NextBoat Inc. (NXB) Balance Sheet
NXB balance sheet, 2025
December 31, 2025 · U.S. dollars$48.4M assets = $36.6M liabilities + $11.8M equity
Both columns are drawn to the same scale: what NXB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NXB financial health
Descriptive bands, not a rating. Fiscal 2025.
NXB balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $20.3M2023 | $48.4M2025 | +54.4%/yr | |
| Total liabilities | $20.6M2023 | $36.6M2025 | +33.4%/yr | |
| Shareholders’ equity | −$249,7202023 | $11.8M2025 | — | |
| Cash & short-term investments | $1.7M2023 | $12.4M2025 | +174.1%/yr | |
| Total debt | $15.0M2023 | $32.0M2025 | +46.2%/yr | |
| Net cash (debt) | −$13.3M2023 | −$19.6M2025 | −$6.3M | |
| Working capital | −$2.0M2023 | $9.0M2025 | +$11.0M | |
| Book value per share | −$0.012023 | $0.492025 | — | |
| Current ratio | 0.902023 | 1.292025 | +0.39 | |
| Debt / equity | 26.172024 | 2.712025 | −23.46 | |
| Shares outstanding | 20.0M2023 | 24.0M2025 | +9.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NXB assets
NXB liabilities and equity
NXB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NXB balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $12.4M | $2.9M | $1.7M |
| Cash & equivalents | $12.4M | $2.9M | $1.7M |
| Receivables | $269,938 | $109,259 | $1.2M |
| Inventory | $26.0M | $22.6M | $12.6M |
| Other current assets | $1.1M | $3.2M | $2.7M |
| Total current assets | $39.9M | $28.9M | $18.1M |
| Property, plant & equipment (net) | $7.3M | $2.0M | $941,067 |
| Goodwill & intangible assets | $1.1M | $570,000 | $570,000 |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $72,109 | $239,055 | $740,921 |
| Total assets | $48.4M | $31.6M | $20.3M |
| Liabilities | |||
| Accounts payable | $1.5M | $962,725 | $349,958 |
| Short-term debt | $26.3M | $23.9M | $14.5M |
| Deferred revenue | $1.2M | $2.4M | $2.7M |
| Total current liabilities | $30.9M | $29.3M | $20.1M |
| Long-term debt | $62,003 | $229,295 | $323,421 |
| Lease obligations | $6.6M | $1.5M | $276,406 |
| Other long-term liabilities | $5.7M | $1.1M | $147,209 |
| Total liabilities | $36.6M | $30.7M | $20.6M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $24,020 | $20,000 | $20,000 |
| Retained earnings (deficit) | −$6.5M | −$1.8M | −$2.1M |
| Total shareholders' equity | $11.8M | $967,390 | −$249,720 |
| Key figures | |||
| Total debt | $32.0M | $25.3M | $15.0M |
| Net cash (debt) | −$19.6M | −$22.4M | −$13.3M |
| Working capital | $9.0M | −$443,441 | −$2.0M |
| Tangible book value | $10.7M | $397,390 | −$819,720 |
| Book value per share | $0.49 | $0.05 | −$0.01 |
| Shares outstanding | 24.0M | 20.0M | 20.0M |
| Current ratio | 1.29 | 0.98 | 0.90 |
| Quick ratio | 0.41 | 0.10 | 0.14 |
| Debt / equity | 2.71 | 26.17 | — |
| Equity / assets | 24.4% | 3.1% | −1.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $7.7M | $5.3M | $12.4M | $2.3M | $3.1M | $934,272 | $2.9M |
| Cash & equivalents | $7.7M | $5.3M | $12.4M | $2.3M | $3.1M | $934,272 | $2.9M |
| Receivables | $1.3M | $304,194 | $269,938 | $244,400 | $261,487 | $168,775 | $104,317 |
| Inventory | $60.4M | $46.4M | $26.0M | $24.0M | $24.6M | $26.7M | $22.6M |
| Other current assets | $2.0M | $1.4M | $1.1M | $2.6M | $2.9M | $3.4M | $3.2M |
| Total current assets | $71.4M | $53.4M | $39.9M | $29.2M | $30.8M | $31.2M | $28.9M |
| Property, plant & equipment (net) | $22.9M | $9.8M | $7.3M | $2.4M | $2.0M | $1.8M | $2.0M |
| Goodwill & intangible assets | $6.1M | $1.1M | $1.1M | $1.0M | $1.1M | $570,000 | $570,000 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $69,912 | $91,115 | $72,109 | $43,366 | $35,371 | $228,931 | $239,055 |
