GoldMining Inc. (GLDG) Balance Sheet

NYSE American: GLDGAssets, liabilities, debt and equity over 3 years.

GLDG balance sheet, FY2025

November 30, 2025 · Canadian dollars

C$237.7M assets = C$8.4M liabilities + C$229.3M equity

Both columns are drawn to the same scale: what GLDG owns equals what it owes plus shareholders’ equity. Hover a block for its value.

GLDG financial health

Current ratio9.48

Comfortable · current assets cover current liabilities 9.48×

Debt / equity0.00

Low leverage · C$0.00 of debt for each $1 of equity

Equity / assets95.3%

Equity-funded · of assets funded by shareholders

Cash / debt8,812.5%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

GLDG balance sheet trends, FY2023–FY2025

GoldMining Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	C$136.9MFY2023	C$237.7MFY2025	+31.8%/yr
Total liabilities	C$4.5MFY2023	C$8.4MFY2025	+36.8%/yr
Shareholders’ equity	C$129.2MFY2023	C$226.5MFY2025	+32.4%/yr
Cash & short-term investments	C$21.6MFY2023	C$26.3MFY2025	+10.5%/yr
Total debt	C$395,000FY2023	C$299,000FY2025	−13.0%/yr
Net cash (debt)	C$21.2MFY2023	C$26.1MFY2025	+C$4.9M
Working capital	C$21.4MFY2023	C$24.6MFY2025	+C$3.3M
Current ratio	10.12FY2023	9.48FY2025	−0.64
Debt / equity	0.00FY2023	0.00FY2025	0.00
Shares outstanding	171.9MFY2023	199.1MFY2025	+7.6%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

GLDG assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

GLDG liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GLDG debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

GLDG balance sheet in Canadian dollars

GoldMining Inc. annual balance sheet
	FY2025	FY2024	FY2023
Assets
Cash & short-term investments	C$26.3M	C$11.9M	C$21.6M
Cash & equivalents	C$4.5M	C$11.9M	C$21.6M
Short-term investments	C$21.9M	C$18,000	C$14.3M
Receivables	C$157,816	C$354,000	C$594,000
Inventory	C$0	C$0	C$1.5M
Other current assets	C$1.0M	C$1.1M	C$47,000
Total current assets	C$27.6M	C$13.3M	C$23.7M
Property, plant & equipment (net)	C$2.9M	C$59.8M	C$60.0M
Goodwill & intangible assets	C$0	C$0	C$0
Long-term investments	C$148.9M	C$47.3M	C$52.6M
Other non-current assets	C$58.3M	C$494,000	C$494,000
Total assets	C$237.7M	C$121.0M	C$136.9M
Liabilities
Accounts payable	C$2.2M	C$1.6M	C$1.8M
Short-term debt	C$100,000	C$88,000	C$66,000
Total current liabilities	C$2.9M	C$4.2M	C$2.3M
Long-term debt	C$0	C$0	C$0
Lease obligations	C$299,000	C$387,000	C$395,000
Other long-term liabilities	C$5.4M	C$1.6M	C$2.1M
Total liabilities	C$8.4M	C$5.8M	C$4.5M
Shareholders' equity
Common stock & paid-in capital	C$214.1M	C$190.8M	C$176.6M
Retained earnings (deficit)	−C$7.7M	−C$4.4M	C$20.2M
Accumulated other comprehensive income	C$20.1M	−C$72.7M	−C$67.5M
Minority interest	C$2.8M	C$1.4M	C$3.2M
Total shareholders' equity	C$226.5M	C$113.8M	C$129.2M
Key figures
Total debt	C$299,000	C$387,000	C$395,000
Net cash (debt)	C$26.1M	C$11.5M	C$21.2M
Working capital	C$24.6M	C$9.1M	C$21.4M
Tangible book value	C$226.5M	C$113.8M	C$129.2M
Shares outstanding	199.1M	187.8M	171.9M
Current ratio	9.48	3.14	10.12
Quick ratio	9.12	2.89	9.46
Debt / equity	0.00	0.00	0.00
Equity / assets	95.3%	94.0%	94.4%

