Barnwell Industries, Inc. (BRN) Balance Sheet
BRN balance sheet, FY2025
September 30, 2025 · U.S. dollars$20.8M assets = $13.8M liabilities + $7.0M equity
Both columns are drawn to the same scale: what BRN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BRN financial health
Descriptive bands, not a rating. Fiscal FY2025.
BRN balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $31.6MFY2016 | $20.8MFY2025 | −4.5%/yr | |
| Total liabilities | $17.8MFY2016 | $13.8MFY2025 | −2.8%/yr | |
| Shareholders’ equity | $13.7MFY2016 | $7.0MFY2025 | −7.2%/yr | |
| Cash & short-term investments | $16.7MFY2016 | $2.9MFY2025 | −17.7%/yr | |
| Total debt | $165,000FY2016 | $264,000FY2025 | +5.4%/yr | |
| Net cash (debt) | $16.6MFY2016 | $2.6MFY2025 | −$14.0M | |
| Working capital | $16.4MFY2016 | $504,000FY2025 | −$15.9M | |
| Book value per share | $1.66FY2016 | $0.70FY2025 | −9.2%/yr | |
| Current ratio | 4.46FY2016 | 1.11FY2025 | −3.35 | |
| Debt / equity | 0.01FY2016 | 0.04FY2025 | +0.03 | |
| Shares outstanding | 8.3MFY2016 | 10.1MFY2025 | +2.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BRN assets
BRN liabilities and equity
BRN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BRN balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.9M | $4.5M | $2.8M | $12.8M | $11.3M | $4.6M | $4.6M | $6.7M | $21.7M | $16.7M |
| Cash & equivalents | $2.9M | $4.5M | $2.8M | $12.8M | $11.3M | $4.6M | $4.6M | $6.0M | $16.3M | $15.6M |
| Short-term investments | — | — | — | — | — | $901,000 | $0 | $741,000 | $5.5M | $1.2M |
| Receivables | $1.9M | $2.8M | $4.2M | $4.9M | $3.6M | $2.6M | $2.3M | $4.4M | $2.6M | $1.2M |
| Inventory | $0 | $65,000 | $348,000 | $351,000 | $687,000 | $699,000 | $729,000 | $0 | $1.0M | $2.2M |
| Other current assets | $423,000 | $1.5M | $1.7M | $2.0M | $2.5M | $1.6M | $1.1M | $950,000 | $0 | $934,000 |
| Total current assets | $5.2M | $8.9M | $9.1M | $20.1M | $18.0M | $9.5M | $8.7M | $12.1M | $25.1M | $21.1M |
| Property, plant & equipment (net) | $154,000 | $16.9M | $21.9M | $13.7M | $4.2M | $4.0M | $8.4M | $16.4M | $5.4M | $6.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.9M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $901,000 | $1.2M | $2.0M | $2.2M | $3.6M |
| Other non-current assets | $15.4M | $4.9M | $4.5M | $3.4M | $2.2M | $771,000 | $0 | $0 | $300,000 | $0 |
| Total assets | $20.8M | $30.7M | $35.4M | $37.2M | $24.4M | $15.2M | $18.3M | $31.4M | $33.0M | $31.6M |
| Liabilities | ||||||||||
| Accounts payable | $2.2M | $1.8M | $881,000 | $1.5M | $1.4M | $2.1M | $1.2M | $1.2M | $1.2M | $1.4M |
| Short-term debt | $78,000 | $68,000 | $71,000 | $105,000 | $455,000 | $311,000 | $1.6M | $42,000 | $40,000 | $165,000 |
| Deferred revenue | — | — | $377,000 | $1.1M | $455,000 | $2.9M | $1.6M | $42,000 | $40,000 | $165,000 |
| Total current liabilities | $4.7M | $7.8M | $6.6M | $8.9M | $5.9M | $6.4M | $4.8M | $3.6M | $4.8M | $4.7M |
| Long-term debt | $0 | $0 | $0 | $44,000 | $47,000 | $58,000 | $0 | $0 | $0 | $0 |
| Lease obligations | $93,000 | $7,000 | $47,000 | $117,000 | $180,000 | $254,000 | — | $0 | $0 | $0 |
| Other long-term liabilities | $9.1M | $9.8M | $10.1M | $9.1M | $9.0M | $10.7M | $12.2M | $11.5M | $10.0M | $13.1M |
| Total liabilities | $13.8M | $17.6M | $16.7M | $18.1M | $14.9M | $17.1M | $17.0M | $15.1M | $14.8M | $17.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $5.1M | $5.1M | $5.1M | $5.1M | $4.8M | $4.2M | $4.2M | $4.2M | $4.2M | $4.2M |
| Retained earnings (deficit) | −$6.5M | $595,000 | $6.2M | $7.7M | $2.4M | −$3.9M | $859,000 | $13.3M | $15.0M | $13.9M |
