Liberty Defense Holdings, Ltd. (DETX) Balance Sheet
DETX balance sheet, 2025
December 31, 2025 · U.S. dollars$6.4M assets = $8.9M liabilities + −$2.5M equity
Liabilities exceed assets: shareholders’ equity is negative (−$2.5M).
Both columns are drawn to the same scale: what DETX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DETX financial health
Descriptive bands, not a rating. Fiscal 2025.
DETX balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.5M2021 | $6.4M2025 | −0.4%/yr | |
| Total liabilities | $1.6M2021 | $8.9M2025 | +54.7%/yr | |
| Shareholders’ equity | $4.9M2021 | −$2.5M2025 | — | |
| Cash & short-term investments | $1.3M2021 | $319,2942025 | −30.2%/yr | |
| Total debt | $27,9862021 | $938,2112024 | +222.4%/yr | |
| Net cash (debt) | $1.3M2021 | $215,0182024 | −$1.1M | |
| Working capital | $675,1822021 | −$4.9M2025 | −$5.6M | |
| Current ratio | 1.762021 | 0.432025 | −1.33 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DETX assets
DETX liabilities and equity
DETX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DETX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $319,294 | $1.2M | $963 | $677,473 | $1.3M |
| Cash & equivalents | $319,294 | $1.2M | $963 | $677,473 | $1.3M |
| Receivables | $585,243 | $255,148 | $25,494 | $55,053 | $48,935 |
| Inventory | $1.2M | $868,314 | $1.3M | $485,592 | $0 |
| Other current assets | $1.6M | $1.7M | $239,439 | $277,023 | $176,536 |
| Total current assets | $3.7M | $4.0M | $1.5M | $1.5M | $1.6M |
| Property, plant & equipment (net) | $671,793 | $759,937 | $1.0M | $1.0M | $768,771 |
| Goodwill & intangible assets | $2.0M | $2.6M | $3.3M | $3.7M | $4.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $6,896 | $28,675 |
| Total assets | $6.4M | $7.3M | $5.8M | $6.2M | $6.5M |
| Liabilities | |||||
| Accounts payable | $2.5M | $2.4M | $3.9M | $1.5M | — |
| Total current liabilities | $8.6M | $6.6M | $6.0M | $1.6M | $891,862 |
| Long-term debt | $0 | $938,211 | $0 | $0 | $27,986 |
| Lease obligations | $536,235 | $708,825 | $886,585 | $638,306 | $746,965 |
| Other long-term liabilities | $300,401 | $505,382 | $639,173 | $514,395 | $637,094 |
| Total liabilities | $8.9M | $8.1M | $6.6M | $2.1M | $1.6M |
| Shareholders' equity | |||||
| Retained earnings (deficit) | −$60.5M | −$46.3M | −$37.5M | −$28.1M | −$16.0M |
| Total shareholders' equity | −$2.5M | −$764,479 | −$764,462 | $4.1M | $4.9M |
| Key figures | |||||
| Total debt | — | $938,211 | — | — | $27,986 |
| Net cash (debt) | — | $215,018 | — | — | $1.3M |
| Working capital | −$4.9M | −$2.7M | −$4.4M | −$133,516 | $675,182 |
| Tangible book value | −$4.5M | −$3.3M | −$4.0M | $360,523 | $807,548 |
| Book value per share | −$1.34 | — | — | — | — |
| Shares outstanding | 1.9M | — | — | — | — |
| Current ratio | 0.43 | 0.60 | 0.26 | 0.92 | 1.76 |
| Quick ratio | 0.10 | 0.21 | 0.00 | 0.45 | 1.56 |
| Debt / equity | — | — | — | — | 0.01 |
| Equity / assets | −39.7% | −10.5% | −13.1% | 65.6% | 76.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $7.6M | $22,409 | $319,294 | $640,907 | $355,685 | $2.7M | $1.2M | $390,516 |
| Cash & equivalents | $7.6M | $22,409 | $319,294 | $640,907 | $355,685 | $2.7M | $1.2M | $390,516 |
| Receivables | $257,263 | $607,688 | $585,243 | $898,063 | $893,923 | $1.1M | $255,148 | $433,415 |
| Inventory | $1.8M | $974,875 | $1.2M | $1.0M | $1.1M | $343,589 | $868,314 | $147,317 |
| Other current assets | $1.6M | $1.3M | $1.6M | $1.4M | $945,667 | $1.2M | $1.7M | $42,199 |
| Total current assets | $11.3M | $2.9M | $3.7M | $4.0M | $3.3M | $5.3M | $4.0M | $1.0M |
