New Concept Energy, Inc. (GBR) Balance Sheet
GBR balance sheet, 2025
December 31, 2025 · U.S. dollars$4.6M assets = $69,000 liabilities + $4.5M equity
Both columns are drawn to the same scale: what GBR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GBR financial health
Descriptive bands, not a rating. Fiscal 2025.
GBR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.2M2016 | $4.6M2025 | −4.9%/yr | |
| Total liabilities | $3.5M2016 | $69,0002025 | −35.3%/yr | |
| Shareholders’ equity | $3.7M2016 | $4.5M2025 | +2.1%/yr | |
| Cash & short-term investments | $113,0002016 | $383,0002025 | +14.5%/yr | |
| Total debt | $392,0002016 | $02025 | −100.0% | |
| Net cash (debt) | −$279,0002016 | $383,0002025 | +$662,000 | |
| Working capital | $45,0002016 | $327,0002025 | +$282,000 | |
| Book value per share | $1.912016 | $0.882025 | −8.3%/yr | |
| Current ratio | 1.112016 | 5.742025 | +4.62 | |
| Debt / equity | 0.112016 | 0.002025 | −0.11 | |
| Shares outstanding | 1.9M2016 | 5.1M2025 | +11.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GBR assets
GBR liabilities and equity
GBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GBR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $383,000 | $363,000 | $447,000 | $436,000 | $252,000 | $27,000 | $22,000 | $361,000 | $419,000 | $113,000 |
| Cash & equivalents | $383,000 | $363,000 | $447,000 | $436,000 | $252,000 | $27,000 | $22,000 | $361,000 | $419,000 | $113,000 |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $0 | $0 | $0 | $3.5M | $3.6M | $3.7M | $4.0M | $4.1M | $103,000 | $325,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $13,000 | $9,000 | $12,000 | $0 | $0 | $92,000 | $0 | $0 | $0 | $0 |
| Total current assets | $396,000 | $372,000 | $459,000 | $466,000 | $3.8M | $3.8M | $4.1M | $4.5M | $522,000 | $438,000 |
| Property, plant & equipment (net) | $622,000 | $636,000 | $629,000 | $631,000 | $643,000 | $656,000 | $668,000 | $3.1M | $3.4M | $6.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $153,000 | $214,000 | $251,000 | $301,000 | $0 |
| Other non-current assets | $3.5M | $3.6M | $3.5M | $3.5M | $0 | $0 | $840,001 | $0 | $0 | $426,000 |
| Total assets | $4.6M | $4.6M | $4.6M | $4.6M | $4.5M | $4.6M | $5.8M | $7.9M | $4.2M | $7.2M |
| Liabilities | ||||||||||
| Accounts payable | $26,000 | $20,000 | $36,000 | $23,000 | $28,000 | $80,000 | $226,000 | $59,000 | $446,000 | $238,000 |
| Short-term debt | $0 | $0 | $0 | $0 | $0 | $52,000 | $44,000 | $59,000 | $81,000 | $96,000 |
| Total current liabilities | $69,000 | $57,000 | $75,000 | $63,000 | $60,000 | $164,000 | $290,000 | $150,000 | $556,000 | $393,000 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $122,000 | $177,000 | $201,000 | $243,000 | $296,000 |
| Other long-term liabilities | $0 | $57,000 | $28,000 | $23,000 | $28,000 | $0 | $2.9M | $2.8M | $2.8M | $2.8M |
| Total liabilities | $69,000 | $57,000 | $75,000 | $63,000 | $60,000 | $286,000 | $3.4M | $3.1M | $3.6M | $3.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $21,000 | $20,000 |
| Retained earnings (deficit) | −$59.1M | −$59.1M | −$59.1M | −$59.1M | −$59.2M | −$59.3M | −$61.2M | −$58.9M | −$58.4M | −$55.1M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | −$51,000 | — | $0 | — | −$4.7M | −$4.6M | −$4.4M | $0 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $4.5M | $4.5M | $4.6M | $4.6M | $4.4M | $4.3M | $2.4M | $4.8M | $636,000 | $3.7M |
| Key figures | ||||||||||
| Total debt | $0 | $0 | $0 | $0 | $0 | $174,000 | $221,000 | $260,000 | $324,000 | $392,000 |
| Net cash (debt) | $383,000 | $363,000 | $447,000 | $436,000 | $252,000 | −$147,000 | −$199,000 | $101,000 | $95,000 | −$279,000 |
| Working capital | $327,000 | $315,000 | $384,000 | $403,000 | $3.8M | $3.6M | $3.8M | $4.3M | −$34,000 | $45,000 |
| Tangible book value | $4.5M | $4.5M | $4.6M | $4.6M | $4.4M | $4.3M | $2.4M | $4.8M | $636,000 | $3.7M |
| Book value per share | $0.88 | $0.88 | $0.89 | $0.89 | $0.86 | $0.84 | $0.47 | $0.93 | $0.31 | $1.91 |
| Shares outstanding | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 2.0M | 1.9M |
| Current ratio | 5.74 | 6.53 | 6.12 | 7.40 | 63.53 | 23.18 | 14.03 | 29.97 | 0.94 | 1.11 |
| Quick ratio | 5.55 | 6.37 | 5.96 | 63.14 | 63.53 | 22.62 | 14.03 | 29.97 | 0.94 | 1.11 |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.09 | 0.05 | 0.51 | 0.11 |
| Equity / assets | 98.5% | 98.8% | 98.4% | 98.6% | 98.7% | 93.8% | 41.6% | 60.4% | 15.1% | 51.8% |
| 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 | $304,000 | $318,000 | $383,000 | $307,000 | $356,000 | $333,000 | $363,000 | $430,000 | $416,000 | $395,000 | $447,000 | $460,000 |
