Csquare, Inc. (CSQR) Balance Sheet
CSQR balance sheet, 2025
December 31, 2025 · U.S. dollars$6.09B assets = $6.22B liabilities + −$126.7M equity
Liabilities exceed assets: shareholders’ equity is negative (−$126.7M).
Both columns are drawn to the same scale: what CSQR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CSQR financial health
Descriptive bands, not a rating. Fiscal 2025.
CSQR balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.53B2024 | $6.09B2025 | +34.5%/yr | |
| Total liabilities | $3.75B2024 | $6.22B2025 | +65.8%/yr | |
| Shareholders’ equity | $778.4M2024 | −$126.7M2025 | — | |
| Cash & short-term investments | $77.9M2024 | $140.2M2025 | +79.8%/yr | |
| Total debt | $2.19B2024 | $4.76B2025 | +117.6%/yr | |
| Net cash (debt) | −$2.11B2024 | −$4.62B2025 | −$2.5B | |
| Working capital | −$93.0M2024 | $402.7M2025 | +$495.7M | |
| Current ratio | 0.752024 | 2.272025 | +1.52 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CSQR assets
CSQR liabilities and equity
CSQR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CSQR balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $140.2M | $77.9M |
| Cash & equivalents | $140.2M | $77.9M |
| Receivables | $90.7M | $112.5M |
| Inventory | $0 | $0 |
| Other current assets | $488.0M | $92.6M |
| Total current assets | $718.9M | $283.0M |
| Property, plant & equipment (net) | $4.31B | $3.35B |
| Goodwill & intangible assets | $977.8M | $830.2M |
| Long-term investments | $0 | $0 |
| Other non-current assets | $91.4M | $63.2M |
| Total assets | $6.09B | $4.53B |
| Liabilities | ||
| Accounts payable | $34.5M | $29.9M |
| Total current liabilities | $316.2M | $376.1M |
| Long-term debt | $4.76B | $2.19B |
| Lease obligations | $876.7M | $1.06B |
| Other long-term liabilities | $1.15B | $1.19B |
| Total liabilities | $6.22B | $3.75B |
| Shareholders' equity | ||
| Retained earnings (deficit) | −$1.23B | −$320.7M |
| Total shareholders' equity | −$126.7M | $778.4M |
| Key figures | ||
| Total debt | $4.76B | $2.19B |
| Net cash (debt) | −$4.62B | −$2.11B |
| Working capital | $402.7M | −$93.0M |
| Tangible book value | −$1.10B | −$51.8M |
| Current ratio | 2.27 | 0.75 |
| Quick ratio | 0.73 | 0.51 |
| Debt / equity | — | 2.81 |
| Equity / assets | −2.1% | 17.2% |
| Jun '26 | Mar '26 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $120.8M | $67.6M |
| Cash & equivalents | $120.8M | $67.6M |
| Receivables | $134.7M | $140.3M |
| Inventory | $0 | $0 |
| Other current assets | $292.8M | $477.3M |
| Total current assets | $548.3M | $685.1M |
| Property, plant & equipment (net) | $4.38B | $4.35B |
| Goodwill & intangible assets | $942.1M | $961.2M |
| Long-term investments | $0 | $0 |
| Other non-current assets | $130.4M | $113.3M |
| Total assets | $6.00B | $6.11B |
| Liabilities | ||
| Accounts payable | $47.9M | $39.1M |
| Total current liabilities | $328.3M | $320.8M |
| Long-term debt | $4.97B | $4.84B |
| Lease obligations | $795.7M | $863.2M |
| Other long-term liabilities | $1.10B | $1.15B |
| Total liabilities | $6.39B | $6.31B |
| Shareholders' equity | ||
| Retained earnings (deficit) | −$1.47B | −$1.29B |
| Total shareholders' equity | −$388.6M | −$204.0M |
| Key figures | ||
| Total debt | $4.97B | $4.84B |
| Net cash (debt) | −$4.84B | −$4.77B |
| Working capital | $220.1M | $364.3M |
| Tangible book value | −$1.33B | −$1.17B |
| Book value per share | −$2.51 | — |
| Shares outstanding | 155.0M | — |
| Current ratio | 1.67 | 2.14 |
| Quick ratio | 0.78 | 0.65 |
| Equity / assets | −6.5% | −3.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
CSQR financial position
At the end of fiscal 2025 (December 31, 2025), Csquare had total assets of $6.1 billion (up 34.5% from a year earlier), total liabilities of $6.2 billion and shareholders' equity of -$126.7 million. It held $140.2 million in cash and short-term investments against $4.8 billion of debt, net debt of $4.6 billion. Its current ratio was 2.27. In the latest quarter (ended June 30, 2026) total assets were $6.0 billion and equity -$388.6 million.
Related: CSQR income statement, CSQR cash flow statement, CSQR key metrics. See the CSQR stock overview for the latest quote and news.
CSQR balance sheet FAQ
What are Csquare's total assets?
Csquare reported total assets of $6.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.5 billion a year earlier.
How much debt does Csquare have?
Csquare had $4.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Csquare have?
Csquare held $140.2 million in cash and short-term investments at the end of fiscal 2025; with $4.8 billion of debt that is net debt of $4.6 billion.
What is Csquare's book value?
Csquare's shareholders' equity (book value) was -$126.7 million at the end of fiscal 2025.
What is Csquare's current ratio?
Csquare had current assets of $718.9 million and current liabilities of $316.2 million, a current ratio of 2.27 (it can cover its short-term obligations).
How much goodwill does Csquare have?
Csquare carried $977.8 million of goodwill and intangible assets, 16.0% of total assets, at the end of fiscal 2025.