Paranovus Entertainment Technology Ltd. (PAVS) Balance Sheet
PAVS balance sheet, FY2026
March 31, 2026 · U.S. dollars$36.9M assets = $3.9M liabilities + $33.0M equity
Both columns are drawn to the same scale: what PAVS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PAVS financial health
Descriptive bands, not a rating. Fiscal FY2026.
PAVS balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $41.5MFY2017 | $36.9MFY2026 | −1.3%/yr | |
| Total liabilities | $18.2MFY2017 | $3.9MFY2026 | −15.8%/yr | |
| Shareholders’ equity | $23.3MFY2017 | $31.2MFY2026 | +3.3%/yr | |
| Cash & short-term investments | $4.3MFY2017 | $15.3MFY2026 | +15.2%/yr | |
| Total debt | $2.3MFY2017 | $553,220FY2026 | −14.8%/yr | |
| Net cash (debt) | $1.9MFY2017 | $14.7MFY2026 | +$12.8M | |
| Working capital | $14.2MFY2017 | $17.7MFY2026 | +$3.5M | |
| Current ratio | 1.79FY2017 | 8.18FY2026 | +6.39 | |
| Debt / equity | 0.10FY2017 | 0.02FY2026 | −0.08 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PAVS assets
PAVS liabilities and equity
PAVS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PAVS balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $15.3M | $5.0M | $341,779 | $2.0M | $19.7M | $36.6M | $33.7M | $14.8M | $8.9M | $4.3M |
| Cash & equivalents | $10.3M | $261,355 | $341,779 | $2.0M | $19.7M | $36.6M | $33.7M | $14.8M | $8.9M | $4.3M |
| Short-term investments | $5.0M | $4.8M | $0 | — | $691,070 | $12,174 | — | — | — | — |
| Receivables | $3.1M | $0 | $285,755 | $2.0M | $29.2M | $34.6M | $30.0M | $32.0M | $32.6M | $24.1M |
| Inventory | $118,788 | $653,342 | $1 | $335,019 | $5.6M | $11.1M | $5.6M | $7.9M | $2.3M | $3.7M |
| Other current assets | $1.8M | $1.5M | $2.2M | $5.4M | $2.0M | $12.9M | $699,425 | $110,088 | $28,299 | $82,810 |
| Total current assets | $20.2M | $7.2M | $2.9M | $9.8M | $56.6M | $95.1M | $70.0M | $54.8M | $43.8M | $32.2M |
| Property, plant & equipment (net) | $340,027 | $126,444 | $12,596 | $13,470 | $11.2M | $10.5M | $7.9M | $7.8M | $8.8M | $8.5M |
| Goodwill & intangible assets | $16.4M | $28.3M | $4.9M | $7.1M | $20.2M | $2.2M | $719,722 | $774,374 | $847,505 | $789,087 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $19.5M | $9.4M | $5.0M | $6.5M | $2.3M | $0 | $0 |
| Total assets | $36.9M | $35.6M | $7.7M | $36.3M | $97.4M | $112.7M | $85.1M | $65.7M | $53.4M | $41.5M |
| Liabilities | ||||||||||
| Accounts payable | $1.4M | $1.7M | −$73,953 | $13.5M | $12.2M | $8.8M | $1.5M | $1.7M | $5.4M | $6.1M |
| Short-term debt | $471,026 | $2.4M | $2.2M | $2.2M | $2.3M | $2.2M | $2.0M | $1.0M | $1.5M | $2.1M |
| Deferred revenue | $227,611 | $73,321 | $73,953 | $655,922 | $3.3M | — | — | — | — | — |
| Total current liabilities | $2.5M | $6.4M | $2.6M | $21.0M | $17.9M | $15.1M | $5.5M | $4.8M | $8.8M | $18.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $237,644 | $101,588 | $0 | — | — | — | — | — | — | — |
| Other long-term liabilities | $1.4M | $158,090 | $0 | $1.5M | $2.1M | $0 | $0 | $0 | $0 | $209,015 |
| Total liabilities | $3.9M | $6.6M | $2.6M | $22.5M | $20.0M | $15.1M | $5.5M | $4.8M | $8.8M | $18.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $11 | $673,300 | $73,300 | $83,300 | $39,550 | $15,241 | $12,500 | $11,500 | $11,500 | $11,500 |
| Retained earnings (deficit) | −$83.0M | −$70.3M | −$62.0M | −$59.5M | $12.3M | $61.5M | $66.6M | $53.9M | $35.3M | $17.8M |
| Accumulated other comprehensive income | $2.4M | $2.5M | $2.5M | $7.2M | $11.9M | $6.7M | −$2.1M | $1.3M | $4.2M | $1.0M |
| Minority interest | $1.8M | $4.7M | −$412,181 | −$886,008 | — | — | — | — | — | — |
| Total shareholders' equity | $31.2M | $24.3M | $5.6M | $14.8M | $78.1M | $94.7M | $79.6M | $60.9M | $44.6M | $23.3M |
| Key figures | ||||||||||
| Total debt | $553,220 | $2.5M | $2.2M | $2.2M | $2.3M | $2.2M | $2.0M | $1.0M | $1.5M | $2.3M |
| Net cash (debt) | $14.7M | $2.5M | −$1.9M | −$191,714 | $17.5M | $34.3M | $31.6M | $13.8M | $7.4M | $1.9M |
| Working capital | $17.7M | $782,217 | $291,330 | −$11.2M | $38.6M | $80.0M | $64.5M | $50.1M | $34.9M | $14.2M |
| Tangible book value | $14.9M | −$4.0M | $716,107 | $7.7M | $57.9M | $92.6M | $78.9M | $60.1M | $43.7M | $22.5M |
| Book value per share | — | $34.44 | — | — | — | — | — | — | — | — |
| Shares outstanding | — | 704K | — | — | — | — | — | — | — | — |
| Current ratio | 8.18 | 1.12 | 1.11 | 0.47 | 3.15 | 6.29 | 12.71 | 11.51 | 4.95 | 1.79 |
| Quick ratio | 7.41 | 0.78 | 0.25 | 0.19 | 2.73 | 4.71 | 11.56 | 9.83 | 4.69 | 1.58 |
| Debt / equity | 0.02 | 0.10 | 0.40 | 0.15 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.10 |
| Equity / assets | 84.8% | 68.2% | 72.2% | 40.6% | 80.2% | 84.0% | 93.5% | 92.7% | 83.4% | 56.1% |
| Jun '26 | Mar '26 | 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 | $15.3M | $15.3M | $5.2M | $5.0M | $27.3M | $5.0M | $27.3M | $341,779 | $944,242 | $944,242 | $1.0M | $2.0M |
| Cash & equivalents | $10.3M | $10.3M | $412,047 | $261,355 | $105,049 | $261,355 | $105,049 | $341,779 | $944,242 | $944,242 | $1.0M | $2.0M |
| Short-term investments | $5.0M | $5.0M | $4.8M | $4.8M | $27.2M | $4.8M | $27.2M | $27.2M | $0 | — | — | — |
| Receivables | $3.3M | $436,633 | $2.3M | $0 | $0 | $0 | $0 | $285,755 | $285,755 | $11,360 | $534,031 | $2.0M |
| Inventory | $118,788 | $118,788 | $593,907 | $653,342 | $653,342 | $653,342 | $0 | $1 | $0 | $1 | $327,351 | $14,544 |
| Other current assets | $1.6M | $4.4M | $1.7M | $1.5M | $848,309 | $1.5M | $1.5M | $2.2M | $1.6M | $1.9M | $74,375 | $5.7M |
| Total current assets | $20.2M | $20.2M | $9.8M | $7.2M | $28.8M | $7.2M | $28.8M | $2.9M | $2.9M | $2.9M | $2.0M | $9.8M |
| Property, plant & equipment (net) | $340,027 | $340,027 | $347,671 | $126,444 | $126,444 | $126,444 | $0 | $12,596 | $12,596 | $12,596 | $3,178 | $13,470 |
| Goodwill & intangible assets | $16.3M | $16.4M | $27.2M | $28.3M | $4.7M | $28.3M | $4.7M | $4.9M | $4.9M | $4.9M | $6.9M | $7.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.3M | $19.5M |
| Total assets | $36.9M | $36.9M | $37.3M | $35.6M | $33.4M | $35.6M | $33.4M | $7.7M | $7.7M | $7.7M | $11.2M | $36.3M |
| Liabilities | ||||||||||||
| Accounts payable | $1.4M | $1.4M | $2.7M | $1.7M | $1.7M | $1.7M | — | −$73,953 | $0 | — | $16,505 | — |
| Short-term debt | $471,026 | — | $5.3M | $2.4M | $2.2M | $2.4M | $2.2M | $2.2M | $2.3M | $2.3M | — | — |
| Deferred revenue | — | — | — | $73,321 | $73,321 | — | — | $73,953 | — | — | — | — |
| Total current liabilities | $2.5M | $2.5M | $8.5M | $6.4M | $3.3M | $6.4M | $3.3M | $2.6M | $2.6M | $2.6M | $493,082 | $21.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $237,644 | $331,736 | — | $101,588 | — | — | — | $0 | — | — | — |
| Other long-term liabilities | $1.4M | $1.4M | $352,995 | $158,090 | $158,347 | $158,091 | $158,347 | $158,346 | $0 | $0 | $0 | $1.5M |
| Total liabilities | $3.9M | $3.9M | $8.9M | $6.6M | $3.4M | $6.6M | $3.4M | $2.6M | $2.6M | $2.6M | $493,082 | $22.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $11 | — | $673,300 | $673,300 | $673,300 | $673,300 | $673,300 | $73,300 | $73,300 | $73,300 | $73,300 | $83,300 |
