Cardio Diagnostics Holdings, Inc. (CDIO) Balance Sheet
CDIO balance sheet, 2025
December 31, 2025 · U.S. dollars$7.8M assets = $793,061 liabilities + $7.0M equity
Both columns are drawn to the same scale: what CDIO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CDIO financial health
Descriptive bands, not a rating. Fiscal 2025.
CDIO balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $446,3752020 | $7.8M2025 | +77.1%/yr | |
| Total liabilities | $386,0102020 | $793,0612025 | +15.5%/yr | |
| Shareholders’ equity | $60,3652020 | $7.0M2025 | +158.5%/yr | |
| Cash & short-term investments | $237,0872020 | $5.1M2025 | +84.8%/yr | |
| Total debt | $849,0322022 | $695,6192025 | −6.4%/yr | |
| Net cash (debt) | $3.3M2022 | $4.4M2025 | +$1.1M | |
| Working capital | −$140,0932020 | $5.3M2025 | +$5.5M | |
| Book value per share | $0.012020 | $3.982025 | +262.7%/yr | |
| Current ratio | 0.642020 | 9.792025 | +9.15 | |
| Debt / equity | 0.202022 | 0.102025 | −0.10 | |
| Shares outstanding | 9.5M2020 | 1.8M2025 | −28.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CDIO assets
CDIO liabilities and equity
CDIO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CDIO balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $5.1M | $7.8M | $1.3M | $4.1M | $512,767 | $237,087 |
| Cash & equivalents | $5.1M | $7.8M | $1.3M | $4.1M | $512,767 | $237,087 |
| Receivables | $8,126 | $18,612 | $4,960 | $0 | $901 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $250,000 | $0 |
| Other current assets | $801,947 | $944,683 | $1.5M | $1.8M | $39,839 | $8,830 |
| Total current assets | $5.9M | $8.8M | $2.8M | $5.9M | $803,507 | $245,917 |
| Property, plant & equipment (net) | $959,680 | $1.1M | $1.1M | $0 | $0 | $0 |
| Goodwill & intangible assets | $873,182 | $1.4M | $536,735 | $358,641 | $298,487 | $200,458 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $12,850 | $0 | $12,850 | $4,950 | $0 | $0 |
| Total assets | $7.8M | $10.6M | $4.5M | $6.2M | $1.1M | $446,375 |
| Liabilities | ||||||
| Accounts payable | $97,442 | $87,661 | $243,213 | $1.1M | $33,885 | $39,539 |
| Short-term debt | $507,397 | $544,034 | $597,929 | $849,032 | — | — |
| Deferred revenue | — | — | −$223,929 | −$849,032 | — | — |
| Total current liabilities | $604,839 | $631,695 | $841,142 | $1.9M | $33,885 | $386,010 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $425,829 | $663,099 | $887,028 | $0 | — | — |
| Other long-term liabilities | $188,222 | $425,829 | $663,099 | $1.1M | $123 | $0 |
| Total liabilities | $793,061 | $1.1M | $1.5M | $1.9M | $33,885 | $386,010 |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $18 | $459 | $205 | $95 | $123 | $1,050 |
| Retained earnings (deficit) | −$29.2M | −$22.8M | −$14.4M | −$6.0M | −$1.3M | −$710,113 |
| Accumulated other comprehensive income | — | $0 | $0 | — | $0 | — |
| Total shareholders' equity | $7.0M | $9.6M | $3.0M | $4.3M | $1.1M | $60,365 |
| Key figures | ||||||
| Total debt | $695,619 | $969,863 | $1.3M | $849,032 | — | — |
| Net cash (debt) | $4.4M | $6.9M | $22,495 | $3.3M | — | — |
