The company maintains a pristine financial position with total debt reduced to $1.4 million and a strong current ratio of 6.31 as of 2026Q1.
| Total Current Assets | 242.97M | 152.52M | 75.64M | 57.04M | 90.61M | 72.43M | 58.57M | 44.62M | 41.02M | 23.55M | 688.34K |
| Cash & Short-Term Investments | 210.39M | 122.02M | 39.26M | 23.63M | 81M | 54.34M | 48.21M | 31.9M | 25.03M | 15.04M | 574.76K |
| Cash Only | 144.79M | 28.98M | 36.24M | 17.38M | 71.1M | 40.67M | 20.64M | 10.77M | 9.33M | 3.18M | 574.76K |
| Short-Term Investments | 65.6M | 93.04M | 3.01M | 6.25M | 9.91M | 13.67M | 27.58M | 21.13M | 15.7M | 11.86M | 0 |
| Accounts Receivable | 30.09M | 25.3M | 17.64M | 23.13M | 8.3M | 16.07M | 10.12M | 7.72M | 10.32M | 7.19M | 0 |
| Days Sales Outstanding | 14.79 | 23.35 | 23.93 | 41.38 | 19.94 | 39.01 | 32.8 | 47.67 | 87.54 | 63.98 | - |
| Inventory | 2.15M | 4.66M | 3.83M | 1.39M | 0 | 1.37M | 0 | 2.07M | 4.37M | 925.56K | 0 |
| Days Inventory Outstanding | 5.35 | 13.25 | 36.62 | 4.98 | - | 7.46 | - | 16.08 | 38.18 | 76.14 | - |
| Other Current Assets | 337.11K | 0 | 0 | 0 | 0 | 0 | 0 | 2.93M | 0 | 394.77K | 113.58K |
| Total Non-Current Assets | 1.98B | 1.96B | 1.69B | 1.84B | 1.25B | 1.23B | 1.24B | 613.34M | 524.46M | 394.93M | 250.62M |
| Property, Plant & Equipment | 1.91B | 1.89B | 1.65B | 1.77B | 1.23B | 1.23B | 1.23B | 607.48M | 522.84M | 394.8M | 250.49M |
| Fixed Asset Turnover | 0.32x | 0.21x | 0.16x | 0.12x | 0.12x | 0.12x | 0.09x | 0.10x | 0.08x | 0.10x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 5K | 35K | 65K | 95K | 125.32K | 78.12K |
| Long-Term Investments | 120.72M | 57.37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.67M | 2.86M | 39.25M | 55.03M | 15.64M | 1.8M | 9.89M | 5.8M | 1.53M | 0 | 57.58K |
| Total Assets | 2.23B | 2.11B | 1.77B | 1.89B | 1.34B | 1.3B | 1.3B | 657.96M | 565.49M | 418.47M | 251.31M |
| Asset Turnover | 0.22x | 0.19x | 0.15x | 0.11x | 0.11x | 0.12x | 0.09x | 0.09x | 0.08x | 0.10x | - |
| Asset Growth % | 64.84% | 19.19% | -6.57% | 41.69% | 2.58% | 0.19% | 97.72% | 16.35% | 35.13% | 66.51% | - |
| Total Current Liabilities | 38.5M | 38.88M | 27.13M | 17.32M | 12.59M | 4.47M | 4.12M | 3.8M | 5.82M | 450.22M | 254.05M |
| Accounts Payable | 32.56M | 5.07M | 2.85M | 628K | 1.03M | 147K | 775K | 674K | 555K | 0 | 0 |
| Days Payables Outstanding | 53.15 | 14.43 | 27.17 | 2.25 | 5.78 | 0.8 | 4.53 | 5.24 | 4.85 | - | - |
| Short-Term Debt | 384.26K | 378.31K | 0 | 0 | 0 | 0 | 252K | 0 | 0 | 445.46M | 253.21M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 14.24M | 4.92M | 811K | 434K | 0 | 2.55M | 0 | 0 | 4.76M | 847.89K |
| Current Ratio | 6.31x | 3.92x | 2.79x | 3.29x | 7.20x | 16.20x | 14.22x | 11.74x | 7.05x | 0.05x | 0.00x |
| Quick Ratio | 6.26x | 3.80x | 2.65x | 3.21x | 7.20x | 15.90x | 14.22x | 11.19x | 6.30x | 0.05x | 0.00x |
| Cash Conversion Cycle | -33.01 | 22.16 | 33.38 | 44.12 | - | 45.66 | - | 58.51 | 120.88 | - | - |
| Total Non-Current Liabilities | 30.95M | 29.26M | 7.13M | 66.41M | 5.97M | 4.32M | 277.86M | 60.54M | 120.11M | 0 | 0 |
| Long-Term Debt | 0 | 1.08M | 0 | 57M | 0 | 0 | 275M | 57M | 119M | 0 | 0 |
| Capital Lease Obligations | 3.22M | 1.08M | 1.37M | 1.76M | 1.64M | 857K | 1.13M | 1.35M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 46.7M | 20.03M | 2.93M | 3.64M | 1.49M | 2.43M | 1.4M | 0 | 1.11M | 0 | 0 |
| Other Non-Current Liabilities | 3.27M | 7.06M | 2.83M | 4.01M | 2.84M | 1.03M | 331K | 2.19M | 0 | 0 | 0 |
| Total Liabilities | 69.45M | 68.14M | 34.26M | 83.72M | 18.55M | 8.79M | 281.98M | 64.34M | 125.93M | 450.22M | 254.05M |
| Total Debt | 1.39M | 2.54M | 1.69M | 59.15M | 1.92M | 1.13M | 276.38M | 58.57M | 119M | 445.46M | 253.21M |
| Net Debt | -143.4M | -26.44M | -34.55M | 41.77M | -69.18M | -39.55M | 255.74M | 47.8M | 109.67M | 442.28M | 252.63M |
| Debt / Equity | 0.00x | 0.00x | 0.00x | 0.03x | 0.00x | 0.00x | 0.27x | 0.10x | 0.27x | - | - |
| Debt / EBITDA | 0.00x | 0.01x | 0.01x | 0.56x | 0.02x | 0.01x | 3.13x | 5.39x | 3.93x | 14.03x | - |
| Net Debt / EBITDA | -0.42x | -0.08x | -0.21x | 0.39x | -0.60x | -0.32x | 2.90x | 4.40x | 3.62x | 13.93x | - |
