U.S. GoldMining (USGO) Balance Sheet: Assets & Liabilities

U.S. GoldMining (USGO) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), U.S. GoldMining reported total assets of $8.45M and total liabilities of $836.57K. Shareholders' equity was $7.61M, up 71.2% from $4.45M a year earlier. Total debt stood at $58.17K against $7.38M in cash and short-term investments, a net cash position of $7.32M. That puts debt-to-equity at 0.01, compared with 0.02 a year earlier.

U.S. GoldMining 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 U.S. GoldMining Inc. (USGO) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Nov 2025	Dec 2024	Nov 2024	Dec 2023	Nov 2023	Nov 2022	Nov 2021	Nov 2020
Current Assets
Cash and Cash Equivalents	7.38	24.94	3.88	3.88	11.20	11.40	0.05	0.01	0.00
Short-Term Investments	-	1.38	-	0.00	-	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	7.38	26.32	3.88	3.88	11.20	11.40	0.05	0.01	0.00
Accounts Receivable	0.06	0.06	0.01	0.01	0.15	0.12	0.07	0.00	0.00
Inventory	0.03	0.03	0.03	0.03	0.03	0.03	0.09	0.00	0.00
Other Current Assets	0.12	-18.82	0.20	0.20	0.38	0.46	0.01	0.02	0.01
Total Current Assets	7.59	7.59	4.12	4.12	11.77	12.01	0.23	0.02	0.01
Non-Current Assets
Property, Plant & Equipment (Net)	0.83	2.95	1.03	1.00	0.98	1.02	0.00	0.42	0.73
Long-Term Investments	-	148.30	-	0.00	-	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.03	-150.40	0.03	0.03	0.03	0.00	0.09	0.00	0.00
Total Non-Current Assets	0.86	0.86	1.03	1.03	1.01	1.02	0.09	0.42	0.73
Total Assets	8.45	8.45	5.15	5.15	12.78	13.02	0.23	0.44	0.74
Current Liabilities
Accounts Payable	0.22	0.22	0.19	0.19	0.12	0.20	0.47	0.00	0.00
Short-Term Debt	-	0.03	-	0.03	-	0.02	0.68	0.49	0.49
Accrued Liabilities	0.12	-	0.03	-	0.15	-	0.03	0.00	-
Other Current Liabilities	0.18	0.22	0.18	0.03	0.19	0.11	0.03	0.00	0.00
Total Current Liabilities	0.56	0.56	0.42	0.42	0.48	0.51	1.29	0.50	0.49
Non-Current Liabilities
Long-Term Debt	0.06	0.06	0.08	0.08	0.12	0.12	0.00	0.00	0.00
Other Non-Current Liabilities	0.22	0.22	0.20	0.20	0.18	0.18	0.23	0.21	0.19
Total Non-Current Liabilities	0.28	0.28	0.28	0.28	0.30	0.30	0.23	0.21	0.19
Total Liabilities	0.84	0.84	0.70	0.70	0.78	0.81	1.51	0.70	0.68
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Retained Earnings	-30.19	-30.19	-23.20	-23.20	-14.71	-14.48	-5.12	-3.38	-2.69
Accumulated Other Comprehensive Income	-	4.83	-	0.00	-	0.00	0.00	0.00	0.00
Additional Paid-in Capital	37.78	229.67	27.63	27.63	26.70	26.68	3.83	3.11	2.74
Shares Outstanding	13.31	-	12.46	-	12.40	-	12.14	-	-
Total Stockholders' Equity	7.61	7.61	4.45	4.45	12.00	12.21	-1.28	-0.26	0.06
Total Liabilities & Equity	8.45	177.58	5.15	5.15	12.78	13.02	0.23	0.44	0.74

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

Frequently Asked Questions About U.S. GoldMining Balance Sheet

How much debt does U.S. GoldMining have?

U.S. GoldMining had total debt of $58.17K as of Dec 31, 2025, against $7.38M in cash and short-term investments. Its debt-to-equity ratio was 0.01. Total debt was $84.25K a year earlier.

What are U.S. GoldMining's total assets?

U.S. GoldMining reported total assets of $8.45M as of Dec 31, 2025, up 64.0% from $5.15M a year earlier. Total liabilities were $836.57K.

What is U.S. GoldMining's shareholders' equity?

U.S. GoldMining's shareholders' equity was $7.61M as of Dec 31, 2025, or about $0.57 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