QTREX Quantum Ltd. (QTEX) Balance Sheet
QTEX balance sheet, 2025
December 31, 2025 · U.S. dollars$5.3M assets = $3.0M liabilities + $2.3M equity
Both columns are drawn to the same scale: what QTEX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
QTEX financial health
Descriptive bands, not a rating. Fiscal 2025.
QTEX balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $16.2M2022 | $5.3M2025 | −30.9%/yr | |
| Total liabilities | $2.5M2022 | $3.0M2025 | +6.0%/yr | |
| Shareholders’ equity | $13.6M2022 | $2.3M2025 | −44.6%/yr | |
| Cash & short-term investments | $6.8M2022 | $3.2M2025 | −22.5%/yr | |
| Working capital | $12.8M2022 | $1.6M2025 | −$11.2M | |
| Book value per share | $1.202022 | $0.062025 | −62.3%/yr | |
| Current ratio | 8.722022 | 1.562025 | −7.16 | |
| Shares outstanding | 11.3M2022 | 35.9M2025 | +46.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
QTEX assets
QTEX liabilities and equity
QTEX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
QTEX balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $3.2M | $5.8M | $7.4M | $6.8M |
| Cash & equivalents | $3.2M | $5.1M | $5.0M | $6.8M |
| Short-term investments | $0 | $668,000 | $2.3M | — |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $735,000 | $444,000 | $0 | $0 |
| Other current assets | $517,000 | $587,000 | $432,000 | $7.7M |
| Total current assets | $4.4M | $6.8M | $7.8M | $14.5M |
| Property, plant & equipment (net) | $930,000 | $1.3M | $1.5M | $1.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 |
| Total assets | $5.3M | $8.1M | $9.3M | $16.2M |
| Liabilities | ||||
| Accounts payable | $107,000 | $154,000 | $198,000 | $152,000 |
| Total current liabilities | $2.8M | $3.4M | $3.0M | $1.7M |
| Long-term debt | $0 | $0 | $0 | $398,000 |
| Lease obligations | $480,000 | $655,000 | $878,000 | $1.1M |
| Other long-term liabilities | $194,000 | $378,000 | $588,000 | $475,000 |
| Total liabilities | $3.0M | $3.7M | $3.6M | $2.5M |
| Shareholders' equity | ||||
| Retained earnings (deficit) | −$79.8M | −$66.6M | −$55.5M | −$44.2M |
| Total shareholders' equity | $2.3M | $4.3M | $5.7M | $13.6M |
| Key figures | ||||
| Total debt | — | — | — | $398,000 |
| Net cash (debt) | — | — | — | $6.4M |
| Working capital | $1.6M | $3.4M | $4.8M | $12.8M |
| Tangible book value | $2.3M | $4.3M | $5.7M | $13.6M |
| Book value per share | $0.06 | $0.18 | $0.37 | $1.20 |
| Shares outstanding | 35.9M | 24.3M | 15.7M | 11.3M |
| Current ratio | 1.56 | 2.02 | 2.61 | 8.72 |
| Quick ratio | 1.12 | 1.71 | 2.47 | 4.08 |
| Debt / equity | — | — | — | 0.03 |
| Equity / assets | 43.5% | 53.6% | 61.6% | 84.3% |
| Dec '25 | Dec '24 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $3.2M | $5.8M |
| Cash & equivalents | $3.2M | $5.1M |
| Short-term investments | $0 | $668,000 |
| Receivables | $0 | $0 |
| Inventory | $735,000 | $444,000 |
| Other current assets | $517,000 | $587,000 |
| Total current assets | $4.4M | $6.8M |
| Property, plant & equipment (net) | $930,000 | $1.3M |
| Goodwill & intangible assets | $0 | $0 |
| Long-term investments | $0 | $0 |
| Other non-current assets | $0 | $0 |
| Total assets | $5.3M | $8.1M |
| Liabilities | ||
| Accounts payable | $107,000 | $154,000 |
| Total current liabilities | $2.8M | $3.4M |
| Long-term debt | $0 | $0 |
| Lease obligations | $480,000 | $655,000 |
| Other long-term liabilities | $194,000 | $378,000 |
| Total liabilities | $3.0M | $3.7M |
| Shareholders' equity | ||
| Retained earnings (deficit) | −$79.8M | −$66.6M |
| Total shareholders' equity | $2.3M | $4.3M |
| Key figures | ||
| Working capital | $1.6M | $3.4M |
| Tangible book value | $2.3M | $4.3M |
| Book value per share | $0.06 | $0.18 |
| Shares outstanding | 35.9M | 24.3M |
| Current ratio | 1.56 | 2.02 |
| Quick ratio | 1.12 | 1.71 |
| Equity / assets | 43.5% | 53.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
QTEX financial position
At the end of fiscal 2025 (December 31, 2025), QTREX Quantum had total assets of $5.3 million (down 33.8% from a year earlier), total liabilities of $3.0 million and shareholders' equity of $2.3 million. Its current ratio was 1.56.
Related: QTEX income statement, QTEX cash flow statement, QTEX key metrics. See the QTEX stock overview for the latest quote and news.
QTEX balance sheet FAQ
What are QTREX Quantum's total assets?
QTREX Quantum reported total assets of $5.3 million at the end of fiscal 2025 (December 31, 2025), compared with $8.1 million a year earlier.
How much cash does QTREX Quantum have?
QTREX Quantum held $3.2 million in cash and short-term investments at the end of fiscal 2025.
What is QTREX Quantum's book value?
QTREX Quantum's shareholders' equity (book value) was $2.3 million at the end of fiscal 2025, or $0.06 per share.
What is QTREX Quantum's current ratio?
QTREX Quantum had current assets of $4.4 million and current liabilities of $2.8 million, a current ratio of 1.56 (it can cover its short-term obligations).