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KGCKinross Gold Corporation
$24.25$29.0B
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HomeStocksKGCBalance Sheet

Kinross Gold Corporation (KGC) Balance Sheet

30Y historyFree accessUpdated daily

The company has fortified its financial position by reducing total debt to $740.9 million while simultaneously growing cash reserves to $2.2 billion as of 2026Q1.

KGC Balance Sheet

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly
MetricTTMDec'25Dec'24Dec'23Dec'22Dec'21Dec'20Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07Dec'06Dec'05Dec'04Dec'03Dec'02Dec'01Dec'00Dec'99Dec'98Dec'97Dec'96
Total Current Assets3.69B3.28B2.03B1.69B1.73B1.95B2.45B1.82B1.6B2.28B2.08B2.29B2.59B2.41B3.6B3.12B2.66B1.39B1.12B933.7M293M241.9M203.6M402.3M246.2M138.7M156.3M215.1M264.6M246.5M261.74M
Cash & Short-Term Investments2.21B1.75B621.33M360.35M428.01M542.17M1.22B590.3M365.5M1.05B854.7M1.05B1.02B798.6M2.06B1.83B1.6B701M561.3M563.6M155.4M98.9M55.3M245.9M170.7M81M80.7M118.68M154.65M209.01M201.18M
Cash Only2.21B1.75B621.33M360.35M428.01M542.17M1.22B590.3M361.7M1.04B838.6M1.05B1.02B793.5M557.6M823.4M875.4M377.1M346.9M71.4M155.4M98.9M49.3M245.8M170.6M81M77.8M113.91M153.43M190.33M200.59M
Short-Term Investments000000003.8M17M16.1M0200K5.1M1.5B1.01B726.7M323.9M214.4M492.2M006M100K100K02.9M4.77M1.23M18.68M584K
Accounts Receivable129.42M84.05M45.47M47.85M99.35M89.58M84.6M119.7M131M84.6M191.3M181.1M192.5M180.3M197.3M205.5M228.6M77.1M61.5M87.2M17.8M1.8M10.1M12.1M15.5M13.8M30.1M44.31M55.36M15.74M30.79M
Days Sales Outstanding3.654.283.224.1210.512.587.3312.4914.889.3520.1121.6620.2717.4116.7219.5227.7211.6713.8829.127.170.915.537.7220.5617.840.5453.275.0733.1754.89
Inventory1.32B1.37B1.24B1.15B1.07B1.15B1.07B1.05B1.05B1.09B986.8M1.01B1.28B1.32B1.26B976.2M731.6M554.4M437.1M242.8M99.5M115.2M111M109.2M38.9M42.4M44.8M52.12M54.59M21.75M29.77M
Days Inventory Outstanding131.86132.42138.66135.93133.07203.86204.27179.03145.84153.72120.93106.92113.7380.4475.7870.59148.31133.68149.48132.8366.3877.1590.3198.9576.1782.0681.3586.2496.4155.9776.61
Other Current Assets30.6M35.93M72.86M87.55M93.16M132.92M46M35.7M28.1M30.8M26M34.4M60.6M86.1M49.3M55.1M55.8M31.7M21.5M23.1M15.5M19.5M23.2M28M21.1M1.5M700K01K0-1K
Total Non-Current Assets9.24B9.11B8.83B8.8B8.67B8.47B8.48B7.25B6.47B5.87B5.9B5.44B6.36B7.88B11.28B13.39B15.13B6.62B6.23B5.76B1.73B1.46B1.63B1.39B351.8M438.9M543.7M667.28M850.2M214.54M271.96M
Property, Plant & Equipment8.34B8.27B7.96B7.92B7.74B7.61B7.65B6.36B5.52B4.89B4.92B4.6B5.43B6.63B9.17B9.14B7.91B4.99B4.75B3.48B1.33B1.06B1.24B1.01B330M415M505.6M632.59M809.83M196.91M252.77M
Fixed Asset Turnover0.97x0.87x0.65x0.54x0.45x0.34x0.55x0.55x0.58x0.67x0.71x0.66x0.64x0.57x0.47x0.42x0.38x0.48x0.34x0.31x0.68x0.68x0.54x0.57x0.83x0.68x0.54x0.48x0.33x0.88x0.81x
Goodwill00000158.59M158.8M158.8M162.7M162.7M162.7M162.7M162.7M308M1.14B3.42B5.98B1.18B1.18B2.01B293.4M321.2M000000000
