New Century Logistics (BVI) Limited (NCEW) Balance Sheet
NCEW balance sheet, FY2025
September 30, 2025 · U.S. dollars$1.9M assets = $1.2M liabilities + $672,521 equity
Both columns are drawn to the same scale: what NCEW owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NCEW financial health
Descriptive bands, not a rating. Fiscal FY2025.
NCEW balance sheet trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $25.7MFY2021 | $1.9MFY2025 | −48.1%/yr | |
| Total liabilities | $12.9MFY2021 | $1.2MFY2025 | −44.8%/yr | |
| Shareholders’ equity | $12.8MFY2021 | $679,868FY2025 | −52.0%/yr | |
| Cash & short-term investments | $1.9MFY2021 | $124,212FY2025 | −49.7%/yr | |
| Total debt | $3.1MFY2021 | $412,419FY2025 | −39.6%/yr | |
| Net cash (debt) | −$1.2MFY2021 | −$288,207FY2025 | +$868,875 | |
| Working capital | $12.2MFY2021 | $541,324FY2025 | −$11.6M | |
| Book value per share | $4.77FY2021 | $0.24FY2025 | −52.8%/yr | |
| Current ratio | 2.00FY2021 | 1.47FY2025 | −0.53 | |
| Debt / equity | 0.24FY2021 | 0.61FY2025 | +0.37 | |
| Shares outstanding | 2.7MFY2021 | 2.9MFY2025 | +1.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NCEW assets
NCEW liabilities and equity
NCEW debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NCEW balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $124,212 | $659,320 | $291,316 | $2.5M | $1.9M |
| Cash & equivalents | $124,212 | $659,320 | $291,316 | $2.5M | $1.9M |
| Short-term investments | — | $304,324 | $305,170 | $426,845 | $473,529 |
| Receivables | $1.5M | $14.1M | $11.7M | $16.4M | $21.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $59,170 | $2.3M | $1.8M | $426,845 | $473,529 |
| Total current assets | $1.7M | $17.1M | $13.8M | $19.4M | $24.3M |
| Property, plant & equipment (net) | $81,098 | $1.2M | $1.9M | $3.2M | $1.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $90,745 | $172,617 | $118,411 | $116,507 | $93,933 |
| Total assets | $1.9M | $18.5M | $15.8M | $22.7M | $25.7M |
| Liabilities | |||||
| Accounts payable | $678,472 | $6.5M | $3.9M | $4.5M | $7.7M |
| Short-term debt | $371,773 | $4.5M | $4.3M | $2.6M | $2.3M |
| Total current liabilities | $1.2M | $11.7M | $9.3M | $9.5M | $12.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $220,457 |
| Lease obligations | $568,413 | $1.1M | $1.7M | $2.8M | $1.2M |
| Other long-term liabilities | $40,646 | $520,113 | $489,104 | $1.6M | $548,712 |
| Total liabilities | $1.2M | $12.2M | $9.8M | $11.1M | $12.9M |
| Shareholders' equity | |||||
| Retained earnings (deficit) | −$593,572 | $6.1M | $5.8M | $11.4M | $12.7M |
| Minority interest | −$57,164 | $0 | — | — | — |
| Total shareholders' equity | $679,868 | $6.2M | $6.0M | $11.5M | $12.8M |
| Key figures | |||||
| Total debt | $412,419 | $5.1M | $4.8M | $4.3M | $3.1M |
| Net cash (debt) | −$288,207 | −$4.4M | −$4.5M | −$1.8M | −$1.2M |
| Working capital | $541,324 | $5.4M | $4.5M | $9.9M | $12.2M |
| Tangible book value | $679,868 | $6.2M | $6.0M | $11.5M | $12.8M |
| Book value per share | $0.24 | $2.48 | $2.13 | $4.10 | $4.77 |
| Shares outstanding | 2.9M | 2.5M | 2.8M | 2.8M | 2.7M |
| Current ratio | 1.47 | 1.46 | 1.48 | 2.04 | 2.00 |
| Quick ratio | 1.42 | 1.26 | 1.28 | 2.00 | 1.96 |
| Debt / equity | 0.61 | 0.82 | 0.80 | 0.37 | 0.24 |
| Equity / assets | 36.4% | 33.6% | 37.9% | 50.9% | 49.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $703,344 | $703,344 | $1.9M | $645,912 | $645,912 | $3.1M | $659,320 | $963,644 | $158,384 | $463,554 | $291,316 |
| Cash & equivalents | $62,318 | $62,318 | $62,318 | $645,912 | $645,912 | $288,545 | $659,320 | $659,320 | $158,384 | $158,384 | $291,316 |
| Short-term investments | $641,026 | $641,026 | $1.8M | — | $2.8M | $2.8M | — | $304,324 | $305,170 | $305,170 | — |
| Receivables | $9.8M | $8.6M | $8.6M | $11.8M | $11.8M | $10.0M | $13.2M | $13.2M | $13.7M | $13.7M | $11.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $320,513 | $1.5M | $320,513 | $780,876 | $780,876 | $0 | $3.2M | $2.9M | $3.0M | $2.7M | $1.8M |
| Total current assets | $10.8M | $10.8M | $10.8M | $13.2M | $13.2M | $13.1M | $17.1M | $17.1M | $16.9M | $16.9M | $13.8M |
| Property, plant & equipment (net) | $641,496 | $641,496 | $641,496 | $630,982 | $630,982 | $674,758 | $1.2M | $1.2M | $1.2M | $1.2M | $1.9M |
| Goodwill & intangible assets | $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 |
| Other non-current assets | $623,088 | $623,088 | $623,088 | $706,029 | $706,029 | $172,617 | $172,617 | $172,617 | $124,289 | $124,289 | $118,411 |
| Total assets | $12.1M | $12.1M | $12.1M | $14.5M | $14.5M | $13.9M | $18.5M | $18.5M | $18.2M | $18.2M | $15.8M |
| Liabilities | |||||||||||
| Accounts payable | $2.9M | $2.9M | $2.9M | $5.3M | $5.3M | $4.0M | $6.5M | $6.5M | $6.0M | $6.0M | $3.9M |
| Short-term debt | $3.2M | — | $3.2M | — | $2.9M | $886,787 | — | $4.5M | $5.2M | $5.2M | $4.3M |
| Total current liabilities | $7.0M | $7.0M | $7.0M | $9.0M | $9.0M | $5.8M | $11.7M | $11.7M | $11.7M | $11.7M | $9.3M |
| Long-term debt | $0 | $63,808 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $515,700 | — | $568,413 | — | — | $1.1M | — | $1.1M | — | $1.7M |
| Other long-term liabilities | $274,980 | $211,172 | $274,980 | $316,246 | $316,246 | $424,385 | $520,113 | $520,113 | $52,544 | $52,544 | $489,104 |
| Total liabilities | $7.2M | $7.2M | $7.2M | $9.3M | $9.3M | $6.2M | $12.2M | $12.2M | $11.7M | $11.7M | $9.8M |
| Shareholders' equity | |||||||||||
| Retained earnings (deficit) | −$4.9M | −$4.9M | −$4.9M | −$4.6M | −$4.6M | $4.2M | $6.1M | $6.1M | $6.4M | $6.4M | $5.8M |
| Minority interest | — | −$94,856 | — | −$57,164 | — | — | — | — | — | — | — |
| Total shareholders' equity | $5.0M | $5.0M | $5.0M | $5.3M | $5.3M | $7.7M | $6.2M | $6.2M | $6.5M | $6.5M | $6.0M |
| Key figures | |||||||||||
| Total debt | $3.5M | $63,808 | $3.5M | — | $3.2M | $1.3M | — | $5.1M | $5.3M | $5.3M | $4.8M |
| Net cash (debt) | −$2.8M | $639,536 | −$1.6M | — | −$2.6M | $1.8M | — | −$4.1M | −$5.1M | −$4.8M | −$4.5M |
| Working capital | $3.9M | $3.9M | $3.9M | $4.2M | $4.2M | $7.3M | $5.4M | $5.4M | $5.2M | $5.2M | $4.5M |
| Tangible book value | $5.0M | $5.0M | $5.0M | $5.3M | $5.3M | $7.7M | $6.2M | $6.2M | $6.5M | $6.5M | $6.0M |
| Book value per share | $1.55 | $1.55 | $1.55 | $1.65 | $1.68 | — | $2.31 | $2.48 | $2.61 | $2.61 | — |
| Shares outstanding | 3.2M | 3.2M | 3.2M | 3.2M | 3.2M | — | 2.7M | 2.5M | 2.5M | 2.5M | — |
| Current ratio | 1.56 | 1.56 | 1.56 | 1.47 | 1.47 | 2.27 | 1.46 | 1.46 | 1.45 | 1.45 | 1.48 |
| Quick ratio | 1.51 | 1.34 | 1.51 | 1.38 | 1.38 | 2.27 | 1.19 | 1.21 | 1.19 | 1.21 | 1.28 |
| Debt / equity | 0.70 | 0.01 | 0.70 | — | 0.61 | 0.17 | — | 0.82 | 0.81 | 0.81 | 0.80 |
| Equity / assets | 41.0% | 41.0% | 41.0% | 36.4% | 36.4% | 55.5% | 33.6% | 33.6% | 35.7% | 35.7% | 37.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 17, 2026); data from EODHD.
NCEW financial position
At the end of fiscal 2025 (September 30, 2025), New Century Logistics had total assets of $1.9 million (down 89.9% from a year earlier), total liabilities of $1.2 million and shareholders' equity of $0.7 million. It held $0.1 million in cash and short-term investments against $0.4 million of debt, net debt of $0.3 million. Its current ratio was 1.47. In the latest quarter (ended June 30, 2026) total assets were $12.1 million and equity $5.0 million.
Related: NCEW income statement, NCEW cash flow statement, NCEW key metrics. See the NCEW stock overview for the latest quote and news.
NCEW balance sheet FAQ
What are New Century Logistics's total assets?
New Century Logistics reported total assets of $1.9 million at the end of fiscal 2025 (September 30, 2025), compared with $18.5 million a year earlier.
How much debt does New Century Logistics have?
New Century Logistics had $0.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.61.
How much cash does New Century Logistics have?
New Century Logistics held $0.1 million in cash and short-term investments at the end of fiscal 2025; with $0.4 million of debt that is net debt of $0.3 million.
What is New Century Logistics's book value?
New Century Logistics's shareholders' equity (book value) was $0.7 million at the end of fiscal 2025, or $0.24 per share.
What is New Century Logistics's current ratio?
New Century Logistics had current assets of $1.7 million and current liabilities of $1.2 million, a current ratio of 1.47 (it can cover its short-term obligations).