Zentek Ltd. (ZTEK) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Total Current Assets | 2.28M | 3.32M | 2.75M | 4.53M | 4.37M | 3.33M | 3.71M | 3.42M | 4.61M | 7.28M | 12.2M | 11.64M | 17.95M | 21.04M | 23.93M | 28.56M | 25.54M | 5.15M | 4.05M | 4.93M |
| Cash & Short-Term Investments | 1.31M | 1.8M | 1.33M | 2.89M | 121.48K | 1.03M | 2.17M | 1.41M | 2.6M | 4.03M | 7.51M | 8.09M | 10.36M | 13.9M | 17.77M | 22.59M | 21.32M | 3.08M | 3.26M | 4.48M |
| Cash Only | 1.31M | 1.8M | 1.33M | 2.89M | 121.48K | 336.84K | 691.14K | 681.81K | 384.91K | 261.34K | 7.51M | 2.66M | 10.36M | 13.9M | 17.77M | 22.59M | 21.16M | 3.08M | 3.26M | 4.48M |
| Short-Term Investments | 0 | 0 | 1M | 0 | 0 | 694.9K | 1.48M | 730.7K | 2.21M | 3.77M | 0 | 5.43M | 0 | 0 | 0 | 0 | 159.84K | 0 | 0 | 0 |
| Accounts Receivable | 372.21K | 444.92K | 226.22K | 394.43K | 1.2M | 176.15K | 576.02K | 567.05K | 619.93K | 734.01K | 114.89K | 625.04K | 6.46K | -1.04K | 51.76K | 229.19K | 2.88M | 943.14K | 384.97K | 195.41K |
| Days Sales Outstanding | 997.56 | 473.32 | 4.6K | 1.26K | 76.27 | 917.34 | 3.35K | 9.84K | 10.7K | 3.14K | 2.92K | - | 25.52 | 153.48 | - | 4.28K | 1.07K | 110.06 | 177.81 | - |
| Inventory | 418.62K | 837.74K | 888.98K | 892.32K | 887.51K | 628.39K | 782.79K | 1.03M | 1.05M | 2.15M | 2.9M | 2.26M | 2.96M | 2.96M | 1.74M | 1.18M | 531.92K | 271.04K | 0 | 0 |
| Days Inventory Outstanding | 19 | 59.2 | 11.75K | 2.65K | 255.01 | 411.61 | 355.25 | 6.22K | 1.11K | 3.72K | 1.66K | 2.25K | 6K | 806.89 | 1.6K | 499.24 | 41.53 | 206.09 | - | - |
| Other Current Assets | 186.2K | 234.59K | 214.18K | 263.76K | 1.88M | 1.49M | 184.94K | 409.08K | 343.82K | 367.67K | 930.17K | 666.57K | 3.55M | 3.31M | 3.38M | 3.23M | 809.08K | 682.73K | 318.58K | 195.41K |
| Total Non-Current Assets | 12.84M | 14.05M | 14.12M | 13.95M | 14.03M | 9.89M | 12M | 11.85M | 12.06M | 11.45M | 15.28M | 11.65M | 15.34M | 7.92M | 7.45M | 6.74M | 10.41M | 2.3M | 851.55K | 27.4M |
| Property, Plant & Equipment | 4.67M | 4.79M | 12.83M | 12.65M | 12.73M | 3.78M | 5.52M | 5.57M | 5.74M | 5.99M | 15.28M | 6.27M | 15.34M | 7.92M | 7.45M | 6.74M | 4.82M | 2.3M | 849.99K | 27.4M |
| Fixed Asset Turnover | 0.01x | 0.01x | 0.00x | 0.00x | 0.10x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | 0.00x | 0.00x | - | 0.01x | 0.05x | 0.35x | 0.01x | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.64K | 1.56K | 2.34K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.18M | 9.26M | 1.29M | 1.29M | 1.29M | 6.12M | 6.48M | 6.28M | 6.32M | 5.46M | 0 | 5.38M | 0 | 0 | 0 | 0 | 5.59M | 0 | 0 | 0 |
