How much debt does TRX Gold have?

TRX Gold had total debt of $3.86M as of Nov 30, 2025, against $10.67M in cash and short-term investments. Its debt-to-equity ratio was 0.05. Total debt was $1.81M a year earlier.

What are TRX Gold's total assets?

TRX Gold reported total assets of $161.06M as of Nov 30, 2025, up 20.8% from $133.35M a year earlier. Total liabilities were $59.02M.

What is TRX Gold's shareholders' equity?

TRX Gold's shareholders' equity was $78.67M as of Nov 30, 2025.

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.

TRX Gold (TRX) Balance Sheet: Assets & Liabilities

TRX Gold 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 TRX Gold Corporation (TRX) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Nov 2025	Aug 2025	Nov 2024	Aug 2024	Aug 2023	Aug 2022	Nov 2021	Aug 2021	Aug 2020	Nov 2019	Aug 2018	Aug 2017
Current Assets
Cash and Cash Equivalents	10.67	7.77	11.24	8.33	7.63	11.13	16.90	13.45	3.09	1.90	0.25	0.64
Cash & Short-Term Investments	10.67	7.77	11.24	8.33	7.63	11.13	16.90	13.45	3.09	1.90	0.25	0.64
Accounts Receivable	5.24	3.82	2.64	1.96	3.14	3.34	0.00	0.46	0.42	0.35	0.16	0.21
Inventory	17.88	13.02	8.43	6.25	4.96	4.77	1.48	1.18	0.55	0.03	0.31	0.32
Other Current Assets	1.70	1.24	1.68	1.25	1.46	1.58	1.00	0.33	0.06	0.04	0.07	0.05
Total Current Assets	35.50	25.84	23.99	17.78	17.19	20.81	19.38	15.42	4.12	2.32	0.78	1.22
Non-Current Assets
Property, Plant & Equipment (Net)	120.18	87.49	104.97	77.82	64.06	67.80	51.64	2.48	24.96	18.81	30.77	31.36
Intangible Assets	0.00	-	0.00	-	0.00	0.00	0.00	38.62	0.00	0.00	0.00	0.00
Other Non-Current Assets	5.38	3.92	4.40	3.26	2.95	5.72	0.00	-	0.00	0.29	0.00	0.00
Total Non-Current Assets	125.56	91.41	109.36	81.08	67.01	73.52	51.64	-	24.96	19.10	30.77	31.36
Total Assets	161.06	117.25	133.35	98.86	84.20	94.33	71.01	56.52	29.07	21.42	31.55	32.58
Current Liabilities
Accounts Payable	24.95	18.16	20.97	15.55	11.57	10.40	0.00	5.26	3.78	3.50	3.42	3.31
Short-Term Debt	1.65	-	0.54	-	0.09	0.00	0.00	-	3.89	3.94	4.48	2.07
Accrued Liabilities	-	-	-	-	-	2.35	-	3.52	-	-	-	-
Deferred Revenue	4.68	3.41	2.23	1.65	1.55	2.45	0.00	-	0.00	0.00	0.00	0.00
Other Current Liabilities	1.39	1.76	3.07	2.27	4.63	8.99	9.35	2.15	0.41	0.00	0.00	0.00
Total Current Liabilities	33.71	24.54	28.71	21.28	17.81	22.65	9.35	7.41	8.07	7.44	7.90	5.38
Non-Current Liabilities
Long-Term Debt	2.21	1.61	1.27	0.94	0.04	0.00	0.00	-	0.00	0.00	0.00	0.67
Deferred Tax Liabilities	21.52	15.67	12.82	9.51	4.29	0.00	0.00	-	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	1.58	16.82	1.47	10.60	5.30	3.70	3.38	2.68	2.04	3.92	4.29	3.53
Total Non-Current Liabilities	25.31	18.43	15.56	11.54	5.33	4.51	3.38	2.68	2.04	3.92	4.29	4.20
Total Liabilities	59.02	42.96	44.27	32.82	23.14	27.16	12.73	10.09	10.12	10.37	11.21	9.58
Stockholders' Equity
Common Stock	230.77	168.00	223.84	165.95	164.82	215.27	198.68	158.13	104.13	79.95	75.27	79.41
Retained Earnings	-166.49	-121.21	-164.42	-121.89	-121.42	-162.39	-147.58	-117.46	-87.00	-74.44	-61.20	-61.26
Accumulated Other Comprehensive Income	0.00	10.48	0.00	10.85	10.51	0.00	0.00	7.29	-0.76	-0.09	-0.58	-1.72
Additional Paid-in Capital	14.39	-	14.64	-	10.51	8.53	7.29	-	3.45	7.04	8.19	7.07
Minority Interest	23.37	17.02	15.02	11.14	7.16	3.10	-1.93	-	-0.21	0.33	0.42	0.57
Shares Outstanding	-	284.86	-	280.19	277.63	276.15	-	-	-	-	-	-
Total Stockholders' Equity	78.67	74.29	74.06	54.90	61.06	64.07	60.29	46.43	19.17	10.72	19.93	22.43
Total Liabilities & Equity	161.06	117.25	133.35	98.86	84.20	71.85	56.52	-	38.07	28.52	40.99	40.68

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

TRX Gold Balance Sheet Analysis

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