J and Friends Holdings Limited (JF) Balance Sheet
JF balance sheet, 2025
December 31, 2025 · U.S. dollars$65.4M assets = $22.9M liabilities + $42.5M equity
Both columns are drawn to the same scale: what JF owns equals what it owes plus shareholders’ equity. Hover a block for its value.
JF financial health
Descriptive bands, not a rating. Fiscal 2025.
JF balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $562.0M2016 | $65.4M2025 | −41.6%/yr | |
| Total liabilities | $571.2M2016 | $22.9M2025 | −55.3%/yr | |
| Shareholders’ equity | −$9.2M2016 | $10.4M2025 | — | |
| Cash & short-term investments | $27.3M2016 | $6.6M2025 | −29.9%/yr | |
| Total debt | $382.3M2016 | $15.3M2025 | −55.3%/yr | |
| Net cash (debt) | −$355.0M2016 | −$8.7M2025 | +$346.3M | |
| Working capital | −$48.5M2016 | $2.5M2025 | +$51.1M | |
| Current ratio | 0.922016 | 1.252025 | +0.34 | |
| Debt / equity | 4.342019 | 1.472025 | −2.87 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
JF assets
JF liabilities and equity
JF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
JF balance sheet
| 2025 | 2020 | 2019 | 2017 | 2016 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $6.6M | $395.7M | $194.1M | $372.9M | $27.3M |
| Cash & equivalents | $6.6M | $377.2M | $102.8M | $370.9M | $27.3M |
| Short-term investments | — | $18.6M | $91.4M | $2.0M | — |
| Receivables | $2.3M | $51.9M | $505.9M | $1.79B | $478.2M |
| Inventory | $937,008 | $201.2M | $0 | $0 | $0 |
| Other current assets | $2.8M | $72.0M | $459.8M | $60.3M | $17.2M |
| Total current assets | $12.6M | $720.9M | $1.16B | $2.23B | $522.6M |
| Property, plant & equipment (net) | $776,178 | $107.2M | $14.3M | $6.6M | $4.8M |
| Goodwill & intangible assets | $51.9M | $16.7M | $84.9M | $32.9M | $34.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $62,935 | $133.7M | $301.5M | $185.1M | $0 |
| Total assets | $65.4M | $978.5M | $1.56B | $2.45B | $562.0M |
| Liabilities | |||||
| Accounts payable | $957,986 | $10.4M | $57.7M | $97.0M | $9.7M |
| Short-term debt | $2.6M | $132.8M | $721.3M | $1.46B | $382.3M |
| Deferred revenue | $860,089 | $6.9M | $67.5M | $1.9M | — |
| Total current liabilities | $10.1M | $521.6M | $1.08B | $2.02B | $571.2M |
| Long-term debt | $1.8M | $0 | $0 | $0 | $0 |
| Lease obligations | $109,000 | — | — | — | — |
| Other long-term liabilities | $11.0M | $408.8M | $120.3M | $489.7M | $0 |
| Total liabilities | $22.9M | $930.5M | $1.20B | $2.51B | $571.2M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $559,408 | $274,000 | $254,000 | — | — |
| Retained earnings (deficit) | −$2.59B | −$2.16B | −$1.86B | — | −$9.2M |
| Accumulated other comprehensive income | −$2.5M | $50.7M | $72.5M | — | — |
| Minority interest | $4.6M | — | — | — | — |
| Total shareholders' equity | $10.4M | −$118.9M | $189.5M | −$62.2M | −$9.2M |
| Key figures | |||||
| Total debt | $15.3M | $532.8M | $822.8M | $1.93B | $382.3M |
| Net cash (debt) | −$8.7M | −$137.1M | −$628.6M | −$1.56B | −$355.0M |
| Working capital | $2.5M | $199.3M | $78.3M | $202.9M | −$48.5M |
| Tangible book value | −$41.5M | −$135.6M | $104.6M | −$95.1M | −$43.7M |
| Current ratio | 1.25 | 1.38 | 1.07 | 1.10 | 0.92 |
| Quick ratio | 0.88 | 0.86 | 0.65 | 1.07 | 0.88 |
| Debt / equity | 1.47 | — | 4.34 | — | — |
| Equity / assets | 15.9% | −12.2% | 12.1% | −2.5% | −1.6% |
| Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Mar '24 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $6.6M | $945,000 | $6.9M | $33.9M | $5,000 | $27.0M | $44.6M | $40.5M | $14.6M | $14.5M |
| Cash & equivalents | $6.6M | $945,000 | $6.7M | $33.9M | $5,000 | $27.0M | $44.6M | $40.5M | $14.5M | $14.5M |
| Short-term investments | — | — | $206,459 | — | $0 | — | $43,000 | — | $97,000 | $7.5M |
| Receivables | $2.3M | $325,000 | $2.3M | $1.9M | $0 | $3.4M | $2.3M | $1.6M | $75.7M | $15.0M |
| Inventory | $937,008 | $134,000 | $953,986 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.8M | $404,000 | $2.7M | $52.9M | $12.9M | $64.1M | $63.1M | $66.1M | $13.9M | $74.7M |
| Total current assets | $12.6M | $1.8M | $12.9M | $88.7M | $12.9M | $94.5M | $110.0M | $108.2M | $104.2M | $104.2M |
| Property, plant & equipment (net) | $776,178 | $111,000 | $790,242 | $970,000 | $0 | $1.8M | $0 | $0 | $0 | $89.8M |
