Avino Silver & Gold Mines Ltd. (ASM) Balance Sheet
ASM balance sheet, 2025
December 31, 2025 · U.S. dollars$287.2M assets = $53.6M liabilities + $233.6M equity
Both columns are drawn to the same scale: what ASM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ASM financial health
Descriptive bands, not a rating. Fiscal 2025.
ASM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $94.3M2016 | $287.2M2025 | +13.2%/yr | |
| Total liabilities | $32.3M2016 | $53.6M2025 | +5.8%/yr | |
| Shareholders’ equity | $62.0M2016 | $233.6M2025 | +15.9%/yr | |
| Cash & short-term investments | $21.8M2016 | $101.5M2025 | +18.7%/yr | |
| Total debt | $14.3M2016 | $6.0M2025 | −9.2%/yr | |
| Net cash (debt) | $7.5M2016 | $95.5M2025 | +$88.1M | |
| Working capital | $23.3M2016 | $99.4M2025 | +$76.1M | |
| Book value per share | $1.422016 | $1.482025 | +0.5%/yr | |
| Current ratio | 2.972016 | 4.062025 | +1.09 | |
| Debt / equity | 0.232016 | 0.032025 | −0.20 | |
| Shares outstanding | 43.8M2016 | 157.8M2025 | +15.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ASM assets
ASM liabilities and equity
ASM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ASM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $101.5M | $27.3M | $2.7M | $11.2M | $24.8M | $11.7M | $9.6M | $3.3M | $4.4M | $21.8M |
| Cash & equivalents | $101.5M | $27.3M | $2.7M | $11.2M | $24.8M | $11.7M | $9.6M | $3.3M | $3.4M | $11.8M |
| Short-term investments | — | — | $13,753 | — | — | — | — | $0 | $1.0M | $10.0M |
| Receivables | $13.9M | $3.6M | $10.1M | $6.4M | $4.6M | $5.6M | $7.0M | $9.4M | $11.0M | $6.6M |
| Inventory | $12.2M | $7.6M | $8.8M | $6.3M | $5.2M | $1.7M | $5.6M | $9.2M | $9.1M | $5.8M |
| Other current assets | $4.2M | $2.3M | $2.0M | $1.7M | $962,000 | $757,000 | $594,000 | $1.0M | $2.1M | $964,173 |
| Total current assets | $131.8M | $40.8M | $23.5M | $25.6M | $35.5M | $19.7M | $22.8M | $22.9M | $26.6M | $35.1M |
| Property, plant & equipment (net) | $125.1M | $106.7M | $103.2M | $93.9M | $46.7M | $44.9M | $45.5M | $85.5M | $75.3M | $59.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $4.2M | $1.2M | $934,000 | $1.7M | $3.9M | $4.2M | $3.2M | $10,000 | $33,773 | $26,689 |
| Other non-current assets | $26.1M | $4,000 | $691,000 | $5,000 | $133,000 | $4,000 | $1.1M | $107,000 | $713,830 | $108,252 |
| Total assets | $287.2M | $148.7M | $128.3M | $121.2M | $86.3M | $68.8M | $72.6M | $108.6M | $102.6M | $94.3M |
| Liabilities | ||||||||||
| Accounts payable | $14.2M | $10.3M | $11.9M | $9.5M | $3.3M | $2.1M | $4.9M | $5.9M | $3.5M | $3.7M |
| Short-term debt | $2.8M | $1.6M | $1.8M | $5.9M | $389,000 | $2.8M | $891,000 | $2.5M | $6.0M | $7.1M |
| Deferred revenue | — | — | $1 | — | — | — | $202,000 | $573,000 | — | $978,491 |
| Total current liabilities | $32.4M | $15.5M | $13.8M | $16.8M | $3.8M | $5.0M | $9.6M | $9.8M | $10.2M | $11.8M |
| Long-term debt | $3.2M | $987,000 | $1.6M | $745,000 | $680,000 | $278,000 | $3.0M | $7.2M | $6.3M | $7.2M |
| Lease obligations | $5.6M | $2.4M | $3.1M | $1.7M | $1.1M | $486,000 | $1.1M | $1.8M | $2.3M | $2.8M |
| Other long-term liabilities | $18.0M | $6.8M | $6.9M | $5.7M | $3.2M | $4.5M | $6.0M | $16.4M | $17.3M | $13.3M |
| Total liabilities | $53.6M | $23.3M | $22.3M | $23.2M | $7.8M | $9.8M | $18.6M | $33.4M | $33.8M | $32.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $242.9M | $163.3M | $151.7M | $145.5M | $130.0M | $108.3M | $96.4M | $88.0M | $81.5M | $68.1M |
| Retained earnings (deficit) | −$16.6M | −$43.3M | −$51.4M | −$52.0M | −$56.0M | −$54.3M | −$47.2M | −$16.5M | −$19.1M | −$16.6M |
| Treasury stock | — | — | — | — | −$97,000 | −$97,000 | −$97,000 | −$97,000 | −$97,100 | −$97,000 |
