Euro Tech Holdings Company Limited (CLWT) Balance Sheet
CLWT balance sheet, 2025
December 31, 2025 · U.S. dollars$21.3M assets = $4.8M liabilities + $16.6M equity
Both columns are drawn to the same scale: what CLWT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CLWT financial health
Descriptive bands, not a rating. Fiscal 2025.
CLWT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $23.1M2016 | $21.3M2025 | −0.9%/yr | |
| Total liabilities | $6.5M2016 | $4.8M2025 | −3.4%/yr | |
| Shareholders’ equity | $15.4M2016 | $15.6M2025 | +0.1%/yr | |
| Cash & short-term investments | $3.8M2016 | $5.2M2025 | +3.7%/yr | |
| Total debt | $720,0002016 | $329,0002025 | −8.3%/yr | |
| Net cash (debt) | $3.0M2016 | $4.9M2025 | +$1.8M | |
| Working capital | $3.1M2016 | $4.7M2025 | +$1.6M | |
| Book value per share | $2.002016 | $2.052025 | +0.3%/yr | |
| Current ratio | 1.482016 | 2.012025 | +0.54 | |
| Debt / equity | 0.052016 | 0.022025 | −0.03 | |
| Shares outstanding | 7.7M2016 | 7.6M2025 | −0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CLWT assets
CLWT liabilities and equity
CLWT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CLWT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $5.2M | $5.8M | $5.5M | $5.6M | $5.3M | $3.5M | $6.0M | $5.3M | $3.4M | $3.8M |
| Cash & equivalents | $5.2M | $5.8M | $5.5M | $5.6M | $5.3M | $3.5M | $6.0M | $5.3M | $3.4M | $3.8M |
| Short-term investments | — | — | $144,000 | — | — | — | — | $0 | $133 | $0 |
| Receivables | $3.6M | $1.6M | $3.1M | $2.0M | $3.9M | $3.9M | $4.3M | $6.2M | $4.1M | $4.9M |
| Inventory | $344,000 | $500,000 | $723,000 | $603,000 | $547,000 | $342,000 | $586,000 | $401,000 | $496,000 | $344,000 |
| Other current assets | $171,000 | $1.3M | $1.3M | $1.3M | $1.8M | $2.7M | $1.2M | $1.6M | $1.6M | $600,000 |
| Total current assets | $9.3M | $9.2M | $10.5M | $9.4M | $11.5M | $10.4M | $12.0M | $13.5M | $9.6M | $9.6M |
| Property, plant & equipment (net) | $494,000 | $260,000 | $401,000 | $398,000 | $453,000 | $492,000 | $1.1M | $754,000 | $734,000 | $771,000 |
| Goodwill & intangible assets | $1.1M | $1.1M | $1.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M | $2.1M |
| Long-term investments | $10.0M | $9.9M | $9.9M | $8.3M | $8.1M | $8.1M | $7.9M | $7.6M | $12.2M | $11.5M |
| Other non-current assets | $566,000 | $201,000 | $247,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $21.3M | $20.7M | $22.1M | $19.4M | $21.2M | $20.1M | $22.2M | $23.1M | $23.7M | $23.1M |
| Liabilities | ||||||||||
| Accounts payable | $2.7M | $2.3M | $3.5M | $2.3M | $3.2M | $2.4M | $3.9M | $4.9M | $3.7M | $3.2M |
| Short-term debt | $169,000 | $83,000 | $324,000 | $335,000 | $551,000 | $479,000 | $735,000 | $24,000 | $97,000 | $720,000 |
| Deferred revenue | $580,000 | $598,000 | $204,000 | $630,000 | $1.1M | $1.1M | $900,000 | $1.4M | $1.9M | $1.1M |
| Total current liabilities | $4.6M | $4.0M | $5.6M | $4.5M | $6.4M | $5.5M | $6.7M | $7.5M | $6.6M | $6.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $329,000 | $92,000 | $214,000 | $200,000 | $216,000 | $212,000 | $386,000 | $0 | $0 | $0 |
| Other long-term liabilities | $160,000 | $9,000 | $44,000 | $87,000 | $44,000 | $99,000 | $216,000 | $0 | $0 | $0 |
| Total liabilities | $4.8M | $4.0M | $5.6M | $4.6M | $6.4M | $5.6M | $6.9M | $7.5M | $6.6M | $6.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $125,000 | $123,000 | $123,000 | $123,000 | $123,000 | $123,000 | $123,000 | $123,000 | $123,000 | $123,000 |
| Retained earnings (deficit) | $5.8M | $5.6M | $5.5M | $3.6M | $3.8M | $3.8M | $4.3M | $4.5M | $5.8M | $5.3M |