| Total Assets | 15.13M | 17.37M | 16.87M | 18.48M | 18.4M | 13.22M | 15.71M | 15.27M | 16.67M | 18.73M | 27.48M | 23.29M | 33.29M | 28.96M | 31.38M | 35.3M | 35.95M | 7.46M | 4.9M | 32.33M |
| Asset Turnover | 0.00x | 0.00x | 0.00x | 0.00x | 0.05x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | - | 0.00x | 0.00x | - | 0.00x | 0.01x | 0.09x | 0.01x | - |
| Asset Growth % | -17.78% | 31.38% | 7.37% | 21.07% | 10.34% | -29.42% | -42.82% | -34.45% | -49.92% | -35.32% | -12.45% | -34.02% | -7.41% | 288.33% | 540.37% | 9.19% | 18.85% | -74.15% | -82.46% | 18.09% |
| Total Current Liabilities | 3.54M | 3.33M | 3.48M | 2.8M | 3.48M | 1.82M | 1.8M | 1.55M | 1.34M | 1.2M | 1.89M | 1.44M | 2.42M | 2.84M | 2.4M | 3.62M | 1.84M | 1.1M | 1.05M | 626.5K |
| Accounts Payable | 2.09M | 1.84M | 3.13M | 1.49M | 2.01M | 338.72K | 365K | 570.05K | 399.6K | 480.21K | 967.52K | 723.98K | 911.48K | 1.31M | 1.1M | 2.22M | 834.83K | 933.56K | 891.18K | 471.15K |
| Days Payables Outstanding | 59.45 | 170.55 | 30.48K | 5.2K | 394.59 | 205.26 | 183.44 | 2.9K | 305.85 | 1.07K | 545.16 | 705.5 | 2.25K | 411.84 | 1.82K | 891.61 | 91.46 | 693.73 | 790.13 | 645.13 |
| Short-Term Debt | 162.15K | 189.43K | 183.83K | 130.51K | 346.75K | 384.08K | 497.26K | 482.99K | 479.64K | 389.9K | 498.88K | 469.71K | 998.08K | 986.81K | 974.7K | 962.74K | 879.32K | 112.41K | 106.67K | 0 |
| Deferred Revenue (Current) | 0 | 0 | 162.94K | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.28M | 1.29M | -183.83K | 0 | 0 | 1.03M | 869.31K | 496.96K | 463.55K | 333.6K | 0 | 246.68K | 1 | 0 | 0 | 0 | 127.87K | 0 | 0 | 1.62K |
| Current Ratio | 0.64x | 1.00x | 0.79x | 1.62x | 1.25x | 1.83x | 2.06x | 2.20x | 3.44x | 6.05x | 6.45x | 8.08x | 7.42x | 7.42x | 9.97x | 7.89x | 13.87x | 4.68x | 3.85x | 7.86x |
| Quick Ratio | 0.53x | 0.74x | 0.53x | 1.30x | 1.00x | 1.48x | 1.63x | 1.54x | 2.65x | 4.27x | 4.92x | 6.51x | 6.19x | 6.38x | 9.25x | 7.57x | 13.58x | 4.44x | 3.85x | 7.86x |
| Cash Conversion Cycle | 957.1 | 361.97 | -14.13K | -1.29K | -63.31 | 1.12K | 3.52K | 13.16K | 11.51K | 5.8K | 4.04K | - | 3.78K | 548.53 | - | 3.88K | 1.02K | -377.59 | - | - |
| Total Non-Current Liabilities | 1.76M | 1.71M | 1.7M | 1.7M | 161.74K | 143.79K | 185.23K | 309.38K | 437.63K | 573.14K | 670.78K | 629.83K | 484.86K | 253.42K | 550.76K | 843.29K | 903.6K | 172.81K | 211.07K | 247.36K |
| Long-Term Debt | 1.76M | 1.71M | 1.64M | 1.58M | 0 | 0 | 0 | 95.38K | 191.28K | 291.32K | 258.84K | 291.11K | 0 | 253.42K | 504.71K | 752.91K | 797.66K | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 17.32K | 67.06K | 115.17K | 161.74K | 143.79K | 185.23K | 213.99K | 246.36K | 281.82K | 411.94K | 338.72K | 484.86K | 0 | 46.05K | 90.39K | 105.94K | 172.81K | 211.07K | 247.36K |
