OceanaGold Corporation (OGC) Balance Sheet
OGC balance sheet, 2025
December 31, 2025 · U.S. dollars$3.26B assets = $884.2M liabilities + $2.37B equity
Both columns are drawn to the same scale: what OGC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OGC financial health
Descriptive bands, not a rating. Fiscal 2025.
OGC balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.29B2022 | $3.26B2025 | +12.4%/yr | |
| Total liabilities | $617.3M2022 | $884.2M2025 | +12.7%/yr | |
| Shareholders’ equity | $1.67B2022 | $2.27B2025 | +10.7%/yr | |
| Cash & short-term investments | $83.2M2022 | $476.5M2025 | +78.9%/yr | |
| Total debt | $224.6M2022 | $50.1M2025 | −39.4%/yr | |
| Net cash (debt) | −$141.4M2022 | $426.4M2025 | +$567.8M | |
| Working capital | $59.3M2022 | $226.1M2025 | +$166.8M | |
| Book value per share | $7.132022 | $9.712025 | +10.8%/yr | |
| Current ratio | 1.262022 | 1.452025 | +0.19 | |
| Debt / equity | 0.132022 | 0.022025 | −0.11 | |
| Shares outstanding | 234.7M2022 | 233.5M2025 | −0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OGC assets
OGC liabilities and equity
OGC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OGC balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $476.5M | $193.5M | $61.7M | $83.2M |
| Cash & equivalents | $476.5M | $193.5M | $61.7M | $83.2M |
| Receivables | $17.4M | $13.7M | $44.2M | $34.1M |
| Inventory | $218.1M | $239.5M | $205.3M | $147.1M |
| Other current assets | $19.8M | $18.6M | $14.3M | $24.5M |
| Total current assets | $731.8M | $465.3M | $325.5M | $288.9M |
| Property, plant & equipment (net) | $2.30B | $1.83B | $1.86B | $1.66B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $600,000 |
| Other non-current assets | $226.5M | $194.1M | $264.2M | $340.3M |
| Total assets | $3.26B | $2.49B | $2.45B | $2.29B |
| Liabilities | ||||
| Accounts payable | $302.8M | $199.6M | $212.3M | $174.7M |
| Short-term debt | $19.9M | — | — | — |
| Total current liabilities | $505.7M | $308.8M | $311.0M | $229.6M |
| Long-term debt | $0 | $0 | $136.6M | $224.6M |
| Lease obligations | $50.1M | $70.0M | $93.6M | $98.4M |
| Other long-term liabilities | $378.5M | $253.8M | $265.6M | $163.1M |
| Total liabilities | $884.2M | $562.6M | $713.2M | $617.3M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $1.17B | — | — | — |
| Retained earnings (deficit) | $1.09B | $611.6M | $438.3M | $369.5M |
| Accumulated other comprehensive income | −$59.9M | — | — | — |
| Minority interest | $104.1M | $106.5M | $0 | — |
| Total shareholders' equity | $2.27B | $1.82B | $1.73B | $1.67B |
| Key figures | ||||
| Total debt | $50.1M | — | $136.6M | $224.6M |
| Net cash (debt) | $426.4M | — | −$74.9M | −$141.4M |
| Working capital | $226.1M | $156.5M | $14.5M | $59.3M |
| Tangible book value | $2.27B | $1.82B | $1.73B | $1.67B |
| Book value per share | $9.71 | $7.77 | $7.35 | $7.13 |
| Shares outstanding | 233.5M | 234.2M | 235.8M | 234.7M |
| Current ratio | 1.45 | 1.51 | 1.05 | 1.26 |
| Quick ratio | 0.98 | 0.67 | 0.34 | 0.51 |
| Debt / equity | 0.02 | — | 0.08 | 0.13 |
| Equity / assets | 69.6% | 73.1% | 70.8% | 73.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $654.8M | $620.1M | $476.5M | $334.6M | $298.7M | $227.6M | $193.5M | $158.6M |
| Cash & equivalents | $654.8M | $620.1M | $476.5M | $334.6M | $298.7M | $227.6M | $193.5M | $158.6M |
| Receivables | $44.3M | $23.8M | $17.4M | $38.3M | $15.6M | $14.7M | $13.7M | $15.5M |
| Inventory | $225.8M | $223.2M | $218.1M | $184.6M | $213.2M | $219.2M | $239.5M | $245.9M |
| Other current assets | $24.6M | $24.7M | $19.8M | $30.8M | $21.1M | $24.4M | $18.6M | $26.5M |
| Total current assets | $949.5M | $891.8M | $731.8M | $588.2M | $548.6M | $485.9M | $465.3M | $446.5M |
