3 E Network Technology Group Ltd Class A (MASK) Balance Sheet

NASDAQ: MASKAssets, liabilities, debt and equity over 4 years.

MASK balance sheet, FY2025

June 30, 2025 · U.S. dollars

$9.4M assets = $4.0M liabilities + $5.4M equity

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

MASK financial health

Current ratio2.46

Comfortable · current assets cover current liabilities 2.46×

Debt / equity0.20

Low leverage · $0.20 of debt for each $1 of equity

Equity / assets57.2%

Equity-funded · of assets funded by shareholders

Cash / debt249.7%

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

Goodwill & intangibles0.0%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

MASK balance sheet trends, FY2022–FY2025

3 E Network Technology Group Ltd Class A balance sheet trends
Metric	Then	Latest	Change
Total assets	$1.8MFY2022	$9.4MFY2025	+73.4%/yr
Total liabilities	$1.5MFY2022	$4.0MFY2025	+38.8%/yr
Shareholders’ equity	$298,309FY2022	$5.4MFY2025	+161.8%/yr
Cash & short-term investments	$46,765FY2022	$2.7MFY2025	+286.4%/yr
Total debt	$404,978FY2022	$1.1MFY2025	+38.7%/yr
Net cash (debt)	−$358,213FY2022	$1.6MFY2025	+$2.0M
Working capital	−$108,123FY2022	$4.3MFY2025	+$4.4M
Current ratio	0.90FY2022	2.46FY2025	+1.56
Debt / equity	1.36FY2022	0.20FY2025	−1.16

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

MASK assets

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

MASK liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

MASK debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

MASK balance sheet

3 E Network Technology Group Ltd Class A annual balance sheet
	FY2025	FY2024	FY2023	FY2022
Assets
Cash & short-term investments	$2.7M	$51,809	$19,396	$46,765
Cash & equivalents	$313,566	$51,809	$19,396	$46,765
Short-term investments	$2.4M	$0	—	—
Receivables	$3.3M	$2.1M	$882,580	$889,779
Inventory	$0	$0	$0	$0
Other current assets	$1.2M	$41,461	$44,733	$46,571
Total current assets	$7.2M	$2.2M	$946,709	$983,115
Property, plant & equipment (net)	$0	$11,216	$17,787	$14,667
Goodwill & intangible assets	$0	$0	$0	$0
Long-term investments	$625,505	$0	$0	$0
Other non-current assets	$1.5M	$1.6M	$1.0M	$796,743
Total assets	$9.4M	$3.9M	$2.0M	$1.8M
Liabilities
Accounts payable	$3,000	$206,407	$10,343	$3,956
Short-term debt	—	—	—	$743,064
Deferred revenue	—	$1,009	$1,520	$57,109
Total current liabilities	$2.9M	$721,838	$260,999	$1.1M
Long-term debt	$1.1M	$402,202	$551,867	$404,978
Other long-term liabilities	$0	$0	$0	$0
Total liabilities	$4.0M	$1.1M	$812,866	$1.5M
Shareholders' equity
Common stock & paid-in capital	$1,183	$1,000	$1,000	$1,000
Retained earnings (deficit)	$3.3M	$2.8M	$1.3M	$358,685
Accumulated other comprehensive income	−$33,883	−$103,197	−$111,332	−$60,376
Total shareholders' equity	$5.4M	$2.7M	$1.2M	$298,309
Key figures
Total debt	$1.1M	$402,202	$551,867	$404,978
Net cash (debt)	$1.6M	−$350,393	−$532,471	−$358,213
Working capital	$4.3M	$1.5M	$685,710	−$108,123
Tangible book value	$5.4M	$2.7M	$1.2M	$298,309
Current ratio	2.46	3.08	3.63	0.90
Quick ratio	2.05	3.02	3.46	0.86
Debt / equity	0.20	0.15	0.46	1.36
Equity / assets	57.2%	70.9%	59.5%	16.6%

