Pyxis Tankers Inc. (PXS) Balance Sheet
PXS balance sheet, 2025
December 31, 2025 · U.S. dollars$193.4M assets = $92.0M liabilities + $101.4M equity
Both columns are drawn to the same scale: what PXS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
PXS financial health
Descriptive bands, not a rating. Fiscal 2025.
PXS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $130.7M2016 | $193.4M2025 | +4.4%/yr | |
| Total liabilities | $82.0M2016 | $92.0M2025 | +1.3%/yr | |
| Shareholders’ equity | $48.8M2016 | $95.2M2025 | +7.7%/yr | |
| Cash & short-term investments | $783,0002016 | $53.6M2025 | +59.9%/yr | |
| Total debt | $75.9M2016 | $87.2M2025 | +1.6%/yr | |
| Net cash (debt) | −$75.1M2016 | −$33.7M2025 | +$41.5M | |
| Working capital | −$8.7M2016 | $43.9M2025 | +$52.6M | |
| Book value per share | $10.672016 | $9.132025 | −1.7%/yr | |
| Current ratio | 0.332016 | 4.452025 | +4.12 | |
| Debt / equity | 1.562016 | 0.922025 | −0.64 | |
| Shares outstanding | 4.6M2016 | 10.4M2025 | +9.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PXS assets
PXS liabilities and equity
PXS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
PXS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $53.6M | $38.2M | $54.5M | $7.6M | $6.2M | $1.6M | $1.4M | $545,000 | $1.7M | $783,000 |
| Cash & equivalents | $35.6M | $21.2M | $34.5M | $7.6M | $6.2M | $1.6M | $1.4M | $545,000 | $1.7M | $783,000 |
| Short-term investments | $18.0M | $17.0M | $20.0M | $0 | — | — | — | — | $141,000 | $143,000 |
| Receivables | $2.0M | $5.3M | $5.2M | $11.1M | $1.7M | $3.0M | $1.2M | $2.6M | $703,000 | $1.7M |
| Inventory | $536,000 | $1.9M | $957,000 | $1.9M | $1.6M | $681,000 | $501,000 | $807,000 | $1.0M | $1.2M |
| Other current assets | $552,000 | $706,000 | $226,000 | $580,000 | $9.6M | $133,000 | $14.1M | $370,000 | $483,000 | $547,000 |
| Total current assets | $56.6M | $46.1M | $60.9M | $21.1M | $19.1M | $5.4M | $17.2M | $4.3M | $3.9M | $4.2M |
| Property, plant & equipment (net) | $133.3M | $140.0M | $101.9M | $114.2M | $119.7M | $83.8M | $87.5M | $108.0M | $115.8M | $121.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.4M | $2.7M | $3.5M | $3.7M | $3.7M | $4.0M | $4.0M | $4.3M | $5.1M | $5.2M |
| Total assets | $193.4M | $188.9M | $166.3M | $139.0M | $142.6M | $93.2M | $108.8M | $116.6M | $124.8M | $130.7M |
| Liabilities | ||||||||||
| Accounts payable | $1.5M | $2.1M | $1.7M | $2.6M | $3.1M | $3.6M | $4.5M | $4.7M | $2.3M | $3.1M |
| Short-term debt | $8.0M | $7.6M | $5.6M | $5.8M | $11.7M | $3.3M | $9.0M | $4.3M | $7.3M | $6.8M |
| Deferred revenue | $597,000 | $111,000 | $1.2M | $2.1M | — | $726,000 | $1.4M | $422,000 | — | $2.5M |
| Total current liabilities | $12.7M | $12.3M | $10.1M | $12.6M | $22.8M | $8.3M | $22.5M | $13.5M | $12.5M | $12.9M |
| Long-term debt | $79.3M | $77.0M | $55.4M | $65.0M | $70.9M | $55.3M | $54.2M | $63.1M | $64.1M | $69.1M |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $92.0M | $89.2M | $65.5M | $77.6M | $93.7M | $63.6M | $76.8M | $76.7M | $76.7M | $82.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $10,000 | $11,000 | $11,000 | $42,000 | $42,000 | $22,000 | $21,000 | $21,000 | $21,000 | $18,000 |
| Retained earnings (deficit) | −$2.7M | −$4.7M | −$14.3M | −$50.5M | −$63.0M | −$50.2M | −$43.2M | −$34.8M | −$26.6M | −$21.4M |
| Accumulated other comprehensive income | — | $0 | $0 | — | — | $0 | −$21.0M | −$26.3M | $0 | $0 |
| Minority interest | $6.2M | $6.3M | $4.3M | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $95.2M | $93.4M | $96.5M | $61.4M | $48.9M | $29.6M | $32.0M | $39.9M | $48.2M | $48.8M |
| Key figures | ||||||||||
| Total debt | $87.2M | $84.5M | $61.0M | $70.9M | $82.6M | $58.6M | $63.2M | $67.5M | $71.4M | $75.9M |
| Net cash (debt) | −$33.7M | −$46.3M | −$6.4M | −$63.3M | −$76.4M | −$57.0M | −$61.8M | −$66.9M | −$69.7M | −$75.1M |
| Working capital | $43.9M | $33.9M | $50.8M | $8.6M | −$3.7M | −$2.9M | −$5.3M | −$9.2M | −$8.6M | −$8.7M |
| Tangible book value | $95.2M | $93.4M | $96.5M | $61.4M | $48.9M | $29.6M | $32.0M | $39.9M | $48.2M | $48.8M |
| Book value per share | $9.13 | $8.87 | $7.67 | $4.86 | $5.06 | $4.66 | $6.02 | $7.65 | $10.43 | $10.67 |
| Shares outstanding | 10.4M | 10.5M | 12.6M | 12.6M | 9.6M | 6.3M | 5.3M | 5.2M | 4.6M | 4.6M |
| Current ratio | 4.45 | 3.76 | 6.04 | 1.68 | 0.84 | 0.65 | 0.76 | 0.32 | 0.31 | 0.33 |
| Quick ratio | 4.36 | 3.55 | 5.92 | 1.48 | 0.35 | 0.55 | 0.12 | 0.23 | 0.19 | 0.19 |
| Debt / equity | 0.92 | 0.91 | 0.63 | 1.15 | 1.69 | 1.98 | 1.98 | 1.69 | 1.48 | 1.56 |
| Equity / assets | 49.2% | 49.4% | 58.0% | 44.2% | 34.3% | 31.7% | 29.4% | 34.3% | 38.6% | 37.3% |
| 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 | $58.2M | $54.4M | $53.6M | $42.9M | $41.4M | $40.2M | $38.2M | $42.4M | $42.4M | $46.8M | $54.5M | $31.8M |
| Cash & equivalents | $58.2M | $26.4M | $35.6M | $28.9M | $27.4M | $23.2M | $21.2M | $25.4M | $25.4M | $24.3M | $34.5M | $31.8M |
| Short-term investments | $0 | $28.0M | $18.0M | $14.0M | $14.0M | $17.0M | $17.0M | $17.0M | $17.0M | $22.5M | $20.0M | — |
| Receivables | $3.4M | $3.1M | $2.0M | $1.3M | $2.8M | $5.0M | $5.3M | $9.3M | $5.2M | $4.2M | $5.2M | $2.4M |
| Inventory | $554,999 | $501,000 | $536,000 | $542,000 | $1.4M | $1.3M | $1.9M | $1.0M | $2.1M | $2.9M | $957,000 | $1.8M |
| Other current assets | $578,002 | $1.1M | $552,000 | $226,000 | $393,000 | $761,000 | $706,000 | $621,000 | $1.4M | $535,000 | $226,000 | $1.1M |
| Total current assets | $62.6M | $59.0M | $56.6M | $44.9M | $46.1M | $47.2M | $46.1M | $53.3M | $51.1M | $54.5M | $60.9M | $37.0M |
| Property, plant & equipment (net) | $129.6M | $131.5M | $133.3M | $135.2M | $136.7M | $138.5M | $140.2M | $141.9M | $143.8M | $124.5M | $101.9M | $123.5M |
| 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 | $3.1M | $3.3M | $3.4M | $3.6M | $3.8M | $3.2M | $2.6M | $2.7M | $3.7M | $3.8M | $3.5M | $3.3M |
| Total assets | $195.4M | $193.7M | $193.4M | $183.8M | $186.6M | $188.9M | $188.9M | $198.0M | $198.6M | $182.7M | $166.3M | $163.8M |
| Liabilities | ||||||||||||
| Accounts payable | $1.6M | $650,000 | $1.5M | $1.7M | $2.1M | $2.8M | $2.1M | $1.5M | $1.9M | $1.6M | $1.7M | $2.9M |
| Short-term debt | $8.0M | $8.0M | $8.0M | $7.6M | $7.6M | $7.6M | $7.6M | $7.6M | $7.6M | $6.5M | $5.6M | $7.0M |
| Deferred revenue | $1.9M | $1.9M | $597,000 | — | $1.3M | $713,000 | $111,000 | — | $877,000 | $848,000 | $1.2M | $2.7M |
| Total current liabilities | $13.3M | $13.0M | $12.7M | $13.1M | $15.3M | $13.9M | $12.3M | $11.3M | $12.9M | $11.3M | $10.1M | $14.7M |
| Long-term debt | $75.2M | $77.2M | $79.3M | $71.3M | $73.2M | $75.1M | $77.0M | $78.9M | $80.8M | $67.3M | $55.4M | $69.4M |
