Nexus Advanced Technologies Inc. (NXAT) Balance Sheet

NASDAQ: NXATAssets, liabilities, debt and equity over 4 years.

NXAT balance sheet, 2025

December 31, 2025 · South Korean won

₩86.8M assets = ₩101.7M liabilities + −₩14.9M equity

Liabilities exceed assets: shareholders’ equity is negative (−₩14.9M).

Both columns are drawn to the same scale: what NXAT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

NXAT financial health

Current ratio0.24

Tight · current assets cover current liabilities 0.24×

Equity / assets−17.0%

Thin equity · of assets funded by shareholders

Cash / debt17.0%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles61.9%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

NXAT balance sheet trends, 2022–2025

Nexus Advanced Technologies Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	₩96.3M2022	₩86.8M2025	−3.4%/yr
Total liabilities	₩3.8M2022	₩101.7M2025	+198.5%/yr
Shareholders’ equity	₩92.5M2022	−₩14.7M2025	—
Cash & short-term investments	₩877,5602022	₩6.2M2025	+91.6%/yr
Total debt	₩167,8262023	₩36.3M2025	+1,370.4%/yr
Net cash (debt)	₩3.4M2023	−₩30.1M2025	−₩33.5M
Working capital	₩505,4592022	−₩56.8M2025	−₩57.3M
Current ratio	1.842022	0.242025	−1.60
Shares outstanding	404K2022	2.1M2025	+71.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NXAT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

NXAT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

NXAT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

NXAT balance sheet in South Korean won

Nexus Advanced Technologies Inc. annual balance sheet
	2025	2024	2023	2022
Assets
Cash & short-term investments	₩6.2M	₩3.1M	₩3.5M	₩877,560
Cash & equivalents	₩5.7M	₩2.8M	₩2.5M	₩877,560
Short-term investments	₩522,102	₩463.5M	₩1.0M	—
Receivables	₩6.6M	₩912,323	₩70,906	₩0
Inventory	₩1.1M	₩818.3M	₩0	₩0
Other current assets	₩4.2M	₩0	₩1.6M	₩231,528
Total current assets	₩18.1M	₩3.9M	₩5.2M	₩1.1M
Property, plant & equipment (net)	₩4.9M	₩64,593	₩201,424	₩0
Goodwill & intangible assets	₩53.7M	₩5.3M	₩0	₩0
Long-term investments	₩7.06B	₩2.86B	₩2.06B	₩0
Other non-current assets	₩0	₩0	₩0	₩95.2M
Total assets	₩86.8M	₩8.5M	₩8.8M	₩96.3M
Liabilities
Accounts payable	₩4.0M	₩5.9M	₩311,545	—
Short-term debt	₩30.2M	₩1.0M	₩115,741	—
Deferred revenue	₩864,014	—	—	—
Total current liabilities	₩74.8M	₩6.9M	₩2.7M	₩603,629
Long-term debt	₩2.61B	₩3.93B	₩0	₩0
Lease obligations	₩7.97B	₩11.09B	₩216.3M	—
Other long-term liabilities	₩0	₩0	₩98,776	₩3.2M
Total liabilities	₩101.7M	₩10.0M	₩2.8M	₩3.8M
Shareholders' equity
Common stock & paid-in capital	₩6,263	₩1,000	₩1,000	₩94.8M
Retained earnings (deficit)	−₩117.2M	−₩21.8M	−₩8.9M	−₩2.3M
Accumulated other comprehensive income	−₩39.7M	−₩251,000	₩72,041	—
Minority interest	−₩293.5M	−₩590.8M	—	—
Total shareholders' equity	−₩14.7M	−₩1.5M	₩6.0M	₩92.5M
Key figures
Total debt	₩36.3M	₩3.7M	₩167,826	—
Net cash (debt)	−₩30.1M	−₩565,714	₩3.4M	—
Working capital	−₩56.8M	−₩3.0M	₩2.5M	₩505,459
Tangible book value	−₩68.4M	−₩6.8M	₩6.0M	₩92.5M
Shares outstanding	2.1M	2.1M	2.1M	404K
Current ratio	0.24	0.56	1.95	1.84
Quick ratio	0.17	0.58	1.35	1.45
Debt / equity	—	—	0.03	—
Equity / assets	−17.0%	−17.8%	68.5%	96.0%

