Emerson Radio Corp. (MSN) Balance Sheet
MSN balance sheet, FY2026
March 31, 2026 · U.S. dollars$18.6M assets = $1.4M liabilities + $17.2M equity
Both columns are drawn to the same scale: what MSN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MSN financial health
Debt / equity0.02
Low leverage · $0.02 of debt for each $1 of equity
Equity / assets92.3%
Equity-funded · of assets funded by shareholders
Cash / debt3,794.5%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
MSN balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $57.8MFY2017 | $18.6MFY2026 | −11.8%/yr | |
| Total liabilities | $921,000FY2017 | $1.4MFY2026 | +5.1%/yr | |
| Shareholders’ equity | $56.9MFY2017 | $17.2MFY2026 | −12.5%/yr | |
| Cash & short-term investments | $52.5MFY2017 | $12.3MFY2026 | −14.9%/yr | |
| Total debt | $0FY2017 | $325,000FY2026 | — | |
| Net cash (debt) | $52.5MFY2017 | $12.0MFY2026 | −$40.5M | |
| Working capital | $56.0MFY2017 | $16.8MFY2026 | −$39.2M | |
| Book value per share | $2.10FY2017 | $0.82FY2026 | −10.0%/yr | |
| Debt / equity | 0.00FY2017 | 0.02FY2026 | +0.02 | |
| Shares outstanding | 27.1MFY2017 | 21.0MFY2026 | −2.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MSN assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
MSN liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
MSN debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MSN balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $12.3M | $16.1M | $19.9M | $25.3M | $25.6M | $30.3M | $34.4M | $36.3M | $41.1M | $52.5M |
| Cash & equivalents | $9.2M | $1.2M | $19.9M | $25.3M | $25.6M | $5.2M | $6.3M | $7.9M | $25.1M | $27.5M |
| Short-term investments | $3.1M | $14.9M | $0 | — | $0 | $25.0M | $28.1M | $28.4M | $16.0M | $25.1M |
| Receivables | $1.4M | $1.5M | $1.4M | $1.4M | $1.3M | $691,000 | $484,000 | $604,000 | $1.9M | $1.3M |
| Inventory | $4.1M | $4.9M | $7.0M | $3.8M | $2.1M | $2.0M | $1.9M | $3.5M | $3.2M | $838,000 |
| Other current assets | $268,000 | $290,000 | $381,000 | $604,000 | $531,000 | $650,000 | $577,000 | $841,000 | $857,000 | $2.2M |
| Total current assets | $18.1M | $22.8M | $28.6M | $31.1M | $29.5M | $33.6M | $37.4M | $41.3M | $47.1M | $56.9M |
| Property, plant & equipment (net) | $433,000 | $660,000 | $377,000 | $202,000 | $407,000 | $216,000 | $451,000 | $6,000 | $14,000 | $18,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $76,000 | $76,000 | $84,000 | $74,000 | $90,000 | $94,000 | $94,000 | $602,000 | $679,000 | $892,000 |
| Total assets | $18.6M | $23.5M | $29.1M | $31.4M | $30.0M | $33.9M | $37.9M | $41.9M | $47.8M | $57.8M |
| Liabilities | ||||||||||
| Accounts payable | $1.1M | $808,000 | $1.2M | $641,000 | $758,000 | $788,000 | $592,000 | $545,000 | $803,000 | $756,000 |
| Short-term debt | $163,000 | $137,000 | $93,000 | $140,000 | $212,000 | $357,000 | $242,000 | $0 | $0 | $0 |
| Deferred revenue | — | $96,000 | $191,000 | $149,000 | $210,000 | $195,000 | $180,000 | $165,000 | $50,000 | — |
| Total current liabilities | $1.3M | $1.7M | $2.0M | $4.6M | $1.4M | $1.5M | $1.2M | $960,000 | $1.1M | $921,000 |
| Long-term debt | $0 | $5,000 | $0 | $0 | $2,000 | $3,000 | $4,000 | $0 | $0 | $0 |
| Lease obligations | $325,000 | $463,000 | $291,000 | $202,000 | $415,000 | $238,000 | $480,000 | — | — | — |
| Other long-term liabilities | $162,000 | $321,000 | $866,000 | $1.3M | $1.8M | $1.9M | $2.3M | $2.2M | $2.9M | $0 |
| Total liabilities | $1.4M | $2.0M | $2.8M | $5.9M | $3.2M | $3.5M | $3.5M | $3.1M | $4.0M | $921,000 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 |
| Retained earnings (deficit) | −$33.2M | −$28.9M | −$24.2M | −$25.0M | −$23.6M | −$20.0M | −$16.0M | −$11.7M | −$9.3M | −$2.4M |
| Treasury stock | — | — | — | — | — | −$33.2M | −$33.2M | −$33.2M | −$30.6M | −$24.3M |
| Accumulated other comprehensive income | — | — | $0 | −$3.3M | $0 | — | −$388,000 | −$412,000 | −$507,000 | −$506,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $17.2M | $21.5M | $26.2M | $25.5M | $26.8M | $30.4M | $34.4M | $38.7M | $43.8M | $56.9M |
| Key figures | ||||||||||
| Total debt | $325,000 | $463,000 | $291,000 | $202,000 | $415,000 | $442,000 | $480,000 | $0 | $0 | $0 |
| Net cash (debt) | $12.0M | $15.6M | $19.6M | $25.1M | $25.2M | $29.8M | $33.9M | $36.3M | $41.1M | $52.5M |
| Working capital | $16.8M | $21.1M | $26.6M | $26.4M | $28.1M | $32.1M | $36.1M | $40.3M | $46.0M | $56.0M |
| Tangible book value | $17.2M | $21.5M | $26.2M | $25.5M | $26.8M | $30.4M | $34.4M | $38.7M | $43.8M | $56.9M |
| Book value per share | $0.82 | $1.02 | $1.25 | $1.21 | $1.27 | $1.45 | $1.64 | $1.77 | $1.73 | $2.10 |
| Shares outstanding | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.9M | 25.3M | 27.1M |
| Current ratio | 14.16 | 13.33 | 14.49 | 6.69 | 21.46 | 21.87 | 30.90 | 42.97 | 42.67 | 61.82 |
| Quick ratio | 10.73 | 10.29 | 10.78 | 5.74 | 19.54 | 20.17 | 28.83 | 38.43 | 39.02 | 58.48 |
| Debt / equity | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 92.3% | 91.3% | 90.2% | 81.2% | 89.4% | 89.8% | 90.8% | 92.5% | 91.7% | 98.4% |
| 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 | $11.5M | $12.3M | $13.3M | $13.5M | $15.5M | $16.1M | $16.4M | $16.7M | $18.9M | $19.9M | $22.1M | $20.9M |
| Cash & equivalents | $5.3M | $9.2M | $4.2M | $956,000 | $1.7M | $1.2M | $689,000 | $464,000 | $2.8M | $19.9M | $3.6M | $20.9M |
| Short-term investments | $6.2M | $3.1M | $9.1M | $12.5M | $13.9M | $14.9M | $15.8M | $16.3M | $16.0M | $18.5M | $18.5M | — |
| Receivables | $927,000 | $1.4M | $1.5M | $1.2M | $1.4M | $1.5M | $3.5M | $2.1M | $1.8M | $1.4M | $1.3M | $1.8M |
| Inventory | $4.9M | $4.1M | $4.4M | $5.0M | $5.2M | $4.9M | $5.2M | $6.1M | $6.1M | $7.0M | $5.8M | $5.7M |
| Other current assets | $462,000 | $268,000 | $397,000 | $370,000 | $492,000 | $290,000 | $420,000 | $708,000 | $1.1M | $381,000 | $501,000 | $794,000 |
| Total current assets | $17.8M | $18.1M | $19.6M | $20.1M | $22.6M | $22.8M | $25.6M | $25.7M | $27.9M | $28.6M | $29.7M | $29.2M |
| Property, plant & equipment (net) | $381,000 | $433,000 | $492,000 | $549,000 | $602,000 | $660,000 | $714,000 | $760,000 | $500,000 | $377,000 | $419,000 | $448,000 |
| 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 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $76,000 | $77,000 | $84,000 | $84,000 | $84,000 | $84,000 | $84,000 |
| Total assets | $18.2M | $18.6M | $20.1M | $20.7M | $23.3M | $23.5M | $26.4M | $26.6M | $28.5M | $29.1M | $30.2M | $29.8M |
| Liabilities | ||||||||||||
| Accounts payable | $1.3M | $1.1M | $1.2M | $978,000 | $1.8M | $808,000 | $1.2M | $838,000 | $1.6M | $1.2M | $1.3M | $580,000 |
| Short-term debt | $168,000 | $163,000 | $159,000 | $154,000 | $140,000 | $137,000 | $133,000 | $129,000 | $59,000 | $93,000 | $129,000 | $163,000 |
| Deferred revenue | $64,000 | — | — | $32,000 | $64,000 | $96,000 | $127,000 | $149,000 | $170,000 | $191,000 | $212,000 | — |
| Total current liabilities | $1.5M | $1.3M | $1.3M | $1.2M | $2.7M | $1.7M | $2.1M | $1.8M | $2.3M | $2.0M | $2.2M | $1.4M |
| Long-term debt | $0 | $0 | $4,000 | $4,000 | $5,000 | $5,000 | $5,000 | $6,000 | $0 | $0 | $0 | $0 |
