Aris Mining Corporation (ARIS) Balance Sheet
ARIS balance sheet, 2025
December 31, 2025 · U.S. dollars$2.52B assets = $1.07B liabilities + $1.44B equity
Both columns are drawn to the same scale: what ARIS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ARIS financial health
Current ratio1.76
Comfortable · current assets cover current liabilities 1.76×
Debt / equity0.36
Low leverage · $0.36 of debt for each $1 of equity
Equity / assets57.4%
Equity-funded · of assets funded by shareholders
Cash / debt74.6%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
ARIS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $381.2M2016 | $2.52B2025 | +23.3%/yr | |
| Total liabilities | $198.5M2016 | $1.07B2025 | +20.6%/yr | |
| Shareholders’ equity | $182.7M2016 | $1.44B2025 | +25.8%/yr | |
| Cash & short-term investments | $2.8M2016 | $391.2M2025 | +73.2%/yr | |
| Total debt | $86.3M2016 | $524.6M2025 | +22.2%/yr | |
| Net cash (debt) | −$83.5M2016 | −$133.4M2025 | −$49.9M | |
| Working capital | −$11.3M2016 | $231.7M2025 | +$243.1M | |
| Book value per share | $1.902016 | $7.552025 | +16.5%/yr | |
| Current ratio | 0.702016 | 1.762025 | +1.06 | |
| Debt / equity | 0.472016 | 0.362025 | −0.11 | |
| Shares outstanding | 96.0M2016 | 191.3M2025 | +8.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ARIS assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
ARIS liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
ARIS debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ARIS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $391.2M | $252.5M | $194.6M | $299.5M | $323.6M | $122.5M | $94.8M | $35.6M | $3.3M | $2.8M |
| Cash & equivalents | $391.2M | $252.5M | $194.6M | $299.5M | $323.6M | $122.5M | $94.8M | $35.6M | $3.3M | $2.8M |
| Receivables | $76.7M | $47.2M | $3.5M | $48.5M | $29.6M | $24.2M | $15.3M | $13.5M | $14.4M | $11.4M |
| Inventory | $56.1M | $45.7M | $38.9M | $26.6M | $22.4M | $30.4M | $24.3M | $15.8M | $12.9M | $10.8M |
| Other current assets | $11.7M | $5.3M | $52.1M | $3.6M | $6.4M | $151.6M | $2.4M | $4.7M | $6.3M | $1.9M |
| Total current assets | $535.7M | $350.8M | $289.1M | $378.2M | $382.0M | $328.7M | $136.9M | $69.7M | $36.9M | $26.9M |
| Property, plant & equipment (net) | $1.94B | $1.63B | $938.6M | $749.1M | $455.8M | $302.6M | $207.5M | $373.2M | $404.6M | $349.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $29.5M |
| Long-term investments | $27.6M | $12.8M | $118.5M | $113.5M | $159.9M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $18.0M | $3.1M | $6.6M | $1.2M | $783,000 | $19.2M | $15.0M | $6.9M | $8.5M | $0 |
| Total assets | $2.52B | $1.99B | $1.35B | $1.24B | $998.4M | $650.6M | $359.4M | $449.9M | $450.0M | $381.2M |
| Liabilities | ||||||||||
| Accounts payable | $114.3M | $69.7M | $55.5M | $47.3M | $23.8M | $34.5M | $20.9M | $16.2M | $15.1M | $12.9M |
| Short-term debt | $56.2M | $23.8M | $38.8M | $82.6M | $9.9M | $14.3M | $18.7M | $19.5M | $34.3M | $1.2M |
| Deferred revenue | $8.6M | $4.4M | — | $1.6M | — | — | — | — | — | — |
| Total current liabilities | $303.9M | $134.5M | $145.2M | $180.2M | $64.3M | $178.4M | $86.8M | $65.3M | $76.4M | $38.2M |
| Long-term debt | $465.8M | $494.1M | $341.0M | $349.7M | $306.1M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $6.0M | $4.3M | $5.1M | $6.1M | $3.8M | — | — | — | — | — |
| Other long-term liabilities | $303.2M | $282.8M | $242.0M | $216.3M | $149.4M | $275.9M | $154.9M | $138.9M | $149.2M | $160.3M |
| Total liabilities | $1.07B | $911.4M | $728.2M | $746.2M | $519.9M | $454.3M | $241.8M | $204.2M | $225.6M | $198.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1.17B | $935.9M | $719.8M | $715.0M | $626.0M | $472.2M | $446.0M | $434.8M | $384.4M | $381.9M |
