Neostellar Capital Corp. (NSLR) Balance Sheet
NSLR balance sheet, 2025
December 31, 2025 · U.S. dollars$276.0M assets = $70.7M liabilities + $205.3M equity
Both columns are drawn to the same scale: what NSLR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NSLR financial health
Descriptive bands, not a rating. Fiscal 2025.
NSLR balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $284.4M2022 | $276.0M2025 | −1.0%/yr | |
| Total liabilities | $74.4M2022 | $70.7M2025 | −1.7%/yr | |
| Shareholders’ equity | $210.0M2022 | $205.3M2025 | −0.8%/yr | |
| Cash & short-term investments | $40.1M2022 | $49.0M2025 | +6.9%/yr | |
| Book value per share | $7.392022 | $7.132025 | −1.2%/yr | |
| Shares outstanding | 28.4M2022 | 28.8M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NSLR assets
NSLR liabilities and equity
NSLR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NSLR balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $49.0M | $20.0M | $28.2M | $40.1M |
| Cash & equivalents | $49.0M | $20.0M | $28.2M | $40.1M |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $0 | — | — | — |
| Total current assets | $49.0M | — | — | — |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $225.5M | $209.4M | $247.9M | $242.2M |
| Other non-current assets | $1.5M | $22.2M | $29.7M | $42.2M |
| Total assets | $276.0M | $231.6M | $277.6M | $284.4M |
| Liabilities | ||||
| Accounts payable | $928,813 | $777,261 | $498,831 | $1.0M |
| Total current liabilities | $928,813 | — | — | — |
| Long-term debt | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $69.8M | — | — | — |
| Total liabilities | $70.7M | $74.0M | $74.2M | $74.4M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $253,778 | — | — | — |
| Retained earnings (deficit) | −$4.0M | −$4.3M | −$4.3M | −$64.8M |
| Total shareholders' equity | $205.3M | $157.6M | $203.4M | $210.0M |
| Key figures | ||||
| Total debt | $69.8M | — | — | — |
| Net cash (debt) | −$20.7M | — | — | — |
| Working capital | $48.1M | — | — | — |
| Tangible book value | $205.3M | $157.6M | $203.4M | $210.0M |
| Book value per share | $7.13 | $6.68 | $7.99 | $7.39 |
| Shares outstanding | 28.8M | 23.6M | 25.4M | 28.4M |
| Current ratio | 52.79 | — | — | — |
| Quick ratio | 52.79 | — | — | — |
| Debt / equity | 0.34 | — | — | — |
| Equity / assets | 74.4% | 68.0% | 73.3% | 73.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $12.9M | $43.3M | $49.0M | $54.5M | $49.9M | $16.2M |
| Cash & equivalents | $12.9M | $43.3M | $49.0M | $54.5M | $49.9M | $16.2M |
| Receivables | $133.86B | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | — | — |
| Total current assets | $12.9M | $43.3M | $49.0M | $54.5M | — | — |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $405.9M | $388.5M | $225.5M | $252.2M | $243.8M | $213.6M |
| Other non-current assets | $1.3M | $1.4M | $1.5M | $1.6M | $51.3M | $18.1M |
| Total assets | $420.1M | $433.3M | $276.0M | $308.3M | $295.1M | $231.7M |
| Liabilities | ||||||
| Accounts payable | $2.1M | $1.8M | $928,813 | $3.0M | $2.3M | $1.6M |
| Short-term debt | $26.42T | — | — | — | — | — |
| Total current liabilities | $2.1M | $1.8M | $928,813 | $3.0M | — | — |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $62.2M | $69.9M | $69.8M | $73.5M | — | — |
| Total liabilities | $64.3M | $71.7M | $70.7M | $76.5M | $75.6M | $74.9M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $264,732 | $253,874 | $253,778 | $251,191 | — | — |
| Retained earnings (deficit) | −$18.5M | −$7.9M | −$4.0M | −$15.1M | −$11.7M | −$8.0M |
| Total shareholders' equity | $355.9M | $361.6M | $205.3M | $231.8M | $219.4M | $156.8M |
| Key figures | ||||||
| Total debt | $62.2M | $69.9M | $69.8M | $73.5M | — | — |
| Net cash (debt) | −$49.2M | −$26.6M | −$20.7M | −$18.9M | — | — |
| Working capital | $10.8M | $41.5M | $48.1M | $51.5M | — | — |
| Tangible book value | $355.9M | $361.6M | $205.3M | $231.8M | $219.4M | $156.8M |
| Book value per share | $13.70 | $11.99 | $8.09 | $8.00 | $9.18 | $6.66 |
| Shares outstanding | 26.0M | 30.2M | 25.4M | 29.0M | 23.9M | 23.6M |
| Current ratio | 6.13 | 23.60 | 52.79 | 17.96 | — | — |
| Quick ratio | 63,445.58 | 23.60 | 52.79 | 17.96 | — | — |
| Debt / equity | 0.17 | 0.19 | 0.34 | 0.32 | — | — |
| Equity / assets | 84.7% | 83.4% | 74.4% | 75.2% | 74.4% | 67.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
NSLR financial position
At the end of fiscal 2025 (December 31, 2025), Neostellar Capital had total assets of $276.0 million (up 19.2% from a year earlier), total liabilities of $70.7 million and shareholders' equity of $205.3 million. It held $49.0 million in cash and short-term investments against $69.8 million of debt, net debt of $20.7 million. Its current ratio was 52.79. In the latest quarter (ended June 30, 2026) total assets were $420.1 million and equity $355.9 million.
Related: NSLR income statement, NSLR cash flow statement, NSLR key metrics. See the NSLR stock overview for the latest quote and news.
NSLR balance sheet FAQ
What are Neostellar Capital's total assets?
Neostellar Capital reported total assets of $276.0 million at the end of fiscal 2025 (December 31, 2025), compared with $231.6 million a year earlier.
How much debt does Neostellar Capital have?
Neostellar Capital had $69.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.34.
How much cash does Neostellar Capital have?
Neostellar Capital held $49.0 million in cash and short-term investments at the end of fiscal 2025; with $69.8 million of debt that is net debt of $20.7 million.
What is Neostellar Capital's book value?
Neostellar Capital's shareholders' equity (book value) was $205.3 million at the end of fiscal 2025, or $7.13 per share.
What is Neostellar Capital's current ratio?
Neostellar Capital had current assets of $49.0 million and current liabilities of $0.9 million, a current ratio of 52.79 (it can cover its short-term obligations).