Platinum Group Metals Ltd. (PLG) Balance Sheet
PLG balance sheet, FY2025
August 31, 2025 · U.S. dollars$62.1M assets = $2.6M liabilities + $59.5M equity
Both columns are drawn to the same scale: what PLG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PLG financial health
Descriptive bands, not a rating. Fiscal FY2025.
PLG balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $519.9MFY2016 | $62.1MFY2025 | −21.0%/yr | |
| Total liabilities | $100.4MFY2016 | $2.6MFY2025 | −33.2%/yr | |
| Shareholders’ equity | $380.8MFY2016 | $35.6MFY2025 | −23.2%/yr | |
| Cash & short-term investments | $16.4MFY2016 | $11.7MFY2025 | −3.7%/yr | |
| Total debt | $81.3MFY2016 | $258,000FY2025 | −47.2%/yr | |
| Net cash (debt) | −$64.8MFY2016 | $11.4MFY2025 | +$76.2M | |
| Working capital | −$20.7MFY2016 | $11.3MFY2025 | +$32.0M | |
| Book value per share | −$0.51FY2019 | $0.34FY2025 | — | |
| Debt / equity | 0.21FY2016 | 0.01FY2025 | −0.21 | |
| Shares outstanding | 32.5MFY2019 | 105.4MFY2025 | +21.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PLG assets
PLG liabilities and equity
PLG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PLG balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $11.7M | $3.7M | $7.0M | $12.3M | $6.1M | $1.3M | $5.5M | $10.1M | $3.4M | $16.4M |
| Cash & equivalents | $417,000 | $3.7M | $7.0M | $12.3M | $6.1M | $1.3M | $5.5M | $3.0M | $3.4M | $16.4M |
| Short-term investments | $11.3M | $0 | — | — | — | — | $0 | $7.1M | — | — |
| Receivables | $77,000 | $225,000 | $215,196 | $382,000 | $476,000 | $218,000 | $507,000 | $863,000 | $2.1M | $6.1M |
| Inventory | $0 | $0 | −$317 | $0 | −$476,000 | −$218,000 | −$507,000 | $0 | $0 | $0 |
| Other current assets | $273,000 | $303,000 | $348,121 | $52,000 | $547,000 | $603,000 | $805,000 | $352,000 | $70.5M | $367,000 |
| Total current assets | $12.1M | $4.2M | $7.6M | $12.8M | $6.6M | $1.9M | $6.4M | $11.3M | $76.0M | $22.9M |
| Property, plant & equipment (net) | $49.6M | $47.6M | $42.2M | $40.7M | $44.4M | $35.4M | $37.2M | $30.5M | $24.4M | $492.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $190,000 | $170,000 | $108,000 | $65,000 | $70,000 | $79,000 | $4.9M |
| Other non-current assets | $409,000 | $313,000 | $235,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $62.1M | $52.1M | $50.0M | $53.7M | $51.2M | $37.4M | $43.7M | $41.8M | $100.5M | $519.9M |
| Liabilities | ||||||||||
| Accounts payable | $284,000 | $905,000 | $1.3M | $1.0M | $2.5M | $1.4M | $4.0M | $3.6M | $16.4M | $16.9M |
| Short-term debt | $55,933 | $0 | $0 | $0 | $27.8M | $0 | $0 | $0 | $46.3M | $26.7M |
| Deferred revenue | — | — | — | — | −$2.5M | — | — | — | −$16.4M | −$16.9M |
| Total current liabilities | $784,000 | $905,000 | $1.4M | $1.1M | $30.3M | $4.3M | $6.9M | $3.6M | $62.7M | $43.6M |
| Long-term debt | $202,000 | $263,000 | $317,000 | $44,000 | $130,000 | $36.7M | $34.9M | $57.1M | $61.0M | $54.6M |
| Lease obligations | $202,000 | $263,000 | $317,000 | $44,000 | $130,000 | $198,000 | — | — | — | — |
| Other long-term liabilities | $1.7M | $1.2M | $963,000 | $959,000 | $1.3M | $509,000 | $3.1M | $663,000 | $0 | $2.2M |
| Total liabilities | $2.6M | $2.3M | $2.6M | $2.1M | $31.7M | $41.6M | $44.8M | $61.4M | $123.8M | $100.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $953.6M | $939.8M | $937.0M | $935.0M | $890.8M | $861.9M | $855.3M | $818.5M | $800.9M | $714.2M |
| Retained earnings (deficit) | −$785.1M | −$780.0M | −$774.7M | −$768.4M | −$759.8M | −$746.3M | −$739.0M | −$715.3M | −$667.6M | −$125.2M |
