Taseko Mines Limited (TGB) Balance Sheet
TGB balance sheet, 2025
December 31, 2025 · Canadian dollarsC$2.47B assets = C$1.69B liabilities + C$778.7M equity
Both columns are drawn to the same scale: what TGB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TGB financial health
Current ratio1.50
Adequate · current assets cover current liabilities 1.50×
Debt / equity0.95
Moderate leverage · C$0.95 of debt for each $1 of equity
Equity / assets31.5%
Balanced · of assets funded by shareholders
Cash / debt25.8%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.2%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
TGB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$949.4M2016 | C$2.47B2025 | +11.2%/yr | |
| Total liabilities | C$610.5M2016 | C$1.69B2025 | +12.0%/yr | |
| Shareholders’ equity | C$338.9M2016 | C$778.7M2025 | +9.7%/yr | |
| Cash & short-term investments | C$90.4M2016 | C$190.4M2025 | +8.6%/yr | |
| Total debt | C$389.3M2016 | C$739.3M2025 | +7.4%/yr | |
| Net cash (debt) | −C$298.8M2016 | −C$548.9M2025 | −C$250.1M | |
| Working capital | C$110.5M2016 | C$114.9M2025 | +C$4.3M | |
| Current ratio | 3.022016 | 1.502025 | −1.52 | |
| Debt / equity | 1.152016 | 0.952025 | −0.20 | |
| Shares outstanding | 221.8M2016 | 350.7M2025 | +5.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TGB assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TGB liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TGB debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TGB balance sheet in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | C$190.4M | C$173.6M | C$97.8M | C$123.4M | C$239.9M | C$68.2M | C$53.9M | C$49.2M | C$82.7M | C$90.4M |
| Cash & equivalents | C$188.0M | C$172.7M | C$96.5M | C$120.9M | C$236.8M | C$66.8M | C$53.2M | C$45.7M | C$80.2M | C$89.0M |
| Short-term investments | C$2.4M | C$895,000 | C$1.3M | C$2.6M | C$3.1M | C$1.4M | C$730,000 | C$3.6M | C$2.4M | C$1.4M |
| Receivables | C$13.0M | C$5.6M | C$16.5M | C$13.2M | C$9.6M | C$5.3M | C$13.8M | C$14.7M | C$19.3M | C$12.9M |
| Inventory | C$133.6M | C$138.9M | C$122.9M | C$92.8M | C$79.9M | C$46.2M | C$43.6M | C$39.0M | C$39.6M | C$60.5M |
| Other current assets | C$7.9M | C$35.1M | C$12.2M | C$11.4M | C$7.9M | C$3.7M | C$2.5M | C$1.5M | C$4.1M | C$1.4M |
| Total current assets | C$344.9M | C$353.2M | C$249.5M | C$240.9M | C$337.2M | C$123.4M | C$113.9M | C$104.4M | C$145.7M | C$165.3M |
| Property, plant & equipment (net) | C$2.05B | C$1.77B | C$1.29B | C$1.03B | C$837.8M | C$582.9M | C$758.0M | C$821.3M | C$797.3M | C$730.2M |
| Goodwill & intangible assets | C$5.7M | C$5.9M | C$5.5M | C$5.6M | C$5.2M | C$4.1M | C$5.4M | C$5.6M | C$5.2M | C$5.5M |
| Long-term investments | C$500,000 | C$500,000 | C$1.2M | C$1.2M | C$1.6M | C$4.0M | C$5.5M | C$33.9M | C$33.0M | C$40.9M |
| Other non-current assets | C$76.0M | C$65.3M | C$24.2M | C$1.8M | C$1.3M | C$133,557 | C$1.3M | C$7.5M | C$7.5M | C$7.5M |
| Total assets | C$2.47B | C$2.20B | C$1.57B | C$1.28B | C$1.18B | C$714.6M | C$884.0M | C$972.7M | C$988.7M | C$949.4M |
