NexMetals Mining (NEXM) Balance Sheet: Assets & Liabilities

NexMetals Mining (NEXM) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), NexMetals Mining reported total assets of CAD 98.52M and total liabilities of CAD 15.57M. Shareholders' equity was CAD 82.95M. Total debt stood at CAD 1.99M against CAD 39.78M in cash and short-term investments, a net cash position of CAD 37.79M. That puts debt-to-equity at 0.02.

NexMetals Mining Balance Sheet Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for NexMetals Mining Corp. (NEXM) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	39.78	6.11	19.25	19.25	5.16	1.99	0.31	1.10	0.34	0.40
Short-Term Investments	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	2.50	2.50
Cash & Short-Term Investments	39.78	6.11	19.25	19.25	5.16	1.99	0.31	1.10	2.84	2.90
Accounts Receivable	5.66	0.97	0.53	0.53	0.80	0.14	0.08	0.26	0.09	0.16
Inventory	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	1.04	0.54	0.90	0.90	0.47	0.01	0.04	0.00	0.05	0.08
Total Current Assets	46.48	7.62	20.68	20.68	6.44	2.14	0.42	1.35	2.97	3.14
Non-Current Assets
Property, Plant & Equipment (Net)	9.31	17.34	55.69	8.70	3.39	39.12	39.12	0.03	0.04	0.05
Long-Term Investments	0.00	0.00	0.00	-	0.00	0.32	0.05	0.00	0.01	0.01
Other Non-Current Assets	42.73	0.00	0.00	8.59	8.58	-36.34	0.05	38.66	64.48	50.49
Total Non-Current Assets	52.04	17.34	55.69	17.30	35.22	3.10	39.22	38.69	64.53	50.56
Total Assets	98.52	24.95	37.97	37.97	41.66	5.24	39.64	40.04	67.50	53.70
Current Liabilities
Accounts Payable	7.15	2.49	2.38	4.28	4.03	0.22	0.29	0.00	0.00	0.00
Short-Term Debt	0.50	0.00	1.61	-	7.07	0.00	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	0.39	0.14	-	-	-	-	-	-	-	-
Accrued Liabilities	2.38	0.18	-	1.80	0.32	0.14	-	-	-	-
Deferred Revenue	0.00	0.00	-2.38	-	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	2.31	2.16	4.28	0.09	0.04	0.94	0.07	0.61	0.56	0.97
Total Current Liabilities	9.96	4.66	5.89	5.89	12.46	0.58	0.36	0.61	0.56	0.97
Non-Current Liabilities
Long-Term Debt	1.50	19.23	17.42	18.19	0.16	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	-	-0.30	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	4.12	4.52	1.39	4.14	0.48	8.97	0.27	0.00	0.00	0.00
Total Non-Current Liabilities	5.61	23.75	19.70	22.34	2.01	8.97	0.27	0.00	0.00	0.00
Total Liabilities	15.57	28.40	28.23	28.23	14.47	9.56	0.63	0.61	0.56	0.97
Stockholders' Equity
Common Stock	0.00	0.00	126.43	-	0.03	93.45	89.63	89.01	87.95	73.60
Retained Earnings	-206.07	-146.99	-104.57	-104.57	-72.19	-57.09	-53.30	-54.34	-29.34	-26.55
Accumulated Other Comprehensive Income	-2.87	-1.52	-1.79	-1.79	-1.20	4.25	2.10	4.18	7.75	5.09
Additional Paid-in Capital	291.86	145.03	116.07	116.07	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	35.50	9.29	-	7.47	5.83	5.66	-	-	-	-
Total Stockholders' Equity	82.95	-3.45	9.75	9.75	27.19	41.20	39.02	39.43	66.94	52.73
Total Liabilities & Equity	98.52	24.95	37.97	37.97	41.66	5.24	39.64	40.04	67.50	53.70

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

Frequently Asked Questions About NexMetals Mining Balance Sheet

How much debt does NexMetals Mining have?

NexMetals Mining had total debt of CAD 1.99M as of Dec 31, 2025, against CAD 39.78M in cash and short-term investments. Its debt-to-equity ratio was 0.02. Total debt was CAD 19.23M a year earlier.

What are NexMetals Mining's total assets?

NexMetals Mining reported total assets of CAD 98.52M as of Dec 31, 2025, up 294.8% from CAD 24.95M a year earlier. Total liabilities were CAD 15.57M.

What is NexMetals Mining's shareholders' equity?

NexMetals Mining's shareholders' equity was CAD 82.95M as of Dec 31, 2025, or about CAD 2.34 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