PS International Group Ltd. (PSIG) Balance Sheet
PSIG balance sheet, 2025
December 31, 2025 · U.S. dollars$34.5M assets = $38.2M liabilities + −$3.6M equity
Liabilities exceed assets: shareholders’ equity is negative (−$3.6M).
Both columns are drawn to the same scale: what PSIG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PSIG financial health
Descriptive bands, not a rating. Fiscal 2025.
PSIG balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $29.8M2020 | $34.5M2025 | +3.0%/yr | |
| Total liabilities | $19.9M2020 | $38.2M2025 | +13.9%/yr | |
| Shareholders’ equity | $9.9M2020 | −$3.8M2025 | — | |
| Cash & short-term investments | $3.4M2020 | $16.1M2025 | +36.3%/yr | |
| Total debt | $3.4M2020 | $4.8M2025 | +7.5%/yr | |
| Net cash (debt) | $65,7582020 | $11.3M2025 | +$11.2M | |
| Working capital | $8.9M2020 | −$8.0M2025 | −$16.9M | |
| Book value per share | $0.882020 | −$0.942025 | — | |
| Current ratio | 1.452020 | 0.792025 | −0.66 | |
| Debt / equity | 0.342020 | 0.012024 | −0.33 | |
| Shares outstanding | 11.3M2020 | 4.0M2025 | −18.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PSIG assets
PSIG liabilities and equity
PSIG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PSIG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $16.1M | $8.2M | $10.8M | $44,217 | $45,370 | $3.4M |
| Cash & equivalents | $11.1M | $8.2M | $10.8M | $44,217 | $45,370 | $3.4M |
| Short-term investments | $5.0M | $0 | −$10.7M | — | — | — |
| Receivables | $13.7M | $14.0M | $21.1M | $15.0M | $20.2M | $23.4M |
| Inventory | $0 | $0 | −$38,370 | −$15.0M | −$20.8M | $645,516 |
| Other current assets | $256,464 | $2.3M | $3.2M | $67,963 | $663,154 | $1.1M |
| Total current assets | $30.1M | $24.4M | $35.0M | $112,180 | $45,370 | $28.6M |
| Property, plant & equipment (net) | $4.4M | $257,520 | $244,148 | $512,358 | $1.0M | $653,533 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $603,188 |
| Other non-current assets | $0 | $0 | $0 | $88.0M | $0 | $0 |
| Total assets | $34.5M | $24.7M | $35.3M | $88.6M | $322,117 | $29.8M |
| Liabilities | ||||||
| Accounts payable | $10.3M | $11.5M | $18.6M | $11.9M | $20.1M | $15.0M |
| Short-term debt | $4.8M | $101,947 | $47,689 | $245,563 | $809,471 | $3.1M |
| Deferred revenue | $25 | $1,525 | $4,015 | $6,544 | $108,974 | — |
| Total current liabilities | $38.1M | $13.8M | $22.4M | $171,956 | $320,394 | $19.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $95,443 | $131,325 | $64,916 | $179,552 | $615,129 | $340,504 |
| Other long-term liabilities | $39,177 | $29,378 | $3.0M | $64,916 | $192,921 | $226,042 |
| Total liabilities | $38.2M | $13.9M | $22.4M | $3.2M | $320,394 | $19.9M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $6,898 | $2,598 | $20 | $88.5M | $215 | $16 |
| Retained earnings (deficit) | −$15.1M | $133,277 | $5.0M | $4.3M | −$23,277 | $4.1M |
| Accumulated other comprehensive income | −$41,439 | −$41,439 | −$41,439 | −$41,439 | −$38,253 | −$17,403 |
| Minority interest | $125,157 | $123,523 | $115,816 | $83,698 | — | — |
