Akso Health Group (AHG) Balance Sheet
AHG balance sheet, FY2026
March 31, 2026 · U.S. dollars$189.6M assets = $8.7M liabilities + $180.9M equity
Both columns are drawn to the same scale: what AHG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AHG financial health
Descriptive bands, not a rating. Fiscal FY2026.
AHG balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $28.4MFY2017 | $189.6MFY2026 | +23.5%/yr | |
| Total liabilities | $4.9MFY2017 | $8.7MFY2026 | +6.7%/yr | |
| Shareholders’ equity | $23.5MFY2017 | $180.9MFY2026 | +25.5%/yr | |
| Cash & short-term investments | $19.2MFY2017 | $170,572FY2026 | −40.8%/yr | |
| Total debt | $20.0MFY2019 | $375,659FY2026 | −43.3%/yr | |
| Net cash (debt) | $37.4MFY2019 | −$205,087FY2026 | −$37.6M | |
| Working capital | $22.7MFY2017 | $180.8MFY2026 | +$158.2M | |
| Book value per share | $0.70FY2025 | $0.25FY2026 | −64.2%/yr | |
| Debt / equity | 0.16FY2019 | 0.00FY2026 | −0.16 | |
| Shares outstanding | 285.1MFY2025 | 722.7MFY2026 | +153.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AHG assets
AHG liabilities and equity
AHG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AHG balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $170,572 | $176.2M | $85.2M | $7.9M | $21.9M | $15.1M | $6.7M | $57.4M | $132.6M | $19.2M |
| Cash & equivalents | $170,572 | $176.2M | $85.2M | $7.9M | $21.9M | $15.1M | $6.7M | $57.4M | $132.6M | $19.2M |
| Receivables | $1.3M | $12.9M | $56.2M | $9.2M | $20.0M | $14.4M | $36.3M | $37.0M | $29.3M | $2.2M |
| Inventory | $200,135 | $190,242 | $191,201 | $1.7M | $7.8M | −$14.4M | −$39.00B | −$2.1M | $1 | $28.5M |
| Other current assets | $187.9M | $6.8M | $402,899 | $1.6M | $885,905 | $15.0M | $39.01B | $5.4M | $1.2M | $0 |
| Total current assets | $189.5M | $196.1M | $142.0M | $20.5M | $50.6M | $30.1M | $52.0M | $97.7M | $163.1M | $27.6M |
| Property, plant & equipment (net) | $28,912 | $114,544 | $0 | $55,433 | $55,433 | $66,887 | $763,570 | $1.3M | $767,087 | $427,938 |
| Goodwill & intangible assets | $58,319 | $18.7M | $0 | $0 | $0 | $0 | $0 | $0 | $331,583 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $1.6M | $30.8M | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $1.5M | $26.1M | $43.5M | $0 | $400,062 |
| Total assets | $189.6M | $215.0M | $142.0M | $20.5M | $50.7M | $31.7M | $80.5M | $173.3M | $163.9M | $28.4M |
| Liabilities | ||||||||||
| Accounts payable | — | — | −$2.0M | −$9.7M | — | — | — | — | — | — |
| Short-term debt | $373,094 | $40,058 | $2.0M | $9.7M | — | $10.0M | $740,752 | — | — | — |
| Deferred revenue | $4.4M | $10.2M | $415,020 | $194,376 | — | — | $124,682 | $110,726 | — | — |
| Total current liabilities | $8.7M | $13.8M | $3.6M | $11.6M | $38.4M | $14.4M | $12.4M | $26.6M | $23.8M | $4.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $20.0M | $20.0M | $0 | $0 |
| Lease obligations | $25,132 | $81,737 | $0 | — | — | $0 | $791,538 | — | — | — |
| Other long-term liabilities | $2,565 | $2.0M | $415,020 | $11.6M | $0 | $4.4M | $13,498 | $189,958 | $3.79B | $4.9M |
| Total liabilities | $8.7M | $15.8M | $3.6M | $11.6M | $38.4M | $14.4M | $32.4M | $46.8M | $23.8M | $4.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $257,128 | $165,675 | $43,834 | $6,977 | $6,977 | $5,002 | $4,999 | $4,963 | $4,796 | $4,292 |
| Retained earnings (deficit) | −$217.6M | −$198.9M | −$63.9M | −$54.5M | −$53.1M | −$36.3M | −$1.4M | $69.8M | $77.2M | $11.8M |
