Next Technology Holding Inc. (NXTT) Balance Sheet
NXTT balance sheet, 2025
December 31, 2025 · U.S. dollars$524.1M assets = $68.6M liabilities + $455.6M equity
Both columns are drawn to the same scale: what NXTT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
NXTT financial health
Descriptive bands, not a rating. Fiscal 2025.
NXTT balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.6M2019 | $524.1M2025 | +107.4%/yr | |
| Total liabilities | $1.8M2019 | $68.6M2025 | +83.7%/yr | |
| Shareholders’ equity | $4.8M2019 | $455.6M2025 | +113.5%/yr | |
| Cash & short-term investments | $6.6M2019 | $5.6M2025 | −2.6%/yr | |
| Total debt | $1.5M2019 | $2.0M2025 | +5.2%/yr | |
| Net cash (debt) | $5.1M2019 | $3.6M2025 | −$1.5M | |
| Working capital | $4.8M2019 | $520.2M2025 | +$515.4M | |
| Debt / equity | 0.312019 | 0.002025 | −0.31 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
NXTT assets
NXTT liabilities and equity
NXTT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
NXTT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $5.6M | $668,387 | $668,387 | $22,926 | $616,593 | $4.6M | $6.6M |
| Cash & equivalents | $5.6M | $668,387 | $668,387 | $22,926 | $616,593 | $4.6M | $6.6M |
| Short-term investments | — | $78.3M | $35.1M | — | — | — | — |
| Receivables | $354,772 | $1.8M | $1.1M | $5.8M | $13.1M | $2.6M | $0 |
| Inventory | $0 | $0 | $0 | $50,839 | $19,303 | $3,318 | $0 |
| Other current assets | $518.2M | $90.4M | $47.3M | $40.6M | $2.7M | $3.2M | $0 |
| Total current assets | $524.1M | $92.9M | $49.1M | $46.5M | $16.4M | $10.4M | $6.6M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $1.8M | $3.0M | $3.1M | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $23,188 | $37,765 | $49,029 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $524.1M | $92.9M | $48.9M | $46.5M | $19.5M | $13.5M | $6.6M |
| Liabilities | |||||||
| Accounts payable | $751,322 | $730,000 | $926,456 | $425,053 | $62,146 | $8,176 | — |
| Short-term debt | $2.0M | $760,352 | — | — | $596,098 | $709,865 | $1.5M |
| Deferred revenue | — | — | — | — | $711,841 | $1.5M | — |
| Total current liabilities | $3.9M | $3.1M | $4.2M | $4.8M | $3.0M | $2.2M | $1.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | $0 | $2.5M | $3.0M | $0 |
| Other long-term liabilities | $64.6M | $8.2M | $1 | $0 | $1.9M | $2.5M | $0 |
| Total liabilities | $68.6M | $11.3M | $4.2M | $4.8M | $4.9M | $4.6M | $1.8M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | — | $71.7M | $56.3M | — | — | — | — |
| Retained earnings (deficit) | $152.3M | $9.9M | −$11.6M | −$1.7M | $7.4M | $2.3M | −$417,407 |
| Accumulated other comprehensive income | — | $0 | −$8 | −$310,576 | $898,497 | $578,735 | $5.0M |
| Total shareholders' equity | $455.6M | $81.6M | $44.7M | $41.7M | $14.5M | $8.9M | $4.8M |
| Key figures | |||||||
| Total debt | $2.0M | $760,352 | — | — | $2.5M | $3.2M | $1.5M |
| Net cash (debt) | $3.6M | −$91,965 | — | — | −$1.9M | $1.5M | $5.1M |
| Working capital | $520.2M | $89.9M | $44.8M | $41.7M | $13.4M | $8.2M | $4.8M |
| Tangible book value | $455.6M | $81.6M | $44.7M | $41.7M | $14.5M | $8.8M | $4.8M |
| Current ratio | 133.17 | 30.43 | 11.62 | 9.66 | 5.48 | 4.78 | 3.69 |
| Quick ratio | 1.52 | 0.81 | 0.43 | 1.21 | 4.56 | 3.33 | 3.69 |
| Debt / equity | 0.00 | 0.01 | — | — | 0.17 | 0.36 | 0.31 |
| Equity / assets | 86.9% | 87.9% | 91.4% | 89.6% | 74.6% | 65.7% | 72.9% |
| 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 | $159.0M | $159.7M | $5.6M | $12.4M | $632.7M | $668,387 | $668,387 | $668,387 | $668,387 | $668,388 | $668,387 | $1.4M |
| Cash & equivalents | $159.0M | $159.7M | $5.6M | $12.4M | $668,387 | $668,387 | $668,387 | $668,387 | $668,387 | $668,388 | $668,387 | $1.4M |
| Short-term investments | — | — | — | $666.8M | $632.1M | $481.7M | $78.3M | $53.0M | $50.7M | $59.4M | $35.2M | $21.9M |
| Receivables | $127,500 | $370,000 | $354,772 | $69,747 | $540,000 | $1.4M | $1.8M | $206,724 | $1.1M | $1.1M | $1.0M | $5.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.1M | $12.1M | $1 |
| Other current assets | $353.2M | $391.1M | $518.2M | $667.1M | $0 | $481.7M | $90.4M | $65.2M | $62.9M | $59.4M | $35.1M | $34.5M |
