Excellon Resourc Financials
Excellon Resourc (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 expansion was overwhelmed by margin collapse, capital intensity, and a balance-sheet shift away from equity.
Total assets fell to$41.6M while total liabilities reached$46.0M in FY2021, pushing equity negative and changing the company’s financial posture. Because long-term debt was only$233K and the current ratio was 0.4x, the strain appears concentrated in short-term or non-debt obligations rather than conventional borrowing.
Revenue reached
Operating cash flow was positive at
Financial Health Signals
Excellon Resourc 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 Resourc 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 Resourc 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 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.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
Cash & Balance Sheet
Excellon Resourc recorded an outflow of $5.1M in free cash flow in fiscal year 2021, representing a cash shortfall 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, with $34.2M of liabilities due within a year.
Not reported for fiscal year 2021.
Margins & Returns
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
Not shown for fiscal year 2021: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2021.
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.
Not reported for fiscal year 2021.
Not reported for fiscal year 2021.
EXNRF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, EPS (Diluted).
EXNRF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| 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 |
| 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 |
Not reported in any period shown, so not listed: 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.
| 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 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
EXNRF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 |
|---|---|---|---|---|---|---|---|---|
| Net Margin | -54.1%+6.8pp | -60.9%-40.9pp | -20.0% | -230.4% | -337.2% | -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 | 0.21-0.1x | 0.300.0x | 0.330.0x | 0.36-0.1x | 0.44-1.1x | 1.54-0.3x | 1.840.0x | 1.82 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | 0.020.0x | 0.010.0x | 0.010.0x | 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% |
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.
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Where Excellon Resourc Ranks
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.
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 free cash flow?
Excellon Resourc (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 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 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 not reported?
Excellon Resourc (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 Resourc's Piotroski F-Score?
Excellon Resourc (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 Resourc's earnings high quality?
Excellon Resourc (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.