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Sandstorm Gold Ltd. logo
Sandstorm Gold Ltd. SAND
report update icon

Quarterly report 2024-Q4
added 10-24-2026

Sandstorm Gold Ltd. Balance Sheet 2024-2011 | SAND

Brief balance sheet overview of Sandstorm Gold Ltd.

Balance sheet changes are traced across five available annual reports between 2020 and 2024.

Assets advanced +184.7% to $1.9 billion from $649.9 million; annual growth near 29.9% reflects a fast increase in scale.

Asset growth of +184.7% came with a +3,303% rise in liabilities. Financial leverage became more prominent.

Equity funds 78.3% of assets versus 98.2% initially. This creates a conservative balance sheet structure.

The cash share moved from 17.5% to 0.2%. A higher figure generally provides more room in an adverse scenario.

Retained earnings stand at $119.9 million; the five-period change was +995.1%. This reflects accumulated business performance.

Balance sheet takeaway

Sandstorm Gold Ltd.'s financial position is more positive than negative: the funding mix is workable, although the cushion is not unlimited.

Annual Balance Sheet Sandstorm Gold Ltd.

2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011

Net Debt

- - - - - 38 M - -12.5 M -21.4 M 78.2 M -90.2 M -98.9 M -127 M -13.1 M

Long Term Debt

- - - - - 45 M - - - 83.5 M - - - -

Long Term Debt Current

2.6 M 1.3 M - - - - - - - - - - - -

Total Non Current Liabilities

- - - - 8.34 M 48.4 M 510 K 2.81 M 3.29 M 86.8 M 5.89 M 6.13 M - -

Total Liabilities

401 M 477 M 533 M 28.2 M 11.8 M 52.3 M 5.49 M 9.24 M 7.58 M 94.2 M 9.52 M 9.57 M 5.25 M 834 K

Retained Earnings

120 M 123 M 98.9 M - 11 M -2.87 M -19.3 M -25.1 M -35.7 M -60.9 M -17.9 M -29.4 M 27.7 M 5.74 M

Total Assets

1.85 B 1.93 B 1.97 B 621 M 650 M 623 M 589 M 661 M 535 M 497 M 431 M 380 M 341 M 153 M

Cash and Cash Equivalents

4.4 M 5 M 7.03 M 16.2 M 114 M 6.97 M 5.89 M 12.5 M 21.4 M - - - - -

Book Value

1.45 B 1.45 B 1.44 B 593 M 638 M 571 M 583 M 652 M 527 M 403 M 422 M 370 M 336 M 152 M

Total Shareholders Equity

1.45 B 1.45 B 1.44 B - 638 M 571 M 583 M 652 M 527 M - - - - -

All numbers in USD currency

Quarterly Balance Sheet Sandstorm Gold Ltd.

2024-Q4 2023-Q4 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

Total Non Current Liabilities

- - - - - - - - - - - - - - - - - - - - - - 2.81 M - - - 3.29 M - - - - - - - - - - - - - - - - - - - - - - -

Total Liabilities

477 M 533 M - - - - 28.2 M - - - 11.8 M - - - 52.3 M - - - 5.49 M - - - 9.24 M - - - 7.58 M - - - - - - - - - - - - - - - - - - - - - - -

Retained Earnings

123 M 98.9 M - - - - 35.6 M - - - 11 M - - - -2.87 M - - - -19.3 M - - - -25.1 M - - - -35.7 M - - - - - - - - - - - - - - - - - - - - - - -

Total Assets

1.93 B 1.97 B - - - - 621 M - - - 650 M - - - 623 M - - - 589 M - - - 661 M - - - 535 M - - - - - - - - - - - - - - - - - - - - - - -

Cash and Cash Equivalents

7.03 M 16.2 M - - - - 16.2 M - - - 114 M - - - 6.97 M - - - 5.89 M - - - 12.5 M - - - 21.4 M - - - 5.35 M - - - - - - - - - - - - - - - - - - -

Book Value

1.45 B 1.44 B - - - - 593 M - - - 638 M - - - 571 M - - - 583 M - - - 652 M - - - 527 M - - - - - - - - - - - - - - - - - - - - - - -

Total Shareholders Equity

1.44 B 593 M - - - - 593 M - - - 638 M - - - 571 M - - - 583 M - - - 652 M - - - 527 M - - - 403 M - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Balance Sheet is a fundamental financial report of Sandstorm Gold Ltd., providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.

For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.

Features of balance sheet analysis
  • Vertical and horizontal analysis
    Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods.
  • Asset quality
    It is important to evaluate not only the amount of assets but also their liquidity and realizability.
  • Accounting for off-balance sheet liabilities
    Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.

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