ZK International Group Co., Ltd. (ZKIN) Balance Sheet
ZKIN balance sheet, FY2025
September 30, 2025 · U.S. dollars$62.9M assets = $38.3M liabilities + $24.6M equity
Both columns are drawn to the same scale: what ZKIN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ZKIN financial health
Descriptive bands, not a rating. Fiscal FY2025.
ZKIN balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $45.6MFY2016 | $62.9MFY2025 | +3.6%/yr | |
| Total liabilities | $36.0MFY2016 | $38.3MFY2025 | +0.7%/yr | |
| Shareholders’ equity | $9.5MFY2016 | $24.6MFY2025 | +11.2%/yr | |
| Cash & short-term investments | $123,649FY2016 | $3.8MFY2025 | +46.4%/yr | |
| Total debt | $25.7MFY2016 | $23.6MFY2025 | −0.9%/yr | |
| Net cash (debt) | −$25.6MFY2016 | −$19.8MFY2025 | +$5.8M | |
| Working capital | $2.9MFY2016 | $13.9MFY2025 | +$11.0M | |
| Current ratio | 1.08FY2016 | 1.44FY2025 | +0.35 | |
| Debt / equity | 2.71FY2016 | 0.96FY2025 | −1.75 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ZKIN assets
ZKIN liabilities and equity
ZKIN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ZKIN balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $3.8M | $4.1M | $5.0M | $8.4M | $16.1M | $4.1M | $3.7M | $8.5M | $11.3M | $123,649 |
| Cash & equivalents | $3.8M | $4.0M | $5.0M | $7.5M | $13.5M | $3.8M | $3.5M | $7.7M | $11.3M | $123,649 |
| Short-term investments | $0 | $50,111 | $48,145 | $915,616 | $2.6M | $294,568 | $279,810 | $850,829 | $0 | $0 |
| Receivables | $23.4M | $27.4M | $15.0M | $30.8M | $29.3M | $35.0M | $27.5M | $30.2M | $23.0M | $25.6M |
| Inventory | $13.1M | $13.5M | $17.9M | $21.1M | $20.7M | $21.7M | $20.8M | $17.8M | $10.0M | $6.4M |
| Other current assets | $5.4M | $17.7M | $5.3M | $6.4M | $12.6M | $4.1M | $6.8M | $7.8M | $10.2M | $6.7M |
| Total current assets | $45.8M | $62.7M | $43.2M | $66.8M | $78.7M | $64.8M | $58.9M | $64.3M | $54.5M | $38.9M |
| Property, plant & equipment (net) | $8.1M | $8.3M | $7.9M | $7.2M | $8.1M | $7.9M | $6.6M | $6.3M | $5.6M | $5.9M |
| Goodwill & intangible assets | $1.2M | $1.3M | $1.4M | $11.4M | $8.7M | $929,021 | $918,717 | $938,221 | $463,171 | $468,148 |
| Long-term investments | $2.5M | $2.0M | $285,540 | $25.3M | $25.3M | $306,837 | $291,464 | $303,334 | $313,066 | $312,289 |
| Other non-current assets | $5.4M | $5.7M | $5.8M | $18.3M | $12.8M | $12.6M | $11.7M | $4.5M | $272,557 | $0 |
| Total assets | $62.9M | $80.0M | $58.7M | $128.9M | $133.7M | $86.5M | $78.4M | $76.4M | $61.2M | $45.6M |
| Liabilities | ||||||||||
| Accounts payable | $2.5M | $3.1M | $2.6M | $10.1M | $2.2M | $10.4M | $4.2M | $1.7M | $717,272 | $1.1M |
| Short-term debt | $17.2M | $15.3M | — | $20.3M | $24.5M | $17.9M | $16.6M | $19.3M | $21.3M | $25.7M |
| Deferred revenue | $1.1M | $14.9M | — | $1.8M | $5.7M | $2.3M | $2.4M | $3.4M | $2.0M | $1.6M |
| Total current liabilities | $31.9M | $49.9M | $24.9M | $43.8M | $44.5M | $40.9M | $34.6M | $39.1M | $39.8M | $36.0M |
| Long-term debt | $6.3M | $1.8M | $8.5M | $0 | $0 | $269,290 | $0 | $0 | $0 | $0 |
| Lease obligations | $108,764 | $12,280 | $33,560 | $21,010 | $54,166 | $0 | — | $0 | $0 | $0 |
| Other long-term liabilities | $56,281 | $0 | $11,810 | $10,256 | $27,834 | $0 | $7.23B | $10.52B | $12.69B | $1,000 |
| Total liabilities | $38.3M | $51.7M | $33.4M | $43.9M | $44.5M | $41.1M | $34.6M | $39.1M | $39.8M | $36.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Retained earnings (deficit) | −$54.4M | −$50.4M | −$47.7M | $13.4M | $19.7M | $23.5M | $24.4M | $17.1M | $11.0M | $5.7M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | $32,520 | $849,588 | — | $535,803 | $5.8M | $3.4M | $1.1M | $1.9M | $1.9M | $991,233 |
