Osisko Gold Group Inc. (OGG) Balance Sheet
OGG balance sheet, FY2026
May 31, 2026 · Canadian dollarsC$1.26B assets = C$579.1M liabilities + C$682.1M equity
Both columns are drawn to the same scale: what OGG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
OGG financial health
Current ratio1.45
Adequate · current assets cover current liabilities 1.45×
Debt / equity0.21
Low leverage · C$0.21 of debt for each $1 of equity
Equity / assets54.1%
Equity-funded · of assets funded by shareholders
Cash / debt292.1%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
OGG balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$10,636FY2017 | C$1.26BFY2026 | +266.3%/yr | |
| Total liabilities | C$327,166FY2017 | C$579.1MFY2026 | +129.6%/yr | |
| Shareholders’ equity | C$1.4MFY2017 | C$682.1MFY2026 | +99.7%/yr | |
| Cash & short-term investments | C$5,375FY2017 | C$421.9MFY2026 | +249.8%/yr | |
| Total debt | C$2.0MFY2021 | C$144.4MFY2026 | +134.5%/yr | |
| Net cash (debt) | C$195.4MFY2021 | C$277.5MFY2026 | +C$82.1M | |
| Working capital | −C$316,531FY2017 | C$147.8MFY2026 | +C$148.2M | |
| Current ratio | 0.03FY2017 | 1.45FY2026 | +1.41 | |
| Debt / equity | 0.00FY2021 | 0.21FY2026 | +0.21 | |
| Shares outstanding | 11KFY2017 | 178.2MFY2026 | +193.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
OGG assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
OGG liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
OGG debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
OGG balance sheet in Canadian dollars
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | C$421.9M | C$106.7M | C$43.5M | C$105.9M | C$33.4M | C$197.4M | C$8.0M | C$162,715 | C$117 | C$5,375 |
| Cash & equivalents | C$68.0M | C$106.7M | C$43.5M | C$105.9M | C$33.4M | C$197.4M | C$8.0M | C$162,715 | C$117 | C$5,375 |
| Short-term investments | C$353.9M | — | — | — | — | — | — | — | — | — |
| Receivables | C$9.3M | C$2.6M | C$4.0M | C$11.0M | C$8.0M | C$7.0M | C$1.9M | C$0 | C$6,716 | C$5,260 |
| Inventory | C$7.8M | C$8.7M | C$7.2M | C$17.6M | C$18.6M | C$10.0M | C$1.7M | −C$402,000 | C$0 | C$0 |
| Other current assets | C$40.3M | C$5.3M | C$13.1M | C$6.6M | C$1.5M | C$4.0M | C$6.7M | C$416,973 | C$0 | C$0 |
| Total current assets | C$479.4M | C$123.2M | C$67.7M | C$141.3M | C$61.4M | C$218.5M | C$18.2M | C$177,688 | C$6,833 | C$10,635 |
| Property, plant & equipment (net) | C$643.8M | C$680.9M | C$625.2M | C$747.3M | C$563.0M | C$448.9M | C$320.7M | C$95.0M | C$0 | C$0 |
| Goodwill & intangible assets | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Long-term investments | C$30.6M | C$22.5M | C$32.4M | C$42.7M | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Other non-current assets | C$107.4M | C$30.2M | C$38.5M | C$37.0M | C$78.7M | C$134.8M | C$58.4M | C$0 | C$1 | C$1 |
| Total assets | C$1.26B | C$856.9M | C$763.9M | C$968.2M | C$703.1M | C$802.1M | C$397.3M | C$177,688 | C$6,834 | C$10,636 |
| Liabilities | ||||||||||
| Accounts payable | C$3.0M | C$14.8M | C$10.6M | C$18.1M | C$11.8M | C$13.6M | C$6.7M | C$19,000 | — | — |
| Short-term debt | C$6.8M | C$40.7M | C$12.9M | C$5.9M | C$9.7M | C$578,000 | — | — | — | — |
| Deferred revenue | — | C$109,000 | C$21,000 | C$941,000 | C$3.8M | C$1.6M | — | — | — | — |
| Total current liabilities | C$331.6M | C$144.5M | C$57.3M | C$51.0M | C$41.9M | C$42.8M | C$12.5M | C$44,992 | C$392,815 | C$327,166 |
| Long-term debt | C$137.8M | C$6.0M | C$5.1M | C$12.3M | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Lease obligations | — | C$822,000 | C$1.7M | C$2.2M | — | — | — | — | — | — |
| Other long-term liabilities | C$109.7M | C$135.8M | C$116.3M | C$174.5M | C$77.1M | C$59.7M | C$29.7M | C$0 | C$0 | C$0 |
| Total liabilities | C$579.1M | C$286.3M | C$178.7M | C$237.8M | C$118.9M | C$102.6M | C$42.2M | C$44,992 | C$392,815 | C$327,166 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | C$1.42B | C$1.14B | C$1.08B | C$1.03B | C$714.4M | C$613.1M | — | C$9.1M | C$8.5M | C$8.5M |
| Retained earnings (deficit) | −C$766.2M | −C$598.3M | −C$510.9M | −C$323.9M | −C$143.4M | −C$2.6M | — | −C$10.9M | −C$8.9M | −C$8.8M |
| Accumulated other comprehensive income | C$11.7M | −C$503,000 | −C$14.5M | C$7.2M | C$6.8M | C$15.0M | −C$19.1M | −C$26.5M | C$1.7M | — |
| Total shareholders' equity | C$682.1M | C$570.6M | C$585.2M | C$730.4M | C$584.2M | C$699.6M | C$355.0M | C$132,696 | C$1.2M | C$1.4M |
| Key figures | ||||||||||
| Total debt | C$144.4M | C$46.6M | C$18.6M | C$19.1M | C$13.6M | C$2.0M | — | — | — | — |
| Net cash (debt) | C$277.5M | C$60.0M | C$24.9M | C$86.9M | C$19.8M | C$195.4M | — | — | — | — |
| Working capital | C$147.8M | −C$21.3M | C$10.4M | C$90.2M | C$19.6M | C$175.6M | C$5.7M | C$132,696 | −C$385,982 | −C$316,531 |
| Tangible book value | C$682.1M | C$570.6M | C$585.2M | C$730.4M | C$584.2M | C$699.6M | C$355.0M | C$132,696 | C$1.2M | C$1.4M |
| Shares outstanding | 178.2M | 93.8M | 82.5M | 63.8M | 44.0M | 37.9M | 37.9M | 55K | 11K | 11K |
| Current ratio | 1.45 | 0.85 | 1.18 | 2.77 | 1.47 | 5.10 | 1.46 | 3.95 | 0.02 | 0.03 |
| Quick ratio | 1.30 | 0.76 | 0.83 | 2.29 | 0.99 | 4.77 | 0.79 | 3.62 | 0.02 | 0.03 |
| Debt / equity | 0.21 | 0.08 | 0.03 | 0.03 | 0.02 | 0.00 | — | — | — | — |
| Equity / assets | 54.1% | 66.6% | 76.6% | 75.4% | 83.1% | 87.2% | 89.4% | 74.7% | 18,126.4% | 12,717.7% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Aug '24 | May '24 | Feb '24 | Aug '23 | May '23 | Feb '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | C$837.3M | C$595.8M | C$422.3M | C$401.4M | C$46.3M | C$77.6M | C$40.8M | C$33.7M | C$57.5M | C$52.6M | C$65.6M | C$90.3M |
| Cash & equivalents | C$837.3M | C$182.5M | C$422.3M | C$401.4M | C$46.3M | C$77.6M | C$40.8M | C$33.7M | C$57.5M | C$52.6M | C$65.6M | C$90.3M |
| Short-term investments | — | C$413.4M | — | — | — | — | — | — | — | — | — | — |
| Receivables | C$29.0M | C$5.4M | C$6.8M | C$9.1M | C$1.0M | C$1.5M | C$2.5M | C$2.8M | C$2.6M | C$4.7M | C$3.9M | C$2.2M |
| Inventory | C$14.1M | C$12.2M | C$7.8M | C$6.7M | C$8.1M | C$9.0M | C$5.5M | C$5.8M | C$6.6M | C$8.4M | C$11.0M | C$12.8M |
| Other current assets | C$49.5M | C$1.9M | C$42.8M | C$6.6M | C$6.7M | C$5.3M | C$9.2M | C$11.2M | C$12.1M | C$5.2M | C$5.2M | C$4.4M |
| Total current assets | C$929.8M | C$615.2M | C$479.8M | C$423.8M | C$62.1M | C$93.4M | C$58.0M | C$53.5M | C$78.9M | C$71.0M | C$85.7M | C$109.7M |
| Property, plant & equipment (net) | C$917.1M | C$716.5M | C$739.7M | C$696.5M | C$666.3M | C$670.0M | C$647.1M | C$637.2M | C$629.4M | C$528.6M | C$537.2M | C$526.9M |
| Goodwill & intangible assets | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Long-term investments | C$48.3M | C$44.3M | C$30.6M | C$24.3M | C$24.9M | C$22.7M | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Other non-current assets | C$33.4M | C$125.5M | C$12.2M | C$18.9M | C$30.4M | C$30.7M | C$62.0M | C$63.0M | C$72.8M | C$102.1M | C$107.2M | C$101.9M |
| Total assets | C$1.93B | C$1.50B | C$1.26B | C$1.16B | C$783.7M | C$816.8M | C$767.0M | C$753.8M | C$781.1M | C$701.7M | C$730.2M | C$738.5M |
| Liabilities | ||||||||||||
| Accounts payable | C$50.5M | C$51.8M | C$3.0M | C$28.5M | C$23.1M | C$26.9M | C$27.3M | C$27.6M | C$31.2M | C$8.7M | C$9.3M | C$10.6M |
| Short-term debt | C$94.4M | C$7.3M | — | C$5.0M | C$369,000 | C$38.6M | C$72.1M | C$39.5M | C$44.7M | C$9.5M | C$10.1M | C$4.6M |
| Deferred revenue | — | C$612,578 | — | — | C$60,000 | C$109,000 | — | — | C$21,000 | C$265,732 | C$611,818 | C$466,561 |
| Total current liabilities | C$259.7M | C$259.2M | C$331.9M | C$324.4M | C$158.8M | C$136.5M | C$122.6M | C$83.2M | C$92.4M | C$42.7M | C$41.3M | C$28.7M |
| Long-term debt | C$448.0M | C$148.7M | C$137.8M | C$134.4M | C$6.2M | C$7.3M | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Lease obligations | — | — | — | — | C$616,000 | C$794,000 | — | — | — | — | — | — |
| Other long-term liabilities | C$110.2M | C$109.8M | C$109.9M | C$158.0M | C$134.0M | C$140.6M | C$115.5M | C$117.0M | C$115.3M | C$123.0M | C$140.3M | C$156.4M |
| Total liabilities | C$817.8M | C$517.6M | C$579.6M | C$616.8M | C$298.9M | C$284.4M | C$238.2M | C$200.1M | C$207.7M | C$165.7M | C$181.6M | C$185.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | C$1.66B | C$1.66B | — | C$1.35B | C$1.14B | C$1.14B | C$1.08B | C$1.08B | C$1.08B | C$794.7M | C$812.2M | C$795.2M |
| Retained earnings (deficit) | −C$588.0M | −C$709.0M | −C$766.8M | −C$831.6M | −C$683.1M | −C$635.6M | −C$581.8M | −C$548.0M | −C$519.1M | −C$274.3M | −C$274.8M | −C$260.1M |
| Accumulated other comprehensive income | C$9.1M | C$4.9M | — | −C$10.3M | −C$6.8M | −C$1.7M | −C$4.4M | −C$11.8M | −C$18.3M | C$2.9M | −C$335,708 | C$7.1M |
| Total shareholders' equity | C$1.11B | C$983.9M | C$682.7M | C$546.7M | C$484.8M | C$532.3M | C$528.9M | C$553.7M | C$573.4M | C$536.0M | C$548.6M | C$553.3M |
| Key figures | ||||||||||||
| Total debt | C$542.4M | C$156.4M | C$137.8M | C$139.4M | C$6.8M | C$46.4M | C$79.0M | C$46.8M | C$48.3M | C$14.5M | C$15.9M | C$16.4M |
| Net cash (debt) | C$294.9M | C$439.5M | C$284.5M | C$261.9M | C$39.5M | C$31.2M | −C$38.2M | −C$13.1M | C$9.3M | C$38.1M | C$49.6M | C$74.0M |
| Working capital | C$670.1M | C$356.0M | C$148.0M | C$99.4M | −C$96.6M | −C$43.0M | −C$64.7M | −C$29.6M | −C$13.5M | C$28.3M | C$44.4M | C$81.0M |
| Tangible book value | C$1.11B | C$983.9M | C$682.7M | C$546.7M | C$484.8M | C$532.3M | C$528.9M | C$553.7M | C$573.4M | C$536.0M | C$548.6M | C$553.3M |
| Shares outstanding | 312.6M | 311.1M | 255.1M | 187.7M | 136.8M | 136.6M | 85.6M | 84.6M | 84.2M | 84.0M | 82.6M | 78.2M |
| Current ratio | 3.58 | 2.37 | 1.45 | 1.31 | 0.39 | 0.68 | 0.47 | 0.64 | 0.85 | 1.66 | 2.08 | 3.82 |
| Quick ratio | 3.34 | 2.32 | 1.29 | 1.27 | 0.30 | 0.58 | 0.35 | 0.44 | 0.65 | 1.34 | 1.68 | 3.22 |
| Debt / equity | 0.49 | 0.16 | 0.20 | 0.26 | 0.01 | 0.09 | 0.15 | 0.08 | 0.08 | 0.03 | 0.03 | 0.03 |
| Equity / assets | 57.6% | 65.5% | 54.1% | 47.0% | 61.9% | 65.2% | 68.9% | 73.5% | 73.4% | 76.4% | 75.1% | 74.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed March 30, 2026); data from EODHD.
OGG financial position
At the end of fiscal 2026 (May 31, 2026), Osisko Gold had total assets of C$1.3 billion (up 47.2% from a year earlier), total liabilities of C$579.1 million and shareholders' equity of C$682.1 million. It held C$421.9 million in cash and short-term investments against C$144.4 million of debt, a net cash position of C$277.5 million. Its current ratio was 1.45.
Related: OGG income statement, OGG cash flow statement, OGG key metrics. See the OGG stock overview for the latest quote and news.
OGG balance sheet FAQ
What are Osisko Gold's total assets?
Osisko Gold reported total assets of C$1.3 billion at the end of fiscal 2026 (May 31, 2026), compared with C$856.9 million a year earlier.
How much debt does Osisko Gold have?
Osisko Gold had C$144.4 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.21.
How much cash does Osisko Gold have?
Osisko Gold held C$421.9 million in cash and short-term investments at the end of fiscal 2026; with C$144.4 million of debt that is net cash of C$277.5 million.
What is Osisko Gold's book value?
Osisko Gold's shareholders' equity (book value) was C$682.1 million at the end of fiscal 2026.
What is Osisko Gold's current ratio?
Osisko Gold had current assets of C$479.4 million and current liabilities of C$331.6 million, a current ratio of 1.45 (it can cover its short-term obligations).