| Working capital | $5.3M | $8.2M | $1.9M | $3.9M | $769,622 | −$140,093 |
| Tangible book value | $6.1M | $8.2M | $2.4M | $3.9M | $769,622 | −$140,093 |
| Book value per share | $3.98 | — | — | $1.39 | — | $0.01 |
| Shares outstanding | 1.8M | — | — | 3.1M | — | 9.5M |
| Current ratio | 9.79 | 13.92 | 3.29 | 3.02 | 23.71 | 0.64 |
| Quick ratio | 8.46 | 12.42 | 1.53 | 2.11 | 15.16 | 0.61 |
| Debt / equity | 0.10 | 0.10 | 0.43 | 0.20 | — | — |
| Equity / assets | 89.8% | 90.0% | 66.3% | 68.8% | 96.9% | 13.5% |
| 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 | $5.6M | $7.1M | $5.1M | $6.4M | $8.0M | $9.7M | $7.8M | $2.0M | $1.3M | $1.6M | $1.3M | $3.6M |
| Cash & equivalents | $5.6M | $7.1M | $5.1M | $6.4M | $8.0M | $9.7M | $7.8M | $2.0M | $1.3M | $1.6M | $1.3M | $3.6M |
| Receivables | $3,905 | $4,274 | $8,126 | $11,221 | $12,927 | $9,552 | $18,612 | $14,100 | $7,520 | $18,988 | $4,960 | $350 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $569,357 | $663,320 | $801,947 | $561,033 | $723,921 | $837,222 | $944,683 | $630,482 | $820,887 | $1.0M | $1.5M | $892,300 |
| Total current assets | $6.2M | $7.7M | $5.9M | $6.9M | $8.7M | $10.5M | $8.8M | $2.6M | $2.1M | $2.6M | $2.8M | $4.5M |
| Property, plant & equipment (net) | $782,472 | $872,320 | $959,680 | $1.0M | $969,201 | $1.0M | $1.1M | $1.2M | $1.2M | $1.1M | $1.1M | $916,517 |
| Goodwill & intangible assets | $970,782 | $929,586 | $873,182 | $800,478 | $711,148 | $702,612 | $706,422 | $660,796 | $610,277 | $581,898 | $536,735 | $511,642 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 | $12,850 |
| Total assets | $7.9M | $9.6M | $7.8M | $8.8M | $10.4M | $12.3M | $10.6M | $4.5M | $4.0M | $4.3M | $4.5M | $6.0M |
| Liabilities | ||||||||||||
| Accounts payable | $130,082 | $122,970 | $97,442 | $150,734 | $48,724 | $108,181 | $87,661 | $74,808 | $52,081 | $224,719 | $243,213 | $623,075 |
| Short-term debt | $229,115 | $368,473 | $507,397 | $247,714 | $244,182 | $240,707 | $544,034 | $233,871 | $324,015 | $460,953 | — | $1.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$145,581 | −$227,203 | — | — |
| Total current liabilities | $359,197 | $491,443 | $604,839 | $398,448 | $369,597 | $540,616 | $631,695 | $308,679 | $376,096 | $685,672 | $841,142 | $3.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $302,250 | $364,383 | $425,829 | $486,597 | $546,433 | $605,089 | $663,099 | $720,468 | $776,948 | $832,293 | $887,028 | $898,534 |
| Other long-term liabilities | $140,583 | $164,528 | $188,222 | $238,883 | $302,251 | $364,382 | $425,829 | $486,597 | $546,433 | $605,090 | $663,099 | $720,468 |
| Total liabilities | $499,780 | $655,972 | $793,061 | $637,331 | $671,848 | $904,998 | $1.1M | $795,276 | $922,529 | $1.3M | $1.5M | $3.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $29 | $29 | $18 | $18 | $17 | $17 | $459 | $303 | $233 | $216 | — | $131 |
| Retained earnings (deficit) | −$32.5M | −$31.0M | −$29.2M | −$27.8M | −$26.1M | −$24.4M | −$22.8M | −$21.2M | −$19.8M | −$18.5M | −$14.4M | −$13.0M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $0 | — | $0 | $0 | — | $0 |
