Garden Stage (GSIW) Balance Sheet: Assets & Liabilities

Garden Stage (GSIW) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2026), Garden Stage reported total assets of $41.93M and total liabilities of $17.70M. Shareholders' equity was $24.22M, up 261.4% from $6.70M a year earlier. Total debt stood at $80.70K against $17.55M in cash and short-term investments, a net cash position of $17.47M. That puts debt-to-equity at 0.00, compared with 0.03 a year earlier.

Garden Stage 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 Garden Stage Limited (GSIW) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Current Assets
Cash and Cash Equivalents	17.52	0.62	2.67	0.83	0.84	1.79
Short-Term Investments	0.03	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	17.55	0.62	2.67	0.83	0.84	1.79
Accounts Receivable	8.76	1.73	0.87	6.11	2.05	2.58
Inventory	0.00	0.00	0.00	0.00	9.94	13.12
Other Current Assets	0.00	11.41	8.73	0.07	0.04	0.10
Total Current Assets	26.31	13.77	12.26	12.50	9.94	17.59
Non-Current Assets
Property, Plant & Equipment (Net)	0.25	0.35	0.30	0.09	0.15	0.00
Long-Term Investments	0.00	0.00	0.00	0.54	0.00	0.00
Intangible Assets	11.10	0.06	0.06	0.06	0.06	0.06
Other Non-Current Assets	4.22	1.69	3.96	0.03	0.05	0.03
Total Non-Current Assets	15.61	2.13	4.33	0.63	0.30	0.10
Total Assets	41.93	15.90	16.58	13.13	10.23	17.69
Current Liabilities
Accounts Payable	0.00	8.43	6.91	10.29	7.86	14.90
Short-Term Debt	0.08	0.12	0.09	0.07	0.07	0.00
Accrued Liabilities	-	0.31	0.10	0.02	0.07	0.09
Deferred Revenue	0.00	0.00	0.00	0.09	0.00	0.00
Other Current Liabilities	0.00	0.51	0.08	0.79	9.48	2.05
Total Current Liabilities	0.08	9.12	7.10	11.18	10.03	17.04
Non-Current Liabilities
Long-Term Debt	0.00	0.08	0.20	0.00	0.07	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	17.46	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	17.62	0.08	0.20	1.42	0.07	0.00
Total Liabilities	17.70	9.20	7.30	11.18	10.10	17.04
Stockholders' Equity
Common Stock	0.03	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-22.82	-8.99	-4.67	-0.08	0.13	0.64
Accumulated Other Comprehensive Income	-0.31	-0.03	-0.01	0.00	0.00	0.00
Additional Paid-in Capital	47.33	15.72	13.96	2.02	0.11	0.00
Shares Outstanding	-	15.63	15.63	14.75	14.75	-
Total Stockholders' Equity	24.22	6.70	9.29	1.95	0.13	0.64
Total Liabilities & Equity	41.93	15.90	16.58	13.13	10.23	17.69

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

Frequently Asked Questions About Garden Stage Balance Sheet

How much debt does Garden Stage have?

Garden Stage had total debt of $80.70K as of Mar 31, 2026, against $17.55M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was $199.10K a year earlier.

What are Garden Stage's total assets?

Garden Stage reported total assets of $41.93M as of Mar 31, 2026, up 163.7% from $15.90M a year earlier. Total liabilities were $17.70M.

What is Garden Stage's shareholders' equity?

Garden Stage's shareholders' equity was $24.22M as of Mar 31, 2026.

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