NIP Group Inc. (NIPG) Balance Sheet
NIPG balance sheet, 2025
December 31, 2025 · U.S. dollars$202.4M assets = $109.5M liabilities + $92.9M equity
Both columns are drawn to the same scale: what NIPG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NIPG financial health
Descriptive bands, not a rating. Fiscal 2025.
NIPG balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.5M2020 | $202.4M2025 | +58.1%/yr | |
| Total liabilities | $6.6M2020 | $109.5M2025 | +75.6%/yr | |
| Shareholders’ equity | $13.9M2020 | $88.3M2025 | +44.7%/yr | |
| Cash & short-term investments | $5.1M2020 | $10.3M2025 | +15.4%/yr | |
| Total debt | $491,9542020 | $53.1M2025 | +155.1%/yr | |
| Net cash (debt) | $4.6M2020 | −$42.8M2025 | −$47.3M | |
| Working capital | −$121,8082020 | −$11.1M2025 | −$11.0M | |
| Book value per share | $186.922024 | $66.032025 | −64.7%/yr | |
| Current ratio | 0.982020 | 0.872025 | −0.11 | |
| Debt / equity | 0.042020 | 0.602025 | +0.57 | |
| Shares outstanding | 1.3M2024 | 1.3M2025 | +6.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NIPG assets
NIPG liabilities and equity
NIPG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NIPG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $10.3M | $12.6M | $7.6M | $9.6M | $11.4M | $5.1M |
| Cash & equivalents | $7.1M | $9.6M | $7.6M | $9.6M | $11.4M | $5.1M |
| Short-term investments | $3.2M | $3.0M | $531,165 | $406,961 | $813,091 | $12,762 |
| Receivables | $36.6M | $29.2M | $19.2M | $15.5M | $15.9M | $853,864 |
| Inventory | $170,826 | $135,585 | $165,510 | $480,290 | $44,967 | $22,610 |
| Other current assets | $30.4M | $2.6M | $2.4M | $7.2M | $1.6M | $511,921 |
| Total current assets | $77.5M | $44.4M | $29.4M | $32.8M | $29.0M | $6.4M |
| Property, plant & equipment (net) | $22.1M | $5.0M | $5.0M | $4.7M | $3.6M | $108,765 |
| Goodwill & intangible assets | $98.9M | $259.9M | $275.4M | $95.2M | $107.7M | $13.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.8M | $3.3M | $4.1M | $1.2M | $537,450 | $543,056 |
| Total assets | $202.4M | $312.6M | $313.8M | $133.9M | $140.8M | $20.5M |
| Liabilities | ||||||
| Accounts payable | $32.4M | $19.1M | $12.7M | $9.5M | $9.1M | $2.0M |
| Short-term debt | $46.5M | $14.7M | $6.3M | $6.8M | $14.2M | $491,954 |
| Deferred revenue | $1.6M | $1.0M | $500,785 | $208,685 | $3.4M | $8,209 |
| Total current liabilities | $88.6M | $40.3M | $28.8M | $28.5M | $33.4M | $6.6M |
| Long-term debt | $3.2M | $3.4M | $3.7M | $0 | $0 | $0 |
| Lease obligations | $3.9M | $1.9M | $2.1M | $1.9M | $0 | — |
| Other long-term liabilities | $17.6M | $29.4M | $28.6M | $16.0M | $18.9M | $20.8M |
| Total liabilities | $109.5M | $73.1M | $61.1M | $44.5M | $52.2M | $6.6M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $28,045 | $11,339 | $3,716 | $3,280 | $2,751 | $1,562 |
| Retained earnings (deficit) | −$366.5M | −$128.9M | −$80.3M | −$29.3M | −$14.7M | −$6.6M |
| Accumulated other comprehensive income | $24.9M | −$10.4M | $5.5M | $244,535 | $66,549 | −$279,300 |
| Minority interest | $4.6M | $4.9M | $5.0M | $5.0M | — | — |
| Total shareholders' equity | $88.3M | $234.5M | $247.7M | $84.5M | $82.2M | $13.9M |
| Key figures | ||||||
| Total debt | $53.1M | $19.1M | $11.4M | $14.1M | $15.6M | $491,954 |
| Net cash (debt) | −$42.8M | −$6.6M | −$3.8M | −$4.5M | −$4.2M | $4.6M |
