Aehr Test Systems (AEHR) Balance Sheet: Assets & Liabilities

Aehr Test Systems (AEHR) Balance Sheet

As of May 31, 2026 (end of fiscal 2026), Aehr Test Systems reported total assets of $246.69M and total liabilities of $27.18M. Shareholders' equity was $219.51M, up 78.7% from $122.87M a year earlier. Total debt stood at $9.88M against $116.36M in cash and short-term investments, a net cash position of $106.48M. That puts debt-to-equity at 0.05, compared with 0.09 a year earlier.

Aehr Test Systems Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Aehr Test Systems, Inc. (AEHR) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017
Current Assets
Cash and Cash Equivalents	116.36	24.53	49.16	30.05	31.48	4.58	5.43	5.43	16.85	17.80
Short-Term Investments	0.00	0.00	0.00	17.85	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	116.36	24.53	49.16	47.91	31.48	4.58	5.43	5.43	16.85	17.80
Accounts Receivable	17.47	14.19	9.80	16.59	12.86	5.20	3.72	4.86	2.86	4.01
Inventory	41.35	42.00	37.47	23.91	15.05	8.85	7.99	9.06	9.05	6.60
Other Current Assets	9.26	8.06	1.42	0.62	0.61	0.55	0.51	0.69	0.70	0.96
Total Current Assets	184.45	88.78	97.85	89.03	60.01	19.18	17.65	20.03	29.46	29.38
Non-Current Assets
Property, Plant & Equipment (Net)	17.84	18.57	8.99	8.88	2.12	2.28	2.77	1.05	1.20	1.42
Long-Term Investments	0.00	0.20	0.20	0.15	0.08	0.08	0.08	0.08	0.08	0.05
Goodwill	10.72	10.72	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	9.55	10.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.31	0.55	0.30	0.23	0.20	0.12	0.07	0.15	0.22	0.04
Total Non-Current Assets	62.25	59.73	30.06	9.11	2.32	2.48	2.92	1.27	1.50	1.51
Total Assets	246.69	148.51	127.91	98.14	62.33	21.67	20.57	21.31	30.96	30.89
Current Liabilities
Accounts Payable	6.75	6.73	5.33	9.21	4.20	2.89	0.95	1.93	1.76	2.81
Short-Term Debt	0.63	0.91	0.47	0.14	0.79	3.82	1.31	0.00	6.11	0.00
Current Portion of Long-Term Debt	-	-	-	-	-	1.68	-	-	-	-
Accrued Liabilities	4.61	3.83	3.13	4.14	3.19	2.16	-	-	-	-
Deferred Revenue	5.19	1.98	1.35	2.82	2.42	0.16	0.17	0.54	0.29	0.20
Other Current Liabilities	5.28	7.82	0.37	0.27	2.72	2.19	1.41	3.01	2.95	4.80
Total Current Liabilities	17.86	15.64	10.51	16.31	11.01	9.06	3.87	5.51	11.15	7.88
Non-Current Liabilities
Long-Term Debt	9.26	9.92	5.73	6.16	0.21	1.01	2.63	0.00	0.00	6.11
Other Non-Current Liabilities	0.04	0.04	0.04	0.07	0.04	0.05	0.00	0.15	0.06	0.00
Total Non-Current Liabilities	9.33	10.00	5.81	6.24	0.33	1.16	2.65	0.34	0.52	6.21
Total Liabilities	27.18	25.64	16.32	22.54	11.34	10.22	6.52	5.85	11.67	14.10
Stockholders' Equity
Common Stock	0.33	0.30	0.29	0.29	0.27	0.24	0.23	0.23	0.22	0.21
Retained Earnings	-30.19	-23.06	-19.15	-52.31	-66.86	-76.31	-74.29	-71.48	-66.25	-66.78
Accumulated Other Comprehensive Income	-0.11	-0.13	-0.16	-0.16	-0.11	-0.03	2.23	2.23	2.29	2.25
Additional Paid-in Capital	249.48	145.76	130.61	127.78	117.69	87.55	85.90	84.50	83.04	81.13
Minority Interest	0.00	0.00	0.00	0.00	0.00	0.00	-0.02	-0.02	-0.02	-0.02
Shares Outstanding	32.48	29.88	29.00	28.54	27.12	-	-	-	-	-
Total Stockholders' Equity	219.51	122.87	111.59	75.60	50.99	11.45	14.08	15.47	19.31	16.81
Total Liabilities & Equity	246.69	148.51	127.91	98.14	62.33	21.67	20.57	21.31	30.96	30.89

Source: Company financial statements from annual and quarterly filings. Data as of May 31, 2026. Data sources and methodology

Frequently Asked Questions About Aehr Test Systems Balance Sheet

How much debt does Aehr Test Systems have?

Aehr Test Systems had total debt of $9.88M as of May 31, 2026, against $116.36M in cash and short-term investments. Its debt-to-equity ratio was 0.05. Total debt was $10.83M a year earlier.

What are Aehr Test Systems's total assets?

Aehr Test Systems reported total assets of $246.69M as of May 31, 2026, up 66.1% from $148.51M a year earlier. Total liabilities were $27.18M.

What is Aehr Test Systems's shareholders' equity?

Aehr Test Systems's shareholders' equity was $219.51M as of May 31, 2026, or about $6.76 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition