ASA Gold and Precious Metals Limited (ASA) Balance Sheet
ASA balance sheet, FY2025
November 30, 2025 · U.S. dollars$1.10B assets = $2.1M liabilities + $1.10B equity
Both columns are drawn to the same scale: what ASA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ASA financial health
Descriptive bands, not a rating. Fiscal FY2025.
ASA balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $245.0MFY2016 | $1.10BFY2025 | +18.2%/yr | |
| Total liabilities | $1.8MFY2016 | $2.1MFY2025 | +1.8%/yr | |
| Shareholders’ equity | $243.2MFY2016 | $1.10BFY2025 | +18.3%/yr | |
| Cash & short-term investments | $4.3MFY2016 | $4.1MFY2025 | −0.4%/yr | |
| Total debt | $0FY2016 | $112,293FY2024 | — | |
| Net cash (debt) | $4.3MFY2016 | $4.6MFY2024 | +$360,335 | |
| Working capital | $4.2MFY2016 | $6.7MFY2025 | +$2.5M | |
| Book value per share | $12.62FY2016 | $58.54FY2025 | +18.6%/yr | |
| Current ratio | 26.84FY2016 | 6.28FY2025 | −20.57 | |
| Debt / equity | 0.00FY2016 | 0.00FY2024 | 0.00 | |
| Shares outstanding | 19.3MFY2016 | 18.8MFY2025 | −0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ASA assets
ASA liabilities and equity
ASA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ASA balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.1M | $4.8M | $4.8M | $909,511 | $79,943 | $1.3M | $4.6M | $3.4M | $3.7M | $4.3M |
| Cash & equivalents | $4.1M | $4.8M | $4.8M | $909,511 | $79,943 | $1.3M | $4.6M | $3.4M | $3.7M | $4.3M |
| Receivables | $3.7M | $522,522 | $328,234 | $183,835 | $236,792 | $177,150 | $116,311 | $102,658 | $718,149 | $74,860 |
| Inventory | $0 | $0 | −$88,561 | $1 | $1 | $1.5M | $0 | $0 | $1 | $0 |
| Other current assets | $224,998 | $45,041 | $177,122 | $104,176 | $104,176 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $8.0M | $5.3M | $5.2M | $1.2M | $420,912 | $1.6M | $4.7M | $3.6M | $4.4M | $4.4M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.09B | $440.1M | $330.4M | $325.9M | $482.3M | $463.1M | $281.8M | $192.3M | $241.0M | $240.5M |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $109,070 | $183,921 | $176,018 | $191,553 |
| Total assets | $1.10B | $445.4M | $335.6M | $326.3M | $482.7M | $464.7M | $286.6M | $196.1M | $245.6M | $245.0M |
| Liabilities | ||||||||||
| Accounts payable | $18,029 | $54,566 | — | — | — | — | — | $182,942 | $164,804 | $162,199 |
| Short-term debt | — | $112,293 | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $1.3M | $54,566 | $370,577 | $312,364 | $462,254 | $433,566 | $321,913 | $182,942 | $164,804 | $162,199 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $828,405 | $1.2M | $335,956 | $379,242 | $795,712 | $803,358 | $733,262 | $1.1M | $1.2M | $1.6M |
| Total liabilities | $2.1M | $1.2M | $706,533 | $691,606 | $462,254 | $803,358 | $733,262 | $1.2M | $1.4M | $1.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $18.8M | $19.0M | $19.3M | $19.3M | $19.3M | $19.3M | $19.3M | $19.3M | $19.3M | $19.3M |
| Retained earnings (deficit) | $1.08B | $423.8M | $314.3M | $304.9M | $461.2M | $443.3M | $265.2M | $174.2M | $223.5M | $9.8M |
| Accumulated other comprehensive income | — | — | — | — | $0 | $0 | — | — | $28.5M | $18.3M |
| Total shareholders' equity | $1.10B | $444.2M | $334.9M | $325.6M | $481.9M | $463.9M | $285.9M | $194.8M | $244.2M | $243.2M |
| Key figures | ||||||||||
| Total debt | — | $112,293 | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Net cash (debt) | — | $4.6M | — | — | $79,943 | $1.3M | $4.6M | $3.4M | $3.7M | $4.3M |
| Working capital | $6.7M | $5.3M | $4.9M | $885,159 | −$41,342 | $1.2M | $4.4M | $3.4M | $4.2M | $4.2M |
| Tangible book value | $1.10B | $444.2M | $334.9M | $325.6M | $481.9M | $463.9M | $285.9M | $194.8M | $244.2M | $243.2M |
| Book value per share | $58.54 | $23.11 | $17.22 | $16.88 | $24.95 | $24.05 | $14.82 | $10.10 | $12.60 | $12.62 |
| Shares outstanding | 18.8M | 19.2M | 19.5M | 19.3M | 19.3M | 19.3M | 19.3M | 19.3M | 19.4M | 19.3M |
| Current ratio | 6.28 | 97.48 | 14.13 | 3.83 | 0.91 | 3.73 | 14.60 | 19.42 | 26.67 | 26.84 |
| Quick ratio | 6.10 | 96.65 | 13.89 | 3.50 | 0.69 | 3.43 | 14.60 | 19.42 | 26.67 | 26.84 |
| Debt / equity | — | 0.00 | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 99.8% | 99.7% | 99.8% | 99.8% | 99.8% | 99.8% | 99.7% | 99.4% | 99.4% | 99.3% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.9M | $3.9M | $4.1M | $14,406 | $4.1M | $158,625 | $4.8M | $845,868 | $77,926 | $2.1M | $4.8M | — |