GoldMining Inc. quarterly balance sheet
	Aug '26	May '26	Feb '26	Nov '25	Aug '25	May '25	Feb '25	Nov '24	Aug '24	May '24	Feb '24	Nov '23
Assets
Cash & short-term investments	C$48.4M	C$81.6M	C$53.9M	C$26.3M	C$7.1M	C$6.0M	C$9.2M	C$11.9M	C$11.1M	C$17.4M	C$18.2M	C$21.6M
Cash & equivalents	C$11.4M	C$21.4M	C$3.8M	C$4.5M	C$6.5M	C$6.0M	C$9.2M	C$11.9M	C$11.1M	C$4.3M	C$2.0M	C$21.6M
Short-term investments	C$37.0M	C$60.2M	C$50.1M	C$21.9M	C$661,000	—	—	C$18,000	−C$494,000	C$13.1M	C$16.2M	C$14.3M
Receivables	C$56,141	C$0	C$338,967	C$157,816	C$59,000	C$324,000	C$374,000	C$354,000	C$427,000	C$522,000	C$515,000	C$594,000
Inventory	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$119,000	C$0	C$0	C$1.5M
Other current assets	C$1.2M	C$2.6M	C$1.3M	C$1.0M	C$1.7M	C$987,000	C$1.4M	C$1.1M	C$2.4M	C$2.4M	C$1.2M	C$47,000
Total current assets	C$49.6M	C$84.2M	C$55.5M	C$27.6M	C$8.9M	C$7.3M	C$11.0M	C$13.3M	C$14.1M	C$20.3M	C$19.9M	C$23.7M
Property, plant & equipment (net)	C$3.4M	C$61.3M	C$3.1M	C$2.9M	C$59.7M	C$59.2M	C$61.6M	C$59.8M	C$58.7M	C$3.3M	C$3.2M	C$60.0M
Goodwill & intangible assets	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0
Long-term investments	C$0	C$97.2M	C$137.9M	C$148.9M	C$113.5M	C$63.2M	C$50.7M	C$47.3M	C$48.2M	C$58.2M	C$58.9M	C$58.9M
Other non-current assets	C$158.0M	C$0	C$57.7M	C$58.3M	C$494,000	C$494,000	C$494,000	C$494,000	C$494,000	C$57.1M	C$57.5M	C$0
Total assets	C$211.0M	C$242.7M	C$254.2M	C$237.7M	C$182.6M	C$130.2M	C$123.8M	C$121.0M	C$121.5M	C$138.9M	C$139.4M	C$136.9M
Liabilities
Accounts payable	—	C$1.9M	C$2.2M	C$2.2M	C$1.4M	C$1.6M	C$2.0M	C$1.6M	C$1.2M	C$1.7M	C$1.4M	C$1.8M
Short-term debt	C$107,269	C$104,000	C$102,000	C$100,000	C$97,000	C$94,000	C$91,000	C$88,000	C$86,000	C$81,000	C$70,000	C$66,000
Deferred revenue	—	—	—	—	—	—	—	—	—	C$115,000	C$1.8M	−C$1.8M
Total current liabilities	C$2.9M	C$2.1M	C$2.7M	C$2.9M	C$3.0M	C$3.4M	C$4.3M	C$4.2M	C$3.4M	C$3.9M	C$3.5M	C$2.3M
Long-term debt	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0	C$0
Lease obligations	—	C$250,000	C$275,000	C$299,000	C$322,000	C$344,000	C$366,000	C$387,000	C$408,000	C$425,000	C$381,000	C$381,000
Other long-term liabilities	C$5.6M	C$11.4M	C$7.4M	C$5.4M	C$1.5M	C$1.6M	C$1.6M	C$1.6M	C$1.5M	C$1.5M	C$1.5M	C$2.1M
Total liabilities	C$8.5M	C$13.5M	C$10.1M	C$8.4M	C$4.5M	C$5.0M	C$5.9M	C$5.8M	C$4.9M	C$5.3M	C$5.0M	C$4.5M
Shareholders' equity
Common stock & paid-in capital	C$227.1M	C$225.2M	C$223.8M	C$214.1M	C$196.6M	C$193.0M	C$192.1M	C$190.8M	C$185.9M	C$182.8M	C$177.4M	C$176.6M
Retained earnings (deficit)	−C$28.8M	−C$22.5M	−C$13.3M	−C$7.7M	−C$7.7M	−C$10.2M	−C$8.6M	−C$4.4M	C$3.7M	C$12.3M	C$17.7M	C$20.2M
Accumulated other comprehensive income	C$2.2M	C$23.9M	C$31.1M	C$20.1M	−C$27.2M	−C$58.8M	−C$67.1M	−C$72.7M	−C$74.9M	−C$64.3M	−C$63.6M	−C$67.5M
Minority interest	—	C$2.6M	C$2.5M	C$2.8M	C$1.2M	C$1.1M	—	—	—	—	—	—
Total shareholders' equity	C$200.5M	C$226.6M	C$241.6M	C$226.5M	C$176.9M	C$124.2M	C$116.7M	C$113.8M	C$114.8M	C$130.8M	C$131.4M	C$129.2M
Key figures
Total debt	C$225,567	C$250,000	C$274,973	C$299,000	C$322,000	C$344,000	C$366,000	C$387,000	C$408,000	C$425,000	C$381,000	C$395,000
Net cash (debt)	C$48.1M	C$81.3M	C$53.6M	C$26.1M	C$6.8M	C$5.7M	C$8.9M	C$11.5M	C$10.7M	C$16.9M	C$17.8M	C$21.2M
Working capital	C$46.7M	C$82.1M	C$52.8M	C$24.6M	C$6.0M	C$3.9M	C$6.7M	C$9.1M	C$10.7M	C$16.4M	C$16.4M	C$21.4M
Tangible book value	C$200.5M	C$226.6M	C$241.6M	C$226.5M	C$176.9M	C$124.2M	C$116.7M	C$113.8M	C$114.8M	C$130.8M	C$131.4M	C$129.2M
Shares outstanding	214.9M	214.1M	211.8M	209.2M	199.3M	196.1M	195.2M	194.7M	189.0M	186.0M	183.6M	183.3M
Current ratio	17.38	39.65	20.42	9.48	3.02	2.14	2.55	3.14	4.19	5.27	5.63	10.12
Quick ratio	16.98	38.42	19.95	9.12	2.43	1.85	2.23	2.89	3.43	4.65	5.29	9.46
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Equity / assets	95.0%	93.4%	95.1%	95.3%	96.9%	95.3%	94.3%	94.0%	94.4%	94.1%	94.3%	94.4%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed February 27, 2026); data from EODHD.

