The company has successfully eliminated all long-term debt, moving from a 0.10 debt-to-equity ratio in 2024Q2 to a debt-free position by 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|
| Total Current Assets | 184.95M | 173.02M | 79.19M | 45.06M | 76.96M | 77.53M | 85.31M | 95.34M | 81.52M | 219.64M | 238.53M | 231.41M | 170.89M | 192.04M | 99.13M | 129.78M | 292.27M | 61.22M | 96.35M | 269.54M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | -89.82K | 14.66M | 13.5M | 8.72M | 6.79M | 9.2M | 12.98M | 18.68M | 30.37M | 10.46M | 41.73M | 53.67M | 62.58M | 3.94M | 2.74M | 2.02M | 2.24M | 657.36K | 341.31K |
| Total Non-Current Assets | 320.98M | 351.37M | 309.61M | 333.78M | 306.79M | 288.35M | 292.04M | 229.6M | 232.88M | 106.29M | 88.85M | 81.25M | 243.7M | 235.96M | 278.07M | 262.52M | 49.72M | 32.08M | 5.08M | 14.08M |
| Property, Plant & Equipment | 20.87M | 21.22M | 19.18M | 10.86M | 12.5M | 16.48M | 16.61M | 16.23M | 9.06M | 4.21M | 4.7M | 4.57M | 5.4M | 6.58M | 7.3M | 5.02M | 3.7M | 4.1M | 3.86M | 3.99M |
| Fixed Asset Turnover | 18.12x | 13.89x | 8.78x | 13.03x | 12.35x | 10.01x | 6.89x | 0.70x | 1.25x | 2.94x | 2.24x | 2.95x | 3.22x | 15.66x | 19.56x | 32.44x | 87.19x | 25.02x | 35.30x | 57.64x |
| Goodwill | 0 | 13.94M | 19.15M | 19.15M | 19.15M | 19.15M | 19.15M | 19.15M | 19.17M | 19.1M | 19.13M | 19.1M | 43.44M | 43.56M | 126.39M | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 199.86M | 133.35M | 168.25M | 182.9M | 178.61M | 170.06M | 155.97M | 114.08M | 108.9M | 13.08M | 17.16M | 10.79M | 27.73M | 30.61M | 45.49M | 9.99M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 286.63M | 76.5M | 72.85M | 93.53M | 73.57M | 68.77M | 82.47M | 55.59M | 75.3M | 39.57M | 41.7M | 34.3M | 96.99M | 87.74M | 77.12M | 76.87M | 41.88M | 13.05M | 0 | 10.1M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 505.93M | 524.39M | 388.8M | 378.83M | 383.75M | 365.87M | 377.35M | 324.94M | 314.39M | 325.92M | 327.37M | 312.66M | 414.59M | 428M | 377.2M | 392.3M | 341.98M | 93.3M | 101.42M | 283.62M |
| Asset Turnover | 0.80x | 0.56x | 0.43x | 0.37x | 0.40x | 0.45x | 0.30x | 0.04x | 0.04x | 0.04x | 0.03x | 0.04x | 0.04x | 0.24x | 0.38x | 0.42x | 0.94x | 1.10x | 1.34x | 0.81x |
| Asset Growth % | 87.08% | 34.88% | 2.63% | -1.28% | 4.89% | -3.04% | 16.13% | 3.36% | -3.54% | -0.44% | 4.71% | -24.59% | -3.13% | 13.47% | -3.85% | 14.71% | 266.54% | -8.01% | -64.24% | - |
| Total Current Liabilities | 0 | 97.54M | 30.28M | 21.45M | 25.75M | 28.12M | 47.24M | 35.17M | 38.16M | 51.33M | 56.57M | 49.74M | 45.37M | 21.72M | 32.29M | 80.42M | 126.62M | 20.11M | 36.09M | 141.94M |
| Accounts Payable | 0 | 9.87M | 7.61M | 12.65M | 10.7M | 9.36M | 29.7M | 23.62M | 32.11M | 12.57M | 18.22M | 16.44M | 24.41M | 12.35M | 13.78M | 10.19M | 78.64M | 13.12M | 22.54M | 132.73M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.83M | 5.5M | 7.87M | 0 | 0 | 12.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 26.51M | 0 | 0 | 0 | 0 | 0 | 0 | -6.83M | -1.8M | 22.18M | 24.65M | 4.1M | -1.41M | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | - | 1.77x | 2.62x | 2.10x | 2.99x | 2.76x | 1.81x | 2.71x | 2.14x | 4.28x | 4.22x | 4.65x | 3.77x | 8.84x | 3.07x | 1.61x | 2.31x | 3.04x | 2.67x | 1.90x |