| Property, plant & equipment (net) | $512,327 | $580,158 | $671,793 | $825,024 | $775,446 | $823,850 | $759,937 | $804,095 |
| Goodwill & intangible assets | $1.7M | $1.9M | $2.0M | $2.1M | $2.3M | $2.4M | $2.6M | $2.6M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Total assets | $13.5M | $5.3M | $6.4M | $6.9M | $6.4M | $8.5M | $7.3M | $4.4M |
| Liabilities | ||||||||
| Accounts payable | $1.9M | $3.5M | $2.5M | $4.2M | $4.7M | $3.3M | $2.4M | $4.6M |
| Total current liabilities | $4.0M | $9.5M | $8.6M | $7.9M | $7.7M | $5.9M | $6.6M | $8.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $156,469 | $759,588 | $938,211 | $0 |
| Lease obligations | $405,263 | $504,649 | $536,235 | $582,243 | $612,375 | $642,080 | $708,825 | $755,195 |
| Other long-term liabilities | $453,353 | $357,482 | $300,401 | $345,534 | $376,906 | $407,851 | $505,382 | $501,697 |
| Total liabilities | $4.5M | $9.8M | $8.9M | $8.3M | $8.3M | $7.1M | $8.1M | $8.8M |
| Shareholders' equity | ||||||||
| Retained earnings (deficit) | −$63.9M | −$63.2M | −$60.5M | −$56.6M | −$53.9M | −$50.1M | −$46.3M | −$43.7M |
| Total shareholders' equity | $9.0M | −$4.5M | −$2.5M | −$1.4M | −$1.9M | $1.4M | −$764,479 | −$4.5M |
| Key figures | ||||||||
| Total debt | — | — | — | — | $156,469 | $759,588 | $938,211 | — |
| Net cash (debt) | — | — | — | — | $199,216 | $1.9M | $215,018 | — |
| Working capital | $7.2M | −$6.6M | −$4.9M | −$4.0M | −$4.4M | −$650,555 | −$2.7M | −$7.3M |
| Tangible book value | $7.3M | −$6.4M | −$4.5M | −$3.5M | −$4.2M | −$994,144 | −$3.3M | −$7.0M |
| Book value per share | $1.59 | −$2.27 | −$1.34 | −$0.84 | −$1.66 | $1.24 | — | — |
| Shares outstanding | 5.7M | 2.0M | 1.9M | 1.6M | 1.2M | 1.2M | — | — |
| Current ratio | 2.78 | 0.31 | 0.43 | 0.50 | 0.43 | 0.89 | 0.60 | 0.12 |
| Quick ratio | 1.94 | 0.07 | 0.10 | 0.19 | 0.16 | 0.63 | 0.21 | 0.10 |
| Debt / equity | — | — | — | — | — | 0.53 | — | — |
| Equity / assets | 66.6% | −84.3% | −39.7% | −19.5% | −30.2% | 16.8% | −10.5% | −102.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
DETX financial position
At the end of fiscal 2025 (December 31, 2025), Liberty Defense Holdings, Ltd. had total assets of $6.4 million (down 12.4% from a year earlier), total liabilities of $8.9 million and shareholders' equity of -$2.5 million. Its current ratio was 0.43. In the latest quarter (ended June 30, 2026) total assets were $13.5 million and equity $9.0 million.
Related: DETX income statement, DETX cash flow statement, DETX key metrics. See the DETX stock overview for the latest quote and news.
DETX balance sheet FAQ
What are Liberty Defense Holdings, Ltd.'s total assets?
Liberty Defense Holdings, Ltd. reported total assets of $6.4 million at the end of fiscal 2025 (December 31, 2025), compared with $7.3 million a year earlier.
How much cash does Liberty Defense Holdings, Ltd. have?
Liberty Defense Holdings, Ltd. held $0.3 million in cash and short-term investments at the end of fiscal 2025.
What is Liberty Defense Holdings, Ltd.'s book value?
Liberty Defense Holdings, Ltd.'s shareholders' equity (book value) was -$2.5 million at the end of fiscal 2025, or −$1.34 per share.
What is Liberty Defense Holdings, Ltd.'s current ratio?
Liberty Defense Holdings, Ltd. had current assets of $3.7 million and current liabilities of $8.6 million, a current ratio of 0.43 (current liabilities exceed current assets).
How much goodwill does Liberty Defense Holdings, Ltd. have?
Liberty Defense Holdings, Ltd. carried $2.0 million of goodwill and intangible assets, 31.3% of total assets, at the end of fiscal 2025.