| Liabilities | ||||||||||
| Accounts payable | C$35.7M | C$45.4M | C$28.6M | C$31.7M | C$30.1M | C$25.7M | C$24.2M | C$21.9M | C$23.9M | C$28.2M |
| Short-term debt | C$28.0M | C$26.2M | C$22.1M | C$18.4M | C$18.3M | C$13.8M | C$16.5M | C$9.9M | C$11.3M | C$16.2M |
| Deferred revenue | C$15.3M | C$13.7M | C$10.3M | C$12.1M | C$13.4M | C$4.4M | C$4.6M | C$3.9M | C$1.3M | C$1.2M |
| Total current liabilities | C$230.0M | C$206.8M | C$141.2M | C$112.6M | C$103.5M | C$61.6M | C$67.3M | C$57.4M | C$61.4M | C$54.8M |
| Long-term debt | C$711.3M | C$777.8M | C$617.0M | C$569.1M | C$514.8M | C$345.8M | C$357.0M | C$345.6M | C$317.9M | C$373.1M |
| Lease obligations | C$17.8M | C$13.3M | C$18.0M | C$12.9M | C$23.1M | C$29.4M | C$30.4M | C$14.1M | C$23.8M | C$20.0M |
| Other long-term liabilities | C$752.5M | C$707.1M | C$374.0M | C$240.6M | C$206.4M | C$58.1M | C$158.0M | C$222.6M | C$242.3M | C$182.6M |
| Total liabilities | C$1.69B | C$1.69B | C$1.13B | C$922.3M | C$824.7M | C$465.5M | C$582.3M | C$625.6M | C$621.6M | C$610.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | C$800.5M | C$529.4M | C$486.1M | C$479.9M | C$476.6M | C$371.2M | C$436.3M | C$423.4M | C$422.1M | C$418.0M |
| Retained earnings (deficit) | −C$107.7M | −C$136.8M | −C$123.4M | −C$206.1M | −C$180.1M | −C$170.0M | −C$193.1M | −C$139.7M | −C$102.9M | −C$137.1M |
| Treasury stock | — | — | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Accumulated other comprehensive income | C$23.2M | C$52.8M | C$16.6M | C$26.8M | C$6.6M | C$6.0M | C$6.8M | C$14.1M | C$389,000 | C$12.4M |
| Minority interest | C$1,000 | C$0 | — | — | — | — | C$0 | C$0 | C$0 | C$0 |
| Total shareholders' equity | C$778.7M | C$503.2M | C$434.1M | C$356.4M | C$358.5M | C$249.1M | C$301.7M | C$347.1M | C$367.1M | C$338.9M |
| Key figures | ||||||||||
| Total debt | C$739.3M | C$790.6M | C$632.4M | C$586.6M | C$533.1M | C$285.2M | C$373.5M | C$355.5M | C$329.2M | C$389.3M |
| Net cash (debt) | −C$548.9M | −C$616.9M | −C$534.6M | −C$463.1M | −C$293.2M | −C$217.0M | −C$319.6M | −C$306.2M | −C$246.5M | −C$298.8M |
| Working capital | C$114.9M | C$146.4M | C$108.3M | C$128.2M | C$233.8M | C$61.8M | C$46.6M | C$47.0M | C$84.3M | C$110.5M |
| Tangible book value | C$773.0M | C$497.3M | C$428.7M | C$350.8M | C$353.3M | C$245.0M | C$296.3M | C$341.5M | C$361.9M | C$333.4M |
| Shares outstanding | 350.7M | 295.3M | 291.0M | 286.2M | 287.5M | 250.5M | 243.9M | 227.9M | 232.0M | 221.8M |
| Current ratio | 1.50 | 1.71 | 1.77 | 2.14 | 3.26 | 2.00 | 1.69 | 1.82 | 2.37 | 3.02 |
| Quick ratio | 0.88 | 0.87 | 0.81 | 1.21 | 2.41 | 1.19 | 1.01 | 1.11 | 1.66 | 1.89 |
| Debt / equity | 0.95 | 1.57 | 1.46 | 1.65 | 1.49 | 1.15 | 1.24 | 1.02 | 0.90 | 1.15 |
| Equity / assets | 31.5% | 22.9% | 27.7% | 27.9% | 30.3% | 34.9% | 34.1% | 35.7% | 37.1% | 35.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | C$131.8M | C$171.0M | C$190.4M | C$92.6M | C$123.6M | C$121.9M | C$173.6M | C$209.7M | C$199.7M | C$159.1M | C$97.8M |