| Total shareholders' equity | −$3.8M | $10.7M | $12.8M | $85.4M | $7.7M | $9.9M |
| Key figures | ||||||
| Total debt | $4.8M | $131,325 | $64,916 | $310,479 | $1.0M | $3.4M |
| Net cash (debt) | $11.3M | $8.0M | $10.7M | −$266,262 | −$957,022 | $65,758 |
| Working capital | −$8.0M | $10.6M | $12.7M | −$59,776 | −$275,024 | $8.9M |
| Tangible book value | −$3.8M | $10.7M | $12.8M | $85.4M | $7.7M | $9.9M |
| Book value per share | −$0.94 | $2.95 | $3.21 | $7.59 | $0.69 | $0.88 |
| Shares outstanding | 4.0M | 3.6M | 4.0M | 11.3M | 11.3M | 11.3M |
| Current ratio | 0.79 | 1.76 | 1.57 | 0.65 | 0.14 | 1.45 |
| Quick ratio | 0.78 | 1.60 | 1.43 | 87.43 | 63.13 | 1.36 |
| Debt / equity | — | 0.01 | 0.01 | 0.00 | 0.13 | 0.34 |
| Equity / assets | −10.9% | 43.3% | 36.3% | 96.4% | 2,393.5% | 33.1% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $13.9M | $13.9M | $7.0M | $7.0M | $8.2M | $8.2M | $8.6M | $6,552 | $114,709 | $32,404 | $11.0M | $11.2M |
| Cash & equivalents | $8.9M | $8.9M | $7.0M | $7.0M | $8.2M | $8.2M | $8.6M | $6,552 | $114,709 | $32,404 | $131,567 | $520,466 |
| Short-term investments | $5.0M | $5.0M | — | — | — | $0 | — | — | — | — | $10.9M | $10.6M |
| Receivables | $13.7M | $10.3M | $5.8M | $5.4M | $14.0M | $12.9M | $15.6M | $0 | $21.1M | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.5M | $5.9M | $1.6M | $2.0M | $2.3M | $3.3M | $3.0M | $74,038 | $0 | $43,490 | $78,315 | $105,639 |
| Total current assets | $30.1M | $30.1M | $14.4M | $14.4M | $24.4M | $24.4M | $27.2M | $80,590 | $153,079 | $75,894 | $11.1M | $11.3M |
| Property, plant & equipment (net) | $4.4M | $4.4M | $1.2M | $1.2M | $257,520 | $257,520 | $333,451 | $0 | $244,148 | $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 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.5M | $11.1M | $11.2M | $0 | $0 |
| Total assets | $34.5M | $34.5M | $15.6M | $15.6M | $24.7M | $24.7M | $27.5M | $11.6M | $11.5M | $11.2M | $11.1M | $11.3M |
| Liabilities | ||||||||||||
| Accounts payable | $10.3M | $10.3M | $4.1M | $4.1M | $11.5M | $11.5M | $12.1M | — | $18.6M | — | — | $205,995 |
| Short-term debt | $4.8M | — | $79,342 | — | $101,947 | — | $102,496 | $1.1M | $1.1M | $950,000 | $800,000 | $650,000 |
| Deferred revenue | $25 | — | $488 | — | $1,525 | — | $354 | — | $4,015 | — | — | — |
| Total current liabilities | $38.1M | $38.1M | $4.5M | $4.5M | $13.8M | $13.8M | $15.0M | $2.7M | $2.2M | $1.6M | $4.3M | $4.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $95,443 | — | $79,342 | — | $131,325 | $181,838 | — | $64,916 | — | — | — |
| Other long-term liabilities | $39,177 | $39,177 | $0 | $0 | $29,378 | $29,378 | $79,342 | $3.0M | $3.0M | $3.0M | $0 | $0 |
| Total liabilities | $38.2M | $38.2M | $4.5M | $4.5M | $13.9M | $13.9M | $15.1M | $5.8M | $5.3M | $4.6M | $4.3M | $4.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $6,898 | — | $2,598 | — | $2,598 | — | $20 | $11.5M | $20 | $11.2M | $10.9M | $10.6M |
| Retained earnings (deficit) | −$15.1M | −$15.1M | −$283,531 | −$283,531 | $133,277 | $133,277 | $4.5M | −$5.7M | $5.0M | −$4.5M | −$4.1M | −$3.5M |
