Electromed, Inc. (ELMD) Balance Sheet

NYSE American: ELMDAssets, liabilities, debt and equity over 10 years.

ELMD balance sheet, FY2026

June 30, 2026 · U.S. dollars

$66.3M assets = $12.3M liabilities + $54.0M equity

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

ELMD financial health

Current ratio4.69

Comfortable · current assets cover current liabilities 4.69×

Debt / equity0.00

Low leverage · $0.00 of debt for each $1 of equity

Equity / assets81.5%

Equity-funded · of assets funded by shareholders

Cash / debt15,375.9%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles0.6%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

ELMD balance sheet trends, FY2017–FY2026

Electromed, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$23.1MFY2017	$66.3MFY2026	+12.4%/yr
Total liabilities	$4.0MFY2017	$12.3MFY2026	+13.3%/yr
Shareholders’ equity	$19.1MFY2017	$54.0MFY2026	+12.3%/yr
Cash & short-term investments	$5.6MFY2017	$20.4MFY2026	+15.5%/yr
Total debt	$1.1MFY2017	$133,000FY2026	−21.3%/yr
Net cash (debt)	$4.4MFY2017	$20.3MFY2026	+$15.9M
Working capital	$15.6MFY2017	$45.1MFY2026	+$29.6M
Book value per share	$2.25FY2017	$6.21FY2026	+11.9%/yr
Current ratio	6.38FY2017	4.69FY2026	−1.69
Debt / equity	0.06FY2017	0.00FY2026	−0.06
Shares outstanding	8.5MFY2017	8.7MFY2026	+0.3%/yr

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

ELMD assets

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

ELMD liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ELMD debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

ELMD balance sheet

Electromed, Inc. annual balance sheet
	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Assets
Cash & short-term investments	$20.4M	$15.3M	$16.1M	$7.4M	$8.2M	$11.9M	$10.5M	$7.8M	$7.5M	$5.6M
Cash & equivalents	$20.4M	$15.3M	$16.1M	$7.4M	$8.2M	$11.9M	$10.5M	$7.8M	$7.5M	$5.6M
Short-term investments	—	—	—	—	—	—	—	—	$0	$0
Receivables	$32.1M	$25.7M	$24.1M	$24.6M	$21.3M	$17.4M	$13.8M	$13.8M	$12.6M	$9.9M
Inventory	$3.7M	$3.3M	$3.7M	$4.2M	$3.2M	$2.1M	$3.1M	$2.6M	$2.4M	$2.6M
Other current assets	$1.2M	$800,000	$329,001	$1.6M	$1.9M	$276,000	$615,000	$353,214	$0	$393,319
Total current assets	$57.4M	$45.1M	$44.2M	$37.8M	$34.5M	$31.7M	$28.0M	$24.5M	$22.2M	$18.5M
Property, plant & equipment (net)	$5.2M	$4.9M	$5.3M	$5.7M	$4.7M	$3.7M	$3.9M	$3.6M	$3.1M	$3.3M
Goodwill & intangible assets	$379,000	$1.3M	$657,000	$605,000	$599,000	$663,000	$1.2M	$1.2M	$1.3M	$1.4M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.3M	$2.5M	$2.2M	$1.7M	$1.5M	$1.0M	$156,610	$47,587	$36,809	$0
Total assets	$66.3M	$53.8M	$52.2M	$45.8M	$41.4M	$37.1M	$33.2M	$29.4M	$26.6M	$23.1M
Liabilities
Accounts payable	$2.6M	$2.7M	$1.0M	$1.4M	$1.3M	$685,000	$556,000	$586,575	$810,644	$663,376
Short-term debt	$70,000	$73,000	$75,000	$80,000	—	$33,000	$72,000	$30,320	$1.1M	$50,703
Deferred revenue	—	—	$277,000	−$80,000	$1.5M	−$33,000	−$72,328	−$30,320	$397,390	$1.5M
Total current liabilities	$12.2M	$10.5M	$7.7M	$8.1M	$7.2M	$4.6M	$3.0M	$3.6M	$4.7M	$2.9M
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$1.1M
Other long-term liabilities	$66,000	$125,000	$12,000	$86,000	$41,000	$54,000	$8,999	$14,737	$0	$0
Total liabilities	$12.3M	$10.6M	$7.7M	$8.1M	$7.2M	$4.7M	$3.0M	$3.6M	$4.7M	$4.0M
Shareholders' equity
Common stock & paid-in capital	$84,000	$83,000	$87,000	$86,000	$85,000	$85,000	$86,000	$84,084	$82,887	$82,302
Retained earnings (deficit)	$28.6M	$21.2M	$23.7M	$18.8M	$15.8M	$14.9M	$13.7M	$9.5M	$6.9M	$5.0M
Treasury stock	—	—	—	—	—	—	—	—	$0	$0
Accumulated other comprehensive income	—	$0	—	$0	$0	$0	$0	−$3.9M	−$3.7M	−$3.2M
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$54.0M	$43.2M	$44.5M	$37.7M	$34.2M	$32.4M	$30.2M	$25.7M	$21.9M	$19.1M
Key figures
Total debt	$133,000	$198,000	$87,000	$161,000	$41,000	$87,000	$81,000	$45,057	$1.1M	$1.1M
Net cash (debt)	$20.3M	$15.1M	$16.0M	$7.2M	$8.1M	$11.8M	$10.4M	$7.8M	$6.4M	$4.4M
Working capital	$45.1M	$34.6M	$36.5M	$29.7M	$27.4M	$27.1M	$25.0M	$20.9M	$17.5M	$15.6M
Tangible book value	$53.6M	$41.9M	$43.9M	$37.1M	$33.6M	$31.8M	$29.1M	$24.6M	$20.6M	$17.6M
Book value per share	$6.21	$4.96	$5.03	$4.33	$3.90	$3.64	$3.43	$2.98	$2.54	$2.25
Shares outstanding	8.7M	8.7M	8.9M	8.7M	8.8M	8.9M	8.8M	8.6M	8.6M	8.5M
Current ratio	4.69	4.31	5.75	4.69	4.83	6.83	9.38	6.78	4.68	6.38
Quick ratio	4.30	3.92	5.23	3.97	4.12	6.32	8.15	5.96	4.23	5.36
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.05	0.06
Equity / assets	81.5%	80.3%	85.3%	82.2%	82.6%	87.4%	91.0%	87.7%	82.2%	82.7%

