International Tower Hill Mines Ltd. (THM) Balance Sheet
THM balance sheet, 2025
December 31, 2025 · U.S. dollars$56.9M assets = $497,952 liabilities + $56.4M equity
Both columns are drawn to the same scale: what THM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
THM financial health
Descriptive bands, not a rating. Fiscal 2025.
THM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $77.9M2016 | $56.9M2025 | −3.4%/yr | |
| Total liabilities | $15.1M2016 | $497,9522025 | −31.5%/yr | |
| Shareholders’ equity | $62.8M2016 | $56.4M2025 | −1.2%/yr | |
| Cash & short-term investments | $22.5M2016 | $1.4M2025 | −26.8%/yr | |
| Total debt | $14.7M2016 | $02025 | −100.0% | |
| Net cash (debt) | $7.8M2016 | $1.4M2025 | −$6.4M | |
| Working capital | $7.6M2016 | $1.4M2025 | −$6.2M | |
| Book value per share | $0.542016 | $0.272025 | −7.3%/yr | |
| Debt / equity | 0.232016 | 0.002025 | −0.23 | |
| Shares outstanding | 116.7M2016 | 207.9M2025 | +6.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
THM assets
THM liabilities and equity
THM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
THM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.4M | $992,487 | $1.7M | $4.8M | $7.8M | $13.0M | $6.9M | $10.2M | $2.2M | $22.5M |
| Cash & equivalents | $1.4M | $992,487 | $1.7M | $4.8M | $7.8M | $13.0M | $6.9M | $10.2M | $2.2M | $22.5M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $159,801 | $144,693 | $304,726 | $152,571 | $141,680 | $162,079 | $238,554 | $203,968 | $177,730 | $206,221 |
| Total current assets | $1.5M | $1.1M | $2.0M | $5.0M | $7.9M | $13.2M | $7.2M | $10.4M | $2.4M | $22.7M |
| Property, plant & equipment (net) | $7,465 | $55.4M | $55.4M | $55.4M | $55.4M | $55.4M | $55.4M | $55.3M | $55.2M | $55.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $55.4M | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $56.9M | $56.5M | $57.4M | $60.4M | $63.3M | $68.6M | $62.6M | $65.7M | $57.6M | $77.9M |
| Liabilities | ||||||||||
| Accounts payable | $145,918 | $38,374 | $92,855 | $53,539 | $259,648 | $199,026 | $18,433 | $43,475 | $82,269 | $179,496 |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.7M |
| Total current liabilities | $145,918 | $177,477 | $234,951 | $288,385 | $579,881 | $492,991 | $335,757 | $547,953 | $428,838 | $15.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $352,034 | $0 | $142,096 | $234,846 | $320,233 | $293,965 | $317,324 | $43,475 | $82,269 | $179,496 |
| Total liabilities | $497,952 | $177,477 | $234,951 | $288,385 | $579,881 | $492,991 | $335,757 | $547,953 | $428,838 | $15.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $294.4M | $291.2M | $288.9M | $288.5M | $288.0M | $288.0M | $278.2M | $277.9M | $265.6M | $265.6M |
| Retained earnings (deficit) | −$277.3M | −$273.2M | −$269.6M | −$266.2M | −$263.1M | −$257.1M | −$252.6M | −$248.8M | −$244.6M | −$238.2M |
| Accumulated other comprehensive income | $1.6M | $1.4M | $1.5M | $1.5M | $1.8M | $1.8M | $1.6M | $1.2M | $1.7M | $1.3M |
| Total shareholders' equity | $56.4M | $56.3M | $57.1M | $60.1M | $62.7M | $68.1M | $62.2M | $65.2M | $57.2M | $62.8M |
| Key figures | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.7M |
| Net cash (debt) | $1.4M | $992,487 | $1.7M | $4.8M | $7.8M | $13.0M | $6.9M | $10.2M | $2.2M | $7.8M |
| Working capital | $1.4M | $959,703 | $1.8M | $4.7M | $7.3M | $12.7M | $6.8M | $9.9M | $2.0M | $7.6M |
| Tangible book value | $56.4M | $56.3M | $57.1M | $60.1M | $62.7M | $68.1M | $62.2M | $65.2M | $57.2M | $62.8M |
| Book value per share | $0.27 | $0.28 | $0.29 | $0.31 | $0.32 | $0.36 | $0.33 | $0.36 | $0.35 | $0.54 |
| Shares outstanding | 207.9M | 199.7M | 195.6M | 195.2M | 194.9M | 189.9M | 187.4M | 182.0M | 162.3M | 116.7M |
| Current ratio | 10.37 | 6.41 | 8.48 | 17.34 | 13.66 | 26.80 | 21.37 | 19.04 | 5.65 | 1.50 |
| Quick ratio | 9.27 | 5.59 | 7.18 | 16.81 | 13.42 | 26.47 | 20.66 | 18.67 | 5.23 | 1.49 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.23 |
| Equity / assets | 99.1% | 99.7% | 99.6% | 99.5% | 99.1% | 99.3% | 99.5% | 99.2% | 99.3% | 80.6% |
| 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 | $110.4M | $114.7M | $1.4M | $2.3M | $2.8M | $4.3M | $992,487 | $1.7M | $2.3M | $3.6M | $1.7M | $2.4M |
| Cash & equivalents | $60.4M | $64.7M | $1.4M | $2.3M | $2.8M | $4.3M | $992,487 | $1.7M | $2.3M | $2.6M | $1.7M | $2.4M |
| Short-term investments | $50.0M | $50.0M | — | — | — | — | — | — | — | $998,969 | — | — |
| Receivables | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $680,975 | $748,294 | $159,801 | $199,043 | $249,723 | $163,876 | $144,693 | $187,716 | $276,328 | $209,437 | $304,726 | $200,250 |
