EXCELLON RESOURCES INC (EXNRF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2022, filed Nov 10, 2022. Each column of the statement tables below links to the filing it was taken from.
EXCELLON RESOURCES INC (EXNRF) reported $32.6M in revenue over the twelve months to Sep 30, 2022, down 16.0% from the prior twelve months. This page shows its 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).
Revenue growth masked a business under strain: losses deepened, equity turned negative, and reinvestment still consumed operating cash.
Revenue rose45.0% in FY2021, yet net margin deteriorated sharply. That pairing says added sales were not producing better earnings economics, while the balance sheet moved into negative equity.
Equity shifted from positive
Operating cash flow moved from
Financial Health Signals
EXCELLON RESOURCES INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
EXCELLON RESOURCES INC passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
EXCELLON RESOURCES INC reported a net loss of $57.8M while generating $2.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
EXCELLON RESOURCES INC generated $7.0M in revenue in Q3 2022. This represents a decrease of 23.7% from the same quarter a year earlier. Against the prior quarter it is down 10.3%.
EXCELLON RESOURCES INC reported -$3.8M in net income in Q3 2022. This represents an increase of 87.8% from the same quarter a year earlier. Against the prior quarter it is up 20.3%.
Not reported for Q3 2022.
Not reported for Q3 2022.
Cash & Balance Sheet
EXCELLON RESOURCES INC recorded an outflow of $971K in free cash flow in Q3 2022, representing a cash shortfall after capex. This represents an increase of 44.8% from the same quarter a year earlier. Against the prior quarter it is down 54.6%.
EXCELLON RESOURCES INC held $2.1M in cash against $90K in long-term debt as of Q3 2022, with $42.9M of liabilities due within a year.
Not reported for Q3 2022.
Margins & Returns
EXCELLON RESOURCES INC's net profit margin was -54.1% in Q3 2022, showing the share of revenue converted to profit. Against the prior quarter it is up 6.8 percentage points. No change is given against Q3 2021: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2022.
Not reported for Q3 2022.
Not reported for Q3 2022.
Capital Allocation
EXCELLON RESOURCES INC invested $122K in capex in Q3 2022, funding long-term assets and infrastructure. This represents a decrease of 94.6% from the same quarter a year earlier. Against the prior quarter it is down 78.0%.
Not reported for Q3 2022.
Not reported for Q3 2022.
EXNRF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.0M-23.7% | $7.8M-19.9% | $8.5M-13.1% | $9.3M-7.8% | $9.2M-7.2% | $9.7M+1314.4% | $9.8M+75.9% | $10.1M |
| Interest Expense | $985K+43.2% | $1.2M+15.7% | N/A | N/A | $688K+185.5% | $1.0M | N/A | N/A |
| Income Tax | $174K-96.5% | $90K+309.1% | -$67K-116.1% | $166K-96.5% | $4.9M+377.1% | $22K+122.7% | -$31K-103.3% | $4.7M |
| Net Income | -$3.8M+87.8% | -$4.7M-86.2% | -$1.7M+41.8% | -$21.4M-257.0% | -$30.9M-12758.3% | -$2.5M+25.1% | -$2.9M+54.1% | -$6.0M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
EXNRF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $33.0M-46.0% | $34.1M-52.1% | $38.1M-44.8% | $41.6M-43.3% | $61.0M-16.2% | $71.1M | $69.1M | $73.3M+31.8% |
| Current Assets | $8.9M-37.4% | $9.4M-49.9% | $10.6M-44.2% | $12.2M-43.8% | $14.2M-32.3% | $18.8M | $19.0M | $21.8M+26.7% |
| Cash & Equivalents | $2.1M-38.8% | $2.9M-47.7% | $3.4M-48.5% | $4.1M-51.4% | $3.4M-52.6% | $5.5M+50.6% | $6.5M-23.0% | $8.4M+32.1% |
| Inventory | $1.2M-64.8% | $1.2M-61.4% | $1.9M-35.6% | $2.1M-12.1% | $3.3M+39.7% | $3.1M | $3.0M | $2.4M-9.2% |
| Accounts Receivable | N/A | N/A | $480K-61.7% | $326K-81.7% | $479K-80.6% | $1.8M | $1.3M | $1.8M-21.8% |
| Total Liabilities | $45.7M+2.8% | $44.6M+85.1% | $44.9M+105.8% | $46.0M+101.6% | $44.5M+119.1% | $24.1M | $21.8M | $22.8M+70.6% |
| Current Liabilities | $42.9M+34.2% | $31.5M+158.1% | $31.9M+208.8% | $34.2M+184.8% | $32.0M+205.7% | $12.2M | $10.3M | $12.0M+25.6% |
| Non-Current Liabilities | $2.8M-77.7% | $13.1M+10.2% | $12.9M+13.0% | $11.9M+9.7% | $12.5M+26.9% | $11.9M | $11.5M | $10.8M+182.3% |
| Long-Term Debt | $90K-67.5% | $142K-57.4% | $194K-48.3% | $233K-45.2% | $277K-42.3% | $333K | $375K | $425K-46.1% |
| Total Equity | -$12.7M-176.9% | -$10.5M-122.3% | -$6.7M-114.2% | -$4.5M-108.9% | $16.6M-68.5% | $47.0M+3.6% | $47.3M+63.9% | $50.4M+19.6% |
| Retained Earnings | -$172.4M-22.5% | -$168.6M-53.5% | -$163.9M-52.7% | -$162.2M-55.3% | -$140.7M-43.0% | -$109.9M | -$107.3M | -$104.4M-18.1% |
Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill.
