How much debt does enCore Energy have?

enCore Energy had total debt of $110.36M as of Dec 31, 2025, against $95.99M in cash and short-term investments. Its debt-to-equity ratio was 0.43. Total debt was $20.31M a year earlier.

What are enCore Energy's total assets?

enCore Energy reported total assets of $430.42M as of Dec 31, 2025, up 9.6% from $392.72M a year earlier. Total liabilities were $172.04M.

What is enCore Energy's shareholders' equity?

enCore Energy's shareholders' equity was $258.38M as of Dec 31, 2025, or about $1.38 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.

enCore Energy (EU) Balance Sheet: Assets & Liabilities

enCore Energy Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for enCore Energy Corp. (EU) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Mar 2020	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	52.40	39.70	7.49	3.38	2.51	9.19	9.19	6.60	5.18	2.13	0.93	1.56
Short-Term Investments	43.59	24.05	16.89	4.25	3.16	0.00	-	0.00	-	0.00	0.00	0.00
Cash & Short-Term Investments	95.99	63.75	24.38	7.62	5.67	9.19	9.19	6.60	5.18	2.13	0.93	1.56
Accounts Receivable	4.94	0.00	0.93	1.67	1.24	0.63	0.63	0.25	0.25	0.03	0.01	0.04
Inventory	5.32	20.97	0.01	-4.04	3.00	0.00	-	0.00	-	0.00	-0.02	0.00
Other Current Assets	3.56	2.70	0.93	9.05	3.00	1.74	1.74	0.07	-	0.00	0.02	0.01
Total Current Assets	109.81	87.41	25.32	14.31	10.65	11.56	11.56	6.93	5.44	2.16	0.94	1.61
Non-Current Assets
Property, Plant & Equipment (Net)	310.08	296.25	289.92	198.51	147.74	137.93	137.93	10.32	8.10	3.84	4.93	3.93
Long-Term Investments	0.00	0.84	2.30	1.05	0.78	4.77	0.56	0.60	0.47	0.00	0.12	0.00
Intangible Assets	1.47	0.47	0.51	0.71	0.53	0.49	0.49	0.65	0.51	0.26	0.36	0.00
Other Non-Current Assets	9.07	7.75	7.77	85.76	54.66	4.61	4.61	4.94	3.88	0.09	0.12	0.11
Total Non-Current Assets	320.61	305.31	301.25	286.04	212.88	147.80	147.80	16.52	-	4.18	5.41	4.05
Total Assets	430.42	392.72	326.57	300.34	223.53	159.36	159.36	23.44	18.40	6.34	6.35	5.66
Current Liabilities
Accounts Payable	12.43	7.46	3.58	4.17	3.11	5.84	5.84	0.37	0.37	0.05	0.04	0.02
Short-Term Debt	0.37	20.11	0.18	0.11	-	0.08	-	0.43	-	0.00	0.00	0.00
Accrued Liabilities	12.43	7.46	2.70	-	3.11	-	5.84	-	0.00	-	-	-
Other Current Liabilities	1.06	2.38	1.90	0.59	0.44	0.01	0.01	0.10	-	0.24	0.27	0.16
Total Current Liabilities	13.68	30.08	6.28	4.88	3.63	5.92	5.92	0.90	0.71	0.29	0.30	0.18
Non-Current Liabilities
Long-Term Debt	109.99	0.20	19.24	0.13	0.10	0.17	0.17	0.00	-	0.00	0.00	0.00
Deferred Tax Liabilities	26.38	26.98	27.96	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Other Non-Current Liabilities	45.30	43.90	29.27	6.39	4.75	4.18	4.18	6.67	5.23	0.00	0.00	0.00
Total Non-Current Liabilities	158.36	44.10	58.32	6.51	4.85	4.34	4.34	6.67	-	0.00	0.05	0.03
Total Liabilities	172.04	74.18	64.60	11.39	8.48	10.27	10.27	7.57	5.94	0.29	0.30	0.18
Stockholders' Equity
Common Stock	382.84	380.33	308.20	256.11	190.61	162.58	162.58	36.09	28.33	20.51	23.90	23.31
Retained Earnings	-207.70	-150.85	-89.46	-65.66	-48.87	-32.35	-32.35	-23.44	-18.40	-16.18	-19.76	-19.36
Accumulated Other Comprehensive Income	-2.63	-3.60	-1.79	5.53	5.53	0.71	6.20	0.50	0.39	0.64	0.85	0.51
Additional Paid-in Capital	56.73	59.86	41.20	67.78	16.22	16.06	12.66	2.72	-	1.59	1.05	1.01
Minority Interest	29.14	32.81	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Shares Outstanding	187.35	186.11	165.13	-	108.94	-	98.90	-	-	-	-	-
Total Stockholders' Equity	258.38	318.54	261.97	288.95	215.05	149.09	149.09	15.87	12.45	6.05	6.05	5.48
Total Liabilities & Equity	430.42	392.72	326.57	223.53	223.53	202.09	159.36	23.44	-	8.29	6.35	5.66

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

enCore Energy Balance Sheet Analysis

Frequently Asked Questions About enCore Energy Balance Sheet