Top Win International Limited (SORA) Balance Sheet
SORA balance sheet, 2025
December 31, 2025 · U.S. dollars$5.1M assets = $2.3M liabilities + $2.8M equity
Both columns are drawn to the same scale: what SORA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SORA financial health
Descriptive bands, not a rating. Fiscal 2025.
SORA balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.0M2022 | $5.1M2025 | −5.2%/yr | |
| Total liabilities | $6.8M2022 | $2.3M2025 | −30.2%/yr | |
| Shareholders’ equity | −$789,6522022 | $2.8M2025 | — | |
| Cash & short-term investments | $806,6262022 | $2.5M2025 | +44.9%/yr | |
| Total debt | $5.9M2022 | $1.8M2025 | −32.3%/yr | |
| Net cash (debt) | −$5.0M2022 | $632,6292025 | +$5.7M | |
| Working capital | $1.8M2022 | $3.5M2025 | +$1.7M | |
| Book value per share | −$0.032022 | $0.112025 | — | |
| Current ratio | 1.572022 | 6.512025 | +4.94 | |
| Debt / equity | 3.772024 | 0.652025 | −3.12 | |
| Shares outstanding | 24.9M2022 | 24.7M2025 | −0.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SORA assets
SORA liabilities and equity
SORA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SORA balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $2.5M | $2.6M | $1.1M | $806,626 |
| Cash & equivalents | $188,139 | $2.6M | $1.1M | $806,626 |
| Short-term investments | $2.3M | $0 | — | — |
| Receivables | $724,231 | $28,889 | $563,144 | $363,290 |
| Inventory | $915,528 | $2.2M | $2.0M | $3.2M |
| Other current assets | $38,569 | $986,787 | $917,593 | $712,360 |
| Total current assets | $4.1M | $5.8M | $4.6M | $5.0M |
| Property, plant & equipment (net) | $107,017 | $1,025 | $2,228 | $3,949 |
| Goodwill & intangible assets | $347,265 | $0 | $0 | $0 |
| Long-term investments | $3.5M | $0 | $817,470 | $802,191 |
| Other non-current assets | $0 | $799,291 | $150,215 | $147,311 |
| Total assets | $5.1M | $6.6M | $5.6M | $6.0M |
| Liabilities | ||||
| Accounts payable | $447,239 | $61,791 | $277,500 | $243,796 |
| Short-term debt | $150,742 | $2.0M | $2.4M | $2.3M |
| Deferred revenue | $3,163 | — | $14,515 | $107,960 |
| Total current liabilities | $634,250 | $2.0M | $2.7M | $3.2M |
| Long-term debt | $13.0M | $3.2M | $3.4M | $3.6M |
| Other long-term liabilities | $0 | $0 | $0 | $0 |
| Total liabilities | $2.3M | $5.3M | $6.2M | $6.8M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $1,597 | $11,100 | $10,000 | $10,000 |
| Retained earnings (deficit) | $1.5M | −$638,380 | −$596,161 | −$792,888 |
| Accumulated other comprehensive income | −$1,295 | $377 | $3,367 | $1,954 |
| Total shareholders' equity | $2.8M | $1.4M | −$591,512 | −$789,652 |
| Key figures | ||||
| Total debt | $1.8M | $5.2M | $5.8M | $5.9M |
| Net cash (debt) | $632,629 | −$2.5M | −$4.7M | −$5.0M |
| Working capital | $3.5M | $3.8M | $1.9M | $1.8M |
| Tangible book value | $2.5M | $1.4M | −$591,512 | −$789,652 |
| Book value per share | $0.11 | $0.07 | −$0.02 | −$0.03 |
| Shares outstanding | 24.7M | 20.6M | 24.9M | 24.9M |
| Current ratio | 6.51 | 2.87 | 1.67 | 1.57 |
| Quick ratio | 5.01 | 1.32 | 0.61 | 0.37 |
| Debt / equity | 0.65 | 3.77 | — | — |
| Equity / assets | 54.9% | 20.7% | −10.6% | −13.2% |
| Sep '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 | $2.4M | $2.5M | $19.1M | $5.6M | $5.6M | $2.6M | $2.6M | $2.6M | $1.7M | $1.7M | $1.1M | $1.1M |
| Cash & equivalents | $167,564 | $188,139 | $1.5M | $5.6M | $5.6M | $2.6M | $2.6M | $2.6M | $1.7M | $1.7M | $1.1M | $1.1M |
| Short-term investments | $2.2M | $2.3M | $17.6M | — | — | — | $0 | — | — | — | — | — |
| Receivables | $732,376 | $724,231 | $42,945 | $2.8M | $17,695 | $28,889 | $28,889 | $0 | $91,620 | $61 | $563,144 | $142,460 |
| Inventory | $424,427 | $915,528 | $7.1M | $3.3M | $3.3M | $2.2M | $2.2M | $2.2M | $1.3M | $1.3M | $2.0M | $2.0M |
| Other current assets | $170,618 | $38,569 | $5.9M | $1.6M | $4.4M | $986,787 | $986,787 | $1.0M | $452,135 | $543,694 | $917,593 | $1.3M |
| Total current assets | $3.7M | $4.1M | $32.1M | $13.3M | $13.3M | $5.8M | $5.8M | $5.8M | $3.5M | $3.5M | $4.6M | $4.6M |
| Property, plant & equipment (net) | $90,753 | $107,017 | $832,970 | $5,154 | $5,154 | $1,025 | $1,025 | $1,025 | $1,613 | $1,613 | $2,228 | $2,228 |
| Goodwill & intangible assets | $224,293 | $347,265 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $3.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $817,470 | $0 |
| Other non-current assets | $717,060 | $519,100 | $3.3M | $899,273 | $899,273 | $799,291 | $799,291 | $799,291 | $533,884 | $533,884 | $150,215 | $967,685 |
| Total assets | $4.7M | $5.1M | $39.7M | $14.2M | $14.2M | $6.6M | $6.6M | $6.6M | $4.0M | $4.0M | $5.6M | $5.6M |
| Liabilities | ||||||||||||
| Accounts payable | $99,522 | $447,239 | $3.5M | $62,037 | $62,037 | $61,791 | $61,791 | $61,791 | $244,380 | $244,380 | $277,500 | $277,500 |
| Short-term debt | $79,951 | $150,742 | — | $2.2M | — | $2.0M | $2.0M | $2.0M | $1.1M | $1.1M | $2.4M | $2.4M |
| Deferred revenue | $2,583 | $3,163 | — | $1,912 | — | — | — | — | $61,762 | — | $14,515 | — |
| Total current liabilities | $216,018 | $634,250 | $4.9M | $2.3M | $2.3M | $2.0M | $2.0M | $2.0M | $1.5M | $1.5M | $2.7M | $2.7M |
| Long-term debt | $0 | $0 | $13.0M | $0 | $3.0M | $0 | $3.2M | $0 | $3.3M | $0 | $3.4M | $0 |
| Other long-term liabilities | $1.8M | $1.7M | $0 | $3.0M | $0 | $3.2M | $0 | $3.2M | $0 | $3.3M | $0 | $3.4M |
| Total liabilities | $2.0M | $2.3M | $17.9M | $5.3M | $5.3M | $5.3M | $5.3M | $5.3M | $4.8M | $4.8M | $6.2M | $6.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,585 | $1,597 | — | $12,432 | — | $11,100 | $11,100 | $11,100 | $10,000 | $10,000 | $10,000 | $10,000 |
| Retained earnings (deficit) | $1.4M | $1.5M | $11.7M | −$1.2M | −$1.2M | −$638,380 | −$638,380 | −$638,380 | −$814,284 | −$814,284 | −$596,161 | −$596,161 |
| Accumulated other comprehensive income | −$6,185 | −$1,295 | — | −$23,266 | — | $377 | $377 | $377 | $2,869 | −$7,131 | $3,367 | −$6,633 |
| Total shareholders' equity | $2.7M | $2.8M | $21.8M | $8.9M | $8.9M | $1.4M | $1.4M | $1.4M | −$810,133 | −$810,133 | −$591,512 | −$591,512 |
| Key figures | ||||||||||||
| Total debt | $1.9M | $1.8M | $13.0M | $5.2M | $3.0M | $5.2M | $5.2M | $5.2M | $4.5M | $4.5M | $5.8M | $5.8M |
| Net cash (debt) | $468,840 | $632,629 | $6.1M | $395,719 | $2.6M | −$2.5M | −$2.5M | −$2.5M | −$2.8M | −$2.8M | −$4.7M | −$4.7M |
| Working capital | $3.5M | $3.5M | $27.2M | $11.1M | $11.1M | $3.8M | $3.8M | $3.8M | $2.0M | $2.0M | $1.9M | $1.9M |
| Tangible book value | $2.5M | $2.5M | $21.8M | $8.9M | $8.9M | $1.4M | $1.4M | $1.4M | −$810,133 | −$810,133 | −$591,512 | −$591,512 |
| Book value per share | $0.11 | $0.11 | $0.88 | $0.38 | $0.36 | $0.06 | $0.06 | $0.06 | −$0.04 | −$0.04 | −$0.03 | −$0.03 |
| Shares outstanding | 24.9M | 24.9M | 24.9M | 23.5M | 24.9M | 21.3M | 21.3M | 21.3M | 20.0M | 20.0M | 20.0M | 20.0M |
| Current ratio | 17.06 | 6.51 | 6.51 | 5.85 | 5.85 | 2.87 | 2.87 | 2.87 | 2.29 | 2.29 | 1.67 | 1.67 |
| Quick ratio | 14.30 | 5.01 | 3.87 | 3.69 | 2.46 | 1.32 | 1.32 | 1.30 | 1.15 | 1.09 | 0.61 | 0.46 |
| Debt / equity | 0.70 | 0.65 | 0.60 | 0.58 | 0.34 | 3.77 | 3.77 | 3.77 | — | — | — | — |
| Equity / assets | 57.1% | 54.9% | 54.9% | 62.7% | 62.7% | 20.7% | 20.7% | 20.7% | −20.2% | −20.2% | −10.6% | −10.6% |
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.
SORA financial position
At the end of fiscal 2025 (December 31, 2025), Top Win International had total assets of $5.1 million (down 23.0% from a year earlier), total liabilities of $2.3 million and shareholders' equity of $2.8 million. It held $2.5 million in cash and short-term investments against $1.8 million of debt, a net cash position of $0.6 million. Its current ratio was 6.51. In the latest quarter (ended September 30, 2026) total assets were $4.7 million and equity $2.7 million.
Related: SORA income statement, SORA cash flow statement, SORA key metrics. See the SORA stock overview for the latest quote and news.
SORA balance sheet FAQ
What are Top Win International's total assets?
Top Win International reported total assets of $5.1 million at the end of fiscal 2025 (December 31, 2025), compared with $6.6 million a year earlier.
How much debt does Top Win International have?
Top Win International had $1.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.65.
How much cash does Top Win International have?
Top Win International held $2.5 million in cash and short-term investments at the end of fiscal 2025; with $1.8 million of debt that is net cash of $0.6 million.
What is Top Win International's book value?
Top Win International's shareholders' equity (book value) was $2.8 million at the end of fiscal 2025, or $0.11 per share.
What is Top Win International's current ratio?
Top Win International had current assets of $4.1 million and current liabilities of $0.6 million, a current ratio of 6.51 (it can cover its short-term obligations).
How much goodwill does Top Win International have?
Top Win International carried $0.3 million of goodwill and intangible assets, 6.8% of total assets, at the end of fiscal 2025.