| Accumulated other comprehensive income | $7.4M | $5.5M | $5.8M | $4.6M | $4.6M | $5.1M | $4.8M | $3.7M | $6.5M | $10.6M |
| Minority interest | — | — | — | — | — | — | — | — | — | $0 |
| Total shareholders' equity | $233.6M | $125.4M | $106.0M | $98.0M | $78.5M | $59.0M | $53.9M | $75.2M | $68.8M | $62.0M |
| Key figures | ||||||||||
| Total debt | $6.0M | $2.6M | $3.5M | $6.6M | $1.1M | $3.1M | $3.9M | $9.6M | $12.3M | $14.3M |
| Net cash (debt) | $95.5M | $24.7M | −$766,000 | $4.6M | $23.7M | $8.6M | $5.7M | −$6.4M | −$7.8M | $7.5M |
| Working capital | $99.4M | $25.2M | $9.7M | $8.8M | $31.6M | $14.7M | $13.2M | $13.1M | $16.4M | $23.3M |
| Tangible book value | $233.6M | $125.4M | $106.0M | $98.0M | $78.5M | $59.0M | $53.9M | $75.2M | $68.8M | $62.0M |
| Book value per share | $1.48 | $0.89 | $0.85 | $0.83 | $0.78 | $0.71 | $0.77 | $1.25 | $1.29 | $1.42 |
| Shares outstanding | 157.8M | 141.3M | 125.3M | 117.6M | 100.2M | 83.2M | 70.0M | 60.0M | 53.3M | 43.8M |
| Current ratio | 4.06 | 2.62 | 1.70 | 1.53 | 9.23 | 3.92 | 2.38 | 2.33 | 2.61 | 2.97 |
| Quick ratio | 3.56 | 1.99 | 0.92 | 1.05 | 7.63 | 3.44 | 1.73 | 1.29 | 1.51 | 2.40 |
| Debt / equity | 0.03 | 0.02 | 0.03 | 0.07 | 0.01 | 0.05 | 0.07 | 0.13 | 0.18 | 0.23 |
| Equity / assets | 81.3% | 84.3% | 82.6% | 80.9% | 91.0% | 85.8% | 74.3% | 69.2% | 67.0% | 65.8% |
| 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 | $144.8M | $139.1M | $101.5M | $57.3M | $37.3M | $26.6M | $27.3M | $7.8M | $5.3M | $3.5M | $2.7M | $1.9M |
| Cash & equivalents | $144.8M | $139.1M | $101.5M | $57.3M | $37.3M | $26.6M | $27.3M | $7.8M | $5.3M | $3.5M | $2.7M | $1.9M |
| Short-term investments | — | — | — | — | — | — | — | — | $1 | — | — | — |
| Receivables | $2.0M | $13.9M | $13.9M | $6.1M | $7.4M | $6.6M | $3.6M | $6.5M | $8.2M | $8.5M | $10.1M | $2.5M |
| Inventory | $15.9M | $12.8M | $12.2M | $12.0M | $10.5M | $9.9M | $7.6M | $10.9M | $9.9M | $8.3M | $8.8M | $8.9M |
| Other current assets | $7.1M | $3.7M | $4.2M | $4.3M | $4.0M | $3.1M | $2.3M | $2.4M | $2.4M | $2.1M | $2.0M | $7.9M |
| Total current assets | $169.8M | $169.5M | $131.8M | $79.7M | $59.2M | $46.2M | $40.8M | $27.6M | $25.8M | $22.4M | $23.5M | $21.1M |
| Property, plant & equipment (net) | $147.7M | $128.6M | $125.1M | $136.3M | $111.7M | $108.2M | $106.7M | $106.3M | $105.6M | $52.5M | $103.2M | $101.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $3.2M | $4.2M | $4.2M | $3.6M | $1.7M | $1.7M | $1.2M | $1.5M | $1.7M | $1.0M | $934,000 | $891,000 |
| Other non-current assets | $1.8M | $17.5M | $26.1M | $2.3M | $2.1M | $1.6M | $4,000 | $4,000 | $635,000 | $52.6M | $691,000 | $4,000 |
| Total assets | $322.5M | $319.9M | $287.2M | $221.9M | $174.7M | $157.7M | $148.7M | $135.4M | $133.7M | $128.5M | $128.3M | $123.5M |
| Liabilities | ||||||||||||
| Accounts payable | $11.2M | $12.1M | $14.2M | $12.8M | $12.2M | $10.1M | $10.3M | $9.2M | $9.9M | $10.7M | $11.9M | $11.7M |
| Short-term debt | $3.7M | $3.5M | $2.8M | $2.5M | $3.0M | $2.5M | $1.6M | $1.7M | $1.8M | $1.6M | $1.8M | $1.9M |
| Deferred revenue | — | — | — | — | — | — | — | — | $1 | $1 | $1 | — |
| Total current liabilities | $29.0M | $29.4M | $32.4M | $29.0M | $18.5M | $14.8M | $15.5M | $11.7M | $12.2M | $12.6M | $13.8M | $13.7M |
| Long-term debt | $1.1M | $366,000 | $3.2M | $2.1M | $2.5M | $2.5M | $987,000 | $1.4M | $110,000 | $151,000 | $195,000 | $234,000 |
| Lease obligations | $6.6M | $7.6M | $5.6M | $4.2M | $4.9M | $4.4M | $2.4M | $2.9M | $3.3M | $2.7M | $3.1M | $3.1M |
| Other long-term liabilities | $9.9M | $13.9M | $18.0M | $8.7M | $8.9M | $8.1M | $6.8M | $7.8M | $9.1M | $8.0M | $8.3M | $6.9M |
| Total liabilities | $40.0M | $43.6M | $53.6M | $39.7M | $29.9M | $25.4M | $23.3M | $20.9M | $21.5M | $20.8M | $22.3M | $20.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $271.1M | $272.9M | $242.9M | $203.4M | $173.5M | $165.0M | $163.3M | $156.9M | $156.2M | $152.9M | $151.7M | $149.8M |
| Retained earnings (deficit) | $10.2M | −$704,308 | −$16.6M | −$27.1M | −$34.8M | −$37.7M | −$43.3M | −$48.4M | −$49.6M | −$50.8M | −$51.4M | −$52.0M |
| Accumulated other comprehensive income | $1.3M | $4.2M | $7.4M | $5.9M | $6.2M | $5.1M | $5.5M | $6.1M | $5.7M | $5.6M | $5.8M | $5.0M |
| Total shareholders' equity | $282.6M | $276.3M | $233.6M | $182.1M | $144.8M | $132.3M | $125.4M | $114.5M | $112.2M | $107.7M | $106.0M | $102.7M |
| Key figures | ||||||||||||
| Total debt | $8.6M | $8.4M | $6.0M | $4.7M | $5.4M | $5.0M | $2.6M | $3.1M | $3.6M | $2.7M | $3.5M | $3.5M |
| Net cash (debt) | $136.2M | $130.7M | $95.5M | $52.7M | $31.8M | $21.6M | $24.7M | $4.6M | $1.7M | $724,252 | −$766,000 | −$1.7M |
| Working capital | $140.8M | $140.2M | $99.4M | $50.8M | $40.6M | $31.3M | $25.2M | $15.9M | $13.6M | $9.8M | $9.7M | $7.4M |
| Tangible book value | $282.6M | $276.3M | $233.6M | $182.1M | $144.8M | $132.3M | $125.4M | $114.5M | $112.2M | $107.7M | $106.0M | $102.7M |
| Book value per share | $1.61 | $1.59 | $1.42 | $1.16 | $0.94 | $0.89 | $0.84 | $0.91 | $0.81 | $0.81 | $0.83 | $0.84 |
| Shares outstanding | 175.5M | 173.6M | 164.4M | 157.1M | 154.1M | 147.8M | 149.2M | 126.2M | 138.9M | 133.0M | 127.8M | 122.4M |
| Current ratio | 5.85 | 5.78 | 4.06 | 2.75 | 3.19 | 3.11 | 2.62 | 2.36 | 2.11 | 1.77 | 1.70 | 1.54 |
| Quick ratio | 5.06 | 5.21 | 3.56 | 2.19 | 2.41 | 2.24 | 1.99 | 1.22 | 1.11 | 0.95 | 0.92 | 0.32 |
| Debt / equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Equity / assets | 87.6% | 86.4% | 81.3% | 82.1% | 82.9% | 83.9% | 84.3% | 84.6% | 83.9% | 83.8% | 82.6% | 83.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 27, 2026); data from EODHD.
ASM financial position
At the end of fiscal 2025 (December 31, 2025), Avino Silver & Gold Mines had total assets of $287.2 million (up 93.1% from a year earlier), total liabilities of $53.6 million and shareholders' equity of $233.6 million. It held $101.5 million in cash and short-term investments against $6.0 million of debt, a net cash position of $95.5 million. Its current ratio was 4.06. In the latest quarter (ended June 30, 2026) total assets were $322.5 million and equity $282.6 million.
Related: ASM income statement, ASM cash flow statement, ASM key metrics. See the ASM stock overview for the latest quote and news.
ASM balance sheet FAQ
What are Avino Silver & Gold Mines's total assets?
Avino Silver & Gold Mines reported total assets of $287.2 million at the end of fiscal 2025 (December 31, 2025), compared with $148.7 million a year earlier.
How much debt does Avino Silver & Gold Mines have?
Avino Silver & Gold Mines had $6.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.03.
How much cash does Avino Silver & Gold Mines have?
Avino Silver & Gold Mines held $101.5 million in cash and short-term investments at the end of fiscal 2025; with $6.0 million of debt that is net cash of $95.5 million.
What is Avino Silver & Gold Mines's book value?
Avino Silver & Gold Mines's shareholders' equity (book value) was $233.6 million at the end of fiscal 2025, or $1.48 per share.
What is Avino Silver & Gold Mines's current ratio?
Avino Silver & Gold Mines had current assets of $131.8 million and current liabilities of $32.4 million, a current ratio of 4.06 (it can cover its short-term obligations).