NVE Corporation (NVEC) Balance Sheet
NVEC balance sheet, FY2026
March 31, 2026 · U.S. dollars$60.9M assets = $2.6M liabilities + $58.2M equity
Both columns are drawn to the same scale: what NVEC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NVEC financial health
Debt / equity0.02
Low leverage · $0.02 of debt for each $1 of equity
Equity / assets95.7%
Equity-funded · of assets funded by shareholders
Cash / debt2,190.9%
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.
NVEC balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $93.8MFY2017 | $60.9MFY2026 | −4.7%/yr | |
| Total liabilities | $1.1MFY2017 | $2.6MFY2026 | +10.2%/yr | |
| Shareholders’ equity | $92.7MFY2017 | $58.2MFY2026 | −5.0%/yr | |
| Cash & short-term investments | $27.8MFY2017 | $19.8MFY2026 | −3.7%/yr | |
| Total debt | $833,734FY2020 | $905,539FY2026 | +1.4%/yr | |
| Net cash (debt) | $26.3MFY2020 | $18.9MFY2026 | −$7.4M | |
| Working capital | $34.1MFY2017 | $31.0MFY2026 | −$3.0M | |
| Book value per share | $19.16FY2017 | $12.04FY2026 | −5.0%/yr | |
| Debt / equity | 0.01FY2020 | 0.02FY2026 | 0.00 | |
| Shares outstanding | 4.8MFY2017 | 4.8MFY2026 | +0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NVEC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
NVEC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
NVEC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NVEC balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $19.8M | $21.7M | $22.2M | $17.2M | $31.3M | $18.1M | $27.2M | $19.4M | $25.5M | $27.8M |
| Cash & equivalents | $1.7M | $8.0M | $10.3M | $1.7M | $10.4M | $10.4M | $8.1M | $6.9M | $4.8M | $8.2M |
| Short-term investments | $18.1M | $13.7M | $11.9M | $15.5M | $20.8M | $7.7M | $19.1M | $12.5M | $20.8M | $19.6M |
| Receivables | $3.9M | $3.6M | $3.1M | $6.5M | $4.7M | $2.0M | $2.7M | $3.0M | $2.9M | $3.4M |
| Inventory | $7.1M | $7.4M | $7.2M | $6.4M | $5.1M | $3.9M | $3.9M | $4.3M | $3.7M | $3.4M |
| Other current assets | $1.4M | $433,414 | $689,349 | $663,459 | $420,520 | $391,278 | $655,835 | $816,045 | $635,160 | $607,283 |
| Total current assets | $32.2M | $33.2M | $33.2M | $30.8M | $41.5M | $24.4M | $34.4M | $27.4M | $32.7M | $35.2M |
| Property, plant & equipment (net) | $4.5M | $2.9M | $1.3M | $1.8M | $1.2M | $1.0M | $1.4M | $894,835 | $1.3M | $1.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $6.5M | $4.7M | $0 | $2.7M | $3.0M | $0 | $0 |
| Long-term investments | $23.7M | $26.3M | $30.8M | $36.1M | $24.3M | $47.0M | $43.6M | $54.9M | $52.8M | $56.8M |
| Other non-current assets | $485,829 | $1.9M | $1.5M | $0 | $0 | $73,539 | $0 | $0 | $572,655 | $357,055 |
| Total assets | $60.9M | $64.3M | $66.8M | $69.3M | $67.5M | $72.5M | $79.5M | $83.6M | $87.4M | $93.8M |
| Liabilities | ||||||||||
| Accounts payable | $278,599 | $214,691 | $127,153 | $281,712 | $943,535 | $336,591 | $186,993 | $375,188 | $414,970 | $376,275 |
| Short-term debt | $165,116 | $83,010 | $179,372 | $175,798 | $156,121 | $150,273 | $127,134 | — | — | — |
| Deferred revenue | — | — | $1 | — | — | — | — | — | — | $142,733 |
| Total current liabilities | $1.1M | $1.2M | $1.0M | $1.8M | $2.5M | $1.0M | $796,201 | $835,676 | $989,725 | $1.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $905,539 | $921,231 | $355,147 | $518,706 | $602,139 | $731,732 | $833,734 | — | — | — |
| Other long-term liabilities | $1.5M | $838,221 | $175,775 | $342,908 | $446,018 | $581,459 | $706,600 | $375,188 | $414,970 | $519,008 |
| Total liabilities | $2.6M | $2.0M | $1.2M | $2.2M | $2.9M | $1.6M | $1.5M | $835,676 | $989,725 | $1.1M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $48,372 | $48,372 | $48,337 | $48,308 | $48,308 | $48,332 | $48,350 | $48,460 | $19.6M | $48,410 |
