Canton Strategic Holdings, Inc. (CNTN) Balance Sheet
CNTN balance sheet, 2025
December 31, 2025 · U.S. dollars$519.1M assets = $121.2M liabilities + $397.9M equity
Both columns are drawn to the same scale: what CNTN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CNTN financial health
Descriptive bands, not a rating. Fiscal 2025.
CNTN balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $40,8812019 | $519.1M2025 | +383.0%/yr | |
| Total liabilities | $1.7M2019 | $121.2M2025 | +104.4%/yr | |
| Shareholders’ equity | −$1.6M2019 | $397.9M2025 | — | |
| Cash & short-term investments | $38,2812019 | $17.0M2025 | +176.3%/yr | |
| Total debt | $963,3662019 | $2.2M2021 | +49.9%/yr | |
| Net cash (debt) | −$925,0852019 | −$2.2M2021 | −$1.2M | |
| Working capital | −$1.1M2019 | $14.1M2025 | +$15.2M | |
| Current ratio | 0.042019 | 5.292025 | +5.25 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CNTN assets
CNTN liabilities and equity
CNTN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CNTN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $17.0M | $3.6M | $10.9M | $6.5M | $4,356 | $191,852 | $38,281 |
| Cash & equivalents | $17.0M | $3.6M | $10.9M | $6.5M | $4,356 | $191,852 | $38,281 |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $353,318 | $162,263 | $11,041 | $178,094 | $617,321 | $102,946 | $2,600 |
| Total current assets | $17.4M | $3.7M | $10.9M | $6.7M | $621,677 | $294,798 | $40,881 |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $501.8M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $519.1M | $3.7M | $10.9M | $6.7M | $621,677 | $294,798 | $40,881 |
| Liabilities | |||||||
| Accounts payable | $1.1M | $1.1M | $908,577 | $954,505 | $1.5M | $514,828 | $241,409 |
| Short-term debt | — | — | — | — | $1.4M | $563,425 | $430,600 |
| Total current liabilities | $3.3M | $2.4M | $1.8M | $1.1M | $4.5M | $2.7M | $1.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $772,899 | $0 | $0 |
| Other long-term liabilities | $117.9M | $0 | $0 | $0 | $0 | $1.3M | $532,766 |
| Total liabilities | $121.2M | $2.4M | $1.8M | $1.1M | $5.3M | $4.0M | $1.7M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $3,711 | $198 | $89 | $46 | $636 | $636 | $628 |
| Retained earnings (deficit) | −$72.8M | −$36.9M | −$24.7M | −$15.4M | −$6.9M | −$4.7M | −$2.1M |
| Total shareholders' equity | $397.9M | $1.3M | $9.1M | $5.5M | −$4.7M | −$3.7M | −$1.6M |
| Key figures | |||||||
| Total debt | — | — | — | — | $2.2M | $1.9M | $963,366 |
| Net cash (debt) | — | — | — | — | −$2.2M | −$1.7M | −$925,085 |
| Working capital | $14.1M | $1.3M | $9.1M | $5.5M | −$3.9M | −$2.4M | −$1.1M |
| Tangible book value | −$103.8M | $1.3M | $9.1M | $5.5M | −$4.7M | −$3.7M | −$1.6M |
| Book value per share | $12.42 | — | — | — | — | — | — |
| Shares outstanding | 32.0M | — | — | — | — | — | — |
| Current ratio | 5.29 | 1.54 | 6.03 | 5.84 | 0.14 | 0.11 | 0.04 |
| Quick ratio | 5.18 | 1.47 | 6.02 | 5.69 | 0.00 | 0.07 | 0.03 |
| Equity / assets | 76.7% | 35.1% | 83.4% | 82.9% | −753.6% | −1,261.0% | −3,968.1% |
| 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 | $37.2M | $41.5M | $17.0M | $7.6M | $2.2M | $1.1M | $3.6M | $4.8M | $7.9M | $8.4M | $10.9M | $2.7M |
| Cash & equivalents | $37.2M | $41.5M | $17.0M | $7.6M | $2.2M | $1.1M | $3.6M | $4.8M | $7.9M | $8.4M | $10.9M | $2.7M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $4.0M | $1.6M | $353,318 | $89,038 | $288,186 | $585,366 | $162,263 | $360,009 | $301,620 | $460,007 | $11,041 | $412,890 |
| Total current assets | $41.2M | $43.1M | $17.4M | $7.7M | $2.5M | $1.7M | $3.7M | $5.1M | $8.2M | $8.9M | $10.9M | $3.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $523.4M | $541.6M | $501.8M | $0 | $0 | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $117,000 | $60,000 | $0 | $0 | $65,000 |
