4.37 is trading 4% above its estimated GF Value™ of $4.20.
Key valuation signals for MGHTF:
Liabilities-to-Assets: 0.51
GF Value™: $4.20 vs. price of $4.37 (4% above fair value)
No single metric tells the full story. See the MGHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
87GF Score
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