| Treasury stock | — | — | — | — | — | — | −$786,000 | −$786,000 | −$786,000 | −$786,000 |
| Accumulated other comprehensive income | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.2M | $1.2M | $1.2M | $1.3M | $1.2M |
| Minority interest | $971,000 | $951,000 | $839,000 | $1.0M | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $15.6M | $15.7M | $15.6M | $13.8M | $13.9M | $13.9M | $14.5M | $14.6M | $16.0M | $15.4M |
| Key figures | ||||||||||
| Total debt | $329,000 | $92,000 | $368,000 | $422,000 | $592,000 | $573,000 | $951,000 | $24,000 | $97,000 | $720,000 |
| Net cash (debt) | $4.9M | $5.7M | $5.1M | $5.2M | $4.7M | $2.9M | $5.0M | $5.2M | $3.3M | $3.0M |
| Working capital | $4.7M | $5.2M | $4.9M | $5.0M | $5.1M | $4.9M | $5.3M | $6.0M | $3.0M | $3.1M |
| Tangible book value | $14.5M | $14.7M | $14.6M | $11.6M | $11.7M | $11.8M | $12.3M | $12.4M | $13.8M | $13.3M |
| Book value per share | $2.05 | $2.04 | $2.02 | $1.78 | $1.80 | $1.80 | $2.51 | $1.89 | $2.07 | $2.00 |
| Shares outstanding | 7.6M | 7.7M | 7.7M | 7.7M | 7.7M | 7.7M | 5.8M | 7.7M | 7.7M | 7.7M |
| Current ratio | 2.01 | 2.30 | 1.88 | 2.11 | 1.80 | 1.89 | 1.80 | 1.80 | 1.45 | 1.48 |
| Quick ratio | 1.90 | 1.86 | 1.52 | 1.70 | 1.44 | 1.34 | 1.54 | 1.53 | 1.13 | 1.33 |
| Debt / equity | 0.02 | 0.01 | 0.02 | 0.03 | 0.04 | 0.04 | 0.07 | 0.00 | 0.01 | 0.05 |
| Equity / assets | 73.2% | 76.0% | 70.7% | 71.1% | 65.3% | 69.3% | 65.1% | 63.3% | 67.3% | 66.8% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $5.2M | $4.3M | $4.5M | $5.8M | $5.8M | $4.5M | $5.5M | $5.5M | $5.5M | $4.4M | $5.6M | $5.6M |
| Cash & equivalents | $5.2M | $4.3M | $4.5M | $5.8M | $5.8M | $4.5M | $5.5M | $5.5M | $5.5M | $4.4M | $5.6M | $5.6M |
| Short-term investments | — | — | — | — | — | — | $144,000 | — | — | — | — | — |
| Receivables | $3.6M | $2.0M | $1.4M | $1.6M | $1.4M | $1.5M | $3.1M | $2.9M | $2.9M | $1.7M | $2.0M | $1.6M |
| Inventory | $344,000 | $344,000 | $302,000 | $500,000 | $500,000 | $426,000 | $723,000 | $723,000 | $723,000 | $593,000 | $603,000 | $603,000 |
| Other current assets | $171,000 | $2.6M | $2.0M | $1.3M | $1.5M | $1.9M | $1.3M | $1.5M | $1.4M | $1.5M | $1.3M | $1.6M |
| Total current assets | $9.3M | $9.3M | $8.2M | $9.2M | $9.2M | $8.3M | $10.5M | $10.5M | $10.5M | $8.2M | $9.4M | $9.4M |
| Property, plant & equipment (net) | $494,000 | $494,000 | $388,000 | $260,000 | $260,000 | $258,000 | $401,000 | $401,000 | $401,000 | $493,000 | $398,000 | $398,000 |
| Goodwill & intangible assets | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $1.1M | $2.1M | $2.1M | $1.1M |
| Long-term investments | $0 | $10.0M | $9.8M | $0 | $9.9M | $9.8M | $0 | $9.9M | $0 | $8.1M | $0 | $8.3M |
| Other non-current assets | $10.5M | $566,000 | $395,000 | $10.1M | $201,000 | $120,000 | $10.1M | $247,000 | $10.1M | $0 | $7.4M | $193,000 |
| Total assets | $21.3M | $21.3M | $19.8M | $20.7M | $20.7M | $19.5M | $22.1M | $22.1M | $22.1M | $18.0M | $19.4M | $19.4M |
| Liabilities | ||||||||||||
| Accounts payable | $2.7M | $2.7M | $1.5M | $2.3M | $2.3M | $2.3M | $3.5M | $3.5M | $3.5M | $1.9M | $2.3M | $2.3M |
| Short-term debt | $169,000 | — | $127,000 | $83,000 | — | $95,000 | $324,000 | — | $324,000 | $166,000 | $335,000 | — |
| Deferred revenue | $580,000 | — | $761,000 | $598,000 | — | $441,000 | $655,000 | — | — | $551,000 | $630,000 | — |
| Total current liabilities | $4.6M | $4.6M | $3.3M | $4.0M | $4.0M | $3.8M | $5.6M | $5.6M | $5.6M | $3.5M | $4.5M | $4.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $329,000 | $222,000 | — | $92,000 | $95,000 | — | $214,000 | — | $303,000 | — | $200,000 |
