WORK Medical Technology Group LTD (WOK) Balance Sheet
WOK balance sheet, FY2025
September 30, 2025 · U.S. dollars$33.2M assets = $12.0M liabilities + $21.2M equity
Both columns are drawn to the same scale: what WOK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
WOK financial health
Descriptive bands, not a rating. Fiscal FY2025.
WOK balance sheet trends, FY2020–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $56.2MFY2020 | $33.2MFY2025 | −10.0%/yr | |
| Total liabilities | $50.3MFY2020 | $12.0MFY2025 | −24.9%/yr | |
| Shareholders’ equity | $4.9MFY2020 | $18.3MFY2025 | +30.2%/yr | |
| Cash & short-term investments | $200,401FY2020 | $4.1MFY2025 | +82.8%/yr | |
| Total debt | $4.1MFY2020 | $6.4MFY2025 | +9.7%/yr | |
| Net cash (debt) | −$3.8MFY2020 | −$2.4MFY2025 | +$1.5M | |
| Working capital | −$9.2MFY2020 | $8.5MFY2025 | +$17.7M | |
| Current ratio | 0.81FY2020 | 1.71FY2025 | +0.89 | |
| Debt / equity | 0.83FY2020 | 0.35FY2025 | −0.47 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
WOK assets
WOK liabilities and equity
WOK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
WOK balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $4.1M | $6.6M | $1.6M | $731,178 | $508,708 | $200,401 |
| Cash & equivalents | $4.1M | $6.6M | $1.6M | $731,178 | $508,708 | $200,401 |
| Receivables | $12.5M | $5.8M | $11.0M | $6.1M | $6.6M | $622,889 |
| Inventory | $3.7M | $3.2M | $4.6M | $4.4M | $6.3M | $12.9M |
| Other current assets | $232,708 | $5.3M | $5.0M | $5.4M | $4.8M | $26.6M |
| Total current assets | $20.5M | $20.8M | $22.2M | $16.6M | $18.1M | $40.4M |
| Property, plant & equipment (net) | $10.6M | $14.3M | $6.7M | $8.0M | $11.5M | $14.8M |
| Goodwill & intangible assets | $959,116 | $1.0M | $998,450 | $949,955 | $1.1M | $1.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.1M | $112,916 | $66,872 | $0 | $0 | $0 |
| Total assets | $33.2M | $36.3M | $30.0M | $25.5M | $30.7M | $56.2M |
| Liabilities | ||||||
| Accounts payable | $1.7M | $1.5M | $4.0M | $3.2M | $9.0M | $11.4M |
| Short-term debt | $6.4M | $13.5M | $9.0M | $6.2M | $6.6M | $3.5M |
| Deferred revenue | $402,407 | $625,326 | $776,210 | $744,107 | $1.6M | $33.2M |
| Total current liabilities | $12.0M | $20.2M | $18.9M | $14.3M | $18.9M | $49.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $589,136 |
| Lease obligations | $25,499 | $0 | $99,690 | $87,093 | $0 | — |
| Other long-term liabilities | $20,058 | $138,220 | $50,130 | $94,036 | $347,546 | $112,381 |
| Total liabilities | $12.0M | $20.2M | $19.0M | $14.4M | $19.3M | $50.3M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $51,796 | $7,296 | $6,250 | $6,250 | $50,000 | $50,000 |
| Retained earnings (deficit) | $5.0M | $6.1M | $9.6M | $9.5M | $8.7M | $4.7M |
| Accumulated other comprehensive income | $291,000 | $491,266 | $210,654 | $410,412 | $1.2M | $121,969 |
| Minority interest | $2.8M | $2.9M | $1.1M | $1.2M | — | — |
| Total shareholders' equity | $18.3M | $13.2M | $9.9M | $10.0M | $10.0M | $4.9M |
| Key figures | ||||||
| Total debt | $6.4M | $13.5M | $9.1M | $6.3M | $6.6M | $4.1M |
| Net cash (debt) | −$2.4M | −$6.9M | −$7.5M | −$5.6M | −$6.1M | −$3.8M |
| Working capital | $8.5M | $647,030 | $3.2M | $2.4M | −$768,621 | −$9.2M |
