Metalla Royalty & Streaming Ltd. key statistics and ratios

In fiscal 2025, Metalla Royalty & Streaming Ltd. had return on equity of -1.7%, an operating margin of -0.5%, debt equal to 4.8% of equity and a current ratio of 2.41. 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.

Metalla Royalty & Streaming Ltd.: financial ratios, annual
Fiscal year	2020May 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	36.5%	21.0%	25.1%	48.0%	57.3%	80.9%
Operating margin	—	—	−407.0%	−159.6%	−76.1%	−0.5%
Net margin	−159.7%	−351.1%	−452.9%	−127.0%	−93.1%	−36.1%
Return on equity	−9.2%	−14.0%	−10.0%	−3.1%	−2.2%	−1.7%
Return on assets	−8.3%	−12.6%	−9.0%	−2.9%	−2.0%	−1.6%
Asset turnover	0.05	0.04	0.02	0.02	0.02	0.04
Current ratio	2.83	5.99	1.46	0.86	0.93	2.41
Debt to equity	7.3%	10.5%	8.9%	5.4%	5.0%	4.8%
Interest cover (operating income ÷ interest)	—	—	n/m	n/m	n/m	n/m

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

5 of 7 checks passed · December 31, 2025

What it owns · $271m

Short-term assets $15mLonger-term assets $255m

What it owes, and who funded it · $271m

Short-term liabilities $6mLonger-term liabilities $13mShareholders' equity $252m

Short-term assets cover short-term liabilities $15m of assets due within a year against $6m of liabilities due within a year.
Short-term assets cover long-term liabilities $15m short-term assets against $13m of longer-dated liabilities.
More cash than debt $10m of cash against $12m of debt.
Debt below 40% of shareholders' equity Debt is 5% of equity.
Debt burden no higher than five years ago Debt to equity moved from 4% to 5% over five years.
A year's operating cash flow covers at least 20% of debt $4m of operating cash flow against $12m of debt.
Operating profit covers interest at least five times over Operating income of −$64,000 against $2m of interest.

From Metalla Royalty & Streaming Ltd.'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.

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Figures from Metalla Royalty & Streaming Ltd.'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 Metalla Royalty & Streaming Ltd.