| Other long-term liabilities | $160,000 | $160,000 | $95,000 | $9,000 | $9,000 | $1 | $44,000 | $44,000 | $44,000 | $137,000 | $87,000 | $87,000 |
| Total liabilities | $4.8M | $4.8M | $3.4M | $4.0M | $4.0M | $3.8M | $5.6M | $5.6M | $5.6M | $3.7M | $4.6M | $4.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $125,000 | — | $123,000 | $123,000 | — | $123,000 | $123,000 | — | $123,000 | $123,000 | $123,000 | — |
| Retained earnings (deficit) | $5.8M | $5.8M | $5.5M | $5.6M | $5.6M | $4.9M | $5.5M | $5.5M | $5.8M | $3.4M | $3.6M | $3.6M |
| Accumulated other comprehensive income | $1.1M | — | $1.1M | $1.1M | — | $1.1M | $1.1M | — | $732,999 | $1.1M | $1.1M | — |
| Minority interest | — | $971,000 | $911,000 | — | $951,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $15.6M | $15.6M | $15.5M | $15.7M | $15.7M | $15.1M | $15.6M | $15.6M | $15.6M | $13.5M | $13.8M | $13.8M |
| Key figures | ||||||||||||
| Total debt | $329,000 | — | $222,000 | $92,000 | — | $95,000 | $368,000 | — | $198,000 | $303,000 | $422,000 | — |
| Net cash (debt) | $4.9M | — | $4.3M | $5.7M | — | $4.4M | $5.1M | — | $5.3M | $4.1M | $5.2M | — |
| Working capital | $4.7M | $4.7M | $4.8M | $5.2M | $5.2M | $4.5M | $4.9M | $4.9M | $4.9M | $4.6M | $5.0M | $5.0M |
| Tangible book value | $14.5M | $14.5M | $14.4M | $14.7M | $14.7M | $14.0M | $14.6M | $14.6M | $14.6M | $11.4M | $11.6M | $12.7M |
| Book value per share | $2.05 | $2.10 | $2.02 | $2.04 | $2.04 | $1.95 | $2.03 | $2.03 | $2.03 | $1.75 | $1.78 | $1.78 |
| Shares outstanding | 7.6M | 7.4M | 7.7M | 7.7M | 7.7M | 7.7M | 7.7M | 7.7M | 7.7M | 7.7M | 7.7M | 7.7M |
| Current ratio | 2.01 | 2.01 | 2.45 | 2.30 | 2.30 | 2.20 | 1.88 | 1.88 | 1.88 | 2.32 | 2.11 | 2.11 |
| Quick ratio | 1.90 | 1.37 | 1.78 | 1.86 | 1.80 | 1.59 | 1.52 | 1.49 | 1.50 | 1.72 | 1.70 | 1.61 |
| Debt / equity | 0.02 | — | 0.01 | 0.01 | — | 0.01 | 0.02 | — | 0.01 | 0.02 | 0.03 | — |
| Equity / assets | 73.2% | 73.2% | 78.1% | 76.0% | 76.0% | 77.1% | 70.7% | 70.7% | 70.7% | 75.3% | 71.1% | 71.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 30, 2026); data from EODHD.
CLWT financial position
At the end of fiscal 2025 (December 31, 2025), Euro Tech had total assets of $21.3 million (up 3.1% from a year earlier), total liabilities of $4.8 million and shareholders' equity of $15.6 million. It held $5.2 million in cash and short-term investments against $0.3 million of debt, a net cash position of $4.9 million. Its current ratio was 2.01. In the latest quarter (ended March 31, 2026) total assets were $21.3 million and equity $15.6 million.
Related: CLWT income statement, CLWT cash flow statement, CLWT key metrics. See the CLWT stock overview for the latest quote and news.
CLWT balance sheet FAQ
What are Euro Tech's total assets?
Euro Tech reported total assets of $21.3 million at the end of fiscal 2025 (December 31, 2025), compared with $20.7 million a year earlier.
How much debt does Euro Tech have?
Euro Tech 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 0.02.
How much cash does Euro Tech have?
Euro Tech held $5.2 million in cash and short-term investments at the end of fiscal 2025; with $0.3 million of debt that is net cash of $4.9 million.
What is Euro Tech's book value?
Euro Tech's shareholders' equity (book value) was $15.6 million at the end of fiscal 2025, or $2.05 per share.
What is Euro Tech's current ratio?
Euro Tech had current assets of $9.3 million and current liabilities of $4.6 million, a current ratio of 2.01 (it can cover its short-term obligations).
How much goodwill does Euro Tech have?
Euro Tech carried $1.1 million of goodwill and intangible assets, 5.0% of total assets, at the end of fiscal 2025.