| Cash & equivalents | C$130.7M | C$169.1M | C$188.0M | C$90.8M | C$122.0M | C$120.8M | C$172.7M | C$208.8M | C$198.6M | C$157.7M | C$96.5M |
| Short-term investments | C$1.1M | C$1.9M | C$2.4M | C$1.8M | C$1.6M | C$1.1M | C$895,000 | C$987,000 | C$1.0M | C$1.4M | C$1.3M |
| Receivables | C$19.2M | C$20.4M | C$13.0M | C$9.7M | C$6.3M | C$7.0M | C$5.6M | C$9.6M | C$4.6M | C$13.3M | C$16.5M |
| Inventory | C$99.6M | C$157.1M | C$133.6M | C$117.0M | C$95.7M | C$110.3M | C$138.9M | C$142.4M | C$135.7M | C$140.6M | C$122.9M |
| Other current assets | C$4.8M | C$7.4M | C$7.9M | C$6.1M | C$9.8M | C$9.3M | C$35.1M | C$7.1M | C$40.1M | C$9.5M | C$12.2M |
| Total current assets | C$255.5M | C$355.8M | C$344.9M | C$225.3M | C$235.3M | C$248.5M | C$353.2M | C$368.9M | C$380.1M | C$322.5M | C$249.5M |
| Property, plant & equipment (net) | C$1.56B | C$2.13B | C$2.05B | C$2.02B | C$1.95B | C$1.90B | C$1.77B | C$1.63B | C$1.55B | C$1.48B | C$1.29B |
| Goodwill & intangible assets | C$4.1M | C$5.8M | C$5.7M | C$5.7M | C$5.6M | C$5.9M | C$5.9M | C$5.6M | C$5.6M | C$5.6M | C$5.5M |
| Long-term investments | C$500,000 | C$500,000 | C$500,000 | C$500,000 | C$500,000 | C$500,000 | C$500,000 | C$1.2M | C$1.2M | C$1.2M | C$1.2M |
| Other non-current assets | C$58.8M | C$84.7M | C$76.0M | C$71.9M | C$67.1M | C$64.8M | C$65.3M | C$40.0M | C$35.6M | C$31.7M | C$42.0M |
| Total assets | C$1.88B | C$2.58B | C$2.47B | C$2.33B | C$2.26B | C$2.22B | C$2.20B | C$2.05B | C$1.98B | C$1.84B | C$1.58B |
| Liabilities | |||||||||||
| Accounts payable | C$98.4M | C$110.0M | C$35.7M | C$113.8M | C$128.8M | C$134.2M | C$45.4M | C$136.1M | C$110.3M | C$96.6M | C$28.6M |
| Short-term debt | C$18.0M | C$44.4M | C$28.0M | C$29.9M | C$29.9M | C$28.3M | C$26.2M | C$22.8M | C$22.5M | C$24.6M | C$22.1M |
| Deferred revenue | C$16.7M | C$19.8M | C$15.3M | C$14.8M | C$18.8M | C$16.8M | C$13.7M | C$4.0M | C$10.4M | C$9.1M | C$10.3M |
| Total current liabilities | C$206.2M | C$260.4M | C$230.0M | C$232.2M | C$230.7M | C$230.9M | C$206.8M | C$215.7M | C$182.1M | C$163.4M | C$141.2M |
| Long-term debt | C$721.0M | C$710.6M | C$711.3M | C$833.9M | C$794.1M | C$758.3M | C$777.8M | C$727.0M | C$719.4M | C$616.5M | C$603.3M |
| Lease obligations | C$21.7M | C$17.0M | C$17.8M | C$20.2M | C$19.0M | C$14.9M | C$13.3M | C$16.0M | C$14.8M | C$17.8M | C$18.0M |
| Other long-term liabilities | C$351.1M | C$787.6M | C$752.5M | C$714.2M | C$678.0M | C$723.7M | C$707.1M | C$623.2M | C$614.5M | C$590.9M | C$405.5M |
| Total liabilities | C$1.28B | C$1.76B | C$1.69B | C$1.78B | C$1.70B | C$1.71B | C$1.69B | C$1.57B | C$1.52B | C$1.37B | C$1.15B |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | C$573.2M | C$815.8M | C$800.5M | C$565.4M | C$562.4M | C$560.5M | C$529.4M | C$514.1M | C$491.0M | C$487.2M | C$486.1M |
| Retained earnings (deficit) | −C$48.3M | −C$91.1M | −C$107.7M | −C$112.2M | −C$84.0M | −C$165.4M | −C$136.8M | −C$115.6M | −C$115.4M | −C$104.5M | −C$123.4M |
| Accumulated other comprehensive income | C$35.6M | C$36.9M | C$23.2M | C$33.7M | C$21.4M | C$53.7M | C$52.8M | C$26.2M | C$30.3M | C$26.7M | C$16.6M |
