First Majestic Silver Corp. (AG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 1.34B | 1.19B | 770.33M | 640.19M | 589.49M | 368.82M | 355.59M | 341.9M | 279.41M | 309.06M | 298.26M | 362.8M | 325.37M | 370.29M | 315.99M | 336.26M | 351.08M | 397.21M | 400.12M | 409.24M |
| Cash & Short-Term Investments | 1.14B | 972.05M | 575.21M | 466.58M | 417.38M | 251.96M | 218.72M | 210.58M | 154.01M | 187.96M | 193.44M | 212.35M | 174.06M | 185.97M | 162.59M | 133.67M | 220.88M | 264.41M | 216.29M | 264.93M |
| Cash Only | 988.07M | 791.99M | 435.36M | 384.75M | 351.31M | 202.18M | 154.73M | 152.17M | 102.07M | 125.58M | 138.34M | 160.24M | 104.77M | 151.44M | 148.82M | 117.72M | 192.8M | 237.93M | 192.81M | 227.11M |
| Short-Term Investments | 156.47M | 180.06M | 139.85M | 81.82M | 66.07M | 49.78M | 63.99M | 58.4M | 51.94M | 62.38M | 55.11M | 52.11M | 69.29M | 34.53M | 13.77M | 15.95M | 28.08M | 26.49M | 23.48M | 37.82M |
| Accounts Receivable | 82.45M | 121.94M | 83.17M | 77.84M | 72.61M | 46.17M | 59.12M | 54.1M | 47.89M | 48.69M | 34.42M | 33.48M | 41.76M | 41.22M | 37.18M | 37.11M | 42.49M | 54.26M | 62.92M | 85.43M |
| Days Sales Outstanding | 19.57 | 20.03 | 25.83 | 25.86 | 21.73 | 27.94 | 35.43 | 33.93 | 41.24 | 27.92 | 23.35 | 23.24 | 23.69 | 24.34 | 21.39 | 22.72 | 27.76 | 26.31 | 54.75 | 26.35 |
| Inventory | 90.29M | 84.6M | 96.23M | 82.99M | 83.4M | 62.52M | 68.27M | 68.49M | 67.69M | 63.69M | 60.56M | 57.95M | 71.05M | 64.76M | 63.01M | 66.61M | 65.37M | 60.61M | 71.76M | 52.22M |
| Days Inventory Outstanding | 37.42 | 35.74 | 43.94 | 35.15 | 36.04 | 48.09 | 53.1 | 51.09 | 55.93 | 59.09 | 45.14 | 40.16 | 37.26 | 45.63 | 47.93 | 51.75 | 49.56 | 49.22 | 59.81 | 40.94 |
| Other Current Assets | 18.16M | 11.94M | 15.72M | 12.78M | 16.09M | 8.17M | 9.48M | 8.74M | 9.83M | 8.72M | 9.67M | 59.02M | 38.49M | 78.35M | 42.49M | 87.22M | 12.76M | 12.57M | 43.67M | 460K |
| Total Non-Current Assets | 3.5B | 3.5B | 3.47B | 3.45B | 3.44B | 1.61B | 1.62B | 1.65B | 1.68B | 1.67B | 1.65B | 1.65B | 1.66B | 1.74B | 1.74B | 1.7B | 1.78B | 1.73B | 1.65B | 1.62B |
| Property, Plant & Equipment | 3.27B | 3.25B | 3.25B | 3.25B | 3.27B | 1.44B | 1.43B | 1.43B | 1.43B | 1.43B | 1.44B | 1.43B | 1.43B | 1.54B | 1.58B | 1.55B | 1.54B | 1.53B | 1.5B | 1.48B |
| Fixed Asset Turnover | 0.14x | 0.15x | 0.09x | 0.08x | 0.10x | 0.12x | 0.10x | 0.10x | 0.07x | 0.10x | 0.09x | 0.10x | 0.11x | 0.10x | 0.10x | 0.10x | 0.10x | 0.14x | 0.08x | 0.13x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 146.76M | 149M | 0 | 0 | 0 | 0 | 103.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 19.99M | 17.55M | 155.85M | 146.72M | 132.75M | 127.54M | 17.77M | 136.37M | 147.33M | 146.15M | 139.86M | 139.52M | 152.66M | 143.55M | 118.39M | 115.8M | 152.91M | 126.53M | 78.21M | 78.39M |
| Total Assets | 4.84B | 4.69B | 4.24B | 4.09B | 4.03B | 1.98B | 1.98B | 1.99B | 1.96B | 1.98B | 1.95B | 2.01B | 1.98B | 2.11B | 2.05B | 2.03B | 2.13B | 2.12B | 2.05B | 2.03B |
