Almonty Industries Inc. (ALM) Key Metrics
ALM key metrics, 2020–2025
Fiscal year ended December 31, 2025 · Canadian dollarsALM returns How much profit the business earns on the capital it uses.
ALM financial health Debt, liquidity and how easily interest is covered.
ALM efficiency & capital use Working capital cycle and where the cash goes.
ALM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ALM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ALM key metrics in Canadian dollars
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Returns & profitability | ||||||
| Return on equity (ROE) | −81.6% | −37.2% | −20.0% | −37.5% | −25.7% | −31.1% |
| Return on invested capital (ROIC) | −10.0% | −3.2% | −3.3% | −5.2% | −4.6% | −6.1% |
| Return on assets (ROA) | −38.3% | −6.6% | −4.1% | −8.1% | −5.4% | −6.0% |
| Return on tangible assets | −27.5% | −6.4% | −3.8% | −7.5% | −4.7% | −6.0% |
| Free cash flow margin | −246.0% | −151.6% | −129.7% | −106.9% | −88.5% | −44.3% |
| Financial health | ||||||
| Total debt | C$162.1M | C$158.0M | C$130.1M | C$89.5M | C$67.7M | C$48.4M |
| Cash & short-term investments | C$265.9M | C$7.8M | C$22.0M | C$8.4M | C$1.0M | C$1.9M |
| Net debt | −C$103.8M | C$150.2M | C$108.0M | C$81.0M | C$66.7M | C$46.5M |
| Debt / equity | 0.45 | 4.04 | 2.68 | 2.25 | 1.81 | 2.11 |
| Debt / assets | 0.27 | 0.62 | 0.55 | 0.46 | 0.41 | 0.41 |
| Current ratio | 3.89 | 0.40 | 0.54 | 0.38 | 0.27 | 0.15 |
| Quick ratio | 3.76 | 0.27 | 0.43 | 0.28 | 0.10 | 0.06 |
| Interest coverage | -11.3 | -1.5 | -1.4 | -1.9 | -1.5 | -1.8 |
| Working capital | C$213.2M | −C$30.5M | −C$30.5M | −C$34.1M | −C$30.1M | −C$44.7M |
| Invested capital | C$254.0M | C$189.3M | C$156.6M | C$120.8M | C$104.2M | C$69.4M |
| Tangible asset value | C$357.8M | C$39.1M | C$48.5M | C$39.8M | C$37.5M | C$22.9M |
| Net current asset value | C$55.0M | −C$196.7M | −C$150.6M | −C$132.3M | −C$117.5M | −C$88.1M |
| Capital allocation | ||||||
| Dividends paid | C$0 | C$0 | C$0 | C$0 | C$0 | — |
| Capex / revenue | 187.1% | 125.6% | 77.7% | 91.8% | 48.0% | 25.1% |
| Capex / depreciation | 58.34 | 32.35 | 16.24 | 17.53 | 5.61 | 2.80 |
| Stock-based compensation / revenue | 34.1% | 9.5% | 5.1% | 15.4% | 7.3% | 2.4% |
| SG&A / revenue | 97.1% | 30.8% | 30.9% | 40.2% | 37.9% | 30.2% |
| Efficiency | ||||||
| Days sales outstanding | 47.9 | 43.3 | 48.8 | 34.4 | 20.2 | 5.8 |
| Days of inventory on hand | 101.3 | 99.0 | 115.4 | 102.5 | 117.3 | 91.9 |
| Days payables outstanding | 248.1 | 259.1 | 280.1 | 209.0 | 225.0 | 190.5 |
| Cash conversion cycle (days) | -98.8 | -116.8 | -115.9 | -72.1 | -87.6 | -92.8 |
| Receivables turnover | 7.62 | 8.43 | 7.47 | 10.61 | 18.09 | 62.89 |
| Payables turnover | 1.47 | 1.41 | 1.30 | 1.75 | 1.62 | 1.92 |
| Inventory turnover | 3.60 | 3.69 | 3.16 | 3.56 | 3.11 | 3.97 |
| Asset turnover | 0.08 | 0.12 | 0.11 | 0.14 | 0.15 | 0.17 |
| Average receivables | C$4.3M | C$3.4M | C$3.0M | C$2.3M | C$1.2M | C$313,575 |
| Average payables | C$19.8M | C$19.1M | C$16.4M | C$12.7M | C$11.1M | C$10.0M |
| Average inventory | C$8.1M | C$7.3M | C$6.8M | C$6.2M | C$5.8M | C$4.8M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from ALM's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
ALM valuation and financial ratios
Almonty Industries Inc. earned a return on equity of −81.6% and a return on invested capital of −10.0% in fiscal 2025. It ended the year with C$162.1 million of debt and C$265.9 million in cash and short-term investments, a net cash position of C$103.8 million.
See the ALM income statement, the ALM chart for price history, or the ALM stock overview for the latest quote and news.
ALM key metrics FAQ
What is Almonty Industries Inc.'s return on equity?
Almonty Industries Inc.'s return on equity (ROE) was −81.6% in fiscal 2025: net income of -C$161.9 million on average shareholders' equity of C$198.4 million.
What is Almonty Industries Inc.'s ROIC?
Almonty Industries Inc.'s return on invested capital was −10.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Almonty Industries Inc. have?
Almonty Industries Inc. had total debt of C$162.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.45 and more cash than debt.
Does Almonty Industries Inc. pay a dividend?
Almonty Industries Inc. did not pay a dividend in fiscal 2025.
What is Almonty Industries Inc.'s current ratio?
Almonty Industries Inc.'s current ratio was 3.89 at the end of fiscal 2025: current assets were 3.89 times current liabilities.