First Quantum Minerals (TSX:FM) Total Assets: C$34,319 Mil (As of Mar. 2026)


TSX:FM First Quantum Minerals Ltd TSX:FM
76 GF Score
Price C$39.80
GF Value C$22.52
Valuation Significantly Overvalued
! 6 Warning Signs
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What is First Quantum Minerals Total Assets?

First Quantum Minerals TSX:FM +1.14% 76 Total Assets is C$34,319 Mil as of Mar. 2026. GuruFocus rates TSX:FM with a GF Score™ of 76/100 and a GF Value™ of C$22.52 (Significantly Overvalued). The stock has 6 warning signs investors should review.

First Quantum Minerals's Total Assets for the quarter that ended in Mar. 2026 was C$34,319 Mil.

During the past 12 months, First Quantum Minerals's average Total Assets Growth Rate was -1.10% per year. During the past 3 years, the average Total Assets Growth Rate was 2.10% per year. During the past 5 years, the average Total Assets Growth Rate was 2.60% per year. During the past 10 years, the average Total Assets Growth Rate was 3.10% per year.

During the past 13 years, First Quantum Minerals's highest 3-Year average Total Assets Growth Rate was 111.50%. The lowest was -2.70%. And the median was 16.85%.

Total Assets is connected with ROA %. First Quantum Minerals's annualized ROA % for the quarter that ended in Mar. 2026 was -3.11%. Total Assets is also linked to Revenue through Asset Turnover. First Quantum Minerals's Asset Turnover for the quarter that ended in Mar. 2026 was 0.06.


First Quantum Minerals  (TSX:FM) Total Assets Explanation

Total Assets is connected with ROA %.

First Quantum Minerals's annualized ROA % for the quarter that ended in Mar. 2026 is

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=-1075.648/( (34815.821+34319.208)/ 2 )
=-1075.648/34567.5145
=-3.11 %

Note: The Net Income data used here is four times the quarterly (Mar. 2026) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Quantum Minerals's Asset Turnover for the quarter that ended in Mar. 2026 is

Asset Turnover
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=1926.288/( (34815.821+34319.208)/ 2 )
=1926.288/34567.5145
=0.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Quantum Minerals Total Assets Related Terms


First Quantum Minerals Total Assets Historical Data

* Premium members only.

The historical data trend for First Quantum Minerals's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Quantum Minerals Total Assets Chart

First Quantum Minerals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32,345.60 34,071.18 31,873.73 34,345.24 34,815.82

First Quantum Minerals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34,712.81 33,183.17 34,345.67 34,815.82 34,319.21
TSX:FM
76GF Score
First Quantum Minerals Ltd TSX:FM
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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First Quantum Minerals Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Quantum Minerals's Total Assets for the fiscal year that ended in Dec. 2025 is calculated as

Total Assets=Total Equity (A: Dec. 2025 )+Total Liabilities (A: Dec. 2025 )
=15913.912+18901.909
=34,816

First Quantum Minerals's Total Assets for the quarter that ended in Mar. 2026 is calculated as

Total Assets=Total Equity (Q: Mar. 2026 )+Total Liabilities (Q: Mar. 2026 )
=15635.312+18683.896
=34,319

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Total Assets →
What does a Total Assets of C$34,319 Mil mean?
First Quantum Minerals (TSX:FM) has a Total Assets of C$34,319 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on First Quantum Minerals and its competitors.
Is First Quantum Minerals' Total Assets too high?
First Quantum Minerals' current Total Assets is C$34,319 Mil. Overall, First Quantum Minerals has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Quantum Minerals' Total Assets compare to SCCO and FCX?
First Quantum Minerals' Total Assets of C$34,319 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for a Metals & Mining company?
A good Total Assets depends on the Metals & Mining industry context. However, Total Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on First Quantum Minerals and its competitors. First Quantum Minerals's current Total Assets is C$34,319 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Quantum Minerals stock overvalued right now?
Based on GuruFocus' analysis, First Quantum Minerals (TSX:FM) is currently considered Significantly Overvalued. The stock's GF Value™ is C$22.52, compared to a current price of C$39.80 — trading 76.7% above its estimated fair value. The current Total Assets is C$34,319 Mil. First Quantum Minerals' overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For First Quantum Minerals (TSX:FM), the current Total Assets is C$34,319 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Quantum Minerals (TSX:FM) Overvalued in 2026?

Based on GuruFocus' analysis, First Quantum Minerals stock appears to be overvalued. The current stock price of C$39.80 is trading 76.7% above its estimated GF Value™ of C$22.52. GuruFocus considers First Quantum Minerals to be Significantly Overvalued.

Key valuation signals for TSX:FM:

  • Total Assets: C$34,319 Mil
  • GF Value™: C$22.52 vs. price of C$39.80 (76.7% above fair value)
  • GF Score™: 76/100 with 6 warning signs

No single metric tells the full story. See the TSX:FM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Quantum Minerals Business Description

Other Exchanges FQVLF:USAIZ1:Germany
Address 330 Bay Street, Suite 1101, Toronto, ON, CAN, M5H 2S8
First Quantum Minerals Ltd is a diversified mining company. The company's principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite. It has operating mines located in Zambia, Panama, Turkey, Spain, Australia, and Mauritania. The company's reportable operating segments are Cobre Panama, Kansanshi, and Trident.
76GF Score

Get the complete analysis for TSX:FM

Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$39.80
Price
C$22.52
GF Value