| Accumulated other comprehensive income | −$167.5M | −$167.7M | −$170.3M | −$166.2M | −$159.2M | −$164.1M | −$159.6M | −$159.7M | −$170.5M | −$232.2M |
| Minority interest | $23.9M | $23.0M | $21.6M | $19.1M | — | — | — | — | — | — |
| Total shareholders' equity | $35.6M | $26.7M | $25.7M | $32.5M | $1.9M | −$20.3M | −$16.6M | −$30.7M | −$11.4M | $380.8M |
| Key figures | ||||||||||
| Total debt | $258,000 | $263,000 | $317,000 | $44,000 | $27.9M | $36.7M | $34.9M | $57.1M | $107.4M | $81.3M |
| Net cash (debt) | $11.4M | $3.4M | $6.7M | $12.3M | −$21.9M | −$35.4M | −$29.3M | −$47.0M | −$103.9M | −$64.8M |
| Working capital | $11.3M | $3.3M | $6.2M | $11.6M | −$23.7M | −$2.4M | −$554,000 | $7.7M | $13.3M | −$20.7M |
| Tangible book value | $35.6M | $26.7M | $25.7M | $32.5M | $1.9M | −$20.3M | −$16.6M | −$30.7M | −$11.4M | $380.8M |
| Book value per share | $0.34 | $0.26 | $0.26 | $0.36 | $0.03 | −$0.33 | −$0.51 | — | — | — |
| Shares outstanding | 105.4M | 102.3M | 99.9M | 89.6M | 71.9M | 61.5M | 32.5M | — | — | — |
| Current ratio | 15.38 | 4.67 | 5.52 | 11.39 | 0.22 | 0.44 | 0.92 | 3.17 | 1.21 | 0.53 |
| Quick ratio | 15.03 | 4.34 | 5.27 | 11.34 | 0.22 | 0.35 | 0.88 | 3.07 | 0.09 | 0.52 |
| Debt / equity | 0.01 | 0.01 | 0.01 | 0.00 | 14.80 | — | — | — | — | 0.21 |
| Equity / assets | 57.3% | 51.3% | 51.4% | 60.5% | 3.7% | −54.2% | −38.0% | −73.3% | −11.3% | 73.2% |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $44.7M | $44.6M | $18.5M | $11.7M | $5.7M | $1.4M | $2.1M | $3.7M | $4.8M | $5.8M | $7.1M | $7.0M |
| Cash & equivalents | $44.7M | $40.8M | $5.4M | $417,000 | $5.7M | $1.4M | $2.1M | $3.7M | $4.8M | $5.8M | $7.1M | $7.0M |
| Short-term investments | $0 | $3.8M | $13.1M | $11.3M | — | — | — | $0 | — | — | — | — |
| Receivables | $212,000 | $126,875 | $1.0M | $77,000 | $293,000 | $182,000 | $187,000 | $225,000 | $92,000 | $105,000 | $178,000 | $215,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $173 | −$317 |
| Other current assets | $145,000 | $210,793 | $182,000 | $273,000 | $123,000 | $206,000 | $198,000 | $303,000 | $125,000 | $227,541 | $233,827 | $348,317 |
| Total current assets | $45.0M | $45.0M | $19.7M | $12.1M | $6.1M | $1.8M | $2.5M | $4.2M | $5.0M | $6.1M | $7.5M | $7.6M |
| Property, plant & equipment (net) | $55.6M | $384,622 | $51.6M | $49.6M | $48.5M | $46.3M | $47.3M | $47.6M | $44.6M | $562,226 | $43.2M | $42.2M |
| Goodwill & intangible assets | $0 | $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 | $0 |
| Other non-current assets | $513,000 | $55.9M | $441,000 | $409,000 | $384,000 | $354,000 | $347,000 | $313,000 | $279,000 | $42.7M | $247,000 | $235,000 |
| Total assets | $101.1M | $101.3M | $71.8M | $62.1M | $54.9M | $48.5M | $50.2M | $52.1M | $49.9M | $49.4M | $50.9M | $50.0M |
| Liabilities | ||||||||||||
| Accounts payable | $770,000 | $411,000 | $266,000 | $284,000 | $362,000 | $598,000 | $836,000 | $905,000 | $142,000 | $294,000 | $543,000 | $1.3M |
| Short-term debt | — | — | $0 | $55,933 | $0 | $0 | $0 | — | — | — | — | — |
| Total current liabilities | $770,000 | $1.7M | $514,000 | $784,000 | $1.0M | $690,000 | $937,000 | $905,000 | $236,000 | $397,453 | $661,000 | $1.4M |
| Long-term debt | $0 | $0 | $182,000 | $202,000 | $219,000 | $220,000 | $238,000 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $151,000 | $173,000 | $182,000 | $202,000 | $219,000 | $220,000 | $238,000 | $263,000 | $276,000 | $292,000 | $302,000 | $317,000 |
| Other long-term liabilities | $2.1M | $3.1M | $2.5M | $1.7M | $1.4M | $1.2M | $1.6M | $1.4M | $1.9M | $1.2M | $1.3M | $1.3M |
