I-80 Gold Corp. key statistics and ratios

In fiscal 2023, I-80 Gold Corp. had return on equity of -17.2%, an operating margin of -138.4%, debt equal to 42.3% of equity and a current ratio of 0.65. 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.

I-80 Gold Corp.: financial ratios, annual
Fiscal year	2021Dec 2021	2022Dec 2022	2023Dec 2023
Gross margin	—	9.7%	−9.4%
Operating margin	—	−159.3%	−138.4%
Net margin	—	−214.3%	−118.7%
Free-cash-flow margin	—	−259.9%	−171.4%
Return on equity	21.7%	−21.4%	−17.2%
Return on assets	13.4%	−12.2%	−9.5%
Asset turnover	—	0.06	0.08
Current ratio	4.06	0.90	0.65
Debt to equity	10.2%	34.8%	42.3%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m
Effective tax rate	20.7%	—	—
Capital spending as % of revenue	—	135.9%	72.0%
Free cash flow ÷ net income	−21.6%	—	—

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.

Financial health

0 of 6 checks passed · December 31, 2023

What it owns · $724m

Short-term assets $40mLonger-term assets $684m

What it owes, and who funded it · $724m

Short-term liabilities $61mLonger-term liabilities $237mShareholders' equity $426m

Short-term assets cover short-term liabilities $40m of assets due within a year against $61m of liabilities due within a year.
Short-term assets cover long-term liabilities $40m short-term assets against $237m of longer-dated liabilities.
More cash than debt $16m of cash against $180m of debt.
Debt below 40% of shareholders' equity Debt is 42% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$55m of operating cash flow against $180m of debt.
Operating profit covers interest at least five times over Operating income of −$76m against $46,000 of interest.

From I-80 Gold Corp.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

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.

Compare with peers

More: Gold stocks compared, Materials sector, rankings of US companies

Figures from I-80 Gold Corp.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to I-80 Gold Corp.