| Working capital | −$11.1M | $4.1M | $575,566 | $4.3M | −$4.4M | −$121,808 |
| Tangible book value | −$10.6M | −$25.4M | −$27.6M | −$10.7M | −$25.5M | $530,013 |
| Book value per share | $66.03 | $186.92 | — | — | — | — |
| Shares outstanding | 1.3M | 1.3M | — | — | — | — |
| Current ratio | 0.87 | 1.10 | 1.02 | 1.15 | 0.87 | 0.98 |
| Quick ratio | 0.53 | 1.03 | 0.93 | 0.88 | 0.82 | 0.90 |
| Debt / equity | 0.60 | 0.08 | 0.05 | 0.17 | 0.19 | 0.04 |
| Equity / assets | 43.6% | 75.0% | 78.9% | 63.1% | 58.4% | 67.9% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $10.3M | $10.3M | $14.9M | $13.2M | $13.2M | $12.6M | $6.8M | $7.6M | $9.3M | $12.7M | $12.7M | $9.6M |
| Cash & equivalents | $7.1M | $7.1M | $7.1M | $10.2M | $10.2M | $9.6M | $6.8M | $7.6M | $9.3M | $12.1M | $12.1M | $9.6M |
| Short-term investments | $3.2M | $3.2M | $7.8M | $3.0M | $3.0M | $3.0M | — | $531,165 | $643,592 | $660,581 | $660,581 | $406,961 |
| Receivables | $36.6M | $36.3M | $36.6M | $29.4M | $28.6M | $28.4M | $20.9M | $19.2M | $12.6M | $11.3M | $11.3M | $15.5M |
| Inventory | $170,826 | $170,826 | $170,826 | $0 | $135,585 | $135,585 | $0 | $165,510 | $612,743 | $131,324 | $131,324 | $480,290 |
| Other current assets | $30.4M | $30.7M | $25.9M | $6.3M | $6.9M | $3.3M | $5.7M | $2.4M | $1.5M | $3.5M | $3.5M | $7.2M |
| Total current assets | $77.5M | $77.5M | $77.5M | $48.9M | $48.9M | $44.4M | $33.4M | $29.4M | $24.1M | $27.6M | $27.6M | $32.8M |
| Property, plant & equipment (net) | $22.1M | $22.1M | $22.1M | $4.5M | $4.5M | $5.0M | $4.4M | $5.0M | $5.1M | $5.1M | $5.1M | $4.7M |
| Goodwill & intangible assets | $98.9M | $98.9M | $97.3M | $161.1M | $161.1M | $259.9M | $261.4M | $275.4M | $267.4M | $269.0M | $269.0M | $95.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.8M | $3.8M | $5.4M | $3.0M | $3.0M | $3.3M | $6.2M | $4.1M | $4.0M | $692,910 | $692,910 | $1.2M |
| Total assets | $202.4M | $202.4M | $202.4M | $217.5M | $217.5M | $312.6M | $305.3M | $313.8M | $300.5M | $302.5M | $302.5M | $133.9M |
| Liabilities | ||||||||||||
| Accounts payable | $32.4M | $32.4M | $32.4M | $19.7M | $19.7M | $19.1M | $12.6M | $12.7M | $8.3M | $6.6M | $6.6M | $9.5M |
| Short-term debt | $46.5M | — | $46.6M | $20.3M | $20.3M | — | $11.8M | $6.3M | $6.4M | $6.0M | $6.0M | $6.8M |
| Deferred revenue | $1.6M | — | — | $1.5M | $1.0M | — | $333,972 | $500,785 | $302,750 | — | — | $208,685 |
| Total current liabilities | $88.6M | $88.6M | $88.6M | $53.6M | $53.6M | $40.3M | $37.8M | $28.8M | $23.2M | $20.9M | $20.9M | $28.5M |
| Long-term debt | $0 | $3.2M | $0 | $1.0M | $0 | $3.4M | $3.5M | $3.7M | $3.7M | $0 | $0 | $0 |
| Lease obligations | — | $3.9M | — | $1.6M | — | $1.9M | $1.9M | $2.1M | $2.2M | — | — | $1.9M |
| Other long-term liabilities | $20.8M | $17.6M | $18.5M | $28.8M | $27.2M | $29.4M | $382.7M | $28.6M | $28.2M | $33.2M | $33.2M | $16.0M |
| Total liabilities | $109.5M | $109.5M | $107.2M | $83.4M | $80.8M | $73.1M | $424.0M | $61.1M | $55.1M | $54.2M | $54.2M | $44.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $28,045 | — | $28,045 | $11,673 | $11,673 | — | $3,716 | $3,716 | $3,716 | $3,716 | $3,716 | $3,280 |
| Retained earnings (deficit) | −$366.5M | −$366.5M | −$366.3M | −$264.9M | −$264.8M | −$128.9M | −$120.9M | −$80.3M | −$49.2M | −$46.9M | −$46.9M | −$29.3M |
| Accumulated other comprehensive income | $24.9M | — | $24.7M | $16.9M | $16.8M | — | −$2.7M | $5.5M | $906,432 | $1.5M | $1.5M | $244,535 |
| Minority interest | — | $4.6M | — | $5.7M | — | $4.9M | — | — | — | — | — | — |
| Total shareholders' equity | $88.3M | $88.3M | $88.3M | $128.3M | $128.3M | $234.5M | −$123.6M | $247.7M | $240.6M | $243.4M | $243.4M | $84.5M |
| Key figures | ||||||||||||
| Total debt | $53.1M | $3.2M | $51.0M | $22.3M | $22.3M | $3.4M | $16.5M | $11.4M | $11.7M | $11.7M | $11.7M | $14.1M |
| Net cash (debt) | −$42.8M | $7.2M | −$36.1M | −$9.0M | −$9.0M | $9.2M | −$9.8M | −$3.8M | −$2.4M | $1.0M | $1.0M | −$4.5M |
| Working capital | −$11.1M | −$11.1M | −$11.1M | −$4.7M | −$4.7M | $4.1M | −$4.4M | $575,566 | $869,534 | $6.7M | $6.7M | $4.3M |
| Tangible book value | −$10.6M | −$10.6M | −$9.0M | −$32.8M | −$32.8M | −$25.4M | −$385.0M | −$27.6M | −$26.8M | −$25.6M | −$25.6M | −$10.7M |
| Book value per share | $20.04 | — | $20.04 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 4.4M | — | 4.4M | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.87 | 0.87 | 0.87 | 0.91 | 0.91 | 1.10 | 0.88 | 1.02 | 1.04 | 1.32 | 1.32 | 1.15 |
| Quick ratio | 0.53 | 0.53 | 0.58 | 0.80 | 0.78 | 1.01 | 0.73 | 0.93 | 0.94 | 1.15 | 1.15 | 0.88 |
| Debt / equity | 0.60 | 0.04 | 0.58 | 0.17 | 0.17 | 0.01 | — | 0.05 | 0.05 | 0.05 | 0.05 | 0.17 |
| Equity / assets | 43.6% | 43.6% | 43.6% | 59.0% | 59.0% | 75.0% | −40.5% | 78.9% | 80.0% | 80.5% | 80.5% | 63.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 30, 2026); data from EODHD.
NIPG financial position
At the end of fiscal 2025 (December 31, 2025), NIP Group Inc. had total assets of $202.4 million (down 35.3% from a year earlier), total liabilities of $109.5 million and shareholders' equity of $88.3 million. It held $10.3 million in cash and short-term investments against $53.1 million of debt, net debt of $42.8 million. Its current ratio was 0.87. In the latest quarter (ended March 31, 2026) total assets were $202.4 million and equity $88.3 million.
Related: NIPG income statement, NIPG cash flow statement, NIPG key metrics. See the NIPG stock overview for the latest quote and news.
NIPG balance sheet FAQ
What are NIP Group Inc.'s total assets?
NIP Group Inc. reported total assets of $202.4 million at the end of fiscal 2025 (December 31, 2025), compared with $312.6 million a year earlier.
How much debt does NIP Group Inc. have?
NIP Group Inc. had $53.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.60.
How much cash does NIP Group Inc. have?
NIP Group Inc. held $10.3 million in cash and short-term investments at the end of fiscal 2025; with $53.1 million of debt that is net debt of $42.8 million.
What is NIP Group Inc.'s book value?
NIP Group Inc.'s shareholders' equity (book value) was $88.3 million at the end of fiscal 2025, or $66.03 per share.
What is NIP Group Inc.'s current ratio?
NIP Group Inc. had current assets of $77.5 million and current liabilities of $88.6 million, a current ratio of 0.87 (current liabilities exceed current assets).
How much goodwill does NIP Group Inc. have?
NIP Group Inc. carried $98.9 million of goodwill and intangible assets, 48.9% of total assets, at the end of fiscal 2025.