GLDG financial position

At the end of fiscal 2025 (November 30, 2025), GoldMining had total assets of C$237.7 million (up 96.5% from a year earlier), total liabilities of C$8.4 million and shareholders' equity of C$226.5 million. It held C$26.3 million in cash and short-term investments against C$0.3 million of debt, a net cash position of C$26.1 million. Its current ratio was 9.48. In the latest quarter (ended August 31, 2026) total assets were C$211.0 million and equity C$200.5 million.

Related: GLDG income statement, GLDG cash flow statement, GLDG key metrics. See the GLDG stock overview for the latest quote and news.

GLDG balance sheet FAQ

What are GoldMining's total assets?

GoldMining reported total assets of C$237.7 million at the end of fiscal 2025 (November 30, 2025), compared with C$121.0 million a year earlier.

How much debt does GoldMining have?

GoldMining had C$0.3 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 GoldMining have?

GoldMining held C$26.3 million in cash and short-term investments at the end of fiscal 2025; with C$0.3 million of debt that is net cash of C$26.1 million.

What is GoldMining's book value?

GoldMining's shareholders' equity (book value) was C$226.5 million at the end of fiscal 2025.

What is GoldMining's current ratio?

GoldMining had current assets of C$27.6 million and current liabilities of C$2.9 million, a current ratio of 9.48 (it can cover its short-term obligations).