| Accumulated other comprehensive income | −$41,439 | — | −$41,439 | — | −$41,439 | — | −$41,439 | — | −$41,439 | — | — | — |
| Minority interest | — | $125,157 | — | $125,133 | — | $123,523 | — | — | — | — | — | — |
| Total shareholders' equity | −$3.8M | −$3.8M | $10.9M | $10.9M | $10.7M | $10.7M | $12.4M | $5.8M | $12.8M | $6.7M | $6.8M | $7.1M |
| Key figures | ||||||||||||
| Total debt | $4.8M | — | $79,342 | — | $131,325 | — | $181,838 | $1.1M | $1.2M | $950,000 | $800,000 | $650,000 |
| Net cash (debt) | $9.1M | — | $6.9M | — | $8.0M | — | $8.4M | −$1.1M | −$1.1M | −$917,596 | $10.2M | $10.5M |
| Working capital | −$8.0M | −$8.0M | $9.8M | $9.8M | $10.6M | $10.6M | $12.2M | −$2.7M | −$2.1M | −$1.5M | $6.8M | $7.1M |
| Tangible book value | −$3.8M | −$3.8M | $10.9M | $10.9M | $10.7M | $10.7M | $12.4M | $5.8M | $12.8M | $6.7M | $6.8M | $7.1M |
| Book value per share | — | −$0.44 | — | $3.36 | — | $0.41 | $3.41 | $1.61 | $3.54 | $1.83 | $1.87 | $1.96 |
| Shares outstanding | — | 8.6M | — | 3.2M | — | 26.0M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M | 3.6M |
| Current ratio | 0.79 | 0.79 | 3.17 | 3.17 | 1.76 | 1.76 | 1.81 | 0.03 | 0.07 | 0.05 | 2.56 | 2.72 |
| Quick ratio | 0.73 | 0.64 | 2.81 | 2.73 | 1.60 | 1.52 | 1.62 | 0.00 | 9.46 | 0.02 | 2.55 | 2.69 |
| Debt / equity | — | — | 0.01 | — | 0.01 | — | 0.01 | 0.20 | 0.09 | 0.14 | 0.12 | 0.09 |
| Equity / assets | −10.9% | −10.9% | 70.1% | 70.1% | 43.3% | 43.3% | 44.9% | 50.2% | 111.6% | 59.2% | 61.0% | 63.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 30, 2026); data from EODHD.
PSIG financial position
At the end of fiscal 2025 (December 31, 2025), PS International had total assets of $34.5 million (up 40.0% from a year earlier), total liabilities of $38.2 million and shareholders' equity of -$3.8 million. It held $16.1 million in cash and short-term investments against $4.8 million of debt, a net cash position of $11.3 million. Its current ratio was 0.79. In the latest quarter (ended March 31, 2026) total assets were $34.5 million and equity -$3.8 million.
Related: PSIG income statement, PSIG cash flow statement, PSIG key metrics. See the PSIG stock overview for the latest quote and news.
PSIG balance sheet FAQ
What are PS International's total assets?
PS International reported total assets of $34.5 million at the end of fiscal 2025 (December 31, 2025), compared with $24.7 million a year earlier.
How much debt does PS International have?
PS International had $4.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does PS International have?
PS International held $16.1 million in cash and short-term investments at the end of fiscal 2025; with $4.8 million of debt that is net cash of $11.3 million.
What is PS International's book value?
PS International's shareholders' equity (book value) was -$3.8 million at the end of fiscal 2025, or −$0.94 per share.
What is PS International's current ratio?
PS International had current assets of $30.1 million and current liabilities of $38.1 million, a current ratio of 0.79 (current liabilities exceed current assets).