| Total current assets | $112.6M | $115.4M | $1.5M | $2.5M | $3.1M | $4.4M | $1.1M | $1.9M | $2.5M | $3.8M | $2.0M | $2.6M |
| Property, plant & equipment (net) | $7,465 | $7,465 | $7,465 | $7,465 | $55.4M | $55.4M | $55.4M | $55.4M | $7,463 | $7,457 | $55.4M | $55.4M |
| 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 | $55.4M | $55.4M | $55.4M | $55.4M | $0 | $0 | $0 | $0 | $55.4M | $55.3M | $0 | $0 |
| Total assets | $167.9M | $170.8M | $56.9M | $57.9M | $58.5M | $59.8M | $56.5M | $57.3M | $57.9M | $59.1M | $57.4M | $57.9M |
| Liabilities | ||||||||||||
| Accounts payable | $1.7M | $215,401 | $145,918 | $80,018 | $57,857 | $21,199 | $38,374 | $43,581 | $34,795 | $112,090 | $92,855 | $9,754 |
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | $0 |
| Total current liabilities | $1.7M | $215,401 | $145,918 | $80,018 | $191,816 | $240,406 | $177,477 | $43,581 | $172,758 | $284,273 | $234,951 | $164,651 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $749,999 | $269,563 | $352,034 | $220,420 | $0 | $0 | $0 | $142,967 | $137,989 | $0 | $142,096 | $154,897 |
| Total liabilities | $2.4M | $484,964 | $497,952 | $300,438 | $191,816 | $240,406 | $177,477 | $186,548 | $172,758 | $284,273 | $234,951 | $164,651 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $408.8M | $410.7M | $294.4M | $295.0M | $295.0M | $295.0M | $291.2M | $291.2M | $291.1M | $290.9M | $288.9M | $288.8M |
| Retained earnings (deficit) | −$278.6M | −$276.4M | −$277.3M | −$276.5M | −$275.8M | −$273.8M | −$273.2M | −$272.2M | −$271.5M | −$269.8M | −$269.6M | −$268.8M |
| Accumulated other comprehensive income | −$3.3M | −$1.1M | $1.6M | $1.6M | $1.6M | $1.4M | $1.4M | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M |
| Total shareholders' equity | $165.5M | $170.3M | $56.4M | $57.6M | $58.3M | $59.6M | $56.3M | $57.1M | $57.7M | $58.8M | $57.1M | $57.8M |
| Key figures | ||||||||||||
| Total debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | $0 |
| Net cash (debt) | — | — | $1.4M | $2.3M | $2.8M | $4.3M | $992,487 | $1.7M | — | — | — | $2.4M |
| Working capital | $110.9M | $115.2M | $1.4M | $2.4M | $2.9M | $4.2M | $959,703 | $1.9M | $2.4M | $3.5M | $1.8M | $2.4M |
| Tangible book value | $165.5M | $170.3M | $56.4M | $57.6M | $58.3M | $59.6M | $56.3M | $57.1M | $57.7M | $58.8M | $57.1M | $57.8M |
| Book value per share | $0.63 | $0.69 | $0.27 | $0.28 | $0.28 | $0.29 | $0.28 | $0.29 | $0.29 | $0.30 | $0.29 | $0.29 |
| Shares outstanding | 261.6M | 248.4M | 207.9M | 207.9M | 207.9M | 202.6M | 199.7M | 199.7M | 199.7M | 199.0M | 195.9M | 195.9M |
| Current ratio | 66.59 | 535.92 | 10.37 | 30.95 | 16.13 | 18.41 | 6.41 | 44.38 | 14.74 | 13.35 | 8.48 | 15.52 |
| Quick ratio | 66.18 | 532.45 | 9.27 | 28.47 | 14.83 | 17.73 | 5.59 | 40.07 | 13.14 | 12.61 | 7.18 | 14.30 |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | 0.00 |
| Equity / assets | 98.5% | 99.7% | 99.1% | 99.5% | 99.7% | 99.6% | 99.7% | 99.7% | 99.7% | 99.5% | 99.6% | 99.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 11, 2026); data from EODHD.
THM financial position
At the end of fiscal 2025 (December 31, 2025), International Tower Hill Mines had total assets of $56.9 million (up 0.7% from a year earlier), total liabilities of $0.5 million and shareholders' equity of $56.4 million. It held $1.4 million in cash and short-term investments against $0 of debt, a net cash position of $1.4 million. Its current ratio was 10.37. In the latest quarter (ended June 30, 2026) total assets were $167.9 million and equity $165.5 million.
Related: THM income statement, THM cash flow statement, THM key metrics. See the THM stock overview for the latest quote and news.
THM balance sheet FAQ
What are International Tower Hill Mines's total assets?
International Tower Hill Mines reported total assets of $56.9 million at the end of fiscal 2025 (December 31, 2025), compared with $56.5 million a year earlier.
How much debt does International Tower Hill Mines have?
International Tower Hill Mines had $0 of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does International Tower Hill Mines have?
International Tower Hill Mines held $1.4 million in cash and short-term investments at the end of fiscal 2025; with $0 of debt that is net cash of $1.4 million.
What is International Tower Hill Mines's book value?
International Tower Hill Mines's shareholders' equity (book value) was $56.4 million at the end of fiscal 2025, or $0.27 per share.
What is International Tower Hill Mines's current ratio?
International Tower Hill Mines had current assets of $1.5 million and current liabilities of $0.1 million, a current ratio of 10.37 (it can cover its short-term obligations).