Sow Good Inc. (SOWG) Balance Sheet
SOWG balance sheet, 2025
December 31, 2025 · U.S. dollars$3.8M assets = $6.3M liabilities + −$2.6M equity
Liabilities exceed assets: shareholders’ equity is negative (−$2.6M).
Both columns are drawn to the same scale: what SOWG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SOWG financial health
Descriptive bands, not a rating. Fiscal 2025.
SOWG balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $235,1982016 | $3.8M2025 | +36.1%/yr | |
| Total liabilities | $36,5612016 | $6.3M2025 | +77.3%/yr | |
| Shareholders’ equity | $198,6372016 | −$2.6M2025 | — | |
| Cash & short-term investments | $66,2692016 | $1.5M2025 | +41.2%/yr | |
| Total debt | $1.7M2020 | $1.6M2025 | −1.6%/yr | |
| Net cash (debt) | $490,4832020 | −$95,1462025 | −$585,629 | |
| Working capital | $117,3652016 | −$2.8M2025 | −$2.9M | |
| Current ratio | 4.212016 | 0.552025 | −3.66 | |
| Debt / equity | 0.172020 | 0.642024 | +0.47 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SOWG assets
SOWG liabilities and equity
SOWG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SOWG balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.5M | $3.7M | $2.4M | $276,464 | $3.3M | $2.2M | $108,756 | $1.5M | $1.5M | $66,269 |
| Cash & equivalents | $1.5M | $3.7M | $2.4M | $276,464 | $3.3M | $1.9M | $108,756 | $1.5M | $1.5M | $66,269 |
| Short-term investments | — | — | — | — | $0 | $280,417 | $7.0M | — | — | — |
| Receivables | $1.7M | $460,147 | $2.6M | $191,022 | $12,382 | $0 | $505 | $13 | $1,611 | $765 |
| Inventory | $22,871 | $20.3M | $4.7M | $2.0M | $1.5M | $141,371 | $0 | $0 | $0 | $0 |
| Other current assets | $150,793 | $579,238 | $563,164 | $137,692 | $81,057 | $56,427 | $47,151 | $53,935 | $87,495 | $86,892 |
| Total current assets | $3.4M | $25.1M | $10.2M | $2.6M | $4.9M | $2.4M | $156,412 | $1.6M | $1.6M | $153,926 |
| Property, plant & equipment (net) | $98,638 | $28.3M | $10.9M | $6.3M | $4.0M | $3.3M | $6,399 | $1,225 | $10,697 | $28,419 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $5.2M | $6.6M | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $7.0M | $0 | $0 | $0 |
| Other non-current assets | $283,972 | $1.4M | $346,616 | $24,000 | $10,000 | $10,000 | $0 | $141.3M | $139.0M | $52,853 |
| Total assets | $3.8M | $54.7M | $21.5M | $8.9M | $14.1M | $12.3M | $7.1M | $142.9M | $140.6M | $235,198 |
| Liabilities | ||||||||||
| Accounts payable | $1.3M | $1.4M | $853,535 | $392,691 | $279,337 | $325,115 | $35,727 | $31,938 | $91,186 | $21,563 |
| Short-term debt | $1.4M | $5.0M | $3.4M | $52,543 | $45,970 | $39,870 | — | — | — | — |
| Total current liabilities | $6.2M | $7.4M | $5.8M | $890,177 | $403,057 | $622,791 | $1.4M | $659,351 | $186,677 | $36,561 |
| Long-term debt | $150,000 | $150,000 | $4.8M | $3.9M | $1.5M | $262,925 | $0 | $0 | $0 | $0 |
| Lease obligations | $78,171 | $17.8M | $4.2M | $1.4M | $1.4M | $1.4M | — | — | — | — |
| Other long-term liabilities | $0 | $15.2M | $3.7M | $1.3M | $1.4M | $1.4M | $0 | $180,452 | $91,186 | $21,563 |
| Total liabilities | $6.3M | $22.7M | $14.2M | $6.1M | $3.3M | $2.3M | $1.4M | $659,351 | $186,677 | $36,561 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $12,224 | $11,300 | $6,029 | $4,847 | $4,809 | $2,743 | $1,600 | $479,845 | $479,800 | $47,980 |
| Retained earnings (deficit) | −$103.1M | −$62.4M | −$58.7M | −$55.7M | −$43.6M | −$36.7M | −$31.4M | −$35.5M | −$35.1M | −$34.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | $0 | $0 | — |
| Total shareholders' equity | −$2.6M | $32.0M | $7.3M | $2.8M | $10.8M | $10.1M | $5.7M | $1.5M | $1.5M | $198,637 |
| Key figures | ||||||||||
| Total debt | $1.6M | $20.4M | $11.8M | $5.3M | $2.9M | $1.7M | — | — | — | — |
| Net cash (debt) | −$95,146 | −$16.6M | −$9.4M | −$5.0M | $420,273 | $490,483 | — | — | — | — |
| Working capital | −$2.8M | $17.7M | $4.5M | $1.7M | $4.5M | $1.8M | −$1.3M | $898,097 | $1.4M | $117,365 |
| Tangible book value | −$2.6M | $32.0M | $7.3M | $2.8M | $5.6M | $3.4M | $5.7M | $1.5M | $1.5M | $198,637 |
| Book value per share | — | — | — | — | — | — | — | — | — | $0.03 |
| Shares outstanding | — | — | — | — | — | — | — | — | — | 6.6M |
| Current ratio | 0.55 | 3.40 | 1.77 | 2.90 | 12.14 | 3.84 | 0.11 | 2.36 | 8.39 | 4.21 |
| Quick ratio | 0.52 | 0.57 | 0.86 | 0.53 | 8.33 | 3.52 | 0.08 | 2.28 | 7.92 | 1.83 |
| Debt / equity | — | 0.64 | 1.63 | 1.87 | 0.27 | 0.17 | — | — | — | — |
| Equity / assets | −67.9% | 58.5% | 33.9% | 31.6% | 76.7% | 81.5% | 79.8% | 1.0% | 1.1% | 84.5% |
| 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 | $8,492 | $2.3M | $1.5M | $387,294 | $959,416 | $1.6M | $3.7M | $6.9M | $14.4M | $6.8M | $2.4M | $2.1M |
| Cash & equivalents | $8,492 | $2.3M | $1.5M | $387,294 | $959,416 | $1.6M | $3.7M | $6.9M | $14.4M | $6.8M | $2.4M | $2.1M |
| Receivables | $220,720 | $601,942 | $1.7M | $174,757 | $701,175 | $1.3M | $460,147 | $1.2M | $6.2M | $2.9M | $2.6M | $1.4M |
| Inventory | $4,911 | $4,911 | $22,871 | $11.5M | $20.8M | $21.1M | $20.3M | $19.4M | $11.5M | $5.1M | $4.7M | $2.2M |
| Other current assets | $149,346 | $30,358 | $150,793 | $959,873 | $333,156 | $534,983 | $579,238 | $774,528 | $170,081 | $1.3M | $563,164 | $148,452 |
| Total current assets | $383,469 | $3.0M | $3.4M | $13.0M | $22.8M | $24.6M | $25.1M | $28.4M | $32.2M | $16.2M | $10.2M | $5.9M |
| Property, plant & equipment (net) | $10,989 | $63,517 | $98,638 | $11.5M | $25.8M | $26.7M | $28.3M | $26.6M | $26.6M | $11.3M | $10.9M | $7.6M |
| 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 | $26,309 | $26,309 | $283,972 | $1.0M | $1.3M | $1.4M | $1.4M | $2.7M | $1.4M | $392,954 | $346,616 | $36,309 |
| Total assets | $420,767 | $3.0M | $3.8M | $25.6M | $50.0M | $52.7M | $54.7M | $57.7M | $60.2M | $27.9M | $21.5M | $13.5M |
| Liabilities | ||||||||||||
| Accounts payable | $1.0M | $1.0M | $1.3M | $818,797 | $1.2M | $1.2M | $1.4M | $1.3M | $1.8M | $894,011 | $853,535 | $709,697 |
| Short-term debt | $847,572 | $825,331 | $1.4M | $1.6M | $3.0M | $4.7M | $5.0M | $5.1M | $2.5M | $3.6M | $3.4M | $1.1M |
| Total current liabilities | $5.6M | $4.3M | $6.2M | $3.2M | $5.4M | $6.8M | $7.4M | $8.7M | $6.3M | $6.5M | $5.8M | $2.7M |
| Long-term debt | $150,000 | $150,000 | $150,000 | $2.1M | $2.1M | $150,000 | $150,000 | $150,000 | $2.1M | $4.9M | $4.8M | $6.4M |
| Lease obligations | $5,758 | $43,772 | $78,171 | $2.7M | $16.9M | $17.2M | $17.8M | $18.1M | $18.5M | $4.2M | $4.2M | $1.7M |
| Other long-term liabilities | $0 | $0 | $0 | $1.1M | $13.9M | $15.0M | $15.2M | $16.0M | $16.8M | $3.5M | $3.7M | $1.5M |
| Total liabilities | $5.8M | $4.5M | $6.3M | $6.5M | $21.4M | $21.9M | $22.7M | $24.8M | $25.2M | $15.0M | $14.2M | $10.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $20,100 | $20,120 | $12,224 | $12,224 | $12,166 | $11,382 | $11,300 | $10,245 | $10,245 | $6,576 | $6,029 | $4,942 |
| Retained earnings (deficit) | −$109.5M | −$105.6M | −$103.1M | −$80.1M | −$69.2M | −$65.0M | −$62.4M | −$58.3M | −$54.9M | −$58.2M | −$58.7M | −$60.1M |
| Total shareholders' equity | −$5.3M | −$1.5M | −$2.6M | $19.1M | $28.6M | $30.8M | $32.0M | $32.8M | $35.0M | $12.9M | $7.3M | $2.9M |
| Key figures | ||||||||||||
| Total debt | $997,572 | $975,331 | $1.6M | $4.8M | $19.0M | $19.9M | $20.4M | $21.2M | $21.4M | $12.1M | $11.8M | $9.0M |
| Net cash (debt) | −$989,080 | $1.3M | −$95,146 | −$4.4M | −$18.0M | −$18.3M | −$16.6M | −$14.3M | −$7.1M | −$5.3M | −$9.4M | −$6.9M |
| Working capital | −$5.2M | −$1.4M | −$2.8M | $9.8M | $17.4M | $17.9M | $17.7M | $19.7M | $25.9M | $9.7M | $4.5M | $3.1M |
| Tangible book value | −$5.3M | −$1.5M | −$2.6M | $19.1M | $28.6M | $30.8M | $32.0M | $32.8M | $35.0M | $12.9M | $7.3M | $2.9M |
| Book value per share | −$0.27 | −$0.07 | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 20.1M | 20.1M | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.07 | 0.68 | 0.55 | 4.06 | 4.23 | 3.65 | 3.40 | 3.27 | 5.13 | 2.48 | 1.77 | 2.15 |
| Quick ratio | 0.04 | 0.67 | 0.52 | 0.17 | 0.31 | 0.44 | 0.57 | 0.94 | 3.27 | 1.49 | 0.86 | 1.28 |
| Debt / equity | — | — | — | 0.25 | 0.67 | 0.65 | 0.64 | 0.65 | 0.61 | 0.94 | 1.63 | 3.14 |
| Equity / assets | −1,266.7% | −47.6% | −67.9% | 74.7% | 57.2% | 58.4% | 58.5% | 56.9% | 58.2% | 46.2% | 33.9% | 21.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
SOWG financial position
At the end of fiscal 2025 (December 31, 2025), Sow Good had total assets of $3.8 million (down 93.1% from a year earlier), total liabilities of $6.3 million and shareholders' equity of -$2.6 million. It held $1.5 million in cash and short-term investments against $1.6 million of debt, net debt of $0.1 million. Its current ratio was 0.55. In the latest quarter (ended June 30, 2026) total assets were $0.4 million and equity -$5.3 million.
Related: SOWG income statement, SOWG cash flow statement, SOWG key metrics. See the SOWG stock overview for the latest quote and news.
SOWG balance sheet FAQ
What are Sow Good's total assets?
Sow Good reported total assets of $3.8 million at the end of fiscal 2025 (December 31, 2025), compared with $54.7 million a year earlier.
How much debt does Sow Good have?
Sow Good had $1.6 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 Sow Good have?
Sow Good held $1.5 million in cash and short-term investments at the end of fiscal 2025; with $1.6 million of debt that is net debt of $0.1 million.
What is Sow Good's book value?
Sow Good's shareholders' equity (book value) was -$2.6 million at the end of fiscal 2025.
What is Sow Good's current ratio?
Sow Good had current assets of $3.4 million and current liabilities of $6.2 million, a current ratio of 0.55 (current liabilities exceed current assets).