VS Media Holdings Limited (VSME) Balance Sheet
VSME balance sheet, 2025
December 31, 2025 · U.S. dollars$9.3M assets = $5.2M liabilities + $4.1M equity
Both columns are drawn to the same scale: what VSME owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VSME financial health
Descriptive bands, not a rating. Fiscal 2025.
VSME balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.0M2020 | $9.3M2025 | +0.8%/yr | |
| Total liabilities | $6.0M2020 | $5.2M2025 | −2.8%/yr | |
| Shareholders’ equity | $3.0M2020 | $4.1M2025 | +6.8%/yr | |
| Cash & short-term investments | $853,5032020 | $976,0882025 | +2.7%/yr | |
| Total debt | $3.2M2020 | $2.9M2025 | −2.4%/yr | |
| Net cash (debt) | −$2.4M2020 | −$1.9M2025 | +$488,576 | |
| Working capital | −$2.5M2020 | $2.3M2025 | +$4.9M | |
| Book value per share | $2.592020 | $1.502025 | −10.3%/yr | |
| Current ratio | 0.582020 | 1.472025 | +0.89 | |
| Debt / equity | 1.092020 | 0.692025 | −0.39 | |
| Shares outstanding | 1.1M2020 | 2.8M2025 | +19.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VSME assets
VSME liabilities and equity
VSME debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VSME balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $976,088 | $775,246 | $1.5M | $820,570 | $785,589 | $853,503 |
| Cash & equivalents | $976,088 | $775,246 | $1.5M | $820,570 | $785,589 | $853,503 |
| Receivables | $6.2M | $4.0M | $8.5M | $6.5M | $2.8M | $2.5M |
| Inventory | $0 | $0 | −$507,079 | −$164,581 | $9,184 | $76,517 |
| Other current assets | $195,612 | $0 | $507,079 | $164,581 | $2.1M | $0 |
| Total current assets | $7.4M | $4.8M | $10.0M | $7.3M | $5.7M | $3.4M |
| Property, plant & equipment (net) | $231,429 | $272,781 | $53,752 | $127,712 | $220,856 | $21,481 |
| Goodwill & intangible assets | $0 | $2.0M | $37,333 | $173,466 | $78,151 | $99,137 |
| Long-term investments | $1.7M | $100,444 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $3.2M | $5.4M |
| Total assets | $9.3M | $7.2M | $10.1M | $7.6M | $9.2M | $9.0M |
| Liabilities | ||||||
| Accounts payable | $1.1M | $1.3M | $1.8M | $1.0M | $1.3M | $1.3M |
| Short-term debt | $2.7M | $3.0M | $3.3M | $2.9M | $4.1M | $3.2M |
| Deferred revenue | $72,382 | $11,841 | $139,341 | $59,069 | $51,710 | $717,399 |
| Total current liabilities | $5.0M | $5.7M | $5.7M | $5.3M | $6.6M | $6.0M |
| Long-term debt | $0 | $0 | $208,116 | $632,737 | $0 | $0 |
| Lease obligations | $214,019 | $258,967 | $34,143 | $100,589 | $182,722 | $19,690 |
| Other long-term liabilities | $155,567 | $204,950 | $0 | $33,985 | $111,117 | $0 |
| Total liabilities | $5.2M | $5.9M | $5.9M | $6.0M | $6.7M | $6.0M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $8.0M | $8.0M | $8.0M | $20 | $20 | $20 |
| Retained earnings (deficit) | −$37.1M | −$28.5M | −$21.2M | −$14.6M | −$13.0M | −$12.6M |
| Accumulated other comprehensive income | $79,296 | $140,879 | $35,590 | $18,781 | −$146,737 | −$93,989 |
| Total shareholders' equity | $4.1M | $1.3M | $4.2M | $1.6M | $2.6M | $3.0M |
| Key figures | ||||||