| Minority interest | C$1,000 | C$1,000 | C$1,000 | C$1,000 | C$1,000 | — | — | — | — | — | — |
| Total shareholders' equity | C$602.5M | C$820.1M | C$778.7M | C$547.5M | C$559.9M | C$508.1M | C$503.2M | C$481.5M | C$461.5M | C$465.1M | C$434.1M |
| Key figures | |||||||||||
| Total debt | C$532.6M | C$877.6M | C$739.3M | C$863.8M | C$824.0M | C$786.7M | C$790.6M | C$736.3M | C$747.8M | C$647.6M | C$632.4M |
| Net cash (debt) | −C$400.8M | −C$706.6M | −C$548.9M | −C$771.2M | −C$700.5M | −C$664.7M | −C$616.9M | −C$526.5M | −C$548.1M | −C$488.5M | −C$534.6M |
| Working capital | C$49.3M | C$95.4M | C$114.9M | −C$6.9M | C$4.6M | C$17.7M | C$146.4M | C$153.2M | C$198.0M | C$159.1M | C$108.3M |
| Tangible book value | C$598.4M | C$814.3M | C$773.0M | C$541.8M | C$554.3M | C$502.2M | C$497.3M | C$475.9M | C$455.8M | C$459.6M | C$428.7M |
| Shares outstanding | 373.8M | 368.5M | 350.7M | 316.8M | 318.9M | 295.3M | 295.3M | 295.1M | 291.8M | 292.0M | 290.7M |
| Current ratio | 1.24 | 1.37 | 1.50 | 0.97 | 1.02 | 1.08 | 1.71 | 1.71 | 2.09 | 1.97 | 1.77 |
| Quick ratio | 0.73 | 0.73 | 0.88 | 0.44 | 0.56 | 0.56 | 0.87 | 1.02 | 1.12 | 1.05 | 0.81 |
| Debt / equity | 0.88 | 1.07 | 0.95 | 1.58 | 1.47 | 1.55 | 1.57 | 1.53 | 1.62 | 1.39 | 1.46 |
| Equity / assets | 32.0% | 31.8% | 31.5% | 23.5% | 24.7% | 22.9% | 22.9% | 23.5% | 23.3% | 25.3% | 27.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
TGB financial position
At the end of fiscal 2025 (December 31, 2025), Taseko Mines had total assets of C$2.5 billion (up 12.6% from a year earlier), total liabilities of C$1.7 billion and shareholders' equity of C$778.7 million. It held C$190.4 million in cash and short-term investments against C$739.3 million of debt, net debt of C$548.9 million. Its current ratio was 1.50. In the latest quarter (ended June 30, 2026) total assets were C$1.9 billion and equity C$602.5 million.
Related: TGB income statement, TGB cash flow statement, TGB key metrics. See the TGB stock overview for the latest quote and news.
TGB balance sheet FAQ
What are Taseko Mines's total assets?
Taseko Mines reported total assets of C$2.5 billion at the end of fiscal 2025 (December 31, 2025), compared with C$2.2 billion a year earlier.
How much debt does Taseko Mines have?
Taseko Mines had C$739.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.95.
How much cash does Taseko Mines have?
Taseko Mines held C$190.4 million in cash and short-term investments at the end of fiscal 2025; with C$739.3 million of debt that is net debt of C$548.9 million.
What is Taseko Mines's book value?
Taseko Mines's shareholders' equity (book value) was C$778.7 million at the end of fiscal 2025.
What is Taseko Mines's current ratio?
Taseko Mines had current assets of C$344.9 million and current liabilities of C$230.0 million, a current ratio of 1.50 (it can cover its short-term obligations).
How much goodwill does Taseko Mines have?
Taseko Mines carried C$5.7 million of goodwill and intangible assets, 0.2% of total assets, at the end of fiscal 2025.