| Total assets | $564.6M | $584.7M | $519.1M | $7.7M | $2.5M | $1.7M | $3.7M | $5.3M | $8.3M | $8.9M | $10.9M | $3.2M |
| Liabilities | ||||||||||||
| Accounts payable | $916,244 | $402,311 | $1.1M | $659,254 | $770,610 | $838,184 | $1.1M | $783,839 | $784,029 | $993,244 | $908,577 | $1.1M |
| Short-term debt | — | — | — | $195,493 | $249,716 | $271,454 | — | $80,768 | $200,048 | $317,119 | — | $81,040 |
| Total current liabilities | $2.6M | $1.1M | $3.3M | $1.5M | $2.2M | $2.5M | $2.4M | $2.2M | $1.6M | $1.8M | $1.8M | $1.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $107.0M | $113.7M | $117.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $109.7M | $114.9M | $121.2M | $1.5M | $2.2M | $2.5M | $2.4M | $2.2M | $1.6M | $1.8M | $1.8M | $1.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $7,727 | $5,665 | $3,711 | $721 | $422 | $211 | $198 | $129 | $111 | $1,180 | $89 | $1,760 |
| Retained earnings (deficit) | −$139.4M | −$120.2M | −$72.8M | −$43.4M | −$41.3M | −$39.4M | −$36.9M | −$33.1M | −$29.3M | −$27.0M | −$24.7M | −$22.2M |
| Total shareholders' equity | $454.9M | $469.8M | $397.9M | $6.2M | $367,359 | −$814,671 | $1.3M | $3.0M | $6.7M | $7.0M | $9.1M | $1.8M |
| Key figures | ||||||||||||
| Total debt | — | — | — | $195,493 | $249,716 | $271,454 | — | $80,768 | $200,048 | $317,119 | — | $81,040 |
| Net cash (debt) | — | — | — | $7.4M | $2.0M | $804,474 | — | $4.7M | $7.7M | $8.1M | — | $2.6M |
| Working capital | $38.6M | $41.9M | $14.1M | $6.2M | $367,359 | −$814,671 | $1.3M | $2.9M | $6.6M | $7.0M | $9.1M | $1.7M |
| Tangible book value | −$68.5M | −$71.8M | −$103.8M | $6.2M | $367,359 | −$814,671 | $1.3M | $3.0M | $6.7M | $7.0M | $9.1M | $1.8M |
| Book value per share | $2.10 | $2.26 | $12.42 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 216.9M | 207.7M | 32.0M | — | — | — | — | — | — | — | — | — |
| Current ratio | 15.70 | 37.75 | 5.29 | 4.98 | 1.17 | 0.67 | 1.54 | 2.30 | 5.24 | 4.84 | 6.03 | 2.20 |
| Quick ratio | 14.18 | 36.39 | 5.18 | 4.93 | 1.04 | 0.43 | 1.47 | 2.14 | 5.05 | 4.59 | 6.02 | 1.91 |
| Debt / equity | — | — | — | 0.03 | 0.68 | — | — | 0.03 | 0.03 | 0.04 | — | 0.05 |
| Equity / assets | 80.6% | 80.4% | 76.7% | 79.9% | 14.5% | −49.0% | 35.1% | 57.5% | 81.1% | 79.3% | 83.4% | 55.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
CNTN financial position
At the end of fiscal 2025 (December 31, 2025), Canton Strategic had total assets of $519.1 million (up 13,849.5% from a year earlier), total liabilities of $121.2 million and shareholders' equity of $397.9 million. Its current ratio was 5.29. In the latest quarter (ended June 30, 2026) total assets were $564.6 million and equity $454.9 million.
Related: CNTN income statement, CNTN cash flow statement, CNTN key metrics. See the CNTN stock overview for the latest quote and news.
CNTN balance sheet FAQ
What are Canton Strategic's total assets?
Canton Strategic reported total assets of $519.1 million at the end of fiscal 2025 (December 31, 2025), compared with $3.7 million a year earlier.
How much cash does Canton Strategic have?
Canton Strategic held $17.0 million in cash and short-term investments at the end of fiscal 2025.
What is Canton Strategic's book value?
Canton Strategic's shareholders' equity (book value) was $397.9 million at the end of fiscal 2025, or $12.42 per share.
What is Canton Strategic's current ratio?
Canton Strategic had current assets of $17.4 million and current liabilities of $3.3 million, a current ratio of 5.29 (it can cover its short-term obligations).
How much goodwill does Canton Strategic have?
Canton Strategic carried $501.8 million of goodwill and intangible assets, 96.7% of total assets, at the end of fiscal 2025.