To the full analysis
Franco-Nevada stock: balance sheet and debt
FNVFranco-Nevada has a debt to equity ratio of 0 and an interest coverage of over 100x.
Daily figure as of 13 Nov 2026
Debt / Equity
0
Interest coverage
> 100x
Current ratio
8.3
Cash & equivalents
$669.68M
Total assets
$8.23B
Equity ratio
92.6%
Goodwill
not reported separately
Net debt
−$661.09M
More cash than debt
Total assets and equity ratio
How large the balance sheet of Franco-Nevada Corporation is, how much of it is equity and how much is goodwill from acquisitions.
Equity ratio
Figures as a table
| Year | Total assets | Goodwill and intangible assets | of which goodwill | Equity ratio | Net debt |
|---|---|---|---|---|---|
| 2007 | $1.34B | not reported separately | not reported separately | 96.3% | −$12.89M |
| 2008 | $1.5B | not reported separately | not reported separately | 95.3% | −$214.83M |
| 2009 | $2.02B | not reported separately | not reported separately | 95.5% | −$500.13M |
| 2010 | $2.01B | not reported separately | not reported separately | 98.7% | −$547.7M |
| 2011 | $2.9B | not reported separately | not reported separately | 97.7% | −$810.8M |
| 2012 | $3.24B | not reported separately | not reported separately | 97.1% | −$779.9M |
| 2013 | $3.04B | not reported separately | not reported separately | 97.3% | −$788M |
| 2014 | $3.47B | not reported separately | not reported separately | 98.2% | −$592.5M |
| 2015 | $3.67B | not reported separately | not reported separately | 86.1% | $289.3M |
| 2016 | $4.22B | not reported separately | not reported separately | 98.2% | −$253M |
| 2017 | $4.79B | not reported separately | not reported separately | 98.3% | −$511.1M |
| 2018 | $4.93B | not reported separately | not reported separately | 93.9% | $137.9M |
| 2019 | $5.28B | not reported separately | not reported separately | 95.9% | −$49.5M |
| 2020 | $5.59B | not reported separately | not reported separately | 97.3% | −$534.2M |
| 2021 | $6.21B | not reported separately | not reported separately | 97.0% | −$539.3M |
| 2022 | $6.63B | not reported separately | not reported separately | 96.8% | −$1.2B |
| 2023 | $5.99B | not reported separately | not reported separately | 96.2% | −$1.42B |
| 2024 | $6.33B | not reported separately | not reported separately | 94.7% | −$1.45B |
| 2025 | $8.23B | not reported separately | not reported separately | 92.6% | −$661.09M |
The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.
Equity and debt
What the company owns and owes
- Cash & equivalents
- Equity
- Debt
Figures as a table
| Year | Cash & equivalents | Equity | Debt | Debt / Equity |
|---|---|---|---|---|
| 2007 | $12.89M | $1.29B | $0 | 0 |
| 2008 | $214.83M | $1.43B | $0 | 0 |
| 2009 | $500.13M | $1.93B | $0 | 0 |
| 2010 | $547.7M | $1.98B | $0 | 0 |
| 2011 | $810.8M | $2.83B | $0 | 0 |
| 2012 | $779.9M | $3.15B | $0 | 0 |
| 2013 | $788M | $2.96B | $0 | 0 |
| 2014 | $592.5M | $3.41B | $0 | 0 |
| 2015 | $168M | $3.16B | $457.3M | 0.14 |
| 2016 | $253M | $4.15B | $0 | 0 |
| 2017 | $511.1M | $4.71B | $0 | 0 |
| 2018 | $69.7M | $4.63B | $207.6M | 0.04 |
| 2019 | $132.1M | $5.06B | $82.6M | 0.02 |
| 2020 | $534.2M | $5.44B | $0 | 0 |
| 2021 | $539.3M | $6.03B | $0 | 0 |
| 2022 | $1.2B | $6.42B | $0 | 0 |
| 2023 | $1.42B | $5.77B | $0 | 0 |
| 2024 | $1.45B | $6B | $0 | 0 |
| 2025 | $669.68M | $7.62B | $8.58M | 0 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 21 Oct 2026)
- Valuation signal Fairly valued since 11 Nov 2026, previously Overvalued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.