Big Tree Cloud Holdings Limited (DSY) Balance Sheet

NASDAQ: DSYAssets, liabilities, debt and equity over 4 years.

DSY balance sheet, FY2025

June 30, 2025 · U.S. dollars

$11.0M assets = $9.9M liabilities + $1.1M equity

Both columns are drawn to the same scale: what DSY owns equals what it owes plus shareholders’ equity. Hover a block for its value.

DSY financial health

Current ratio1.14

Adequate · current assets cover current liabilities 1.14×

Debt / equity38.68

High leverage · $38.68 of debt for each $1 of equity

Equity / assets1.6%

Thin equity · of assets funded by shareholders

Cash / debt25.0%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles18.5%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

DSY balance sheet trends, FY2022–FY2025

Big Tree Cloud Holdings Limited balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.4MFY2022	$11.0MFY2025	+65.3%/yr
Total liabilities	$2.0MFY2022	$9.9MFY2025	+70.9%/yr
Shareholders’ equity	$453,174FY2022	$173,432FY2025	−27.4%/yr
Cash & short-term investments	$427,206FY2022	$1.7MFY2025	+57.8%/yr
Total debt	$1.3MFY2022	$6.7MFY2025	+70.9%/yr
Net cash (debt)	−$916,459FY2022	−$5.0MFY2025	−$4.1M
Working capital	$108,949FY2022	$457,298FY2025	+$348,349
Book value per share	$1.57FY2023	$0.04FY2025	−83.5%/yr
Current ratio	1.06FY2022	1.14FY2025	+0.08
Debt / equity	2.97FY2022	38.68FY2025	+35.71
Shares outstanding	376KFY2023	4.1MFY2025	+229.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

DSY assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

DSY liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

DSY debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

DSY balance sheet

Big Tree Cloud Holdings Limited annual balance sheet
	FY2025	FY2024	FY2023	FY2022
Assets
Cash & short-term investments	$1.7M	$748,099	$3.5M	$427,206
Cash & equivalents	$1.7M	$748,099	$3.2M	$363,535
Short-term investments	—	$111,749	$281,268	$63,671
Receivables	$1.6M	$424,052	$211,356	$54,401
Inventory	$263,386	$600,876	$626,196	$515,777
Other current assets	$266,333	$182,768	$1.9M	$1.1M
Total current assets	$3.8M	$2.0M	$6.3M	$2.1M
Property, plant & equipment (net)	$4.6M	$4.1M	$4.7M	$150,839
Goodwill & intangible assets	$2.0M	$4.7M	$2,509	$0
Long-term investments	$0	$0	$0	$0
Other non-current assets	$484,945	$0	$48.4M	$193,386
Total assets	$11.0M	$9.0M	$59.3M	$2.4M
Liabilities
Accounts payable	$496,481	$430,510	$723,701	$208,377
Short-term debt	$1.3M	$190,023	$1.5M	$1.3M
Deferred revenue	$51,253	$3.8M	$3.4M	$41,048
Total current liabilities	$3.4M	$7.1M	$6.2M	$2.0M
Long-term debt	$0	$2.4M	$0	$0
Lease obligations	—	$525,264	$674,912	$0
Other long-term liabilities	$6.5M	$4.1M	$5.3M	$0
Total liabilities	$9.9M	$13.5M	$2.1M	$2.0M
Shareholders' equity
Common stock & paid-in capital	$8,697	$5,708	$5,000	$50,000
Retained earnings (deficit)	−$37.4M	−$4.9M	−$4.0M	−$4.3M
Accumulated other comprehensive income	$357,230	$313,612	$318,148	$463,054
Total shareholders' equity	$173,432	−$4.6M	$587,833	$453,174
Key figures
Total debt	$6.7M	$2.9M	$2.0M	$1.3M
Net cash (debt)	−$5.0M	−$2.2M	$1.5M	−$916,459
Working capital	$457,298	−$5.1M	$30,284	$108,949
Tangible book value	−$1.9M	−$9.3M	$585,324	$453,174
Book value per share	$0.04	−$1.76	$1.57	—
Shares outstanding	4.1M	2.6M	376K	—
Current ratio	1.14	0.28	1.00	1.06
Quick ratio	0.98	0.17	0.59	0.24
Debt / equity	38.68	—	3.33	2.97
Equity / assets	1.6%	−51.1%	1.0%	18.6%

Big Tree Cloud Holdings Limited quarterly balance sheet
	Mar '26	Dec '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23	Mar '23	Dec '22
Assets
Cash & short-term investments	$4.5M	$4.5M	$1.7M	$748,099	$748,099	$31,453	$1.1M	$613,763	$150,444	$57,308	$293,569
Cash & equivalents	$4.5M	$4.5M	$1.7M	$748,099	$748,099	$31,453	$1.1M	$613,763	$150,444	$57,308	$293,569
Short-term investments	—	—	—	$111,749	—	—	$177,129	$177,129	—	—	—
Receivables	$5,295	$5,295	$101,974	$424,052	$47,753	$47,753	$20,315	$20,315	$1.3M	$211,356	$0
Inventory	$0	$0	$1,490	$600,876	$600,876	$0	$1.3M	$1.3M	$626,196	$0	$0
Other current assets	$599,087	$599,087	$437,478	$182,768	$559,067	$36,149	$681,396	$0	$0	$3,385	$178,713
Total current assets	$5.1M	$5.1M	$2.3M	$2.0M	$2.0M	$115,355	$3.1M	$730,585	$326,345	$272,049	$472,282
Property, plant & equipment (net)	$3.8M	$3.8M	$3.8M	$4.1M	$4.1M	$0	$4.6M	$4.6M	$4.7M	$0	$0
Goodwill & intangible assets	$0	$0	$0	$2.4M	$2.4M	$2.4M	$79,940	$79,940	$2,509	$0	$0
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$2.6M	$2.6M	$2.4M	$502,966	$502,965	$33.3M	$27.6M	$29.6M	$55.4M	$59.4M	$58.8M
Total assets	$11.6M	$11.6M	$8.4M	$9.0M	$9.0M	$35.7M	$35.5M	$35.0M	$60.4M	$59.7M	$59.3M
Liabilities
Accounts payable	$5,139	$5,139	$80,041	$430,510	$430,510	$443,522	$733,079	$466,466	$683,424	$683,424	—
Short-term debt	$1.8M	—	$339,542	$380,046	—	$1.6M	$1.6M	$673,749	−$5.5M	$1.3M	—
Deferred revenue	—	—	$18,066	$3.8M	—	—	$3.7M	−$266,613	—	—	—
Total current liabilities	$3.4M	$3.4M	$5.3M	$7.1M	$7.1M	$2.7M	$7.1M	$1.3M	$542,855	$214,723	$105,387
Long-term debt	$0	$0	$1.4M	$0	$2.4M	$0	$0	$0	$0	$0	$0
Lease obligations	—	$1.1M	$1.4M	—	$525,264	—	$624,632	—	$674,912	—	—
Other long-term liabilities	$4.3M	$4.3M	$4.6M	$6.5M	$4.1M	$2.0M	$4.0M	$2.0M	$2.0M	$2.0M	$2.0M
Total liabilities	$7.7M	$7.7M	$11.2M	$13.5M	$13.5M	$4.7M	$4.0M	$3.3M	$2.6M	$2.2M	$2.1M
Shareholders' equity
Common stock & paid-in capital	$9,503	—	$5,708	$5,708	—	$35.4M	$50,000	$34.2M	$59.0M	$56.2M	$53.6M
Retained earnings (deficit)	−$39.4M	−$39.4M	−$3.0M	−$4.9M	−$4.9M	−$4.3M	−$3.4M	−$2.5M	−$1.1M	$419,082	$122,129
Accumulated other comprehensive income	$431,627	—	$267,618	$313,612	—	$313,612	$341,715	$341,715	$318,148	$318,148	—
Minority interest	—	$326,695	—	—	—	—	—	—	—	—	—
Total shareholders' equity	$3.5M	$3.5M	−$2.7M	−$4.6M	−$4.6M	$31.1M	$31.4M	$31.7M	$57.9M	$57.5M	$57.2M
Key figures
Total debt	$2.5M	—	$2.7M	$2.9M	$2.4M	$1.6M	$2.0M	$500,000	$150,000	$2.0M	—
Net cash (debt)	$2.0M	—	−$975,954	−$2.2M	−$1.7M	−$1.5M	−$911,300	$113,763	$444	−$1.9M	—
Working capital	$1.7M	$1.7M	−$3.0M	−$5.1M	−$5.1M	−$2.6M	−$3.9M	−$582,435	−$216,510	$57,326	$366,895
Tangible book value	$3.5M	$3.5M	−$2.7M	−$6.9M	−$6.9M	$28.7M	$31.4M	$31.6M	$57.9M	$57.5M	$57.2M
Book value per share	—	$0.75	—	−$1.76	−$1.60	—	—	$104.52	$154.10	$153.06	$152.27
Shares outstanding	—	4.8M	—	2.6M	2.9M	—	—	303K	376K	376K	376K
Current ratio	1.51	1.51	0.44	0.28	0.28	0.04	0.44	0.56	0.60	1.27	4.48
Quick ratio	1.33	1.33	0.35	0.17	0.11	0.03	0.16	0.48	2.71	1.25	2.79
Debt / equity	0.71	—	—	—	—	0.05	0.06	0.02	0.00	0.03	—
Equity / assets	30.7%	30.7%	−32.5%	−51.1%	−51.1%	86.9%	88.6%	90.5%	95.8%	96.3%	96.4%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed October 30, 2025); data from EODHD.

DSY financial position

At the end of fiscal 2025 (June 30, 2025), Big Tree Cloud had total assets of $11.0 million (up 22.5% from a year earlier), total liabilities of $9.9 million and shareholders' equity of $0.2 million. It held $1.7 million in cash and short-term investments against $6.7 million of debt, net debt of $5.0 million. Its current ratio was 1.14. In the latest quarter (ended March 31, 2026) total assets were $11.6 million and equity $3.5 million.

Related: DSY income statement, DSY cash flow statement, DSY key metrics. See the DSY stock overview for the latest quote and news.

DSY balance sheet FAQ

What are Big Tree Cloud's total assets?

Big Tree Cloud reported total assets of $11.0 million at the end of fiscal 2025 (June 30, 2025), compared with $9.0 million a year earlier.

How much debt does Big Tree Cloud have?

Big Tree Cloud had $6.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 38.68.

How much cash does Big Tree Cloud have?

Big Tree Cloud held $1.7 million in cash and short-term investments at the end of fiscal 2025; with $6.7 million of debt that is net debt of $5.0 million.

What is Big Tree Cloud's book value?

Big Tree Cloud's shareholders' equity (book value) was $0.2 million at the end of fiscal 2025, or $0.04 per share.

What is Big Tree Cloud's current ratio?

Big Tree Cloud had current assets of $3.8 million and current liabilities of $3.4 million, a current ratio of 1.14 (it can cover its short-term obligations).

How much goodwill does Big Tree Cloud have?

Big Tree Cloud carried $2.0 million of goodwill and intangible assets, 18.5% of total assets, at the end of fiscal 2025.