OFAL (OFAL) Balance Sheet

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

OFAL balance sheet, FY2026

March 31, 2026 · U.S. dollars

$21.6M assets = $8.9M liabilities + $12.7M equity

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

OFAL financial health

Current ratio0.49

Tight · current assets cover current liabilities 0.49×

Debt / equity0.10

Low leverage · $0.10 of debt for each $1 of equity

Equity / assets50.8%

Equity-funded · of assets funded by shareholders

Cash / debt94.9%

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

Goodwill & intangibles74.4%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

OFAL balance sheet trends, FY2023–FY2026

OFAL balance sheet trends
Metric	Then	Latest	Change
Total assets	$181,415FY2023	$21.6MFY2026	+392.0%/yr
Total liabilities	$355,883FY2023	$8.9MFY2026	+192.4%/yr
Shareholders’ equity	−$174,468FY2023	$11.0MFY2026	—
Cash & short-term investments	$34,719FY2023	$1.0MFY2026	+209.9%/yr
Total debt	$7,996FY2023	$1.1MFY2026	+414.5%/yr
Net cash (debt)	$26,723FY2023	−$55,578FY2026	−$82,301
Working capital	−$189,433FY2023	−$4.1MFY2026	−$3.9M
Current ratio	0.47FY2023	0.49FY2026	+0.02

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

OFAL assets

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

OFAL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

OFAL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

OFAL balance sheet

OFAL annual balance sheet
	FY2026	FY2025	FY2024	FY2023
Assets
Cash & short-term investments	$1.0M	$31,950	$268,160	$34,719
Cash & equivalents	$1.0M	$31,950	$268,160	$34,719
Receivables	$3,700	$15,946	$45,455	$131,731
Inventory	$0	$0	$0	$0
Other current assets	$2.8M	$266,028	$0	$0
Total current assets	$3.9M	$313,924	$313,615	$166,450
Property, plant & equipment (net)	$1.5M	$37,999	$32,535	$7,603
Goodwill & intangible assets	$16.1M	$0	$0	$0
Long-term investments	$0	$0	$0	$0
Other non-current assets	$122,857	$16,004	$7,770	$7,362
Total assets	$21.6M	$367,927	$353,920	$181,415
Liabilities
Accounts payable	$515,951	$0	$15,026	$3,956
Short-term debt	$186,583	$38,487	$41,742	$7,996
Deferred revenue	$62,191	$131,564	$101,718	$62,779
Total current liabilities	$8.0M	$220,695	$158,486	$355,883
Long-term debt	$448,057	$473,188	$453,832	$0
Lease obligations	$618,795	$38,109	$32,910	$7,996
Other long-term liabilities	$454,404	$0	$9,813	$0
Total liabilities	$8.9M	$693,883	$622,131	$355,883
Shareholders' equity
Common stock & paid-in capital	$45,431	$9,611	$7,711	$7,711
Retained earnings (deficit)	−$9.1M	−$1.0M	−$312,388	−$219,191
Accumulated other comprehensive income	$64,008	$49,716	$31,281	$31,827
Total shareholders' equity	$11.0M	−$325,956	−$268,211	−$174,468
Key figures
Total debt	$1.1M	$511,675	$505,387	$7,996
Net cash (debt)	−$55,578	−$479,725	−$237,227	$26,723
Working capital	−$4.1M	$93,229	$155,129	−$189,433
Tangible book value	−$5.1M	−$325,956	−$268,211	−$174,468
Book value per share	$8.10	—	—	—
Shares outstanding	1.4M	—	—	—
Current ratio	0.49	1.42	1.98	0.47
Quick ratio	0.13	0.22	1.98	0.47
Debt / equity	0.10	—	—	—
Equity / assets	50.8%	−88.6%	−75.8%	−96.2%

