Trilogy Metals (TMQ) Balance Sheet: Assets & Liabilities

Trilogy Metals (TMQ) Balance Sheet

As of Nov 30, 2025 (end of fiscal 2025), Trilogy Metals reported total assets of $157.30M and total liabilities of $33.18M. Shareholders' equity was $124.12M, down 6.5% from $132.79M a year earlier. Total debt stood at $221.60K against $51.81M in cash and short-term investments, a net cash position of $51.58M. That puts debt-to-equity at 0.00, compared with 0.00 a year earlier.

Trilogy Metals 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 Trilogy Metals Inc. (TMQ) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017
Current Assets
Cash and Cash Equivalents	51.61	25.83	2.59	2.57	6.31	11.13	19.17	22.99	5.39
Short-Term Investments	0.19	0.00	0.26	0.32	0.00	0.00	0.00	0.00	2.52
Cash & Short-Term Investments	51.81	25.83	2.85	2.89	6.31	11.13	19.17	22.99	7.91
Accounts Receivable	0.12	0.02	0.03	0.02	0.02	0.13	0.26	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.72	0.00	0.00
Other Current Assets	0.19	0.20	0.26	0.32	0.00	0.18	0.00	0.62	0.72
Total Current Assets	51.92	26.05	2.88	2.91	6.61	11.44	20.16	23.63	9.21
Non-Current Assets
Property, Plant & Equipment (Net)	0.12	0.16	0.12	0.33	0.63	0.68	31.35	30.91	31.07
Long-Term Investments	105.26	107.50	135.02	142.75	160.06	173.15	0.00	0.00	0.00
Other Non-Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.11	0.00
Total Non-Current Assets	105.15	107.65	135.14	143.09	160.69	173.83	31.46	31.03	31.07
Total Assets	157.30	133.70	138.02	146.00	167.31	185.27	51.62	54.66	40.28
Current Liabilities
Accounts Payable	2.33	0.20	0.43	0.35	0.21	0.23	0.90	0.41	2.77
Short-Term Debt	0.08	0.04	0.03	0.19	0.18	0.16	0.00	0.00	0.00
Accrued Liabilities	1.68	0.56	0.29	0.16	0.65	-	-	-	-
Other Current Liabilities	30.74	0.56	0.29	0.16	0.65	0.66	1.45	1.25	1.48
Total Current Liabilities	33.11	0.79	0.47	0.53	1.03	1.05	2.35	1.66	4.25
Non-Current Liabilities
Long-Term Debt	0.14	0.11	0.00	0.03	0.24	0.41	0.00	0.00	0.00
Other Non-Current Liabilities	-0.07	0.00	0.00	0.00	0.00	0.00	31.00	20.80	10.37
Total Non-Current Liabilities	0.07	0.11	0.00	0.03	0.24	0.41	31.00	20.80	10.37
Total Liabilities	33.18	0.90	0.47	0.57	1.27	1.45	33.35	22.46	14.61
Stockholders' Equity
Common Stock	225.24	190.50	187.89	182.18	180.82	179.75	177.97	164.07	136.53
Retained Earnings	-132.64	-90.40	-81.81	-66.86	-42.61	-20.95	-182.71	-154.81	-132.87
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-3.47	-3.34
Additional Paid-in Capital	31.45	3.89	31.48	30.11	27.82	25.01	23.00	22.94	22.01
Shares Outstanding	171.07	161.09	155.93	146.23	145.01	-	-	-	-
Total Stockholders' Equity	124.12	132.79	137.56	145.43	166.04	183.81	18.26	32.20	25.67
Total Liabilities & Equity	156.96	133.70	138.02	146.00	167.31	185.27	51.62	54.66	40.28

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Trilogy Metals Balance Sheet

How much debt does Trilogy Metals have?

Trilogy Metals had total debt of $221.60K as of Nov 30, 2025, against $51.81M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was $147.00K a year earlier.

What are Trilogy Metals's total assets?

Trilogy Metals reported total assets of $157.30M as of Nov 30, 2025, up 17.7% from $133.70M a year earlier. Total liabilities were $33.18M.

What is Trilogy Metals's shareholders' equity?

Trilogy Metals's shareholders' equity was $124.12M as of Nov 30, 2025, or about $0.73 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