New England Realty Associates LP (NEN) Balance Sheet
NEN balance sheet, 2025
December 31, 2025 · U.S. dollars$505.3M assets = $579.5M liabilities + −$74.2M equity
Liabilities exceed assets: shareholders’ equity is negative (−$74.2M).
Both columns are drawn to the same scale: what NEN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NEN financial health
Descriptive bands, not a rating. Fiscal 2025.
NEN balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $190.6M2016 | $505.3M2025 | +11.4%/yr | |
| Total liabilities | $224.8M2016 | $579.5M2025 | +11.1%/yr | |
| Shareholders’ equity | −$34.2M2016 | −$73.5M2025 | — | |
| Cash & short-term investments | $7.5M2016 | $26.67B2025 | +148.2%/yr | |
| Total debt | $212.7M2016 | $527.6M2025 | +10.6%/yr | |
| Net cash (debt) | −$205.2M2016 | $26.14B2025 | +$26.3B | |
| Working capital | $6.1M2016 | $24.5M2025 | +$18.4M | |
| Book value per share | −$9.042016 | −$21.012025 | — | |
| Current ratio | 1.932016 | 4.712025 | +2.78 | |
| Shares outstanding | 3.8M2016 | 3.5M2025 | −0.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NEN assets
NEN liabilities and equity
NEN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NEN balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $26.67B | $101.2M | $102.9M | $137.9M | $96.1M | $18.6M | $7.5M | $9.1M | $7.2M | $7.5M |
| Cash & equivalents | $26.67B | $17.6M | $18.2M | $49.6M | $96.1M | $18.6M | $7.5M | $9.1M | $7.2M | $7.5M |
| Short-term investments | $0 | $83.6M | $84.7M | $88.3M | $1.5M | — | — | — | $357,000 | $423,000 |
| Receivables | $1.43B | $3.8M | $3.2M | $2.6M | $1.8M | $1.9M | $931,391 | $3.8M | $1.1M | $1.7M |
| Inventory | $2.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $8.8M | $6.2M | $5.0M | $4.6M | $1.6M | $4.1M | $3.6M |
| Total current assets | $31.2M | $105.0M | $106.1M | $149.3M | $104.0M | $25.6M | $13.1M | $14.5M | $12.4M | $12.8M |
| Property, plant & equipment (net) | $0 | $0 | $269.8M | $241.1M | $251.4M | $264.6M | $278.4M | $230.5M | $207.2M | $169.5M |
| Goodwill & intangible assets | $2.7M | $334,000 | $1.5M | $26,000 | $26,000 | $51,000 | $1.4M | $152,000 | $302,000 | $12,000 |
| Long-term investments | $1.4M | $1.4M | $1.4M | $1.4M | $1.5M | $1.4M | $1.4M | $2.0M | $7.2M | $8.3M |
| Other non-current assets | $470.1M | $286.7M | $6.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $505.3M | $393.5M | $385.7M | $391.8M | $356.9M | $291.7M | $294.3M | $247.0M | $226.8M | $190.6M |
| Liabilities | ||||||||||
| Accounts payable | $8.9M | $9.0M | $5.7M | $7.3M | $4.3M | $3.9M | $4.3M | $3.9M | $3.3M | $4.1M |
| Short-term debt | $6.6M | $3.6M | $2.9M | $2.7M | $2.7M | $2.5M | $4.7M | $1.9M | $17.0M | $212.7M |
| Deferred revenue | — | — | $26.7M | −$2.7M | −$2.7M | −$2.5M | −$4.7M | −$252.4M | — | −$212.7M |
| Total current liabilities | $6.6M | $3.6M | $2.9M | $31.7M | $27.3M | $25.2M | $24.2M | $22.3M | $6.1M | $6.6M |
| Long-term debt | $521.0M | $402.6M | $405.8M | $411.0M | $370.5M | $300.4M | $299.8M | $254.4M | $250.2M | $212.7M |
| Other long-term liabilities | $51.9M | $49.7M | $42.4M | $9.0M | $8.4M | $7.5M | $8.1M | $6.0M | $5.8M | $5.4M |
| Total liabilities | $579.5M | $455.9M | $451.1M | $451.7M | $406.2M | $333.1M | $332.1M | $282.7M | $262.1M | $224.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | −$73.7M | −$62.2M | −$64.9M | $294,931 | −$49.3M | −$41.5M | −$37.4M | −$35.3M | −$35.0M | −$33.9M |