OFAL quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23
Assets
Cash & short-term investments	$1.0M	$1.0M	$505,786	$505,786	$31,950	$31,950	$31,950	$177,053	$177,053	$268,160	$268,160
Cash & equivalents	$1.0M	$1.0M	$505,786	$505,786	$31,950	$31,950	$31,950	$177,053	$177,053	$268,160	$268,160
Receivables	$3,700	$3,700	$220,734	$0	$15,946	$15,946	$15,945	$22,428	$22,429	$45,455	$45,455
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$2.8M	$2.8M	$39,007	$259,741	$266,028	$266,028	$266,029	$226,878	$226,877	$0	$0
Total current assets	$3.9M	$3.9M	$765,527	$765,527	$313,924	$313,924	$313,924	$426,359	$426,359	$313,615	$313,615
Property, plant & equipment (net)	$1.5M	$1.5M	$1.1M	$1.1M	$37,999	$37,999	$37,999	$61,802	$61,802	$32,535	$32,535
Goodwill & intangible assets	$16.1M	$16.1M	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$122,857	$122,857	$15.1M	$15.1M	$16,004	$16,004	$16,004	$13,386	$13,385	$7,770	$7,770
Total assets	$21.6M	$21.6M	$16.9M	$16.9M	$367,927	$367,927	$367,927	$501,547	$501,546	$353,920	$353,920
Liabilities
Accounts payable	$515,951	$515,951	$32,144	$32,144	—	$0	—	$708	$708	$15,026	$15,026
Short-term debt	$186,583	—	$35,153	—	$38,487	$38,487	$38,487	$101,312	$101,312	$41,742	$41,742
Deferred revenue	$62,191	—	$156,081	—	$131,564	$131,564	—	$100,529	—	$101,718	—
Total current liabilities	$8.0M	$8.0M	$4.0M	$4.0M	$220,695	$220,695	$220,695	$218,352	$218,352	$158,486	$158,486
Long-term debt	$468,375	$448,057	$0	$470,902	$0	$473,188	$0	$433,783	$0	$453,832	$0
Lease obligations	$640,817	$618,795	—	$53,357	—	$38,109	—	$62,859	—	$32,910	—
Other long-term liabilities	$434,086	$454,404	$491,770	$20,868	$473,188	$0	$473,188	$3,198	$436,980	$9,813	$463,645
Total liabilities	$8.9M	$8.9M	$4.4M	$4.4M	$693,883	$693,883	$693,883	$655,333	$655,332	$622,131	$622,131
Shareholders' equity
Common stock & paid-in capital	$65,431	—	$13,924	—	$9,611	$9,611	$9,611	$9,611	$9,611	$7,711	$7,711
Retained earnings (deficit)	−$9.1M	−$9.1M	−$4.5M	−$4.5M	−$1.0M	−$1.0M	−$1.0M	−$505,250	−$505,250	−$312,388	−$312,388
Accumulated other comprehensive income	$64,008	—	$146,231	—	$49,716	$49,716	$49,716	$29,122	$29,121	$31,281	$31,281
Total shareholders' equity	$11.0M	$12.7M	$12.5M	$12.5M	−$325,956	−$325,956	−$325,956	−$153,786	−$153,786	−$268,211	−$268,211
Key figures
Total debt	$1.1M	$448,057	$526,923	$470,902	$511,675	$511,675	$511,675	$538,293	$538,293	$505,387	$505,387
Net cash (debt)	−$55,578	$585,409	−$21,137	$34,884	−$479,725	−$479,725	−$479,725	−$361,240	−$361,240	−$237,227	−$237,227
Working capital	−$4.1M	−$4.1M	−$3.2M	−$3.2M	$93,229	$93,229	$93,229	$208,007	$208,007	$155,129	$155,129
Tangible book value	−$5.1M	−$3.4M	$12.5M	$12.5M	−$325,956	−$325,956	−$325,956	−$153,786	−$153,786	−$268,211	−$268,211
Book value per share	$0.81	$0.50	—	$0.90	−$0.03	—	−$0.03	—	−$0.02	—	−$0.03
Shares outstanding	13.6M	25.4M	—	13.9M	9.6M	—	9.6M	—	7.8M	—	7.7M
Current ratio	0.49	0.49	0.19	0.19	1.42	1.42	1.42	1.95	1.95	1.98	1.98
Quick ratio	0.13	0.13	0.18	0.13	0.22	0.22	0.22	0.91	0.91	1.98	1.98
Debt / equity	0.10	0.04	0.04	0.04	—	—	—	—	—	—	—
Equity / assets	50.8%	58.8%	73.8%	73.8%	−88.6%	−88.6%	−88.6%	−30.7%	−30.7%	−75.8%	−75.8%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed July 14, 2026); data from EODHD.

OFAL financial position

At the end of fiscal 2026 (March 31, 2026), OFAL had total assets of $21.6 million (up 5,772.7% from a year earlier), total liabilities of $8.9 million and shareholders' equity of $11.0 million. It held $1.0 million in cash and short-term investments against $1.1 million of debt, net debt of $0.1 million. Its current ratio was 0.49. In the latest quarter (ended June 30, 2026) total assets were $21.6 million and equity $11.0 million.

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

OFAL balance sheet FAQ

What are OFAL's total assets?

OFAL reported total assets of $21.6 million at the end of fiscal 2026 (March 31, 2026), compared with $0.4 million a year earlier.

How much debt does OFAL have?

OFAL had $1.1 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.

How much cash does OFAL have?

OFAL held $1.0 million in cash and short-term investments at the end of fiscal 2026; with $1.1 million of debt that is net debt of $0.1 million.

What is OFAL's book value?

OFAL's shareholders' equity (book value) was $11.0 million at the end of fiscal 2026, or $8.10 per share.

What is OFAL's current ratio?

OFAL had current assets of $3.9 million and current liabilities of $8.0 million, a current ratio of 0.49 (current liabilities exceed current assets).

How much goodwill does OFAL have?

OFAL carried $16.1 million of goodwill and intangible assets, 74.4% of total assets, at the end of fiscal 2026.