Metalla Royalty & Streaming Ltd. (MTA) Balance Sheet
MTA balance sheet, 2025
December 31, 2025 · U.S. dollars$270.9M assets = $19.1M liabilities + $251.8M equity
Both columns are drawn to the same scale: what MTA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MTA financial health
Descriptive bands, not a rating. Fiscal 2025.
MTA balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $276.0M2023 | $270.9M2025 | −0.9%/yr | |
| Total liabilities | $23.1M2023 | $19.1M2025 | −9.1%/yr | |
| Shareholders’ equity | $252.9M2023 | $251.8M2025 | −0.2%/yr | |
| Cash & short-term investments | $14.1M2023 | $9.8M2025 | −16.7%/yr | |
| Total debt | $26.6M2023 | $12.2M2025 | −32.4%/yr | |
| Net cash (debt) | −$12.5M2023 | −$2.4M2025 | +$10.1M | |
| Working capital | −$2.9M2023 | $9.0M2025 | +$11.9M | |
| Book value per share | $4.582023 | $2.722025 | −22.9%/yr | |
| Current ratio | 0.862023 | 2.412025 | +1.55 | |
| Debt / equity | 0.112023 | 0.052025 | −0.06 | |
| Shares outstanding | 55.2M2023 | 92.5M2025 | +29.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MTA assets
MTA liabilities and equity
MTA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MTA balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $9.8M | $9.7M | $14.1M |
| Cash & equivalents | $9.8M | $9.7M | $14.1M |
| Receivables | $4.4M | $2.5M | $2.8M |
| Inventory | $0 | $0 | $0 |
| Other current assets | $1.3M | $723,000 | $734,000 |
| Total current assets | $15.4M | $13.0M | $17.7M |
| Property, plant & equipment (net) | $255.2M | $255.3M | $257.8M |
| Goodwill & intangible assets | $0 | $0 | $0 |
| Long-term investments | $200,000 | $314,000 | $450,000 |
| Other non-current assets | $81,000 | $105,000 | $105,000 |
| Total assets | $270.9M | $268.7M | $276.0M |
| Liabilities | |||
| Accounts payable | $4.0M | $1.2M | $5.1M |
| Short-term debt | $2.4M | $12.7M | $13.6M |
| Total current liabilities | $6.4M | $13.9M | $20.6M |
| Long-term debt | $12.2M | $0 | $13.0M |
| Other long-term liabilities | $525,000 | $2.8M | $0 |
| Total liabilities | $19.1M | $16.6M | $23.1M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $310.5M | $307.8M | $303.3M |
| Retained earnings (deficit) | −$73.1M | −$68.8M | −$63.4M |
| Accumulated other comprehensive income | $14.4M | $13.0M | $12.9M |
| Total shareholders' equity | $251.8M | $252.0M | $252.9M |
| Key figures | |||
| Total debt | $12.2M | $12.7M | $26.6M |
| Net cash (debt) | −$2.4M | −$3.0M | −$12.5M |
| Working capital | $9.0M | −$925,000 | −$2.9M |
| Tangible book value | $251.8M | $252.0M | $252.9M |
| Book value per share | $2.72 | $2.75 | $4.58 |
| Shares outstanding | 92.5M | 91.5M | 55.2M |
| Current ratio | 2.41 | 0.93 | 0.86 |
| Quick ratio | 2.21 | 0.88 | 0.82 |
| Debt / equity | 0.05 | 0.05 | 0.11 |
| Equity / assets | 92.9% | 93.8% | 91.6% |
| 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 | $10.7M | $10.0M | $9.8M | $11.1M | $9.9M | $9.0M | $9.7M | $10.2M | $9.1M | $11.0M | $14.1M | $5.9M |
| Cash & equivalents | $10.7M | $10.0M | $9.8M | $11.1M | $9.9M | $9.0M | $9.7M | $10.2M | $9.1M | $11.0M | $14.1M | $5.9M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | — | $173.4M |
| Receivables | $5.0M | $3.0M | $4.4M | $3.4M | $2.8M | $1.8M | $2.5M | $1.3M | $1.3M | $1.4M | $2.8M | $2.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $615,000 |
| Other current assets | $930,190 | $1.2M | $1.3M | $661,000 | $470,000 | $758,000 | $723,000 | $739,000 | $418,000 | $650,000 | $734,000 | $1.1M |
| Total current assets | $16.6M | $14.1M | $15.4M | $15.1M | $13.2M | $11.5M | $13.0M | $12.2M | $10.8M | $13.0M | $17.7M | $9.7M |
| Property, plant & equipment (net) | $656,721 | $255.7M | $255.2M | $253.6M | $254.2M | $254.8M | $255.3M | $256.0M | $256.5M | $257.1M | $257.8M | $127.5M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $101,000 | $200,000 | $223,000 | $248,000 | $282,000 | $314,000 | $326,000 | $384,000 | $393,000 | $450,000 | $497,000 |
| Other non-current assets | $254.8M | $100,000 | $81,000 | $77,000 | $160,000 | $132,000 | $105,000 | $181,000 | $152,000 | $133,000 | $105,000 | $55,000 |
| Total assets | $272.1M | $270.0M | $270.9M | $269.0M | $267.8M | $266.7M | $268.7M | $268.7M | $267.9M | $270.6M | $276.0M | $137.8M |
| Liabilities | ||||||||||||
