FST Corp. (KBSX) Balance Sheet
KBSX balance sheet, 2025
December 31, 2025 · U.S. dollars$59.8M assets = $50.3M liabilities + $9.5M equity
Both columns are drawn to the same scale: what KBSX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KBSX financial health
Descriptive bands, not a rating. Fiscal 2025.
KBSX balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $40.0M2020 | $59.8M2025 | +8.4%/yr | |
| Total liabilities | $17.2M2020 | $50.3M2025 | +24.0%/yr | |
| Shareholders’ equity | $22.9M2020 | $9.4M2025 | −16.4%/yr | |
| Cash & short-term investments | $7.0M2020 | $7.2M2025 | +0.5%/yr | |
| Total debt | $12.3M2020 | $35.5M2025 | +23.6%/yr | |
| Net cash (debt) | −$5.3M2020 | −$28.3M2025 | −$23.0M | |
| Working capital | $10.0M2020 | −$7.2M2025 | −$17.2M | |
| Book value per share | $0.422020 | $0.212025 | −12.9%/yr | |
| Current ratio | 1.982020 | 0.792025 | −1.19 | |
| Debt / equity | 0.542020 | 3.792025 | +3.25 | |
| Shares outstanding | 54.5M2020 | 44.5M2025 | −4.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KBSX assets
KBSX liabilities and equity
KBSX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KBSX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $7.2M | $5.2M | $8.9M | $20.7M | $10.5M | $7.0M |
| Cash & equivalents | $7.2M | $5.1M | $8.9M | $20.7M | $5.6M | $4.2M |
| Short-term investments | — | $60,994 | $0 | $22,779 | $4.9M | $2.8M |
| Receivables | $7.0M | $5.7M | $5.0M | $6.6M | $5.4M | $5.3M |
| Inventory | $11.8M | $14.5M | $15.2M | $8.7M | $6.5M | $7.6M |
| Other current assets | $1.5M | $1.3M | $1.9M | $697,157 | $907,994 | $374,187 |
| Total current assets | $27.5M | $26.7M | $31.0M | $36.7M | $23.3M | $20.2M |
| Property, plant & equipment (net) | $24.8M | $24.9M | $25.2M | $15.5M | $14.3M | $11.4M |
| Goodwill & intangible assets | $4.8M | $5.1M | $5.3M | $5.6M | $5.7M | $6.1M |
| Long-term investments | $0 | $344,876 | $195,555 | $667,527 | $0 | $0 |
| Other non-current assets | $2.7M | $1.4M | $1.6M | $1.5M | $3.2M | $2.3M |
| Total assets | $59.8M | $58.5M | $63.3M | $60.0M | $46.6M | $40.0M |
| Liabilities | ||||||
| Accounts payable | $4.6M | $1.5M | $1.2M | $1.7M | $1.4M | $893,800 |
| Short-term debt | $20.5M | $2.1M | $2.2M | $2.2M | $8.9M | $5.9M |
| Deferred revenue | — | $166,582 | $35,080 | $98,708 | — | — |
| Total current liabilities | $34.7M | $22.1M | $21.4M | $19.8M | $14.5M | $10.2M |
| Long-term debt | $0 | $9.4M | $8.6M | $1.4M | $0 | $0 |
| Lease obligations | — | $6.0M | $7.4M | $8.0M | — | — |
| Other long-term liabilities | $15.7M | $3.9M | $5.9M | $6.4M | $7.1M | $6.9M |
| Total liabilities | $50.3M | $35.5M | $35.9M | $27.6M | $21.6M | $17.2M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $4,477 | $3,775 | $18.0M | $14.0M | $15.1M | $14.9M |
| Retained earnings (deficit) | −$4.1M | $3.1M | $3.1M | $12.1M | $6.3M | $3.9M |
| Accumulated other comprehensive income | −$21.3M | −$2.5M | $1.9M | $1.9M | −$1.2M | −$654,870 |
| Minority interest | — | $164,317 | $0 | — | — | — |
| Total shareholders' equity | $9.4M | $22.8M | $27.4M | $32.4M | $25.0M | $22.9M |
| Key figures | ||||||
| Total debt | $35.5M | $15.4M | $16.0M | $9.4M | $15.5M | $12.3M |
| Net cash (debt) | −$28.3M | −$10.3M | −$7.1M | $11.4M | −$4.9M | −$5.3M |
| Working capital | −$7.2M | $4.5M | $9.7M | $16.9M | $8.9M | $10.0M |
| Tangible book value | $4.5M | $17.7M | $22.1M | $26.8M | $19.3M | $16.7M |
| Book value per share | $0.21 | $0.60 | $0.59 | $0.59 | $0.46 | $0.42 |
| Shares outstanding | 44.5M | 37.7M | 46.2M | 54.6M | 54.6M | 54.5M |
| Current ratio | 0.79 | 1.21 | 1.45 | 1.85 | 1.61 | 1.98 |
| Quick ratio | 0.41 | 0.49 | 0.65 | 1.38 | 1.10 | 1.20 |
| Debt / equity | 3.79 | 0.68 | 0.58 | 0.29 | 0.62 | 0.54 |
| Equity / assets | 15.7% | 39.1% | 43.3% | 54.1% | 53.7% | 57.1% |
| 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 | $8.2M | $7.5M | $7.2M | $8.0M | $6.9M | $6.9M | $5.2M | $5.2M | $8.1M | $8.1M | $8.9M | $10.3M |
| Cash & equivalents | $8.2M | $7.5M | $7.2M | $8.0M | $6.8M | $6.8M | $5.1M | $5.1M | $8.1M | $8.1M | $8.9M | $10.3M |
| Short-term investments | — | — | — | $0 | $62,988 | $62,988 | $60,994 | $68,573 | — | $7,479 | $0 | — |
| Receivables | $6.4M | $8.3M | $7.0M | $6.3M | $6.2M | $6.2M | $5.6M | $5.3M | $4.3M | $4.0M | $5.0M | $4.5M |
| Inventory | $12.5M | $12.5M | $11.8M | $13.2M | $13.6M | $13.6M | $14.5M | $14.6M | $14.5M | $14.7M | $15.2M | $15.2M |
| Other current assets | $2.7M | $1.8M | $1.5M | $1.9M | $2.7M | $2.7M | $1.4M | $1.6M | $2.5M | $2.6M | $1.9M | $714,900 |
| Total current assets | $29.8M | $30.1M | $27.5M | $29.4M | $29.3M | $29.3M | $26.7M | $26.7M | $29.4M | $29.4M | $31.0M | $30.7M |
| Property, plant & equipment (net) | $24.1M | $23.7M | $24.8M | $24.4M | $25.7M | $25.7M | $24.9M | $24.9M | $23.7M | $23.2M | $25.2M | $23.9M |
| Goodwill & intangible assets | $4.7M | $4.7M | $4.8M | $4.9M | $5.0M | $5.0M | $5.1M | $5.1M | $5.2M | $5.2M | $5.3M | $5.4M |
| Long-term investments | $737,978 | $608,909 | $0 | $469,743 | $482,411 | $0 | $344,876 | $0 | $261,131 | $0 | $195,555 | $636,263 |
| Other non-current assets | $3.6M | $3.2M | $2.7M | $1.8M | $2.6M | $3.0M | $1.4M | $1.8M | $1.5M | $2.2M | $1.6M | $2.1M |
| Total assets | $62.9M | $62.3M | $59.8M | $61.0M | $63.1M | $63.1M | $58.5M | $58.6M | $60.1M | $60.1M | $63.3M | $62.7M |
| Liabilities | ||||||||||||
| Accounts payable | $2.6M | $4.3M | $4.6M | $4.8M | $3.1M | $3.1M | $1.5M | $1.5M | $1.6M | $1.6M | $1.2M | $1.6M |
| Short-term debt | $22.6M | $21.4M | $20.5M | $18.2M | $21.3M | $21.3M | — | $17.3M | $1.7M | $15.6M | $2.2M | $1.6M |
| Deferred revenue | — | — | — | — | — | $166,582 | — | — | $120,635 | — | $35,080 | $56,018 |
| Total current liabilities | $31.8M | $31.5M | $34.7M | $32.6M | $34.2M | $34.2M | $22.1M | $22.1M | $20.4M | $20.4M | $21.4M | $27.7M |
| Long-term debt | $9.6M | $10.0M | $0 | $13.7M | $11.8M | $0 | $9.4M | $0 | $8.6M | $0 | $8.6M | $1.1M |
| Lease obligations | $6.6M | $5.7M | — | $4.9M | $5.3M | — | $6.0M | — | $5.8M | — | $7.4M | $7.1M |
| Other long-term liabilities | $5.6M | $3.8M | $15.7M | $4.0M | $4.2M | $16.0M | $3.9M | $13.5M | $4.8M | $13.4M | $5.9M | $6.1M |
| Total liabilities | $46.9M | $45.3M | $50.3M | $50.3M | $50.1M | $50.1M | $35.5M | $35.6M | $33.8M | $33.8M | $35.9M | $34.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $4,477 | $4,477 | $4,477 | $4,477 | $4,477 | $4,477 | — | $3,775 | $18.0M | $18.0M | $18.0M | $18.0M |
