iTonic Holdings Ltd. (ITOC) Balance Sheet
ITOC balance sheet, 2025
December 31, 2025 · U.S. dollars$9.1M assets = $969,832 liabilities + $8.1M equity
Both columns are drawn to the same scale: what ITOC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ITOC financial health
Descriptive bands, not a rating. Fiscal 2025.
ITOC balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.3M2021 | $9.1M2025 | +61.7%/yr | |
| Total liabilities | $376,6462021 | $969,8322025 | +26.7%/yr | |
| Shareholders’ equity | $954,3422021 | $6.1M2025 | +59.2%/yr | |
| Cash & short-term investments | $136,7502021 | $2.9M2025 | +115.1%/yr | |
| Total debt | $297,4002021 | $142,9982025 | −16.7%/yr | |
| Net cash (debt) | −$160,6502021 | $2.8M2025 | +$2.9M | |
| Working capital | $880,2602021 | $3.6M2025 | +$2.7M | |
| Current ratio | 7.482021 | 8.832025 | +1.35 | |
| Debt / equity | 0.312021 | 0.022025 | −0.29 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ITOC assets
ITOC liabilities and equity
ITOC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ITOC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $2.9M | $6.2M | $227,450 | $72,288 | $136,750 |
| Cash & equivalents | $1.5M | $6.2M | $227,450 | $72,288 | $136,750 |
| Short-term investments | $1.4M | $0 | — | — | — |
| Receivables | $304,659 | $358,062 | $234,460 | $475,087 | $766,832 |
| Inventory | $52,479 | $117,422 | $52,263 | $152,788 | $99,434 |
| Other current assets | $805,270 | $42,353 | $18,295 | $18,642 | $13,010 |
| Total current assets | $4.1M | $6.7M | $532,468 | $718,805 | $1.0M |
| Property, plant & equipment (net) | $37,818 | $45,594 | $215,015 | $217,928 | $295,716 |
| Goodwill & intangible assets | $4.4M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $600,000 | $0 | $876,959 | $465,001 | $19,246 |
| Total assets | $9.1M | $6.7M | $1.6M | $1.4M | $1.3M |
| Liabilities | |||||
| Accounts payable | $66,882 | $10,412 | $18,000 | $11,171 | $24,428 |
| Short-term debt | $142,998 | $247,969 | $50,825 | $53,315 | $56,520 |
| Deferred revenue | $137,936 | $121,239 | $28,668 | $132,656 | — |
| Total current liabilities | $462,817 | $538,551 | $1.2M | $680,401 | $135,766 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $0 | $155,818 | $218,326 | $297,400 |
| Other long-term liabilities | $507,015 | $0 | $112,799 | $165,011 | $240,879 |
| Total liabilities | $969,832 | $538,551 | $1.3M | $845,412 | $376,646 |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $1,705 | $1,425 | $1,200 | $1,200 | $1,200 |
| Retained earnings (deficit) | −$5.6M | −$522,850 | $137,737 | $378,954 | $701,816 |
| Accumulated other comprehensive income | $41,517 | $41,505 | $46,621 | $56,582 | $131,740 |
| Minority interest | $2.0M | $0 | — | — | — |
| Total shareholders' equity | $6.1M | $6.2M | $306,272 | $556,322 | $954,342 |
| Key figures | |||||
| Total debt | $142,998 | $247,969 | $155,818 | $218,326 | $297,400 |
| Net cash (debt) | $2.8M | $5.9M | $71,632 | −$146,038 | −$160,650 |
| Working capital | $3.6M | $6.1M | −$672,903 | $38,404 | $880,260 |
| Tangible book value | $1.8M | $6.2M | $306,272 | $556,322 | $954,342 |
| Book value per share | — | — | — | — | $0.07 |
| Shares outstanding | — | — | — | — | 14.5M |
| Current ratio | 8.83 | 12.40 | 0.44 | 1.06 | 7.48 |
| Quick ratio | 6.98 | 12.10 | 0.38 | 0.80 | 6.66 |
| Debt / equity | 0.02 | 0.04 | 0.51 | 0.39 | 0.31 |
| Equity / assets | 67.3% | 92.0% | 18.9% | 39.7% | 71.7% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $2.2M | $2.9M | $3.2M | $6.2M | $27,206 | $227,450 | $33,494 | $72,288 |
| Cash & equivalents | $779,367 | $1.5M | $1.8M | $6.2M | $27,206 | $227,450 | $33,494 | $72,288 |
| Short-term investments | $1.4M | $1.4M | $1.4M | $0 | — | — | — | — |
| Receivables | $471,993 | $304,659 | $185,460 | $358,062 | $192,133 | $234,460 | $352,043 | $475,087 |
| Inventory | $45,441 | $52,479 | $126,603 | $117,422 | $39,718 | $52,263 | $116,049 | $152,788 |
| Other current assets | $21.2M | $805,270 | $950,821 | $42,353 | $31,828 | $18,295 | $17,117 | $18,642 |
| Total current assets | $23.9M | $4.1M | $4.5M | $6.7M | $290,885 | $532,468 | $518,703 | $718,805 |
