Qilian International Holding Group Limited (BGM) Balance Sheet
BGM balance sheet, FY2025
September 30, 2025 · U.S. dollars$433.8M assets = $41.7M liabilities + $392.1M equity
Both columns are drawn to the same scale: what BGM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BGM financial health
Descriptive bands, not a rating. Fiscal FY2025.
BGM balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $33.4MFY2017 | $433.8MFY2025 | +37.8%/yr | |
| Total liabilities | $19.7MFY2017 | $41.7MFY2025 | +9.8%/yr | |
| Shareholders’ equity | $11.2MFY2017 | $390.9MFY2025 | +55.8%/yr | |
| Cash & short-term investments | $5.4MFY2017 | $10.8MFY2025 | +9.2%/yr | |
| Total debt | $6.9MFY2017 | $1.9MFY2025 | −14.7%/yr | |
| Net cash (debt) | −$1.6MFY2017 | $8.9MFY2025 | +$10.5M | |
| Working capital | $4.0MFY2017 | $9.9MFY2025 | +$6.0M | |
| Book value per share | $1.61FY2017 | $103.53FY2025 | +68.3%/yr | |
| Current ratio | 1.22FY2017 | 1.24FY2025 | +0.02 | |
| Debt / equity | 0.62FY2017 | 0.00FY2025 | −0.61 | |
| Shares outstanding | 7.0MFY2017 | 3.8MFY2025 | −7.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BGM assets
BGM liabilities and equity
BGM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BGM balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $10.8M | $18.1M | $22.4M | $14.3M | $10.5M | $11.9M | $4.6M | $5.3M | $5.4M |
| Cash & equivalents | $9.8M | $9.8M | $7.5M | $14.3M | $10.5M | $11.9M | $4.6M | $5.3M | $5.4M |
| Short-term investments | $994,895 | $8.3M | $14.9M | $0 | — | — | $0 | $14,578 | — |
| Receivables | $17.0M | $5.8M | $6.4M | $4.9M | $13.5M | $12.6M | $6.1M | $5.3M | $1.0M |
| Inventory | $23.7M | $5.0M | $5.0M | $8.9M | $12.5M | $12.0M | $12.5M | $9.6M | $12.9M |
| Other current assets | $0 | $803,924 | $747,331 | $2.0M | $3.9M | $1.0M | $1.7M | $2.0M | $2.7M |
| Total current assets | $51.5M | $29.8M | $34.5M | $30.0M | $40.4M | $37.5M | $25.0M | $22.2M | $22.0M |
| Property, plant & equipment (net) | $15.1M | $14.9M | $12.7M | $12.3M | $11.5M | $7.7M | $7.7M | $8.5M | $8.8M |
| Goodwill & intangible assets | $355.3M | $4.5M | $3.4M | $1.7M | $1.9M | $1.9M | $1.8M | $2.0M | $2.1M |
| Long-term investments | $11.5M | $3.4M | $606,005 | $20.1M | $21.0M | $540,517 | $0 | $0 | $0 |
| Other non-current assets | $363,882 | $424,474 | $10,778 | $385,787 | $616,033 | $540,575 | $799,064 | $725,641 | $507,059 |
| Total assets | $433.8M | $53.0M | $51.3M | $64.5M | $75.4M | $48.1M | $35.3M | $33.3M | $33.4M |
| Liabilities | |||||||||
| Accounts payable | $6.6M | $4.1M | $3.6M | $5.3M | $6.6M | $4.4M | $3.6M | $3.8M | $4.7M |
| Short-term debt | $1.9M | — | $553,275 | $1.7M | $7.9M | $7.4M | $4.9M | $4.2M | $6.9M |
| Deferred revenue | $3.1M | $568,502 | $1.1M | $677,960 | $2.8M | $3.9M | $2.3M | $4.6M | $5.0M |
| Total current liabilities | $41.6M | $8.8M | $6.7M | $9.2M | $18.2M | $18.4M | $11.7M | $14.3M | $18.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $320,254 | $0 | $98,135 | $96,396 | $162,027 | $238,191 | — | — | — |
| Other long-term liabilities | $79,310 | $134,394 | $246,454 | $382,480 | $509,925 | $877,860 | $972,338 | $1.3M | $1.8M |
| Total liabilities | $41.7M | $8.9M | $6.9M | $9.6M | $18.7M | $19.3M | $12.6M | $15.6M | $19.7M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $1.7M | $59,583 | $59,583 | $59,583 | $59,583 | $50,000 | $50,000 | $50,000 | $50,000 |
| Retained earnings (deficit) | −$15.8M | $4.3M | $5.9M | $15.5M | $14.7M | $12.2M | $7.6M | $2.9M | $3.1M |
| Accumulated other comprehensive income | $6.0M | $1.9M | $425,246 | $1.1M | $3.7M | $1.6M | $30,642 | $150,359 | $440,327 |
| Minority interest | $1.0M | $1.3M | $1.6M | $1.9M | — | — | — | — | — |
| Total shareholders' equity | $390.9M | $42.7M | $42.8M | $53.1M | $54.9M | $26.1M | $19.9M | $15.3M | $11.2M |
| Key figures | |||||||||
| Total debt | $1.9M | — | $577,850 | $1.8M | $8.0M | $7.6M | $4.9M | $4.2M | $6.9M |
| Net cash (debt) | $8.9M | — | $21.8M | $12.6M | $2.4M | $4.3M | −$308,688 | $1.1M | −$1.6M |
| Working capital | $9.9M | $21.0M | $27.9M | $20.9M | $22.2M | $19.1M | $13.3M | $7.9M | $4.0M |
| Tangible book value | $35.5M | $38.2M | $39.4M | $51.3M | $52.9M | $24.2M | $18.1M | $13.4M | $9.2M |
| Book value per share | $103.53 | — | — | — | $8.05 | $3.73 | $2.84 | $2.19 | $1.61 |
| Shares outstanding | 3.8M | — | — | — | 6.8M | 7.0M | 7.0M | 7.0M | 7.0M |
| Current ratio | 1.24 | 3.39 | 5.18 | 3.27 | 2.22 | 2.04 | 2.14 | 1.55 | 1.22 |
| Quick ratio | 0.67 | 2.73 | 4.32 | 2.09 | 1.32 | 1.33 | 0.92 | 0.74 | 0.35 |
| Debt / equity | 0.00 | — | 0.01 | 0.03 | 0.15 | 0.29 | 0.25 | 0.28 | 0.62 |
| Equity / assets | 90.1% | 80.6% | 83.5% | 82.2% | 72.8% | 54.2% | 56.4% | 46.0% | 33.7% |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Mar '24 | Sep '23 | Mar '23 | Sep '22 | Mar '22 | Sep '21 | Mar '21 | Sep '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $11.5M | $10.8M | $14.5M | $18.1M | $25.4M | $22.4M | $8.9M | $14.3M | $11.7M | $10.5M | $40.3M | $11.9M |
| Cash & equivalents | $11.5M | $9.8M | $9.7M | $9.8M | $10.3M | $7.5M | $8.9M | $14.3M | $11.7M | $10.5M | $20.3M | $11.9M |
| Short-term investments | $28,398 | $994,895 | $4.9M | $8.3M | $15.0M | $14.9M | — | — | — | — | $20.0M | — |
| Receivables | $12.0M | $17.0M | $16.8M | $5.8M | $2.7M | $6.4M | $5.4M | $4.9M | $12.0M | $13.5M | $4.0M | $12.6M |
| Inventory | $22.1M | $23.7M | $8.8M | $5.0M | $4.7M | $5.0M | $10.9M | $8.9M | $13.4M | $12.5M | $12.8M | $12.0M |
| Other current assets | $105,023 | $0 | $2.7M | $803,924 | $596,895 | $747,331 | $1.9M | $2.0M | $5.8M | $3.9M | $1.3M | $1.0M |
| Total current assets | $45.7M | $51.5M | $42.9M | $29.8M | $33.3M | $34.5M | $27.1M | $30.0M | $42.9M | $40.4M | $58.5M | $37.5M |
| Property, plant & equipment (net) | $15.2M | $15.1M | $15.3M | $14.9M | $13.1M | $12.7M | $12.9M | $12.3M | $14.8M | $11.5M | $8.4M | $7.7M |
| Goodwill & intangible assets | $364.6M | $355.3M | $139.8M | $4.5M | $3.4M | $3.4M | $3.7M | $1.7M | $1.9M | $1.9M | $1.9M | $1.9M |
| Long-term investments | $10.4M | $11.5M | $3.2M | $3.4M | $0 | $606,005 | $20.3M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $603,494 | $363,882 | $6.1M | $424,474 | $11,488 | $10,778 | $257,821 | $20.5M | $20.6M | $21.6M | $1.2M | $1.1M |
| Total assets | $436.5M | $433.8M | $207.4M | $53.0M | $49.9M | $51.3M | $64.2M | $64.5M | $80.1M | $75.4M | $70.0M | $48.1M |
| Liabilities | ||||||||||||
| Accounts payable | $6.4M | $6.6M | $8.4M | $4.1M | $2.7M | $3.6M | $4.4M | $5.3M | $5.0M | $6.6M | $5.4M | $4.4M |
| Short-term debt | $1.2M | $1.9M | $1.7M | — | $83,089 | $553,275 | $624,240 | $1.7M | $12.9M | $7.9M | $3.2M | $7.4M |
| Deferred revenue | $3.5M | $3.1M | $3.6M | $568,502 | $470,126 | $1.1M | $2.6M | $677,960 | $3.5M | $2.8M | $3.1M | $3.9M |
| Total current liabilities | $36.6M | $41.6M | $23.6M | $8.8M | $4.7M | $6.7M | $9.2M | $9.2M | $22.2M | $18.2M | $13.2M | $18.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $320,254 | $180,573 | $0 | $100,756 | $98,135 | $73,100 | — | — | — | — | — |
| Other long-term liabilities | $2,603 | $79,310 | $316,628 | $134,394 | $201,995 | $246,454 | $315,250 | $382,480 | $465,489 | $509,925 | $655,435 | $877,860 |