| Accumulated other comprehensive income | −$3.3M | −$3.8M | −$4.1M | −$3.8M | −$1.6M | −$3.1M | −$7.0M | −$1.8M | $4.4M | −$1.5M |
| Minority interest | −$12,233 | $31,991 | $56,810 | $114,212 | — | — | — | — | — | — |
| Total shareholders' equity | $180.9M | $199.1M | $138.4M | $8.7M | $12.3M | $17.3M | $48.1M | $126.5M | $140.0M | $23.5M |
| Key figures | ||||||||||
| Total debt | $375,659 | $81,737 | $2.0M | $9.7M | — | $10.0M | $20.8M | $20.0M | — | — |
| Net cash (debt) | −$205,087 | $176.1M | $83.2M | −$1.8M | — | $5.1M | −$14.1M | $37.4M | — | — |
| Working capital | $180.8M | $182.3M | $138.4M | $8.8M | $12.2M | $15.7M | $39.7M | $71.1M | $139.3M | $22.7M |
| Tangible book value | $180.9M | $180.4M | $138.4M | $8.7M | $12.3M | $17.3M | $48.1M | $126.5M | $139.7M | $23.5M |
| Book value per share | $0.25 | $0.70 | — | — | — | — | — | — | — | — |
| Shares outstanding | 722.7M | 285.1M | — | — | — | — | — | — | — | — |
| Current ratio | 21.77 | 14.20 | 39.52 | 1.76 | 1.32 | 2.09 | 4.21 | 3.68 | 6.84 | 5.65 |
| Quick ratio | 0.17 | 13.69 | 39.35 | 1.48 | 1.09 | 2.05 | 3.47 | 3.55 | 6.79 | 4.39 |
| Debt / equity | 0.00 | 0.00 | 0.01 | 1.11 | — | 0.58 | 0.43 | 0.16 | — | — |
| Equity / assets | 95.4% | 92.6% | 97.4% | 42.6% | 24.2% | 54.5% | 59.8% | 73.0% | 85.4% | 82.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $170,572 | $170,572 | $170,572 | $11.1M | $11.1M | $176.2M | $176.2M | $91.4M | $91.4M | $85.2M | $85.2M | $9.2M |
| Cash & equivalents | $170,572 | $170,572 | $170,572 | $11.1M | $11.1M | $176.2M | $176.2M | $91.4M | $91.4M | $85.2M | $85.2M | $9.2M |
| Short-term investments | — | — | — | — | — | — | — | — | — | — | $51,809 | — |
| Receivables | $1.3M | $1.3M | $1.3M | $3.2M | $3.2M | $954,200 | $954,200 | $408,234 | $408,234 | $0 | $5.8M | $5.8M |
| Inventory | $200,135 | $200,135 | $200,135 | $193,922 | $193,922 | $190,242 | $190,242 | $196,724 | $196,724 | $191,201 | $191,201 | $1.2M |
| Other current assets | $187.9M | $187.9M | $187.9M | $3.9M | $3.9M | $18.8M | $18.8M | $8.2M | $8.2M | $56.7M | $50.8M | $613,723 |
| Total current assets | $189.5M | $189.5M | $189.5M | $18.4M | $18.4M | $196.1M | $196.1M | $100.2M | $100.2M | $142.0M | $142.0M | $16.9M |
| Property, plant & equipment (net) | $28,912 | $28,912 | $28,912 | $175.8M | $94,913 | $114,544 | $114,544 | $236,043 | $236,043 | $0 | $0 | $0 |
| Goodwill & intangible assets | $58,319 | $58,319 | $11.1M | $17.9M | $17.9M | $18.7M | $18.7M | $112.5M | $112.5M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $175.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $189.6M | $189.6M | $189.6M | $212.0M | $212.0M | $215.0M | $215.0M | $212.9M | $212.9M | $142.0M | $142.0M | $16.9M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | $259,701 | $259,701 | $259,701 | — | — | — |
| Short-term debt | $373,094 | — | $2.4M | — | $2.0M | — | $2.0M | — | $4.7M | — | $2.0M | — |
| Deferred revenue | $4.4M | — | $8.0M | — | $10.2M | — | $3.9M | — | $415,020 | — | $415,020 | — |
| Total current liabilities | $8.7M | $8.7M | $8.7M | $12.0M | $12.0M | $13.8M | $13.8M | $12.2M | $12.2M | $3.6M | $3.6M | $11.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $25,132 | — | $63,053 | — | $81,737 | — | $104,740 | — | $0 | — | — |
| Other long-term liabilities | $2,565 | $2,565 | $2,565 | $1.7M | $1.7M | $2.0M | $2.0M | $63,965 | $63,965 | $0 | $11.2M | $0 |
