Caledonia Mining Corporation (CMCL) Balance Sheet: Assets & Liabilities

Caledonia Mining Corporation (CMCL) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Caledonia Mining Corporation reported total assets of $411.89M and total liabilities of $128.35M. Shareholders' equity was $259.00M, up 21.1% from $213.88M a year earlier. Total debt stood at $32.60M against $35.74M in cash and short-term investments, a net cash position of $3.14M. That puts debt-to-equity at 0.13, compared with 0.12 a year earlier.

Caledonia Mining Corporation Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Caledonia Mining Corporation Plc (CMCL) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Jan 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	35.74	4.26	4.26	4.25	6.74	6.74	17.15	19.09	9.38	11.19	13.07
Cash & Short-Term Investments	35.74	4.26	4.26	4.25	6.74	6.74	17.15	19.09	9.38	11.19	13.07
Accounts Receivable	11.88	13.03	4.10	11.07	9.19	9.19	7.94	4.77	4.92	6.39	4.96
Inventory	26.83	23.77	23.77	20.30	18.33	18.33	20.81	16.80	11.09	9.43	9.18
Other Current Assets	27.76	20.26	20.26	18.60	4.13	4.13	6.93	1.97	2.45	1.16	0.71
Total Current Assets	102.21	61.32	61.32	54.23	38.43	38.43	52.93	44.59	27.85	28.17	27.91
Non-Current Assets
Property, Plant & Equipment (Net)	205.63	286.78	286.78	273.92	178.98	196.56	149.10	133.25	113.65	97.43	82.08
Intangible Assets	0.00	0.00	97.33	0.00	17.58	0.00	8.65	0.00	0.00	0.00	0.00
Other Non-Current Assets	103.83	0.00	0.26	0.00	0.20	0.00	0.19	0.09	1.99	0.00	0.00
Total Non-Current Assets	309.69	287.05	287.05	274.07	-	196.76	157.94	133.33	115.71	97.53	82.14
Total Assets	411.90	348.36	348.36	328.30	235.19	235.19	210.88	177.92	143.55	125.69	110.06
Current Liabilities
Accounts Payable	7.21	8.04	8.04	6.17	17.45	17.45	9.96	1.90	2.83	2.51	2.94
Short-Term Debt	26.63	15.05	14.96	18.57	5.24	12.34	0.89	0.41	1.37	0.00	1.80
Current Portion of Long-Term Debt	14.47	-	2.03	0.67	7.10	-	-	0.41	-	-	-
Accrued Liabilities	8.38	-	7.33	13.52	1.19	5.79	8.76	5.39	-	-	-
Other Current Liabilities	26.51	19.35	0.10	15.39	2.51	1.19	6.71	1.72	5.52	8.15	9.72
Total Current Liabilities	60.35	45.40	45.40	40.13	32.44	32.44	17.69	9.96	9.88	12.20	15.60
Non-Current Liabilities
Long-Term Debt	5.97	10.01	9.81	6.49	-	0.18	0.33	0.18	1.94	5.96	0.00
Deferred Tax Liabilities	51.02	48.42	48.42	46.12	40.89	40.89	8.03	4.23	3.13	23.33	19.62
Other Non-Current Liabilities	11.02	10.08	58.49	11.36	44.88	3.99	40.40	5.50	3.89	5.40	5.62
Total Non-Current Liabilities	68.00	68.51	68.51	63.97	45.06	45.06	40.73	9.91	8.96	34.69	25.24
Total Liabilities	128.35	113.90	113.90	104.10	77.50	77.50	30.32	19.88	18.84	46.89	40.85
Stockholders' Equity
Common Stock	166.33	165.41	165.41	165.07	83.47	83.47	82.67	74.70	56.07	55.10	55.10
Retained Earnings	-45.59	-90.00	-90.00	-97.14	-80.53	-80.53	-82.79	-71.49	-88.38	-127.43	-135.29
Accumulated Other Comprehensive Income	138.25	-10.53	-10.53	-10.41	5.21	137.80	5.19	5.72	8.14	-6.56	-5.89
Additional Paid-in Capital	0.00	148.99	132.59	148.23	-	132.59	0.00	132.59	132.59	132.59	132.59
Minority Interest	24.55	20.59	20.59	18.46	-	16.95	14.81	16.52	16.30	8.35	5.94
Shares Outstanding	19.30	-	19.21	19.19	-	12.83	12.76	-	-	-	-
Total Stockholders' Equity	259.00	213.88	213.88	205.74	157.69	140.74	180.56	158.04	108.42	70.46	63.27
Total Liabilities & Equity	411.90	348.36	348.36	328.30	-	235.19	210.88	177.92	143.55	125.69	110.06

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Caledonia Mining Corporation Balance Sheet

How much debt does Caledonia Mining Corporation have?

Caledonia Mining Corporation had total debt of $32.60M as of Dec 31, 2025, against $35.74M in cash and short-term investments. Its debt-to-equity ratio was 0.13. Total debt was $25.06M a year earlier.

What are Caledonia Mining Corporation's total assets?

Caledonia Mining Corporation reported total assets of $411.89M as of Dec 31, 2025, up 18.2% from $348.36M a year earlier. Total liabilities were $128.35M.

What is Caledonia Mining Corporation's shareholders' equity?

Caledonia Mining Corporation's shareholders' equity was $259.00M as of Dec 31, 2025, or about $13.42 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition