TRX Gold Corp key statistics and ratios

In fiscal 2025, TRX Gold Corp had return on equity of 1.2%, a net margin of 1.2%, debt equal to 0.0% of equity and a current ratio of 1.05. 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.

TRX Gold Corp: financial ratios, annual
Fiscal year	2022Aug 2022	2023Aug 2023	2024Aug 2024	2025Aug 2025
Gross margin	62.1%	47.5%	43.6%	41.5%
Net margin	−15.4%	5.9%	−1.1%	1.2%
Free-cash-flow margin	−64.5%	3.7%	5.0%	6.1%
Return on equity	−4.8%	4.4%	−0.9%	1.2%
Return on assets	−3.2%	2.9%	−0.5%	0.6%
Asset turnover	0.21	0.49	0.45	0.53
Current ratio	0.92	0.97	0.84	1.05
Debt to equity	0.0%	0.0%	0.0%	0.0%
Effective tax rate	—	43.1%	66.0%	54.6%
Capital spending as % of revenue	84.1%	41.6%	32.2%	22.2%
Free cash flow ÷ net income	—	62.4%	—	508.2%

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

2 of 2 checks passed · August 31, 2025

What it owns · $117m

Short-term assets $26mLonger-term assets $91m

What it owes, and who funded it · $100m

Short-term liabilities $25mLonger-term liabilities $18mShareholders' equity $57m

Short-term assets cover short-term liabilities $26m of assets due within a year against $25m of liabilities due within a year.
Short-term assets cover long-term liabilities $26m short-term assets against $18m of longer-dated liabilities.
More cash than debt Cash or debt not separately reported. Not assessable.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
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 Cash flow or debt not reported. Not assessable.
Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From TRX 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

Head to head: IDR vs TRX ITRG vs TRX CMCL vs TRX

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Figures from TRX Gold 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 TRX Gold Corp.