Alamos Gold Inc. (AGI) Balance Sheet
AGI balance sheet, 2025
December 31, 2025 · U.S. dollars$6.37B assets = $1.94B liabilities + $4.44B equity
Both columns are drawn to the same scale: what AGI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AGI financial health
Current ratio1.72
Comfortable · current assets cover current liabilities 1.72×
Debt / equity0.05
Low leverage · $0.05 of debt for each $1 of equity
Equity / assets69.6%
Equity-funded · of assets funded by shareholders
Cash / debt291.2%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
AGI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.49B2016 | $6.37B2025 | +11.0%/yr | |
| Total liabilities | $732.8M2016 | $1.94B2025 | +11.4%/yr | |
| Shareholders’ equity | $1.76B2016 | $4.44B2025 | +10.8%/yr | |
| Cash & short-term investments | $266.3M2016 | $680.8M2025 | +11.0%/yr | |
| Total debt | $304.9M2016 | $233.8M2025 | −2.9%/yr | |
| Net cash (debt) | −$38.6M2016 | $447.0M2025 | +$485.6M | |
| Working capital | $354.9M2016 | $410.1M2025 | +$55.2M | |
| Book value per share | $6.632016 | $10.502025 | +5.2%/yr | |
| Current ratio | 4.562016 | 1.722025 | −2.84 | |
| Debt / equity | 0.172016 | 0.052025 | −0.12 | |
| Shares outstanding | 265.2M2016 | 422.8M2025 | +5.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AGI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
AGI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
AGI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AGI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $680.8M | $351.2M | $237.8M | $148.4M | $196.4M | $264.2M | $205.6M | $213.8M | $236.6M | $266.3M |
| Cash & equivalents | $622.0M | $327.2M | $224.8M | $129.8M | $172.5M | $220.5M | $182.8M | $206.0M | $200.8M | $252.2M |
| Short-term investments | $58.8M | $24.0M | $13.0M | $18.6M | $23.9M | $43.7M | $22.8M | $7.8M | $35.8M | $14.1M |
| Receivables | $44.9M | $46.7M | $53.1M | $37.2M | $39.7M | $34.7M | $42.0M | $8.0M | $7.2M | $44.9M |
| Inventory | $225.0M | $232.8M | $271.2M | $234.2M | $199.0M | $148.5M | $126.9M | $110.2M | $161.2M | $131.7M |
| Other current assets | $26.0M | $17.9M | $23.9M | $21.2M | $24.3M | $26.0M | $19.8M | $48.0M | $41.7M | $11.6M |
| Total current assets | $976.6M | $648.6M | $586.0M | $441.0M | $459.4M | $473.4M | $394.3M | $380.0M | $446.7M | $454.5M |
| Property, plant & equipment (net) | $4.95B | $4.62B | $3.36B | $3.17B | $3.11B | $3.10B | $2.93B | $2.81B | $2.75B | $1.92B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $447.9M | $69.5M | $55.1M | $59.4M | $53.6M | $61.8M | $68.8M | $71.9M | $113.7M | $119.5M |
| Total assets | $6.37B | $5.34B | $4.00B | $3.67B | $3.62B | $3.64B | $3.40B | $3.27B | $3.31B | $2.49B |
| Liabilities | ||||||||||
| Accounts payable | $254.8M | $191.6M | $167.8M | $147.6M | $137.6M | $117.7M | $118.3M | $117.6M | $87.3M | $75.6M |
| Short-term debt | $11.8M | $15.2M | $397,953 | $400,000 | $400,000 | $500,000 | $800,000 | $2.6M | $4.2M | $3.6M |
| Deferred revenue | $49.9M | $116.6M | $40.1M | — | — | — | — | −$1.7M | $15.1M | $18.0M |
| Total current liabilities | $566.6M | $430.9M | $247.9M | $181.9M | $157.4M | $146.9M | $127.3M | $131.9M | $113.2M | $99.6M |
| Long-term debt | $200.0M | $250.0M | $0 | $0 | $0 | $0 | $0 | $1.6M | $3.3M | $301.3M |
| Lease obligations | $23.0M | $36.6M | $0 | $400,000 | $400,000 | $500,000 | $800,000 | $2.6M | — | — |
| Other long-term liabilities | $1.17B | $1.07B | $829.8M | $771.2M | $728.5M | $638.1M | $573.9M | $536.4M | $522.6M | $331.9M |
| Total liabilities | $1.94B | $1.75B | $1.08B | $953.1M | $885.9M | $785.0M | $701.2M | $662.9M | $632.6M | $732.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $4.13B | $4.14B | $3.74B | $3.70B | $3.69B | $3.70B | $3.69B | $3.71B | $3.69B | $2.82B |
