NetSol Technologies, Inc. (NTWK) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 52.32M | 46.41M | 46.59M | 46.32M | 42.41M | 42.95M | 46.53M | 47.46M | 46.22M | 40.08M | 38.68M | 41.6M | 40.82M | 43.08M | 44.07M | 49.43M | 55.1M | 54.09M | 52.15M | 55.58M |
| Cash & Short-Term Investments | 14.74M | 18.13M | 22.69M | 17.36M | 18.77M | 21.27M | 24.53M | 19.13M | 12.34M | 15.66M | 16.55M | 15.53M | 15.26M | 20.95M | 20.92M | 23.96M | 30.57M | 25.59M | 27M | 33.71M |
| Cash Only | 14.74M | 18.13M | 22.69M | 17.36M | 18.77M | 21.27M | 24.53M | 19.13M | 12.34M | 15.66M | 16.55M | 15.53M | 15.26M | 20.95M | 20.92M | 23.96M | 30.57M | 25.59M | 27M | 33.71M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 16.65M | 25.67M | 6.32M | 26.32M | 20.64M | 19.04M | 19.14M | 25.73M | 31.49M | 22.28M | 20.03M | 24.25M | 23.22M | 19.43M | 20.82M | 23.26M | 21.76M | 25.98M | 22.31M | 19.01M |
| Days Sales Outstanding | 96 | 78.23 | 100.02 | 116.06 | 101.79 | 113.06 | 141.41 | 158.28 | 158.18 | 127.69 | 143.01 | 156.63 | 142.11 | 149.44 | 159.59 | 151.24 | 145.05 | 143.57 | 141.63 | 121.35 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -559.25K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 20.93M | 2.62M | 17.58M | 475.08K | 480.84K | 355.35K | 618.88K | 1.55M | 989.75K | 348.35K | 314.83K | 373.55K | 690.33K | 476.77K | 772.03K | 285.09K | 315.97K | 292.47K | 267.92K | 223.6K |
| Total Non-Current Assets | 19.6M | 16.27M | 16.03M | 16.12M | 15.73M | 16.12M | 16.27M | 16.72M | 17.08M | 17.39M | 17.19M | 16.78M | 18.73M | 21.74M | 22.37M | 23.18M | 26.97M | 27.41M | 28.74M | 31.03M |
| Property, Plant & Equipment | 6.43M | 6.2M | 5.84M | 5.88M | 5.7M | 6M | 6.06M | 6.44M | 7M | 7.33M | 7.13M | 7.31M | 7.97M | 9.97M | 10.19M | 10.35M | 11.35M | 11.29M | 12.02M | 13.44M |
| Fixed Asset Turnover | 3.14x | 3.12x | 2.56x | 3.18x | 3.00x | 2.57x | 2.34x | 2.45x | 2.16x | 2.11x | 1.97x | 1.80x | 1.51x | 1.23x | 1.24x | 1.25x | 1.31x | 1.33x | 1.05x | 1.10x |
| Goodwill | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.3M | 9.52M | 9.52M | 9.52M | 9.52M |
| Intangible Assets | 1.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 127.93K | 381.88K | 801.04K | 1.11M | 1.59M | 2.18M | 2.66M | 3.18M | 3.9M |
| Long-Term Investments | 2.82M | 763.4K | 881.05K | 903.77K | 697.49K | 777.43K | 866.39K | 979.42K | 752.58K | 734.4K | 724.88K | 25.4K | 1.07M | 1.06M | 1.77M | 1.06M | 2.89M | 2.92M | 3M | 3.16M |
| Other Non-Current Assets | 7.19K | 6.94K | 6.94K | 32.33K | 32.34K | 32.34K | 32.34K | 6.94K | 32.34K | 766.74K | 757.2K | 6.93K | 425 | 604.89K | 529 | 879.15K | 1.03M | 1.02M | 1.03M | 1.01M |
| Total Assets | 71.92M | 62.69M | 62.63M | 62.44M | 58.14M | 59.07M | 62.8M | 64.19M | 63.31M | 57.47M | 55.87M | 58.38M | 59.55M | 64.82M | 66.45M | 72.61M | 82.08M | 81.5M | 80.89M | 86.61M |
