Silvercorp Metals Inc. (SVM) Balance Sheet
SVM balance sheet, FY2026
March 31, 2026 · U.S. dollars$1.46B assets = $358.6M liabilities + $1.11B equity
Both columns are drawn to the same scale: what SVM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SVM financial health
Descriptive bands, not a rating. Fiscal FY2026.
SVM balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $398.0MFY2017 | $1.46BFY2026 | +15.6%/yr | |
| Total liabilities | $80.0MFY2017 | $358.6MFY2026 | +18.1%/yr | |
| Shareholders’ equity | $263.1MFY2017 | $941.0MFY2026 | +15.2%/yr | |
| Cash & short-term investments | $96.5MFY2017 | $422.3MFY2026 | +17.8%/yr | |
| Total debt | $0FY2017 | $118.4MFY2026 | — | |
| Net cash (debt) | $96.5MFY2017 | $303.9MFY2026 | +$207.5M | |
| Working capital | $70.7MFY2017 | $319.5MFY2026 | +$248.8M | |
| Book value per share | $1.54FY2017 | $4.29FY2026 | +12.1%/yr | |
| Current ratio | 2.76FY2017 | 3.58FY2026 | +0.82 | |
| Debt / equity | 0.00FY2017 | 0.13FY2026 | +0.13 | |
| Shares outstanding | 171.4MFY2017 | 219.4MFY2026 | +2.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SVM assets
SVM liabilities and equity
SVM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SVM balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $422.3M | $369.1M | $184.9M | $203.3M | $212.9M | $199.1M | $142.5M | $115.3M | $106.1M | $96.5M |
| Cash & equivalents | $422.0M | $364.0M | $152.9M | $145.7M | $113.3M | $118.7M | $65.8M | $67.4M | $49.2M | $73.0M |
| Short-term investments | $346,000 | $5.1M | $31.9M | $57.6M | $99.6M | $80.4M | $76.7M | $47.8M | $56.9M | $23.5M |
| Receivables | $3.1M | $2.3M | $2.9M | $2.5M | $4.8M | $7.5M | $4.0M | $4.8M | $1.2M | $1.4M |
| Inventory | $9.5M | $8.0M | $7.4M | $8.3M | $9.1M | $9.8M | $8.4M | $10.8M | $11.0M | $8.7M |
| Other current assets | $8.5M | $7.6M | $6.7M | $4.9M | $5.5M | $4.8M | $3.3M | $4.0M | $4.5M | $4.2M |
| Total current assets | $443.4M | $386.9M | $201.9M | $219.0M | $232.3M | $221.2M | $158.2M | $134.9M | $122.8M | $110.8M |
| Property, plant & equipment (net) | $813.4M | $610.4M | $347.5M | $328.1M | $346.2M | $294.6M | $238.8M | $257.4M | $248.1M | $219.6M |
| Goodwill & intangible assets | $74.9M | $70.4M | $51.3M | $55.3M | $59.7M | $58.6M | $52.5M | $50.1M | $55.1M | $51.8M |
| Long-term investments | $108.9M | $63.3M | $95.7M | $66.2M | $74.6M | $69.2M | $53.3M | $48.0M | $44.1M | $9.7M |
| Other non-current assets | $23.7M | $8.0M | $6.5M | $8.0M | $10.8M | $9.1M | $10.0M | $8.7M | $6.7M | $6.0M |
| Total assets | $1.46B | $1.14B | $702.8M | $676.8M | $723.5M | $652.6M | $512.8M | $499.1M | $476.9M | $398.0M |
| Liabilities | ||||||||||
| Accounts payable | $85.2M | $63.9M | $41.8M | $36.7M | $39.7M | $30.3M | $23.1M | $29.9M | $25.2M | $30.4M |
| Short-term debt | $2.4M | $2.7M | $213,000 | $269,000 | $649,000 | $657,000 | $567,000 | $4.5M | $0 | $0 |
