Versamet Royalties (VMET) Balance Sheet: Assets & Liabilities

Versamet Royalties (VMET) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Versamet Royalties reported total assets of $418.01M and total liabilities of $184.05M. Shareholders' equity was $233.96M, up 10.7% from $211.33M a year earlier. Total debt stood at $171.00M against $3.71M in cash and short-term investments, a net debt position of $167.29M. That puts debt-to-equity at 0.73, compared with 0.06 a year earlier.

Versamet Royalties 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 Versamet Royalties Corporation (VMET) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Jan 2023	Dec 2022
Current Assets
Cash and Cash Equivalents	3.71	1.43	6.72	4.08	4.08
Cash & Short-Term Investments	3.71	1.43	6.72	4.08	4.08
Accounts Receivable	9.63	0.37	0.42	0.77	0.77
Inventory	-	-	-	-	-
Other Current Assets	10.88	7.66	5.69	0.01	0.01
Total Current Assets	24.22	9.46	12.83	7.08	7.08
Non-Current Assets
Property, Plant & Equipment (Net)	391.53	220.06	143.25	-	70.58
Long-Term Investments	73.86	55.39	52.25	1.55	-
Intangible Assets	318.69	165.41	92.66	70.58	-
Other Non-Current Assets	1.25	54.66	50.59	-	-
Total Non-Current Assets	393.79	220.79	144.91	-	72.13
Total Assets	418.01	230.25	157.74	79.21	79.21
Current Liabilities
Accounts Payable	2.88	1.23	0.23	0.11	0.11
Short-Term Debt	30.00	12.33	12.57	-	8.83
Current Portion of Long-Term Debt	30.00	12.33	12.57	8.83	-
Other Current Liabilities	-	3.29	3.68	-	-
Total Current Liabilities	32.88	16.85	16.48	8.94	8.94
Non-Current Liabilities
Long-Term Debt	141.00	0.61	27.09	6.31	6.31
Deferred Tax Liabilities	10.17	1.46	0.40	-	0.21
Other Non-Current Liabilities	10.17	1.46	0.40	0.21	-
Total Non-Current Liabilities	151.17	2.07	27.49	6.53	6.53
Total Liabilities	184.05	18.92	43.97	15.47	15.47
Stockholders' Equity
Common Stock	217.43	215.76	118.29	66.83	66.83
Retained Earnings	12.37	-7.97	-5.52	-2.40	-2.40
Accumulated Other Comprehensive Income	-0.98	-1.23	-1.42	-1.49	-1.49
Shares Outstanding	93.41	92.84	92.84	-	92.84
Total Stockholders' Equity	233.96	211.33	113.77	63.74	63.74
Total Liabilities & Equity	418.01	230.25	157.74	-	79.21

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

Frequently Asked Questions About Versamet Royalties Balance Sheet

How much debt does Versamet Royalties have?

Versamet Royalties had total debt of $171.00M as of Dec 31, 2025, against $3.71M in cash and short-term investments. Its debt-to-equity ratio was 0.73. Total debt was $12.94M a year earlier.

What are Versamet Royalties's total assets?

Versamet Royalties reported total assets of $418.01M as of Dec 31, 2025, up 81.5% from $230.25M a year earlier. Total liabilities were $184.05M.

What is Versamet Royalties's shareholders' equity?

Versamet Royalties's shareholders' equity was $233.96M as of Dec 31, 2025, or about $2.50 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