Gran Tierra Energy Inc. (GTE) Balance Sheet
GTE balance sheet, 2025
December 31, 2025 · U.S. dollars$1.59B assets = $1.36B liabilities + $228.7M equity
Both columns are drawn to the same scale: what GTE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GTE financial health
Current ratio0.60
Tight · current assets cover current liabilities 0.60×
Debt / equity3.17
High leverage · $3.17 of debt for each $1 of equity
Equity / assets14.4%
Thin equity · of assets funded by shareholders
Cash / debt11.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
GTE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.37B2016 | $1.59B2025 | +1.7%/yr | |
| Total liabilities | $508.9M2016 | $1.36B2025 | +11.5%/yr | |
| Shareholders’ equity | $859.0M2016 | $228.7M2025 | −13.7%/yr | |
| Cash & short-term investments | $25.2M2016 | $82.9M2025 | +14.2%/yr | |
| Total debt | $200.9M2016 | $724.8M2025 | +15.3%/yr | |
| Net cash (debt) | −$175.7M2016 | −$641.9M2025 | −$466.1M | |
| Working capital | −$23.3M2016 | −$142.2M2025 | −$118.8M | |
| Book value per share | $26.772016 | $6.462025 | −14.6%/yr | |
| Current ratio | 0.852016 | 0.602025 | −0.25 | |
| Debt / equity | 0.232016 | 3.172025 | +2.93 | |
| Shares outstanding | 32.1M2016 | 35.4M2025 | +1.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GTE assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
GTE liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
GTE debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GTE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $82.9M | $104.5M | $63.3M | $126.9M | $26.1M | $62.0M | $103.0M | $83.8M | $37.4M | $25.2M |
| Cash & equivalents | $82.9M | $104.5M | $63.3M | $126.9M | $26.1M | $13.7M | $8.3M | $51.0M | $12.3M | $25.2M |
| Short-term investments | — | — | — | — | $0 | $48.3M | $94.7M | $32.7M | $25.1M | $578,000 |
| Receivables | $60.0M | $53.6M | $12.4M | $10.8M | $58.7M | $58.0M | $172.1M | $104.4M | $86.2M | $72.1M |
| Inventory | $55.4M | $43.1M | $29.0M | $1.1M | $392,000 | $427,000 | $516,000 | $1.3M | $7.1M | $7.8M |
| Other current assets | $15.2M | $10.1M | $7.8M | $29.8M | $16.6M | $13.5M | $15.0M | $13.1M | $14.6M | $26.7M |
| Total current assets | $213.5M | $211.3M | $112.5M | $168.6M | $101.8M | $133.9M | $290.7M | $202.5M | $145.2M | $131.7M |
| Property, plant & equipment (net) | $1.30B | $1.42B | $1.14B | $1.10B | $995.8M | $964.5M | $1.58B | $1.31B | $1.10B | $1.07B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $205.2M | $205.2M | $205.2M | $205.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $25.9M | $8.7M | $19.1M | $0 |
| Other non-current assets | $68.1M | $20.4M | $71.0M | $66.1M | $91.5M | $103.4M | $0 | $0 | $0 | $0 |
| Total assets | $1.59B | $1.65B | $1.33B | $1.34B | $1.19B | $1.20B | $2.04B | $1.68B | $1.43B | $1.37B |
| Liabilities | ||||||||||
| Accounts payable | $194.6M | $177.4M | $122.7M | $114.3M | $91.1M | $70.5M | $151.7M | $123.9M | $99.1M | $80.1M |
| Short-term debt | $38.3M | $40.1M | $47.7M | $4.8M | $67.0M | $3.3M | $3.3M | $1.0M | $21.2M | $3.8M |
| Deferred revenue | $34.1M | $5.6M | −$131.1M | −$4.8M | $66.9M | −$3.3M | −$3.3M | — | — | — |
| Total current liabilities | $355.7M | $322.4M | $260.3M | $241.6M | $228.0M | $113.7M | $199.3M | $169.4M | $157.0M | $155.0M |
| Long-term debt | $686.5M | $722.1M | $519.5M | $589.6M | $587.4M | $774.8M | $700.5M | $399.4M | $256.5M | $197.1M |
| Lease obligations | $28.8M | $35.6M | $26.6M | $20.7M | $1.4M | $2.9M | $3.5M | — | — | — |
| Other long-term liabilities | $315.1M | $196.6M | $150.1M | $86.8M | $71.6M | $56.3M | $112.3M | $78.0M | $79.8M | $156.8M |
| Total liabilities | $1.36B | $1.24B | $929.9M | $918.0M | $887.0M | $944.7M | $1.01B | $646.8M | $493.3M | $508.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9.9M | $9.9M | $9.9M | $10.3M | $10.3M | $10.3M | $10.3M | $10.3M | $1.34B | $1.35B |
| Retained earnings (deficit) | −$1.05B | −$859.8M | −$863.0M | −$856.7M | −$995.8M | −$1.04B | −$260.3M | −$298.6M | −$401.2M | −$494.0M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $2.6M | −$6.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $228.7M | $413.6M | $396.4M | $417.6M | $302.1M | $257.0M | $1.03B | $1.03B | $936.3M | $859.0M |
| Key figures | ||||||||||
| Total debt | $724.8M | $762.2M | $567.2M | $594.4M | $654.4M | $778.1M | $703.8M | $400.4M | $277.7M | $200.9M |
| Net cash (debt) | −$641.9M | −$657.7M | −$504.0M | −$467.5M | −$628.3M | −$716.1M | −$600.7M | −$316.7M | −$240.3M | −$175.7M |
| Working capital | −$142.2M | −$111.2M | −$147.8M | −$73.1M | −$126.2M | $20.2M | $91.3M | $33.1M | −$11.7M | −$23.3M |
| Tangible book value | $228.7M | $413.6M | $396.4M | $417.6M | $302.1M | $257.0M | $827.4M | $824.6M | $731.2M | $653.8M |
| Book value per share | $6.46 | $12.91 | $11.84 | $11.31 | $8.21 | $7.00 | $27.43 | $24.11 | $23.60 | $26.77 |
| Shares outstanding | 35.4M | 32.0M | 33.5M | 36.9M | 36.8M | 36.7M | 37.7M | 42.7M | 39.7M | 32.1M |
| Current ratio | 0.60 | 0.66 | 0.43 | 0.70 | 0.45 | 1.18 | 1.46 | 1.20 | 0.93 | 0.85 |
| Quick ratio | 0.40 | 0.49 | 0.29 | 0.57 | 0.37 | 1.06 | 1.38 | 1.11 | 0.79 | 0.63 |
| Debt / equity | 3.17 | 1.84 | 1.43 | 1.42 | 2.17 | 3.03 | 0.68 | 0.39 | 0.30 | 0.23 |
| Equity / assets | 14.4% | 25.0% | 29.9% | 31.3% | 25.4% | 21.4% | 50.5% | 61.4% | 65.5% | 62.8% |
| 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 | $126.7M | $125.0M | $82.9M | $49.1M | $61.0M | $77.7M | $104.5M | $278.8M | $116.5M | $127.8M | $63.3M | $124.4M |
| Cash & equivalents | $126.7M | $125.0M | $82.9M | $49.1M | $61.0M | $77.7M | $104.5M | $278.8M | $116.5M | $127.8M | $63.3M | $124.4M |
| Short-term investments | — | — | — | — | — | — | — | $1.1M | — | — | — | — |
| Receivables | $47.9M | $102.8M | $60.0M | $64.1M | $67.0M | $49.8M | $53.6M | $31.2M | $36.3M | $10.8M | $12.4M | $19.2M |
| Inventory | $48.4M | $46.7M | $55.4M | $37.5M | $41.0M | $38.0M | $43.1M | $33.0M | $30.6M | $25.9M | $29.0M | $25.7M |
| Other current assets | $15.9M | $14.4M | $15.2M | $15.9M | $33.5M | $8.5M | $10.1M | $2.8M | $1.9M | $2.5M | $7.8M | $12.1M |
| Total current assets | $239.0M | $288.9M | $213.5M | $166.7M | $202.5M | $174.0M | $211.3M | $345.9M | $185.3M | $166.9M | $112.5M | $181.3M |
| Property, plant & equipment (net) | $1.24B | $1.26B | $1.30B | $1.44B | $1.46B | $1.45B | $1.42B | $1.16B | $1.17B | $1.16B | $1.14B | $1.14B |
| 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 | $88.2M | $86.1M | $68.1M | $48.7M | $38.2M | $33.8M | $20.4M | $25.0M | $27.7M | $77.8M | $71.0M | $63.8M |
| Total assets | $1.56B | $1.64B | $1.59B | $1.66B | $1.70B | $1.66B | $1.65B | $1.53B | $1.38B | $1.40B | $1.33B | $1.39B |
| Liabilities | ||||||||||||
| Accounts payable | $208.6M | $402.1M | $194.6M | $281.2M | $288.1M | $314.8M | $177.4M | $202.1M | $179.7M | $192.2M | $122.7M | $166.5M |
| Short-term debt | $70.9M | $21.4M | $38.3M | $11.8M | $13.9M | $15.6M | $40.1M | $39.5M | $39.2M | $39.9M | $47.7M | $59.1M |
| Deferred revenue | $150.0M | — | — | — | — | — | $5.6M | −$202.1M | $16.2M | $22.2M | −$131.1M | $53.9M |
| Total current liabilities | $493.3M | $544.1M | $355.7M | $309.4M | $320.9M | $345.6M | $322.4M | $263.5M | $245.7M | $257.7M | $260.3M | $279.7M |
| Long-term debt | $529.5M | $552.1M | $686.5M | $761.8M | $772.6M | $726.3M | $722.1M | $718.4M | $558.9M | $556.2M | $493.0M | $587.4M |
| Lease obligations | $47.5M | $48.0M | $28.8M | $7.6M | $20.5M | $22.3M | $35.6M | $20.2M | $23.2M | $26.9M | $26.6M | $23.9M |
| Other long-term liabilities | $409.0M | $430.0M | $315.1M | $218.7M | $213.6M | $197.0M | $196.6M | $130.6M | $154.1M | $196.5M | $176.7M | $124.3M |
| Total liabilities | $1.43B | $1.53B | $1.36B | $1.29B | $1.31B | $1.27B | $1.24B | $1.11B | $958.7M | $1.01B | $929.9M | $991.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $9.9M | $10.2M |
| Retained earnings (deficit) | −$1.15B | −$1.17B | −$1.05B | −$911.8M | −$891.8M | −$879.1M | −$859.8M | −$825.6M | −$826.7M | −$863.1M | −$863.0M | −$870.7M |
| Accumulated other comprehensive income | −$389,000 | $1.5M | $2.6M | −$1.1M | $3.0M | −$6.5M | −$6.7M | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $132.2M | $108.9M | $228.7M | $366.0M | $389.8M | $393.8M | $413.6M | $420.9M | $420.9M | $392.0M | $396.4M | $394.5M |
| Key figures | ||||||||||||
| Total debt | $622.7M | $627.4M | $724.8M | $773.6M | $786.5M | $741.9M | $762.2M | $757.8M | $621.3M | $623.0M | $567.2M | $646.5M |
| Net cash (debt) | −$496.0M | −$502.4M | −$641.9M | −$724.5M | −$725.5M | −$664.2M | −$657.7M | −$479.1M | −$504.8M | −$495.2M | −$504.0M | −$522.2M |
| Working capital | −$254.4M | −$255.1M | −$142.2M | −$142.7M | −$118.4M | −$171.6M | −$111.2M | $82.4M | −$60.5M | −$90.8M | −$147.8M | −$98.4M |
| Tangible book value | $132.2M | $108.9M | $228.7M | $366.0M | $389.8M | $393.8M | $413.6M | $420.9M | $420.9M | $392.0M | $396.4M | $394.5M |
| Book value per share | $3.74 | $3.09 | $6.46 | $10.37 | $11.03 | $11.01 | $12.05 | $13.69 | $13.46 | $12.32 | $12.04 | $11.83 |
| Shares outstanding | 35.4M | 35.3M | 35.4M | 35.3M | 35.3M | 35.8M | 34.3M | 30.7M | 31.3M | 31.8M | 32.9M | 33.4M |
| Current ratio | 0.48 | 0.53 | 0.60 | 0.54 | 0.63 | 0.50 | 0.66 | 1.31 | 0.75 | 0.65 | 0.43 | 0.65 |
| Quick ratio | 0.35 | 0.42 | 0.40 | 0.37 | 0.40 | 0.37 | 0.49 | 1.18 | 0.62 | 0.54 | 0.29 | 0.51 |
| Debt / equity | 4.71 | 5.76 | 3.17 | 2.11 | 2.02 | 1.88 | 1.84 | 1.80 | 1.48 | 1.59 | 1.43 | 1.64 |
| Equity / assets | 8.5% | 6.7% | 14.4% | 22.1% | 23.0% | 23.7% | 25.0% | 27.4% | 30.5% | 28.0% | 29.9% | 28.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 4, 2026); data from EODHD.
GTE financial position
At the end of fiscal 2025 (December 31, 2025), Gran Tierra Energy had total assets of $1.6 billion (down 4.2% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $228.7 million. It held $82.9 million in cash and short-term investments against $724.8 million of debt, net debt of $641.9 million. Its current ratio was 0.60. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $132.2 million.
Related: GTE income statement, GTE cash flow statement, GTE key metrics. See the GTE stock overview for the latest quote and news.
GTE balance sheet FAQ
What are Gran Tierra Energy's total assets?
Gran Tierra Energy reported total assets of $1.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.7 billion a year earlier.
How much debt does Gran Tierra Energy have?
Gran Tierra Energy had $724.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.17.
How much cash does Gran Tierra Energy have?
Gran Tierra Energy held $82.9 million in cash and short-term investments at the end of fiscal 2025; with $724.8 million of debt that is net debt of $641.9 million.
What is Gran Tierra Energy's book value?
Gran Tierra Energy's shareholders' equity (book value) was $228.7 million at the end of fiscal 2025, or $6.46 per share.
What is Gran Tierra Energy's current ratio?
Gran Tierra Energy had current assets of $213.5 million and current liabilities of $355.7 million, a current ratio of 0.60 (current liabilities exceed current assets).