How much debt does iQSTEL have?

iQSTEL had total debt of $4.18M as of Mar 31, 2026, against $2.16M in cash and short-term investments. Its debt-to-equity ratio was 0.37. Total debt was $8.05M a year earlier.

What are iQSTEL's total assets?

iQSTEL reported total assets of $51.09M as of Mar 31, 2026, down 35.3% from $79.01M a year earlier. Total liabilities were $34.81M.

What is iQSTEL's shareholders' equity?

iQSTEL's shareholders' equity was $11.16M 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.

iQSTEL (IQST) Balance Sheet: Assets & Liabilities

iQSTEL 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 iQSTEL Inc. (IQST) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Jun 2018
Current Assets
Cash and Cash Equivalents	2.16	2.16	2.51	2.51	1.36	1.33	1.33	3.33	3.33	0.75	0.27	0.00	0.02
Cash & Short-Term Investments	2.16	2.16	2.51	2.51	1.36	1.33	1.33	3.33	3.33	0.75	0.27	0.00	0.02
Accounts Receivable	31.26	30.26	57.95	57.16	12.54	4.66	4.21	3.21	2.54	2.75	3.16	1.83	2.11
Inventory	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.00	-	0.00	0.00	0.00	0.00
Other Current Assets	2.72	3.08	2.53	2.68	1.45	0.43	0.55	0.02	0.27	0.08	0.01	0.28	0.01
Total Current Assets	36.16	36.16	63.02	63.02	15.72	6.44	6.44	6.57	6.57	3.58	3.44	2.11	0.02
Non-Current Assets
Property, Plant & Equipment (Net)	0.62	0.62	0.56	0.56	0.52	0.40	0.40	0.41	0.41	0.35	0.29	0.29	0.30
Long-Term Investments	0.00	-	0.00	-	0.00	5.67	-	-0.45	-	0.00	0.00	0.00	0.00
Goodwill	5.79	5.79	6.75	6.75	5.17	5.17	5.17	1.54	1.54	1.54	1.46	0.00	0.00
Intangible Assets	6.96	6.96	7.44	7.44	0.10	0.10	0.10	0.10	0.10	0.02	0.00	0.00	0.00
Other Non-Current Assets	1.10	1.10	1.00	1.00	0.21	-5.67	0.44	0.45	0.45	0.46	0.00	0.00	0.00
Total Non-Current Assets	14.93	14.93	15.99	15.99	6.44	6.11	6.11	2.49	2.49	2.37	2.16	0.29	0.30
Total Assets	51.09	51.09	79.01	79.01	22.16	12.55	12.55	9.06	9.06	5.95	5.60	2.39	0.02
Current Liabilities
Accounts Payable	9.17	9.17	2.13	2.13	2.97	2.25	2.25	1.47	1.47	2.74	2.29	1.39	0.57
Short-Term Debt	4.15	4.15	5.04	5.04	0.85	0.33	0.33	0.55	0.55	0.34	3.23	0.37	0.06
Current Portion of Long-Term Debt	-	-	-	2.05	0.10	-	0.09	-	0.32	0.34	-	-	-
Accrued Liabilities	-	1.33	-	1.05	0.05	-	2.48	-	0.31	0.39	-	-	-
Deferred Revenue	1.39	1.39	0.00	-	0.00	0.00	-	0.00	-	0.00	0.00	0.00	-1.33
Other Current Liabilities	19.90	0.53	56.65	1.13	0.12	3.87	1.38	0.33	0.04	1.05	5.63	2.23	1.22
Total Current Liabilities	34.61	34.61	63.82	63.82	13.84	6.45	6.45	2.36	2.36	7.91	11.15	3.99	0.22
Non-Current Liabilities
Long-Term Debt	0.03	0.03	3.01	3.01	0.10	0.11	0.11	0.12	0.12	0.27	0.19	0.00	0.09
Other Non-Current Liabilities	0.17	0.17	0.27	0.27	0.17	0.15	0.15	0.16	0.16	0.16	0.04	0.00	0.00
Total Non-Current Liabilities	0.20	0.20	3.29	3.29	0.27	0.26	0.26	0.28	0.28	0.43	0.23	0.00	0.06
Total Liabilities	34.81	34.81	67.11	67.11	14.11	6.71	6.71	2.64	2.64	8.35	11.37	3.99	0.22
Stockholders' Equity
Common Stock	0.00	0.00	0.20	0.00	0.17	0.16	0.16	0.15	0.15	0.12	0.02	0.02	0.44
Retained Earnings	-43.28	-43.28	-32.70	-32.70	-26.08	-24.50	-24.50	-18.54	-18.54	-14.70	-8.13	-2.67	-0.57
Accumulated Other Comprehensive Income	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.03	-0.04	-0.04	-0.07	0.00	0.00	-0.01
Additional Paid-in Capital	54.46	54.46	39.74	39.94	34.36	31.14	31.14	25.84	25.84	13.27	3.24	1.05	1.07
Minority Interest	5.12	5.12	4.68	4.68	-0.38	-0.92	-0.92	-1.00	-1.00	-1.01	-0.90	0.00	0.00
Shares Outstanding	-	4.67	-	2.58	2.19	-	2.05	-	1.88	-	-	-	-
Total Stockholders' Equity	11.16	11.16	7.22	7.22	8.42	6.76	5.84	7.42	7.42	-2.40	-4.87	-1.60	-0.21
Total Liabilities & Equity	51.09	51.09	79.01	79.01	22.16	12.55	12.55	9.06	9.06	5.95	5.60	2.39	0.02

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

iQSTEL Balance Sheet Analysis

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