| Total liabilities | $8.7M | $8.7M | $8.7M | $13.7M | $13.7M | $15.8M | $15.8M | $12.3M | $12.3M | $3.6M | $3.6M | $11.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $257,128 | — | $257,128 | — | $257,128 | — | $165,675 | — | $72,088 | — | $43,834 | — |
| Retained earnings (deficit) | −$217.6M | −$217.6M | −$217.6M | −$200.2M | −$200.2M | −$198.9M | −$198.9M | −$64.5M | −$64.5M | −$63.9M | −$63.9M | −$57.9M |
| Accumulated other comprehensive income | −$3.3M | — | −$3.3M | — | −$3.3M | — | −$3.8M | — | −$4.1M | — | −$4.1M | — |
| Minority interest | — | −$12,233 | — | $7,064 | — | $31,991 | — | — | — | — | — | — |
| Total shareholders' equity | $180.9M | $180.9M | $180.9M | $198.3M | $198.3M | $199.1M | $199.1M | $200.6M | $200.6M | $138.4M | $138.4M | $5.2M |
| Key figures | ||||||||||||
| Total debt | $375,659 | — | $2.4M | — | $2.1M | — | $2.1M | — | $4.8M | — | $2.0M | — |
| Net cash (debt) | −$205,087 | — | −$2.2M | — | $9.1M | — | $174.1M | — | $86.6M | — | $83.2M | — |
| Working capital | $180.8M | $180.8M | $180.8M | $6.4M | $6.4M | $182.3M | $182.3M | $88.0M | $88.0M | $138.4M | $138.4M | $5.3M |
| Tangible book value | $180.9M | $180.9M | $169.8M | $180.4M | $180.4M | $180.4M | $180.4M | $88.1M | $88.1M | $138.4M | $138.4M | $5.2M |
| Book value per share | $0.25 | $0.07 | $0.63 | $0.08 | $1.01 | $0.12 | $0.59 | $0.28 | — | $0.32 | — | — |
| Shares outstanding | 722.7M | 2.57B | 285.4M | 2.57B | 196.4M | 1.65B | 337.2M | 719.7M | — | 437.2M | — | — |
| Current ratio | 21.77 | 21.77 | 21.77 | 1.53 | 1.53 | 14.20 | 14.20 | 8.19 | 8.19 | 39.52 | 39.52 | 1.46 |
| Quick ratio | 0.17 | 0.17 | 0.17 | 1.19 | 1.19 | 12.83 | 12.83 | 7.50 | 7.50 | 23.70 | 25.32 | 1.30 |
| Debt / equity | 0.00 | — | 0.01 | — | 0.01 | — | 0.01 | — | 0.02 | — | 0.01 | — |
| Equity / assets | 95.4% | 95.4% | 95.4% | 93.5% | 93.5% | 92.6% | 92.6% | 94.2% | 94.2% | 97.4% | 97.4% | 30.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed July 23, 2026); data from EODHD.
AHG financial position
At the end of fiscal 2026 (March 31, 2026), Akso Health had total assets of $189.6 million (down 11.8% from a year earlier), total liabilities of $8.7 million and shareholders' equity of $180.9 million. It held $0.2 million in cash and short-term investments against $0.4 million of debt, net debt of $0.2 million. Its current ratio was 21.77. In the latest quarter (ended June 30, 2026) total assets were $189.6 million and equity $180.9 million.
Related: AHG income statement, AHG cash flow statement, AHG key metrics. See the AHG stock overview for the latest quote and news.
AHG balance sheet FAQ
What are Akso Health's total assets?
Akso Health reported total assets of $189.6 million at the end of fiscal 2026 (March 31, 2026), compared with $215.0 million a year earlier.
How much debt does Akso Health have?
Akso Health had $0.4 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Akso Health have?
Akso Health held $0.2 million in cash and short-term investments at the end of fiscal 2026; with $0.4 million of debt that is net debt of $0.2 million.
What is Akso Health's book value?
Akso Health's shareholders' equity (book value) was $180.9 million at the end of fiscal 2026, or $0.25 per share.
What is Akso Health's current ratio?
Akso Health had current assets of $189.5 million and current liabilities of $8.7 million, a current ratio of 21.77 (it can cover its short-term obligations).
How much goodwill does Akso Health have?
Akso Health carried $0.1 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2026.