| Asset Turnover | 0.29x | 0.30x | 0.24x | 0.31x | 0.30x | 0.25x | 0.23x | 0.26x | 0.26x | 0.27x | 0.25x | 0.23x | 0.22x | 0.19x | 0.18x | 0.18x | 0.18x | 0.19x | 0.16x | 0.18x |
| Asset Growth % | 23.7% | 6.12% | -0.28% | -2.72% | -8.16% | 2.78% | 12.41% | 9.95% | 6.31% | -11.33% | -15.92% | -19.6% | -27.45% | -20.47% | -17.86% | -16.16% | -7.07% | -4.63% | -2.62% | -2.11% |
| Total Current Liabilities | 27.04M | 20M | 21.66M | 19.71M | 18.74M | 19.96M | 22.37M | 23.87M | 22.89M | 17.81M | 18.27M | 20.77M | 17.66M | 19.36M | 18.97M | 20.83M | 23.6M | 21.03M | 21.01M | 23.48M |
| Accounts Payable | 1.04M | 896.2K | 1.22M | 981.5K | 1.09M | 969.5K | 1.47M | 1.43M | 1.36M | 1.32M | 1.37M | 1.11M | 987.96K | 942.69K | 1.19M | 1.18M | 1.79M | 871.45K | 939.87K | 1.07M |
| Days Payables Outstanding | 9.89 | 9.95 | 11.12 | 11.71 | 10.55 | 13 | 16.56 | 15.93 | 15.31 | 15.38 | 14.15 | 10.66 | 9.87 | 10.62 | 12.88 | 15.47 | 13.35 | 10.64 | 11.58 | 12.96 |
| Short-Term Debt | 8.72M | 8.37M | 8.25M | 8.67M | 8.43M | 8.74M | 6.39M | 6.21M | 5.92M | 5.81M | 5.59M | 6.28M | 6.39M | 7.18M | 7.96M | 8.34M | 9.55M | 10.07M | 10.32M | 11.22M |
| Deferred Revenue (Current) | 10.18M | 2.88M | 3.74M | 3.03M | 2.71M | 3.32M | 6.92M | 8.75M | 9.5M | 4.43M | 5.17M | 7.93M | 4.17M | 4.05M | 3.98M | 4.9M | 6.95M | 3.72M | 3.39M | 4.56M |
| Other Current Liabilities | 6.04M | 0 | 522.86K | 4.79M | 0 | 425.81K | 393.33K | 455.6K | 524.15K | 581.56K | 572.1K | 4.09M | 4.45M | 0 | 3.83M | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.94x | 2.32x | 2.15x | 2.35x | 2.26x | 2.15x | 2.08x | 1.99x | 2.02x | 2.25x | 2.12x | 2.00x | 2.31x | 2.23x | 2.32x | 2.37x | 2.34x | 2.57x | 2.48x | 2.37x |
| Quick Ratio | 1.94x | 2.32x | 2.15x | 2.35x | 2.26x | 2.15x | 2.08x | 2.01x | 2.02x | 2.25x | 2.12x | 2.00x | 2.31x | 2.23x | 2.32x | 2.37x | 2.34x | 2.57x | 2.48x | 2.37x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 613.23K | 751.75K | 442.59K | 467.98K | 509.15K | 599.01K | 687.27K | 784.52K | 968.14K | 1.12M | 933.78K | 828.42K | 866.69K | 1.1M | 1.13M | 923.48K | 698.77K | 439.89K | 835.19K | 1.26M |
| Long-Term Debt | 244.27K | 0 | 0 | 46.96K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 172.85K | 209.54K | 3.23K | 270.18K | 12.87K | 18.94K | 24.57K | 309.75K | 594.1K |
| Capital Lease Obligations | 368.96K | 751.75K | 442.59K | 421.02K | 509.15K | 599.01K | 687.27K | 784.52K | 968.14K | 1.12M | 933.78K | 655.57K | 657.14K | 1.09M | 859.17K | 910.62K | 679.83K | 415.32K | 525.45K | 670K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 27.65M | 20.75M | 22.1M | 20.18M | 19.25M | 20.55M | 23.06M | 24.65M | 23.86M | 18.93M | 19.2M | 21.6M | 18.52M | 20.45M | 20.1M | 21.75M | 24.29M | 21.47M | 21.85M | 24.74M |