Electromed, Inc. quarterly balance sheet
	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	$20.4M	$17.0M	$13.8M	$14.1M	$15.3M	$15.2M	$16.2M	$13.9M	$16.1M	$11.7M	$10.4M	$7.0M
Cash & equivalents	$20.4M	$17.0M	$13.8M	$14.1M	$15.3M	$15.2M	$16.2M	$13.9M	$16.1M	$11.7M	$10.4M	$7.0M
Receivables	$32.1M	$29.4M	$27.4M	$26.1M	$25.7M	$25.5M	$23.8M	$23.1M	$24.1M	$24.5M	$23.6M	$24.0M
Inventory	$3.7M	$3.3M	$3.5M	$3.8M	$3.3M	$3.0M	$3.1M	$3.4M	$3.7M	$4.2M	$4.8M	$4.5M
Other current assets	$1.2M	$596,000	$906,000	$543,000	$800,000	$492,000	$1.1M	$592,000	$329,001	$883,000	$509,000	$692,000
Total current assets	$57.4M	$50.2M	$45.6M	$44.6M	$45.1M	$44.2M	$44.2M	$41.0M	$44.2M	$41.3M	$39.3M	$36.2M
Property, plant & equipment (net)	$5.2M	$5.2M	$5.4M	$5.2M	$4.9M	$5.5M	$5.3M	$5.0M	$5.3M	$5.4M	$5.5M	$5.7M
Goodwill & intangible assets	$379,000	$354,000	$1.5M	$1.4M	$1.3M	$588,000	$609,000	$660,000	$657,000	$648,000	$616,000	$613,000
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.3M	$3.7M	$2.5M	$2.5M	$2.5M	$2.2M	$2.2M	$2.2M	$2.2M	$1.5M	$1.6M	$1.6M
Total assets	$66.3M	$59.5M	$54.9M	$53.6M	$53.8M	$52.5M	$52.3M	$48.9M	$52.2M	$48.9M	$47.0M	$44.1M
Liabilities
Accounts payable	$2.6M	$2.6M	$2.3M	$3.1M	$2.7M	$1.9M	$1.5M	$1.8M	$1.0M	$792,000	$1.0M	$1.1M
Short-term debt	$70,000	—	—	—	$73,000	—	$104,000	—	$75,000	—	$76,000	—
Deferred revenue	—	—	—	—	—	—	—	—	$277,000	—	—	—
Total current liabilities	$12.2M	$10.2M	$9.4M	$8.8M	$10.5M	$8.5M	$8.7M	$7.4M	$7.7M	$6.3M	$6.6M	$5.8M
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other long-term liabilities	$66,000	$81,000	$96,000	$110,000	$125,000	$0	$4,000	$8,000	$12,000	$31,000	$49,000	$68,000
Total liabilities	$12.3M	$10.3M	$9.5M	$8.9M	$10.6M	$8.5M	$8.7M	$7.4M	$7.7M	$6.4M	$6.6M	$5.8M
Shareholders' equity
Common stock & paid-in capital	$84,000	$83,000	$83,000	$84,000	$83,000	$85,000	$86,000	$85,000	$87,000	$87,000	$86,000	$86,000
Retained earnings (deficit)	$28.6M	$25.1M	$22.3M	$22.3M	$21.2M	$22.6M	$22.6M	$20.6M	$23.7M	$22.1M	$20.6M	$18.9M
Accumulated other comprehensive income	—	—	—	$0	$0	—	—	—	—	$0	—	$0
Total shareholders' equity	$54.0M	$49.2M	$45.4M	$44.7M	$43.2M	$43.9M	$43.6M	$41.5M	$44.5M	$42.5M	$40.3M	$38.2M
Key figures
Total debt	$133,000	$81,000	$96,000	$110,000	$198,000	—	$108,000	$8,000	$87,000	$31,000	$125,000	$68,000
