The company's financial position is precarious, evidenced by a current ratio of 0.13 and retained earnings that have deepened to negative $200.6 million.
| Total Current Assets | 8.31M | 3.74M | 234.63K | 181K | 25.01K |
| Cash & Short-Term Investments | 7.3M | 1.26M | 137.45K | 136.1K | 25.01K |
| Cash Only | 7.3M | 1.26M | 823.95K | 1.05M | 25.01K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 47.89K | 0 | 92.87K | 40.77K | 109.77K |
| Days Sales Outstanding | 31.18 | - | 304.79 | - | - |
| Inventory | 0 | 0 | -89.84K | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - |
| Other Current Assets | 0 | 837.93K | 33.73K | 0 | -109.77K |
| Total Non-Current Assets | 163.41M | 55.61M | 159.76M | 158.14M | 91.48K |
| Property, Plant & Equipment | 39.74M | 35.25M | 7.55K | 14K | 6.78K |
| Fixed Asset Turnover | 0.01x | 0.00x | 14.72x | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 108.21M | 5.34M | 159.76M | 158.11M | 0 |
| Other Non-Current Assets | 15.47M | 15.02M | -7.55K | 21.66K | 84.7K |
| Total Assets | 171.72M | 59.35M | 160.64M | 159.55M | 116.49K |
| Asset Turnover | 0.00x | 0.00x | 0.00x | - | - |
| Asset Growth % | 189.33% | -63.05% | 0.68% | 136868.21% | - |
| Total Current Liabilities | 64.79M | 55.39M | 3.31M | 304.56K | 93.26K |
| Accounts Payable | 2.91M | 6.41M | 410.44K | 304.3K | 554.23K |
| Days Payables Outstanding | 94.43K | 89.92K | - | - | - |
| Short-Term Debt | 5.85M | 4.27M | 153.13K | 153.13K | 72.81K |
| Deferred Revenue (Current) | 0 | 0 | -2.46M | -304.3K | -554.23K |
| Other Current Liabilities | 40.84M | 38.53M | 5.14M | 151.18K | 20.45K |
| Current Ratio | 0.13x | 0.07x | 0.07x | 0.59x | 0.27x |
| Quick Ratio | 0.13x | 0.07x | 0.10x | 0.59x | 0.27x |
| Cash Conversion Cycle | - | - | - | - | - |
| Total Non-Current Liabilities | 15.01M | 15.02M | 8.15M | 8.15M | 0 |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 14.21K | 23.8K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 15M | 8.15M | 0 | 0 |
| Total Liabilities | 79.8M | 70.42M | 9.9M | 8.56M | 93.26K |
| Total Debt | 5.88M | 4.3M | 153.13K | 153.13K | 72.81K |
| Net Debt | -1.42M | 3.04M | -670.82K | -893.52K | 47.8K |
| Debt / Equity | 0.06x | - | 0.00x | 0.00x | 3.13x |
| Debt / EBITDA | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - |
| Interest Coverage | -82.34x | -0.08x | - | - | -3824.92x |
| Total Equity | 91.92M | -11.07M | 150.74M | 151M | 23.23K |
| Equity Growth % | 930.7% | -107.34% | -0.17% | 649962.38% | - |
| Book Value per Share | 0.99 | -0.14 | 6.92 | 6.94 | 0.00 |
| Total Shareholders' Equity | 91.92M | -11.07M | 150.74M | 30.38M | 23.23K |
| Common Stock | 144.2K | 120.41K | 159.76M | 39.41K | 372 |
| Retained Earnings | -200.56M | -148.69M | -9.02M | -3.79M | -2.64K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 94.75M | 86.11M | 40.88M | 34.13M | 31.8M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
Insufficient Capital for Development
According to recent SEC filings, CRML's balance sheet reflects a precarious trajectory, with retained earnings deepening to negative $200.6 million as of 2025Q4, signaling that the company's ongoing exploration and administrative activities continue to erode shareholder equity without the offset of meaningful commercial revenue generation.
The persistent accumulation of losses suggests that the company is consuming its capital base to fund pre-production development rather than building intrinsic value. Investors should monitor whether the recent stabilization in total assets at $171.7 million represents a genuine pivot toward project maturity or merely a temporary plateau in asset valuation.
As reported in financial statements, CRML maintains a current ratio of 0.13 as of 2025Q4, which indicates a severe mismatch between short-term obligations and available cash, leaving the firm with minimal buffer to navigate the high-cost environment required for its Austrian lithium project development.
The extremely low current ratio suggests that the company may face significant challenges in meeting near-term liabilities without immediate external financing. This liquidity profile appears to necessitate further capital raises, which may result in additional dilution for existing shareholders given the current cash-burning operational model.
Based on CRML's reported figures, the asset base is heavily concentrated in non-current mining assets, with net PPE of $39.7 million as of 2025Q4, confirming that the company's value is tied entirely to the long-term potential of its Austrian spodumene project rather than liquid operational assets.
The lack of significant liquid assets relative to the scale of the Wolfsberg project suggests that the company remains in a high-risk development phase. The absence of goodwill on the balance sheet is a positive indicator of accounting transparency, though it does not mitigate the inherent geological and permitting risks associated with these mining assets.
Data from recent filings reveals that the company's reliance on debt, while currently low at a 0.06 debt-to-equity ratio, masks a fundamental inability to self-fund, as the $7.3 million cash balance is insufficient to cover the capital-intensive construction phase required for full-scale lithium production.
The headline debt-to-equity ratio may provide a false sense of security, as it ignores the massive, inevitable capital expenditure requirements that will likely force the company to take on significant debt or issue equity at unfavorable terms. Investors should be wary of the potential for future financing to significantly alter the current capital structure.
Quick answers to the most common questions about buying CRML stock.
As of 2025, Critical Metals Corp. (CRML) had total assets of $171.7M including $8.3M in current assets.
Critical Metals Corp. (CRML) carries total debt of $5.9M, offset by $7.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Critical Metals Corp. (CRML) has total shareholders' equity (book value) of $91.9M ($0.99 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Critical Metals Corp. (CRML) reported a current ratio of 0.13x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.