Excellon Resourc Financials
This page shows Excellon Resourc (EXNRF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Short-term liabilities, not borrowings, became the main financing mechanism as cash conversion improved but reinvestment still consumed cash.
Operating cash flow reached$2.1M even as the net loss deepened versus the prior year, which usually means the headline loss was driven more by non-cash charges than by a matching deterioration in cash operations. That matters because free cash flow stayed at-$5.1M after capex, so better cash conversion still did not make the business self-funding.
The balance sheet changed character: current liabilities were
Capital intensity stayed high because capex still exceeded operating cash flow, including
Financial Health Signals
Based on FY2021 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Excellon Resourc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Excellon Resourc's revenue surged 44.9% year-over-year to $38.0M, reflecting rapid business expansion. This strong growth earns a score of 66/100.
Excellon Resourc carries a low D/E ratio of -0.05, meaning only $-0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Excellon Resourc's current ratio of 0.36 is below the typical benchmark, resulting in a score of 1/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Excellon Resourc generated $2.1M in operating cash flow, capex of $7.2M consumed most of it, leaving -$5.1M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Excellon Resourc passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Excellon Resourc generates $-0.04 in operating cash flow ($2.1M OCF vs -$57.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Key Financial Metrics
Earnings & Revenue
Excellon Resourc generated $38.0M in revenue in fiscal year 2021. This represents an increase of 44.9% from the prior year.
Excellon Resourc reported -$57.8M in net income in fiscal year 2021. This represents a decrease of 260.6% from the prior year.
Cash & Balance Sheet
Excellon Resourc generated -$5.1M in free cash flow in fiscal year 2021, representing cash available after capex. This represents an increase of 36.9% from the prior year.
Excellon Resourc held $4.1M in cash against $233K in long-term debt as of fiscal year 2021.
Excellon Resourc had 34M shares outstanding in fiscal year 2021. This represents an increase of 4.4% from the prior year.
Margins & Returns
Excellon Resourc's net profit margin was -152.2% in fiscal year 2021, showing the share of revenue converted to profit. This is down 91.1 percentage points from the prior year.
Capital Allocation
Excellon Resourc invested $7.2M in capex in fiscal year 2021, funding long-term assets and infrastructure. This represents a decrease of 13.9% from the prior year.
EXNRF Income Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M-10.3% | $7.8M-8.4% | $8.5M-8.7% | $9.3M+1.7% | $9.2M-5.8% | $9.7M-0.7% | $9.8M-3.1% | $10.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $174K+93.3% | $90K+234.3% | -$67K-140.4% | $166K-96.6% | $4.9M+22268.2% | $22K+171.0% | -$31K-100.7% | $4.7M |
| Net Income | -$3.8M+20.3% | -$4.7M-178.8% | -$1.7M+92.1% | -$21.4M+30.5% | -$30.9M-1112.6% | -$2.5M+12.9% | -$2.9M+51.4% | -$6.0M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EXNRF Balance Sheet
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $33.0M-3.3% | $34.1M-10.6% | $38.1M-8.2% | $41.6M-31.9% | $61.0M-14.2% | $71.1M+2.9% | $69.1M-5.7% | $73.3M |
| Current Assets | $8.9M-5.6% | $9.4M-11.4% | $10.6M-13.3% | $12.2M-13.7% | $14.2M-24.4% | $18.8M-1.4% | $19.0M-12.7% | $21.8M |
| Cash & Equivalents | $2.1M-27.4% | $2.9M-14.5% | $3.4M-17.7% | $4.1M+19.7% | $3.4M-37.9% | $5.5M-15.8% | $6.5M-22.4% | $8.4M |
| Inventory | $1.2M-1.7% | $1.2M-38.4% | $1.9M-8.0% | $2.1M-36.8% | $3.3M+7.7% | $3.1M+2.8% | $3.0M+25.6% | $2.4M |
| Accounts Receivable | N/A | N/A | $480K+47.2% | $326K-31.9% | $479K-72.9% | $1.8M+40.7% | $1.3M-29.6% | $1.8M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $45.7M+2.5% | $44.6M-0.7% | $44.9M-2.6% | $46.0M+3.6% | $44.5M+84.7% | $24.1M+10.4% | $21.8M-4.5% | $22.8M |
| Current Liabilities | $42.9M+36.4% | $31.5M-1.4% | $31.9M-6.5% | $34.2M+6.8% | $32.0M+162.3% | $12.2M+18.0% | $10.3M-13.8% | $12.0M |
| Long-Term Debt | $90K-36.6% | $142K-26.8% | $194K-16.7% | $233K-15.9% | $277K-16.8% | $333K-11.2% | $375K-11.8% | $425K |
| Total Equity | -$12.7M-21.6% | -$10.5M-55.6% | -$6.7M-50.1% | -$4.5M-127.1% | $16.6M-64.8% | $47.0M-0.6% | $47.3M-6.2% | $50.4M |
