Elemental Royalty Corporation (ELE) Balance Sheet
ELE balance sheet, 2025
December 31, 2025 · U.S. dollars$907.3M assets = $126.9M liabilities + $780.4M equity
Both columns are drawn to the same scale: what ELE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ELE financial health
Descriptive bands, not a rating. Fiscal 2025.
ELE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.3M2016 | $907.3M2025 | +77.2%/yr | |
| Total liabilities | $3.1M2016 | $126.9M2025 | +51.2%/yr | |
| Shareholders’ equity | $2.2M2016 | $780.4M2025 | +92.0%/yr | |
| Cash & short-term investments | $1.8M2016 | $69.3M2025 | +50.4%/yr | |
| Total debt | $588,5262016 | $489,0002025 | −2.0%/yr | |
| Net cash (debt) | $1.2M2016 | $68.8M2025 | +$67.6M | |
| Working capital | −$609,3562016 | $80.1M2025 | +$80.7M | |
| Book value per share | $8.262023 | $24.702025 | +72.9%/yr | |
| Current ratio | 0.802016 | 6.582025 | +5.78 | |
| Debt / equity | 0.272016 | 0.002025 | −0.27 | |
| Shares outstanding | 18.7M2023 | 31.6M2025 | +30.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ELE assets
ELE liabilities and equity
ELE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ELE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $69.3M | $4.5M | $11.2M | $17.5M | $6.1M | $10.9M | $40,509 | $432,808 | $219,980 | $1.8M |
| Cash & equivalents | $53.1M | $4.5M | $11.2M | $17.5M | $6.1M | $10.9M | $40,509 | $432,808 | $219,980 | $1.8M |
| Short-term investments | $16.1M | $0 | — | — | — | — | — | — | — | — |
| Receivables | $25.2M | $16.4M | $7.1M | $2.9M | $2.1M | $1.1M | $2,160 | $259,946 | $530,505 | $395,540 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $88,013 | $317,037 | $174,386 |
| Other current assets | $0 | $247,853 | $407,903 | $19.9M | $251,659 | $112,905 | $1.8M | $47,416 | $75,522 | $76,348 |
| Total current assets | $94.4M | $21.1M | $18.7M | $40.2M | $8.5M | $12.1M | $1.8M | $828,183 | $1.1M | $2.4M |
| Property, plant & equipment (net) | $809.9M | $135.6M | $109.6M | $101.4M | $67.9M | $15.6M | $1,259 | $676,791 | $938,132 | $931,105 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.0M | $43.3M | $46.4M | $41.5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.0M | $4.0M | $13.2M | $2.7M | $0 | $261,836 | $1 | $2.2M | $2.0M | $1.9M |
| Total assets | $907.3M | $204.0M | $188.0M | $185.8M | $76.4M | $28.0M | $1.8M | $3.7M | $4.1M | $5.3M |
| Liabilities | ||||||||||
| Accounts payable | $2.2M | $736,561 | $74,616 | $1.2M | $1.4M | $1.1M | $695,139 | $367,918 | $489,583 | $1.3M |
| Short-term debt | $489,000 | — | — | — | — | — | $1.1M | $887,120 | $806,224 | $560,229 |
| Deferred revenue | — | — | — | — | — | — | — | $145,664 | $26,729 | $9,532 |
| Total current liabilities | $14.3M | $3.3M | $2.0M | $7.4M | $1.6M | $1.1M | $3.1M | $2.5M | $2.6M | $3.0M |
| Long-term debt | $0 | $2.7M | $30.0M | $30.0M | $24.4M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $489,000 | $0 | $0 | $38,000 | $0 | — | — | — | — | — |
| Other long-term liabilities | $112.6M | $1.7M | $1.6M | $2.1M | $0 | $0 | $0 | $159,980 | $441,429 | $51,623 |
| Total liabilities | $126.9M | $7.8M | $33.6M | $39.5M | $26.0M | $1.1M | $3.1M | $2.7M | $3.0M | $3.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $787.7M | $217.3M | $176.5M | $165.0M | $56.4M | $28.8M | $25.3M | $25.9M | $24.5M | $21.4M |
| Retained earnings (deficit) | −$26.3M | −$29.0M | −$29.0M | −$25.9M | −$7.7M | −$3.0M | −$28.7M | −$26.9M | −$25.4M | −$21.1M |