| Cash & equivalents | $3.9M | $3.9M | $4.1M | $14,406 | $4.1M | $158,625 | $4.8M | $845,868 | $77,926 | $2.1M | $4.8M | — |
| Receivables | $4.0M | $4.0M | $3.7M | $11.7M | $783,217 | $2.0M | $522,522 | $540,294 | $416,045 | $638,225 | $328,234 | $6.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$88,561 | $0 |
| Other current assets | $0 | $352,302 | $224,997 | $126,102 | $136,277 | $1.3M | $45,041 | $17,580 | $53,137 | $60,003 | $177,122 | $261,374 |
| Total current assets | $7.9M | $8.3M | $8.0M | $11.8M | $5.0M | $3.5M | $5.3M | $1.4M | $547,108 | $2.8M | $5.2M | $6.5M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $1.09B | $0 | $661.1M | $0 | $440.1M | $0 | $409.5M | $0 | $330.4M | $334.3M |
| Other non-current assets | $1.36B | $1.36B | $0 | $810.7M | $0 | $521.3M | $0 | $423.7M | $0 | $309.0M | $0 | $0 |
| Total assets | $1.36B | $1.36B | $1.10B | $822.5M | $666.1M | $524.8M | $445.4M | $425.1M | $410.1M | $311.8M | $335.6M | $340.7M |
| Liabilities | ||||||||||||
| Accounts payable | $6.9M | $6.9M | $18,029 | — | — | — | $54,566 | $1.7M | — | — | — | — |
| Short-term debt | — | — | — | — | — | — | $112,293 | — | — | — | — | — |
| Total current liabilities | $7.9M | $7.9M | $1.3M | $11.1M | $2.6M | $753,814 | $54,566 | $2.6M | $745,479 | $327,469 | $370,577 | $1.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $755,233 | $755,233 | $828,405 | $322,471 | $3.0M | $331,787 | $1.2M | $345,464 | $345,564 | $325,980 | $335,956 | $1.6M |
| Total liabilities | $8.6M | $8.6M | $2.1M | $11.4M | $3.0M | $1.1M | $1.2M | $2.9M | $1.1M | $653,449 | $706,533 | $1.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $18.4M | $18.4M | $18.8M | $18.9M | $18.9M | $18.9M | $19.0M | $19.1M | $19.3M | $19.3M | $19.3M | $19.3M |
| Retained earnings (deficit) | $1.34B | $1.34B | $1.08B | $790.9M | $643.0M | $503.4M | $423.8M | $401.8M | $388.3M | $290.5M | $314.3M | $318.4M |
| Total shareholders' equity | $1.36B | $1.36B | $1.10B | $811.1M | $663.2M | $523.7M | $444.2M | $422.2M | $409.0M | $311.1M | $334.9M | $339.1M |
| Key figures | ||||||||||||
| Total debt | — | — | — | — | — | — | $112,293 | — | — | — | — | — |
| Net cash (debt) | — | — | — | — | — | — | $4.6M | — | — | — | — | — |
| Working capital | $38,008 | $390,310 | $6.7M | $714,679 | $2.4M | $2.7M | $5.3M | −$1.2M | −$198,371 | $2.5M | $4.9M | $5.2M |
| Tangible book value | $1.36B | $1.36B | $1.10B | $811.1M | $663.2M | $523.7M | $444.2M | $422.2M | $409.0M | $311.1M | $334.9M | $339.1M |
| Book value per share | $73.87 | $73.87 | $58.54 | $42.98 | $35.14 | $27.69 | $23.36 | $22.10 | $21.20 | $16.13 | $17.36 | $17.58 |
| Shares outstanding | 18.4M | 18.4M | 18.8M | 18.9M | 18.9M | 18.9M | 19.0M | 19.1M | 19.3M | 19.3M | 19.3M | 19.3M |
| Current ratio | 1.00 | 1.05 | 6.28 | 1.06 | 1.92 | 4.59 | 97.48 | 0.55 | 0.73 | 8.68 | 14.13 | 5.00 |
| Quick ratio | 1.00 | 1.00 | 6.10 | 1.05 | 1.87 | 2.90 | 96.65 | 0.54 | 0.66 | 8.50 | 13.89 | 4.80 |
| Debt / equity | — | — | — | — | — | — | 0.00 | — | — | — | — | — |
| Equity / assets | 99.4% | 99.4% | 99.8% | 98.6% | 99.6% | 99.8% | 99.7% | 99.3% | 99.7% | 99.8% | 99.8% | 99.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 30, 2025); data from EODHD.
ASA financial position
At the end of fiscal 2025 (November 30, 2025), ASA Gold and Precious Metals had total assets of $1.1 billion (up 147.4% from a year earlier), total liabilities of $2.1 million and shareholders' equity of $1.1 billion. Its current ratio was 6.28. In the latest quarter (ended May 31, 2026) total assets were $1.4 billion and equity $1.4 billion.
Related: ASA income statement, ASA cash flow statement, ASA key metrics. See the ASA stock overview for the latest quote and news.
ASA balance sheet FAQ
What are ASA Gold and Precious Metals's total assets?
ASA Gold and Precious Metals reported total assets of $1.1 billion at the end of fiscal 2025 (November 30, 2025), compared with $445.4 million a year earlier.
How much cash does ASA Gold and Precious Metals have?
ASA Gold and Precious Metals held $4.1 million in cash and short-term investments at the end of fiscal 2025.
What is ASA Gold and Precious Metals's book value?
ASA Gold and Precious Metals's shareholders' equity (book value) was $1.1 billion at the end of fiscal 2025, or $58.54 per share.
What is ASA Gold and Precious Metals's current ratio?
ASA Gold and Precious Metals had current assets of $8.0 million and current liabilities of $1.3 million, a current ratio of 6.28 (it can cover its short-term obligations).