| Minority interest | $116,604 | $153,593 | $157,980 | $386,676 | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $24.6M | $28.2M | $25.2M | $84.7M | $88.8M | $45.0M | $43.5M | $37.0M | $21.2M | $9.5M |
| Key figures | ||||||||||
| Total debt | $23.6M | $17.1M | $8.5M | $20.3M | $24.6M | $18.2M | $16.6M | $19.3M | $21.3M | $25.7M |
| Net cash (debt) | −$19.8M | −$13.1M | −$3.5M | −$11.9M | −$8.5M | −$14.2M | −$12.8M | −$10.7M | −$10.1M | −$25.6M |
| Working capital | $13.9M | $12.9M | $18.4M | $22.9M | $34.2M | $23.9M | $24.3M | $25.2M | $14.7M | $2.9M |
| Tangible book value | $23.5M | $26.9M | $23.8M | $73.3M | $80.0M | $44.1M | $42.6M | $36.1M | $20.8M | $9.0M |
| Book value per share | — | — | $0.83 | — | — | — | — | — | — | — |
| Shares outstanding | — | — | 30.4M | — | — | — | — | — | — | — |
| Current ratio | 1.44 | 1.26 | 1.74 | 1.52 | 1.77 | 1.58 | 1.70 | 1.64 | 1.37 | 1.08 |
| Quick ratio | 0.85 | 0.63 | 0.80 | 0.89 | 1.02 | 0.95 | 0.90 | 0.99 | 0.86 | 0.71 |
| Debt / equity | 0.96 | 0.61 | 0.34 | 0.24 | 0.28 | 0.40 | 0.38 | 0.52 | 1.01 | 2.71 |
| Equity / assets | 39.2% | 35.2% | 43.0% | 65.7% | 66.4% | 52.0% | 55.5% | 48.5% | 34.7% | 20.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.1M | $82,696 | $3.8M | $2.3M | $1.6M | $4.1M | $4.1M | $5.0M | $5.0M | $5.0M | $2.6M | $8.4M |
| Cash & equivalents | $1.1M | $82,696 | $3.8M | $2.3M | $1.6M | $4.0M | $4.0M | $5.0M | $4.9M | $5.0M | $2.6M | $7.5M |
| Short-term investments | — | — | — | $0 | — | $50,111 | $50,111 | $48,145 | $48,650 | $48,145 | $0 | $915,616 |
| Receivables | $41.6M | $532,940 | $23.4M | $23.1M | $20.6M | $27.4M | $22.4M | $15.4M | $28.4M | $15.0M | $26.2M | $30.8M |
| Inventory | $0 | $0 | $13.1M | $13.1M | $25.0M | $13.5M | $13.5M | $17.9M | $13.4M | $17.9M | $22.0M | $21.1M |
| Other current assets | $381,760 | $42.4M | $5.4M | $7.3M | $8.2M | $17.7M | $22.8M | $4.9M | $15.3M | $5.3M | $7.5M | $6.4M |
| Total current assets | $43.0M | $43.0M | $45.8M | $45.8M | $55.3M | $62.7M | $62.7M | $43.2M | $62.0M | $43.2M | $58.3M | $66.8M |
| Property, plant & equipment (net) | $346 | $346 | $8.1M | $8.1M | $8.2M | $8.3M | $8.3M | $7.9M | $7.8M | $7.9M | $8.0M | $7.2M |
| Goodwill & intangible assets | $0 | $0 | $1.2M | $1.2M | $1.2M | $1.3M | $1.3M | $1.4M | $1.4M | $1.4M | $11.4M | $11.4M |
| Long-term investments | $0 | $1.9M | $0 | $2.5M | $0 | $0 | $2.0M | $0 | $302,760 | $285,540 | $25.3M | $0 |
| Other non-current assets | $23.5M | $21.6M | $7.8M | $5.4M | $7.2M | $7.7M | $5.7M | $6.1M | $5.6M | $5.8M | $18.7M | $43.6M |
| Total assets | $66.6M | $66.4M | $62.9M | $62.9M | $71.9M | $80.0M | $80.0M | $58.7M | $77.2M | $58.7M | $121.6M | $128.9M |
| Liabilities | ||||||||||||
| Accounts payable | $528,754 | $528,754 | $2.5M | $2.5M | $2.4M | $3.1M | $3.1M | $2.6M | $2.2M | $2.6M | $2.4M | $10.1M |
| Short-term debt | $5.4M | — | $17.2M | — | $26.5M | $15.3M | — | $13.5M | $17.4M | — | $21.5M | $4.1M |
| Deferred revenue | $7,248 | — | $1.1M | — | $10.1M | $14.9M | — | $821,694 | $16.8M | — | $1.7M | $1.8M |
| Total current liabilities | $7.2M | $7.2M | $31.9M | $31.9M | $45.4M | $49.9M | $49.9M | $24.9M | $40.0M | $24.9M | $34.6M | $43.8M |
| Long-term debt | $0 | $0 | $0 | $6.3M | $0 | $0 | $1.8M | $0 | $8.6M | $8.5M | $0 | $0 |
| Lease obligations | — | — | — | $108,764 | — | — | $12,280 | — | $33,912 | $33,560 | $21,762 | — |
| Other long-term liabilities | $0 | $0 | $6.4M | $56,281 | $0 | $1.8M | $0 | $8.5M | $11,935 | $11,810 | $21,763 | $10,256 |
| Total liabilities | $7.2M | $7.2M | $38.3M | $38.3M | $45.4M | $51.7M | $51.7M | $33.4M | $48.7M | $33.4M | $34.7M | $43.9M |
| Shareholders' equity | ||||||||||||
| Retained earnings (deficit) | −$68.3M | −$68.3M | −$54.4M | −$54.4M | −$51.2M | −$50.4M | −$50.4M | −$47.7M | −$48.1M | −$47.7M | $13.3M | $13.4M |
| Accumulated other comprehensive income | $645,986 | — | $32,520 | — | −$273,051 | $849,588 | — | −$139,428 | −$3.0M | — | $2.5M | $535,803 |
| Minority interest | — | $0 | — | $116,604 | — | — | — | — | — | — | — | — |
| Total shareholders' equity | $59.4M | $59.3M | $24.6M | $24.5M | $26.4M | $28.2M | $28.2M | $25.1M | $28.4M | $25.1M | $86.5M | $84.7M |
| Key figures | ||||||||||||
| Total debt | $5.4M | — | $23.6M | $6.3M | $26.5M | $17.1M | $1.8M | $22.0M | $26.0M | $8.5M | $21.5M | $4.1M |
| Net cash (debt) | −$4.3M | — | −$19.8M | −$4.0M | −$24.9M | −$13.1M | $2.3M | −$17.0M | −$21.0M | −$3.5M | −$18.9M | $4.4M |
| Working capital | $35.8M | $35.8M | $13.9M | $13.9M | $9.9M | $12.9M | $12.9M | $18.4M | $22.0M | $18.4M | $23.6M | $22.9M |
| Tangible book value | $59.4M | $59.3M | $23.5M | $23.3M | $25.1M | $26.9M | $26.9M | $23.6M | $27.0M | $23.6M | $75.1M | $73.3M |
| Book value per share | $3.10 | $0.98 | — | — | — | — | — | — | — | $0.76 | — | — |
| Shares outstanding | 19.1M | 60.7M | — | — | — | — | — | — | — | 33.0M | — | — |
| Current ratio | 6.00 | 6.00 | 1.44 | 1.44 | 1.22 | 1.26 | 1.26 | 1.74 | 1.55 | 1.74 | 1.68 | 1.52 |
| Quick ratio | 5.94 | 0.09 | 0.85 | 0.80 | 0.49 | 0.63 | 0.53 | 0.82 | 0.83 | 0.80 | 0.83 | 0.89 |
| Debt / equity | 0.09 | — | 0.96 | 0.26 | 1.00 | 0.61 | 0.06 | 0.88 | 0.91 | 0.34 | 0.25 | 0.05 |
| Equity / assets | 89.2% | 89.2% | 39.2% | 39.0% | 36.7% | 35.2% | 35.2% | 42.7% | 36.8% | 42.7% | 71.2% | 65.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 4, 2026); data from EODHD.
ZKIN financial position
At the end of fiscal 2025 (September 30, 2025), ZK International had total assets of $62.9 million (down 21.4% from a year earlier), total liabilities of $38.3 million and shareholders' equity of $24.6 million. It held $3.8 million in cash and short-term investments against $23.6 million of debt, net debt of $19.8 million. Its current ratio was 1.44. In the latest quarter (ended June 30, 2026) total assets were $66.6 million and equity $59.4 million.
Related: ZKIN income statement, ZKIN cash flow statement, ZKIN key metrics. See the ZKIN stock overview for the latest quote and news.
ZKIN balance sheet FAQ
What are ZK International's total assets?
ZK International reported total assets of $62.9 million at the end of fiscal 2025 (September 30, 2025), compared with $80.0 million a year earlier.
How much debt does ZK International have?
ZK International had $23.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.96.
How much cash does ZK International have?
ZK International held $3.8 million in cash and short-term investments at the end of fiscal 2025; with $23.6 million of debt that is net debt of $19.8 million.
What is ZK International's book value?
ZK International's shareholders' equity (book value) was $24.6 million at the end of fiscal 2025.
What is ZK International's current ratio?
ZK International had current assets of $45.8 million and current liabilities of $31.9 million, a current ratio of 1.44 (it can cover its short-term obligations).
How much goodwill does ZK International have?
ZK International carried $1.2 million of goodwill and intangible assets, 1.9% of total assets, at the end of fiscal 2025.