| Treasury stock | — | — | — | — | −$2.3M | −$2.3M | −$2.3M | −$2.3M | −$2.3M | −$2.3M |
| Accumulated other comprehensive income | $2.6M | $1.9M | $2.1M | $1.3M | $32,000 | −$1.4M | −$2.9M | −$514,000 | −$1.1M | −$3.9M |
| Minority interest | $14,000 | $22,000 | $13,000 | $20,000 | — | $92,000 | $100,000 | $213,000 | $931,000 | $530,000 |
| Total shareholders' equity | $7.0M | $13.0M | $18.7M | $19.1M | $9.5M | −$2.0M | $1.3M | $16.2M | $18.2M | $13.7M |
| Key figures | ||||||||||
| Total debt | $264,000 | $7,000 | $47,000 | $266,000 | $502,000 | $512,000 | $1.6M | $42,000 | $40,000 | $165,000 |
| Net cash (debt) | $2.6M | $4.5M | $2.8M | $12.5M | $10.8M | $4.1M | $3.0M | $6.7M | $21.7M | $16.6M |
| Working capital | $504,000 | $1.1M | $2.5M | $11.2M | $12.1M | $3.1M | $3.9M | $8.5M | $20.3M | $16.4M |
| Tangible book value | $7.0M | $13.0M | $18.7M | $19.1M | $9.5M | −$2.0M | $1.3M | $11.4M | $18.2M | $13.7M |
| Book value per share | $0.70 | $1.30 | $1.88 | $1.97 | $1.11 | −$0.25 | $0.16 | $1.96 | $2.20 | $1.66 |
| Shares outstanding | 10.1M | 10.0M | 10.0M | 9.7M | 8.6M | 8.3M | 8.3M | 8.3M | 8.3M | 8.3M |
| Current ratio | 1.11 | 1.14 | 1.38 | 2.25 | 3.06 | 1.49 | 1.83 | 3.33 | 5.24 | 4.46 |
| Quick ratio | 1.02 | 0.93 | 1.07 | 1.99 | 2.52 | 1.13 | 1.44 | 3.07 | 5.06 | 3.79 |
| Debt / equity | 0.04 | 0.00 | 0.00 | 0.01 | 0.05 | — | 1.23 | 0.00 | 0.00 | 0.01 |
| Equity / assets | 33.7% | 42.5% | 52.9% | 51.4% | 38.9% | −13.5% | 7.3% | 51.8% | 55.1% | 43.5% |
| 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 | $4.5M | $4.0M | $3.6M | $2.9M | $1.2M | $1.4M | $2.0M | $4.5M | $4.4M | $3.7M | $3.2M | $2.8M |
| Cash & equivalents | $4.5M | $4.0M | $3.6M | $2.9M | $1.2M | $1.4M | $2.0M | $4.5M | $4.4M | $3.7M | $3.2M | $2.8M |
| Receivables | $1.4M | $2.0M | $1.6M | $1.9M | $2.3M | $2.6M | $2.4M | $3.0M | $3.3M | $4.1M | $4.2M | $4.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $348,000 | $348,000 |
| Other current assets | $577,000 | $444,000 | $594,000 | $423,000 | $630,000 | $790,000 | $1.6M | $1.3M | $2.1M | $1.9M | $1.4M | $1.7M |
| Total current assets | $6.5M | $6.4M | $5.8M | $5.2M | $4.1M | $4.8M | $6.0M | $8.9M | $9.8M | $9.6M | $9.1M | $9.1M |
| Property, plant & equipment (net) | $372,000 | $390,000 | $624,000 | $9.3M | $678,000 | $14.2M | $15.0M | $16.9M | $16.9M | $18.5M | $21.3M | $21.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $14,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $14.6M | $14.7M | $15.0M | $6.3M | $19.0M | $5.4M | $5.0M | $4.9M | $4.7M | $4.6M | $4.6M | $4.5M |
| Total assets | $21.5M | $21.5M | $21.5M | $20.8M | $23.8M | $24.4M | $26.0M | $30.7M | $31.4M | $32.8M | $35.0M | $35.4M |
| Liabilities | ||||||||||||
| Accounts payable | $1.2M | $2.2M | $1.9M | $2.2M | $1.9M | $1.8M | $1.3M | $1.8M | $1.3M | $1.3M | $1.3M | $881,000 |
| Short-term debt | — | — | $0 | $78,000 | $109,000 | $153,000 | $0 | $68,000 | — | $1 | $71,000 | $71,000 |
| Deferred revenue | — | — | — | — | — | — | — | — | $18,000 | $320,000 | $232,000 | $377,000 |
| Total current liabilities | $3.4M | $4.3M | $4.0M | $4.7M | $5.4M | $4.9M | $5.3M | $7.8M | $6.5M | $6.3M | $6.6M | $6.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $67,000 | $82,000 | $93,000 | $107,000 | $112,000 | $122,000 | $7,000 | $15,000 | $25,000 | $36,000 | $47,000 |
| Other long-term liabilities | $9.1M | $9.1M | $9.3M | $9.1M | $9.7M | $9.4M | $9.4M | $9.8M | $9.9M | $10.1M | $10.2M | $10.1M |