Nexus Advanced Technologies Inc. quarterly balance sheet
	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23
Assets
Cash & short-term investments	₩6.2M	₩5,203	₩6.0M	₩9.72B	₩6.5M	₩3.1M	₩1.1M	₩1.4M	₩641,308	₩3.5M	₩5.1M	₩301,966
Cash & equivalents	₩5.7M	₩4,669	₩6.0M	₩8.72B	₩5.9M	₩2.8M	₩166,262	₩1.4M	₩641,308	₩2.5M	₩4.1M	₩301,966
Short-term investments	₩522,102	₩533	—	₩996.5M	₩601,607	₩311,951	₩945,946	—	—	₩1.0M	₩1.0M	—
Receivables	₩6.6M	₩4,820	₩3.9M	₩5.68B	₩4.4M	₩912,323	₩13,940	₩0	₩0	₩70,906	₩1.5M	₩0
Inventory	₩1.1M	₩1,097	₩1.1M	₩2.05B	₩1.4M	₩818.3M	₩0	₩0	₩0	₩0	₩0	₩0
Other current assets	₩4.2M	₩2,535	₩7.7M	₩8.06B	₩5.0M	₩0	₩2.6M	₩49,818	₩65,750	₩1.6M	₩1.3M	₩194,356
Total current assets	₩18.1M	₩13,655	₩18.7M	₩25.51B	₩17.3M	₩3.9M	₩3.7M	₩1.4M	₩707,058	₩5.2M	₩7.9M	₩496,322
Property, plant & equipment (net)	₩4.9M	₩4,855	₩5.0M	₩9.07B	₩6.2M	₩64,593	₩104,726	₩0	₩0	₩201,424	₩219,411	₩0
Goodwill & intangible assets	₩53.7M	₩100,592	₩55.4M	₩187.94B	₩127.6M	₩5.3M	₩0	₩0	₩0	₩0	₩0	₩0
Long-term investments	₩0	₩7.06B	₩0	₩6.16B	₩0	₩2.86B	₩0	₩0	₩0	₩0	₩0	₩0
Other non-current assets	₩10.1M	₩0	₩10.5M	₩7.93B	₩9.6M	₩0	₩5.0M	₩12.7M	₩56.8M	₩3.4M	₩3.3M	₩97.1M
Total assets	₩86.8M	₩126,644	₩89.6M	₩236.61B	₩160.6M	₩8.5M	₩8.8M	₩14.1M	₩57.5M	₩8.8M	₩11.4M	₩97.6M
Liabilities
Accounts payable	₩4.0M	₩30,460	₩4.1M	₩56.91B	₩38.6M	₩5.9M	₩2.7M	—	—	₩311,545	₩765,273	—
Short-term debt	₩30.2M	₩9,814	₩31.1M	—	₩12.4M	₩1.0M	₩613,161	₩2.3M	₩1.6M	₩115,741	₩109,315	—
Deferred revenue	₩864,014	₩2,580	—	—	—	—	—	—	—	—	—	—
Total current liabilities	₩74.8M	₩47,191	₩77.3M	₩88.17B	₩59.8M	₩6.9M	₩7.3M	₩5.8M	₩4.1M	₩2.7M	₩1.9M	₩946,984
Long-term debt	₩0	₩2.61B	₩0	₩0	₩0	₩3.93B	₩0	₩0	₩0	₩0	₩0	₩0
Lease obligations	—	₩7.97B	—	₩8.99B	—	₩11.09B	—	—	—	—	—	—
Other long-term liabilities	₩26.8M	₩0	₩27.7M	₩14.84B	₩10.1M	₩0	₩1.1M	₩3.2M	₩3.2M	₩98,776	₩77,197	₩3.2M
Total liabilities	₩101.7M	₩55,134	₩105.0M	₩103.01B	₩69.9M	₩10.0M	₩8.4M	₩9.0M	₩7.3M	₩2.8M	₩1.9M	₩4.2M
Shareholders' equity
Common stock & paid-in capital	₩6,263	₩5	₩6,466	—	₩6,060	₩1,000	₩1,000	₩12.7M	₩56.5M	₩1,000	₩1,000	₩96.4M
Retained earnings (deficit)	−₩117.2M	−₩1,813	−₩158.8M	−₩3.39B	−₩41.3M	−₩21.8M	−₩19.4M	−₩7.6M	−₩6.3M	−₩8.9M	−₩5.3M	−₩3.0M
Accumulated other comprehensive income	−₩39.7M	−₩37,211	−₩3.2M	—	−₩8.2M	−₩251,000	−₩63,933	—	—	₩72,041	−₩89,561	—
Minority interest	—	−₩293.5M	—	₩1.16B	—	−₩590.8M	—	—	—	—	—	—
Total shareholders' equity	−₩14.7M	₩70,891	−₩15.2M	₩132.45B	₩89.9M	−₩1.5M	₩418,747	₩5.1M	₩50.2M	₩6.0M	₩9.5M	₩93.4M
Key figures
Total debt	₩36.3M	₩13,631	₩37.5M	—	₩17.3M	₩3.7M	₩1.6M	₩2.3M	₩1.6M	₩167,826	₩186,512	—
Net cash (debt)	−₩30.1M	−₩8,428	−₩31.5M	—	−₩10.8M	−₩565,714	−₩514,000	−₩957,475	−₩944,692	₩3.4M	₩4.9M	—
Working capital	−₩56.8M	−₩33,536	−₩58.6M	−₩62.66B	−₩42.5M	−₩3.0M	−₩3.5M	−₩4.4M	−₩3.4M	₩2.5M	₩6.1M	−₩450,662
Tangible book value	−₩68.4M	−₩29,701	−₩70.6M	−₩55.49B	−₩37.7M	−₩6.8M	₩418,747	₩5.1M	₩50.2M	₩6.0M	₩9.5M	₩93.4M
Shares outstanding	—	2.0M	2.1M	63.2M	103K	2.1M	135K	241K	293K	—	269K	404K
Current ratio	0.24	0.29	0.24	0.29	0.29	0.56	0.51	0.24	0.17	1.95	4.25	0.52
Quick ratio	0.17	0.21	0.13	0.17	0.18	0.58	0.16	0.23	0.16	1.35	3.56	0.32
Debt / equity	—	0.19	—	—	0.19	—	3.88	0.46	0.03	0.03	0.02	—
Equity / assets	−17.0%	56.0%	−17.0%	56.0%	56.0%	−17.8%	4.8%	35.9%	87.3%	68.5%	83.0%	95.7%

