How much debt does Skeena Resources have?

Skeena Resources had total debt of CAD 63.08M as of Dec 31, 2025, against CAD 151.56M in cash and short-term investments. Its debt-to-equity ratio was 0.40. Total debt was CAD 13.53M a year earlier.

What are Skeena Resources's total assets?

Skeena Resources reported total assets of CAD 770.19M as of Dec 31, 2025, up 180.7% from CAD 274.39M a year earlier. Total liabilities were CAD 611.07M.

What is Skeena Resources's shareholders' equity?

Skeena Resources's shareholders' equity was CAD 159.12M as of Dec 31, 2025, or about CAD 1.31 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.

Skeena Resources (SKE) Balance Sheet: Assets & Liabilities

Skeena Resources Balance Sheet Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Skeena Resources Limited (SKE) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Mar 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	121.89	96.94	96.94	91.14	91.14	40.60	40.31	40.31	37.82	13.12	1.09	1.02
Short-Term Investments	29.67	0.95	0.95	1.55	1.55	2.49	0.84	0.84	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	151.56	97.89	97.89	92.69	92.69	43.10	41.15	41.15	37.82	13.12	1.09	1.02
Accounts Receivable	5.51	0.00	2.35	0.91	3.23	5.68	0.00	7.25	0.00	0.00	0.00	0.00
Inventory	0.00	0.00	-	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00
Other Current Assets	1.93	3.05	0.70	3.91	1.59	1.40	13.04	5.79	3.88	5.88	3.73	1.53
Total Current Assets	158.99	100.94	100.94	97.50	97.50	50.18	54.20	54.20	41.70	19.00	4.82	2.55
Non-Current Assets
Property, Plant & Equipment (Net)	559.57	167.97	144.22	32.97	97.49	115.67	94.31	18.78	90.46	3.77	16.94	21.20
Long-Term Investments	0.00	0.00	-	0.00	-	0.00	4.25	4.25	2.99	0.25	1.43	1.94
Intangible Assets	0.00	0.00	-	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00
Other Non-Current Assets	51.63	5.49	29.23	64.52	64.52	98.97	2.21	83.53	2.69	1.41	1.37	2.04
Total Non-Current Assets	611.20	173.45	173.45	97.49	97.49	117.80	100.77	100.77	96.14	5.43	19.73	23.24
Total Assets	770.19	274.39	274.39	194.99	194.99	167.98	154.96	154.96	137.84	24.43	24.55	25.79
Current Liabilities
Accounts Payable	66.18	55.18	57.29	19.58	20.59	13.98	12.54	12.54	19.40	3.60	1.06	1.64
Short-Term Debt	15.75	6.30	-	1.06	-	1.81	0.49	-	1.33	0.31	0.00	0.00
Accrued Liabilities	-	-	2.11	-	1.00	-	-	-	0.35	-	-	-
Deferred Revenue	0.00	0.00	5.71	0.00	3.14	4.56	0.00	12.41	0.00	0.00	0.00	0.00
Other Current Liabilities	5.54	8.54	6.43	4.59	3.59	6.36	12.41	12.41	1.69	4.47	1.68	0.96
Total Current Liabilities	87.47	70.02	70.02	25.24	25.24	20.89	25.44	25.44	22.42	8.38	2.74	2.60
Non-Current Liabilities
Long-Term Debt	47.33	7.23	7.23	31.32	22.78	3.02	0.82	0.82	1.31	1.16	0.00	0.00
Deferred Tax Liabilities	3.46	0.00	-	0.00	-	0.00	0.00	-	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	472.80	106.53	106.53	13.90	0.24	0.69	5.15	5.15	5.16	3.28	3.25	1.09
Total Non-Current Liabilities	523.60	113.76	113.76	45.22	45.22	9.87	5.97	5.97	6.47	4.44	3.25	1.09
Total Liabilities	611.07	183.78	183.78	70.45	70.45	30.75	31.41	31.41	28.89	12.82	5.99	3.69
Stockholders' Equity
Common Stock	903.05	670.13	670.13	552.40	552.40	464.03	361.98	361.98	241.34	99.19	81.57	71.36
Retained Earnings	-809.95	-627.11	-627.11	-476.91	-476.91	-367.93	-279.04	-279.04	-161.47	-101.16	-74.08	-58.56
Accumulated Other Comprehensive Income	66.03	47.60	47.60	49.05	48.30	39.88	40.61	40.61	29.08	13.59	11.08	9.30
Additional Paid-in Capital	0.00	0.00	-	0.00	-	0.00	0.00	-	0.00	0.00	0.00	71.36
Shares Outstanding	121.30	-	107.62	-	90.30	77.66	-	65.39	-	-	-	-
Total Stockholders' Equity	159.12	90.61	90.61	124.54	124.54	137.23	123.55	123.55	108.95	11.61	18.57	22.10
Total Liabilities & Equity	770.19	274.39	274.39	194.99	194.99	167.98	154.96	154.96	137.84	24.43	24.55	25.79

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

Skeena Resources Balance Sheet Analysis

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