| Retained earnings (deficit) | $38.3M | $42.5M | $46.7M | $48.9M | $45.6M | $50.4M | $58.0M | $62.9M | $67.7M | $73.2M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | −$32,009 | −$68,544 | −$777,636 | −$1.2M | −$318,120 | $1.1M | $516,523 | −$82,725 | −$915,635 | −$38,298 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $58.2M | $62.3M | $65.6M | $67.1M | $64.6M | $70.9M | $78.0M | $82.8M | $86.4M | $92.7M |
| Key figures | ||||||||||
| Total debt | $905,539 | $921,231 | $355,147 | $518,706 | $602,139 | $731,732 | $833,734 | — | — | — |
| Net cash (debt) | $18.9M | $20.8M | $21.8M | $16.7M | $30.7M | $17.4M | $26.3M | — | — | — |
| Working capital | $31.0M | $32.0M | $32.2M | $29.0M | $39.0M | $23.3M | $33.6M | $26.6M | $31.7M | $34.1M |
| Tangible book value | $58.2M | $62.3M | $65.6M | $60.6M | $59.9M | $70.9M | $75.3M | $79.8M | $86.4M | $92.7M |
| Book value per share | $12.04 | $12.87 | $13.55 | $13.88 | $13.35 | $14.66 | $16.09 | $17.07 | $17.84 | $19.16 |
| Shares outstanding | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.9M | 4.8M | 4.8M |
| Current ratio | 28.21 | 28.40 | 32.05 | 16.80 | 16.90 | 23.71 | 43.19 | 32.84 | 33.03 | 32.13 |
| Quick ratio | 20.77 | 21.66 | 24.47 | 12.93 | 14.65 | 19.54 | 37.48 | 26.76 | 28.70 | 28.51 |
| Debt / equity | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | — | — | — |
| Equity / assets | 95.7% | 96.9% | 98.2% | 96.9% | 95.7% | 97.8% | 98.1% | 99.0% | 98.9% | 98.8% |
| 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 | $21.8M | $19.8M | $20.6M | $17.7M | $15.8M | $21.7M | $20.4M | $22.9M | $21.7M | $22.2M | $19.0M | $14.2M |
| Cash & equivalents | $2.9M | $1.7M | $3.4M | $5.1M | $3.2M | $8.0M | $5.5M | $3.1M | $6.0M | $10.3M | $4.7M | $7.0M |
| Short-term investments | $18.9M | $18.1M | $17.2M | $12.6M | $12.6M | $13.7M | $14.9M | $19.8M | $15.7M | $11.9M | $14.3M | $7.2M |
| Receivables | $7.0M | $3.9M | $2.9M | $2.4M | $2.3M | $3.6M | $1.4M | $3.0M | $2.1M | $3.1M | $2.2M | $2.9M |
| Inventory | $6.7M | $7.1M | $7.3M | $7.4M | $7.5M | $7.4M | $7.8M | $7.4M | $7.2M | $7.2M | $7.3M | $7.0M |
| Other current assets | $232,389 | $1.4M | $373,819 | $1.2M | $630,171 | $433,414 | $736,481 | $533,233 | $515,383 | $689,349 | $597,305 | $1.1M |
| Total current assets | $35.7M | $32.2M | $31.1M | $28.8M | $26.2M | $33.2M | $30.3M | $33.8M | $31.5M | $33.2M | $29.2M | $25.1M |
| Property, plant & equipment (net) | $4.3M | $4.5M | $4.7M | $3.8M | $3.8M | $2.9M | $2.9M | $2.2M | $2.2M | $1.3M | $1.5M | $1.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.9M |
| Long-term investments | $22.1M | $23.7M | $23.4M | $27.8M | $31.7M | $26.3M | $29.7M | $28.3M | $31.5M | $30.8M | $35.7M | $39.6M |
| Other non-current assets | $0 | $485,829 | $722,602 | $1.1M | $1.8M | $1.9M | $1.7M | $1.5M | $1.6M | $1.5M | $1.3M | $0 |
| Total assets | $62.1M | $60.9M | $60.0M | $61.5M | $63.6M | $64.3M | $64.6M | $65.9M | $66.7M | $66.8M | $67.6M | $67.7M |
| Liabilities | ||||||||||||
| Accounts payable | $265,953 | $278,599 | $226,856 | $229,526 | $177,214 | $214,691 | $154,683 | $170,077 | $174,243 | $127,153 | $170,701 | $244,236 |
| Short-term debt | $201,008 | $165,116 | $160,413 | $155,800 | $53,817 | $83,010 | $84,838 | $181,159 | $180,262 | $179,372 | $178,490 | $177,585 |
| Deferred revenue | — | — | — | — | — | — | — | — | — | $1 | — | −$177,585 |
| Total current liabilities | $1.5M | $1.1M | $891,979 | $970,721 | $1.6M | $1.2M | $751,110 | $931,510 | $1.7M | $1.0M | $809,605 | $961,273 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $905,825 | $905,539 | $934,409 | $962,342 | $892,298 | $921,231 | $949,804 | $269,810 | $312,650 | $355,147 | $397,275 | $438,094 |
