DEFSEC Technologies (DFSC) Balance Sheet: Assets & Liabilities

DEFSEC Technologies (DFSC) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), DEFSEC Technologies reported total assets of CAD 12.92M and total liabilities of CAD 5.12M. Shareholders' equity was CAD 7.80M, up 470.2% from CAD 1.37M a year earlier. Total debt stood at CAD 1.30M against CAD 6.69M in cash and short-term investments, a net cash position of CAD 5.38M. That puts debt-to-equity at 0.17, compared with 0.22 a year earlier.

DEFSEC Technologies Balance Sheet Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for DEFSEC Technologies Inc. (DFSC) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Sep 2025	Sep 2024	Dec 2023	Sep 2023	Dec 2022	Sep 2022	Sep 2021	Sep 2020	Dec 2019	Feb 2019
Current Assets
Cash and Cash Equivalents	6.69	0.26	5.41	5.41	0.17	0.17	2.69	3.07	0.02	0.20
Short-Term Investments	0.05	0.03	1.03	0.03	0.03	0.03	0.03	0.00	0.00	0.00
Cash & Short-Term Investments	6.69	0.26	5.41	5.41	0.17	0.17	2.69	3.07	0.02	0.20
Accounts Receivable	1.49	0.46	0.30	0.30	0.17	0.17	0.70	0.48	0.00	0.00
Inventory	0.52	0.53	0.54	0.54	0.39	0.39	0.09	0.00	0.05	0.00
Other Current Assets	0.20	0.18	0.59	0.56	0.78	0.75	0.55	0.44	0.22	-0.01
Total Current Assets	8.95	1.84	6.84	6.84	1.52	1.52	4.06	4.00	0.30	0.20
Non-Current Assets
Property, Plant & Equipment (Net)	1.44	0.54	0.78	0.78	1.04	1.04	1.17	0.50	0.25	0.33
Intangible Assets	2.39	3.17	4.11	4.11	4.74	4.75	3.47	0.65	0.00	0.00
Other Non-Current Assets	0.14	0.06	0.03	0.03	0.02	0.02	0.02	0.17	0.15	0.00
Total Non-Current Assets	4.01	3.77	4.92	4.92	5.81	5.81	4.66	1.32	0.40	0.34
Total Assets	12.92	5.62	11.76	11.76	7.32	7.32	8.72	5.31	0.70	0.53
Current Liabilities
Accounts Payable	2.31	0.88	0.37	1.65	2.29	4.46	1.13	0.49	0.13	0.11
Short-Term Debt	0.19	0.15	0.13	-	2.27	2.20	0.06	0.29	0.38	1.49
Current Portion of Long-Term Debt	-	-	-	-	-	2.20	-	-	-	-
Accrued Liabilities	0.20	0.81	-	0.15	-	0.15	1.11	-	-	-
Deferred Revenue	0.01	0.12	0.12	0.12	0.05	0.05	0.00	0.01	0.00	0.00
Other Current Liabilities	0.21	0.85	5.77	4.34	3.52	-	0.47	0.33	0.10	0.11
Total Current Liabilities	2.92	2.98	6.38	6.38	6.93	6.93	1.16	1.12	0.60	1.72
Non-Current Liabilities
Long-Term Debt	1.11	0.16	0.30	0.30	0.29	0.08	0.05	0.31	0.33	0.20
Other Non-Current Liabilities	1.09	1.12	1.14	1.14	1.12	1.12	1.11	0.00	0.00	0.00
Total Non-Current Liabilities	2.20	1.27	1.44	1.44	1.40	1.40	1.43	0.31	0.33	0.20
Total Liabilities	5.12	4.25	7.82	7.82	8.33	8.33	2.59	1.43	0.93	1.92
Stockholders' Equity
Common Stock	47.00	37.82	33.38	33.38	19.50	19.50	17.22	9.37	2.28	0.23
Retained Earnings	-52.28	-42.65	-35.22	-35.22	-25.91	-25.91	-15.39	-6.07	-2.54	-0.08
Accumulated Other Comprehensive Income	-0.09	-0.04	1.00	-0.04	-0.10	-0.10	-0.01	0.28	0.00	0.04
Additional Paid-in Capital	5.40	5.15	4.77	4.77	5.51	3.55	2.46	0.31	0.02	0.00
Shares Outstanding	1.40	0.08	-	0.03	-	0.00	-	-	-	-
Total Stockholders' Equity	7.80	1.37	3.94	3.94	-1.00	-1.00	6.12	3.88	-0.23	0.18
Total Liabilities & Equity	12.92	5.62	11.76	11.76	7.32	7.32	8.72	5.31	0.70	0.53

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About DEFSEC Technologies Balance Sheet

How much debt does DEFSEC Technologies have?

DEFSEC Technologies had total debt of CAD 1.30M as of Sep 30, 2025, against CAD 6.69M in cash and short-term investments. Its debt-to-equity ratio was 0.17. Total debt was CAD 302.22K a year earlier.

What are DEFSEC Technologies's total assets?

DEFSEC Technologies reported total assets of CAD 12.92M as of Sep 30, 2025, up 130.0% from CAD 5.62M a year earlier. Total liabilities were CAD 5.12M.

What is DEFSEC Technologies's shareholders' equity?

DEFSEC Technologies's shareholders' equity was CAD 7.80M as of Sep 30, 2025, or about CAD 5.59 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