| Total debt | $2.9M | $3.2M | $3.6M | $3.6M | $4.2M | $3.2M |
| Net cash (debt) | −$1.9M | −$2.4M | −$2.1M | −$2.8M | −$3.4M | −$2.4M |
| Working capital | $2.3M | −$933,247 | $4.3M | $2.0M | −$826,952 | −$2.5M |
| Tangible book value | $4.1M | −$764,972 | $4.2M | $1.4M | $2.5M | $2.9M |
| Book value per share | $1.50 | — | — | $1.62 | $2.24 | $2.59 |
| Shares outstanding | 2.8M | — | — | 1.0M | 1.1M | 1.1M |
| Current ratio | 1.47 | 0.84 | 1.76 | 1.37 | 0.87 | 0.58 |
| Quick ratio | 1.43 | 0.84 | 1.76 | 1.37 | 0.55 | 0.56 |
| Debt / equity | 0.69 | 2.50 | 0.85 | 2.22 | 1.62 | 1.09 |
| Equity / assets | 44.3% | 17.8% | 41.6% | 21.3% | 27.8% | 33.2% |
| Sep '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $98,347 | $976,088 | $976,088 | $942,901 | $775,246 | $775,246 | $552,938 | $1.5M | $1.5M | $597,016 | $820,570 |
| Cash & equivalents | $98,347 | $976,088 | $976,088 | $942,901 | $775,246 | $775,246 | $552,938 | $1.5M | $1.5M | $597,016 | $820,570 |
| Receivables | $815,593 | $6.2M | $747,943 | $122,150 | $4.0M | $1.4M | $4.1M | $8.5M | $8.5M | $6.8M | $6.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $4,843 | $0 | $0 | −$198,553 | −$164,581 |
| Other current assets | $30,127 | $195,612 | $5.7M | $93,704 | $0 | $2.6M | $2.1M | $0 | $0 | $198,553 | $164,581 |
| Total current assets | $944,067 | $7.4M | $7.4M | $1.2M | $4.8M | $4.8M | $6.7M | $10.0M | $10.0M | $7.4M | $7.3M |
| Property, plant & equipment (net) | $25,991 | $231,429 | $231,429 | $36,082 | $272,781 | $272,781 | $304,699 | $53,752 | $53,752 | $121,480 | $127,712 |
| Goodwill & intangible assets | $0 | $0 | $0 | $257,939 | $2.0M | $2.0M | $27,152 | $37,333 | $37,333 | $162,532 | $173,466 |
| Long-term investments | $0 | $0 | $1.7M | $0 | $0 | $100,444 | $99,902 | $0 | $0 | $0 | $0 |
| Other non-current assets | $181,494 | $1.7M | $0 | $234,763 | $100,444 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $1.2M | $9.3M | $9.3M | $1.7M | $7.2M | $7.2M | $7.1M | $10.1M | $10.1M | $7.7M | $7.6M |
| Liabilities | |||||||||||
| Accounts payable | $104,032 | $1.1M | $1.1M | $123,755 | $1.3M | $1.3M | $1.5M | $1.8M | $1.8M | $973,487 | $1.0M |
| Short-term debt | $337,503 | $2.7M | — | $338,952 | $3.0M | — | $3.7M | $3.3M | $3.3M | $3.3M | $2.9M |
| Deferred revenue | $20,782 | $72,382 | — | $48,235 | $11,841 | — | $156,786 | $139,341 | $139,341 | $280,114 | $59,069 |
| Total current liabilities | $638,549 | $5.0M | $5.0M | $684,493 | $5.7M | $5.7M | $5.9M | $5.7M | $5.7M | $7.7M | $5.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $208,116 | $527,494 | $632,737 |
| Lease obligations | — | — | $214,019 | — | — | $258,967 | $288,374 | — | $34,143 | $99,232 | $100,589 |
| Other long-term liabilities | $15,773 | $155,567 | $155,567 | $25,338 | $204,950 | $204,950 | $234,036 | $208,116 | $0 | $33,527 | $33,985 |
| Total liabilities | $654,323 | $5.2M | $5.2M | $709,832 | $5.9M | $5.9M | $6.1M | $5.9M | $5.9M | $8.2M | $6.0M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $1.0M | $8.0M | — | $1.0M | $8.0M | — | $8.0M | $8.0M | $8.0M | $20 | $20 |
| Retained earnings (deficit) | −$4.8M | −$37.1M | −$37.1M | −$4.2M | −$28.5M | −$28.5M | −$24.5M | −$21.2M | −$21.2M | −$16.9M | −$14.6M |
| Accumulated other comprehensive income | $12,165 | $79,296 | — | −$8,995 | $140,879 | — | $121,377 | $277,912 | $277,912 | $223,601 | $18,781 |
| Total shareholders' equity | $497,228 | $4.1M | $4.1M | $977,707 | $1.3M | $1.3M | $1.0M | $4.2M | $4.2M | −$495,188 | $1.6M |
| Key figures | |||||||||||
| Total debt | $353,276 | $2.9M | — | $364,290 | $3.2M | — | $3.9M | $3.6M | $3.6M | $3.9M | $3.6M |
| Net cash (debt) | −$254,929 | −$1.9M | — | $578,611 | −$2.4M | — | −$3.4M | −$2.1M | −$2.1M | −$3.3M | −$2.8M |
| Working capital | $305,518 | $2.3M | $2.3M | $474,262 | −$933,247 | −$933,247 | $814,810 | $4.3M | $4.3M | −$218,179 | $2.0M |
| Tangible book value | $497,228 | $4.1M | $4.1M | $719,768 | −$764,972 | −$764,972 | $985,375 | $4.2M | $4.2M | −$657,720 | $1.4M |
| Book value per share | $0.18 | $1.50 | $1.50 | $0.39 | — | — | — | — | $0.19 | −$0.45 | $1.62 |
| Shares outstanding | 2.8M | 2.8M | 2.8M | 2.5M | — | — | — | — | 22.0M | 1.1M | 1.0M |
| Current ratio | 1.48 | 1.47 | 1.47 | 1.69 | 0.84 | 0.84 | 1.14 | 1.76 | 1.76 | 0.97 | 1.37 |
| Quick ratio | 1.43 | 1.43 | 0.34 | 1.56 | 0.84 | 0.37 | 0.78 | 1.76 | 1.76 | 0.97 | 1.37 |
| Debt / equity | 0.71 | 0.69 | — | 0.37 | 2.50 | — | 3.88 | 0.85 | 0.85 | — | 2.22 |
| Equity / assets | 43.2% | 44.3% | 44.3% | 57.9% | 17.8% | 17.8% | 14.2% | 41.6% | 41.6% | −6.4% | 21.3% |
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.
VSME financial position
At the end of fiscal 2025 (December 31, 2025), VS Media had total assets of $9.3 million (up 29.9% from a year earlier), total liabilities of $5.2 million and shareholders' equity of $4.1 million. It held $1.0 million in cash and short-term investments against $2.9 million of debt, net debt of $1.9 million. Its current ratio was 1.47. In the latest quarter (ended September 30, 2026) total assets were $1.2 million and equity $0.5 million.
Related: VSME income statement, VSME cash flow statement, VSME key metrics. See the VSME stock overview for the latest quote and news.
VSME balance sheet FAQ
What are VS Media's total assets?
VS Media reported total assets of $9.3 million at the end of fiscal 2025 (December 31, 2025), compared with $7.2 million a year earlier.
How much debt does VS Media have?
VS Media had $2.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.69.
How much cash does VS Media have?
VS Media held $1.0 million in cash and short-term investments at the end of fiscal 2025; with $2.9 million of debt that is net debt of $1.9 million.
What is VS Media's book value?
VS Media's shareholders' equity (book value) was $4.1 million at the end of fiscal 2025, or $1.50 per share.
What is VS Media's current ratio?
VS Media had current assets of $7.4 million and current liabilities of $5.0 million, a current ratio of 1.47 (it can cover its short-term obligations).