3 E Network Technology Group Ltd Class A quarterly balance sheet
	Mar '26	Dec '25	Sep '25	Jun '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Jun '23
Assets
Cash & short-term investments	$2.6M	$2.6M	$2.6M	$2.7M	$71,590	$71,590	$51,809	$51,809	$114,067	$19,396
Cash & equivalents	$35,284	$35,284	$35,284	$313,566	$71,590	$71,590	$51,809	$51,809	$114,067	$19,396
Short-term investments	$2.5M	$2.5M	$2.4M	$2.4M	—	—	$0	—	—	—
Receivables	$4.5M	$4.4M	$4.4M	$3.2M	$2.7M	$2.7M	$2.1M	$2.1M	$1.0M	$882,580
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$2.7M	$2.8M	$2.8M	$1.3M	$424,689	$430,625	$41,461	$73,474	$41,988	$44,733
Total current assets	$9.8M	$9.8M	$9.8M	$7.2M	$3.2M	$3.2M	$2.2M	$2.2M	$1.2M	$946,709
Property, plant & equipment (net)	$263,722	$263,722	$263,722	$0	$8,675	$8,675	$11,216	$11,216	$14,718	$17,787
Goodwill & intangible assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$0	$0	$0	$625,505	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.3M	$3.3M	$3.3M	$1.5M	$2.2M	$2.2M	$1.6M	$1.6M	$1.6M	$1.0M
Total assets	$13.4M	$13.4M	$13.4M	$9.4M	$5.4M	$5.4M	$3.9M	$3.9M	$2.8M	$2.0M
Liabilities
Accounts payable	—	$0	$3,000	$3,000	$800,000	$800,000	$206,407	$206,407	$109,156	$10,343
Short-term debt	$5,729	—	$67,929	—	$63,000	—	—	—	—	—
Deferred revenue	—	—	—	—	$1,612	—	$1,009	—	$1,665	$1,520
Total current liabilities	$3.2M	$3.2M	$3.2M	$2.9M	$1.5M	$1.5M	$721,838	$721,838	$462,144	$260,999
Long-term debt	$0	$1.3M	$0	$1.1M	$85,567	$0	$402,202	$0	$428,097	$551,867
Lease obligations	—	$264,985	—	—	—	—	—	—	—	—
Other long-term liabilities	$1.6M	$259,256	$1.6M	$0	$0	$85,567	$0	$402,202	$0	$0
Total liabilities	$4.8M	$4.8M	$4.8M	$4.0M	$1.6M	$1.6M	$1.1M	$1.1M	$890,241	$812,866
Shareholders' equity
Common stock & paid-in capital	$2,195	—	$2,195	—	$1,000	$1,000	$1,000	$1,000	$1,000	$1,000
Retained earnings (deficit)	$3.1M	$3.1M	$3.1M	$3.3M	$3.9M	$4.0M	$2.8M	$2.9M	$2.0M	$1.3M
Accumulated other comprehensive income	$8,198	—	$8,197	—	−$85,541	−$179,915	−$103,197	−$167,670	−$68,989	−$111,332
Total shareholders' equity	$8.6M	$8.6M	$8.6M	$5.4M	$3.8M	$3.8M	$2.7M	$2.7M	$1.9M	$1.2M
Key figures
Total debt	$1.6M	$1.3M	$1.6M	$1.1M	$148,567	$85,567	$402,202	$402,202	$428,097	$551,867
Net cash (debt)	$982,997	$1.2M	$920,797	$1.6M	−$76,977	−$13,977	−$350,393	−$350,393	−$314,030	−$532,471
Working capital	$6.5M	$6.5M	$6.5M	$4.3M	$1.7M	$1.7M	$1.5M	$1.5M	$704,275	$685,710
Tangible book value	$8.6M	$8.6M	$8.6M	$5.4M	$3.8M	$3.8M	$2.7M	$2.7M	$1.9M	$1.2M
Book value per share	$9.75	$10.01	—	—	—	—	—	—	—	—
Shares outstanding	878K	855K	—	—	—	—	—	—	—	—
Current ratio	3.01	3.01	3.01	2.46	2.14	2.14	3.08	3.08	2.52	3.63
Quick ratio	2.17	2.15	2.15	2.03	1.86	1.85	3.02	2.98	2.43	3.46
Debt / equity	0.18	0.15	0.19	0.20	0.04	0.02	0.15	0.15	0.22	0.46
Equity / assets	64.1%	64.1%	64.1%	57.2%	70.7%	70.7%	70.9%	70.9%	68.4%	59.5%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 14, 2025); data from EODHD.

MASK financial position

At the end of fiscal 2025 (June 30, 2025), 3 E Network Technology had total assets of $9.4 million (up 142.3% from a year earlier), total liabilities of $4.0 million and shareholders' equity of $5.4 million. It held $2.7 million in cash and short-term investments against $1.1 million of debt, a net cash position of $1.6 million. Its current ratio was 2.46. In the latest quarter (ended March 31, 2026) total assets were $13.4 million and equity $8.6 million.

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

MASK balance sheet FAQ

What are 3 E Network Technology's total assets?

3 E Network Technology reported total assets of $9.4 million at the end of fiscal 2025 (June 30, 2025), compared with $3.9 million a year earlier.

How much debt does 3 E Network Technology have?

3 E Network Technology had $1.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.20.

How much cash does 3 E Network Technology have?

3 E Network Technology held $2.7 million in cash and short-term investments at the end of fiscal 2025; with $1.1 million of debt that is net cash of $1.6 million.

What is 3 E Network Technology's book value?

3 E Network Technology's shareholders' equity (book value) was $5.4 million at the end of fiscal 2025.

What is 3 E Network Technology's current ratio?

3 E Network Technology had current assets of $7.2 million and current liabilities of $2.9 million, a current ratio of 2.46 (it can cover its short-term obligations).