Trilogy Metals annual net debt
2020
2021
2022
2023
2024
2025
Trilogy Metals Net Debt Growth & History (TMQ)
Trilogy Metals's net debt was −$51.5M for fiscal 2025.
View full Trilogy Metals company overviewTrilogy Metals annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-11-30 | −$51.5M | −$25.8M | — |
| 2024 | 2024-11-30 | −$25.7M | −$23.1M | — |
| 2023 | 2023-11-30 | −$2.6M | −$206,000 | — |
| 2022 | 2022-11-30 | −$2.4M | $3.5M | — |
| 2021 | 2021-11-30 | −$5.9M | $5.1M | — |
| 2020 | 2020-11-30 | −$11.0M | — | — |
Trilogy Metals quarterly net debt
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q3.24
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 | 2026-05-31 | −$38.7M | −$14.3M | — |
| Q1 2026 | 2026-02-28 | −$47.7M | −$22.6M | — |
| Q4 2025 | 2025-11-30 | −$51.5M | −$25.8M | — |
| Q3 2025 | 2025-08-31 | −$23.3M | $2.3M | — |
| Q2 2025 | 2025-05-31 | −$24.5M | — | — |
| Q1 2025 | 2025-02-28 | −$25.1M | — | — |
| Q4 2024 | 2024-11-30 | −$25.7M | −$23.1M | — |
| Q3 2024 | 2024-08-31 | −$25.6M | −$22.6M | — |
| Q4 2023 | 2023-11-30 | −$2.6M | −$206,000 | — |
| Q3 2023 | 2023-08-31 | −$3.0M | −$109,000 | — |
| Q2 2023 | 2023-05-31 | −$4.0M | −$870,000 | — |
| Q1 2023 | 2023-02-28 | −$1.5M | $3.0M | — |
| Q4 2022 | 2022-11-30 | −$2.4M | $3.5M | — |
| Q3 2022 | 2022-08-31 | −$2.9M | $3.5M | — |
| Q2 2022 | 2022-05-31 | −$3.2M | $4.8M | — |
| Q1 2022 | 2022-02-28 | −$4.5M | $4.6M | — |
| Q4 2021 | 2021-11-30 | −$5.9M | $5.1M | — |
| Q3 2021 | 2021-08-31 | −$6.4M | $6.3M | — |
| Q2 2021 | 2021-05-31 | −$7.9M | $4.3M | — |
| Q1 2021 | 2021-02-28 | −$9.1M | $6.0M | — |
| Q4 2020 | 2020-11-30 | −$11.0M | — | — |
| Q3 2020 | 2020-08-31 | −$12.7M | — | — |
| Q2 2020 | 2020-05-31 | −$12.2M | — | — |
| Q1 2020 | 2020-02-29 | −$15.1M | — | — |
Trilogy Metals net debt trends
Over the last five fiscal years, Trilogy Metals's net debt decreased from −$11.0M to −$51.5M, a change of −$40.5M. The latest reported quarter, Q2 2026, shows −$38.7M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Trilogy Metals source filings ↗Community posts
Trilogy closes US investment supporting Alaska copper projects
Trilogy Metals ($TMQ) completed a $35.6 million strategic investment transaction involving the US government and South32 ($S32). The government obtains a 10% stake in Trilogy, while proceeds received by Trilogy and South32 are committed to ...