Athena Gold (AHNRF) Equity Ratio (2010 - 2025)

Athena Gold (AHNRF) reported Equity Ratio of 0.86 for Q4 2025, down 2.49% on a YoY basis from 0.88 in Q4 2024, and down 7.09% quarter-over-quarter from 0.92 in Q3 2025.

Athena Gold (AHNRF) Equity Ratio (2010 - 2025) Analysis & Trends

Athena Gold has reported Equity Ratio for 16 years, with the latest figure at 0.86 in Q4 2025.

  • For the quarter ending Q4 2025, Equity Ratio fell 2.49% year-over-year to 0.86; the trailing twelve-month figure through Dec 2025 stood at 0.86 (down 2.49% YoY), and the FY2025 full-year result was 0.86, down 2.49% from the prior year.
  • Equity Ratio for Q4 2025 stood at 0.86, down from 0.92 in the prior quarter.
  • The five-year high for Equity Ratio was 0.94 in Q4 2023, with the low at 1.0 in Q3 2021.
  • Historically, Equity Ratio has averaged 0.68 across 5 years, with a median of 0.86 in 2024.
  • Annual changes were most pronounced in 2022 — Equity Ratio soared 388.86% — and 2024, when it declined 6.09%.
  • Athena Gold's Equity Ratio stood at 0.82 in 2021, then slipped by 3.58% to 0.79 in 2022, then grew by 17.89% to 0.94 in 2023, then decreased by 6.09% to 0.88 in 2024, then dropped by 2.49% to 0.86 in 2025.
  • The last three Equity Ratio figures came in at 0.86 (Q4 2025), 0.92 (Q3 2025), and 0.9 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Triple Flag Precious Metals 37.84 Bn 37.77 Bn 77.21 Mn 0.97
2 Buenaventura Mining 10.77 Bn 10.77 Bn - 0.71
3 Hecla Mining 9.72 Bn 9.11 Bn 253.26 Mn 0.76
4 Perpetua Resources 2.83 Bn 2.83 Bn - 0.95
5 Versamet Royalties 2.41 Bn 2.40 Bn - 0.56
6 Metalla Royalty & Streaming 2.10 Bn 2.09 Bn 2.79 Mn -
7 Sibanye Stillwater 1.84 Bn 838.91 Mn - -
8 Avino Silver & Gold Mines 1.57 Bn 1.43 Bn - 0.86
9 Solaris Resources 1.41 Bn 1.39 Bn - -0.97
10 Athena Gold - - - 0.86

Historic Data

Download Data
DateValue
Dec 31, 2025 0.86
Sep 30, 2025 0.92
Jun 30, 2025 0.90
Mar 31, 2025 0.92
Dec 31, 2024 0.88
Sep 30, 2024 0.86
Jun 30, 2024 0.88
Mar 31, 2024 0.88
Dec 31, 2023 0.94
Sep 30, 2023 0.90
Jun 30, 2023 0.77
Mar 31, 2023 0.84
Dec 31, 2022 0.79
Sep 30, 2022 0.84
Jun 30, 2022 0.77
Mar 31, 2022 0.88
Dec 31, 2021 0.82
Sep 30, 2021 -1.00
Jun 30, 2021 -0.28
Mar 31, 2021 0.18