Granite Ridge Resources, Inc (GRNT) Balance Sheet
GRNT balance sheet, 2025
December 31, 2025 · U.S. dollars$1.17B assets = $562.3M liabilities + $605.8M equity
Both columns are drawn to the same scale: what GRNT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GRNT financial health
Descriptive bands, not a rating. Fiscal 2025.
GRNT balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $192.9M2020 | $1.17B2025 | +43.4%/yr | |
| Total liabilities | $14.4M2020 | $562.3M2025 | +108.0%/yr | |
| Shareholders’ equity | $178.4M2020 | $605.8M2025 | +27.7%/yr | |
| Cash & short-term investments | $2.6M2020 | $25.8M2025 | +57.8%/yr | |
| Total debt | $9.9M2020 | $367.8M2025 | +106.1%/yr | |
| Net cash (debt) | −$7.3M2020 | −$342.0M2025 | −$334.8M | |
| Working capital | $16.3M2020 | $23.7M2025 | +$7.4M | |
| Book value per share | $1.342020 | $4.642025 | +28.2%/yr | |
| Current ratio | 5.052020 | 1.252025 | −3.81 | |
| Debt / equity | 0.062020 | 0.612025 | +0.55 | |
| Shares outstanding | 133.3M2020 | 130.5M2025 | −0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GRNT assets
GRNT liabilities and equity
GRNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GRNT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $25.8M | $41.2M | $60.9M | $50.8M | $11.9M | $2.6M |
| Cash & equivalents | $14.8M | $9.4M | $10.4M | $50.8M | $11.9M | $2.6M |
| Short-term investments | $11.0M | $31.8M | $50.4M | $0 | — | — |
| Receivables | $74.2M | $69.7M | $72.9M | $72.3M | $47.3M | $9.5M |
| Inventory | $0 | $0 | $1 | −$72.3M | $1 | $128,359 |
| Other current assets | $18.9M | $24.3M | $17.8M | $95.5M | $38.9M | $8.1M |
| Total current assets | $118.9M | $135.2M | $151.6M | $146.3M | $98.1M | $20.4M |
| Property, plant & equipment (net) | $1.04B | $897.0M | $769.5M | $645.0M | $448.8M | $172.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $9.6M | $4.3M | $6.0M | $3.5M | $393,000 | $0 |
| Total assets | $1.17B | $1.04B | $927.1M | $794.8M | $547.2M | $192.9M |
| Liabilities | ||||||
| Accounts payable | $21.3M | $26.4M | $20.0M | $62.2M | $68,735 | $80,044 |
| Short-term debt | $17.5M | — | — | $431,000 | $50.0M | $6.4M |
| Total current liabilities | $95.2M | $101.8M | $62.1M | $64.1M | $67.6M | $4.0M |
| Long-term debt | $367.8M | $205.0M | $110.0M | $0 | $1.1M | $0 |
| Other long-term liabilities | $99.3M | $94.3M | $83.4M | $66.4M | $3.6M | $10.4M |
| Total liabilities | $562.3M | $401.1M | $255.5M | $130.5M | $72.3M | $14.4M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $14,000 | $14,000 | $14,000 | $13,000 | $474.9M | $178.4M |
| Retained earnings (deficit) | −$17.3M | $16.0M | $54.8M | $32.4M | −$8.4M | $2.3M |
| Accumulated other comprehensive income | — | — | — | $0 | $474.9M | — |
| Total shareholders' equity | $605.8M | $635.4M | $671.6M | $664.2M | $474.9M | $178.4M |
| Key figures | ||||||
| Total debt | $367.8M | $205.0M | $110.0M | $431,000 | $51.1M | $9.9M |
| Net cash (debt) | −$342.0M | −$163.8M | −$49.1M | $50.4M | −$39.2M | −$7.3M |
| Working capital | $23.7M | $33.4M | $89.5M | $82.2M | $30.5M | $16.3M |
| Tangible book value | $605.8M | $635.4M | $671.6M | $664.2M | $474.9M | $178.4M |
| Book value per share | $4.64 | $4.88 | $5.05 | $4.99 | $3.57 | $1.34 |
| Shares outstanding | 130.5M | 130.2M | 133.1M | 133.1M | 132.9M | 133.3M |
| Current ratio | 1.25 | 1.33 | 2.44 | 2.28 | 1.45 | 5.05 |
| Quick ratio | 1.05 | 1.09 | 2.16 | 1.92 | 0.88 | 3.01 |
| Debt / equity | 0.61 | 0.32 | 0.16 | 0.00 | 0.11 | 0.06 |
| Equity / assets | 51.9% | 61.3% | 72.4% | 83.6% | 86.8% | 92.5% |
| 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 | $44.1M | $47.7M | $25.8M | $23.4M | $14.8M | $37.9M | $41.2M | $50.8M | $63.0M | $79.0M | $60.9M | $6.1M |
| Cash & equivalents | $44.1M | $30.1M | $14.8M | $11.8M | $3.7M | $16.1M | $9.4M | $23.1M | $13.5M | $20.8M | $10.4M | $6.1M |
| Short-term investments | $0 | $17.6M | $11.0M | $11.6M | $11.0M | $21.8M | $31.8M | $27.7M | $49.4M | $58.2M | $50.4M | — |
| Receivables | $101.0M | $90.8M | $74.2M | $74.7M | $76.6M | $80.7M | $69.7M | $58.5M | $67.2M | $64.8M | $72.9M | $82.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $27.7M | $0 | $1 | $1 | $13.2M |
| Other current assets | $9.8M | $5.6M | $18.9M | $10.7M | $17.5M | $9.7M | $24.3M | $0 | $20.4M | $25.0M | $17.8M | $450,000 |
| Total current assets | $154.8M | $144.1M | $118.9M | $108.8M | $109.0M | $128.4M | $135.2M | $132.1M | $150.6M | $168.9M | $151.6M | $102.5M |
| Property, plant & equipment (net) | $1.07B | $1.04B | $1.04B | $1.01B | $989.2M | $955.0M | $897.0M | $899.5M | $834.9M | $793.0M | $769.5M | $815.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $8.2M | $8.7M | $9.6M | $4.9M | $6.8M | $4.1M | $4.3M | $4.3M | $5.0M | $4.8M | $6.0M | $3.0M |
| Total assets | $1.24B | $1.19B | $1.17B | $1.13B | $1.10B | $1.09B | $1.04B | $1.04B | $990.5M | $966.7M | $927.1M | $920.6M |
| Liabilities | ||||||||||||
| Accounts payable | $100.1M | $80.2M | $21.3M | $75.4M | $78.4M | $90.8M | $26.4M | $83.2M | — | — | $20.0M | — |
| Short-term debt | $35.0M | $26.2M | $17.5M | — | — | — | — | — | — | — | — | — |
| Total current liabilities | $151.2M | $155.7M | $95.2M | $77.0M | $82.5M | $107.2M | $101.8M | $84.5M | $67.3M | $66.1M | $62.1M | $69.8M |
| Long-term debt | $427.1M | $400.0M | $367.8M | $300.0M | $275.0M | $250.0M | $205.0M | $195.0M | $165.0M | $137.5M | $110.0M | $85.0M |
| Other long-term liabilities | $96.8M | $92.5M | $99.3M | $107.7M | $105.0M | $98.8M | $94.3M | $95.8M | $92.8M | $89.1M | $83.4M | $115.6M |
| Total liabilities | $675.2M | $648.2M | $562.3M | $484.6M | $462.5M | $456.0M | $401.1M | $375.3M | $325.2M | $292.7M | $255.5M | $270.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 | $14,000 |
| Retained earnings (deficit) | −$63.3M | −$78.8M | −$17.3M | $22.2M | $22.1M | $11.5M | $16.0M | $42.1M | $47.4M | $56.7M | $54.8M | $51.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | — | $0 |
| Total shareholders' equity | $562.4M | $545.6M | $605.8M | $643.9M | $642.5M | $631.4M | $635.4M | $660.6M | $665.3M | $674.0M | $671.6M | $650.2M |
| Key figures | ||||||||||||
| Total debt | $462.1M | $426.3M | $367.8M | $300.0M | $275.0M | $250.0M | $205.0M | $195.0M | $165.0M | $137.5M | $110.0M | $85.0M |
| Net cash (debt) | −$418.0M | −$378.6M | −$342.0M | −$276.6M | −$260.2M | −$212.1M | −$163.8M | −$144.2M | −$102.0M | −$58.5M | −$49.1M | −$78.9M |
| Working capital | $3.6M | −$11.6M | $23.7M | $31.8M | $26.5M | $21.1M | $33.4M | $47.6M | $83.3M | $102.7M | $89.5M | $32.6M |
| Tangible book value | $562.4M | $545.6M | $605.8M | $643.9M | $642.5M | $631.4M | $635.4M | $660.6M | $665.3M | $674.0M | $671.6M | $650.2M |
| Book value per share | $4.30 | $4.18 | $4.64 | $4.93 | $4.92 | $4.84 | $4.88 | $5.07 | $5.11 | $5.18 | $5.08 | $4.84 |
| Shares outstanding | 130.8M | 130.6M | 130.5M | 130.5M | 130.6M | 130.4M | 130.2M | 130.2M | 130.3M | 130.2M | 132.1M | 134.4M |
| Current ratio | 1.02 | 0.93 | 1.25 | 1.41 | 1.32 | 1.20 | 1.33 | 1.56 | 2.24 | 2.55 | 2.44 | 1.47 |
| Quick ratio | 0.96 | 0.89 | 1.05 | 1.27 | 1.11 | 1.11 | 1.09 | 1.29 | 1.93 | 2.18 | 2.16 | 1.27 |
| Debt / equity | 0.82 | 0.78 | 0.61 | 0.47 | 0.43 | 0.40 | 0.32 | 0.30 | 0.25 | 0.20 | 0.16 | 0.13 |
| Equity / assets | 45.4% | 45.7% | 51.9% | 57.1% | 58.1% | 58.1% | 61.3% | 63.8% | 67.2% | 69.7% | 72.4% | 70.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 6, 2026); data from EODHD.
GRNT financial position
At the end of fiscal 2025 (December 31, 2025), Granite Ridge Resources had total assets of $1.2 billion (up 12.7% from a year earlier), total liabilities of $562.3 million and shareholders' equity of $605.8 million. It held $25.8 million in cash and short-term investments against $367.8 million of debt, net debt of $342.0 million. Its current ratio was 1.25. In the latest quarter (ended June 30, 2026) total assets were $1.2 billion and equity $562.4 million.
Related: GRNT income statement, GRNT cash flow statement, GRNT key metrics. See the GRNT stock overview for the latest quote and news.
GRNT balance sheet FAQ
What are Granite Ridge Resources's total assets?
Granite Ridge Resources reported total assets of $1.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.0 billion a year earlier.
How much debt does Granite Ridge Resources have?
Granite Ridge Resources had $367.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.61.
How much cash does Granite Ridge Resources have?
Granite Ridge Resources held $25.8 million in cash and short-term investments at the end of fiscal 2025; with $367.8 million of debt that is net debt of $342.0 million.
What is Granite Ridge Resources's book value?
Granite Ridge Resources's shareholders' equity (book value) was $605.8 million at the end of fiscal 2025, or $4.64 per share.
What is Granite Ridge Resources's current ratio?
Granite Ridge Resources had current assets of $118.9 million and current liabilities of $95.2 million, a current ratio of 1.25 (it can cover its short-term obligations).