| Retained earnings (deficit) | $216.8M | −$606.2M | −$876.8M | −$1.05B | −$1.05B | −$958.1M | −$1.09B | −$1.18B | −$1.12B | −$1.14B |
| Accumulated other comprehensive income | $299,454 | −$37.4M | −$26.9M | −$24.8M | $1.9M | $18.2M | −$200,000 | −$9.2M | $13.0M | $400,000 |
| Total shareholders' equity | $4.44B | $3.58B | $2.92B | $2.72B | $2.74B | $2.85B | $2.70B | $2.60B | $2.68B | $1.76B |
| Key figures | ||||||||||
| Total debt | $233.8M | $286.6M | $397,953 | $400,000 | $400,000 | $2.8M | $800,000 | $2.6M | $7.5M | $304.9M |
| Net cash (debt) | $447.0M | $64.6M | $237.4M | $148.0M | $196.0M | $261.4M | $204.8M | $211.2M | $229.1M | −$38.6M |
| Working capital | $410.1M | $217.7M | $338.1M | $259.1M | $302.0M | $326.5M | $267.0M | $248.1M | $333.5M | $354.9M |
| Tangible book value | $4.44B | $3.58B | $2.92B | $2.72B | $2.74B | $2.85B | $2.70B | $2.60B | $2.68B | $1.76B |
| Book value per share | $10.50 | $8.73 | $7.34 | $6.90 | $6.97 | $7.22 | $6.85 | $6.68 | $8.68 | $6.63 |
| Shares outstanding | 422.8M | 410.5M | 398.1M | 394.5M | 392.6M | 394.9M | 393.4M | 389.8M | 309.0M | 265.2M |
| Current ratio | 1.72 | 1.51 | 2.36 | 2.42 | 2.92 | 3.22 | 3.10 | 2.88 | 3.95 | 4.56 |
| Quick ratio | 1.28 | 0.92 | 1.17 | 1.02 | 1.50 | 2.03 | 1.95 | 1.68 | 2.15 | 3.12 |
| Debt / equity | 0.05 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 |
| Equity / assets | 69.6% | 67.2% | 73.1% | 74.1% | 75.5% | 78.4% | 79.4% | 79.7% | 80.9% | 70.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $675.9M | $706.2M | $680.8M | $508.9M | $379.0M | $318.7M | $351.2M | $315.5M | $377.4M | $256.2M | $237.8M | $229.9M |
| Cash & equivalents | $636.1M | $661.7M | $622.0M | $462.6M | $344.9M | $289.5M | $327.2M | $291.6M | $313.6M | $240.0M | $224.8M | $215.9M |
| Short-term investments | $39.8M | $44.5M | $58.8M | $46.3M | $33.4M | $29.2M | $24.0M | $23.9M | $63.9M | $16.3M | $13.0M | $14.0M |
| Receivables | $53.9M | $40.6M | $44.9M | $31.2M | $39.5M | $36.6M | $46.7M | $34.8M | $38.1M | $39.5M | $53.1M | $45.7M |
| Inventory | $219.1M | $234.8M | $225.0M | $226.1M | $222.1M | $225.9M | $232.8M | $243.1M | $234.5M | $252.1M | $269.8M | $269.9M |
| Other current assets | $36.7M | $32.1M | $26.0M | $243.3M | $31.3M | $29.5M | $17.9M | $14.5M | $13.7M | $20.0M | $25.3M | $13.9M |
| Total current assets | $985.6M | $1.01B | $976.6M | $1.01B | $671.9M | $610.7M | $648.6M | $607.9M | $663.7M | $567.8M | $586.0M | $559.4M |
| Property, plant & equipment (net) | $5.25B | $5.10B | $4.95B | $4.84B | $4.77B | $4.67B | $4.62B | $4.55B | $3.19B | $3.38B | $3.36B | $3.29B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $473.3M | $448.3M | $447.9M | $123.3M | $111.2M | $85.5M | $69.5M | $134.7M | $306.4M | $58.9M | $55.1M | $57.2M |
| Total assets | $6.70B | $6.56B | $6.37B | $5.98B | $5.55B | $5.36B | $5.34B | $5.29B | $4.16B | $4.01B | $4.00B | $3.91B |
| Liabilities | ||||||||||||
| Accounts payable | $282.2M | $246.3M | $254.8M | $236.1M | $268.1M | $254.3M | $191.6M | $246.3M | $194.6M | $179.3M | $167.8M | $141.3M |
| Short-term debt | $9.4M | $10.9M | $11.8M | $12.6M | $14.1M | $14.4M | $15.2M | $17.3M | — | — | $397,953 | $400,000 |
| Deferred revenue | — | $25.4M | $49.9M | $30.0M | $59.3M | $88.2M | $116.6M | $83.3M | — | — | $40.1M | $85.0M |
| Total current liabilities | $554.5M | $582.7M | $566.6M | $587.9M | $451.0M | $410.6M | $430.9M | $374.4M | $218.1M | $203.7M | $247.9M | $227.8M |
| Long-term debt | $200.0M | $200.0M | $200.0M | $250.0M | $250.0M | $250.0M | $250.0M | $252.6M | $0 | $0 | $0 | $0 |
