Endeavour Silver Corp. (EXK) Balance Sheet
EXK balance sheet, 2025
December 31, 2025 · U.S. dollars$1.23B assets = $655.4M liabilities + $578.0M equity
Both columns are drawn to the same scale: what EXK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
EXK financial health
Descriptive bands, not a rating. Fiscal 2025.
EXK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $180.5M2016 | $1.23B2025 | +23.8%/yr | |
| Total liabilities | $47.3M2016 | $655.4M2025 | +33.9%/yr | |
| Shareholders’ equity | $133.3M2016 | $578.0M2025 | +17.7%/yr | |
| Cash & short-term investments | $72.4M2016 | $216.0M2025 | +12.9%/yr | |
| Total debt | $9.0M2016 | $243.5M2025 | +44.3%/yr | |
| Net cash (debt) | $63.4M2016 | −$27.4M2025 | −$90.9M | |
| Working capital | $81.6M2016 | $146.1M2025 | +$64.6M | |
| Book value per share | $1.122016 | $2.042025 | +6.9%/yr | |
| Current ratio | 3.562016 | 1.532025 | −2.03 | |
| Debt / equity | 0.072016 | 0.422025 | +0.35 | |
| Shares outstanding | 119.0M2016 | 283.1M2025 | +10.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EXK assets
EXK liabilities and equity
EXK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
EXK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $216.0M | $107.5M | $40.4M | $92.0M | $114.5M | $65.8M | $23.4M | $33.5M | $38.4M | $72.4M |
| Cash & equivalents | $215.0M | $106.4M | $35.3M | $83.4M | $103.3M | $61.1M | $23.4M | $33.4M | $38.3M | $72.3M |
| Short-term investments | $998,180 | $1.1M | $5.1M | $8.6M | $11.2M | $4.8M | $69,000 | $88,000 | $168,000 | $85,000 |
| Receivables | $89.6M | $10.5M | $25.5M | $18.2M | $14.6M | $20.2M | $22.9M | $26.9M | $34.0M | $25.6M |
| Inventory | $62.2M | $36.0M | $27.3M | $19.2M | $27.5M | $16.6M | $13.6M | $14.9M | $13.1M | $13.4M |
| Other current assets | $54.6M | $3.7M | $7.5M | $17.0M | $5.1M | $2.3M | $3.3M | $2.7M | $2.9M | $2.0M |
| Total current assets | $422.4M | $157.6M | $100.8M | $146.3M | $161.8M | $105.0M | $63.3M | $78.0M | $88.5M | $113.4M |
| Property, plant & equipment (net) | $787.7M | $524.5M | $335.6M | $234.7M | $122.9M | $88.8M | $89.7M | $88.8M | $88.8M | $66.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $40,000 | $492,000 | $975,000 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $23.4M | $37.1M | $38.4M | $17.0M | $9.4M | $16.3M | $9.8M | $10.3M | $1.3M | $842,000 |
| Total assets | $1.23B | $719.2M | $474.8M | $399.4M | $294.0M | $210.6M | $163.7M | $177.0M | $178.6M | $180.5M |
| Liabilities | ||||||||||
| Accounts payable | $111.3M | $53.9M | $46.6M | $39.8M | $32.0M | $27.8M | $15.7M | $13.9M | $14.2M | $11.3M |
| Short-term debt | $8.8M | $5.2M | $4.3M | $6.3M | $4.3M | $3.8M | $3.1M | $0 | $0 | $9.0M |
| Deferred revenue | — | — | $7.8M | — | — | — | — | — | — | — |
| Total current liabilities | $276.3M | $78.9M | $58.2M | $52.7M | $40.6M | $34.6M | $24.8M | $23.5M | $22.3M | $31.9M |
| Long-term debt | $235.1M | $115.0M | $5.2M | $9.3M | $7.2M | $7.0M | $7.0M | $0 | $0 | $0 |
| Lease obligations | — | — | $1.0M | $1.1M | $1.0M | $1.1M | $1.2M | — | — | $0 |
| Other long-term liabilities | $144.0M | $40.9M | $25.0M | $21.5M | $8.9M | $10.0M | $9.1M | $8.7M | $9.8M | $15.4M |
| Total liabilities | $655.4M | $234.8M | $88.5M | $83.5M | $56.6M | $51.5M | $40.9M | $32.3M | $32.1M | $47.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $981.2M | $851.0M | $722.7M | $657.9M | $585.4M | $517.7M | $482.2M | $459.1M | $450.7M | $449.6M |
| Retained earnings (deficit) | −$490.4M | −$372.2M | −$340.9M | −$348.1M | −$354.3M | −$368.3M | −$370.9M | −$324.0M | −$313.1M | −$323.1M |