| Tangible book value | $17.4M | $12.1M | $8.9M | $9.1M | $9.0M | $3.9M |
| Book value per share | — | — | — | — | — | $4.90 |
| Shares outstanding | — | — | — | — | — | 1.0M |
| Current ratio | 1.71 | 1.03 | 1.17 | 1.17 | 0.96 | 0.81 |
| Quick ratio | 1.38 | 0.61 | 0.66 | 0.48 | 0.37 | 0.02 |
| Debt / equity | 0.35 | 1.02 | 0.92 | 0.63 | 0.66 | 0.83 |
| Equity / assets | 55.3% | 36.4% | 33.0% | 39.2% | 32.8% | 8.7% |
| 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 | $3.3M | $3.3M | $4.1M | $4.1M | $2.0M | $2.0M | $2.0M | $6.6M | $6.6M | $1.0M | $1.0M | $1.6M |
| Cash & equivalents | $3.3M | $3.3M | $4.1M | $4.1M | $2.0M | $2.0M | $2.0M | $6.6M | $6.6M | $1.0M | $1.0M | $1.6M |
| Receivables | $5.1M | $2.0M | $12.5M | $615,838 | $876,674 | $876,674 | $876,674 | $5.8M | $1.6M | $4.5M | $1.2M | $11.0M |
| Inventory | $8.6M | $1.9M | $3.7M | $2.5M | $3.0M | $3.0M | $3.0M | $3.2M | $3.2M | $4.3M | $4.3M | $4.6M |
| Other current assets | $4.6M | $14.5M | $232,708 | $13.3M | $15.7M | $15.7M | $15.7M | $5.3M | $9.4M | $9.6M | $12.8M | $5.0M |
| Total current assets | $21.6M | $21.6M | $20.5M | $20.5M | $21.6M | $21.6M | $21.6M | $20.8M | $20.8M | $19.4M | $19.4M | $22.2M |
| Property, plant & equipment (net) | $16.7M | $17.6M | $10.6M | $11.7M | $10.9M | $10.9M | $10.9M | $14.3M | $11.4M | $6.2M | $6.2M | $6.7M |
| Goodwill & intangible assets | $953,684 | $953,684 | $959,116 | $959,116 | $975,622 | $975,622 | $975,622 | $1.0M | $1.0M | $979,684 | $979,684 | $998,450 |
| Long-term investments | $0 | $8.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $9.1M | $0 | $1.1M | $0 | $1.3M | $1.3M | $1.3M | $112,916 | $3.0M | $5.9M | $5.9M | $66,872 |
| Total assets | $48.3M | $48.3M | $33.2M | $33.2M | $34.7M | $34.7M | $34.7M | $36.3M | $36.3M | $32.5M | $32.5M | $30.0M |
| Liabilities | ||||||||||||
| Accounts payable | $1.6M | $1.6M | $1.7M | $1.7M | $1.5M | $1.5M | $1.5M | $1.5M | $1.5M | $2.6M | $2.6M | $4.0M |
| Short-term debt | $6.6M | — | $6.4M | — | $13.0M | $13.0M | $13.0M | $13.5M | $13.5M | $14.3M | $14.3M | $9.0M |
| Deferred revenue | $495,338 | — | $402,407 | — | — | $1.2M | $625,326 | $625,326 | — | $703,209 | — | $776,210 |
| Total current liabilities | $15.8M | $15.8M | $12.0M | $12.0M | $19.0M | $19.0M | $19.0M | $20.2M | $20.2M | $21.2M | $21.2M | $18.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $26,688 | — | $25,499 | — | $22,540 | — | $0 | — | $59,277 | — | $99,690 |
| Other long-term liabilities | $13,959 | $13,960 | $20,058 | $20,059 | $17,206 | $17,206 | $17,206 | $138,220 | $0 | $0 | $0 | $50,130 |
| Total liabilities | $15.8M | $15.8M | $12.0M | $12.0M | $19.0M | $19.0M | $19.0M | $20.2M | $20.2M | $21.2M | $21.2M | $19.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $17 | — | $51,796 | — | $7,296 | $7,296 | $7,296 | $7,296 | $7,296 | $6,250 | $6,250 | $6,250 |
| Retained earnings (deficit) | $1.5M | $1.5M | $5.0M | $5.0M | $7.0M | $7.0M | $7.0M | $6.1M | $7.0M | $9.8M | $10.7M | $9.6M |
| Accumulated other comprehensive income | $637,626 | — | $291,000 | — | −$666,233 | −$666,233 | −$666,233 | $491,266 | −$414,715 | $322,219 | −$571,513 | $210,654 |
| Minority interest | — | $2.4M | — | $2.8M | — | $2.8M | — | — | — | — | — | — |