| Asset Turnover | 0.10x | 0.11x | 0.07x | 0.07x | 0.08x | 0.09x | 0.07x | 0.07x | 0.05x | 0.07x | 0.07x | 0.07x | 0.08x | 0.07x | 0.08x | 0.08x | 0.07x | 0.10x | 0.06x | 0.09x |
| Asset Growth % | 19.88% | 136.71% | 114.19% | 106.04% | 106.25% | 0.17% | 1.29% | -1.34% | -1.41% | -6.33% | -4.91% | -1.02% | -7.02% | -0.7% | 0.08% | 0.12% | 72.79% | 71.71% | 72.51% | 99.28% |
| Total Current Liabilities | 489.61M | 458.3M | 227.95M | 196.04M | 184.65M | 144.31M | 117.37M | 111.97M | 119.86M | 120.14M | 100.46M | 125.61M | 140.79M | 167.4M | 167.84M | 136.43M | 156.67M | 172.82M | 137.65M | 132.97M |
| Accounts Payable | 41.22M | 57.64M | 110.52M | 117.95M | 103.44M | 58.59M | 49.72M | 46.67M | 46.82M | 48.16M | 41M | 58.53M | 69.52M | 71.09M | 74.42M | 71.36M | 71.03M | 72.45M | 71.16M | 66.19M |
| Days Payables Outstanding | 21.16 | 33.23 | 56.01 | 46.77 | 40.02 | 39.83 | 37.43 | 35.08 | 40.44 | 42.4 | 37.91 | 39.86 | 38.58 | 51.97 | 53.91 | 55.83 | 56.45 | 53.39 | 66.26 | 39.28 |
| Short-Term Debt | 63.54M | 11.26M | 196K | 395K | 180K | 426K | 197K | 395K | 177K | 426K | 196K | 395K | 181K | 431K | 193K | 464K | 266K | 69K | 383K | 1.1M |
| Deferred Revenue (Current) | 0 | 590.92K | 7.62M | 142K | 1.36M | 580K | 782K | 1.09M | 3.63M | 2.3M | 3.71M | 3.66M | 1.26M | 3.38M | 5.7M | 5.87M | 9.52M | 12.23M | 4.39M | 8.54M |
| Other Current Liabilities | 77.97M | 93.76M | 13.54M | 981K | 1.1M | 1.11M | 410K | 422K | 4.04M | 1.86M | 4.43M | 8.11M | 8.13M | 16.4M | 10.68M | 10.14M | 996K | 56K | 2.02M | 1.29M |
| Current Ratio | 2.73x | 2.60x | 3.38x | 3.27x | 3.19x | 2.56x | 3.03x | 3.05x | 2.33x | 2.57x | 2.97x | 2.89x | 2.31x | 2.21x | 1.88x | 2.46x | 2.24x | 2.30x | 2.91x | 3.08x |
| Quick Ratio | 2.54x | 2.41x | 2.96x | 2.84x | 2.74x | 2.12x | 2.45x | 2.44x | 1.77x | 2.04x | 2.37x | 2.43x | 1.81x | 1.83x | 1.51x | 1.98x | 1.82x | 1.95x | 2.39x | 2.69x |
| Cash Conversion Cycle | 35.84 | 22.53 | 13.76 | 14.24 | 17.75 | 36.21 | 51.1 | 49.95 | 56.73 | 44.6 | 30.58 | 23.54 | 22.38 | 18 | 15.42 | 18.63 | 20.87 | 22.13 | 48.3 | 28.01 |
| Total Non-Current Liabilities | 1.02B | 1.06B | 1B | 995.57M | 1.02B | 484.41M | 482.81M | 501.06M | 495.89M | 498.1M | 512.31M | 512.07M | 512.21M | 531.31M | 540.69M | 534.06M | 538.75M | 541.2M | 521.44M | 499.73M |
| Long-Term Debt | 244.38M | 296.71M | 216.22M | 213.66M | 211.14M | 208.66M | 206.19M | 223.76M | 221.37M | 218.98M | 216.64M | 214.33M | 212.06M | 209.81M | 217.59M | 185.39M | 183.22M | 181.11M | 186.39M | 154.66M |
| Capital Lease Obligations | 7.15M | 5.72M | 6.56M | 8.13M | 8.75M | 11.32M | 10.88M | 13.85M | 16.84M | 19.33M | 21.28M | 23.38M | 26.11M | 23.76M | 26.01M | 27.48M | 26.75M | 28.04M | 25.93M | 27.01M |
| Deferred Tax Liabilities | 567.55M | 569.92M | 571.45M | 571.03M | 597.79M | 80.09M | 81.15M | 79.44M | 73.84M | 79.02M | 90.37M | 90.34M | 94.5M | 122.47M | 131.4M | 135.29M | 141.74M | 150.84M | 122.87M | 130.09M |
