Highlander Silver Corp. (HSLV) Balance Sheet
HSLV balance sheet, FY2025
September 30, 2025 · U.S. dollars$115.5M assets = $4.2M liabilities + $111.3M equity
Both columns are drawn to the same scale: what HSLV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HSLV financial health
Descriptive bands, not a rating. Fiscal FY2025.
HSLV balance sheet trends, FY2019–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $874,805FY2019 | $115.5MFY2025 | +125.6%/yr | |
| Total liabilities | $9,086FY2019 | $4.2MFY2025 | +178.1%/yr | |
| Shareholders’ equity | $865,719FY2019 | $111.3MFY2025 | +124.6%/yr | |
| Cash & short-term investments | $869,696FY2019 | $102.4MFY2025 | +121.4%/yr | |
| Working capital | $865,719FY2019 | $99.4MFY2025 | +$98.5M | |
| Book value per share | $0.14FY2024 | $1.17FY2025 | +717.8%/yr | |
| Shares outstanding | 67.1MFY2024 | 94.8MFY2025 | +41.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HSLV assets
HSLV liabilities and equity
HSLV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HSLV balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $102.4M | $2.5M | $228,844 | $2.0M | $3.5M | $2.3M | $869,696 |
| Cash & equivalents | $102.4M | $2.5M | $228,844 | $2.0M | $3.5M | $2.3M | $744,569 |
| Short-term investments | — | — | — | — | — | — | $125,125 |
| Receivables | $279,575 | $291,650 | $8,870 | $43,061 | $18,752 | $11,463 | $5,109 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $220,672 | $25,651 | $14,216 | $22,736 | $14,643 | $5,296 | $0 |
| Total current assets | $102.9M | $2.8M | $251,930 | $2.0M | $3.5M | $2.3M | $874,805 |
| Property, plant & equipment (net) | $12.2M | $10.9M | $43,848 | $3.7M | $2.2M | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $309,433 | $149,446 | $11,055 | $0 | $1 | $229,114 | $0 |
| Total assets | $115.5M | $13.9M | $306,833 | $5.7M | $5.8M | $2.5M | $874,805 |
| Liabilities | |||||||
| Accounts payable | $1.8M | $374,140 | $234,108 | — | — | — | — |
| Total current liabilities | $3.6M | $2.1M | $234,108 | $289,906 | $70,816 | $66,141 | $9,086 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $0 | $0 | — | — | — | — |
| Other long-term liabilities | $634,146 | $2.2M | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $4.2M | $4.3M | $234,108 | $289,906 | $70,816 | $66,141 | $9,086 |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $131.8M | $19.6M | $7.2M | $7.2M | $7.1M | $1.5M | $1.3M |
| Retained earnings (deficit) | −$24.4M | −$11.3M | −$8.5M | −$2.8M | −$2.3M | $633,816 | −$468,236 |
| Accumulated other comprehensive income | $3.8M | $1.3M | $1.3M | −$298,225 | −$232,846 | $298,655 | — |
| Minority interest | — | — | — | $0 | — | — | — |
| Total shareholders' equity | $111.3M | $9.6M | $72,723 | $5.4M | $5.7M | $2.5M | $865,719 |
| Key figures | |||||||
| Working capital | $99.4M | $760,304 | $17,822 | $1.7M | $3.5M | $2.2M | $865,719 |
| Tangible book value | $111.3M | $9.6M | $72,723 | $5.4M | $5.7M | $2.5M | $865,719 |
| Book value per share | $1.17 | $0.14 | — | — | — | — | — |
| Shares outstanding | 94.8M | 67.1M | — | — | — | — | — |
| Current ratio | 28.86 | 1.37 | 1.08 | 7.03 | 49.87 | 34.72 | 96.28 |
| Quick ratio | 28.79 | 1.36 | 1.02 | 6.95 | 49.67 | 34.64 | 96.28 |
| Equity / assets | 96.4% | 69.3% | 23.7% | 94.9% | 98.8% | 97.4% | 99.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $99.2M | $103.5M | $78.8M | $102.4M | $24.3M | $30.1M | $1.7M | $3.4M | $2.0M | $2.5M | $228,931 |
| Cash & equivalents | $99.2M | $103.5M | $78.8M | $102.4M | $24.3M | $30.1M | $1.7M | $1.8M | $2.0M | $2.5M | $228,931 |
| Short-term investments | — | — | — | — | — | — | — | $1.5M | — | — | — |
| Receivables | $11.7M | $8.3M | $221,918 | $279,575 | $253,948 | $89,042 | $241,207 | $273,086 | $53,858 | $31,949 | $8,872 |
| Inventory | $9.1M | $8.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $1.7M | $2.6M | $147,773 | $220,672 | $145,543 | $19,984 | $27,170 | $39,663 | $22,832 | $27,432 | $14,221 |
| Total current assets | $121.7M | $122.5M | $79.2M | $102.9M | $24.7M | $30.3M | $1.9M | $3.7M | $2.1M | $2.6M | $252,024 |