| Total liabilities | $36.6M | $41.7M | $23.9M | $8.9M | $4.9M | $6.9M | $9.5M | $9.6M | $22.6M | $18.7M | $13.9M | $19.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.7M | $1.7M | $818,486 | $59,583 | $59,583 | $59,583 | $59,583 | $59,583 | $59,583 | $59,583 | $59,583 | $50,000 |
| Retained earnings (deficit) | −$17.9M | −$15.8M | $3.5M | $4.3M | $6.3M | $5.9M | $14.1M | $15.5M | $14.6M | $14.7M | $13.9M | $12.2M |
| Accumulated other comprehensive income | $15.5M | $6.0M | $1.2M | $1.9M | $700,479 | $425,246 | $2.3M | $1.1M | $4.5M | $3.7M | $3.2M | $1.6M |
| Minority interest | $1.0M | $1.0M | $1.4M | — | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $398.2M | $390.9M | $182.1M | $42.7M | $43.4M | $42.8M | $52.8M | $53.1M | $55.5M | $54.9M | $53.8M | $26.1M |
| Key figures | ||||||||||||
| Total debt | $1.2M | $1.9M | $1.8M | — | $100,756 | $577,850 | $671,939 | $1.8M | $13.0M | $8.0M | $3.3M | $7.6M |
| Net cash (debt) | $10.4M | $8.9M | $12.8M | — | $25.3M | $21.8M | $8.2M | $12.6M | −$1.2M | $2.4M | $37.0M | $4.3M |
| Working capital | $9.2M | $9.9M | $19.4M | $21.0M | $28.6M | $27.9M | $17.9M | $20.9M | $20.8M | $22.2M | $45.3M | $19.1M |
| Tangible book value | $33.6M | $35.5M | $42.3M | $38.2M | $40.0M | $39.4M | $49.2M | $51.3M | $53.6M | $52.9M | $51.9M | $24.2M |
| Book value per share | $64.37 | $91.47 | — | $5.98 | — | $5.98 | $1.48 | — | — | — | — | — |
| Shares outstanding | 6.2M | 4.3M | — | 7.2M | — | 7.2M | 35.8M | — | — | — | — | — |
| Current ratio | 1.25 | 1.24 | 1.82 | 3.39 | 7.05 | 5.18 | 2.95 | 3.27 | 1.94 | 2.22 | 4.42 | 2.04 |
| Quick ratio | 0.64 | 0.67 | 1.33 | 2.73 | 5.94 | 4.32 | 1.55 | 2.09 | 1.07 | 1.32 | 3.35 | 1.33 |
| Debt / equity | 0.00 | 0.00 | 0.01 | — | 0.00 | 0.01 | 0.01 | 0.03 | 0.23 | 0.15 | 0.06 | 0.29 |
| Equity / assets | 91.2% | 90.1% | 87.8% | 80.6% | 87.1% | 83.5% | 82.3% | 82.2% | 69.2% | 72.8% | 76.8% | 54.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 30, 2025); data from EODHD.
BGM financial position
At the end of fiscal 2025 (September 30, 2025), Qilian International had total assets of $433.8 million (up 718.5% from a year earlier), total liabilities of $41.7 million and shareholders' equity of $390.9 million. It held $10.8 million in cash and short-term investments against $1.9 million of debt, a net cash position of $8.9 million. Its current ratio was 1.24. In the latest quarter (ended March 31, 2026) total assets were $436.5 million and equity $398.2 million.
Related: BGM income statement, BGM cash flow statement, BGM key metrics. See the BGM stock overview for the latest quote and news.
BGM balance sheet FAQ
What are Qilian International's total assets?
Qilian International reported total assets of $433.8 million at the end of fiscal 2025 (September 30, 2025), compared with $53.0 million a year earlier.
How much debt does Qilian International have?
Qilian International had $1.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Qilian International have?
Qilian International held $10.8 million in cash and short-term investments at the end of fiscal 2025; with $1.9 million of debt that is net cash of $8.9 million.
What is Qilian International's book value?
Qilian International's shareholders' equity (book value) was $390.9 million at the end of fiscal 2025, or $103.53 per share.
What is Qilian International's current ratio?
Qilian International had current assets of $51.5 million and current liabilities of $41.6 million, a current ratio of 1.24 (it can cover its short-term obligations).
How much goodwill does Qilian International have?
Qilian International carried $355.3 million of goodwill and intangible assets, 81.9% of total assets, at the end of fiscal 2025.