| Other long-term liabilities | $54,999 | $168,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $88.5M | $90.4M | $92.0M | $84.4M | $88.5M | $89.0M | $89.2M | $90.2M | $93.7M | $78.6M | $65.5M | $84.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $11,000 | $11,000 | $11,000 | $11,000 | $11,000 | $11,000 | $11,000 |
| Retained earnings (deficit) | $2.6M | −$254,000 | −$2.7M | −$4.7M | −$5.9M | −$3.9M | −$4.7M | −$2.3M | −$5.8M | −$10.8M | −$14.3M | −$35.9M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $0 | — | — | $0 | — | — |
| Minority interest | $7.1M | $6.3M | $6.2M | $6.1M | $6.1M | — | — | — | — | — | — | — |
| Total shareholders' equity | $99.7M | $97.0M | $95.2M | $93.3M | $92.0M | $93.9M | $93.4M | $101.3M | $98.2M | $99.8M | $96.5M | $75.4M |
| Key figures | ||||||||||||
| Total debt | $83.2M | $85.3M | $87.2M | $78.9M | $80.7M | $82.6M | $84.5M | $86.4M | $88.5M | $73.8M | $61.0M | $76.4M |
| Net cash (debt) | −$25.1M | −$31.0M | −$33.7M | −$36.0M | −$39.3M | −$42.4M | −$46.3M | −$44.0M | −$46.1M | −$27.0M | −$6.4M | −$44.6M |
| Working capital | $49.4M | $46.0M | $43.9M | $31.9M | $30.8M | $33.3M | $33.9M | $42.0M | $38.2M | $43.2M | $50.8M | $22.3M |
| Tangible book value | $99.7M | $97.0M | $95.2M | $93.3M | $92.0M | $93.9M | $93.4M | $101.3M | $98.2M | $99.8M | $96.5M | $75.4M |
| Book value per share | $9.74 | $9.38 | $9.12 | $8.90 | $8.84 | $9.01 | $8.84 | $8.49 | $8.12 | $8.10 | $7.79 | $6.00 |
| Shares outstanding | 10.2M | 10.3M | 10.4M | 10.5M | 10.4M | 10.4M | 10.6M | 11.9M | 12.1M | 12.3M | 12.4M | 12.6M |
| Current ratio | 4.72 | 4.53 | 4.45 | 3.43 | 3.02 | 3.40 | 3.76 | 4.71 | 3.98 | 4.82 | 6.04 | 2.52 |
| Quick ratio | 4.64 | 4.41 | 4.36 | 3.37 | 2.90 | 3.25 | 3.55 | 4.56 | 3.71 | 4.51 | 5.92 | 2.32 |
| Debt / equity | 0.83 | 0.88 | 0.92 | 0.85 | 0.88 | 0.88 | 0.91 | 0.85 | 0.90 | 0.74 | 0.63 | 1.01 |
| Equity / assets | 51.0% | 50.1% | 49.2% | 50.8% | 49.3% | 49.7% | 49.4% | 51.2% | 49.4% | 54.6% | 58.0% | 46.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 1, 2026); data from EODHD.
PXS financial position
At the end of fiscal 2025 (December 31, 2025), Pyxis Tankers had total assets of $193.4 million (up 2.4% from a year earlier), total liabilities of $92.0 million and shareholders' equity of $95.2 million. It held $53.6 million in cash and short-term investments against $87.2 million of debt, net debt of $33.7 million. Its current ratio was 4.45. In the latest quarter (ended June 30, 2026) total assets were $195.4 million and equity $99.7 million.
Related: PXS income statement, PXS cash flow statement, PXS key metrics. See the PXS stock overview for the latest quote and news.
PXS balance sheet FAQ
What are Pyxis Tankers's total assets?
Pyxis Tankers reported total assets of $193.4 million at the end of fiscal 2025 (December 31, 2025), compared with $188.9 million a year earlier.
How much debt does Pyxis Tankers have?
Pyxis Tankers had $87.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.92.
How much cash does Pyxis Tankers have?
Pyxis Tankers held $53.6 million in cash and short-term investments at the end of fiscal 2025; with $87.2 million of debt that is net debt of $33.7 million.
What is Pyxis Tankers's book value?
Pyxis Tankers's shareholders' equity (book value) was $95.2 million at the end of fiscal 2025, or $9.13 per share.
What is Pyxis Tankers's current ratio?
Pyxis Tankers had current assets of $56.6 million and current liabilities of $12.7 million, a current ratio of 4.45 (it can cover its short-term obligations).