Net cash (debt)	$20.3M	$16.9M	$13.7M	$14.0M	$15.1M	—	$16.1M	$13.9M	$16.0M	$11.7M	$10.3M	$7.0M
Working capital	$45.1M	$40.0M	$36.2M	$35.8M	$34.6M	$35.7M	$35.5M	$33.6M	$36.5M	$35.0M	$32.7M	$30.4M
Tangible book value	$53.6M	$48.8M	$44.0M	$43.3M	$41.9M	$43.4M	$43.0M	$40.8M	$43.9M	$41.9M	$39.7M	$37.6M
Book value per share	$6.21	$5.69	$5.23	$5.15	$4.96	$4.90	$4.87	$4.62	$4.95	$4.78	$4.58	$4.35
Shares outstanding	8.7M	8.6M	8.7M	8.7M	8.7M	9.0M	9.0M	9.0M	9.0M	8.9M	8.8M	8.8M
Current ratio	4.69	4.91	4.86	5.09	4.31	5.19	5.10	5.53	5.75	6.53	5.97	6.27
Quick ratio	4.30	4.53	4.39	4.59	3.92	4.79	4.62	4.99	5.23	5.73	5.17	5.37
Debt / equity	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00	0.00	0.00	0.00
Equity / assets	81.5%	82.7%	82.8%	83.5%	80.3%	83.8%	83.4%	84.8%	85.3%	87.0%	85.9%	86.7%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 25, 2026); data from EODHD.

ELMD financial position

At the end of fiscal 2026 (June 30, 2026), Electromed had total assets of $66.3 million (up 23.2% from a year earlier), total liabilities of $12.3 million and shareholders' equity of $54.0 million. It held $20.4 million in cash and short-term investments against $0.1 million of debt, a net cash position of $20.3 million. Its current ratio was 4.69.

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

ELMD balance sheet FAQ

What are Electromed's total assets?

Electromed reported total assets of $66.3 million at the end of fiscal 2026 (June 30, 2026), compared with $53.8 million a year earlier.

How much debt does Electromed have?

Electromed had $0.1 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.00.

How much cash does Electromed have?

Electromed held $20.4 million in cash and short-term investments at the end of fiscal 2026; with $0.1 million of debt that is net cash of $20.3 million.

What is Electromed's book value?

Electromed's shareholders' equity (book value) was $54.0 million at the end of fiscal 2026, or $6.21 per share.

What is Electromed's current ratio?

Electromed had current assets of $57.4 million and current liabilities of $12.2 million, a current ratio of 4.69 (it can cover its short-term obligations).

How much goodwill does Electromed have?

Electromed carried $0.4 million of goodwill and intangible assets, 0.6% of total assets, at the end of fiscal 2026.