Vista Gold Corp. (VGZ) Balance Sheet
VGZ balance sheet, 2025
December 31, 2025 · U.S. dollars$16.3M assets = $1.2M liabilities + $15.1M equity
Both columns are drawn to the same scale: what VGZ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VGZ financial health
Descriptive bands, not a rating. Fiscal 2025.
VGZ balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $41.6M2016 | $16.3M2025 | −9.9%/yr | |
| Total liabilities | $1.1M2016 | $1.2M2025 | +0.8%/yr | |
| Shareholders’ equity | $40.5M2016 | $15.1M2025 | −10.4%/yr | |
| Cash & short-term investments | $28.9M2016 | $13.6M2025 | −8.0%/yr | |
| Total debt | $02016 | $02025 | — | |
| Net cash (debt) | $28.9M2016 | $13.6M2025 | −$15.3M | |
| Working capital | $28.4M2016 | $13.1M2025 | −$15.4M | |
| Book value per share | $0.462016 | $0.122025 | −13.7%/yr | |
| Debt / equity | 0.002016 | 0.002025 | 0.00 | |
| Shares outstanding | 89.1M2016 | 125.2M2025 | +3.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VGZ assets
VGZ liabilities and equity
VGZ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VGZ balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $13.6M | $16.9M | $6.1M | $8.1M | $13.1M | $8.5M | $8.3M | $13.5M | $20.3M | $28.9M |
| Cash & equivalents | $13.6M | $16.9M | $6.1M | $8.1M | $12.8M | $7.8M | $1.4M | $1.1M | $1.4M | $1.9M |
| Short-term investments | — | $16.93B | — | $384,000 | $384,000 | $693,000 | $6.9M | $12.5M | $18.9M | $27.0M |
| 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 | $526,000 | $553,000 | $446,000 | $537,000 | $811,000 | $952,000 | $482,000 | $540,000 | $794,000 | $648,000 |
| Total current assets | $14.1M | $17.5M | $6.5M | $8.6M | $14.0M | $9.4M | $8.8M | $14.1M | $21.1M | $29.5M |
| Property, plant & equipment (net) | $2.1M | $1.4M | $2.4M | $2.3M | $2.4M | $7.8M | $7.9M | $8.1M | $10.0M | $12.1M |
| 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 | $69,000 | $69,000 | $69,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $16.3M | $19.0M | $8.9M | $11.0M | $16.3M | $17.2M | $16.7M | $22.1M | $31.1M | $41.6M |
| Liabilities | ||||||||||
| Accounts payable | $389,000 | $160,000 | $190,000 | $169,000 | $566,000 | $356,000 | $190,000 | $195,000 | $830,000 | $252,000 |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $1.1M | $1.0M | $939,000 | $933,000 | $1.8M | $1.1M | $1.1M | $872,000 | $2.1M | $1.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | $13,000 | $8,000 | — | — | — |
| Other long-term liabilities | $74,999 | $21,000 | $3.0M | $24,000 | $261,000 | $253,000 | $3.0M | $0 | $0 | $0 |
| Total liabilities | $1.2M | $1.1M | $4.0M | $957,000 | $2.0M | $1.4M | $4.0M | $872,000 | $2.1M | $1.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $482.8M | $478.1M | $476.4M | $474.8M | $474.2M | $460.5M | $457.7M | $456.9M | $456.1M | $455.4M |
| Retained earnings (deficit) | −$467.7M | −$460.2M | −$471.4M | −$464.8M | −$459.9M | −$444.6M | −$445.1M | −$435.7M | −$427.0M | −$414.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | — | — | — | −$5.4M | $0 | −$2,000 | $15,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $15.1M | $17.9M | $5.0M | $10.0M | $14.3M | $15.9M | $12.6M | $21.3M | $29.1M | $40.5M |
| Key figures | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $13,000 | $8,000 | $0 | $0 | $0 |
| Net cash (debt) | $13.6M | $16.9M | $6.1M | $8.1M | $13.1M | $8.4M | $8.3M | $13.5M | $20.3M | $28.9M |
| Working capital | $13.1M | $16.5M | $5.6M | $7.7M | $12.2M | $8.3M | $7.8M | $13.2M | $19.1M | $28.4M |
| Tangible book value | $15.1M | $17.9M | $5.0M | $10.0M | $14.3M | $15.9M | $12.6M | $21.3M | $29.1M | $40.5M |
| Book value per share | $0.12 | $0.15 | $0.04 | $0.08 | $0.13 | $0.15 | $0.13 | $0.21 | $0.29 | $0.46 |
| Shares outstanding | 125.2M | 122.2M | 121.2M | 118.0M | 110.3M | 104.5M | 100.5M | 99.7M | 98.6M | 89.1M |
| Current ratio | 12.97 | 16.73 | 6.94 | 9.27 | 7.80 | 8.35 | 8.25 | 16.14 | 10.26 | 27.26 |
| Quick ratio | 12.49 | 16.20 | 6.46 | 8.69 | 7.35 | 7.51 | 7.80 | 15.52 | 9.87 | 26.66 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 92.8% | 94.4% | 55.4% | 91.3% | 87.5% | 92.0% | 75.8% | 96.1% | 93.4% | 97.4% |
| 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 | $49.5M | $52.7M | $13.6M | $13.7M | $13.2M | $15.0M | $16.9M | $19.0M | $20.2M | $11.9M | $6.1M | $4.8M |
| Cash & equivalents | $49.5M | $52.7M | $13.6M | $13.7M | $13.2M | $15.0M | $16.9M | $19.0M | $20.2M | $11.9M | $6.1M | $4.8M |