| Accounts payable | $1.9M | $2.0M | $4.0M | $611,000 | $917,000 | $312,000 | $1.2M | $619,000 | $378,000 | $830,000 | $5.1M | $1.1M |
| Short-term debt | $1.8M | $2.2M | $2.4M | $2.4M | $2.3M | $13.0M | $12.7M | $13.1M | $12.4M | $12.1M | $13.6M | $678,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | −$1.1M |
| Total current liabilities | $3.7M | $4.1M | $6.4M | $3.0M | $3.3M | $13.3M | $13.9M | $13.8M | $13.2M | $15.2M | $20.6M | $2.2M |
| Long-term debt | $12.3M | $12.3M | $12.2M | $12.1M | $12.0M | $0 | $0 | $0 | $0 | $0 | $13.0M | $2.7M |
| Lease obligations | $539,000 | — | — | — | — | — | — | — | — | — | — | — |
| Other long-term liabilities | $1.0M | $523,000 | $525,000 | $526,000 | $536,000 | $536,000 | $2.8M | $2.7M | $2.7M | $2.6M | $0 | $2.7M |
| Total liabilities | $17.1M | $16.9M | $19.1M | $15.6M | $15.8M | $13.8M | $16.6M | $16.5M | $15.9M | $17.8M | $23.1M | $7.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $311.9M | $312.3M | $310.5M | $309.2M | $309.1M | $308.9M | $307.8M | $306.1M | $305.4M | $305.0M | $303.3M | $179.0M |
| Retained earnings (deficit) | −$71.6M | −$73.0M | −$73.1M | −$70.7M | −$71.3M | −$69.6M | −$68.8M | −$67.8M | −$66.6M | −$65.1M | −$63.4M | −$61.5M |
| Accumulated other comprehensive income | $14.7M | $13.8M | $14.4M | $14.9M | $14.2M | $13.5M | $13.0M | $13.8M | $13.1M | $12.9M | $12.9M | $12.8M |
| Total shareholders' equity | $255.0M | $253.1M | $251.8M | $253.4M | $252.0M | $252.9M | $252.0M | $252.2M | $252.0M | $252.8M | $252.9M | $130.3M |
| Key figures | ||||||||||||
| Total debt | $12.9M | $12.3M | $12.2M | $12.1M | $14.4M | $13.0M | $12.7M | $13.1M | $12.4M | $12.1M | $26.6M | $3.3M |
| Net cash (debt) | −$2.2M | −$2.3M | −$2.4M | −$988,000 | −$4.5M | −$4.0M | −$3.0M | −$2.9M | −$3.3M | −$1.1M | −$12.5M | $2.5M |
| Working capital | $12.9M | $10.0M | $9.0M | $12.1M | $9.9M | −$1.8M | −$925,000 | −$1.5M | −$2.4M | −$2.2M | −$2.9M | $7.6M |
| Tangible book value | $255.0M | $253.1M | $251.8M | $253.4M | $252.0M | $252.9M | $252.0M | $252.2M | $252.0M | $252.8M | $252.9M | $130.3M |
| Book value per share | $2.66 | $2.65 | $2.72 | $2.68 | $2.72 | $2.74 | $2.74 | $2.75 | $2.75 | $2.78 | $3.87 | $2.47 |
| Shares outstanding | 95.9M | 95.7M | 92.6M | 94.7M | 92.5M | 92.3M | 91.9M | 91.6M | 91.5M | 91.0M | 65.3M | 52.8M |
| Current ratio | 4.50 | 3.45 | 2.41 | 5.04 | 4.04 | 0.86 | 0.93 | 0.89 | 0.81 | 0.86 | 0.86 | 4.46 |
| Quick ratio | 4.25 | 3.17 | 2.21 | 4.82 | 3.89 | 0.81 | 0.88 | 0.84 | 0.78 | 0.81 | 0.82 | 3.68 |
| Debt / equity | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.11 | 0.03 |
| Equity / assets | 93.7% | 93.7% | 92.9% | 94.2% | 94.1% | 94.8% | 93.8% | 93.9% | 94.1% | 93.4% | 91.6% | 94.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
MTA financial position
At the end of fiscal 2025 (December 31, 2025), Metalla Royalty & Streaming had total assets of $270.9 million (up 0.8% from a year earlier), total liabilities of $19.1 million and shareholders' equity of $251.8 million. It held $9.8 million in cash and short-term investments against $12.2 million of debt, net debt of $2.4 million. Its current ratio was 2.41. In the latest quarter (ended June 30, 2026) total assets were $272.1 million and equity $255.0 million.
Related: MTA income statement, MTA cash flow statement, MTA key metrics. See the MTA stock overview for the latest quote and news.
MTA balance sheet FAQ
What are Metalla Royalty & Streaming's total assets?
Metalla Royalty & Streaming reported total assets of $270.9 million at the end of fiscal 2025 (December 31, 2025), compared with $268.7 million a year earlier.
How much debt does Metalla Royalty & Streaming have?
Metalla Royalty & Streaming had $12.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.05.
How much cash does Metalla Royalty & Streaming have?
Metalla Royalty & Streaming held $9.8 million in cash and short-term investments at the end of fiscal 2025; with $12.2 million of debt that is net debt of $2.4 million.
What is Metalla Royalty & Streaming's book value?
Metalla Royalty & Streaming's shareholders' equity (book value) was $251.8 million at the end of fiscal 2025, or $2.72 per share.
What is Metalla Royalty & Streaming's current ratio?
Metalla Royalty & Streaming had current assets of $15.4 million and current liabilities of $6.4 million, a current ratio of 2.41 (it can cover its short-term obligations).