Hycroft Mining Holding Corp key statistics and ratios

In fiscal 2023, Hycroft Mining Holding Corp had return on equity of -144.9%, debt equal to 1223.4% of equity and a current ratio of 9.67. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hycroft Mining Holding Corp: financial ratios, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023
Gross margin	—	—	−47.5%	−61.3%	—
Operating margin	−247.6%	−190.0%	−75.8%	−161.0%	—
Net margin	−721.4%	−289.9%	−80.0%	−183.1%	—
Free-cash-flow margin	−525.7%	−306.0%	−39.8%	−107.8%	—
Return on equity	—	—	—	—	−144.9%
Return on assets	−73.5%	−74.3%	−47.2%	−31.1%	−24.4%
Asset turnover	0.10	0.26	0.59	0.17	—
Current ratio	0.07	5.17	1.20	12.66	9.67
Debt to equity	—	>999%	—	233.2%	>999%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	—	—	12.3%	55.2%	—
Capital spending as % of revenue	89.7%	71.1%	6.3%	2.9%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Hycroft Mining Holding Corp: financial ratios, quarterly
Quarter	2022 Q1Mar 2022	2022 Q2Jun 2022	2022 Q3Sept 2022	2022 Q4Dec 2022	2023 Q1Mar 2023	2023 Q2Jun 2023	2023 Q3Sept 2023	2023 Q4Dec 2023
Gross margin	−85.2%	−77.9%	−28.3%	−61.8%	—	—	—	—
Operating margin	−131.1%	−221.5%	−144.1%	−177.5%	—	—	—	—
Net margin	−240.7%	−234.5%	−181.0%	−121.5%	—	—	—	—
Free-cash-flow margin	−79.3%	−399.5%	−30.9%	−91.8%	—	—	—	—
Current ratio	12.47	11.60	9.94	12.66	15.10	18.04	13.65	9.67
Debt to equity	140.7%	160.0%	190.3%	213.3%	271.9%	371.8%	630.5%	>999%
R&D as % of revenue	11.3%	3.9%	80.1%	88.5%	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Hycroft Mining Holding Corp's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hycroft Mining Holding Corp.