Freedom Holding (FRHC) Balance Sheet: Assets & Liabilities

Freedom Holding (FRHC) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), Freedom Holding reported total assets of $13.16B and total liabilities of $11.67B. Shareholders' equity was $1.49B, up 22.7% from $1.21B a year earlier. Total debt stood at $2.38B against $3.88B in cash and short-term investments, a net cash position of $1.50B. That puts debt-to-equity at 1.60, compared with 1.61 a year earlier.

Freedom Holding Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Freedom Holding Corp. (FRHC) - Annual data in billions 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	0.97	0.84	0.55	0.58	0.23	0.17	0.06	0.05	0.06	0.02
Short-Term Investments	2.91	2.75	3.91	2.65	1.32	0.59	0.16	0.17	0.21	0.08
Cash & Short-Term Investments	3.88	3.59	0.55	3.23	1.55	0.17	0.23	0.22	0.28	0.10
Accounts Receivable	4.69	4.97	1.66	0.38	0.25	0.05	0.13	0.08	0.02	0.00
Inventory	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.33	0.00
Other Current Assets	0.04	0.95	0.02	0.50	1.39	0.75	0.07	0.04	0.02	0.01
Total Current Assets	12.18	9.50	2.69	4.96	3.19	2.04	0.43	0.34	0.32	0.12
Non-Current Assets
Property, Plant & Equipment (Net)	0.41	0.23	0.12	0.08	0.03	0.02	0.02	0.01	0.00	0.00
Long-Term Investments	0.00	0.07	3.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Goodwill	0.05	0.05	0.05	0.01	0.01	0.01	0.00	0.00	0.00	0.00
Intangible Assets	0.07	0.05	0.05	0.02	0.01	0.00	0.00	0.00	0.00	0.00
Other Non-Current Assets	0.01	0.01	1.48	0.01	0.00	0.03	0.00	0.00	0.00	0.00
Total Non-Current Assets	0.98	0.41	0.23	0.13	0.04	0.04	0.03	0.01	0.01	0.00
Total Assets	13.16	9.91	8.30	5.08	3.23	2.10	0.45	0.35	0.33	0.12
Current Liabilities
Accounts Payable	0.70	1.34	0.87	0.13	0.05	0.02	0.01	0.03	0.01	0.00
Short-Term Debt	1.02	1.42	2.76	1.52	0.84	0.37	0.05	0.07	0.16	0.06
Accrued Liabilities	0.02	0.02	0.03	0.00	0.00	0.00	-	-	-	-
Deferred Revenue	7.20	4.39	2.33	1.97	0.78	0.67	0.17	0.08	0.02	0.01
Other Current Liabilities	0.04	0.03	0.03	0.01	0.82	0.70	0.00	0.00	0.02	0.00
Total Current Liabilities	9.01	7.22	5.93	3.64	2.51	1.78	0.23	0.19	0.19	0.06
Non-Current Liabilities
Long-Term Debt	1.36	0.53	0.27	0.06	0.05	0.03	0.09	0.03	0.21	0.00
Deferred Tax Liabilities	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	1.14	0.95	0.90	0.45	0.12	0.01	-0.16	-0.07	0.21	0.01
Total Non-Current Liabilities	2.65	1.48	1.20	0.68	0.18	0.05	0.10	0.04	0.02	0.01
Total Liabilities	11.67	8.70	7.13	4.31	2.68	1.82	0.32	0.23	0.21	0.08
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	1.23	1.09	1.00	0.65	0.44	0.21	0.07	0.04	0.04	0.02
Accumulated Other Comprehensive Income	-0.06	-0.12	-0.02	-0.03	-0.06	-0.04	-0.04	-0.02	-0.01	-0.01
Additional Paid-in Capital	0.31	0.25	0.18	0.16	0.17	0.10	0.10	0.10	0.10	0.03
Minority Interest	0.00	0.00	0.00	-0.01	-0.01	0.00	0.00	0.00	0.11	0.00
Shares Outstanding	0.06	0.06	0.06	0.06	0.06	-	-	-	-	-
Total Stockholders' Equity	1.49	1.21	1.17	0.78	0.55	0.28	0.13	0.12	0.12	0.04
Total Liabilities & Equity	13.16	9.91	8.30	5.08	3.23	2.10	0.45	0.35	0.33	0.12

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

Frequently Asked Questions About Freedom Holding Balance Sheet

How much debt does Freedom Holding have?

Freedom Holding had total debt of $2.38B as of Mar 31, 2026, against $3.88B in cash and short-term investments. Its debt-to-equity ratio was 1.60. Total debt was $1.95B a year earlier.

What are Freedom Holding's total assets?

Freedom Holding reported total assets of $13.16B as of Mar 31, 2026, up 32.7% from $9.91B a year earlier. Total liabilities were $11.67B.

What is Freedom Holding's shareholders' equity?

Freedom Holding's shareholders' equity was $1.49B as of Mar 31, 2026, or about $24.30 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