| Total shareholders' equity | $7.4M | $8.9M | $7.0M | $8.2M | $9.7M | $11.4M | $9.6M | $3.7M | $3.1M | $3.0M | $3.0M | $2.3M |
| Key figures | ||||||||||||
| Total debt | $369,698 | $533,000 | $695,619 | $486,597 | $546,433 | $605,089 | $969,863 | $720,468 | $870,448 | $1.1M | — | $1.9M |
| Net cash (debt) | $5.2M | $6.5M | $4.4M | $5.9M | $7.4M | $9.1M | $6.9M | $1.3M | $439,671 | $497,096 | — | $1.8M |
| Working capital | $5.8M | $7.3M | $5.3M | $6.5M | $8.3M | $10.0M | $8.2M | $2.3M | $1.8M | $1.9M | $1.9M | $1.6M |
| Tangible book value | $6.5M | $8.0M | $6.1M | $7.4M | $9.0M | $10.7M | $8.9M | $3.0M | $2.5M | $2.5M | $2.4M | $1.8M |
| Book value per share | $2.51 | $3.13 | $3.82 | $4.64 | $5.59 | $6.75 | — | — | — | $4.32 | — | $0.19 |
| Shares outstanding | 3.0M | 2.8M | 1.8M | 1.8M | 1.7M | 1.7M | — | — | — | 703K | — | 11.9M |
| Current ratio | 17.15 | 15.76 | 9.79 | 17.39 | 23.55 | 19.49 | 13.92 | 8.51 | 5.69 | 3.78 | 3.29 | 1.53 |
| Quick ratio | 15.56 | 14.41 | 8.46 | 15.98 | 21.59 | 17.94 | 12.42 | 6.47 | 3.50 | 2.31 | 1.53 | 1.23 |
| Debt / equity | 0.05 | 0.06 | 0.10 | 0.06 | 0.06 | 0.05 | 0.10 | 0.20 | 0.28 | 0.35 | — | 0.82 |
| Equity / assets | 93.7% | 93.1% | 89.8% | 92.7% | 93.5% | 92.6% | 90.0% | 82.3% | 76.9% | 70.2% | 66.3% | 38.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
CDIO financial position
At the end of fiscal 2025 (December 31, 2025), Cardio Diagnostics had total assets of $7.8 million (down 26.8% from a year earlier), total liabilities of $0.8 million and shareholders' equity of $7.0 million. It held $5.1 million in cash and short-term investments against $0.7 million of debt, a net cash position of $4.4 million. Its current ratio was 9.79. In the latest quarter (ended June 30, 2026) total assets were $7.9 million and equity $7.4 million.
Related: CDIO income statement, CDIO cash flow statement, CDIO key metrics. See the CDIO stock overview for the latest quote and news.
CDIO balance sheet FAQ
What are Cardio Diagnostics's total assets?
Cardio Diagnostics reported total assets of $7.8 million at the end of fiscal 2025 (December 31, 2025), compared with $10.6 million a year earlier.
How much debt does Cardio Diagnostics have?
Cardio Diagnostics had $0.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.
How much cash does Cardio Diagnostics have?
Cardio Diagnostics held $5.1 million in cash and short-term investments at the end of fiscal 2025; with $0.7 million of debt that is net cash of $4.4 million.
What is Cardio Diagnostics's book value?
Cardio Diagnostics's shareholders' equity (book value) was $7.0 million at the end of fiscal 2025, or $3.98 per share.
What is Cardio Diagnostics's current ratio?
Cardio Diagnostics had current assets of $5.9 million and current liabilities of $0.6 million, a current ratio of 9.79 (it can cover its short-term obligations).
How much goodwill does Cardio Diagnostics have?
Cardio Diagnostics carried $0.9 million of goodwill and intangible assets, 11.2% of total assets, at the end of fiscal 2025.