The balance sheet is exceptionally strong with a $328.8M cash position against minimal liabilities, resulting in a current ratio of 5.94 and a debt-to-equity ratio of 0.00.
Uranium Royalty Corp. (UROY) balance sheet — 8-year assets, liabilities & shareholders' equity history
| Metric | TTM | Apr'25 | Apr'24 | Apr'23 | Apr'22 | Apr'21 | Apr'20 | Apr'19 | Apr'18 |
|---|
| Total Current Assets | 169.52M | 238.16M | 231.75M | 138.83M | 134.03M | 50.61M | 43.4M | 30.9M | 2.06M |
| Cash & Short-Term Investments | 160.86M | 20.19M | 30.35M | 52.76M | 56.87M | 37.26M | 42.29M | 30.74M | 2.05M |
| Cash Only | 145.47M | 13.04M | 21.21M | 14.42M | 5.08M | 7.21M | 11.84M | 2.23M | 2.05M |
| Short-Term Investments | 15.39M | 7.15M | 9.14M | 38.34M | 51.79M | 30.05M | 30.46M | 28.51M | 0 |
| Accounts Receivable | 5.89M | 42K | 13.82M | 511K | 2.13M | 280K | 351.4K | 163.87K | 0 |
| Days Sales Outstanding | 2.08 | 0.98 | 118.1 | 13.46 | - | - | - | - | - |
| Inventory | 308.75K | 0 | 187.09M | 85.56M | 75.03M | 12.4M | 0 | 0 | 0 |
| Days Inventory Outstanding | 194.85 | - | 2.3K | 2.41K | 1000K | - | - | - | - |
| Other Current Assets | 2.46M | 426K | 490K | 511K | 2.13M | 389K | 400.85K | -163.87K | 3.15K |
| Total Non-Current Assets | 2.51B | 57.91M | 46.95M | 46.96M | 44.14M | 25.58M | 27.26M | 13.71M | 125K |
| Property, Plant & Equipment | 2.45B | 189K | 181K | 96K | 120K | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | 0.47x | 82.51x | 235.94x | 144.31x | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 60.54M | 57.72M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 27.26M | 13.04M | 0 |
| Other Non-Current Assets | 78.59K | 0 | 46.77M | 46.86M | 44.02M | 25.58M | 0 | 669.4K | 0 |
| Total Assets | 2.68B | 296.07M | 278.7M | 185.79M | 178.17M | 76.18M | 70.65M | 44.61M | 2.18M |
| Asset Turnover | 0.30x | 0.05x | 0.15x | 0.07x | - | - | - | - | - |
| Asset Growth % | 909.13% | 6.23% | 50.01% | 4.27% | 133.88% | 7.83% | 58.38% | 1944.88% | - |
| Total Current Liabilities | 193.73M | 1.02M | 2.76M | 10.34M | 486K | 507K | 399.56K | 14.96M | 103.56K |
| Accounts Payable | 44.46M | 968K | 1.2M | 549K | 0 | 506.94K | 399.56K | 543.54K | 0 |
| Days Payables Outstanding | 22.61 | 25.17 | 14.74 | 15.46 | - | - | - | - | - |
| Short-Term Debt | 80.19M | 52K | 0 | 9.75M | 0 | 0 | 0 | 13.74M | 0 |
| Deferred Revenue (Current) | 1.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 44.22M | -52K | 1.52M | 19K | 469K | 56 | 0 | 0 | 103.56K |
| Current Ratio | 0.88x | 233.49x | 84.03x | 13.43x | 275.78x | 99.81x | 108.61x | 2.07x | 19.86x |
| Quick Ratio | 0.87x | 233.49x | 16.19x | 5.15x | 121.40x | 75.36x | 108.61x | 2.07x | 19.86x |
| Cash Conversion Cycle | 174.32 | - | 2.4K | 2.41K | - | - | - | - | - |
| Total Non-Current Liabilities | 956.39M | 157K | 156K | 83K | 13.05M | 40K | 40K | 0 | 0 |
| Long-Term Debt | 751.76M | 0 | 0 | 0 | 12.95M | 40K | 40K | 0 | 0 |
| Capital Lease Obligations | 407.88K | 157K | 156K | 83K | 103K | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 178.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 33.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 1.15B | 1.18M | 2.91M | 10.42M | 13.54M | 547K | 439.56K | 14.96M | 103.56K |
| Total Debt | 832.03M | 209K | 193K | 9.83M | 13.03M | 40K | 40K | 13.74M | 0 |
| Net Debt | 686.57M | -12.84M | -21.02M | -4.59M | 7.95M | -7.17M | -11.8M | 11.51M | -2.05M |
| Debt / Equity | 0.54x | 0.00x | 0.00x | 0.06x | 0.08x | 0.00x | 0.00x | 0.46x | - |
| Debt / EBITDA | 9.65x | - | 0.03x | - | - | - | - | - | - |
| Net Debt / EBITDA | 7.96x | - | -2.96x | - | - | - | - | - | - |
| Interest Coverage | 130.64x | -11.17x | 862.89x | -2.58x | -7.93x | - | - | -0.11x | - |
| Total Equity | 1.53B | 294.89M | 275.79M | 175.37M | 164.64M | 75.64M | 70.21M | 29.66M | 2.08M |
| Equity Growth % | 506.38% | 6.93% | 57.26% | 6.52% | 117.67% | 7.72% | 136.76% | 1327.1% | - |
| Book Value per Share | 9.75 | 2.33 | 2.39 | 1.79 | 1.87 | 1.05 | 1.29 | 0.71 | 0.05 |
| Total Shareholders' Equity | 1.35B | 294.89M | 275.79M | 175.37M | 164.64M | 75.64M | 70.21M | 29.66M | 2.08M |
| Common Stock | 15.36M | 273.95M | 244.4M | 167.28M | 152.44M | 72.98M | 66.85M | 30.05M | 2.4M |
| Retained Earnings | 96.42M | 17.23M | 22.52M | -11.86M | -12.14M | -7.89M | -6.84M | -4.14M | -322.06K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -24.76M | 3.71M | 8.87M | 19.95M | 24.34M | 10.54M | 3.13M | 1.72M | 0 |
| Minority Interest | 183.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying UROY stock.