| Deferred revenue | — | — | $920,052 | $144,000 | $277,000 | $1.4M | $937,000 | $502,000 | — | — |
| Total current liabilities | $124.0M | $76.6M | $47.2M | $41.2M | $46.0M | $37.2M | $27.8M | $37.9M | $32.3M | $40.2M |
| Long-term debt | $115.2M | $109.2M | $1.1M | $314,000 | $614,000 | $1.1M | $1.5M | $0 | $0 | $0 |
| Lease obligations | $1.2M | $1.3M | $1.3M | $583,000 | $1.3M | $1.7M | $2.1M | — | — | — |
| Other long-term liabilities | $119.4M | $119.7M | $57.5M | $55.4M | $56.8M | $48.7M | $44.5M | $48.0M | $46.4M | $39.9M |
| Total liabilities | $358.6M | $305.6M | $105.8M | $97.0M | $103.4M | $86.9M | $73.8M | $85.9M | $78.7M | $80.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $428.7M | $412.0M | $258.4M | $255.7M | $255.4M | $250.2M | $243.9M | $231.3M | $228.7M | $232.2M |
| Retained earnings (deficit) | $280.0M | $305.9M | $261.8M | $229.9M | $213.7M | $187.9M | $145.9M | $116.7M | $86.3M | $42.7M |
| Accumulated other comprehensive income | $232.4M | −$15.1M | −$12.9M | $3.5M | $43.2M | $29.5M | −$21.1M | −$557,000 | $14.2M | −$11.7M |
| Minority interest | $164.7M | $130.7M | $89.8M | $90.8M | — | — | — | — | — | — |
| Total shareholders' equity | $941.0M | $702.7M | $507.3M | $489.1M | $512.4M | $467.6M | $368.7M | $347.4M | $329.2M | $263.1M |
| Key figures | ||||||||||
| Total debt | $118.4M | $112.0M | $1.3M | $583,000 | $1.3M | $1.7M | $2.1M | $4.5M | $0 | $0 |
| Net cash (debt) | $303.9M | $257.1M | $183.6M | $202.7M | $211.7M | $197.4M | $140.4M | $110.8M | $106.1M | $96.5M |
| Working capital | $319.5M | $310.4M | $154.7M | $177.8M | $186.3M | $184.0M | $130.4M | $97.0M | $90.5M | $70.7M |
| Tangible book value | $866.1M | $632.4M | $456.0M | $433.7M | $452.7M | $409.0M | $316.2M | $297.3M | $274.1M | $211.3M |
| Book value per share | $4.29 | $3.41 | $2.83 | $2.73 | $2.87 | $2.64 | $2.12 | $2.04 | $1.92 | $1.54 |
| Shares outstanding | 219.4M | 206.3M | 179.1M | 179.0M | 178.3M | 177.1M | 174.1M | 170.4M | 171.4M | 171.4M |
| Current ratio | 3.58 | 5.05 | 4.28 | 5.31 | 5.05 | 5.95 | 5.68 | 3.56 | 3.80 | 2.76 |
| Quick ratio | 3.43 | 4.85 | 3.98 | 4.99 | 4.73 | 5.56 | 5.26 | 3.17 | 3.32 | 2.44 |
| Debt / equity | 0.13 | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Equity / assets | 64.3% | 61.7% | 72.2% | 72.3% | 70.8% | 71.6% | 71.9% | 69.6% | 69.0% | 66.1% |
| 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 | $386.6M | $422.3M | $462.0M | $381.9M | $377.1M | $369.1M | $354.6M | $209.5M | $215.7M | $184.9M | $198.3M | $189.1M |
| Cash & equivalents | $127.8M | $422.0M | $232.7M | $73.2M | $376.1M | $364.0M | $344.7M | $180.3M | $144.4M | $152.9M | $143.3M | $119.1M |
| Short-term investments | $258.9M | $346,000 | $229.3M | $308.7M | $1.0M | $5.1M | $10.0M | $29.2M | $71.3M | $31.9M | $55.0M | $70.0M |
| Receivables | $6.7M | $3.1M | $4.4M | $1.7M | $1.7M | $2.3M | $2.2M | $2.5M | $1.6M | $2.9M | $595,000 | $1.9M |
