SRx Health Solutions Inc. (SRXH) Balance Sheet
SRXH balance sheet, FY2025
September 30, 2025 · U.S. dollars$8.4M assets = $8.0M liabilities + $407,000 equity
Both columns are drawn to the same scale: what SRXH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SRXH financial health
Descriptive bands, not a rating. Fiscal FY2025.
SRXH balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $28,728FY2016 | $8.4MFY2025 | +103.4%/yr | |
| Total liabilities | $771,291FY2016 | $8.0MFY2025 | +34.0%/yr | |
| Shareholders’ equity | −$742,563FY2016 | $407,000FY2025 | — | |
| Cash & short-term investments | $13,308FY2016 | $1.3MFY2025 | +77.5%/yr | |
| Total debt | $348,819FY2016 | $4.5MFY2025 | +37.6%/yr | |
| Net cash (debt) | −$335,511FY2016 | −$3.2MFY2025 | −$2.8M | |
| Working capital | −$749,574FY2016 | $4.6MFY2025 | +$5.3M | |
| Current ratio | 0.03FY2016 | 2.29FY2025 | +2.27 | |
| Debt / equity | 0.18FY2021 | 10.99FY2025 | +10.81 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SRXH assets
SRXH liabilities and equity
SRXH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SRXH balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $1.3M | $6.4M | $2.1M | $1.7M | $36.9M | $5.1M | $259,368 | $1,799 | $13,308 |
| Cash & equivalents | $1.3M | $4.7M | $2.1M | $1.7M | $36.9M | $5.1M | $259,368 | $1,799 | $13,308 |
| Receivables | $3.9M | $10.5M | $7.1M | $3.4M | $8.7M | $5.9M | $0 | $0 | $59 |
| Inventory | $2.1M | $4.6M | $5.7M | $4.0M | $6.7M | $6.2M | $12,212 | $18,575 | $8,350 |
| Other current assets | $794,000 | $88,185 | $10.3M | $5.7M | $3.7M | $5.2M | $1 | $1 | $0 |
| Total current assets | $8.1M | $21.6M | $25.1M | $14.8M | $56.0M | $22.4M | $271,581 | $20,375 | $21,717 |
| Property, plant & equipment (net) | $108,000 | $17.0M | $10.6M | $7.4M | $541,655 | $762,297 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $7.5M | $28.3M | $12.6M | $38.5M | $40.5M | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $168,000 | $0 | $0 | $61,544 | $3.7M | $1.7M | $0 | $6,705 | $7,011 |
| Total assets | $8.4M | $22.7M | $42.0M | $34.8M | $98.7M | $65.4M | $271,581 | $27,080 | $28,728 |
| Liabilities | |||||||||
| Accounts payable | $2.1M | $54.1M | $24.4M | $13.6M | $5.8M | $4.0M | $50,726 | $133,213 | $37,028 |
| Short-term debt | $21,000 | $52.9M | $35.8M | $6.6M | $1.2M | $10.5M | $353,216 | $788,527 | $348,819 |
| Deferred revenue | — | $39,355 | — | — | $286,758 | $446,908 | — | — | — |
| Total current liabilities | $3.5M | $110.3M | $65.5M | $22.0M | $9.4M | $69.7M | $3.7M | $1.5M | $771,291 |
| Long-term debt | $4.5M | $696,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $21,000 | $7.1M | — | — | — | — | — | — | — |
| Other long-term liabilities | $0 | $9.6M | $5.3M | $11.8M | $15.6M | $31.6M | $0 | $0 | $0 |
| Total liabilities | $8.0M | $120.6M | $70.8M | $33.9M | $24.9M | $101.3M | $3.7M | $1.5M | $771,291 |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $31,000 | $2,701 | $32,000 | $39,753 | $36,960 | $66,397 | $103,504 | $97,640 | $101,507 |
| Retained earnings (deficit) | −$22.9M | −$432.3M | −$306.6M | −$375.9M | −$330.4M | −$332.8M | −$7.9M | −$3.9M | −$1.8M |
| Accumulated other comprehensive income | — | $3.3M | $2.5M | $0 | — | — | — | — | — |