| 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 | -17.32K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 5.3M | 5.04M | 5.18M | 4.49M | 3.65M | 1.97M | 1.99M | 1.86M | 1.78M | 1.78M | 2.56M | 2.07M | 2.9M | 3.09M | 2.95M | 4.46M | 2.75M | 1.27M | 1.26M | 873.86K |
| Total Debt | 1.92M | 1.92M | 1.89M | 1.88M | 680.47K | 527.87K | 682.49K | 792.37K | 917.27K | 963.04K | 1.31M | 1.1M | 1.61M | 1.41M | 1.69M | 1.96M | 1.78M | 315K | 346.39K | 376.09K |
| Net Debt | 611.89K | 117.21K | 553.8K | -1.01M | 558.99K | 191.03K | -8.64K | 110.56K | 532.36K | 701.71K | -6.2M | -1.56M | -8.75M | -12.48M | -16.08M | -20.62M | -19.38M | -2.76M | -2.91M | -4.1M |
| Debt / Equity | 0.20x | 0.16x | 0.16x | 0.13x | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.06x | 0.05x | 0.05x | 0.05x | 0.05x | 0.06x | 0.06x | 0.05x | 0.05x | 0.10x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -46.69x | -35.62x | -48.63x | -21.28x | - | -113.57x | -12.62x | -95.78x | -115.95x | -131.07x | -154.34x | -120.10x | -166.24x | -154.44x | -105.12x | -164.97x | -364.85x | -288.16x | -158.71x | -75.41x |
| Total Equity | 9.83M | 12.33M | 11.69M | 13.99M | 14.75M | 11.26M | 13.73M | 13.41M | 14.89M | 16.96M | 24.92M | 21.22M | 30.38M | 25.87M | 28.43M | 30.84M | 33.21M | 6.18M | 3.64M | 31.45M |
| Equity Growth % | -33.37% | 9.55% | -14.86% | 4.34% | -0.96% | -33.62% | -44.91% | -36.82% | -50.99% | -34.47% | -12.36% | -31.19% | -8.5% | 318.36% | 681.5% | -1.96% | 20.91% | -77.77% | -86.77% | 18.51% |
| Book Value per Share | 0.09 | 0.12 | 0.10 | 0.13 | 0.14 | 0.11 | 0.14 | 0.13 | 0.15 | 0.17 | 0.25 | 0.21 | 0.31 | 0.26 | 0.33 | 0.31 | 0.34 | 0.07 | 0.04 | 0.36 |
| Total Shareholders' Equity | 9.83M | 12.33M | 11.69M | 13.99M | 14.75M | 11.26M | 13.73M | 13.41M | 14.89M | 16.96M | 24.92M | 21.22M | 30.38M | 25.87M | 28.43M | 30.84M | 33.21M | 6.18M | 3.64M | 31.45M |
| Common Stock | 92.54M | 91.78M | 89.75M | 89.62M | 89.48M | 62M | 65.95M | 62.99M | 63.56M | 65.01M | 86.29M | 64.8M | 85.75M | 85.75M | 85.75M | 85.56M | 68.33M | 53.96M | 49.6M | 48.32M |
| Retained Earnings | -91.46M | -87.63M | -86.79M | -84.85M | -83.85M | -57.36M | -59.86M | -57.27M | -56.56M | -56.14M | -72.76M | -52.32M | -66.2M | -70.7M | -67.62M | -64.21M | -41.7M | -53.26M | -51.35M | -22.35M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 8.74M | 8.18M | 8.73M | 6.77M | 6.34M | 6.62M | 7.64M | 7.68M | 7.89M | 8.08M | 11.39M | 8.74M | 10.83M | 10.82M | 10.3M | 9.49M | 6.58M | 5.49M | 5.39M | 5.48M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |