Phoenix Asia Holdings Limited (PHOE) Balance Sheet
PHOE balance sheet, FY2026
March 31, 2026 · U.S. dollars$934,074 assets = $148,565 liabilities + $785,509 equity
Both columns are drawn to the same scale: what PHOE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PHOE financial health
Descriptive bands, not a rating. Fiscal FY2026.
PHOE balance sheet trends, FY2023–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.6MFY2023 | $934,074FY2026 | −16.4%/yr | |
| Total liabilities | $946,103FY2023 | $148,565FY2026 | −46.0%/yr | |
| Shareholders’ equity | $651,964FY2023 | $785,509FY2026 | +6.4%/yr | |
| Cash & short-term investments | $377,746FY2023 | $113,839FY2026 | −33.0%/yr | |
| Total debt | $71,240FY2023 | $8,328FY2026 | −51.1%/yr | |
| Net cash (debt) | $306,506FY2023 | $105,511FY2026 | −$200,995 | |
| Working capital | $538,234FY2023 | $635,285FY2026 | +$97,051 | |
| Book value per share | $0.03FY2023 | $0.04FY2026 | +6.4%/yr | |
| Current ratio | 1.63FY2023 | 5.46FY2026 | +3.83 | |
| Debt / equity | 0.11FY2023 | 0.01FY2026 | −0.10 | |
| Shares outstanding | 21.6MFY2023 | 21.6MFY2026 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PHOE assets
PHOE liabilities and equity
PHOE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PHOE balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $113,839 | $2.4M | $890,578 | $377,746 |
| Cash & equivalents | $113,839 | $2.4M | $890,578 | $377,746 |
| Receivables | $612,515 | $1.7M | $2.6M | $1.0M |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $51,325 | $947,587 | $6,654 | $6,654 |
| Total current assets | $777,679 | $5.0M | $3.5M | $1.4M |
| Property, plant & equipment (net) | $10,921 | $68,401 | $81,121 | $96,198 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $145,474 | $280,613 | $158,493 | $110,771 |
| Total assets | $934,074 | $5.4M | $3.7M | $1.6M |
| Liabilities | ||||
| Accounts payable | $72,645 | $1.4M | $1.5M | $348,645 |
| Short-term debt | $3,531 | $11,277 | $26,565 | $31,002 |
| Deferred revenue | — | — | — | $34,766 |
| Total current liabilities | $142,394 | $2.2M | $2.0M | $852,864 |
| Long-term debt | $0 | $0 | $0 | $0 |
| Lease obligations | $65,295 | $25,054 | $51,174 | $71,240 |
| Other long-term liabilities | $6,171 | $20,402 | $28,662 | $93,239 |
| Total liabilities | $148,565 | $2.3M | $2.0M | $946,103 |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $28 | $200 | $161 | $161 |
| Retained earnings (deficit) | $195,645 | $2.7M | $1.7M | $651,961 |
| Total shareholders' equity | $785,509 | $3.1M | $1.7M | $651,964 |
| Key figures | ||||
| Total debt | $8,328 | $25,054 | $51,174 | $71,240 |
| Net cash (debt) | $105,511 | $2.4M | $839,404 | $306,506 |
| Working capital | $635,285 | $2.8M | $1.5M | $538,234 |
| Tangible book value | $785,509 | $3.1M | $1.7M | $651,964 |
| Book value per share | $0.04 | $0.14 | $0.08 | $0.03 |
| Shares outstanding | 21.6M | 21.6M | 21.6M | 21.6M |
| Current ratio | 5.46 | 2.24 | 1.76 | 1.63 |
| Quick ratio | 5.10 | 1.82 | 1.76 | 1.62 |
| Debt / equity | 0.01 | 0.01 | 0.03 | 0.11 |
| Equity / assets | 84.1% | 57.9% | 46.1% | 40.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $113,839 | $892,525 | $1.3M | $1.5M | $3.0M | $2.4M | $1.7M | $890,578 |
| Cash & equivalents | $113,839 | $892,525 | $892,525 | $1.5M | $1.5M | $2.4M | $1.7M | $890,578 |
| Short-term investments | — | — | $402,393 | — | $1.5M | — | — | — |
| Receivables | $612,515 | $4.6M | $4.8M | $5.2M | $5.2M | $1.6M | $2.4M | $2.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $51,325 | $586,202 | $0 | $1.6M | $107,865 | $1.0M | $6,654 | $6,654 |
| Total current assets | $777,679 | $6.1M | $6.1M | $8.3M | $8.3M | $5.0M | $4.1M | $3.5M |
| Property, plant & equipment (net) | $10,921 | $85,626 | $85,626 | $65,158 | $65,157 | $68,401 | $84,586 | $81,121 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $145,474 | $1.1M | $1.1M | $307,963 | $307,964 | $280,613 | $281,185 | $158,493 |
| Total assets | $934,074 | $7.3M | $7.3M | $8.7M | $8.7M | $5.4M | $4.5M | $3.7M |
| Liabilities | ||||||||
| Accounts payable | $72,645 | $569,552 | $569,552 | $1.0M | $1.0M | $1.4M | $1.1M | $1.5M |
| Short-term debt | $3,531 | — | $27,691 | — | $6,324 | — | $22,995 | $26,565 |
| Total current liabilities | $142,394 | $1.1M | $1.1M | $1.2M | $1.2M | $2.2M | $1.7M | $2.0M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $65,295 | — | $17,434 | — | $25,054 | $39,438 | $51,174 |
| Other long-term liabilities | $6,171 | $48,385 | $48,385 | $16,511 | $16,511 | $20,402 | $20,909 | $28,662 |
| Total liabilities | $148,565 | $1.2M | $1.2M | $1.2M | $1.2M | $2.3M | $1.8M | $2.0M |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | $28 | — | $216 | — | $216 | — | $200 | $161 |
| Retained earnings (deficit) | $195,645 | $1.5M | $1.5M | $2.9M | $2.9M | $2.7M | $2.3M | $1.7M |
| Total shareholders' equity | $785,509 | $6.2M | $6.2M | $7.5M | $7.5M | $3.1M | $2.7M | $1.7M |
| Key figures | ||||||||
| Total debt | $8,328 | — | $65,295 | — | $17,434 | — | $39,438 | $51,174 |
| Net cash (debt) | $105,511 | — | $1.2M | — | $3.0M | — | $1.6M | $839,404 |
| Working capital | $635,285 | $5.0M | $5.0M | $7.1M | $7.1M | $2.8M | $2.4M | $1.5M |
| Tangible book value | $785,509 | $6.2M | $6.2M | $7.5M | $7.5M | $3.1M | $2.7M | $1.7M |
| Book value per share | $0.04 | $0.29 | $0.29 | $0.35 | $0.35 | $0.14 | $0.13 | $0.08 |
| Shares outstanding | 21.6M | 21.6M | 21.6M | 21.6M | 21.4M | 21.6M | 21.6M | 21.6M |
| Current ratio | 5.46 | 5.46 | 5.46 | 7.02 | 7.02 | 2.24 | 2.37 | 1.76 |
| Quick ratio | 5.10 | 4.94 | 5.46 | 5.65 | 6.93 | 1.79 | 2.36 | 1.76 |
| Debt / equity | 0.01 | — | 0.01 | — | 0.00 | — | 0.01 | 0.03 |
| Equity / assets | 84.1% | 84.1% | 84.1% | 86.2% | 86.2% | 57.9% | 60.8% | 46.1% |
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.
PHOE financial position
At the end of fiscal 2026 (March 31, 2026), Phoenix Asia had total assets of $0.9 million (down 82.6% from a year earlier), total liabilities of $0.1 million and shareholders' equity of $0.8 million. It held $0.1 million in cash and short-term investments against $0.0 million of debt, a net cash position of $0.1 million. Its current ratio was 5.46. In the latest quarter (ended June 30, 2026) total assets were $0.9 million and equity $0.8 million.
Related: PHOE income statement, PHOE cash flow statement, PHOE key metrics. See the PHOE stock overview for the latest quote and news.
PHOE balance sheet FAQ
What are Phoenix Asia's total assets?
Phoenix Asia reported total assets of $0.9 million at the end of fiscal 2026 (March 31, 2026), compared with $5.4 million a year earlier.
How much debt does Phoenix Asia have?
Phoenix Asia had $0.0 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Phoenix Asia have?
Phoenix Asia held $0.1 million in cash and short-term investments at the end of fiscal 2026; with $0.0 million of debt that is net cash of $0.1 million.
What is Phoenix Asia's book value?
Phoenix Asia's shareholders' equity (book value) was $0.8 million at the end of fiscal 2026, or $0.04 per share.
What is Phoenix Asia's current ratio?
Phoenix Asia had current assets of $0.8 million and current liabilities of $0.1 million, a current ratio of 5.46 (it can cover its short-term obligations).