| Total assets | $100.5M | $64.5M | $48.4M | $32.6M | $34.0M | $33.8M | $31.6M |
| Liabilities | |||||||
| Accounts payable | $2.3M | $1.5M | $1.5M | $627,237 | $587,426 | $583,202 | $962,725 |
| Short-term debt | $61.0M | $42.5M | $26.3M | $27.0M | $26.1M | $28.0M | $25.4M |
| Deferred revenue | $2.9M | $2.1M | $1.2M | $1.7M | $3.1M | $1.4M | — |
| Total current liabilities | $68.5M | $48.5M | $30.9M | $31.8M | $32.1M | $31.9M | $29.3M |
| Long-term debt | $3.3M | $55,966 | $62,003 | $67,924 | $176,396 | $221,401 | $0 |
| Lease obligations | $19.2M | $6.4M | $6.6M | $1.9M | $1.7M | $1.4M | — |
| Other long-term liabilities | $16.7M | $5.4M | $5.7M | $1.4M | $1.3M | $1.1M | $1.4M |
| Total liabilities | $88.4M | $54.0M | $36.6M | $33.2M | $33.6M | $33.1M | $30.7M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $25,084 | $24,320 | $24,020 | $20,000 | $20,000 | $20,000 | $20,000 |
| Retained earnings (deficit) | −$11.8M | −$10.0M | −$6.5M | −$3.4M | −$2.4M | −$2.1M | −$1.8M |
| Accumulated other comprehensive income | $349,999 | — | — | — | — | — | — |
| Minority interest | −$200,607 | — | — | — | — | — | — |
| Total shareholders' equity | $12.3M | $10.5M | $11.8M | −$610,535 | $392,923 | $665,258 | $967,390 |
| Key figures | |||||||
| Total debt | $81.0M | $48.0M | $32.0M | $28.5M | $27.6M | $29.3M | $26.7M |
| Net cash (debt) | −$73.2M | −$42.7M | −$19.6M | −$26.2M | −$24.5M | −$28.3M | −$23.8M |
| Working capital | $3.0M | $4.9M | $9.0M | −$2.6M | −$1.3M | −$698,940 | −$443,441 |
| Tangible book value | $6.2M | $9.3M | $10.7M | −$1.6M | −$658,744 | $95,258 | $397,390 |
| Book value per share | $0.49 | $0.43 | $0.49 | −$0.03 | $0.02 | $0.03 | $0.05 |
| Shares outstanding | 24.8M | 24.3M | 24.0M | 23.8M | 20.0M | 23.8M | 20.0M |
| Current ratio | 1.04 | 1.10 | 1.29 | 0.92 | 0.96 | 0.98 | 0.98 |
| Quick ratio | 0.13 | 0.12 | 0.41 | 0.08 | 0.11 | 0.03 | 0.10 |
| Debt / equity | 6.61 | 4.58 | 2.71 | — | 70.21 | 43.97 | 27.64 |
| Equity / assets | 12.2% | 16.3% | 24.4% | −1.9% | 1.2% | 2.0% | 3.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
NXB financial position
At the end of fiscal 2025 (December 31, 2025), NextBoat had total assets of $48.4 million (up 53.0% from a year earlier), total liabilities of $36.6 million and shareholders' equity of $11.8 million. It held $12.4 million in cash and short-term investments against $32.0 million of debt, net debt of $19.6 million. Its current ratio was 1.29. In the latest quarter (ended June 30, 2026) total assets were $100.5 million and equity $12.3 million.
Related: NXB income statement, NXB cash flow statement, NXB key metrics. See the NXB stock overview for the latest quote and news.
NXB balance sheet FAQ
What are NextBoat's total assets?
NextBoat reported total assets of $48.4 million at the end of fiscal 2025 (December 31, 2025), compared with $31.6 million a year earlier.
How much debt does NextBoat have?
NextBoat had $32.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 2.71.
How much cash does NextBoat have?
NextBoat held $12.4 million in cash and short-term investments at the end of fiscal 2025; with $32.0 million of debt that is net debt of $19.6 million.
What is NextBoat's book value?
NextBoat's shareholders' equity (book value) was $11.8 million at the end of fiscal 2025, or $0.49 per share.
What is NextBoat's current ratio?
NextBoat had current assets of $39.9 million and current liabilities of $30.9 million, a current ratio of 1.29 (it can cover its short-term obligations).
How much goodwill does NextBoat have?
NextBoat carried $1.1 million of goodwill and intangible assets, 2.3% of total assets, at the end of fiscal 2025.