As of 2025, Uranium Royalty Corp. (UROY) had total assets of $296.1M including $238.2M in current assets.
Uranium Royalty Corp. (UROY) carries total debt of $0.2M, offset by $20.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Uranium Royalty Corp. (UROY) has total shareholders' equity (book value) of $294.9M ($2.33 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Uranium Royalty Corp. (UROY) reported a current ratio of 233.49x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Asset concentration and lumpy cash flows
Balance Sheet Fortification via Cash Surge
UROY's balance sheet has transformed dramatically, with total assets expanding 70% from $296.1M in 2025Q4 to $507.3M in 2026Q4, driven almost entirely by a $315.8M increase in cash, suggesting a major liquidity event has fundamentally altered its financial position.
The trajectory is one of rapid strengthening, moving from a cash-poor position to a cash-rich one. This shift appears to be the result of a large, episodic asset sale or royalty payment, as evidenced by the simultaneous decline in goodwill and PPE. The balance sheet now presents a fortress-like profile, but its sustainability is questionable given the company's history of volatile, non-recurring revenue.
Cash Position Creates Massive Liquidity Buffer
As of 2026Q4, UROY holds $328.8M in cash against minimal total liabilities of $82.3M, resulting in a current ratio of 5.94 and providing an enormous buffer against operational volatility and potential market downturns.
The liquidity profile is exceptionally strong, with cash representing 64.8% of total assets. This level of liquidity is unusual for a company of this size and suggests management is either preparing for a significant acquisition or is unable to deploy capital efficiently. The buffer is substantial, but investors should monitor whether this cash hoard is a strategic choice or a reflection of limited reinvestment opportunities.
Asset Mix Shifts from Intangibles to Cash
The asset composition has undergone a radical transformation, with goodwill declining from $58.1M in 2026Q3 to zero in 2026Q4, while cash surged to $328.8M, indicating a potential divestiture or impairment that has de-risked the balance sheet.
The elimination of goodwill and the reduction in PPE suggest a significant corporate action, likely the sale of a royalty or asset stream. This shift from intangible-heavy to cash-heavy assets reduces balance sheet risk but also implies the company may have monetized a core growth asset. The remaining PPE of $59.8M appears to be a residual holding, possibly related to operational infrastructure.
Retained Earnings Growth Amidst Minimal Dilution
Retained earnings have grown steadily from $17.2M in 2025Q4 to $71.3M in 2026Q4, while the debt-to-equity ratio remains at 0.00, indicating that equity growth is being driven by operational profits rather than financial engineering or share issuance.
The equity quality appears solid, with retained earnings providing the primary source of growth. The absence of debt and minimal share repurchases ($544.8K in 2026Q4) suggest a conservative capital allocation strategy. However, the rapid growth in retained earnings is heavily influenced by non-operating gains, which may not be sustainable, and investors should assess the quality of these earnings.
Cash Hoarding May Mask Operational Weakness
The massive cash accumulation of $328.8M in 2026Q4 appears to be a one-time event, and the underlying business may still be generating negative operating cash flow, as evidenced by the company's history of cash burn in most quarters.
The headline balance sheet strength is potentially misleading. Excluding the 2026Q4 cash surge, UROY has historically operated with minimal cash reserves, often below $20M. This suggests the core business model may not be self-sustaining, and the current cash position is a windfall rather than a reflection of operational excellence. Investors should scrutinize the source of this cash and its potential non-recurring nature.