| Property, plant & equipment (net) | $448.4M | $452.4M | $9.1M | $12.2M | $11.7M | $11.8M | $13.4M | $8.2M | $602,372 | $358,231 | $264,774 |
| Goodwill & intangible assets | $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 |
| Other non-current assets | $7.0M | $7.6M | $290,526 | $309,433 | $81,922 | $157,967 | $155,978 | $5.0M | $4 | $0 | $4 |
| Total assets | $577.1M | $582.5M | $88.5M | $115.5M | $36.5M | $42.2M | $15.5M | $17.0M | $2.7M | $2.9M | $516,802 |
| Liabilities | |||||||||||
| Accounts payable | $24.1M | $17.9M | — | $1.8M | $1.1M | $553,624 | $408,194 | — | — | — | — |
| Short-term debt | $216,739 | $248,815 | $9,038 | — | — | — | — | — | — | — | — |
| Total current liabilities | $34.6M | $25.8M | $3.0M | $3.6M | $2.8M | $2.3M | $2.2M | $4.1M | $114,579 | $114,146 | $234,197 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $417,000 | $470,000 | — | — | — | — | — | — | — | — | — |
| Other long-term liabilities | $140.3M | $141.8M | $473,649 | $634,146 | $572,198 | $2.3M | $2.3M | $2.2M | $0 | $0 | $0 |
| Total liabilities | $174.8M | $167.6M | $3.5M | $4.2M | $3.4M | $4.7M | $4.5M | $6.3M | $114,579 | $114,146 | $234,197 |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $399.5M | $401.2M | $102.0M | $131.8M | $50.2M | $49.9M | $19.9M | $19.4M | $9.3M | $9.3M | $7.2M |
| Retained earnings (deficit) | −$11.9M | −$155,509 | −$20.4M | −$24.4M | −$20.1M | −$15.1M | −$11.3M | −$9.4M | −$9.4M | −$8.6M | −$8.3M |
| Accumulated other comprehensive income | $14.6M | $13.8M | $3.5M | $3.8M | $3.0M | $2.7M | $2.4M | $691,513 | −$60,665 | −$62,998 | −$17,603 |
| Total shareholders' equity | $402.2M | $414.9M | $85.0M | $111.3M | $33.1M | $37.5M | $11.0M | $10.6M | $2.6M | $2.8M | $282,603 |
| Key figures | |||||||||||
| Total debt | $416,499 | $471,546 | $9,038 | — | — | — | — | — | — | — | — |
| Net cash (debt) | $98.8M | $103.1M | $78.8M | — | — | — | — | — | — | — | — |
| Working capital | $87.1M | $96.7M | $76.1M | $99.4M | $21.9M | $27.9M | −$266,813 | −$436,015 | $2.0M | $2.4M | $17,827 |
| Tangible book value | $402.2M | $414.9M | $85.0M | $111.3M | $33.1M | $37.5M | $11.0M | $10.6M | $2.6M | $2.8M | $282,603 |
| Book value per share | $1.98 | $2.73 | $0.65 | $0.87 | $0.32 | $0.43 | $0.13 | $0.15 | $0.04 | $0.05 | — |
| Shares outstanding | 203.4M | 152.1M | 130.9M | 128.6M | 105.1M | 86.9M | 81.6M | 72.6M | 60.5M | 54.5M | — |
| Current ratio | 3.52 | 4.74 | 25.97 | 28.86 | 8.78 | 12.92 | 0.88 | 0.89 | 18.02 | 22.37 | 1.08 |
| Quick ratio | 3.21 | 4.33 | 25.92 | 28.79 | 8.73 | 12.91 | 0.87 | 0.89 | 17.82 | 22.13 | 1.02 |
| Debt / equity | 0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — | — |
| Equity / assets | 69.7% | 71.2% | 96.0% | 96.4% | 90.7% | 88.9% | 70.8% | 62.7% | 95.7% | 96.1% | 54.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 30, 2025); data from EODHD.
HSLV financial position
At the end of fiscal 2025 (September 30, 2025), Highlander Silver had total assets of $115.5 million (up 731.8% from a year earlier), total liabilities of $4.2 million and shareholders' equity of $111.3 million. Its current ratio was 28.86. In the latest quarter (ended June 30, 2026) total assets were $577.1 million and equity $402.2 million.
Related: HSLV income statement, HSLV cash flow statement, HSLV key metrics. See the HSLV stock overview for the latest quote and news.
HSLV balance sheet FAQ
What are Highlander Silver's total assets?
Highlander Silver reported total assets of $115.5 million at the end of fiscal 2025 (September 30, 2025), compared with $13.9 million a year earlier.
How much cash does Highlander Silver have?
Highlander Silver held $102.4 million in cash and short-term investments at the end of fiscal 2025.
What is Highlander Silver's book value?
Highlander Silver's shareholders' equity (book value) was $111.3 million at the end of fiscal 2025, or $1.17 per share.
What is Highlander Silver's current ratio?
Highlander Silver had current assets of $102.9 million and current liabilities of $3.6 million, a current ratio of 28.86 (it can cover its short-term obligations).