| Total liabilities | $12.6M | $13.4M | $13.3M | $13.8M | $15.2M | $14.2M | $14.7M | $17.6M | $16.4M | $16.4M | $16.8M | $16.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7.3M | $6.8M | $6.4M | $5.1M | $5.1M | $5.1M | $5.1M | $5.1M | $5.1M | $5.1M | $5.1M | $5.1M |
| Retained earnings (deficit) | −$9.5M | −$9.1M | −$7.9M | −$6.5M | −$4.1M | −$2.5M | −$1.3M | $595,000 | $2.5M | $3.7M | $5.5M | $6.2M |
| Accumulated other comprehensive income | $2.7M | $2.7M | $2.6M | $2.6M | $2.0M | $2.0M | $2.0M | $1.9M | $2.1M | $2.1M | $2.1M | $2.1M |
| Minority interest | — | $27,000 | $28,000 | $14,000 | $17,000 | $20,000 | — | — | — | — | — | — |
| Total shareholders' equity | $8.9M | $8.1M | $8.2M | $7.0M | $8.6M | $10.1M | $11.3M | $13.0M | $15.0M | $16.4M | $18.2M | $18.7M |
| Key figures | ||||||||||||
| Total debt | $53,000 | $67,000 | $164,000 | $264,000 | $107,000 | $112,000 | $122,000 | $7,000 | $15,000 | $25,000 | $36,000 | $47,000 |
| Net cash (debt) | $4.4M | $3.9M | $3.5M | $2.6M | $1.0M | $1.3M | $1.8M | $4.5M | $4.4M | $3.7M | $3.2M | $2.8M |
| Working capital | $3.1M | $2.2M | $1.8M | $504,000 | −$1.3M | −$57,000 | $642,000 | $1.1M | $3.3M | $3.3M | $2.5M | $2.5M |
| Tangible book value | $8.9M | $8.1M | $8.2M | $7.0M | $8.6M | $10.1M | $11.3M | $13.0M | $15.0M | $16.4M | $18.2M | $18.7M |
| Book value per share | $0.62 | $0.64 | $0.74 | $0.70 | $0.85 | $1.01 | $1.12 | $1.30 | $1.49 | $1.64 | $1.82 | $1.88 |
| Shares outstanding | 14.3M | 12.7M | 11.1M | 10.1M | 10.1M | 10.1M | 10.0M | 10.0M | 10.0M | 10.0M | 10.0M | 10.0M |
| Current ratio | 1.90 | 1.50 | 1.46 | 1.11 | 0.76 | 0.99 | 1.12 | 1.14 | 1.51 | 1.53 | 1.37 | 1.38 |
| Quick ratio | 1.73 | 1.40 | 1.31 | 1.02 | 0.64 | 0.83 | 0.82 | 0.97 | 1.18 | 1.23 | 1.11 | 1.07 |
| Debt / equity | 0.01 | 0.01 | 0.02 | 0.04 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 41.3% | 37.7% | 38.0% | 33.7% | 36.1% | 41.6% | 43.4% | 42.5% | 47.7% | 50.0% | 51.9% | 52.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 23, 2025); data from EODHD.
BRN financial position
At the end of fiscal 2025 (September 30, 2025), Barnwell Industries had total assets of $20.8 million (down 32.1% from a year earlier), total liabilities of $13.8 million and shareholders' equity of $7.0 million. It held $2.9 million in cash and short-term investments against $0.3 million of debt, a net cash position of $2.6 million. Its current ratio was 1.11. In the latest quarter (ended June 30, 2026) total assets were $21.5 million and equity $8.9 million.
Related: BRN income statement, BRN cash flow statement, BRN key metrics. See the BRN stock overview for the latest quote and news.
BRN balance sheet FAQ
What are Barnwell Industries's total assets?
Barnwell Industries reported total assets of $20.8 million at the end of fiscal 2025 (September 30, 2025), compared with $30.7 million a year earlier.
How much debt does Barnwell Industries have?
Barnwell Industries had $0.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.04.
How much cash does Barnwell Industries have?
Barnwell Industries held $2.9 million in cash and short-term investments at the end of fiscal 2025; with $0.3 million of debt that is net cash of $2.6 million.
What is Barnwell Industries's book value?
Barnwell Industries's shareholders' equity (book value) was $7.0 million at the end of fiscal 2025, or $0.70 per share.
What is Barnwell Industries's current ratio?
Barnwell Industries had current assets of $5.2 million and current liabilities of $4.7 million, a current ratio of 1.11 (it can cover its short-term obligations).