| Total liabilities | $2.9M | $4.8M | $3.2M | $2.6M | $2.7M | $2.1M | $2.8M | $2.3M | $2.2M | $1.6M | $1.9M | $2.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $991.1M | $988.5M | $964.0M | $953.6M | $946.4M | $940.8M | $940.2M | $939.8M | $939.8M | $938.5M | $939.5M | $937.0M |
| Retained earnings (deficit) | −$788.4M | −$788.5M | −$787.0M | −$785.1M | −$783.9M | −$782.4M | −$781.9M | −$780.0M | −$779.1M | −$776.3M | −$776.4M | −$774.7M |
| Accumulated other comprehensive income | −$163.3M | −$161.7M | −$166.2M | −$167.5M | −$168.3M | −$170.0M | −$168.5M | −$167.7M | −$170.1M | −$170.9M | −$170.4M | −$170.3M |
| Minority interest | $24.7M | $24.3M | $24.1M | $23.9M | $23.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $73.6M | $72.2M | $44.4M | $35.6M | $28.6M | $22.9M | $24.1M | $26.7M | $24.9M | $25.4M | $26.9M | $25.7M |
| Key figures | ||||||||||||
| Total debt | $151,000 | $172,830 | $182,000 | $258,000 | $219,000 | $220,000 | $238,000 | $263,000 | $276,000 | $292,000 | $302,000 | $317,000 |
| Net cash (debt) | $44.5M | $44.5M | $18.3M | $11.4M | $5.4M | $1.2M | $1.9M | $3.4M | $4.5M | $5.5M | $6.8M | $6.7M |
| Working capital | $44.3M | $43.3M | $19.2M | $11.3M | $5.0M | $1.1M | $1.6M | $3.3M | $4.7M | $5.7M | $6.9M | $6.2M |
| Tangible book value | $73.6M | $72.2M | $44.4M | $35.6M | $28.6M | $22.9M | $24.1M | $26.7M | $24.9M | $25.4M | $26.9M | $25.7M |
| Book value per share | $0.56 | $0.58 | $0.38 | $0.32 | $0.27 | $0.22 | $0.23 | $0.26 | $0.24 | $0.25 | $0.26 | $0.26 |
| Shares outstanding | 132.0M | 123.7M | 115.4M | 112.6M | 104.8M | 102.9M | 102.6M | 102.5M | 102.5M | 102.5M | 102.0M | 100.3M |
| Current ratio | 58.49 | 26.75 | 38.32 | 15.38 | 5.82 | 2.62 | 2.66 | 4.67 | 21.11 | 15.44 | 11.37 | 5.52 |
| Quick ratio | 58.30 | 26.62 | 37.96 | 15.03 | 5.70 | 2.32 | 2.45 | 4.34 | 20.58 | 14.86 | 11.02 | 5.27 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 72.7% | 71.2% | 61.9% | 57.3% | 52.0% | 47.2% | 48.0% | 51.3% | 50.0% | 51.5% | 52.7% | 51.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 26, 2025); data from EODHD.
PLG financial position
At the end of fiscal 2025 (August 31, 2025), Platinum Group Metals had total assets of $62.1 million (up 19.2% from a year earlier), total liabilities of $2.6 million and shareholders' equity of $35.6 million. It held $11.7 million in cash and short-term investments against $0.3 million of debt, a net cash position of $11.4 million. Its current ratio was 15.38. In the latest quarter (ended May 31, 2026) total assets were $101.1 million and equity $73.6 million.
Related: PLG income statement, PLG cash flow statement, PLG key metrics. See the PLG stock overview for the latest quote and news.
PLG balance sheet FAQ
What are Platinum Group Metals's total assets?
Platinum Group Metals reported total assets of $62.1 million at the end of fiscal 2025 (August 31, 2025), compared with $52.1 million a year earlier.
How much debt does Platinum Group Metals have?
Platinum Group Metals had $0.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Platinum Group Metals have?
Platinum Group Metals held $11.7 million in cash and short-term investments at the end of fiscal 2025; with $0.3 million of debt that is net cash of $11.4 million.
What is Platinum Group Metals's book value?
Platinum Group Metals's shareholders' equity (book value) was $35.6 million at the end of fiscal 2025, or $0.34 per share.
What is Platinum Group Metals's current ratio?
Platinum Group Metals had current assets of $12.1 million and current liabilities of $0.8 million, a current ratio of 15.38 (it can cover its short-term obligations).