| Quick Ratio | - | 1.77x | 2.62x | 2.10x | 2.99x | 2.76x | 1.81x | 2.71x | 2.14x | 4.28x | 4.22x | 4.65x | 3.77x | 8.84x | 3.07x | 1.61x | 2.31x | 3.04x | 2.67x | 1.90x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 124.63M | 61M | 34.87M | 51.68M | 80.72M | 46.54M | 39.12M | 18.15M | 2.29M | 1.14M | 2.73M | 4.76M | 8.62M | 11.55M | 25.55M | 16.64M | 1.77M | 470.82K | 0 | 2.24M |
| Long-Term Debt | 0 | 0 | 0 | 24.24M | 54.44M | 29.77M | 16.99M | 11.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 124.63M | 158.53M | 65.15M | 73.13M | 106.48M | 74.65M | 86.36M | 53.31M | 40.45M | 52.47M | 59.3M | 54.5M | 53.98M | 33.27M | 57.84M | 97.06M | 128.39M | 20.58M | 36.09M | 144.18M |
| Total Debt | 0 | 0 | 0 | 24.24M | 54.44M | 29.77M | 16.99M | 15.31M | 5.5M | 7.87M | 0 | 0 | 12.92M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -169.09M | -117.92M | -46.83M | 3.58M | 2.76M | -20.04M | -27.11M | -39.43M | -30.65M | -116.28M | -92.22M | -77.55M | -91.12M | -108.63M | -77.8M | -117.05M | -81.2M | -46.81M | -73.86M | -95.22M |
| Debt / Equity | 0.00x | - | - | 0.08x | 0.20x | 0.10x | 0.06x | 0.06x | 0.01x | 0.03x | - | - | 0.04x | - | - | - | - | - | - | - |
| Debt / EBITDA | 0.00x | - | - | 0.59x | 1.07x | 0.47x | 0.39x | 0.91x | 0.21x | 0.20x | - | - | 0.44x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | -1.40x | -1.18x | -0.75x | 0.09x | 0.05x | -0.31x | -0.63x | -2.35x | -1.20x | -2.94x | -2.74x | - | -3.08x | -1.16x | -1.59x | -1.81x | -0.47x | -1.06x | -1.13x | -1.74x |
| Interest Coverage | 94.69x | 74.94x | 23.32x | 13.39x | 9.58x | 39.92x | 29.02x | - | - | - | - | - | - | - | - | - | - | - | - | 46.83x |
| Total Equity | 381.3M | 367.25M | 323.65M | 305.7M | 277.27M | 291.22M | 290.98M | 271.63M | 373.12M | 273.45M | 268.07M | 258.16M | 360.61M | 394.73M | 319.36M | 295.24M | 213.59M | 72.72M | 65.34M | 139.44M |
| Equity Growth % | 44.14% | 13.47% | 5.87% | 10.25% | -4.79% | 0.08% | 7.12% | -27.2% | 36.45% | 2.01% | 3.84% | -28.41% | -8.65% | 23.6% | 8.17% | 38.23% | 193.73% | 11.29% | -53.14% | - |
| Book Value per Share | 20.56 | 14.22 | 12.51 | 11.73 | 10.59 | 11.24 | 11.29 | 10.58 | 14.63 | 11.11 | 10.83 | 10.53 | 14.49 | 19.15 | 18.70 | 17.56 | 14.24 | 4.85 | 4.51 | 10.55 |
| Total Shareholders' Equity | 381.3M | 367.25M | 323.65M | 305.7M | 277.27M | 291.22M | 290.98M | 271.63M | 373.12M | 273.45M | 268.07M | 258.16M | 360.61M | 394.73M | 319.36M | 295.24M | 213.59M | 72.72M | 65.34M | 139.44M |
| Common Stock | 449.55M | 448.57M | 450.13M | 434.76M | 428.48M | 417.43M | 417.76M | 407.9M | 303.18M | 312.17M | 305.95M | 297.14M | 357.21M | 385.45M | 216.59M | 204.13M | 0 | 0 | 0 | 0 |
| Retained Earnings | -14.59M | -33.45M | -67.25M | -89.4M | -105.31M | -97.01M | -104.48M | -108.22M | -117.2M | -94.05M | -126.26M | -92.28M | -50.53M | -45.31M | 58.91M | 46.07M | 141.67M | 30.77M | 31.13M | 124.38M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -88.29M | -82.94M | -95.49M | -74.94M | -79.61M | -64.56M | -65.6M | -71.21M | -81.81M | 23.6M | 24.96M | 25.37M | 17.57M | 11.7M | 822.25K | 5.03M | -4M | -3.09M | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Commodity cycle dependency