EXNRF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$849K-274.0% | -$74K-105.0% | $492K+159.6% | $949K-81.3% | $488K+142.1% | $1.5M+177.8% | -$825K-893.3% | $5.1M+459.6% |
| Capital Expenditures | $122K-94.6% | $554K-78.9% | $910K+2.9% | $1.4M-50.8% | $2.2M+24.1% | $2.6M+330.4% | $884K-70.8% | $2.9M+32.7% |
| Free Cash Flow | -$971K+44.8% | -$628K+45.9% | -$418K+75.5% | -$472K-121.5% | -$1.8M+40.8% | -$1.2M+53.6% | -$1.7M+41.6% | $2.2M+161.2% |
| Investing Cash Flow | -$111K+95.2% | -$281K+89.3% | -$582K+34.2% | -$422K+85.8% | -$2.3M-23.8% | -$2.6M-15.2% | -$884K+73.9% | -$3.0M-36.4% |
| Financing Cash Flow | -$47K+60.8% | -$50K+38.3% | -$102K+15.0% | -$125K-33.0% | -$120K-101.8% | -$81K+51.8% | -$120K-102.1% | -$94K-114.2% |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Dividends Paid, Share Buybacks.
EXNRF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2210-Q | Q2'2210-Q | Q1'2210-Q | Q4'2110-Q | Q3'2110-Q | Q2'2110-Q | Q1'2110-Q | Q4'2010-K |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -54.1% | -60.9%-34.7pp | -20.0%+9.9pp | -230.4% | -337.2% | -26.2% | -29.9% | -59.5% |
| Return on Equity | N/A | N/A | N/A | N/A | -186.2%-185.7pp | -5.4%+2.1pp | -6.2%+15.9pp | -11.9% |
| Return on Assets | -11.5%+39.1pp | -13.9%-10.3pp | -4.5%-0.2pp | -51.6%-43.4pp | -50.6%-50.2pp | -3.6% | -4.2% | -8.2% |
| Current Ratio | 0.21-0.2x | 0.30-1.2x | 0.33-1.5x | 0.36-1.5x | 0.44-1.6x | 1.54 | 1.84 | 1.820.0x |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.020.0x | 0.01 | 0.01 | 0.010.0x |
| Asset Turnover | 0.21+0.1x | 0.23+0.1x | 0.22+0.1x | 0.22+0.1x | 0.150.0x | 0.14 | 0.14 | 0.14 |
| FCF Margin | -13.9%+5.3pp | -8.1%+3.9pp | -4.9%+12.6pp | -5.1%-26.8pp | -19.2%+10.9pp | -11.9% | -17.5%+35.1pp | 21.8% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
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.
Where EXCELLON RESOURCES INC Ranks
Frequently Asked Questions
What is EXCELLON RESOURCES INC's annual revenue?
EXCELLON RESOURCES INC (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 RESOURCES INC's revenue growing?
EXCELLON RESOURCES INC (EXNRF) revenue grew by 44.9% year-over-year, from $26.2M to $38.0M in fiscal year 2021.
Is EXCELLON RESOURCES INC profitable?
No, EXCELLON RESOURCES INC (EXNRF) reported a net income of -$57.8M in fiscal year 2021.
How much debt does EXCELLON RESOURCES INC have?
As of fiscal year 2021, EXCELLON RESOURCES INC (EXNRF) had $4.1M in cash and equivalents against $233K in long-term debt.
What is EXCELLON RESOURCES INC's free cash flow?
EXCELLON RESOURCES INC (EXNRF) recorded an outflow of $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 RESOURCES INC's operating cash flow?
EXCELLON RESOURCES INC (EXNRF) generated $2.1M in operating cash flow during fiscal year 2021, representing cash generated from core business activities.
What are EXCELLON RESOURCES INC's total assets?
EXCELLON RESOURCES INC (EXNRF) had $41.6M in total assets as of fiscal year 2021, including both current and long-term assets.
What are EXCELLON RESOURCES INC's capital expenditures?
EXCELLON RESOURCES INC (EXNRF) invested $7.2M in capital expenditures during fiscal year 2021, funding long-term assets and infrastructure.
What is EXCELLON RESOURCES INC's current ratio?
EXCELLON RESOURCES INC (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 RESOURCES INC's return on assets (ROA)?
EXCELLON RESOURCES INC (EXNRF) had a return on assets of -139.0% for fiscal year 2021, measuring how efficiently the company uses its assets to generate profit.
What is EXCELLON RESOURCES INC's P/E ratio?
EXCELLON RESOURCES INC (EXNRF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2022). The market capitalization is $90.8M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is EXCELLON RESOURCES INC's price-to-sales ratio?
EXCELLON RESOURCES INC (EXNRF) trades at 2.8x sales, its market capitalization divided by revenue of $32.6M revenue, trailing 12 months to September 30, 2022. The market capitalization is $90.8M as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is EXCELLON RESOURCES INC's debt-to-equity ratio negative or not reported?
EXCELLON RESOURCES INC (EXNRF) has negative shareholder equity of -$4.5M as of fiscal year 2021, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 RESOURCES INC's Piotroski F-Score?
EXCELLON RESOURCES INC (EXNRF) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 RESOURCES INC's earnings high quality?
EXCELLON RESOURCES INC (EXNRF) reported a net loss of $57.8M while generating $2.1M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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.