| Inventory | $6.0M | $9.5M | $12.3M | $7.9M | $9.7M | $8.0M | $21.8M | $19.6M | $12.1M | $7.4M | $11.9M | $7.9M |
| Other current assets | $10.4M | $8.5M | $4.5M | $6.9M | $6.1M | $7.6M | $4.7M | $10.2M | $8.4M | $6.7M | $7.1M | $5.3M |
| Total current assets | $409.7M | $443.4M | $483.1M | $398.4M | $394.6M | $386.9M | $383.4M | $241.8M | $237.9M | $201.9M | $217.9M | $204.3M |
| Property, plant & equipment (net) | $970.4M | $813.4M | $762.6M | $722.8M | $630.2M | $610.4M | $596.6M | $617.3M | $357.9M | $347.5M | $345.4M | $324.7M |
| Goodwill & intangible assets | $75.1M | $74.9M | $72.2M | $71.0M | $70.8M | $70.4M | $70.6M | $51.5M | $49.9M | $51.3M | $52.1M | $51.2M |
| Long-term investments | $122.5M | $108.9M | $104.2M | $94.1M | $72.2M | $63.3M | $59.3M | $61.2M | $81.9M | $95.7M | $97.7M | $91.7M |
| Other non-current assets | $0 | $23.7M | $0 | $0 | $10.5M | $8.0M | $8.3M | $9.8M | $8.6M | $6.5M | $5.9M | $8.5M |
| Total assets | $1.54B | $1.46B | $1.37B | $1.23B | $1.18B | $1.14B | $1.12B | $981.5M | $736.2M | $702.8M | $719.1M | $680.4M |
| Liabilities | ||||||||||||
| Accounts payable | $92.0M | $85.2M | $95.5M | $69.1M | $68.2M | $63.9M | $74.6M | $73.4M | $52.5M | $41.8M | $52.5M | $44.9M |
| Short-term debt | $574,310 | $2.4M | $113.7M | $3.1M | $593,000 | $2.7M | $979,000 | $231,000 | $213,000 | $213,000 | $281,000 | $273,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | $2.0M | $920,052 | $1.2M | $927,000 |
| Total current liabilities | $116.8M | $124.0M | $388.7M | $86.8M | $85.6M | $76.6M | $83.2M | $79.5M | $59.0M | $47.2M | $58.3M | $49.9M |
| Long-term debt | $117.1M | $115.2M | $958,000 | $112.3M | $111.0M | $109.2M | $107.7M | $1.0M | $0 | $0 | $0 | $183,000 |
| Lease obligations | $1.1M | $1.2M | $1.3M | $1.3M | $1.4M | $1.3M | $1.4M | $1.2M | $1.3M | $1.3M | $398,000 | $456,000 |
| Other long-term liabilities | $122.3M | $119.4M | $115.4M | $177.9M | $124.3M | $119.7M | $93.3M | $75.4M | $61.2M | $58.7M | $57.0M | $54.3M |
| Total liabilities | $356.2M | $358.6M | $505.1M | $377.1M | $320.9M | $305.6M | $284.1M | $156.0M | $120.1M | $105.8M | $115.4M | $104.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $429.3M | $428.7M | $427.4M | $415.1M | $413.9M | $412.0M | $410.6M | $408.1M | $260.1M | $258.4M | $257.2M | $256.1M |
| Retained earnings (deficit) | $313.9M | $280.0M | $280.2M | $309.2M | $321.0M | $305.9M | $314.8M | $293.6M | $281.5M | $261.8M | $256.2M | $247.9M |
| Accumulated other comprehensive income | $242.4M | $232.4M | $1.7M | −$6.2M | −$8.9M | −$15.1M | −$16.1M | $2.2M | −$17.3M | −$12.9M | −$2.2M | −$14.9M |
| Minority interest | $196.4M | $164.7M | $156.7M | $131.6M | $131.2M | — | — | — | — | — | — | — |
| Total shareholders' equity | $985.6M | $941.0M | $709.3M | $718.1M | $726.0M | $702.7M | $709.3M | $703.9M | $524.3M | $507.3M | $511.2M | $489.2M |
| Key figures | ||||||||||||
| Total debt | $118.3M | $118.4M | $115.6M | $114.8M | $111.6M | $112.0M | $108.7M | $1.2M | $1.3M | $1.3M | $398,000 | $456,000 |