| Total shareholders' equity | $30.1M | $30.1M | $18.3M | $18.3M | $12.9M | $12.9M | $12.9M | $13.2M | $13.2M | $10.2M | $10.2M | $9.9M |
| Key figures | ||||||||||||
| Total debt | $6.6M | — | $6.4M | — | $13.0M | $13.0M | $13.0M | $13.5M | $13.5M | $14.3M | $14.3M | $9.1M |
| Net cash (debt) | −$3.4M | — | −$2.4M | — | −$11.0M | −$11.0M | −$11.0M | −$6.9M | −$6.9M | −$13.2M | −$13.2M | −$7.5M |
| Working capital | $5.8M | $5.8M | $8.5M | $8.5M | $2.6M | $2.6M | $2.6M | $647,030 | $647,030 | −$1.7M | −$1.7M | $3.2M |
| Tangible book value | $29.2M | $29.2M | $17.4M | $17.4M | $12.0M | $12.0M | $12.0M | $12.1M | $12.1M | $9.2M | $9.2M | $8.9M |
| Book value per share | — | — | — | — | $0.89 | — | $0.89 | — | $1.02 | — | $0.82 | — |
| Shares outstanding | — | — | — | — | 14.6M | — | 14.6M | — | 12.9M | — | 12.5M | — |
| Current ratio | 1.37 | 1.37 | 1.71 | 1.71 | 1.14 | 1.14 | 1.14 | 1.03 | 1.03 | 0.92 | 0.92 | 1.17 |
| Quick ratio | 0.53 | 0.33 | 1.38 | 0.39 | 0.15 | 0.15 | 0.15 | 0.61 | 0.41 | 0.26 | 0.11 | 0.66 |
| Debt / equity | 0.22 | — | 0.35 | — | 1.01 | 1.01 | 1.01 | 1.02 | 1.02 | 1.40 | 1.40 | 0.92 |
| Equity / assets | 62.4% | 62.4% | 55.3% | 55.3% | 37.3% | 37.3% | 37.3% | 36.4% | 36.4% | 31.4% | 31.4% | 33.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed January 30, 2026); data from EODHD.
WOK financial position
At the end of fiscal 2025 (September 30, 2025), WORK Medical Technology Group LTD had total assets of $33.2 million (down 8.5% from a year earlier), total liabilities of $12.0 million and shareholders' equity of $18.3 million. It held $4.1 million in cash and short-term investments against $6.4 million of debt, net debt of $2.4 million. Its current ratio was 1.71. In the latest quarter (ended June 30, 2026) total assets were $48.3 million and equity $30.1 million.
Related: WOK income statement, WOK cash flow statement, WOK key metrics. See the WOK stock overview for the latest quote and news.
WOK balance sheet FAQ
What are WORK Medical Technology Group LTD's total assets?
WORK Medical Technology Group LTD reported total assets of $33.2 million at the end of fiscal 2025 (September 30, 2025), compared with $36.3 million a year earlier.
How much debt does WORK Medical Technology Group LTD have?
WORK Medical Technology Group LTD had $6.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.35.
How much cash does WORK Medical Technology Group LTD have?
WORK Medical Technology Group LTD held $4.1 million in cash and short-term investments at the end of fiscal 2025; with $6.4 million of debt that is net debt of $2.4 million.
What is WORK Medical Technology Group LTD's book value?
WORK Medical Technology Group LTD's shareholders' equity (book value) was $18.3 million at the end of fiscal 2025.
What is WORK Medical Technology Group LTD's current ratio?
WORK Medical Technology Group LTD had current assets of $20.5 million and current liabilities of $12.0 million, a current ratio of 1.71 (it can cover its short-term obligations).
How much goodwill does WORK Medical Technology Group LTD have?
WORK Medical Technology Group LTD carried $1.0 million of goodwill and intangible assets, 2.9% of total assets, at the end of fiscal 2025.