| Property, plant & equipment (net) | $2.43B | $2.37B | $2.30B | $2.08B | $2.02B | $1.90B | $1.83B | $1.89B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $218.6M | $212.3M | $226.5M | $210.9M | $210.6M | $197.0M | $194.1M | $233.2M |
| Total assets | $3.60B | $3.47B | $3.26B | $2.88B | $2.78B | $2.59B | $2.49B | $2.57B |
| Liabilities | ||||||||
| Accounts payable | $330.4M | $364.7M | $302.8M | $308.4M | $241.3M | $216.4M | $199.6M | $207.9M |
| Short-term debt | $15.6M | $19.8M | $19.9M | $25.6M | — | — | — | — |
| Total current liabilities | $582.7M | $615.4M | $505.7M | $461.6M | $376.0M | $328.9M | $308.8M | $323.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $83.6M |
| Lease obligations | $50.1M | $54.9M | $50.1M | — | $61.0M | $61.2M | $70.0M | $79.2M |
| Other long-term liabilities | $380.8M | $364.1M | $378.5M | $291.7M | $271.5M | $250.4M | $253.8M | $262.7M |
| Total liabilities | $963.5M | $979.5M | $884.2M | $753.4M | $647.5M | $579.3M | $562.6M | $670.2M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $1.15B | $1.16B | $1.17B | $1.19B | — | — | — | — |
| Retained earnings (deficit) | $1.39B | $1.23B | $1.09B | $844.6M | $811.4M | $704.3M | $611.6M | $509.5M |
| Accumulated other comprehensive income | −$70.9M | −$69.3M | −$59.9M | −$76.2M | — | — | — | — |
| Minority interest | $101.0M | $103.5M | $104.1M | — | $103.5M | $103.4M | — | — |
| Total shareholders' equity | $2.54B | $2.39B | $2.27B | $2.02B | $2.03B | $1.90B | $1.82B | $1.79B |
| Key figures | ||||||||
| Total debt | $50.1M | $54.9M | $50.1M | $55.4M | — | — | — | $83.6M |
| Net cash (debt) | $604.7M | $565.2M | $426.4M | $279.1M | — | — | — | $75.0M |
| Working capital | $366.8M | $276.4M | $226.1M | $126.6M | $172.6M | $157.0M | $156.5M | $122.6M |
| Tangible book value | $2.54B | $2.39B | $2.27B | $2.02B | $2.03B | $1.90B | $1.82B | $1.79B |
| Book value per share | $11.27 | $10.55 | $9.82 | $8.68 | $8.79 | $8.18 | $7.77 | $7.57 |
| Shares outstanding | 225.1M | 226.6M | 230.8M | 233.0M | 231.1M | 232.7M | 234.2M | 236.0M |
| Current ratio | 1.63 | 1.45 | 1.45 | 1.27 | 1.46 | 1.48 | 1.51 | 1.38 |
| Quick ratio | 1.20 | 1.05 | 0.98 | 0.81 | 0.84 | 0.74 | 0.67 | 0.54 |
| Debt / equity | 0.02 | 0.02 | 0.02 | 0.03 | — | — | — | 0.05 |
| Equity / assets | 70.4% | 68.8% | 69.6% | 70.2% | 73.0% | 73.6% | 73.1% | 69.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
OGC financial position
At the end of fiscal 2025 (December 31, 2025), OceanaGold had total assets of $3.3 billion (up 30.8% from a year earlier), total liabilities of $884.2 million and shareholders' equity of $2.3 billion. It held $476.5 million in cash and short-term investments against $50.1 million of debt, a net cash position of $426.4 million. Its current ratio was 1.45. In the latest quarter (ended June 30, 2026) total assets were $3.6 billion and equity $2.5 billion.
Related: OGC income statement, OGC cash flow statement, OGC key metrics. See the OGC stock overview for the latest quote and news.
OGC balance sheet FAQ
What are OceanaGold's total assets?
OceanaGold reported total assets of $3.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.5 billion a year earlier.
How much debt does OceanaGold have?
OceanaGold had $50.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does OceanaGold have?
OceanaGold held $476.5 million in cash and short-term investments at the end of fiscal 2025; with $50.1 million of debt that is net cash of $426.4 million.
What is OceanaGold's book value?
OceanaGold's shareholders' equity (book value) was $2.3 billion at the end of fiscal 2025, or $9.71 per share.
What is OceanaGold's current ratio?
OceanaGold had current assets of $731.8 million and current liabilities of $505.7 million, a current ratio of 1.45 (it can cover its short-term obligations).