| Total shareholders' equity | $407,000 | $13.9M | $15.1M | $62.2M | $73.8M | −$35.9M | −$3.4M | −$1.5M | −$742,563 |
| Key figures | |||||||||
| Total debt | $4.5M | $2.0M | $39.4M | $17.9M | $13.2M | $42.1M | $353,216 | $788,527 | $348,819 |
| Net cash (debt) | −$3.2M | $4.4M | −$37.3M | −$16.2M | $23.7M | −$37.0M | −$93,848 | −$786,728 | −$335,511 |
| Working capital | $4.6M | −$88.8M | −$40.4M | −$7.2M | $46.6M | −$47.3M | −$3.4M | −$1.5M | −$749,574 |
| Tangible book value | $407,000 | $6.4M | −$13.2M | $49.6M | $35.3M | −$76.4M | −$3.4M | −$1.5M | −$742,563 |
| Book value per share | — | — | $1.22 | — | — | — | — | — | — |
| Shares outstanding | — | — | 12.4M | — | — | — | — | — | — |
| Current ratio | 2.29 | 0.20 | 0.38 | 0.67 | 5.98 | 0.32 | 0.07 | 0.01 | 0.03 |
| Quick ratio | 1.48 | 0.15 | 0.14 | 0.23 | 4.87 | 0.16 | 0.07 | 0.00 | 0.02 |
| Debt / equity | 10.99 | 0.15 | 2.61 | 0.29 | 0.18 | — | — | — | — |
| Equity / assets | 4.8% | 61.2% | 35.9% | 178.8% | 74.8% | −54.8% | −1,267.1% | −5,427.4% | −2,584.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $49.7M | $26.1M | $13.1M | $1.8M | $912,000 | $790,208 | $4.4M | $6.4M | $4.5M | $5.3M | $5.1M | $4.8M |
| Cash & equivalents | $36.7M | $20.5M | $13.1M | $1.8M | $912,000 | $790,208 | $4.4M | $6.4M | $4.5M | $5.3M | $5.1M | $4.8M |
| Short-term investments | $13.0M | $5.5M | — | — | — | — | — | — | — | — | — | — |
| Receivables | $8.6M | $5.2M | $3.1M | $5.5M | $8.1M | $3.3M | $11.1M | $9.7M | $5.9M | $5.9M | $11.6M | $7.7M |
| Inventory | $2.6M | $2.1M | $1.3M | $2.9M | $5.1M | $3.1M | $5.6M | $5.3M | $5.2M | $7.1M | $10.2M | $11.3M |
| Other current assets | $4.4M | $9.8M | $1.4M | $1.1M | $10.3M | $2.9M | $467,381 | $644,371 | $1.1M | $1.6M | $1.3M | $2.4M |
| Total current assets | $65.2M | $43.1M | $18.8M | $11.3M | $24.5M | $10.1M | $21.6M | $22.1M | $16.7M | $19.8M | $28.3M | $26.2M |
| Property, plant & equipment (net) | $9,000 | $76,000 | $73,000 | $150,630 | $7.8M | $116,759 | $290,494 | $318,807 | $370,627 | $412,531 | $530,858 | $581,571 |
| Goodwill & intangible assets | $80.0M | $0 | $8.0M | $1.1M | $1.1M | $281,472 | $7.6M | $547,106 | $553,890 | $13.5M | $12.1M | $12.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $125,000 | $139,000 | $147,000 | $0 | $547,000 | $129,270 | $0 | $276,932 | $266,689 | $0 | $1.1M | $1.2M |
| Total assets | $145.4M | $43.4M | $27.1M | $11.7M | $34.0M | $10.6M | $22.7M | $23.2M | $17.9M | $21.0M | $42.0M | $40.3M |
| Liabilities | ||||||||||||
| Accounts payable | $1.3M | $952,000 | $1.2M | $3.0M | $38.4M | $3.1M | $4.5M | $4.3M | $8.4M | $10.1M | $10.6M | $5.6M |
| Short-term debt | — | $22.6M | $21.0M | $29,289 | $31.2M | $886,117 | $3.6M | $2.7M | $2.2M | $7.2M | $3.1M | $3.1M |
| Deferred revenue | — | — | — | — | — | — | $719,045 | — | — | $20,355 | −$10,833 | $26,495 |
| Total current liabilities | $2.4M | $25.1M | $23.5M | $4.9M | $74.1M | $5.1M | $10.3M | $9.3M | $12.5M | $19.4M | $17.8M | $15.3M |
| Long-term debt | $0 | $0 | $0 | $4.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $0 | $0 | $0 | $21,000 | — | $52,000 | — | — | — | — | — | — |
| Other long-term liabilities | $0 | $0 | $0 | $1.8M | $5.8M | $3,476 | $7,190 | $28,367 | $50,602 | $70,563 | $3.8M | $3.5M |
| Total liabilities | $2.4M | $25.1M | $23.5M | $11.2M | $79.9M | $5.1M | $10.3M | $9.3M | $12.5M | $19.4M | $21.6M | $18.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.2M | $419,000 | $102,000 | $43,236 | $21,000 | $2,084 | $2,876 | $2,701 | $1,367 | $46,138 | $43,335 | $39,742 |
| Retained earnings (deficit) | −$42.1M | −$37.9M | −$31.5M | −$32.0M | −$98.4M | −$224.1M | −$462.4M | −$432.3M | −$439.7M | −$439.9M | −$415.3M | −$404.1M |
| Accumulated other comprehensive income | — | — | — | — | $13.9M | $0 | — | — | — | — | — | — |
| Total shareholders' equity | $143.0M | $18.3M | $3.5M | $567,655 | −$45.9M | $5.5M | $12.4M | $13.9M | $5.4M | $1.5M | $20.4M | $21.5M |
| Key figures | ||||||||||||
| Total debt | — | $22.6M | $21.0M | $6.2M | $37.0M | $889,592 | $3.6M | $2.7M | $2.3M | $7.3M | $6.9M | $6.6M |
| Net cash (debt) | — | $3.5M | −$8.0M | −$4.4M | −$36.1M | −$99,384 | $841,282 | $3.7M | $2.2M | −$2.0M | −$1.8M | −$1.8M |
| Working capital | $62.9M | $18.1M | −$4.7M | $6.4M | −$49.6M | $5.0M | $11.3M | $12.8M | $4.2M | $434,243 | $10.5M | $10.9M |
| Tangible book value | $63.0M | $18.3M | −$4.5M | −$556,345 | −$47.0M | $5.3M | $4.9M | $13.4M | $4.8M | −$12.0M | $8.3M | $9.2M |
| Book value per share | $12.52 | $3.67 | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 11.4M | 5.0M | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 27.55 | 1.72 | 0.80 | 2.29 | 0.33 | 1.99 | 2.10 | 2.38 | 1.34 | 1.02 | 1.59 | 1.71 |
| Quick ratio | 24.60 | 1.25 | 0.68 | 1.48 | 0.12 | 0.81 | 1.51 | 1.74 | 0.84 | 0.58 | 0.94 | 0.81 |
| Debt / equity | — | 1.24 | 5.97 | 10.99 | — | 0.16 | 0.29 | 0.20 | 0.43 | 4.77 | 0.34 | 0.31 |
| Equity / assets | 98.4% | 42.2% | 13.0% | 4.8% | −135.0% | 52.1% | 54.7% | 60.0% | 30.1% | 7.3% | 48.6% | 53.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 5, 2025); data from EODHD.
SRXH financial position
At the end of fiscal 2025 (September 30, 2025), SRx Health Solutions had total assets of $8.4 million (down 63.0% from a year earlier), total liabilities of $8.0 million and shareholders' equity of $0.4 million. It held $1.3 million in cash and short-term investments against $4.5 million of debt, net debt of $3.2 million. Its current ratio was 2.29. In the latest quarter (ended June 30, 2026) total assets were $145.4 million and equity $143.0 million.
Related: SRXH income statement, SRXH cash flow statement, SRXH key metrics. See the SRXH stock overview for the latest quote and news.
SRXH balance sheet FAQ
What are SRx Health Solutions's total assets?
SRx Health Solutions reported total assets of $8.4 million at the end of fiscal 2025 (September 30, 2025), compared with $22.7 million a year earlier.
How much debt does SRx Health Solutions have?
SRx Health Solutions had $4.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 10.99.
How much cash does SRx Health Solutions have?
SRx Health Solutions held $1.3 million in cash and short-term investments at the end of fiscal 2025; with $4.5 million of debt that is net debt of $3.2 million.
What is SRx Health Solutions's book value?
SRx Health Solutions's shareholders' equity (book value) was $0.4 million at the end of fiscal 2025.
What is SRx Health Solutions's current ratio?
SRx Health Solutions had current assets of $8.1 million and current liabilities of $3.5 million, a current ratio of 2.29 (it can cover its short-term obligations).