Intangible Assets0000000000000000377.9M00000329.9M918M0000000
Long-Term Investments876.6M231.48M141.02M62.58M293.07M255.85M290.9M320.1M357.5M488.4M459.7M401.9M476.8M545.6M756M680.4M726.6M335.5M231M223.9M61.6M30.7M33.6M-835.8M00020.23M24.77M017M
Other Non-Current Assets625.35M575.25M723.47M806.15M630.11M439.4M377.6M382.1M378.6M294.8M261.3M201.8M188.2M234.3M177.7M130.8M128.7M117M33.9M14M15.7M25.1M23M-537.7M21.8M23.9M38.1M14.47M15.6M17.63M2.19M
Total Assets12.93B12.39B10.86B10.49B10.39B10.41B10.93B9.08B8.06B8.16B7.98B7.74B8.95B10.29B14.88B16.51B17.8B8.01B7.35B6.7B2.02B1.7B1.83B2.14B598M577.6M700M882.39M1.11B461.04M533.7M
Asset Turnover0.65x0.58x0.47x0.40x0.33x0.25x0.39x0.39x0.40x0.40x0.44x0.39x0.39x0.37x0.29x0.23x0.17x0.30x0.22x0.16x0.45x0.43x0.36x0.27x0.46x0.49x0.39x0.34x0.24x0.38x0.38x
Asset Growth %52.9%14.08%3.53%0.94%-0.21%-4.75%20.46%12.55%-1.15%2.23%3.15%-13.58%-12.98%-30.88%-9.85%-7.23%122.07%8.97%9.82%230.81%19.2%-7.42%-14.39%258.28%3.53%-17.49%-20.67%-20.85%141.8%-13.61%85.17%
Total Current Liabilities1.3B1.4B1.06B681.99M751.16M740.4M1.35B615.5M612.4M585.3M637.7M701.8M604.4M712.9M1.31B795.7M976.1M638M551.5M407.4M207.7M177.9M176M150M73.8M76.7M81.6M90.48M80.43M17M24.52M
Accounts Payable667.39M129.36M83.85M113.12M119.05M87.68M89.1M89.3M89.1M77.4M86.8M75.2M86.9M118.3M129M151M150.6M92.5M150M89.2M49.1M41.8M33.1M101.9M35.5M31M40.8M50.53M49.48M15.53M21.02M
Days Payables Outstanding60.212.529.3613.414.7815.5516.9615.1712.3510.8710.6487.747.197.7710.9230.5322.351.348.832.7627.9926.9392.3469.5159.9974.0983.6287.439.9654.07
Short-Term Debt00204.48M10.05M60.47M59.62M528.1M16M000249.5M60M60M516.2M32.7M48.4M177M167.1M76M17.9M9.4M6M29.4M033.1M00000
Deferred Revenue (Current)0000000000000000000000000000000
Other Current Liabilities84.98M449.98M378.57M332.39M353.44M364.01M469.4M308.9M385.4M341.8M351.7M272.5M326.5M388.7M460.9M458.1M635M299M203.9M130.8M104.2M101.1M92.4M-10.7M15M12.6M9.3M12.72M5.88M0-73K
Current Ratio2.84x2.35x1.91x2.47x2.30x2.63x1.82x2.96x2.61x3.90x3.26x3.27x4.28x3.37x2.76x3.92x2.73x2.18x2.04x2.29x1.41x1.36x1.16x2.68x3.34x1.81x1.92x2.38x3.29x14.50x10.68x
Quick Ratio1.83x1.37x0.74x0.79x0.87x1.08x1.02x1.25x0.89x2.03x1.72x1.83x2.17x1.52x1.79x2.69x1.98x1.31x1.25x1.70x0.93x0.71x0.53x1.95x2.81x1.26x1.37x1.80x2.61x13.22x9.46x
Cash Conversion Cycle75.31124.17132.53126.65128.78200.9194.64176.36148.37152.2130.4120.58126.2690.6684.7379.19145.5123.05112.07113.1540.850.0668.9114.3427.2239.8747.855.8384.0849.1977.42
Total Non-Current Liabilities2.38B2.31B2.8B3.65B3.76B3.03B2.92B3.13B2.92B2.95B3.16B3.1B3.46B3.48B3.65B3.24B2.03B1.68B1.96B1.43B333.5M427M354.8M177.1M105.3M172.1M184.8M225.54M256.4M87.3M83.19M
Long-Term Debt740.93M757.12M1.23B2.22B2.56B1.59B1.42B1.84B1.74B1.73B1.73B1.73B2B2.06B2.12B1.6B413.2M492.8M751.8M480.1M65M140M105M700K34.6M59.1M113.2M148.81M168.54M50.64M56.26M
Capital Lease Obligations41.84M20.26M12.39M17.41M23.09M35.05M46.3M38.9M00000003.3M12.8M22.4M32M8M7M9.9M11.9M00-51.1M00000