| Receivables | $0 | $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 | $440,000 | $451,000 | $526,000 | $197,000 | $315,000 | $400,000 | $553,000 | $208,000 | $334,000 | $455,000 | $446,000 | $283,000 |
| Total current assets | $50.0M | $53.2M | $14.1M | $13.9M | $13.5M | $15.4M | $17.5M | $19.2M | $20.6M | $12.4M | $6.5M | $5.1M |
| Property, plant & equipment (net) | $1.2M | $950,000 | $2.1M | $801,000 | $487,000 | $494,000 | $1.4M | $869,623 | $343,000 | $2.9M | $2.4M | $2.4M |
| 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 | $1.1M | $1.1M | $69,000 | $1.1M | $1.1M | $1.1M | $57,713 | $70,377 | $69,000 | $69,000 | $69,000 | $0 |
| Total assets | $52.3M | $55.3M | $16.3M | $15.9M | $15.2M | $17.0M | $19.0M | $20.1M | $21.0M | $15.3M | $8.9M | $7.5M |
| Liabilities | ||||||||||||
| Accounts payable | $328,000 | $685,000 | $389,000 | $194,000 | $148,000 | $312,000 | $433,000 | $477,000 | $190,000 | $354,000 | $190,000 | $156,000 |
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Total current liabilities | $1.5M | $1.8M | $1.1M | $1.1M | $1.2M | $1.4M | $1.0M | $1.1M | $803,000 | $1.2M | $939,000 | $944,000 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $95,000 | $86,000 | $74,999 | $70,000 | $29,000 | $25,000 | $21,000 | $21,000 | $28,000 | $10.0M | $3.0M | $39,000 |
| Total liabilities | $1.6M | $1.9M | $1.2M | $1.2M | $1.3M | $1.4M | $1.1M | $1.1M | $831,000 | $11.2M | $4.0M | $983,000 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $524.5M | $524.2M | $482.8M | $480.6M | $479.1M | $478.4M | $478.1M | $477.5M | $477.0M | $476.6M | $476.4M | $476.2M |
| Retained earnings (deficit) | −$473.8M | −$470.8M | −$467.7M | −$465.9M | −$465.2M | −$462.9M | −$460.2M | −$458.5M | −$456.8M | −$472.5M | −$471.4M | −$469.7M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $50.8M | $53.4M | $15.1M | $14.7M | $13.9M | $15.6M | $17.9M | $19.0M | $20.1M | $4.1M | $5.0M | $6.5M |
| Key figures | ||||||||||||
| Total debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Net cash (debt) | — | — | $13.6M | $13.7M | $13.2M | $15.0M | $16.9M | $19.0M | — | — | — | — |
| Working capital | $48.5M | $51.4M | $13.1M | $12.8M | $12.3M | $14.0M | $16.5M | $18.1M | $19.8M | $11.2M | $5.6M | $4.2M |
| Tangible book value | $50.8M | $53.4M | $15.1M | $14.7M | $13.9M | $15.6M | $17.9M | $19.0M | $20.1M | $4.1M | $5.0M | $6.5M |
| Book value per share | $0.35 | $0.41 | $0.12 | $0.12 | $0.11 | $0.13 | $0.14 | $0.16 | $0.16 | $0.03 | $0.04 | $0.05 |
| Shares outstanding | 146.0M | 131.6M | 127.0M | 125.4M | 124.9M | 123.9M | 123.6M | 122.3M | 125.4M | 121.2M | 121.1M | 121.1M |
| Current ratio | 34.21 | 29.22 | 12.97 | 12.35 | 11.03 | 11.01 | 16.74 | 17.76 | 25.60 | 10.59 | 6.94 | 5.44 |
| Quick ratio | 33.91 | 28.97 | 12.49 | 12.17 | 10.78 | 10.72 | 16.21 | 17.57 | 25.19 | 10.20 | 6.46 | 5.14 |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
| Equity / assets | 97.0% | 96.6% | 92.8% | 92.4% | 91.7% | 91.6% | 94.4% | 94.5% | 96.0% | 27.0% | 55.4% | 86.9% |
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.
VGZ financial position
At the end of fiscal 2025 (December 31, 2025), Vista Gold had total assets of $16.3 million (down 14.2% from a year earlier), total liabilities of $1.2 million and shareholders' equity of $15.1 million. It held $13.6 million in cash and short-term investments against $0 of debt, a net cash position of $13.6 million. Its current ratio was 12.97. In the latest quarter (ended June 30, 2026) total assets were $52.3 million and equity $50.8 million.
Related: VGZ income statement, VGZ cash flow statement, VGZ key metrics. See the VGZ stock overview for the latest quote and news.
VGZ balance sheet FAQ
What are Vista Gold's total assets?
Vista Gold reported total assets of $16.3 million at the end of fiscal 2025 (December 31, 2025), compared with $19.0 million a year earlier.
How much debt does Vista Gold have?
Vista Gold 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 Vista Gold have?
Vista Gold held $13.6 million in cash and short-term investments at the end of fiscal 2025; with $0 of debt that is net cash of $13.6 million.
What is Vista Gold's book value?
Vista Gold's shareholders' equity (book value) was $15.1 million at the end of fiscal 2025, or $0.12 per share.
What is Vista Gold's current ratio?
Vista Gold had current assets of $14.1 million and current liabilities of $1.1 million, a current ratio of 12.97 (it can cover its short-term obligations).