| Retained Earnings | -$172.4M-2.2% | -$168.6M-2.9% | -$163.9M-1.0% | -$162.2M-15.2% | -$140.7M-28.1% | -$109.9M-2.4% | -$107.3M-2.8% | -$104.4M |
EXNRF Cash Flow Statement
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$849K-1047.3% | -$74K-115.0% | $492K-48.2% | $949K+94.5% | $488K-66.8% | $1.5M+278.2% | -$825K-116.2% | $5.1M |
| Capital Expenditures | $122K-78.0% | $554K-39.1% | $910K-36.0% | $1.4M-36.8% | $2.2M-14.5% | $2.6M+197.5% | $884K-69.4% | $2.9M |
| Free Cash Flow | -$971K-54.6% | -$628K-50.2% | -$418K+11.4% | -$472K+73.2% | -$1.8M-51.7% | -$1.2M+32.1% | -$1.7M-177.8% | $2.2M |
| Investing Cash Flow | -$111K+60.5% | -$281K+51.7% | -$582K-37.9% | -$422K+81.9% | -$2.3M+11.5% | -$2.6M-197.5% | -$884K+70.2% | -$3.0M |
| Financing Cash Flow | -$47K+6.0% | -$50K+51.0% | -$102K+18.4% | -$125K-4.2% | -$120K-48.1% | -$81K+32.5% | -$120K-27.7% | -$94K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EXNRF Financial Ratios
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | -54.1%+6.8pp | -60.9%-40.9pp | -20.0%+210.4pp | -230.4%+106.8pp | -337.2%-311.0pp | -26.2%+3.7pp | -29.9%+29.6pp | -59.5% |
| Return on Equity | N/A | N/A | N/A | N/A | -186.2%-180.8pp | -5.4%+0.8pp | -6.2%+5.7pp | -11.9% |
| Return on Assets | -11.5%+2.4pp | -13.9%-9.4pp | -4.5%+47.1pp | -51.6%-1.0pp | -50.6%-47.0pp | -3.6%+0.6pp | -4.2%+4.0pp | -8.2% |
| Current Ratio | 0.21-0.1 | 0.30-0.0 | 0.33-0.0 | 0.36-0.1 | 0.44-1.1 | 1.54-0.3 | 1.84+0.0 | 1.82 |
| Debt-to-Equity | -0.010.0 | -0.01+0.0 | -0.03+0.0 | -0.05-0.1 | 0.020.0 | 0.010.0 | 0.010.0 | 0.01 |
| FCF Margin | -13.9%-5.8pp | -8.1%-3.1pp | -4.9%+0.2pp | -5.1%+14.2pp | -19.2%-7.3pp | -11.9%+5.5pp | -17.5%-39.2pp | 21.8% |
Note: Shareholder equity is negative (-$4.5M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Excellon Resourc's annual revenue?
Excellon Resourc (EXNRF) reported $38.0M in total revenue for fiscal year 2021. This represents a 44.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Excellon Resourc's revenue growing?
Excellon Resourc (EXNRF) revenue grew by 44.9% year-over-year, from $26.2M to $38.0M in fiscal year 2021.
Is Excellon Resourc profitable?
No, Excellon Resourc (EXNRF) reported a net income of -$57.8M in fiscal year 2021, with a net profit margin of -152.2%.
How much debt does Excellon Resourc have?
As of fiscal year 2021, Excellon Resourc (EXNRF) had $4.1M in cash and equivalents against $233K in long-term debt.
What is Excellon Resourc's net profit margin?
Excellon Resourc (EXNRF) had a net profit margin of -152.2% in fiscal year 2021, representing the share of revenue converted into profit after all expenses.
What is Excellon Resourc's free cash flow?
Excellon Resourc (EXNRF) generated -$5.1M in free cash flow during fiscal year 2021. This represents a 36.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Excellon Resourc's operating cash flow?
Excellon Resourc (EXNRF) generated $2.1M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.
What are Excellon Resourc's total assets?
Excellon Resourc (EXNRF) had $41.6M in total assets as of fiscal year 2021, including both current and long-term assets.
What are Excellon Resourc's capital expenditures?
Excellon Resourc (EXNRF) invested $7.2M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
What is Excellon Resourc's current ratio?
Excellon Resourc (EXNRF) had a current ratio of 0.36 as of fiscal year 2021, which is below 1.0, which may suggest potential liquidity concerns.
What is Excellon Resourc's debt-to-equity ratio?
Excellon Resourc (EXNRF) had a debt-to-equity ratio of -0.05 as of fiscal year 2021, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Excellon Resourc's return on assets (ROA)?
Excellon Resourc (EXNRF) had a return on assets of -139.0% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
Why is Excellon Resourc's debt-to-equity ratio negative or unusual?
Excellon Resourc (EXNRF) has negative shareholder equity of -$4.5M as of fiscal year 2021, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Excellon Resourc's Piotroski F-Score?
Excellon Resourc (EXNRF) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Excellon Resourc's earnings high quality?
Excellon Resourc (EXNRF) has an earnings quality ratio of -0.04x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Excellon Resourc?
Excellon Resourc (EXNRF) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.