| Retained earnings (deficit) | −$73.7M | −$62.0M | −$64.7M | −$59.3M | −$48.8M | −$41.1M | −$37.4M | −$35.3M | −$35.1M | −$34.1M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $210,742 | $408,963 | $236,377 | $294,931 | −$49.3M | −$41.5M | −$37.8M | −$35.6M | −$104.8M | −$94.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | −$73.5M | −$61.8M | −$64.7M | −$59.9M | −$49.3M | −$41.5M | −$37.8M | −$35.3M | −$35.3M | −$34.2M |
| Key figures | ||||||||||
| Total debt | $527.6M | $406.2M | $408.7M | $413.7M | $373.2M | $303.0M | $304.4M | $254.4M | $267.2M | $212.7M |
| Net cash (debt) | $26.14B | −$305.0M | −$305.7M | −$275.8M | −$277.1M | −$284.3M | −$296.9M | −$245.3M | −$260.0M | −$205.2M |
| Working capital | $24.5M | $101.4M | $103.3M | $117.6M | $76.7M | $369,966 | −$11.1M | −$7.7M | $6.3M | $6.1M |
| Tangible book value | −$76.2M | −$62.1M | −$66.2M | −$59.9M | −$49.3M | −$41.5M | −$39.2M | −$35.4M | −$35.6M | −$34.2M |
| Book value per share | −$21.01 | −$17.45 | −$18.02 | −$16.61 | −$13.50 | −$11.35 | −$10.30 | −$9.36 | −$9.37 | −$9.04 |
| Shares outstanding | 3.5M | 3.5M | 3.6M | 3.6M | 3.7M | 3.7M | 3.7M | 3.8M | 3.8M | 3.8M |
| Current ratio | 4.71 | 29.34 | 37.19 | 4.71 | 3.81 | 1.01 | 0.54 | 0.65 | 2.02 | 1.93 |
| Quick ratio | 4,247.47 | 29.34 | 37.19 | 4.43 | 3.58 | 0.82 | 0.35 | 0.58 | 1.35 | 1.38 |
| Equity / assets | −14.5% | −15.7% | −16.8% | −15.3% | −13.8% | −14.2% | −12.9% | −14.3% | −15.6% | −18.0% |
| 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 | $24.75B | $25.56B | $26.67B | $13.4M | $16.7M | $88.9M | $101.2M | $101.2M | $98.3M | $98.2M | $102.9M | $99.4M |
| Cash & equivalents | $24.75B | $25.56B | $26.67B | $13.4M | $16.7M | $30.9M | $17.6M | $15.1M | $13.5M | $28.8M | $18.2M | $16.1M |
| Short-term investments | — | — | $0 | $0 | $0 | $58.0M | $83.6M | $86.1M | $84.8M | $69.4M | $84.7M | $83.3M |
| Receivables | $5.1M | $1.65B | $1.43B | $4.0M | $3.8M | $3.6M | $3.8M | $3.5M | $3.4M | $3.2M | $3.2M | $3.1M |
| Inventory | $0 | $0 | $2.6M | $3.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $6.8M | $8.8M |
| Total current assets | $29.9M | $27.21B | $31.2M | $17.4M | $20.5M | $92.5M | $105.0M | $104.7M | $101.7M | $101.4M | $112.9M | $111.3M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $283.0M | $0 | $0 | $0 | $270.3M | $269.8M | $272.3M |
| Goodwill & intangible assets | $260,000 | $1.5M | $2.7M | $3.9M | $5.1M | $322,000 | $334,000 | $347,000 | $383,000 | $530,000 | $1.5M | $1.1M |
| Long-term investments | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M |
| Other non-current assets | $462.4M | $470.09B | $470.1M | $470.1M | $467.7M | $8.0M | $286.7M | $280.9M | $280.2M | $7.5M | $0 | $0 |
| Total assets | $493.9M | $497.30B | $505.3M | $492.9M | $494.8M | $385.2M | $393.5M | $387.4M | $383.7M | $381.2M | $385.7M | $386.2M |
| Liabilities | ||||||||||||
| Accounts payable | $7.7M | $7.4M | $8.9M | $10.5M | $9.6M | $10.3M | $9.0M | $6.4M | $5.4M | $5.4M | $5.7M | $5.5M |
| Short-term debt | $6.6M | $6.6M | $6.6M | $74.1M | $70.7M | $22.1M | $3.6M | $3.4M | $3.2M | $3.0M | $2.9M | $3.3M |
| Deferred revenue | — | — | — | — | — | — | — | — | $10.4M | $9.9M | $26.7M | $9.6M |
| Total current liabilities | $6.6M | $6.6M | $6.6M | $74.1M | $70.7M | $22.1M | $3.6M | $3.4M | $3.2M | $3.0M | $18.6M | $18.5M |
| Long-term debt | $526.2M | $526.9M | $521.0M | $437.1M | $440.5M | $383.4M | $402.6M | $403.4M | $407.5M | $408.1M | $408.7M | $409.3M |
| Other long-term liabilities | $44.3M | $576.40B | $51.9M | $52.6M | $52.6M | $51.1M | $49.7M | $46.0M | $40.0M | $39.2M | $10.0M | $0 |
| Total liabilities | $577.1M | $576.93B | $579.5M | $563.9M | $563.7M | $456.6M | $455.9M | $452.8M | $450.7M | $450.2M | $451.1M | $450.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$82.7M | −$79.1M | −$73.7M | −$70.5M | −$68.5M | −$70.9M | −$62.2M | −$64.9M | −$66.7M | −$68.7M | −$64.9M | −$64.6M |
