Deswell Industries (DSWL) Balance Sheet: Assets & Liabilities

Deswell Industries (DSWL) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), Deswell Industries reported total assets of $129.96M and total liabilities of $20.57M. Shareholders' equity was $109.39M, up 7.1% from $102.12M a year earlier. Total debt stood at $0.00 against $82.33M in cash and short-term investments, a net cash position of $82.33M. That puts debt-to-equity at 0.00, compared with 0.00 a year earlier.

Deswell Industries 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 Deswell Industries, Inc. (DSWL) - 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	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017
Current Assets
Cash and Cash Equivalents	23.06	28.13	15.75	22.16	13.47	20.22	22.51	14.37	15.19	8.08
Short-Term Investments	59.27	47.37	42.16	24.82	30.42	25.07	20.22	24.82	17.28	21.75
Cash & Short-Term Investments	82.33	75.50	57.91	46.98	43.88	45.30	42.74	39.19	32.47	29.83
Accounts Receivable	11.43	9.91	11.99	15.70	18.20	15.16	12.30	16.17	16.09	13.16
Inventory	11.75	9.46	12.13	17.33	23.82	16.19	8.58	13.03	12.93	10.69
Other Current Assets	0.80	0.90	0.60	1.15	1.93	2.03	1.75	1.58	2.53	2.42
Total Current Assets	106.89	96.49	83.26	81.16	87.82	78.69	65.37	69.96	68.91	56.09
Non-Current Assets
Property, Plant & Equipment (Net)	22.33	23.39	24.60	26.05	27.02	27.32	28.59	30.21	31.49	31.99
Long-Term Investments	0.00	0.00	2.80	2.91	0.31	0.33	1.42	0.00	0.00	2.90
Intangible Assets	0.00	0.00	0.00	15.70	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.75	0.00	3.22	-28.96	0.57	0.00	0.00	-30.21	0.00	0.00
Total Non-Current Assets	23.07	23.72	27.82	29.22	27.59	27.66	30.01	30.21	31.49	34.89
Total Assets	129.96	120.21	111.08	110.38	115.41	107.86	95.38	100.17	100.40	90.99
Current Liabilities
Accounts Payable	6.84	5.74	5.21	6.95	9.84	9.52	4.60	6.25	8.60	5.15
Accrued Liabilities	9.85	8.79	8.40	9.93	10.56	9.12	-	-	-	-
Deferred Revenue	2.64	2.06	1.71	2.22	2.34	1.68	1.17	1.30	1.71	2.15
Other Current Liabilities	1.03	8.79	1.11	9.93	1.23	9.12	7.80	8.64	7.44	7.01
Total Current Liabilities	20.36	17.72	16.43	20.25	23.97	21.21	14.31	15.55	19.12	14.79
Non-Current Liabilities
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.21	0.37	0.48	0.48	0.66	0.96	0.75	0.66	0.78	0.00
Other Non-Current Liabilities	0.21	0.00	0.48	0.00	0.66	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	0.21	0.37	0.48	0.48	0.66	0.96	0.75	0.66	0.78	7.30
Total Liabilities	20.57	18.09	16.91	20.73	24.63	22.17	15.06	16.21	19.12	14.79
Stockholders' Equity
Common Stock	53.20	53.20	53.20	53.20	53.20	53.14	53.14	53.06	53.06	53.06
Retained Earnings	45.89	38.45	30.50	25.98	27.11	22.06	16.70	20.40	17.72	12.64
Accumulated Other Comprehensive Income	5.32	5.32	5.32	5.32	5.32	5.32	5.32	5.32	5.32	5.32
Treasury Stock	2.99	2.82	2.82	2.82	2.82	-	-	-	-	-
Additional Paid-in Capital	7.97	7.97	7.97	5.15	5.15	5.17	5.17	5.18	5.18	5.18
Shares Outstanding	15.89	15.94	15.94	15.94	15.94	-	-	-	-	-
Total Stockholders' Equity	109.39	102.12	94.17	89.65	90.78	85.69	80.32	83.96	81.28	76.20
Total Liabilities & Equity	129.96	120.21	111.08	110.38	115.54	107.86	95.38	100.17	100.40	90.99

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

Frequently Asked Questions About Deswell Industries Balance Sheet

How much debt does Deswell Industries have?

Deswell Industries had total debt of $0.00 as of Mar 31, 2026, against $82.33M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was $0.00 a year earlier.

What are Deswell Industries's total assets?

Deswell Industries reported total assets of $129.96M as of Mar 31, 2026, up 8.1% from $120.21M a year earlier. Total liabilities were $20.57M.

What is Deswell Industries's shareholders' equity?

Deswell Industries's shareholders' equity was $109.39M as of Mar 31, 2026, or about $6.89 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