| Retained earnings (deficit) | −$83.0M | −$83.0M | −$70.9M | −$70.3M | −$64.1M | −$70.3M | −$64.1M | −$62.0M | −$62.0M | −$62.0M | −$51.3M | −$59.5M |
| Accumulated other comprehensive income | $2.4M | — | $2.5M | $2.5M | $2.1M | $2.5M | $2.1M | $2.5M | $2.5M | $2.5M | −$3.1M | $7.2M |
| Minority interest | — | $1.8M | $4.8M | — | $4.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $31.2M | $31.2M | $23.6M | $24.3M | $30.0M | $24.3M | $30.0M | $5.6M | $5.6M | $5.6M | $10.7M | $14.8M |
| Key figures | ||||||||||||
| Total debt | $725,202 | — | $5.6M | $2.5M | $2.4M | $2.4M | $2.4M | $2.2M | $2.3M | $2.3M | — | — |
| Net cash (debt) | $14.5M | — | −$435,206 | $2.5M | $24.9M | $2.7M | $24.9M | −$1.9M | −$1.3M | −$1.3M | — | — |
| Working capital | $17.7M | $17.7M | $1.3M | $782,217 | $25.5M | $782,217 | $25.5M | $291,330 | $291,330 | $291,330 | $1.5M | −$11.2M |
| Tangible book value | $14.9M | $14.9M | −$3.6M | −$4.0M | $25.3M | −$4.0M | $25.3M | $716,107 | $716,107 | $716,107 | $3.8M | $7.7M |
| Book value per share | — | — | $33.50 | $43.23 | $143.24 | — | — | — | — | — | — | — |
| Shares outstanding | — | — | 704K | 561K | 209K | — | — | — | — | — | — | — |
| Current ratio | 8.18 | 8.18 | 1.15 | 1.12 | 8.74 | 1.12 | 8.74 | 1.11 | 1.11 | 1.11 | 4.00 | 0.47 |
| Quick ratio | 7.50 | 6.35 | 0.88 | 0.78 | 8.29 | 0.78 | 8.29 | 0.25 | 0.48 | 0.37 | 3.19 | 0.19 |
| Debt / equity | 0.02 | — | 0.24 | 0.10 | 0.08 | 0.10 | 0.08 | 0.40 | 0.41 | 0.41 | — | — |
| Equity / assets | 84.8% | 84.8% | 63.3% | 68.2% | 89.7% | 68.2% | 89.7% | 72.2% | 72.2% | 72.2% | 95.6% | 40.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 14, 2026); data from EODHD.
PAVS financial position
At the end of fiscal 2026 (March 31, 2026), Paranovus Entertainment Technology had total assets of $36.9 million (up 3.7% from a year earlier), total liabilities of $3.9 million and shareholders' equity of $31.2 million. It held $15.3 million in cash and short-term investments against $0.6 million of debt, a net cash position of $14.7 million. Its current ratio was 8.18. In the latest quarter (ended June 30, 2026) total assets were $36.9 million and equity $31.2 million.
Related: PAVS income statement, PAVS cash flow statement, PAVS key metrics. See the PAVS stock overview for the latest quote and news.
PAVS balance sheet FAQ
What are Paranovus Entertainment Technology's total assets?
Paranovus Entertainment Technology reported total assets of $36.9 million at the end of fiscal 2026 (March 31, 2026), compared with $35.6 million a year earlier.
How much debt does Paranovus Entertainment Technology have?
Paranovus Entertainment Technology had $0.6 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 Paranovus Entertainment Technology have?
Paranovus Entertainment Technology held $15.3 million in cash and short-term investments at the end of fiscal 2026; with $0.6 million of debt that is net cash of $14.7 million.
What is Paranovus Entertainment Technology's book value?
Paranovus Entertainment Technology's shareholders' equity (book value) was $31.2 million at the end of fiscal 2026.
What is Paranovus Entertainment Technology's current ratio?
Paranovus Entertainment Technology had current assets of $20.2 million and current liabilities of $2.5 million, a current ratio of 8.18 (it can cover its short-term obligations).
How much goodwill does Paranovus Entertainment Technology have?
Paranovus Entertainment Technology carried $16.4 million of goodwill and intangible assets, 44.4% of total assets, at the end of fiscal 2026.