| Retained earnings (deficit) | — | — | −$73.7M | −$70.5M | −$68.5M | −$70.8M | −$62.0M | −$65.0M | — | — | — | — |
| Accumulated other comprehensive income | $293,810 | $235,446 | $210,742 | $188,737 | $215,048 | $279,072 | $408,963 | $142,655 | $410,935 | $378,411 | $236,377 | $560,278 |
| Total shareholders' equity | −$82.4M | −$78.8M | −$73.5M | −$70.3M | −$68.3M | −$70.7M | −$61.8M | −$64.8M | −$66.3M | −$68.3M | −$64.7M | −$64.0M |
| Key figures | ||||||||||||
| Total debt | $526.2M | $526.9M | $527.6M | $511.2M | $511.2M | $405.5M | $406.2M | $406.8M | $407.5M | $408.1M | $408.7M | $409.3M |
| Net cash (debt) | $24.22B | $25.03B | $26.14B | −$497.9M | −$494.5M | −$316.6M | −$305.0M | −$305.6M | −$309.2M | −$309.8M | −$305.7M | −$309.9M |
| Working capital | $23.3M | $27.20B | $24.5M | −$56.7M | −$50.2M | $70.5M | $101.4M | $101.3M | $98.5M | $98.4M | $94.4M | $92.8M |
| Tangible book value | −$82.6M | −$80.3M | −$76.2M | −$74.2M | −$73.4M | −$71.0M | −$62.1M | −$65.2M | −$66.7M | −$68.9M | −$66.2M | −$65.1M |
| Book value per share | −$23.43 | −$22.59 | −$21.06 | −$20.10 | −$19.52 | −$19.99 | −$17.66 | −$18.29 | −$18.87 | −$19.41 | −$18.30 | −$18.03 |
| Shares outstanding | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.5M | 3.6M |
| Current ratio | 4.52 | 4,116.59 | 4.71 | 0.23 | 0.29 | 4.19 | 29.34 | 30.79 | 31.81 | 33.67 | 6.08 | 6.02 |
| Quick ratio | 3,747.90 | 4,116.59 | 4,247.47 | 0.23 | 0.29 | 4.19 | 29.34 | 30.79 | 31.81 | 33.67 | 5.71 | 5.55 |
| Equity / assets | −16.7% | −0.0% | −14.5% | −14.3% | −13.8% | −18.3% | −15.7% | −16.7% | −17.3% | −17.9% | −16.8% | −16.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
NEN financial position
At the end of fiscal 2025 (December 31, 2025), New England Realty Associates had total assets of $505.3 million (up 28.4% from a year earlier), total liabilities of $579.5 million and shareholders' equity of -$73.5 million. It held $26.7 billion in cash and short-term investments against $527.6 million of debt, a net cash position of $26.1 billion. Its current ratio was 4.71. In the latest quarter (ended June 30, 2026) total assets were $493.9 million and equity -$82.4 million.
Related: NEN income statement, NEN cash flow statement, NEN key metrics. See the NEN stock overview for the latest quote and news.
NEN balance sheet FAQ
What are New England Realty Associates's total assets?
New England Realty Associates reported total assets of $505.3 million at the end of fiscal 2025 (December 31, 2025), compared with $393.5 million a year earlier.
How much debt does New England Realty Associates have?
New England Realty Associates had $527.6 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does New England Realty Associates have?
New England Realty Associates held $26.7 billion in cash and short-term investments at the end of fiscal 2025; with $527.6 million of debt that is net cash of $26.1 billion.
What is New England Realty Associates's book value?
New England Realty Associates's shareholders' equity (book value) was -$73.5 million at the end of fiscal 2025, or −$21.01 per share.
What is New England Realty Associates's current ratio?
New England Realty Associates had current assets of $31.2 million and current liabilities of $6.6 million, a current ratio of 4.71 (it can cover its short-term obligations).
How much goodwill does New England Realty Associates have?
New England Realty Associates carried $2.7 million of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2025.