| Interest Coverage | 99.45x | 54.68x | 3.93x | 5.97x | 19.08x | 9.09x | 6.98x | -3.30x | 1.69x | - | - |
| Total Equity | 2.16B | 2.04B | 1.74B | 1.81B | 1.32B | 1.29B | 1.02B | 593.62M | 439.56M | -31.74M | -2.74M |
| Equity Growth % | 62.21% | 17.62% | -4.14% | 37.34% | 1.84% | 27.06% | 71.65% | 35.05% | 1484.66% | -1058.21% | - |
| Book Value per Share | 10.40 | 10.00 | 8.62 | 9.08 | 8.45 | 8.75 | 6.57 | 3.83 | 2.83 | -0.44 | -0.04 |
| Total Shareholders' Equity | 2.16B | 2.04B | 1.74B | 1.81B | 1.32B | 1.29B | 1.02B | 593.62M | 439.56M | -31.74M | -2.74M |
| Common Stock | 0 | 1.86B | 1.74B | 1.75B | 1.25B | 1.25B | 1.01B | 639.15M | 471.33M | 100 | 100 |
| Retained Earnings | 270.26M | 164.65M | -23.77M | 46.83M | 63.67M | 40.3M | 10.04M | -45.53M | -31.78M | -31.74M | -2.74M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 15.42M | 0 | 0 | 0 | 0 | -243K | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Asset concentration and jurisdiction
According to recent financial statements, TFPM has successfully expanded its total asset base to $2.2 billion as of 2026Q1, a trajectory driven by aggressive portfolio acquisitions that have significantly increased the company's scale while maintaining a remarkably clean balance sheet devoid of long-term debt.
The consistent growth in total assets suggests that management is effectively deploying capital into new mineral interests to offset the natural depletion of existing reserves. This expansion appears to be a deliberate strategy to build scale, which may improve the company's competitive positioning against larger, more established royalty peers.
As reported in quarterly filings, TFPM has maintained a near-zero debt profile, with total debt falling to just $1.4 million in 2026Q1, a position that provides the company with significant financial flexibility to pursue counter-cyclical opportunities without the burden of interest expense or restrictive covenants.
This absence of leverage is a critical differentiator in the capital-intensive mining sector, allowing the company to navigate commodity price volatility without the risk of insolvency. Investors should monitor whether this conservative approach persists as the company continues to scale, as it remains a primary pillar of the firm's financial stability.
Based on the reported 2026Q1 figures, TFPM maintains a strong liquidity position with a current ratio of 6.31 and cash reserves of $144.8 million, providing a substantial buffer against potential operational disruptions or delays in metal deliveries from its underlying mining partners.
The significant improvement in cash levels from the $8.9 million reported in 2025Q3 suggests a successful conversion of royalty and streaming revenue into liquid assets. This liquidity profile appears sufficient to cover short-term obligations and provides the necessary dry powder for opportunistic asset acquisitions in a volatile market.
As indicated by the latest balance sheet data, TFPM's equity base has grown to $2.2 billion in 2026Q1, with retained earnings reaching $270.3 million, signaling a transition toward self-funded growth and a strengthening of the company's internal capital generation capabilities over the past several quarters.
The positive trend in retained earnings suggests that the company is successfully generating value above its operational costs and dividend commitments. This accumulation of equity may reduce the future need for dilutive share issuances, potentially enhancing long-term shareholder value if the current profitability trajectory is sustained.
Quick answers to the most common questions about buying TFPM stock.
As of 2025, Triple Flag Precious Metals Corp. (TFPM) had total assets of $2.11B including $152.5M in current assets.
Triple Flag Precious Metals Corp. (TFPM) carries total debt of $2.5M, offset by $122.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Triple Flag Precious Metals Corp. (TFPM) has total shareholders' equity (book value) of $2.04B ($10.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Triple Flag Precious Metals Corp. (TFPM) reported a current ratio of 3.92x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.