| Net cash (debt) | $268.3M | $303.9M | $346.3M | $267.0M | $265.6M | $257.1M | $246.0M | $208.3M | $214.5M | $183.6M | $197.9M | $188.6M |
| Working capital | $292.9M | $319.5M | $94.4M | $311.6M | $309.0M | $310.4M | $300.2M | $162.3M | $178.9M | $154.7M | $159.6M | $154.3M |
| Tangible book value | $910.5M | $866.1M | $637.1M | $647.1M | $655.2M | $632.4M | $638.7M | $652.4M | $474.4M | $456.0M | $459.1M | $438.0M |
| Book value per share | $3.84 | $4.26 | $3.22 | $3.29 | $3.33 | $3.24 | $3.22 | $3.41 | $2.90 | $2.86 | $2.85 | $2.72 |
| Shares outstanding | 256.6M | 220.9M | 220.3M | 218.6M | 218.0M | 217.2M | 220.2M | 206.5M | 180.5M | 177.3M | 179.4M | 179.8M |
| Current ratio | 3.51 | 3.58 | 1.24 | 4.59 | 4.61 | 5.05 | 4.61 | 3.04 | 4.03 | 4.28 | 3.73 | 4.09 |
| Quick ratio | 3.37 | 3.43 | 1.20 | 4.42 | 4.42 | 4.85 | 4.29 | 2.67 | 3.69 | 3.98 | 3.41 | 3.83 |
| Debt / equity | 0.12 | 0.13 | 0.16 | 0.16 | 0.15 | 0.16 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 64.1% | 64.3% | 51.7% | 58.5% | 61.6% | 61.7% | 63.4% | 71.7% | 71.2% | 72.2% | 71.1% | 71.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 30, 2026); data from EODHD.
SVM financial position
At the end of fiscal 2026 (March 31, 2026), Silvercorp Metals had total assets of $1.5 billion (up 28.6% from a year earlier), total liabilities of $358.6 million and shareholders' equity of $941.0 million. It held $422.3 million in cash and short-term investments against $118.4 million of debt, a net cash position of $303.9 million. Its current ratio was 3.58. In the latest quarter (ended June 30, 2026) total assets were $1.5 billion and equity $985.6 million.
Related: SVM income statement, SVM cash flow statement, SVM key metrics. See the SVM stock overview for the latest quote and news.
SVM balance sheet FAQ
What are Silvercorp Metals's total assets?
Silvercorp Metals reported total assets of $1.5 billion at the end of fiscal 2026 (March 31, 2026), compared with $1.1 billion a year earlier.
How much debt does Silvercorp Metals have?
Silvercorp Metals had $118.4 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.13.
How much cash does Silvercorp Metals have?
Silvercorp Metals held $422.3 million in cash and short-term investments at the end of fiscal 2026; with $118.4 million of debt that is net cash of $303.9 million.
What is Silvercorp Metals's book value?
Silvercorp Metals's shareholders' equity (book value) was $941.0 million at the end of fiscal 2026, or $4.29 per share.
What is Silvercorp Metals's current ratio?
Silvercorp Metals had current assets of $443.4 million and current liabilities of $124.0 million, a current ratio of 3.58 (it can cover its short-term obligations).
How much goodwill does Silvercorp Metals have?
Silvercorp Metals carried $74.9 million of goodwill and intangible assets, 5.1% of total assets, at the end of fiscal 2026.