| Goodwill & intangible assets | $51.9M | $7.4M | $52.8M | $0 | $0 | $0 | $0 | $0 | $0 | $9.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $62,935 | $9,000 | $64,075 | $6.7M | $1.2M | $7.2M | $5.0M | $5.0M | $49.9M | $0 |
| Total assets | $65.4M | $9.3M | $66.5M | $96.4M | $14.2M | $103.4M | $115.0M | $113.2M | $154.1M | $154.1M |
| Liabilities | ||||||||||
| Accounts payable | $957,986 | $137,000 | $975,344 | $2.5M | $0 | $4.1M | $4.2M | $5.0M | $16.2M | $16.2M |
| Short-term debt | $2.6M | — | $2.6M | $2.9M | — | — | — | — | — | $113.0M |
| Deferred revenue | $860,089 | — | — | $1.8M | — | — | $1.5M | — | — | $1.7M |
| Total current liabilities | $10.1M | $1.4M | $10.3M | $492.5M | $67.6M | $493.3M | $498.9M | $488.3M | $363.8M | $363.8M |
| Long-term debt | $0 | $1.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $109,000 | — | — | $0 | — | — | — | — | — |
| Other long-term liabilities | $12.8M | $24,000 | $13.0M | $4.0M | $727,000 | $5.3M | $4.5M | $4.8M | $7.6M | $7.6M |
| Total liabilities | $22.9M | $3.3M | $23.3M | $496.5M | $68.3M | $498.6M | $503.4M | $488.3M | $371.4M | $363.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $559,408 | — | $569,544 | $496,000 | — | $496,000 | $496,000 | $496,000 | $496,000 | $496,000 |
| Retained earnings (deficit) | −$2.59B | −$370.2M | −$2.64B | −$2.52B | −$370.3M | −$2.52B | −$2.51B | −$2.50B | −$2.43B | −$2.42B |
| Accumulated other comprehensive income | −$2.5M | — | −$2.6M | $72.8M | — | $73.1M | $73.4M | $73.6M | $25.5M | $16.2M |
| Minority interest | — | $4.6M | — | — | $1.9M | — | — | — | — | — |
| Total shareholders' equity | $10.4M | $1.5M | $10.6M | −$414.1M | −$56.0M | −$408.9M | −$401.6M | −$393.0M | −$370.8M | −$370.8M |
| Key figures | ||||||||||
| Total debt | $15.3M | $1.8M | $15.6M | $3.3M | — | $1.2M | — | — | — | $349.8M |
| Net cash (debt) | −$8.7M | −$855,000 | −$8.7M | $30.6M | — | $25.8M | — | — | — | −$335.3M |
| Working capital | $2.5M | $364,000 | $2.6M | −$403.8M | −$54.6M | −$398.8M | −$389.0M | −$380.1M | −$259.6M | −$259.6M |
| Tangible book value | −$41.5M | −$5.9M | −$42.2M | −$414.1M | −$56.0M | −$408.9M | −$401.6M | −$393.0M | −$370.8M | −$380.7M |
| Current ratio | 1.25 | 1.25 | 1.25 | 0.18 | 0.19 | 0.19 | 0.22 | 0.22 | 0.29 | 0.29 |
| Quick ratio | 0.88 | 0.88 | 0.90 | 0.07 | 0.00 | 0.06 | 0.09 | 0.09 | 0.25 | 0.08 |
| Debt / equity | 1.47 | 1.21 | 1.47 | — | — | — | — | — | — | — |
| Equity / assets | 15.9% | 15.9% | 15.9% | −429.7% | −395.4% | −395.3% | −349.3% | −347.1% | −240.6% | −240.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 24, 2026); data from EODHD.
JF financial position
At the end of fiscal 2025 (December 31, 2025), J and Friends had total assets of $65.4 million (down 93.3% from a year earlier), total liabilities of $22.9 million and shareholders' equity of $10.4 million. It held $6.6 million in cash and short-term investments against $15.3 million of debt, net debt of $8.7 million. Its current ratio was 1.25. In the latest quarter (ended March 31, 2026) total assets were $65.4 million and equity $10.4 million.
Related: JF income statement, JF cash flow statement, JF key metrics. See the JF stock overview for the latest quote and news.
JF balance sheet FAQ
What are J and Friends's total assets?
J and Friends reported total assets of $65.4 million at the end of fiscal 2025 (December 31, 2025), compared with $978.5 million a year earlier.
How much debt does J and Friends have?
J and Friends had $15.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.47.
How much cash does J and Friends have?
J and Friends held $6.6 million in cash and short-term investments at the end of fiscal 2025; with $15.3 million of debt that is net debt of $8.7 million.
What is J and Friends's book value?
J and Friends's shareholders' equity (book value) was $10.4 million at the end of fiscal 2025.
What is J and Friends's current ratio?
J and Friends had current assets of $12.6 million and current liabilities of $10.1 million, a current ratio of 1.25 (it can cover its short-term obligations).
How much goodwill does J and Friends have?
J and Friends carried $51.9 million of goodwill and intangible assets, 79.4% of total assets, at the end of fiscal 2025.