Ramaco Resources, Inc. balance sheet

At the end of fiscal 2025, Ramaco Resources, Inc. had total assets of $1.14bn, total liabilities of $657m and shareholders' equity of $484m. It held $440m in cash against $468m of debt: net debt of $27.2m.

Balance sheet

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

Ramaco Resources, Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	5	6	7	6	5	22	36	42	33	440	283
Receivables	1	7	11	19	20	44	41	97	74	54	61
Inventory	2	10	14	15	12	16	45	37	43	87	100
Total current assets	63	29	35	44	42	87	147	190	168	598	461
Total assets	119	148	188	227	229	329	596	666	675	1,141	1,025
Accounts payable	9	20	16	11	12	15	35	52	49	42	50
Total current liabilities	15	22	30	26	29	47	163	170	122	110	109
Short-term debt	—	—	5	3	5	8	36	57	0	0	—
Long-term debt	—	—	4	10	13	3	19	0	0	468	—
Total debt	1	0	9	13	17	46	129	91	89	468	453
Total liabilities	35	35	47	57	60	118	287	296	312	657	649
Shareholders' equity	−5	113	141	170	169	211	309	370	363	484	376
Non-controlling interests and other (assets − liabilities − equity)	89	—	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	−5	−6	3	7	12	24	93	49	56	27	170
Shares outstanding	—	40m	40m	41m	43m	44m	44m	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Ramaco Resources, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	63	74	52	56	44	54	66	61
Inventory	53	43	56	59	82	87	106	100
Total current assets	147	168	164	155	329	598	543	461
Total assets	645	675	686	675	850	1,141	1,092	1,025
Accounts payable	54	49	59	56	42	42	57	50
Total current liabilities	109	122	124	114	111	110	111	109
Short-term debt	0	0	0	0	0	0	0	—
Long-term debt	43	0	—	—	116	468	—	—
Total debt	44	0	0	0	116	468	0	—
Total liabilities	284	312	330	327	323	657	655	649
Shareholders' equity	362	363	355	347	527	484	437	376

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Ramaco Resources, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ramaco Resources, Inc.