NexMetals Mining Corp. (NEXM) Balance Sheet

NASDAQ: NEXMAssets, liabilities, debt and equity over 5 years.

NEXM balance sheet, 2025

December 31, 2025 · Canadian dollars

C$98.4M assets = C$15.6M liabilities + C$82.9M equity

What it ownsC$98.4MCash & ST investments: C$39.7M (40.4%)Cash & ST investmentsC$39.7M · 40%Receivables: C$5.7M (5.7%)Other current: C$1.0M (1.1%)PP&E: C$9.3M (9.5%)PP&E C$9.3MOther non-current: C$42.7M (43.4%)Other non-currentC$42.7M · 43%=How it is financedC$98.4MCurrent liabilities: C$9.9M (10.1%)Current liabilities C$9.9MLong-term debt: C$1.2M (1.2%)Other LT liabilities: C$4.4M (4.4%)Shareholders’ equity: C$82.9M (84.2%)Shareholders’ equityC$82.9M · 84%

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

NEXM financial health

Current ratio4.67
Comfortable · current assets cover current liabilities 4.67×
Debt / equity0.02
Low leverage · C$0.02 of debt for each $1 of equity
Equity / assets84.2%
Equity-funded · of assets funded by shareholders
Cash / debt1,996.0%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NEXM balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assetsC$5.2M2021C$98.4M2025+108.2%/yr
Total liabilitiesC$9.6M2021C$15.6M2025+13.0%/yr
Shareholders’ equity−C$4.3M2021C$82.9M2025—
Cash & short-term investmentsC$2.0M2021C$39.7M2025+111.4%/yr
Total debtC$10.0M2022C$2.0M2025−41.5%/yr
Net cash (debt)−C$4.8M2022C$37.8M2025+C$42.6M
Working capitalC$1.6M2021C$36.5M2025+C$34.9M
Current ratio3.6820214.672025+0.98
Debt / equity0.3720220.022025−0.34
Shares outstanding5.7M202120.7M2025+38.2%/yr

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

NEXM assets

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

NEXM liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NEXM debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

NEXM balance sheet in Canadian dollars

20252024202320222021
Assets
Cash & short-term investmentsC$39.7MC$6.1MC$14.5MC$5.2MC$2.0M
Cash & equivalentsC$39.7MC$6.1MC$14.5MC$5.2MC$2.0M
ReceivablesC$5.7MC$972,022C$402,024C$804,630C$139,630
InventoryC$0C$0C$160,055C$0C$0
Other current assetsC$1.0MC$540,288C$679,285C$470,725C$8,664
Total current assetsC$46.4MC$7.6MC$15.8MC$6.4MC$2.1M
Property, plant & equipment (net)C$9.3MC$17.3MC$6.4MC$35.2MC$3.1M
Goodwill & intangible assetsC$0C$0C$0C$0C$0
Long-term investmentsC$0C$0C$0C$0C$321,000
Other non-current assetsC$42.7MC$0C$6.5MC$0C$0
Total assetsC$98.4MC$25.0MC$28.7MC$41.7MC$5.2M
Liabilities
Accounts payableC$7.1MC$2.5MC$2.4MC$3.7MC$218,456
Short-term debtC$497,435C$136,935C$1.2MC$8.4M—
Total current liabilitiesC$9.9MC$4.2MC$4.4MC$12.5MC$580,486
Long-term debtC$1.2MC$19.2MC$18.2MC$164,644C$0
Lease obligations—C$0C$1.6MC$2.7MC$0
Other long-term liabilitiesC$4.4MC$5.0MC$0C$1.8MC$9.0M
Total liabilitiesC$15.6MC$28.4MC$21.3MC$14.5MC$9.6M
Shareholders' equity
Common stock & paid-in capital———C$91.1MC$8.0M
Retained earnings (deficit)−C$205.9M−C$147.0M−C$78.9M−C$78.1M−C$13.5M
Accumulated other comprehensive income−C$2.9M−C$1.5M−C$1.3MC$14.1MC$1.2M
Total shareholders' equityC$82.9M−C$3.4MC$7.4MC$27.2M−C$4.3M
Key figures
Total debtC$2.0MC$19.2MC$14.9MC$10.0M—
Net cash (debt)C$37.8M−C$13.1M−C$421,058−C$4.8M—
Working capitalC$36.5MC$3.4MC$11.3M−C$6.0MC$1.6M
Tangible book valueC$82.9M−C$3.4MC$7.4MC$27.2M−C$4.3M
Shares outstanding20.7M8.4M6.4M5.5M5.7M
Current ratio4.671.813.550.523.68
Quick ratio4.561.683.360.483.67
Debt / equity0.02—2.030.37—
Equity / assets84.2%−13.8%25.7%65.3%−82.4%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed December 31, 2025); data from EODHD.

NEXM financial position

At the end of fiscal 2025 (December 31, 2025), NexMetals Mining Corp. had total assets of C$98.4 million (up 294.5% from a year earlier), total liabilities of C$15.6 million and shareholders' equity of C$82.9 million. It held C$39.7 million in cash and short-term investments against C$2.0 million of debt, a net cash position of C$37.8 million. Its current ratio was 4.67. In the latest quarter (ended June 30, 2026) total assets were C$49.8 million and equity C$43.5 million.

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

NEXM balance sheet FAQ

What are NexMetals Mining Corp.'s total assets?

NexMetals Mining Corp. reported total assets of C$98.4 million at the end of fiscal 2025 (December 31, 2025), compared with C$25.0 million a year earlier.

How much debt does NexMetals Mining Corp. have?

NexMetals Mining Corp. had C$2.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.02.

How much cash does NexMetals Mining Corp. have?

NexMetals Mining Corp. held C$39.7 million in cash and short-term investments at the end of fiscal 2025; with C$2.0 million of debt that is net cash of C$37.8 million.

What is NexMetals Mining Corp.'s book value?

NexMetals Mining Corp.'s shareholders' equity (book value) was C$82.9 million at the end of fiscal 2025.

What is NexMetals Mining Corp.'s current ratio?

NexMetals Mining Corp. had current assets of C$46.4 million and current liabilities of C$9.9 million, a current ratio of 4.67 (it can cover its short-term obligations).

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