Sol Strategies Inc. (STKE) Balance Sheet

NASDAQ: STKEAssets, liabilities, debt and equity over 5 years.

STKE balance sheet, FY2025

September 30, 2025 · Canadian dollars

C$169.6M assets = C$54.8M liabilities + C$114.8M equity

What it ownsC$169.6MCash & ST investments: C$1.8M (1.1%)Receivables: C$1.6M (1.0%)Other current: C$155,175 (0.1%)PP&E: C$20,320 (0.0%)Goodwill & intangibles: C$38.8M (22.9%)Goodwill & intangiblesC$38.8M · 23%LT investments: C$685,662 (0.4%)Other non-current: C$126.5M (74.6%)Other non-currentC$126.5M · 75%=How it is financedC$169.6MCurrent liabilities: C$33.0M (19.4%)Current liabilitiesC$33.0M · 19%Long-term debt: C$21.3M (12.5%)Long-term debtC$21.3M · 13%Other LT liabilities: C$584,981 (0.3%)Shareholders’ equity: C$114.8M (67.7%)Shareholders’ equityC$114.8M · 68%

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

STKE financial health

Current ratio0.11
Tight · current assets cover current liabilities 0.11×
Debt / equity0.45
Low leverage · C$0.45 of debt for each $1 of equity
Equity / assets67.7%
Equity-funded · of assets funded by shareholders
Cash / debt3.4%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles22.9%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

STKE balance sheet trends, FY2021–FY2025

MetricTrendThenLatestChange
Total assetsC$31.2MFY2021C$169.6MFY2025+52.7%/yr
Total liabilitiesC$3.4MFY2021C$54.8MFY2025+100.5%/yr
Shareholders’ equityC$27.8MFY2021C$114.8MFY2025+42.5%/yr
Cash & short-term investmentsC$876,757FY2021C$1.8MFY2025+19.5%/yr
Total debtC$1.2MFY2021C$51.9MFY2025+157.2%/yr
Net cash (debt)−C$309,049FY2021−C$50.1MFY2025−C$49.8M
Working capital−C$121,303FY2021−C$29.4MFY2025−C$29.3M
Current ratio0.92FY20210.11FY2025−0.81
Debt / equity0.04FY20210.45FY2025+0.41
Shares outstanding16.8MFY202120.1MFY2025+4.6%/yr

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

STKE assets

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

STKE liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

STKE debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

STKE balance sheet in Canadian dollars

FY2025FY2024FY2023FY2022FY2021
Assets
Cash & short-term investmentsC$1.8MC$1.8MC$1.9MC$18.6MC$876,757
Cash & equivalentsC$1.8MC$1.8MC$1.9MC$18.5MC$876,757
Short-term investments——C$0C$60,037C$0
ReceivablesC$1.6MC$6,750C$62,661C$88,660C$476,470
InventoryC$0C$0C$0C$0C$0
Other current assetsC$155,175C$0C$54,477C$58,950C$32,790
Total current assetsC$3.6MC$1.8MC$2.0MC$18.7MC$1.4M
Property, plant & equipment (net)C$20,320C$0C$0C$0C$0
Goodwill & intangible assetsC$38.8MC$0C$0C$675,289C$864,025
Long-term investmentsC$685,662C$1.5MC$6.5MC$3.9MC$4.6M
Other non-current assetsC$126.5MC$25.6MC$8.5MC$612,090C$24.4M
Total assetsC$169.6MC$28.9MC$17.1MC$23.9MC$31.2M
Liabilities
Accounts payableC$760,157C$83,413C$107,025C$194,841C$188,314
Short-term debtC$30.6M———C$1.2M
Total current liabilitiesC$33.0MC$1.8MC$226,476C$308,292C$1.5M
Long-term debtC$21.3MC$0C$0C$0C$0
Other long-term liabilitiesC$584,981C$399,406C$0C$0C$1.9M
Total liabilitiesC$54.8MC$2.2MC$226,476C$308,292C$3.4M
Shareholders' equity
Common stock & paid-in capitalC$70.4MC$17.3MC$17.9MC$18.6MC$18.6M
Retained earnings (deficit)−C$47.1M−C$10.4M−C$18.5M−C$12.2M−C$14.4M
Accumulated other comprehensive incomeC$91.5MC$19.8MC$17.5MC$17.2MC$23.7M
Total shareholders' equityC$114.8MC$26.7MC$16.8MC$23.6MC$27.8M
Key figures
Total debtC$51.9M———C$1.2M
Net cash (debt)−C$50.1M———−C$309,049
Working capital−C$29.4MC$34,187C$1.8MC$18.4M−C$121,303
Tangible book valueC$76.0MC$26.7MC$16.8MC$22.9MC$27.0M
Shares outstanding20.1M18.6M19.5M20.0M16.8M
Current ratio0.111.029.0360.800.92
Quick ratio0.101.028.7960.610.90
Debt / equity0.45———0.04
Equity / assets67.7%92.5%98.7%98.7%89.1%

Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed September 30, 2025); data from EODHD.

STKE financial position

At the end of fiscal 2025 (September 30, 2025), Sol Strategies Inc. had total assets of C$169.6 million (up 486.8% from a year earlier), total liabilities of C$54.8 million and shareholders' equity of C$114.8 million. It held C$1.8 million in cash and short-term investments against C$51.9 million of debt, net debt of C$50.1 million. Its current ratio was 0.11. In the latest quarter (ended June 30, 2026) total assets were C$96.7 million and equity C$33.7 million.

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

STKE balance sheet FAQ

What are Sol Strategies Inc.'s total assets?

Sol Strategies Inc. reported total assets of C$169.6 million at the end of fiscal 2025 (September 30, 2025), compared with C$28.9 million a year earlier.

How much debt does Sol Strategies Inc. have?

Sol Strategies Inc. had C$51.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.45.

How much cash does Sol Strategies Inc. have?

Sol Strategies Inc. held C$1.8 million in cash and short-term investments at the end of fiscal 2025; with C$51.9 million of debt that is net debt of C$50.1 million.

What is Sol Strategies Inc.'s book value?

Sol Strategies Inc.'s shareholders' equity (book value) was C$114.8 million at the end of fiscal 2025.

What is Sol Strategies Inc.'s current ratio?

Sol Strategies Inc. had current assets of C$3.6 million and current liabilities of C$33.0 million, a current ratio of 0.11 (current liabilities exceed current assets).

How much goodwill does Sol Strategies Inc. have?

Sol Strategies Inc. carried C$38.8 million of goodwill and intangible assets, 22.9% of total assets, at the end of fiscal 2025.

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