| Accumulated other comprehensive income | — | — | — | — | $0 | $0 | $0 | $0 | $127,000 | $44,000 |
| Total shareholders' equity | $578.0M | $484.4M | $386.3M | $315.9M | $237.4M | $159.1M | $122.8M | $144.8M | $146.5M | $133.3M |
| Key figures | ||||||||||
| Total debt | $243.5M | $120.2M | $9.5M | $15.6M | $11.5M | $10.8M | $10.1M | $0 | $0 | $9.0M |
| Net cash (debt) | −$27.4M | −$12.7M | $30.9M | $76.5M | $103.0M | $55.1M | $13.3M | $33.5M | $38.4M | $63.4M |
| Working capital | $146.1M | $78.8M | $42.5M | $93.6M | $121.2M | $70.4M | $38.4M | $54.5M | $66.2M | $81.6M |
| Tangible book value | $578.0M | $484.4M | $386.3M | $315.9M | $237.4M | $158.6M | $121.8M | $144.8M | $146.5M | $133.3M |
| Book value per share | $2.04 | $2.00 | $1.95 | $1.70 | $1.39 | $1.03 | $0.91 | $1.13 | $1.15 | $1.12 |
| Shares outstanding | 283.1M | 242.2M | 197.8M | 185.3M | 170.7M | 154.0M | 135.4M | 128.6M | 128.0M | 119.0M |
| Current ratio | 1.53 | 2.00 | 1.73 | 2.77 | 3.99 | 3.04 | 2.55 | 3.32 | 3.98 | 3.56 |
| Quick ratio | 1.11 | 1.50 | 1.13 | 2.09 | 3.18 | 2.49 | 1.87 | 2.57 | 3.26 | 3.07 |
| Debt / equity | 0.42 | 0.25 | 0.02 | 0.05 | 0.05 | 0.07 | 0.08 | 0.00 | 0.00 | 0.07 |
| Equity / assets | 46.9% | 67.4% | 81.4% | 79.1% | 80.7% | 75.5% | 75.0% | 81.8% | 82.0% | 73.8% |
| 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 | $243.1M | $240.9M | $216.0M | $58.1M | $52.8M | $65.9M | $107.5M | $55.6M | $68.7M | $36.5M | $40.4M | $47.1M |
| Cash & equivalents | $236.3M | $231.8M | $215.0M | $57.0M | $52.2M | $64.7M | $106.4M | $54.9M | $68.1M | $34.9M | $35.3M | $41.0M |
| Short-term investments | $6.8M | $9.1M | $998,180 | $1.1M | $595,000 | $1.2M | $1.1M | $666,000 | $558,000 | $1.6M | $5.1M | $6.2M |
| Receivables | $110.8M | $97.8M | $89.6M | $79.0M | $72.7M | $10.4M | $10.5M | $19.5M | $28.7M | $47.1M | $25.5M | $19.2M |
| Inventory | $71.2M | $75.6M | $62.2M | $58.4M | $60.0M | $39.1M | $36.0M | $24.0M | $23.8M | $21.3M | $27.3M | $27.6M |
| Other current assets | $9.8M | $8.6M | $54.6M | $12.5M | $12.4M | $5.2M | $3.7M | $5.0M | $6.3M | $6.8M | $7.5M | $37.5M |
| Total current assets | $434.9M | $422.9M | $422.4M | $207.9M | $197.9M | $120.6M | $157.6M | $104.1M | $127.5M | $111.8M | $100.8M | $131.4M |
| Property, plant & equipment (net) | $790.3M | $787.0M | $787.7M | $797.7M | $783.1M | $564.0M | $524.5M | $441.2M | $424.1M | $372.0M | $335.6M | $277.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $6.0M | $8.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $39.5M | $35.7M | $23.4M | $11.4M | $14.9M | $43.4M | $37.1M | $66.1M | $31.2M | $26.4M | $38.4M | $24.0M |
| Total assets | $1.27B | $1.25B | $1.23B | $1.02B | $995.9M | $728.0M | $719.2M | $611.4M | $582.8M | $510.2M | $474.8M | $433.2M |
| Liabilities | ||||||||||||
| Accounts payable | $101.6M | $105.3M | $111.3M | $109.6M | $103.4M | $59.6M | $53.9M | $50.6M | $47.6M | $43.9M | $46.6M | $43.4M |
| Short-term debt | $2.7M | $8.2M | $8.8M | $13.3M | $14.5M | $10.1M | $5.2M | $3.4M | $3.4M | $3.5M | $4.3M | $4.8M |
| Deferred revenue | — | — | — | — | — | — | — | $11.6M | $9.1M | — | $7.8M | $7.8M |
| Total current liabilities | $220.7M | $249.5M | $276.3M | $264.0M | $213.2M | $105.8M | $78.9M | $74.7M | $63.0M | $55.4M | $58.2M | $55.5M |
| Long-term debt | $244.1M | $239.5M | $235.1M | $114.8M | $122.1M | $112.3M | $115.0M | $81.9M | $59.2M | $3.8M | $4.7M | $6.2M |
| Lease obligations | — | — | — | — | — | — | — | — | — | — | $1.0M | $1.1M |
