Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to assets ratio high or low?
The debt to assets ratio of 2.43% is 88% below its 2-year average of 20.97%, near the low end of its 2-year range (0.34%–77.06%).
As of the fiscal period ended Tuesday, June 30, 2026. 26.91% below its 12-month average of 3.32%.
Reported quarterly debt to assets ratio; no daily interpolation. Q2 FY2026 (2026-06-30): 2.43%.
DEBT TO ASSETS RATIO
2.43%
DEBT TO ASSETS RATIO AVG TTM
3.32%
DEBT TO ASSETS RATIO AVG 3Y
N/A
DEBT TO ASSETS RATIO AVG 5Y
N/A
DEBT TO ASSETS RATIO AVG 10Y
N/A
DEBT TO ASSETS RATIO AVG 15Y
N/A
DEBT TO ASSETS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-26.91%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · BASIC MATERIALS
0.19%
median of 141 covered companies
CURRENT VS SECTOR MEDIAN
+1177.81%
vs the sector median at left
Nexmetals Mining Corp.
Market Cap
$65.95M
Debt to Assets Ratio
2.43%
TTM Avg
3.32%
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$73.43M
Debt to Assets Ratio
0.12%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$74.09M
Debt to Assets Ratio
0.15%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$53.43M
Debt to Assets Ratio
0.38%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$51.69M
Debt to Assets Ratio
0.42%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$85.63M
Debt to Assets Ratio
0.03%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$87.74M
Debt to Assets Ratio
0.01%
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$40.43M
Debt to Assets Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | DEBT TO ASSETS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nexmetals Mining Corp. (NEXM) | $65.95M | 2.43% | 3.32% | N/A | N/A |
| Namib Minerals (NAMM)vs › | $65.38M | 0.08% | N/A | N/A | N/A |
| Atlas Lithium Corporation (ATLX)vs › | $73.43M | 0.12% | N/A | N/A | N/A |
| Northern Technologies International Corporation (NTIC)vs › | $74.09M | 0.15% | N/A | N/A | N/A |
| Electra Battery Materials Corporation (ELBM)vs › | $53.43M | 0.38% | N/A | N/A | N/A |
| Texxon Holding Limited Ordinary shares (NPT)vs › | $51.69M | 0.42% | N/A | N/A | N/A |
| Julong Holding Limited (JLHL)vs › | $85.63M | 0.03% | N/A | N/A | N/A |
| U.S. GoldMining Inc. (USGO)vs › | $87.74M | 0.01% | N/A | N/A | N/A |
| Tactical Resources Corp. (TREO)vs › | $40.43M | N/A | N/A | N/A | N/A |
| Odyssey Marine Exploration, Inc. (OMEX)vs › | $39.58M | 0.74% | N/A | N/A | N/A |
Debt/Assets
2.4%
Debt/Equity
0.03
Current Ratio
5.16
Interest Coverage
-118.7x
Formula: Debt/Assets = Total Debt / Total Assets × 100
Debt/Assets vs Debt/Equity:
Industry context matters: Capital-intensive industries (utilities, real estate) typically have higher Debt/Assets ratios than tech companies.
Debt/Assets ratio shows what percentage of a company's assets are financed by debt. Compare the current value with the historical chart and peer group to understand leverage over time.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO ASSETS RATIO |
|---|---|
| 2026-06-30 | 2.43% |
| 2026-03-31 | 2.07% |
| 2025-12-31 | 2.02% |
| 2025-09-30 | 6.97% |
| 2025-06-30 | 3.11% |
| 2025-03-31 | 0.34% |
| 2024-12-31 | 77.06% |
| 2024-09-30 | 52.73% |
| 2024-06-30 | 41.96% |