| Retained earnings (deficit) | $2.4M | $3.4M | −$4.1M | −$4.3M | −$2.6M | −$2.6M | $3.1M | $3.1M | $3.2M | $6.3M | $3.1M | $4.5M |
| Accumulated other comprehensive income | −$2.0M | −$2.0M | −$21.3M | −$19.9M | −$19.3M | −$19.3M | — | −$2.5M | $696,032 | −$2.5M | $1.9M | $992,597 |
| Minority interest | $137,793 | $121,191 | — | $147,274 | $156,169 | — | $164,317 | — | — | — | — | — |
| Total shareholders' equity | $15.8M | $16.9M | $9.4M | $10.6M | $12.8M | $12.8M | $22.8M | $22.8M | $26.3M | $26.3M | $27.4M | $27.8M |
| Key figures | ||||||||||||
| Total debt | $37.0M | $35.2M | $35.5M | $35.2M | $36.6M | $36.6M | $9.4M | $30.7M | $14.4M | $28.3M | $16.0M | $8.1M |
| Net cash (debt) | −$28.8M | −$27.7M | −$28.3M | −$27.2M | −$29.7M | −$29.7M | −$4.3M | −$25.5M | −$6.3M | −$20.2M | −$7.1M | $2.2M |
| Working capital | −$2.0M | −$1.4M | −$7.2M | −$3.2M | −$4.8M | −$4.8M | $4.5M | $4.5M | $9.0M | $9.0M | $9.7M | $3.0M |
| Tangible book value | $11.1M | $12.2M | $4.5M | $5.7M | $7.8M | $7.8M | $17.7M | $17.7M | $21.1M | $21.1M | $22.1M | $22.5M |
| Book value per share | $0.35 | $0.38 | $0.21 | $0.24 | $0.29 | $0.29 | $0.51 | $0.42 | $0.48 | $0.48 | $0.55 | $0.56 |
| Shares outstanding | 44.8M | 44.8M | 44.8M | 44.8M | 44.8M | 44.5M | 44.8M | 54.6M | 54.6M | 54.6M | 49.7M | 49.7M |
| Current ratio | 0.94 | 0.96 | 0.79 | 0.90 | 0.86 | 0.86 | 1.21 | 1.21 | 1.44 | 1.44 | 1.45 | 1.11 |
| Quick ratio | 0.46 | 0.50 | 0.41 | 0.44 | 0.38 | 0.38 | 0.48 | 0.47 | 0.61 | 0.59 | 0.65 | 0.53 |
| Debt / equity | 2.34 | 2.08 | 3.79 | 3.32 | 2.86 | 2.86 | 0.41 | 1.34 | 0.55 | 1.08 | 0.58 | 0.29 |
| Equity / assets | 25.1% | 27.1% | 15.7% | 17.4% | 20.3% | 20.3% | 39.1% | 39.0% | 43.7% | 43.7% | 43.3% | 44.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 20, 2026); data from EODHD.
KBSX financial position
At the end of fiscal 2025 (December 31, 2025), FST had total assets of $59.8 million (up 2.3% from a year earlier), total liabilities of $50.3 million and shareholders' equity of $9.4 million. It held $7.2 million in cash and short-term investments against $35.5 million of debt, net debt of $28.3 million. Its current ratio was 0.79. In the latest quarter (ended June 30, 2026) total assets were $62.9 million and equity $15.8 million.
Related: KBSX income statement, KBSX cash flow statement, KBSX key metrics. See the KBSX stock overview for the latest quote and news.
KBSX balance sheet FAQ
What are FST's total assets?
FST reported total assets of $59.8 million at the end of fiscal 2025 (December 31, 2025), compared with $58.5 million a year earlier.
How much debt does FST have?
FST had $35.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 3.79.
How much cash does FST have?
FST held $7.2 million in cash and short-term investments at the end of fiscal 2025; with $35.5 million of debt that is net debt of $28.3 million.
What is FST's book value?
FST's shareholders' equity (book value) was $9.4 million at the end of fiscal 2025, or $0.21 per share.
What is FST's current ratio?
FST had current assets of $27.5 million and current liabilities of $34.7 million, a current ratio of 0.79 (current liabilities exceed current assets).
How much goodwill does FST have?
FST carried $4.8 million of goodwill and intangible assets, 8.1% of total assets, at the end of fiscal 2025.