| Lease obligations | $286,000 | $325,000 | $364,000 | $401,000 | $426,000 | $463,000 | $498,000 | $532,000 | $252,000 | $291,000 | $337,000 | $382,000 |
| Other long-term liabilities | $118,000 | $162,000 | $201,000 | $243,000 | $281,000 | $321,000 | $360,000 | $397,000 | $860,999 | $866,000 | $876,000 | $887,000 |
| Total liabilities | $1.6M | $1.4M | $1.5M | $1.4M | $3.0M | $2.0M | $2.5M | $2.2M | $3.2M | $2.8M | $3.1M | $2.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 | $529,000 |
| Retained earnings (deficit) | −$33.8M | −$33.2M | −$31.8M | −$31.1M | −$30.1M | −$28.9M | −$26.6M | −$26.0M | −$25.2M | −$24.2M | −$23.3M | −$22.9M |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | — | — | −$529,000 | $0 | −$3.3M | $0 |
| Total shareholders' equity | $16.6M | $17.2M | $18.6M | $19.3M | $20.4M | $21.5M | $23.9M | $24.4M | $25.3M | $26.2M | $27.1M | $27.5M |
| Key figures | ||||||||||||
| Total debt | $286,000 | $325,000 | $565,000 | $401,000 | $426,000 | $463,000 | $498,000 | $532,000 | $252,000 | $291,000 | $337,000 | $382,000 |
| Net cash (debt) | $11.2M | $12.0M | $12.7M | $13.1M | $15.1M | $15.6M | $15.9M | $16.2M | $18.6M | $19.6M | $21.8M | $20.5M |
| Working capital | $16.3M | $16.8M | $18.3M | $18.9M | $20.0M | $21.1M | $23.4M | $23.9M | $25.5M | $26.6M | $27.5M | $27.9M |
| Tangible book value | $16.6M | $17.2M | $18.6M | $19.3M | $20.4M | $21.5M | $23.9M | $24.4M | $25.3M | $26.2M | $27.1M | $27.5M |
| Book value per share | $0.79 | $0.82 | $0.88 | $0.92 | $0.97 | $1.02 | $1.13 | $1.16 | $1.20 | $1.25 | $1.29 | $1.31 |
| Shares outstanding | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M | 21.0M |
| Current ratio | 12.13 | 14.16 | 14.75 | 17.25 | 8.49 | 13.33 | 11.98 | 14.41 | 11.94 | 14.49 | 13.28 | 21.41 |
| Quick ratio | 8.48 | 10.73 | 11.12 | 12.66 | 6.34 | 10.29 | 9.37 | 10.58 | 8.84 | 10.78 | 10.48 | 16.63 |
| Debt / equity | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 91.3% | 92.3% | 92.4% | 93.2% | 87.3% | 91.3% | 90.5% | 91.8% | 88.8% | 90.2% | 89.7% | 92.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 26, 2026); data from EODHD.
MSN financial position
At the end of fiscal 2026 (March 31, 2026), Emerson Radio had total assets of $18.6 million (down 20.8% from a year earlier), total liabilities of $1.4 million and shareholders' equity of $17.2 million. It held $12.3 million in cash and short-term investments against $0.3 million of debt, a net cash position of $12.0 million. Its current ratio was 14.16. In the latest quarter (ended June 30, 2026) total assets were $18.2 million and equity $16.6 million.
Related: MSN income statement, MSN cash flow statement, MSN key metrics. See the MSN stock overview for the latest quote and news.
MSN balance sheet FAQ
What are Emerson Radio's total assets?
Emerson Radio reported total assets of $18.6 million at the end of fiscal 2026 (March 31, 2026), compared with $23.5 million a year earlier.
How much debt does Emerson Radio have?
Emerson Radio had $0.3 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.02.
How much cash does Emerson Radio have?
Emerson Radio held $12.3 million in cash and short-term investments at the end of fiscal 2026; with $0.3 million of debt that is net cash of $12.0 million.
What is Emerson Radio's book value?
Emerson Radio's shareholders' equity (book value) was $17.2 million at the end of fiscal 2026, or $0.82 per share.
What is Emerson Radio's current ratio?
Emerson Radio had current assets of $18.1 million and current liabilities of $1.3 million, a current ratio of 14.16 (it can cover its short-term obligations).