| Other Non-Current Liabilities | 198.4M | 188.53M | 205.88M | 202.76M | 197.6M | 184.34M | 184.59M | 184.01M | 183.84M | 180.77M | 184.02M | 184.02M | 179.54M | 175.28M | 165.69M | 185.9M | 187.03M | 181.22M | 186.25M | 187.95M |
| Total Liabilities | 1.51B | 1.52B | 1.23B | 1.19B | 1.2B | 628.72M | 600.18M | 613.03M | 615.75M | 618.24M | 612.77M | 637.68M | 653M | 698.71M | 708.53M | 670.49M | 695.42M | 714.02M | 659.08M | 632.69M |
| Total Debt | 315.07M | 313.69M | 236.84M | 234.19M | 234.37M | 236.62M | 233.11M | 255.25M | 255.96M | 256.11M | 254.87M | 254.67M | 254.99M | 247.82M | 257.12M | 225.73M | 222.06M | 221.04M | 223.51M | 192.6M |
| Net Debt | -673M | -478.3M | -198.52M | -150.56M | -116.94M | 34.44M | 78.38M | 103.07M | 153.89M | 130.53M | 116.54M | 94.44M | 150.21M | 96.39M | 108.3M | 108M | 29.26M | -16.89M | 30.7M | -34.5M |
| Debt / Equity | 0.09x | 0.10x | 0.08x | 0.08x | 0.08x | 0.18x | 0.17x | 0.19x | 0.19x | 0.19x | 0.19x | 0.19x | 0.19x | 0.18x | 0.19x | 0.17x | 0.15x | 0.16x | 0.16x | 0.14x |
| Debt / EBITDA | 1.08x | 1.08x | 1.77x | 2.06x | 2.38x | 3.90x | 6.40x | 14.45x | 36.72x | 7.64x | 24.92x | 18.03x | - | 56.65x | 11.49x | 5.71x | 7.41x | 3.30x | 11.57x | 4.14x |
| Net Debt / EBITDA | -2.31x | -1.65x | -1.48x | -1.33x | -1.19x | 0.57x | 2.15x | 5.84x | 22.08x | 3.89x | 11.39x | 6.69x | - | 22.03x | 4.84x | 2.73x | 0.98x | -0.25x | 1.59x | -0.74x |
| Interest Coverage | 39.51x | 50.28x | 16.32x | 8.58x | 7.89x | 6.16x | 0.51x | -2.60x | -4.70x | -46.42x | -3.81x | -3.84x | -36.78x | -7.67x | -4.40x | -1.56x | -1.59x | 3.41x | -3.14x | 5.46x |
| Total Equity | 3.33B | 3.17B | 3.01B | 2.9B | 2.83B | 1.35B | 1.38B | 1.37B | 1.34B | 1.36B | 1.34B | 1.38B | 1.33B | 1.41B | 1.34B | 1.36B | 1.44B | 1.41B | 1.39B | 1.4B |
| Equity Growth % | 17.46% | 134.42% | 118.36% | 111.24% | 111.48% | -0.52% | 2.82% | -0.17% | 0.7% | -3.77% | -0.37% | 0.88% | -7.47% | 0.02% | -3.44% | -2.53% | 67.37% | 65.95% | 72.71% | 117% |
| Book Value per Share | 6.63 | 6.45 | 6.10 | 5.94 | 6.21 | 4.48 | 4.58 | 4.71 | 4.67 | 4.73 | 4.67 | 4.90 | 4.85 | 5.29 | 5.12 | 5.19 | 5.48 | 5.50 | 5.43 | 5.69 |
| Total Shareholders' Equity | 2.9B | 2.76B | 2.6B | 2.5B | 2.42B | 1.35B | 1.38B | 1.37B | 1.34B | 1.36B | 1.34B | 1.38B | 1.33B | 1.41B | 1.34B | 1.36B | 1.44B | 1.41B | 1.39B | 1.4B |
| Common Stock | 3.12B | 3.07B | 3.07B | 3.04B | 3.02B | 1.98B | 1.98B | 1.95B | 1.88B | 1.88B | 1.88B | 1.88B | 1.8B | 1.78B | 1.7B | 1.7B | 1.68B | 1.66B | 1.62B | 1.6B |
| Retained Earnings | -439.42M | -560.95M | -642.55M | -667.19M | -717.55M | -717.06M | -702.13M | -674.15M | -624.82M | -609.88M | -618.79M | -590.17M | -571.04M | -468.9M | -450.44M | -428.15M | -342.52M | -347.75M | -342.52M | -322.58M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 227.18M | 243.36M | 176.66M | 126.38M | 123.82M | 90.03M | 102.75M | 95.58M | 83.78M | 88.03M | 80.58M | 89.1M | 103.9M | 98.91M | 97.79M | 96.16M | 103.44M | 98.94M | 114.5M | 120.07M |
| Minority Interest | 423.49M | 411.21M | 407.9M | 405.42M | 411.07M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |