Sound Point Meridian Capital, Inc. (SPMC) Balance Sheet
SPMC balance sheet, 2025
December 31, 2025 · U.S. dollars$374.5M assets = $175.8M liabilities + $198.7M equity
Both columns are drawn to the same scale: what SPMC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SPMC financial health
Descriptive bands, not a rating. Fiscal 2025.
SPMC balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $303,2112023 | $374.5M2025 | +3,414.5%/yr | |
| Total liabilities | $9,0462023 | $175.8M2025 | +13,841.8%/yr | |
| Shareholders’ equity | $294,1652023 | $198.7M2025 | +2,499.0%/yr | |
| Cash & short-term investments | $4,9922023 | $5.8M2025 | +3,310.4%/yr | |
| Total debt | $70.0M2024 | $60.0M2025 | −14.3%/yr | |
| Net cash (debt) | −$65.0M2024 | −$54.2M2025 | +$10.8M | |
| Working capital | −$3,9572023 | $1.8M2025 | +$1.8M | |
| Book value per share | $0.012023 | $9.632025 | +2,477.2%/yr | |
| Current ratio | 0.562023 | 1.462025 | +0.90 | |
| Debt / equity | 0.242024 | 0.302025 | +0.06 | |
| Shares outstanding | 20.3M2023 | 20.6M2025 | +0.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPMC assets
SPMC liabilities and equity
SPMC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SPMC balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $5.8M | $5.0M | $4,992 |
| Cash & equivalents | $5.8M | $5.0M | $4,992 |
| Receivables | $69,266 | $96,816 | $53 |
| Inventory | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $44 |
| Total current assets | $5.8M | $5.1M | $5,089 |
| Property, plant & equipment (net) | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 |
| Long-term investments | $368.2M | $0 | $298.1M |
| Other non-current assets | $569,237 | $298.1M | $0 |
| Total assets | $374.5M | $303.2M | $303,211 |
| Liabilities | |||
| Short-term debt | — | $70.0M | — |
| Total current liabilities | $4.0M | $76.7M | $9,046 |
| Long-term debt | $0 | $0 | $0 |
| Other long-term liabilities | $171.8M | $9.0M | $0 |
| Total liabilities | $175.8M | $9.0M | $9,046 |
| Shareholders' equity | |||
| Common stock & paid-in capital | $20,629 | $20,319 | $294,165 |
| Retained earnings (deficit) | −$168.4M | −$10.6M | — |
| Total shareholders' equity | $198.7M | $294.2M | $294,165 |
| Key figures | |||
| Total debt | $60.0M | $70.0M | — |
| Net cash (debt) | −$54.2M | −$65.0M | — |
| Working capital | $1.8M | −$71.7M | −$3,957 |
| Tangible book value | $198.7M | $294.2M | $294,165 |
| Book value per share | $9.63 | $14.48 | $0.01 |
| Shares outstanding | 20.6M | 20.3M | 20.3M |
| Current ratio | 1.46 | 0.07 | 0.56 |
| Quick ratio | 1.48 | 0.07 | 0.56 |
| Debt / equity | 0.30 | 0.24 | — |
| Equity / assets | 53.1% | 97.0% | 97.0% |
| Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Mar '24 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $5.8M | $3.7M | $3.7M | $9.9M | $2.6M | $17.3M |
| Cash & equivalents | $5.8M | $3.7M | $3.7M | $9.9M | $2.6M | $17.3M |
| Receivables | $69,266 | $0 | $2.1M | $47,572 | $1.2M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | — | $351,031 | $342,931 | — | — |
| Total current assets | $5.8M | — | $6.1M | $10.3M | — | — |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $368.2M | $535.2M | $0 | $0 | $444.0M | $294.7M |
| Other non-current assets | $569,237 | $6.1M | $535.2M | $503.7M | $3.9M | $26.7M |
| Total assets | $374.5M | $541.3M | $541.3M | $514.0M | $447.9M | $321.4M |
| Liabilities | ||||||
| Accounts payable | — | $13,426 | $13,426 | — | $24,672 | $13.6M |
| Short-term debt | $60.0M | — | $77.5M | $70.0M | $40.0M | — |
| Total current liabilities | $4.0M | — | $77.5M | — | — | — |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $171.8M | — | $117.6M | — | — | — |
| Total liabilities | $175.8M | $195.1M | $195.1M | $132.5M | $51.5M | $14.2M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $20,629 | — | $20,474 | $20,319 | $20,233 | — |
| Retained earnings (deficit) | −$168.4M | −$48.7M | −$48.7M | −$10.6M | $5.9M | — |
| Total shareholders' equity | $198.7M | $346.2M | $346.2M | $381.6M | $396.4M | $307.2M |
| Key figures | ||||||
| Total debt | $60.0M | — | $77.5M | $70.0M | $40.0M | — |
| Net cash (debt) | −$54.2M | — | −$73.8M | −$60.1M | −$37.4M | — |
| Working capital | $1.8M | — | −$71.4M | — | — | — |
| Tangible book value | $198.7M | $346.2M | $346.2M | $381.6M | $396.4M | $307.2M |
| Book value per share | $9.63 | $16.89 | $16.91 | $18.78 | $19.59 | $15.34 |
| Shares outstanding | 20.6M | 20.5M | 20.5M | 20.3M | 20.2M | 20.0M |
| Current ratio | 1.46 | — | 0.08 | — | — | — |
| Quick ratio | 1.48 | — | 0.07 | — | — | — |
| Debt / equity | 0.30 | — | 0.22 | 0.18 | 0.10 | — |
| Equity / assets | 53.1% | 64.0% | 64.0% | 74.2% | 88.5% | 95.6% |
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.
SPMC financial position
At the end of fiscal 2025 (December 31, 2025), Sound Point Meridian Capital had total assets of $374.5 million (up 23.5% from a year earlier), total liabilities of $175.8 million and shareholders' equity of $198.7 million. It held $5.8 million in cash and short-term investments against $60.0 million of debt, net debt of $54.2 million. Its current ratio was 1.46. In the latest quarter (ended March 31, 2026) total assets were $374.5 million and equity $198.7 million.
Related: SPMC income statement, SPMC cash flow statement, SPMC key metrics. See the SPMC stock overview for the latest quote and news.
SPMC balance sheet FAQ
What are Sound Point Meridian Capital's total assets?
Sound Point Meridian Capital reported total assets of $374.5 million at the end of fiscal 2025 (December 31, 2025), compared with $303.2 million a year earlier.
How much debt does Sound Point Meridian Capital have?
Sound Point Meridian Capital had $60.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.30.
How much cash does Sound Point Meridian Capital have?
Sound Point Meridian Capital held $5.8 million in cash and short-term investments at the end of fiscal 2025; with $60.0 million of debt that is net debt of $54.2 million.
What is Sound Point Meridian Capital's book value?
Sound Point Meridian Capital's shareholders' equity (book value) was $198.7 million at the end of fiscal 2025, or $9.63 per share.
What is Sound Point Meridian Capital's current ratio?
Sound Point Meridian Capital had current assets of $5.8 million and current liabilities of $4.0 million, a current ratio of 1.46 (it can cover its short-term obligations).