Sentage Holdings Inc. (SNTG) Balance Sheet

NASDAQ: SNTGAssets, liabilities, debt and equity over 8 years.

SNTG balance sheet, 2025

December 31, 2025 · U.S. dollars

$9.9M assets = $2.0M liabilities + $7.9M equity

Both columns are drawn to the same scale: what SNTG owns equals what it owes plus shareholders’ equity. Hover a block for its value.

SNTG financial health

Current ratio9.36

Comfortable · current assets cover current liabilities 9.36×

Debt / equity0.22

Low leverage · $0.22 of debt for each $1 of equity

Equity / assets79.8%

Equity-funded · of assets funded by shareholders

Cash / debt28.5%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles0.4%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

SNTG balance sheet trends, 2018–2025

Sentage Holdings Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$2.2M2018	$9.9M2025	+24.0%/yr
Total liabilities	$6.0M2018	$2.0M2025	−14.5%/yr
Shareholders’ equity	−$3.8M2018	$7.9M2025	—
Cash & short-term investments	$142,7152018	$503,3742025	+19.7%/yr
Total debt	$929,1252018	$1.8M2025	+9.6%/yr
Net cash (debt)	−$786,4102018	−$1.3M2025	−$474,188
Working capital	−$4.4M2018	$548,6842025	+$5.0M
Book value per share	−$1.352018	$2.812025	—
Current ratio	0.122018	9.362025	+9.24
Debt / equity	1.692020	0.222025	−1.46
Shares outstanding	2.8M2018	2.8M2025	+0.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

SNTG assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

SNTG liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

SNTG debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

SNTG balance sheet

Sentage Holdings Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018
Assets
Cash & short-term investments	$503,374	$1.3M	$2.3M	$3.8M	$10.8M	$117,434	$227,387	$142,715
Cash & equivalents	$503,374	$1.3M	$2.3M	$3.8M	$10.8M	$117,434	$227,387	$142,715
Receivables	$110,903	$1.0M	$9.4M	$10.5M	$6.4M	$1.6M	$623,131	$385,222
Inventory	$0	$0	−$9.1M	$48,710	$0	$3,369	$52,536	$21,550
Other current assets	$0	$36,410	$9.1M	$23,089	$95,440	$800,828	$33,039	$57,601
Total current assets	$614,277	$2.3M	$11.7M	$14.3M	$17.2M	$2.5M	$936,093	$607,088
Property, plant & equipment (net)	$112,590	$199,472	$137,411	$215,293	$120,280	$123,672	$128,835	$144,869
Goodwill & intangible assets	$40,384	$51,957	$66,859	$89,475	$30,547	$61,797	$98,022	$142,251
Long-term investments	$9.1M	$9.1M	$1.0M	$0	$0	$0	$0	$0
Other non-current assets	$37,054	$11,987	$12,324	$12,686	$13,724	$87,967	$669,125	$1.3M
Total assets	$9.9M	$11.7M	$12.9M	$14.7M	$17.4M	$2.8M	$1.8M	$2.2M
Liabilities
Accounts payable	$6,076	$5,821	$5,985	$8,647	$2,743	$4,912	$4,605	$2,543
Short-term debt	$65,593	$83,757	$72,230	$87,129	—	—	—	—
Deferred revenue	$20,037	$17,830	$23,410	$20,592	$27,615	$174,522	$1.2M	$4.8M
Total current liabilities	$65,593	$314,559	$335,010	$404,777	$382,734	$495,485	$1.4M	$5.0M
Long-term debt	$0	$0	$0	$4,709	$161,020	$1.4M	$1.2M	$929,125
Lease obligations	$65,593	$146,599	$72,230	$161,513	$0	—	—	—
Other long-term liabilities	$1.9M	$1.1M	$344,235	$74,384	$0	$0	$0	$0
Total liabilities	$2.0M	$1.5M	$679,245	$483,870	$543,754	$1.9M	$2.6M	$6.0M
Shareholders' equity
Common stock & paid-in capital	$14,027	$14,027	$14,027	$14,027	$14,000	$10,000	$10,000	$10,000
Retained earnings (deficit)	−$47.6M	−$45.4M	−$43.4M	−$41.5M	−$38.9M	−$37.6M	−$39.2M	−$41.1M
Accumulated other comprehensive income	$187,359	$253,296	$251,857	$293,650	$379,733	$60,995	$24,000	−$9,569
Total shareholders' equity	$7.9M	$10.2M	$12.2M	$14.2M	$16.8M	$851,442	−$772,926	−$3.8M
Key figures
Total debt	$1.8M	$1.2M	$416,465	$166,222	$161,020	$1.4M	$1.2M	$929,125
Net cash (debt)	−$1.3M	$34,885	$1.8M	$3.6M	$10.6M	−$1.3M	−$982,304	−$786,410
Working capital	$548,684	$2.0M	$11.4M	$13.9M	$16.8M	$2.0M	−$459,217	−$4.4M
Tangible book value	$7.8M	$10.2M	$12.2M	$14.1M	$16.8M	$789,645	−$870,948	−$3.9M
Book value per share	$2.81	$3.65	$5.15	$5.96	$7.08	$0.28	−$0.26	−$1.35
Shares outstanding	2.8M	2.8M	2.4M	2.4M	2.4M	3.0M	3.0M	2.8M
Current ratio	9.36	7.45	34.90	35.43	44.95	5.07	0.67	0.12
Quick ratio	9.36	7.33	34.74	35.25	44.70	3.45	0.61	0.10
Debt / equity	0.22	0.12	0.03	0.01	0.01	1.69	—	—
Equity / assets	79.8%	87.6%	94.7%	96.7%	96.9%	30.6%	−42.2%	−173.3%

Sentage Holdings Inc. quarterly balance sheet
	Mar '26	Dec '25	Jun '25	Mar '25	Dec '24	Jun '24	Mar '24	Dec '23	Sep '23	Jun '23	Mar '23	Dec '22
Assets
Cash & short-term investments	$503,374	$477,624	$750,990	$1.3M	$1.3M	$1.6M	$2.3M	$2.3M	$2.7M	$2.7M	$3.8M	$3.8M
Cash & equivalents	$503,374	$477,624	$750,990	$1.3M	$1.3M	$1.6M	$2.3M	$2.3M	$2.7M	$2.7M	$3.8M	$3.8M
Receivables	$110,903	$75,074	$52,873	$1.0M	$51,890	$132,049	$9.4M	$284,628	$398,549	$5.9M	$10.5M	$10.5M
Inventory	$0	$0	$0	$0	$0	$0	−$9.1M	$0	$19,850	$19,850	$14.4M	$0
Other current assets	$0	$86,121	$1.0M	$36,410	$1.0M	$6.7M	$9.1M	$9.1M	$10.0M	$4.5M	$0	$71,799
Total current assets	$614,277	$638,819	$1.8M	$2.3M	$2.3M	$8.5M	$11.7M	$11.7M	$13.1M	$13.1M	$14.3M	$14.3M
Property, plant & equipment (net)	$112,590	$112,590	$170,208	$199,472	$199,472	$86,528	$137,411	$137,411	$178,870	$178,870	$215,293	$215,293
Goodwill & intangible assets	$40,384	$40,384	$45,662	$51,957	$51,957	$58,702	$66,859	$66,859	$76,014	$76,014	$89,475	$89,475
Long-term investments	$0	$9.1M	$9.1M	$0	$9.1M	$3.5M	$0	$1.0M	$0	$0	$0	$0
Other non-current assets	$9.1M	$12,512	$12,215	$9.1M	$11,987	$12,040	$1.0M	$12,324	$12,067	$12,067	$12,686	$12,686
Total assets	$9.9M	$9.9M	$11.1M	$11.7M	$11.7M	$12.1M	$12.9M	$12.9M	$13.4M	$13.4M	$14.7M	$14.7M
Liabilities
Accounts payable	$6,076	$6,076	$5,931	$5,821	$5,821	$5,847	$5,985	$5,985	$8,225	$8,225	$8,647	$8,647
Short-term debt	$65,593	—	$86,891	$83,757	—	$23,802	$72,230	—	$84,820	$84,820	$87,129	$87,129
Deferred revenue	$20,037	—	—	$17,830	—	—	$23,410	—	$23,410	—	$20,592	$20,592
Total current liabilities	$65,593	$297,967	$313,092	$314,559	$314,559	$267,139	$335,010	$335,010	$304,921	$304,921	$404,777	$404,777
Long-term debt	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$4,709
Lease obligations	—	$65,593	$103,043	—	$146,599	$23,802	—	$72,230	—	$108,678	—	$161,513
Other long-term liabilities	$1.9M	$1.7M	$1.4M	$1.1M	$1.1M	$782,364	$344,235	$344,235	$23,858	$23,858	$79,093	$74,384
Total liabilities	$2.0M	$2.0M	$1.7M	$1.5M	$1.5M	$1.0M	$679,245	$679,245	$328,779	$328,779	$483,870	$483,870
Shareholders' equity
Common stock & paid-in capital	$14,027	—	$14,027	$14,027	—	$14,027	$14,027	—	$14,027	$14,027	$14,027	$14,027
Retained earnings (deficit)	−$47.6M	−$47.6M	−$46.2M	−$45.4M	−$45.4M	−$44.3M	−$43.4M	−$43.4M	−$42.5M	−$42.5M	−$41.5M	−$41.5M
Accumulated other comprehensive income	$187,359	—	$239,466	$253,296	—	$78,254	$251,857	—	$236,594	$236,594	$293,650	$293,650
Total shareholders' equity	$7.9M	$7.9M	$9.4M	$10.2M	$10.2M	$11.1M	$12.2M	$12.2M	$13.0M	$13.0M	$14.2M	$14.2M
Key figures
Total debt	$1.8M	—	$1.5M	$1.2M	—	$806,166	$416,465	—	$108,678	$108,678	$166,222	$166,222
Net cash (debt)	−$1.3M	—	−$746,549	$34,885	—	$809,559	$1.8M	—	$2.6M	$2.6M	$3.6M	$3.6M
Working capital	$548,684	$340,852	$1.5M	$2.0M	$2.0M	$8.2M	$11.4M	$11.4M	$12.8M	$12.8M	$13.9M	$13.9M
Tangible book value	$7.8M	$7.8M	$9.4M	$10.2M	$10.2M	$11.0M	$12.2M	$12.2M	$13.0M	$13.0M	$14.1M	$14.1M
Book value per share	$2.81	$2.81	$3.96	$3.65	$3.65	$4.67	$4.36	$4.36	$4.65	$5.48	$2.98	$5.05
Shares outstanding	2.8M	2.8M	2.4M	2.8M	2.8M	2.4M	2.8M	2.8M	2.8M	2.4M	4.8M	2.8M
Current ratio	9.36	2.14	5.86	7.45	7.45	31.78	34.90	34.90	42.95	42.95	35.43	35.43
Quick ratio	9.36	1.85	2.57	7.33	4.16	6.54	34.74	7.60	10.24	28.28	35.25	35.25
Debt / equity	0.22	—	0.16	0.12	—	0.07	0.03	—	0.01	0.01	0.01	0.01
Equity / assets	79.8%	79.8%	84.5%	87.6%	87.6%	91.4%	94.7%	94.7%	97.5%	97.5%	96.7%	96.7%

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.

SNTG financial position

At the end of fiscal 2025 (December 31, 2025), Sentage had total assets of $9.9 million (down 15.4% from a year earlier), total liabilities of $2.0 million and shareholders' equity of $7.9 million. It held $0.5 million in cash and short-term investments against $1.8 million of debt, net debt of $1.3 million. Its current ratio was 9.36. In the latest quarter (ended March 31, 2026) total assets were $9.9 million and equity $7.9 million.

Related: SNTG income statement, SNTG cash flow statement, SNTG key metrics. See the SNTG stock overview for the latest quote and news.

SNTG balance sheet FAQ

What are Sentage's total assets?

Sentage reported total assets of $9.9 million at the end of fiscal 2025 (December 31, 2025), compared with $11.7 million a year earlier.

How much debt does Sentage have?

Sentage had $1.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.22.

How much cash does Sentage have?

Sentage held $0.5 million in cash and short-term investments at the end of fiscal 2025; with $1.8 million of debt that is net debt of $1.3 million.

What is Sentage's book value?

Sentage's shareholders' equity (book value) was $7.9 million at the end of fiscal 2025, or $2.81 per share.

What is Sentage's current ratio?

Sentage had current assets of $0.6 million and current liabilities of $0.1 million, a current ratio of 9.36 (it can cover its short-term obligations).

How much goodwill does Sentage have?

Sentage carried $0.0 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.