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Wheaton Precious Metals stock: balance sheet and debt

WPM
$131.80Closing price of 12 Nov 2026MEQIRI Score 71 out of 100

Wheaton Precious Metals 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
7.78
Cash & equivalents
$1.15B
Total assets
$9.15B
Equity ratio
94.8%
Goodwill and intangible assets
$1.12M
not split out
Net debt
−$1.14B
More cash than debt

Total assets and equity ratio

How large the balance sheet of Wheaton Precious Metals Corp. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2006$662.89Mnot reported separatelynot reported separately96.8%−$39.99M
2007$1.21Bnot reported separatelynot reported separately64.7%$409.9M
2008$1.27Bnot reported separatelynot reported separately69.9%$370.69M
2009$2.24Bnot reported separatelynot reported separately77.1%−$91.83M
2010$2.64Bnot reported separatelynot reported separately85.8%−$321.46M
2011$2.87Bnot reported separatelynot reported separately92.4%−$761.58M
2012$3.19Bnot reported separatelynot reported separately97.4%−$728.16M
2013$4.39Bnot reported separatelynot reported separately76.7%$902.31M
2014$4.65Bnot reported separatelynot reported separately78.1%$690.42M
2015$5.63Bnot reported separatelynot reported separately73.7%$1.36B
2016$6.15Bnot reported separatelynot reported separately80.3%$1.07B
2017$5.68Bnot reported separatelynot reported separately86.2%$671.48M
2018$6.47B$3.29Mnot split out79.9%$1.19B
2019$6.28B$3.42Mnot split out84.8%$774.77M
2020$5.96B$3.04Mnot split out95.9%$5.95M
2021$6.3B$2.65Mnot split out99.3%−$223.17M
2022$6.76B$2.27Mnot split out99.4%−$694.12M
2023$7.03B$6.4Mnot split out99.4%−$540.3M
2024$7.42B$4.62Mnot split out97.8%−$813M
2025$9.15B$1.12Mnot split out94.8%−$1.14B

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. In years without separate goodwill, the table shows the sum of goodwill and intangible assets, because the data do not list goodwill separately there.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2006$59.99M$641.54M$20M0.03
2007$9.97M$782.23M$419.86M0.54
2008$7.11M$888.03M$377.8M0.43
2009$227.57M$1.72B$135.74M0.08
2010$428.64M$2.26B$107.18M0.05
2011$840.2M$2.65B$78.62M0.03
2012$778.22M$3.11B$50.06M0.02
2013$95.82M$3.37B$998.14M0.3
2014$308.1M$3.63B$998.52M0.28
2015$103.3M$4.15B$1.47B0.35
2016$124.3M$4.94B$1.19B0.24
2017$98.52M$4.9B$770M0.16
2018$75.77M$5.17B$1.26B0.24
2019$103.99M$5.33B$878.75M0.16
2020$192.68M$5.71B$198.64M0.03
2021$226.05M$6.25B$2.87M0
2022$696.09M$6.72B$1.97M0
2023$546.53M$6.99B$6.23M0
2024$818.17M$7.26B$5.17M0
2025$1.15B$8.67B$7.89M0

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 5 Nov 2026)
  • Valuation signal Fairly valued since 7 Nov 2026
  • 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.

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