| Total current assets | $512.4M | $551.2M | $524.1M | $679.5M | $633.3M | $483.8M | $92.9M | $66.0M | $64.7M | $73.3M | $48.9M | $41.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13.4M | $13.4M | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $512.4M | $551.2M | $524.1M | $679.5M | $633.3M | $483.8M | $92.9M | $79.4M | $78.1M | $73.3M | $48.9M | $41.9M |
| Liabilities | ||||||||||||
| Accounts payable | $1.3M | $1.5M | $751,322 | $0 | $0 | $730,000 | $730,000 | $0 | $924,127 | $924,127 | $800,000 | $123,273 |
| Short-term debt | — | $575,644 | $2.0M | $2.0M | $1.7M | $1.6M | $760,352 | — | — | — | — | — |
| Deferred revenue | — | — | — | $3.4M | — | — | — | — | — | — | — | — |
| Total current liabilities | $2.9M | $3.0M | $3.9M | $6.0M | $2.5M | $3.1M | $3.1M | $2.7M | $5.9M | $4.5M | $4.2M | $2.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $24.1M | $37.3M | $64.6M | $98.5M | $91.2M | $59.7M | $8.2M | $2.7M | $2.3M | $4.1M | $0 | $0 |
| Total liabilities | $27.0M | $40.4M | $68.6M | $104.4M | $93.7M | $62.8M | $11.3M | $5.4M | $5.9M | $4.5M | $4.2M | $2.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | $270.9M | $217.7M | $217.7M | $71.7M | $71.7M | $71.7M | $56.3M | $56.3M | — |
| Retained earnings (deficit) | $16.8M | $46.5M | $152.3M | $304.2M | $321.9M | $203.3M | $9.9M | $2.4M | $995,258 | $12.5M | −$11.6M | −$16.6M |
| Accumulated other comprehensive income | $0 | $0 | — | — | — | $0 | $0 | $0 | −$113 | −$113 | −$8 | −$175 |
| Total shareholders' equity | $485.4M | $510.9M | $455.6M | $575.1M | $539.6M | $421.0M | $81.6M | $74.1M | $72.1M | $68.8M | $44.7M | $39.8M |
| Key figures | ||||||||||||
| Total debt | — | $575,644 | $2.0M | $2.0M | $1.7M | $1.6M | $760,352 | — | — | — | — | — |
| Net cash (debt) | — | $159.1M | $3.6M | $10.4M | $631.0M | −$966,234 | −$91,965 | — | — | — | — | — |
| Working capital | $509.4M | $548.2M | $520.2M | $673.6M | $630.8M | $480.7M | $89.9M | $63.3M | $58.7M | $68.8M | $44.7M | $39.8M |
| Tangible book value | $485.4M | $510.9M | $455.6M | $575.1M | $539.6M | $421.0M | $81.6M | $74.1M | $72.1M | $68.8M | $44.7M | $39.8M |
| Book value per share | $330.14 | — | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 1.5M | — | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 175.57 | 180.91 | 133.17 | 114.15 | 253.35 | 153.91 | 30.43 | 24.54 | 10.90 | 16.17 | 11.59 | 19.77 |
| Quick ratio | 54.54 | 52.54 | 1.52 | 2.09 | 253.35 | 0.67 | 0.81 | 0.33 | 0.30 | 0.40 | 0.40 | 3.47 |
| Debt / equity | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | — | — | — | — | — |
| Equity / assets | 94.7% | 92.7% | 86.9% | 84.6% | 85.2% | 87.0% | 87.9% | 93.3% | 92.4% | 93.8% | 91.4% | 94.9% |
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.
NXTT financial position
At the end of fiscal 2025 (December 31, 2025), Next Technology had total assets of $524.1 million (up 464.1% from a year earlier), total liabilities of $68.6 million and shareholders' equity of $455.6 million. It held $5.6 million in cash and short-term investments against $2.0 million of debt, a net cash position of $3.6 million. Its current ratio was 133.17. In the latest quarter (ended June 30, 2026) total assets were $512.4 million and equity $485.4 million.
Related: NXTT income statement, NXTT cash flow statement, NXTT key metrics. See the NXTT stock overview for the latest quote and news.
NXTT balance sheet FAQ
What are Next Technology's total assets?
Next Technology reported total assets of $524.1 million at the end of fiscal 2025 (December 31, 2025), compared with $92.9 million a year earlier.
How much debt does Next Technology have?
Next Technology had $2.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.00.
How much cash does Next Technology have?
Next Technology held $5.6 million in cash and short-term investments at the end of fiscal 2025; with $2.0 million of debt that is net cash of $3.6 million.
What is Next Technology's book value?
Next Technology's shareholders' equity (book value) was $455.6 million at the end of fiscal 2025.
What is Next Technology's current ratio?
Next Technology had current assets of $524.1 million and current liabilities of $3.9 million, a current ratio of 133.17 (it can cover its short-term obligations).