| Total Debt | 9.33M | 9.8M | 9.17M | 9.14M | 9.45M | 9.9M | 7.72M | 7.67M | 7.65M | 7.79M | 7.23M | 7.11M | 7.26M | 8.98M | 9.09M | 10.04M | 11.03M | 11.36M | 12.09M | 13.49M |
| Net Debt | -5.41M | -8.33M | -13.52M | -8.22M | -9.33M | -11.37M | -16.8M | -11.46M | -4.69M | -7.87M | -9.32M | -8.42M | -8M | -11.96M | -11.84M | -13.92M | -19.55M | -14.23M | -14.91M | -20.22M |
| Debt / Equity | 0.21x | 0.23x | 0.23x | 0.22x | 0.24x | 0.26x | 0.19x | 0.19x | 0.19x | 0.20x | 0.20x | 0.19x | 0.18x | 0.20x | 0.20x | 0.20x | 0.19x | 0.19x | 0.20x | 0.22x |
| Debt / EBITDA | 2.82x | 6.13x | - | 2.57x | 4.93x | - | - | 6.56x | 4.48x | 5.35x | 8.20x | - | - | - | - | - | 26.99x | 4.38x | 35.51x | 6.14x |
| Net Debt / EBITDA | -1.63x | -5.21x | - | -2.31x | -4.87x | - | - | -9.80x | -2.74x | -5.40x | -10.58x | - | - | - | - | - | -47.83x | -5.48x | -43.81x | -9.21x |
| Interest Coverage | 19.84x | 7.37x | -10.53x | 17.56x | 11.20x | -2.06x | -2.94x | 5.25x | 2.60x | 4.90x | 2.50x | -19.80x | 24.76x | -9.78x | -1.01x | -14.30x | 2.63x | 30.07x | 8.11x | 27.27x |
| Total Equity | 44.27M | 41.94M | 40.52M | 42.26M | 38.9M | 38.52M | 39.74M | 39.53M | 39.44M | 38.54M | 36.66M | 36.78M | 41.03M | 44.36M | 46.35M | 50.85M | 57.78M | 60.03M | 59.04M | 61.87M |
| Equity Growth % | 13.82% | 8.89% | 1.97% | 6.9% | -1.39% | -0.06% | 8.39% | 7.48% | -3.86% | -13.13% | -20.89% | -27.67% | -29% | -26.1% | -21.5% | -17.8% | -5.4% | -1.95% | -2.46% | -5.52% |
| Book Value per Share | 3.74 | 3.55 | 3.44 | 3.65 | 3.33 | 3.35 | 3.46 | 3.46 | 3.45 | 3.39 | 3.23 | 3.25 | 3.64 | 3.94 | 4.12 | 4.52 | 5.14 | 5.34 | 5.25 | 5.45 |
| Total Shareholders' Equity | 37.18M | 35.94M | 35.79M | 37.83M | 35.45M | 33.92M | 34.72M | 34.84M | 35.3M | 34.46M | 33.46M | 33.81M | 37.72M | 40.31M | 42.07M | 45.4M | 51.06M | 53.1M | 52.6M | 54.65M |
| Common Stock | 127.86K | 127.53K | 127.34K | 127.01K | 126.49K | 125.89K | 123.84K | 123.6K | 123.44K | 123.3K | 123.12K | 122.85K | 122.38K | 122.23K | 122.09K | 121.97K | 121.92K | 121.86K | 121.84K | 121.82K |
| Retained Earnings | -42.1M | -43.4M | -43.65M | -41.29M | -43.86M | -45.29M | -44.14M | -44.21M | -44.13M | -44.46M | -44.87M | -44.9M | -39.82M | -42.37M | -40.27M | -39.65M | -37.48M | -37.21M | -38.61M | -38.8M |
| Treasury Stock | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.92M | -3.82M |
| Accumulated OCI | -46.56M | -46.41M | -46.4M | -46.61M | -46.25M | -46.19M | -46.05M | -45.94M | -45.51M | -45.87M | -46.41M | -45.98M | -47.19M | -42.01M | -42.28M | -39.36M | -36.74M | -34.94M | -34.01M | -31.87M |
| Minority Interest | 7.1M | 6M | 4.73M | 4.43M | 3.44M | 4.59M | 5.02M | 4.69M | 4.14M | 4.07M | 3.2M | 2.98M | 3.3M | 4.05M | 4.28M | 5.45M | 6.72M | 6.93M | 6.44M | 7.22M |