| Property, plant & equipment (net) | $136,154 | $37,818 | $42,651 | $45,594 | $177,503 | $215,015 | $212,548 | $217,928 |
| Goodwill & intangible assets | $2.5M | $4.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $23,529 | $600,000 | $600,000 | $0 | $893,270 | $876,959 | $717,758 | $465,001 |
| Total assets | $26.6M | $9.1M | $5.1M | $6.7M | $1.4M | $1.6M | $1.4M | $1.4M |
| Liabilities | ||||||||
| Accounts payable | $16,256 | $66,882 | $10,609 | $10,412 | $11,641 | $18,000 | $15,800 | $11,171 |
| Short-term debt | $202,009 | $142,998 | $139,595 | $247,969 | $303,515 | $50,825 | $54,617 | $53,315 |
| Deferred revenue | $764,486 | $137,936 | $123,535 | $121,239 | $91,330 | $28,668 | $66,363 | $132,656 |
| Total current liabilities | $1.4M | $462,817 | $382,595 | $538,551 | $1.3M | $1.2M | $864,527 | $680,401 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | $0 | $128,583 | — | — | — |
| Other long-term liabilities | $549,463 | $507,015 | $0 | $0 | $74,132 | $112,799 | $130,031 | $165,011 |
| Total liabilities | $1.9M | $969,832 | $382,595 | $538,551 | $1.3M | $1.3M | $994,558 | $845,412 |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $11,705 | $1,705 | $1,705 | $1,425 | $1,200 | $1,200 | $1,200 | $1,200 |
| Retained earnings (deficit) | −$11.5M | −$5.6M | −$2.6M | −$522,850 | −$147,395 | $137,737 | $295,355 | $378,954 |
| Accumulated other comprehensive income | $47,341 | $41,517 | $40,159 | $41,505 | $41,582 | $46,621 | $38,310 | $56,582 |
| Minority interest | — | $2.0M | — | $0 | — | — | — | — |
| Total shareholders' equity | $23.6M | $6.1M | $4.7M | $6.2M | $16,173 | $306,272 | $454,451 | $556,322 |
| Key figures | ||||||||
| Total debt | $244,457 | $142,998 | $139,595 | $247,969 | $377,647 | $155,818 | $184,648 | $218,326 |
| Net cash (debt) | $2.0M | $2.8M | $3.1M | $5.9M | −$350,441 | $71,632 | −$151,154 | −$146,038 |
| Working capital | $22.5M | $3.6M | $4.1M | $6.1M | −$980,468 | −$672,903 | −$345,824 | $38,404 |
| Tangible book value | $21.0M | $1.8M | $4.7M | $6.2M | $16,173 | $306,272 | $454,451 | $556,322 |
| Book value per share | $5.26 | — | — | — | $0.00 | $0.02 | $0.03 | $0.04 |
| Shares outstanding | 4.5M | — | — | — | 14.5M | 14.5M | 14.5M | 14.5M |
| Current ratio | 17.39 | 8.83 | 11.69 | 12.40 | 0.23 | 0.44 | 0.60 | 1.06 |
| Quick ratio | 1.96 | 6.98 | 8.87 | 12.10 | 0.17 | 0.38 | 0.45 | 0.80 |
| Debt / equity | 0.01 | 0.02 | 0.03 | 0.04 | 23.35 | 0.51 | 0.41 | 0.39 |
| Equity / assets | 88.7% | 67.3% | 92.5% | 92.0% | 1.2% | 18.9% | 31.4% | 39.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
ITOC financial position
At the end of fiscal 2025 (December 31, 2025), iTonic had total assets of $9.1 million (up 35.3% from a year earlier), total liabilities of $1.0 million and shareholders' equity of $6.1 million. It held $2.9 million in cash and short-term investments against $0.1 million of debt, a net cash position of $2.8 million. Its current ratio was 8.83. In the latest quarter (ended June 30, 2026) total assets were $26.6 million and equity $23.6 million.
Related: ITOC income statement, ITOC cash flow statement, ITOC key metrics. See the ITOC stock overview for the latest quote and news.
ITOC balance sheet FAQ
What are iTonic's total assets?
iTonic reported total assets of $9.1 million at the end of fiscal 2025 (December 31, 2025), compared with $6.7 million a year earlier.
How much debt does iTonic have?
iTonic had $0.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.02.
How much cash does iTonic have?
iTonic held $2.9 million in cash and short-term investments at the end of fiscal 2025; with $0.1 million of debt that is net cash of $2.8 million.
What is iTonic's book value?
iTonic's shareholders' equity (book value) was $6.1 million at the end of fiscal 2025.
What is iTonic's current ratio?
iTonic had current assets of $4.1 million and current liabilities of $0.5 million, a current ratio of 8.83 (it can cover its short-term obligations).
How much goodwill does iTonic have?
iTonic carried $4.4 million of goodwill and intangible assets, 48.0% of total assets, at the end of fiscal 2025.