| Lease obligations | $16.3M | $19.7M | $23.0M | $25.9M | $30.3M | $32.6M | $36.6M | $27.3M | — | — | $0 | $400,000 |
| Other long-term liabilities | $1.15B | $1.15B | $1.17B | $1.10B | $1.08B | $1.11B | $1.07B | $1.16B | $885.8M | $851.6M | $829.8M | $805.9M |
| Total liabilities | $1.91B | $1.93B | $1.94B | $1.94B | $1.79B | $1.77B | $1.75B | $1.79B | $1.10B | $1.06B | $1.08B | $1.03B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4.12B | $4.16B | $4.13B | $4.14B | $4.14B | $4.14B | $4.14B | $4.13B | $3.77B | $3.74B | $3.74B | $3.73B |
| Retained earnings (deficit) | $609.1M | $393.3M | $216.8M | −$189.7M | −$457.4M | −$601.4M | −$606.2M | −$682.8M | −$782.9M | −$842.4M | −$876.8M | −$914.1M |
| Accumulated other comprehensive income | −$19.8M | −$11.4M | $299,454 | −$4.9M | −$19.3M | −$30.0M | −$37.4M | −$33.4M | −$13.4M | −$28.2M | −$26.9M | −$29.5M |
| Total shareholders' equity | $4.80B | $4.62B | $4.44B | $4.03B | $3.75B | $3.60B | $3.58B | $3.51B | $3.06B | $2.96B | $2.92B | $2.88B |
| Key figures | ||||||||||||
| Total debt | $216.0M | $220.4M | $233.8M | $275.6M | $280.3M | $282.6M | $286.6M | $297.2M | — | — | $397,953 | $400,000 |
| Net cash (debt) | $459.8M | $485.8M | $447.0M | $233.3M | $98.7M | $36.1M | $64.6M | $18.3M | — | — | $237.4M | $229.5M |
| Working capital | $431.1M | $431.0M | $410.1M | $421.5M | $220.9M | $200.1M | $217.7M | $233.5M | $445.6M | $364.1M | $338.1M | $331.6M |
| Tangible book value | $4.80B | $4.62B | $4.44B | $4.03B | $3.75B | $3.60B | $3.58B | $3.51B | $3.06B | $2.96B | $2.92B | $2.88B |
| Book value per share | $11.38 | $10.96 | $10.50 | $9.54 | $8.88 | $8.51 | $8.53 | $8.41 | $7.64 | $7.40 | $7.36 | $7.21 |
| Shares outstanding | 421.6M | 421.8M | 422.8M | 422.8M | 422.8M | 422.8M | 420.2M | 417.1M | 400.8M | 399.4M | 397.0M | 398.8M |
| Current ratio | 1.78 | 1.74 | 1.72 | 1.72 | 1.49 | 1.49 | 1.51 | 1.62 | 3.04 | 2.79 | 2.36 | 2.46 |
| Quick ratio | 1.32 | 1.28 | 1.28 | 0.92 | 0.93 | 0.87 | 0.92 | 0.94 | 1.91 | 1.45 | 1.17 | 1.21 |
| Debt / equity | 0.05 | 0.05 | 0.05 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | — | — | 0.00 | 0.00 |
| Equity / assets | 71.6% | 70.5% | 69.6% | 67.5% | 67.6% | 67.1% | 67.2% | 66.3% | 73.5% | 73.8% | 73.1% | 73.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
AGI financial position
At the end of fiscal 2025 (December 31, 2025), Alamos Gold had total assets of $6.4 billion (up 19.4% from a year earlier), total liabilities of $1.9 billion and shareholders' equity of $4.4 billion. It held $680.8 million in cash and short-term investments against $233.8 million of debt, a net cash position of $447.0 million. Its current ratio was 1.72. In the latest quarter (ended June 30, 2026) total assets were $6.7 billion and equity $4.8 billion.
Related: AGI income statement, AGI cash flow statement, AGI key metrics. See the AGI stock overview for the latest quote and news.
AGI balance sheet FAQ
What are Alamos Gold's total assets?
Alamos Gold reported total assets of $6.4 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.
How much debt does Alamos Gold have?
Alamos Gold had $233.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.05.
How much cash does Alamos Gold have?
Alamos Gold held $680.8 million in cash and short-term investments at the end of fiscal 2025; with $233.8 million of debt that is net cash of $447.0 million.
What is Alamos Gold's book value?
Alamos Gold's shareholders' equity (book value) was $4.4 billion at the end of fiscal 2025, or $10.50 per share.
What is Alamos Gold's current ratio?
Alamos Gold had current assets of $976.6 million and current liabilities of $566.6 million, a current ratio of 1.72 (it can cover its short-term obligations).