Deferred Tax Liabilities2.26B536.82M548.67M447.4M301.36M436.21M487.8M304.5M265.2M255.6M390.7M499M469M533.7M676.6M879.1M810M624.6M622.3M465.9M143.8M144.1M055.6M3.3M3.3M3.5M7.33M6.91M7.7M19.56M
Other Non-Current Liabilities1.03B998.98M1.01B967.33M880.8M973.98M963.5M947.1M923.9M964.5M1.03B869.5M988.1M890.6M857.5M762.9M789.8M543M552.7M260.3M-21.9M-6.6M129.8M105.2M52M58.6M68.1M69.4M80.94M28.96M7.37M
Total Liabilities3.67B3.71B3.86B4.34B4.51B3.77B4.27B3.74B3.54B3.54B3.79B3.8B4.06B4.2B4.96B4.04B3B2.32B2.51B1.83B541.2M604.9M530.8M327.1M179.1M248.8M266.4M316.02M336.82M104.3M107.7M
Total Debt740.93M777.38M1.45B2.25B2.64B1.68B2B1.89B1.74B1.73B1.73B1.98B2.06B2.12B2.63B1.63B474.4M692.2M950.9M564.1M89.9M159.3M122.9M59.5M57.9M92.2M144.7M176.05M193.61M52.11M59.84M
Net Debt-1.47B-975.22M830.31M1.89B2.21B1.14B774M1.3B1.37B694.7M894.6M927M1.03B1.33B2.08B809.7M-401M315.1M604M492.7M-65.5M60.4M73.6M-186.3M-112.7M11.2M66.9M62.14M40.18M-138.22M-140.76M
Debt / Equity0.08x0.09x0.21x0.37x0.45x0.25x0.30x0.35x0.38x0.38x0.41x0.50x0.42x0.35x0.27x0.13x0.03x0.12x0.20x0.12x0.06x0.15x0.09x0.03x0.14x0.28x0.33x0.31x0.25x0.15x0.14x
Debt / EBITDA0.15x0.18x0.54x1.26x2.93x2.19x0.73x1.10x1.78x1.50x1.92x12.80x----0.38x0.63x-1.58x0.29x-0.68x0.41x0.83x1.10x----1.15x
Net Debt / EBITDA-0.30x-0.23x0.31x1.06x2.45x1.49x0.28x0.76x1.41x0.60x0.99x5.99x-----0.32x0.29x-1.38x-0.21x-0.40x-1.29x-1.61x0.13x-----2.69x
Interest Coverage58.61x37.23x30.33x11.27x2.56x2.18x21.07x13.53x2.57x5.84x0.41x-11.43x-24.33x-116.12x-91.40x-33.52x25.84x30.93x-7.77x------------
Total Equity9.25B8.68B7B6.15B5.88B6.64B6.66B5.33B4.53B4.62B4.18B3.93B4.89B6.09B9.93B12.47B14.79B5.69B4.84B4.86B1.48B1.09B1.3B1.82B418.9M328.8M433.6M566.37M777.98M356.75M426M
Equity Growth %88.68%24.04%13.69%4.67%-11.46%-0.34%24.95%17.79%-1.99%10.39%6.38%-19.6%-19.67%-38.65%-20.41%-15.7%159.88%17.53%-0.38%227.86%35.65%-16.13%-28.2%333.37%27.4%-24.17%-23.44%-27.2%118.08%-16.26%76.38%
Book Value per Share7.687.095.674.984.595.235.254.223.623.673.413.434.275.338.7110.9817.848.177.708.594.203.173.775.363.542.954.365.8710.269.1210.11
Total Shareholders' Equity9.13B8.56B6.86B6.05B5.82B6.57B6.6B5.32B4.51B4.58B4.15B3.89B4.84B6.01B9.85B12.39B14.53B5.56B4.79B4.85B1.48B1.09B1.3B1.81B418.9M328.8M433.6M566.37M777.98M356.75M426M
Common Stock4.38B4.37B4.48B4.46B4.45B4.42B4.47B14.93B14.91B14.9B14.89B14.6B14.59B14.74B14.69B14.66B14.58B6.45B5.87B5.12B2B1.78B1.78B00000000
Retained Earnings-5.17B-5.93B-8.18B-8.94B-9.25B-8.48B-8.56B-9.83B-10.55B-10.58B-11.03B-10.92B-9.94B-8.77B-4.94B-2.25B-51.5M-838.1M-1.1B-253.1M-587.1M-752.9M-536.9M-429.1M-761.4M-726M-681.4M-541.07M-296.38M-45.05M44M
Treasury Stock0000000000000000000000000000000
Accumulated OCI31.5M-299.45K-87.35M-60.99M-41.68M-18.77M-23.7M-20.4M-98.5M21.1M39.1M-31.3M-46.1M-36.5M4.9M-97.7M-179.3M-220.1M-164.4M-98.1M-1.2M-1.2M-1.2M28M121.8M109.1M106.9M98.84M78.75M86.32M89.68M
Minority Interest123M117.89M138.92M101.48M58.47M68.61M66.5M14.1M20.6M35.6M38.8M43.9M48.8M75.9M75.5M80.3M262.2M132.9M56.3M14M0300K400K700K0000000