| Retained earnings (deficit) | −$112.3M | −$190.7M | −$215.4M | −$226.9M | −$212.4M | −$383.2M | −$395.4M | −$264.3M | −$260.9M | −$290.2M |
| Accumulated other comprehensive income | −$27.3M | −$160.4M | −$61.5M | −$183.1M | −$122.7M | −$115.8M | −$109.0M | −$101.7M | −$76.7M | −$78.4M |
| Minority interest | $0 | $284.5M | $0 | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $1.44B | $798.6M | $624.7M | $495.9M | $478.5M | $153.7M | $117.6M | $245.7M | $224.4M | $182.7M |
| Key figures | ||||||||||
| Total debt | $524.6M | $520.6M | $382.9M | $436.1M | $318.1M | $145.2M | $92.3M | $74.1M | $99.2M | $86.3M |
| Net cash (debt) | −$133.4M | −$268.0M | −$188.3M | −$136.6M | $5.5M | −$22.6M | $2.6M | −$38.5M | −$95.9M | −$83.5M |
| Working capital | $231.7M | $216.3M | $143.9M | $198.0M | $317.7M | $150.3M | $50.1M | $4.4M | −$39.6M | −$11.3M |
| Tangible book value | $1.44B | $798.6M | $624.7M | $495.9M | $478.5M | $153.7M | $117.6M | $245.7M | $224.4M | $153.2M |
| Book value per share | $7.55 | $5.03 | $4.56 | $4.58 | $5.04 | $2.53 | $1.45 | $3.02 | $2.37 | $1.90 |
| Shares outstanding | 191.3M | 158.7M | 137.1M | 108.2M | 94.9M | 60.7M | 81.3M | 81.3M | 94.5M | 96.0M |
| Current ratio | 1.76 | 2.61 | 1.99 | 2.10 | 5.94 | 1.84 | 1.58 | 1.07 | 0.48 | 0.70 |
| Quick ratio | 1.54 | 2.23 | 1.36 | 1.93 | 5.49 | 0.82 | 1.27 | 0.75 | 0.23 | 0.37 |
| Debt / equity | 0.36 | 0.65 | 0.61 | 0.88 | 0.66 | 0.94 | 0.78 | 0.30 | 0.44 | 0.47 |
| Equity / assets | 57.4% | 40.0% | 46.2% | 39.9% | 47.9% | 23.6% | 32.7% | 54.6% | 49.9% | 47.9% |
| 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 | $425.0M | $472.1M | $391.2M | $417.5M | $310.9M | $239.8M | $252.5M | $80.3M | $121.7M | $147.3M | $194.6M | $210.8M |
| Cash & equivalents | $425.0M | $472.1M | $391.2M | $417.5M | $310.9M | $239.8M | $252.5M | $80.3M | $121.7M | $147.3M | $194.6M | $210.8M |
| Receivables | $51.6M | $93.1M | $76.7M | $53.5M | $31.3M | $63.6M | $47.2M | $72.6M | $2.1M | $3.0M | $3.5M | $36.0M |
| Inventory | $66.4M | $57.2M | $56.1M | $57.3M | $56.7M | $50.3M | $45.7M | $46.2M | $44.8M | $41.1M | $38.9M | $37.9M |
| Other current assets | $19.2M | $17.3M | $11.7M | $6.7M | $7.5M | $5.9M | $5.3M | $7.9M | $67.4M | $62.0M | $52.1M | $6.9M |
| Total current assets | $562.2M | $639.7M | $535.7M | $535.0M | $406.3M | $359.7M | $350.8M | $207.0M | $235.9M | $253.5M | $289.1M | $291.6M |
| Property, plant & equipment (net) | $2.22B | $2.03B | $1.94B | $1.83B | $1.78B | $1.71B | $1.63B | $1.61B | $1.56B | $974.1M | $938.6M | $875.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $36.7M | $38.4M | $27.6M | $23.2M | $0 | $12.2M | $12.8M | $13.9M | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.9M | $3.9M | $18.0M | $3.5M | $16.1M | $2.6M | $3.1M | $2.5M | $13.6M | $124.2M | $125.1M | $108.9M |
| Total assets | $2.82B | $2.72B | $2.52B | $2.39B | $2.20B | $2.08B | $1.99B | $1.83B | $1.81B | $1.35B | $1.35B | $1.28B |
| Liabilities | ||||||||||||
| Accounts payable | $126.4M | $101.0M | $114.3M | $86.4M | $82.3M | $65.5M | $69.7M | $51.7M | $54.4M | $45.6M | $55.5M | $43.5M |
| Short-term debt | $53.3M | $76.4M | $56.2M | $54.7M | $26.2M | $33.0M | $23.8M | $20.4M | $25.5M | $32.8M | $38.8M | $30.4M |
| Deferred revenue | $19.4M | $13.6M | $8.6M | $6.0M | $5.5M | $5.0M | $4.4M | $1.7M | $1.7M | $1.7M | — | $3.9M |
| Total current liabilities | $294.8M | $358.7M | $303.9M | $221.5M | $189.3M | $171.0M | $134.5M | $142.7M | $125.4M | $132.2M | $145.2M | $101.5M |
| Long-term debt | $448.0M | $464.1M | $465.8M | $460.0M | $0 | $491.5M | $494.1M | $346.3M | $0 | $0 | $0 | $0 |
| Lease obligations | $6.8M | $5.7M | $6.0M | $4.5M | — | $4.7M | $4.3M | $4.9M | — | — | — | — |
| Other long-term liabilities | $317.8M | $321.1M | $303.2M | $295.8M | $786.9M | $288.3M | $282.8M | $247.4M | $586.5M | $585.7M | $583.0M | $575.9M |
| Total liabilities | $1.06B | $1.14B | $1.07B | $977.3M | $976.2M | $950.9M | $911.4M | $736.4M | $711.9M | $717.9M | $728.2M | $677.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.17B | $1.17B | $1.17B | $1.14B | $1.03B | $944.2M | $935.9M | $932.8M | $928.3M | $733.2M | $719.8M | $718.7M |
| Retained earnings (deficit) | $79.3M | −$14.9M | −$112.3M | −$163.2M | −$205.8M | −$188.5M | −$190.7M | −$212.2M | −$210.5M | −$216.0M | −$215.4M | −$206.1M |
| Accumulated other comprehensive income | $91.1M | −$7.2M | −$27.3M | −$49.4M | −$97.4M | −$126.2M | −$160.4M | −$128.4M | −$114.2M | −$65.1M | −$61.5M | −$105.6M |
| Minority interest | — | $0 | $0 | $291.4M | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.76B | $1.57B | $1.44B | $1.13B | $932.2M | $841.2M | $798.6M | $808.9M | $814.4M | $633.9M | $624.7M | $598.4M |
| Key figures | ||||||||||||
| Total debt | $505.2M | $544.3M | $524.6M | $517.3M | $521.8M | $527.5M | $520.6M | $369.9M | $368.8M | $377.3M | $382.9M | $373.6M |
| Net cash (debt) | −$80.2M | −$72.2M | −$133.4M | −$99.9M | −$211.0M | −$287.6M | −$268.0M | −$289.6M | −$247.1M | −$229.9M | −$188.3M | −$162.8M |
| Working capital | $267.4M | $281.0M | $231.7M | $313.5M | $217.0M | $188.6M | $216.3M | $64.3M | $110.5M | $121.3M | $143.9M | $190.2M |
| Tangible book value | $1.76B | $1.57B | $1.44B | $1.13B | $932.2M | $841.2M | $798.6M | $808.9M | $814.4M | $633.9M | $624.7M | $598.4M |
| Book value per share | $8.42 | $7.52 | $7.10 | $5.56 | $5.18 | $4.88 | $5.27 | $4.76 | $5.35 | $4.58 | $4.57 | $4.35 |
| Shares outstanding | 209.4M | 209.1M | 203.2M | 202.5M | 179.8M | 172.3M | 151.5M | 169.9M | 152.4M | 138.4M | 136.8M | 137.5M |
| Current ratio | 1.91 | 1.78 | 1.76 | 2.42 | 2.15 | 2.10 | 2.61 | 1.45 | 1.88 | 1.92 | 1.99 | 2.87 |
| Quick ratio | 1.62 | 1.58 | 1.54 | 2.13 | 1.81 | 1.77 | 2.23 | 1.07 | 0.99 | 1.14 | 1.36 | 2.43 |
| Debt / equity | 0.29 | 0.35 | 0.36 | 0.46 | 0.56 | 0.63 | 0.65 | 0.46 | 0.45 | 0.60 | 0.61 | 0.62 |
| Equity / assets | 62.4% | 57.9% | 57.4% | 47.0% | 42.4% | 40.5% | 40.0% | 44.2% | 45.0% | 46.9% | 46.2% | 46.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 11, 2026); data from EODHD.
ARIS financial position
At the end of fiscal 2025 (December 31, 2025), Aris Mining had total assets of $2.5 billion (up 26.2% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $1.4 billion. It held $391.2 million in cash and short-term investments against $524.6 million of debt, net debt of $133.4 million. Its current ratio was 1.76. In the latest quarter (ended June 30, 2026) total assets were $2.8 billion and equity $1.8 billion.
Related: ARIS income statement, ARIS cash flow statement, ARIS key metrics. See the ARIS stock overview for the latest quote and news.
ARIS balance sheet FAQ
What are Aris Mining's total assets?
Aris Mining reported total assets of $2.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.0 billion a year earlier.
How much debt does Aris Mining have?
Aris Mining had $524.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.36.
How much cash does Aris Mining have?
Aris Mining held $391.2 million in cash and short-term investments at the end of fiscal 2025; with $524.6 million of debt that is net debt of $133.4 million.
What is Aris Mining's book value?
Aris Mining's shareholders' equity (book value) was $1.4 billion at the end of fiscal 2025, or $7.55 per share.
What is Aris Mining's current ratio?
Aris Mining had current assets of $535.7 million and current liabilities of $303.9 million, a current ratio of 1.76 (it can cover its short-term obligations).