| Other long-term liabilities | $833,034 | $1.5M | $773,996 | $806,542 | $838,481 | $838,221 | $864,966 | $88,651 | $132,388 | $175,775 | $218,785 | $260,509 |
| Total liabilities | $2.3M | $2.6M | $1.7M | $1.8M | $2.5M | $2.0M | $1.6M | $1.0M | $1.8M | $1.2M | $1.0M | $1.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $48,372 | $48,372 | $48,372 | $48,372 | $48,372 | $48,372 | $48,372 | $48,340 | $48,337 | $48,337 | $48,334 | $48,334 |
| Retained earnings (deficit) | $39.9M | $38.3M | $38.2M | $39.7M | $41.2M | $42.5M | $43.4M | $45.2M | $46.0M | $46.7M | $47.8M | $48.4M |
| Accumulated other comprehensive income | −$72,793 | −$32,009 | $116,569 | $90,166 | $6,818 | −$68,544 | −$295,358 | −$68,510 | −$748,927 | −$777,636 | −$753,317 | −$1.5M |
| Total shareholders' equity | $59.8M | $58.2M | $58.3M | $59.7M | $61.1M | $62.3M | $63.0M | $64.9M | $64.9M | $65.6M | $66.6M | $66.5M |
| Key figures | ||||||||||||
| Total debt | $905,825 | $905,539 | $1.7M | $962,342 | $892,298 | $921,231 | $949,804 | $269,810 | $312,650 | $355,147 | $397,275 | $438,094 |
| Net cash (debt) | $20.9M | $18.9M | $18.9M | $16.8M | $14.9M | $20.8M | $19.4M | $22.7M | $21.4M | $21.8M | $18.6M | $13.7M |
| Working capital | $34.2M | $31.0M | $30.2M | $27.8M | $24.5M | $32.0M | $29.5M | $32.9M | $29.8M | $32.2M | $28.4M | $24.2M |
| Tangible book value | $59.8M | $58.2M | $58.3M | $59.7M | $61.1M | $62.3M | $63.0M | $64.9M | $64.9M | $65.6M | $66.6M | $63.6M |
| Book value per share | $12.34 | $12.04 | $12.05 | $12.34 | $12.62 | $12.87 | $13.01 | $13.40 | $13.41 | $13.55 | $13.77 | $13.74 |
| Shares outstanding | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M |
| Current ratio | 23.72 | 28.21 | 34.84 | 29.64 | 16.10 | 28.40 | 40.30 | 36.32 | 18.58 | 32.05 | 36.08 | 26.14 |
| Quick ratio | 19.13 | 20.77 | 26.27 | 20.80 | 11.13 | 21.66 | 28.95 | 27.79 | 14.04 | 24.47 | 26.27 | 17.78 |
| Debt / equity | 0.02 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 96.2% | 95.7% | 97.2% | 97.1% | 96.1% | 96.9% | 97.5% | 98.5% | 97.3% | 98.2% | 98.5% | 98.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 6, 2026); data from EODHD.
NVEC financial position
At the end of fiscal 2026 (March 31, 2026), NVE had total assets of $60.9 million (down 5.3% from a year earlier), total liabilities of $2.6 million and shareholders' equity of $58.2 million. It held $19.8 million in cash and short-term investments against $0.9 million of debt, a net cash position of $18.9 million. Its current ratio was 28.21. In the latest quarter (ended June 30, 2026) total assets were $62.1 million and equity $59.8 million.
Related: NVEC income statement, NVEC cash flow statement, NVEC key metrics. See the NVEC stock overview for the latest quote and news.
NVEC balance sheet FAQ
What are NVE's total assets?
NVE reported total assets of $60.9 million at the end of fiscal 2026 (March 31, 2026), compared with $64.3 million a year earlier.
How much debt does NVE have?
NVE had $0.9 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 NVE have?
NVE held $19.8 million in cash and short-term investments at the end of fiscal 2026; with $0.9 million of debt that is net cash of $18.9 million.
What is NVE's book value?
NVE's shareholders' equity (book value) was $58.2 million at the end of fiscal 2026, or $12.04 per share.
What is NVE's current ratio?
NVE had current assets of $32.2 million and current liabilities of $1.1 million, a current ratio of 28.21 (it can cover its short-term obligations).