Key Metrics

Growth RegimeExpanding
ProfitabilityStrong
Balance SheetFortress
Cash FlowRobust
Top Statement Risk

Jurisdictional and commodity volatility

Rapid Deleveraging and Liquidity Expansion

As reported in recent financial statements, Kinross Gold has significantly strengthened its balance sheet, with cash reserves surging to $2.2 billion in 2026Q1 from $360.3 million in 2023Q4, while simultaneously reducing total debt from $2.2 billion to $740.9 million over the same ten-quarter period.

The trajectory indicates a deliberate shift toward financial conservatism, likely aimed at insulating the firm against commodity price volatility. This rapid accumulation of liquidity suggests management is prioritizing balance sheet flexibility to fund future development projects like Great Bear without relying on external capital markets.

Strategic Debt Reduction Enhances Solvency

Based on the company's quarterly filings, the debt-to-equity ratio has compressed dramatically from 0.37 in 2023Q4 to a nominal 0.08 in 2026Q1, reflecting a disciplined approach to capital structure management that significantly lowers the firm's interest burden and overall financial risk profile.

This reduction in leverage appears to be a strategic response to the cyclical nature of gold mining, providing the company with a substantial buffer against potential downturns. Investors should monitor whether this low-debt posture is maintained as the company advances its capital-intensive growth pipeline in Ontario.

Robust Liquidity Buffer Against Shocks

According to the latest balance sheet data, Kinross Gold's current ratio has improved to 2.84 in 2026Q1, up from 2.47 in 2023Q4, demonstrating a superior ability to meet short-term obligations and providing a significant safety margin for ongoing operational requirements across its global mining portfolio.

The current liquidity position appears more than adequate to cover near-term operational needs and potential inflationary pressures on input costs. This strong cash position may indicate that the company is well-positioned to pursue opportunistic acquisitions or accelerate internal development projects without compromising its financial stability.

Equity Quality Improving Through Retained Earnings

As indicated by the company's reported figures, equity has expanded to $9.1 billion in 2026Q1 from $6.1 billion in 2023Q4, a trend largely driven by the narrowing of negative retained earnings as the firm successfully translates operational cash flow into long-term shareholder value.

The steady improvement in retained earnings suggests that the company is effectively recovering from past capital allocation missteps and historical write-downs. This trend warrants further investigation to ensure that future growth investments do not lead to a reversal of this positive equity accumulation trajectory.

KGC — Frequently Asked Questions

Quick answers to the most common questions about buying KGC stock.

What are the total assets of Kinross Gold Corporation (KGC)?

As of 2025, Kinross Gold Corporation (KGC) had total assets of $12.39B including $3.28B in current assets.

How much debt does Kinross Gold Corporation (KGC) have?

Kinross Gold Corporation (KGC) carries total debt of $777.4M, offset by $1.75B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Kinross Gold Corporation?

Kinross Gold Corporation (KGC) has total shareholders' equity (book value) of $8.56B ($7.09 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Kinross Gold Corporation's current ratio and liquidity?

Kinross Gold Corporation (KGC) reported a current ratio of 2.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.