| Accumulated other comprehensive income | $1.5M | $1.4M | $1.3M | $339,845 | $42,941 | $1.1M | $2.2M | $2.0M | $2.0M | $1.9M |
| Total shareholders' equity | $780.4M | $196.3M | $154.4M | $146.4M | $50.4M | $26.9M | −$1.2M | $1.0M | $1.1M | $2.2M |
| Key figures | ||||||||||
| Total debt | $489,000 | $2.7M | $29.8M | $30.0M | $24.4M | — | $1.1M | $917,337 | $865,000 | $588,526 |
| Net cash (debt) | $68.8M | $1.8M | −$18.6M | −$12.6M | −$18.3M | — | −$1.1M | −$484,529 | −$645,020 | $1.2M |
| Working capital | $80.1M | $17.7M | $16.7M | $32.8M | $6.9M | $11.0M | −$1.2M | −$1.7M | −$1.4M | −$609,356 |
| Tangible book value | $780.4M | $196.3M | $154.4M | $146.4M | $50.4M | $26.9M | −$1.2M | $1.0M | $1.1M | $2.2M |
| Book value per share | $24.70 | $9.61 | $8.26 | — | — | — | — | — | — | — |
| Shares outstanding | 31.6M | 20.4M | 18.7M | — | — | — | — | — | — | — |
| Current ratio | 6.58 | 6.30 | 9.42 | 5.44 | 5.32 | 10.69 | 0.60 | 0.32 | 0.44 | 0.80 |
| Quick ratio | 6.58 | 6.22 | 9.22 | 2.76 | 5.16 | 10.59 | 0.01 | 0.27 | 0.29 | 0.71 |
| Debt / equity | 0.00 | 0.01 | 0.19 | 0.21 | 0.48 | — | — | 0.89 | 0.79 | 0.27 |
| Equity / assets | 86.0% | 96.2% | 82.1% | 78.8% | 66.0% | 96.0% | −66.8% | 27.6% | 26.6% | 41.7% |
| 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 | $90.3M | $86.2M | $69.3M | $14.5M | $24.5M | $4.8M | $4.5M | $6.0M | $6.4M | $9.0M | $11.2M | $8.8M |
| Cash & equivalents | $74.2M | $69.3M | $53.1M | $14.5M | $24.5M | $4.8M | $4.5M | $6.0M | $6.4M | $9.0M | $11.2M | $8.8M |
| Short-term investments | $16.1M | $16.8M | $16.1M | — | — | — | $0 | — | — | — | — | — |
| Receivables | $27.5M | $25.0M | $25.2M | $9.0M | $10.2M | $22.5M | $16.4M | $15.0M | $15.9M | $6.6M | $7.1M | $3.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $1 | $0 | $128,874 | $181,404 | $215,011 | $247,853 | $81,871 | $424,938 | $441,545 | $407,903 | $19.6M |
| Total current assets | $117.8M | $111.2M | $94.4M | $23.7M | $34.9M | $27.5M | $21.1M | $21.1M | $22.8M | $16.0M | $18.7M | $31.9M |
| Property, plant & equipment (net) | $2.5M | $803.9M | $809.9M | $141.3M | $127.0M | $130.4M | $135.6M | $110.2M | $107.2M | $108.4M | $109.6M | $111.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $990,000 | $996,000 | $1.0M | $40.2M | $40.6M | $43.0M | $43.3M | $43.6M | $0 | $0 | $0 | $0 |
| Other non-current assets | $801.1M | $3.0M | $2.0M | $4.2M | $4.4M | $4.3M | $4.0M | $4.0M | $48.3M | $58.3M | $59.6M | $46.0M |
| Total assets | $922.3M | $919.1M | $907.3M | $209.4M | $206.9M | $205.1M | $204.0M | $178.9M | $178.2M | $182.8M | $188.0M | $189.4M |
| Liabilities | ||||||||||||
| Accounts payable | $8.2M | $1.1M | $2.2M | $359,649 | $227,505 | $108,005 | $736,561 | $140,777 | $139,979 | $181,812 | $74,616 | $246,811 |
| Short-term debt | — | $460,509 | $489,000 | — | — | — | — | — | — | — | — | $14,928 |
| Total current liabilities | $21.5M | $18.4M | $14.3M | $2.3M | $3.5M | $2.8M | $3.3M | $2.4M | $2.0M | $1.9M | $2.0M | $6.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $2.7M | $19.8M | $0 | $0 | $0 | $0 |
| Lease obligations | — | $459,000 | $489,000 | — | — | — | $0 | — | — | — | — | — |
| Other long-term liabilities | $114.2M | $113.3M | $112.6M | $1.7M | $1.8M | $1.7M | $1.7M | $1.7M | $21.5M | $26.7M | $31.6M | $31.5M |
| Total liabilities | $135.7M | $131.7M | $126.9M | $4.0M | $5.2M | $4.5M | $7.8M | $23.9M | $23.5M | $28.6M | $33.6M | $37.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $794.6M | $796.4M | $787.7M | $220.3M | $217.9M | $217.5M | $217.3M | $176.5M | $177.4M | $177.2M | $176.5M | $176.6M |
| Retained earnings (deficit) | −$25.4M | −$27.2M | −$26.3M | −$23.1M | −$25.2M | −$25.6M | −$29.0M | −$29.3M | −$29.9M | −$29.9M | −$29.0M | −$31.9M |
| Accumulated other comprehensive income | $1.1M | $1.6M | $1.5M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.3M | $1.1M | $1.3M | $700,625 |
| Total shareholders' equity | $786.6M | $787.4M | $780.4M | $205.3M | $201.7M | $200.6M | $196.3M | $155.0M | $154.7M | $154.2M | $154.4M | $151.7M |
| Key figures | ||||||||||||
| Total debt | — | $460,509 | $489,000 | — | — | — | $2.7M | $19.8M | $19.7M | $25.0M | $29.8M | $29.9M |
| Net cash (debt) | — | $85.7M | $68.8M | — | — | — | $1.8M | −$13.8M | −$13.3M | −$16.0M | −$18.6M | −$21.0M |
| Working capital | $96.3M | $92.8M | $80.1M | $21.4M | $31.5M | $24.7M | $17.7M | $18.7M | $20.8M | $14.1M | $16.7M | $25.7M |
| Tangible book value | $786.6M | $787.4M | $780.4M | $205.3M | $201.7M | $200.6M | $196.3M | $155.0M | $154.7M | $154.2M | $154.4M | $151.7M |
| Book value per share | $11.82 | $11.87 | $17.02 | $8.34 | $8.21 | $8.16 | $7.99 | $7.94 | $7.89 | $7.87 | $7.88 | $8.21 |
| Shares outstanding | 66.5M | 66.4M | 45.8M | 24.6M | 24.6M | 24.6M | 24.6M | 19.5M | 19.6M | 19.6M | 19.6M | 18.5M |
| Current ratio | 5.48 | 6.04 | 6.58 | 10.33 | 10.10 | 9.97 | 6.30 | 8.95 | 11.42 | 8.34 | 9.42 | 5.13 |
| Quick ratio | 5.48 | 6.04 | 6.58 | 10.27 | 10.04 | 9.89 | 6.22 | 8.91 | 11.21 | 8.11 | 9.22 | 1.98 |
| Debt / equity | — | 0.00 | 0.00 | — | — | — | 0.01 | 0.13 | 0.13 | 0.16 | 0.19 | 0.20 |
| Equity / assets | 85.3% | 85.7% | 86.0% | 98.1% | 97.5% | 97.8% | 96.2% | 86.6% | 86.8% | 84.4% | 82.1% | 80.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
ELE financial position
At the end of fiscal 2025 (December 31, 2025), Elemental Royalty had total assets of $907.3 million (up 344.7% from a year earlier), total liabilities of $126.9 million and shareholders' equity of $780.4 million. It held $69.3 million in cash and short-term investments against $0.5 million of debt, a net cash position of $68.8 million. Its current ratio was 6.58. In the latest quarter (ended June 30, 2026) total assets were $922.3 million and equity $786.6 million.
Related: ELE income statement, ELE cash flow statement, ELE key metrics. See the ELE stock overview for the latest quote and news.
ELE balance sheet FAQ
What are Elemental Royalty's total assets?
Elemental Royalty reported total assets of $907.3 million at the end of fiscal 2025 (December 31, 2025), compared with $204.0 million a year earlier.
How much debt does Elemental Royalty have?
Elemental Royalty had $0.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Elemental Royalty have?
Elemental Royalty held $69.3 million in cash and short-term investments at the end of fiscal 2025; with $0.5 million of debt that is net cash of $68.8 million.
What is Elemental Royalty's book value?
Elemental Royalty's shareholders' equity (book value) was $780.4 million at the end of fiscal 2025, or $24.70 per share.
What is Elemental Royalty's current ratio?
Elemental Royalty had current assets of $94.4 million and current liabilities of $14.3 million, a current ratio of 6.58 (it can cover its short-term obligations).