Quarterly columns are labeled by the month the quarter ended. Figures in South Korean won as reported (latest annual report filed May 15, 2026); data from EODHD.

NXAT financial position

At the end of fiscal 2025 (December 31, 2025), Nexus Advanced Technologies had total assets of ₩86.8 million (up 921.6% from a year earlier), total liabilities of ₩101.7 million and shareholders' equity of -₩14.7 million. It held ₩6.2 million in cash and short-term investments against ₩36.3 million of debt, net debt of ₩30.1 million. Its current ratio was 0.24. In the latest quarter (ended March 31, 2026) total assets were ₩86.8 million and equity -₩14.7 million.

Related: NXAT income statement, NXAT cash flow statement, NXAT key metrics. See the NXAT stock overview for the latest quote and news.

NXAT balance sheet FAQ

What are Nexus Advanced Technologies's total assets?

Nexus Advanced Technologies reported total assets of ₩86.8 million at the end of fiscal 2025 (December 31, 2025), compared with ₩8.5 million a year earlier.

How much debt does Nexus Advanced Technologies have?

Nexus Advanced Technologies had ₩36.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.

How much cash does Nexus Advanced Technologies have?

Nexus Advanced Technologies held ₩6.2 million in cash and short-term investments at the end of fiscal 2025; with ₩36.3 million of debt that is net debt of ₩30.1 million.

What is Nexus Advanced Technologies's book value?

Nexus Advanced Technologies's shareholders' equity (book value) was -₩14.7 million at the end of fiscal 2025.

What is Nexus Advanced Technologies's current ratio?

Nexus Advanced Technologies had current assets of ₩18.1 million and current liabilities of ₩74.8 million, a current ratio of 0.24 (current liabilities exceed current assets).

How much goodwill does Nexus Advanced Technologies have?

Nexus Advanced Technologies carried ₩53.7 million of goodwill and intangible assets, 61.9% of total assets, at the end of fiscal 2025.