As reported in recent financial statements, Sprott Inc. has seen total assets grow from $378.8M in 2023Q4 to $505.9M by 2026Q1, signaling a strengthening balance sheet trajectory that appears driven by successful capital accumulation and the scaling of its specialized physical trust management platform.
The consistent expansion of the asset base suggests that the firm is effectively capturing market share within its niche commodity segments. This growth trajectory appears to be self-reinforcing, as the firm's ability to attract AUM directly translates into a larger, more liquid balance sheet that provides greater flexibility for future strategic initiatives.
Based on the company's reported figures, Sprott Inc. has successfully eliminated its long-term debt, moving from a debt-to-equity ratio of 0.10 in 2024Q2 to a debt-free position by 2026Q1, which significantly enhances the durability of its cash flows against commodity market volatility.
The transition to a debt-free capital structure indicates a conservative approach to financial risk management, likely intended to insulate the firm from the cyclical nature of the mining and precious metals sectors. This lack of leverage suggests that the firm is well-positioned to navigate potential downturns without the burden of interest obligations.
According to quarterly filings, Sprott Inc.'s cash reserves have surged to $175.1M as of 2026Q1, representing a substantial increase from the $22.9M reported in 2023Q4, which provides a significant liquidity buffer to support ongoing operations and potential opportunistic investments in the mining sector.
The rapid accumulation of cash suggests that the firm is generating significant excess liquidity beyond its operational requirements and dividend commitments. This liquidity profile appears to offer a robust defense against market shocks, allowing the firm to maintain its strategic focus even during periods of reduced transactional activity in its brokerage segment.
As indicated by the 2026Q1 balance sheet, goodwill has risen to $199.9M, a sharp increase from the $13.9M reported in 2025Q4, which warrants further investigation into the potential for future impairment risks should the acquired business units fail to meet performance expectations.
The significant jump in goodwill suggests recent inorganic growth activity that may have introduced valuation risks to the balance sheet. Investors should monitor whether these intangible assets are supported by the long-term earnings power of the acquired entities, as any shortfall could necessitate non-cash write-downs that would impact reported equity.
Quick answers to the most common questions about buying SII stock.
As of 2025, Sprott Inc. (SII) had total assets of $524.4M including $173.0M in current assets.
Sprott Inc. (SII) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Sprott Inc. (SII) has total shareholders' equity (book value) of $367.2M ($14.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Sprott Inc. (SII) reported a current ratio of 1.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.