Pan American Silver annual net debt
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Pan American Silver Net Debt Growth & History (PAAS)
Pan American Silver's net debt was −$363.0M for fiscal 2025.
View full Pan American Silver company overviewPan American Silver annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$363.0M | −$304.0M | — |
| 2024 | 2024-12-31 | −$59.0M | −$460.9M | — |
| 2023 | 2023-12-31 | $401.9M | $282.1M | +235.48% |
| 2022 | 2022-12-31 | $119.8M | $357.5M | — |
| 2021 | 2021-12-31 | −$237.7M | −$104.2M | — |
| 2020 | 2020-12-31 | −$133.5M | −$329.2M | — |
| 2019 | 2019-12-31 | $195.6M | $327.5M | — |
| 2018 | 2018-12-31 | −$131.8M | $44.1M | — |
| 2017 | 2017-12-31 | −$176.0M | −$31.3M | — |
| 2016 | 2016-12-31 | −$144.7M | — | — |
Pan American Silver quarterly net debt
Q4.17
Q4.18
Q4.19
Q4.20
Q4.21
Q4.22
Q4.23
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$725.0M | −$464.8M | — |
| Q1 2026 | 2026-03-31 | −$650.0M | −$554.3M | — |
| Q4 2025 | 2025-12-31 | −$363.0M | −$304.0M | — |
| Q3 2025 | 2025-09-30 | −$13.2M | — | — |
| Q2 2025 | 2025-06-30 | −$260.2M | — | — |
| Q1 2025 | 2025-03-31 | −$95.7M | — | — |
| Q4 2024 | 2024-12-31 | −$59.0M | −$460.9M | — |
| Q4 2023 | 2023-12-31 | $401.9M | $282.1M | +235.48% |
| Q4 2022 | 2022-12-31 | $119.8M | $357.5M | — |
| Q4 2021 | 2021-12-31 | −$237.7M | −$104.2M | — |
| Q4 2020 | 2020-12-31 | −$133.5M | −$329.2M | — |
| Q4 2019 | 2019-12-31 | $195.6M | $327.5M | — |
| Q4 2018 | 2018-12-31 | −$131.8M | $44.1M | — |
| Q4 2017 | 2017-12-31 | −$176.0M | — | — |
Pan American Silver net debt trends
Over the last five fiscal years, Pan American Silver's net debt decreased from −$133.5M to −$363.0M, a change of −$229.5M. The latest reported quarter, Q2 2026, shows −$725.0M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Pan American Silver source filings ↗