| Other long-term liabilities | $94.3M | $120.0M | $144.0M | $129.5M | $131.5M | $57.8M | $40.9M | $41.7M | $31.4M | $25.8M | $25.6M | $26.9M |
| Total liabilities | $559.1M | $609.0M | $655.4M | $508.2M | $466.8M | $275.9M | $234.8M | $198.4M | $153.6M | $85.0M | $88.5M | $88.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $982.8M | $983.2M | $981.2M | $971.4M | $947.5M | $851.0M | $851.0M | $780.2M | $779.5M | $761.6M | $722.7M | $684.7M |
| Retained earnings (deficit) | −$359.5M | −$426.4M | −$490.4M | −$467.5M | −$425.5M | −$405.1M | −$372.2M | −$373.2M | −$356.0M | −$342.1M | −$340.9M | −$344.7M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $711.5M | $644.7M | $578.0M | $508.8M | $529.1M | $452.0M | $484.4M | $413.0M | $429.2M | $425.2M | $386.3M | $344.6M |
| Key figures | ||||||||||||
| Total debt | $246.5M | $247.7M | $243.5M | $128.1M | $136.6M | $122.4M | $120.2M | $85.3M | $62.6M | $7.3M | $9.5M | $11.0M |
| Net cash (debt) | −$3.4M | −$6.8M | −$27.4M | −$69.9M | −$83.8M | −$56.5M | −$12.7M | −$29.7M | $6.1M | $29.2M | $30.9M | $36.2M |
| Working capital | $214.1M | $173.4M | $146.1M | −$56.1M | −$15.3M | $14.8M | $78.8M | $29.4M | $64.5M | $56.4M | $42.5M | $75.9M |
| Tangible book value | $711.5M | $644.7M | $578.0M | $508.8M | $529.1M | $452.0M | $484.4M | $413.0M | $429.2M | $425.2M | $386.3M | $344.6M |
| Book value per share | $2.18 | $1.97 | $1.96 | $1.75 | $1.87 | $1.72 | $1.92 | $1.68 | $1.77 | $1.87 | $1.86 | $1.77 |
| Shares outstanding | 327.0M | 327.0M | 294.6M | 291.4M | 283.5M | 262.3M | 252.2M | 246.0M | 242.9M | 227.5M | 207.9M | 194.2M |
| Current ratio | 1.97 | 1.69 | 1.53 | 0.79 | 0.93 | 1.14 | 2.00 | 1.39 | 2.02 | 2.02 | 1.73 | 2.37 |
| Quick ratio | 1.60 | 1.36 | 1.11 | 0.52 | 0.59 | 0.72 | 1.50 | 1.00 | 1.55 | 1.51 | 1.13 | 1.20 |
| Debt / equity | 0.35 | 0.38 | 0.42 | 0.25 | 0.26 | 0.27 | 0.25 | 0.21 | 0.15 | 0.02 | 0.02 | 0.03 |
| Equity / assets | 56.0% | 51.4% | 46.9% | 50.0% | 53.1% | 62.1% | 67.4% | 67.6% | 73.6% | 83.3% | 81.4% | 79.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
EXK financial position
At the end of fiscal 2025 (December 31, 2025), Endeavour Silver had total assets of $1.2 billion (up 71.5% from a year earlier), total liabilities of $655.4 million and shareholders' equity of $578.0 million. It held $216.0 million in cash and short-term investments against $243.5 million of debt, net debt of $27.4 million. Its current ratio was 1.53. In the latest quarter (ended June 30, 2026) total assets were $1.3 billion and equity $711.5 million.
Related: EXK income statement, EXK cash flow statement, EXK key metrics. See the EXK stock overview for the latest quote and news.
EXK balance sheet FAQ
What are Endeavour Silver's total assets?
Endeavour Silver reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $719.2 million a year earlier.
How much debt does Endeavour Silver have?
Endeavour Silver had $243.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.42.
How much cash does Endeavour Silver have?
Endeavour Silver held $216.0 million in cash and short-term investments at the end of fiscal 2025; with $243.5 million of debt that is net debt of $27.4 million.
What is Endeavour Silver's book value?
Endeavour Silver's shareholders' equity (book value) was $578.0 million at the end of fiscal 2025, or $2.04 per share.
What is Endeavour Silver's current ratio?
Endeavour Silver had current assets of $422.4 million and current liabilities of $276.3 million, a current ratio of 1.53 (it can cover its short-term obligations).