| Cash & equivalents | $304,000 | $318,000 | $383,000 | $307,000 | $356,000 | $333,000 | $363,000 | $430,000 | $416,000 | $395,000 | $447,000 | $460,000 |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $65,000 | $62,000 | $13,000 | $27,000 | $47,000 | $57,000 | $9,000 | $26,000 | $40,000 | $61,000 | $12,000 | $0 |
| Total current assets | $369,000 | $380,000 | $396,000 | $334,000 | $403,000 | $390,000 | $372,000 | $456,000 | $456,000 | $456,000 | $459,000 | $484,000 |
| Property, plant & equipment (net) | $616,000 | $619,000 | $622,000 | $626,000 | $629,000 | $633,000 | $636,000 | $619,000 | $622,000 | $626,000 | $629,000 | $632,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $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 | $3.5M | $3.5M | $3.5M | $3.6M | $3.5M | $3.5M | $3.6M | $3.5M | $3.5M | $3.5M | $3.5M | $3.5M |
| Total assets | $4.5M | $4.5M | $4.6M | $4.5M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M | $4.7M |
| Liabilities | ||||||||||||
| Accounts payable | $47,000 | $25,000 | $26,000 | $27,000 | $27,000 | $20,000 | $20,000 | $22,000 | $21,000 | $25,000 | $36,000 | $25,000 |
| Short-term debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Total current liabilities | $116,000 | $64,000 | $69,000 | $63,000 | $75,000 | $48,000 | $57,000 | $61,000 | $60,000 | $67,000 | $75,000 | $64,000 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $75,000 | $48,000 | $57,000 | $61,000 | $60,000 | $0 | $0 | $0 |
| Total liabilities | $116,000 | $64,000 | $69,000 | $63,000 | $75,000 | $48,000 | $57,000 | $61,000 | $60,000 | $67,000 | $75,000 | $64,000 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | $51,000 | — | $51,000 |
| Retained earnings (deficit) | −$59.2M | −$59.2M | −$59.1M | −$59.2M | −$59.1M | −$59.1M | −$59.1M | −$59.1M | −$59.1M | −$59.1M | −$59.1M | −$59.0M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | −$1,000 | −$1,000 | — | −$1,000 |
| Total shareholders' equity | $4.4M | $4.5M | $4.5M | $4.5M | $4.5M | $4.5M | $4.5M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M |
| Key figures | ||||||||||||
| Total debt | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | — |
| Net cash (debt) | — | — | $383,000 | $307,000 | $356,000 | $333,000 | $363,000 | $430,000 | — | — | — | — |
| Working capital | $253,000 | $316,000 | $327,000 | $271,000 | $328,000 | $342,000 | $315,000 | $395,000 | $396,000 | $389,000 | $384,000 | $420,000 |
| Tangible book value | $4.4M | $4.5M | $4.5M | $4.5M | $4.5M | $4.5M | $4.5M | $4.6M | $4.6M | $4.6M | $4.6M | $4.6M |
| Book value per share | $0.86 | $0.87 | $0.88 | $0.87 | $0.88 | $0.88 | $0.88 | $0.89 | $0.89 | $0.89 | $0.89 | $0.90 |
| Shares outstanding | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M | 5.1M |
| Current ratio | 3.18 | 5.94 | 5.74 | 5.30 | 5.37 | 8.12 | 6.53 | 7.48 | 7.60 | 6.81 | 6.12 | 7.56 |
| Quick ratio | 2.62 | 4.97 | 5.55 | 4.87 | 4.75 | 6.94 | 6.37 | 7.05 | 6.93 | 5.90 | 5.96 | 62.53 |
| Debt / equity | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — | — |
| Equity / assets | 97.4% | 98.6% | 98.5% | 98.6% | 98.4% | 98.9% | 98.8% | 98.7% | 98.7% | 98.6% | 98.4% | 98.6% |
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.
GBR financial position
At the end of fiscal 2025 (December 31, 2025), New Concept Energy had total assets of $4.6 million (down 0.7% from a year earlier), total liabilities of $0.1 million and shareholders' equity of $4.5 million. It held $0.4 million in cash and short-term investments against $0 of debt, a net cash position of $0.4 million. Its current ratio was 5.74. In the latest quarter (ended June 30, 2026) total assets were $4.5 million and equity $4.4 million.
Related: GBR income statement, GBR cash flow statement, GBR key metrics. See the GBR stock overview for the latest quote and news.
GBR balance sheet FAQ
What are New Concept Energy's total assets?
New Concept Energy reported total assets of $4.6 million at the end of fiscal 2025 (December 31, 2025), compared with $4.6 million a year earlier.
How much debt does New Concept Energy have?
New Concept Energy had $0 of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does New Concept Energy have?
New Concept Energy held $0.4 million in cash and short-term investments at the end of fiscal 2025; with $0 of debt that is net cash of $0.4 million.
What is New Concept Energy's book value?
New Concept Energy's shareholders' equity (book value) was $4.5 million at the end of fiscal 2025, or $0.88 per share.
What is New Concept Energy's current ratio?
New Concept Energy had current assets of $0.4 million and current liabilities of $0.1 million, a current ratio of 5.74 (it can cover its short-term obligations).