LiqTech International (LIQT) Balance Sheet: Assets & Liabilities

LiqTech International (LIQT) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), LiqTech International reported total assets of $27.28M and total liabilities of $16.84M. Shareholders' equity was $10.43M, down 37.4% from $16.65M a year earlier. Total debt stood at $8.01M against $5.07M in cash and short-term investments, a net debt position of $2.94M. That puts debt-to-equity at 0.77, compared with 0.38 a year earlier.

LiqTech International 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 LiqTech International, Inc. (LIQT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	5.07	10.87	9.48	15.16	15.36	11.75	7.07	3.78	2.49
Cash & Short-Term Investments	5.07	10.87	9.48	15.16	15.36	11.75	7.07	3.78	2.49
Accounts Receivable	3.43	2.40	3.17	2.31	3.86	5.84	11.94	3.03	2.25
Inventory	6.48	5.54	5.27	4.06	5.42	5.52	5.20	4.43	4.66
Other Current Assets	0.25	1.84	3.23	1.72	3.42	2.55	3.28	0.13	0.03
Total Current Assets	15.96	20.64	22.09	27.67	28.07	25.65	27.49	11.37	9.43
Non-Current Assets
Property, Plant & Equipment (Net)	10.49	11.07	13.06	11.57	15.78	15.27	9.88	1.43	1.96
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01
Goodwill	0.25	0.22	0.23	0.23	0.24	0.26	0.24	0.00	0.00
Intangible Assets	0.04	0.04	0.11	0.21	0.33	0.48	0.49	0.00	0.00
Other Non-Current Assets	0.55	0.46	0.47	0.45	0.63	0.55	0.50	0.35	0.28
Total Non-Current Assets	11.32	11.79	13.88	12.46	16.99	16.56	11.10	1.79	2.25
Total Assets	27.28	32.43	35.97	40.13	45.05	42.21	38.59	13.16	11.68
Current Liabilities
Accounts Payable	1.55	1.30	2.44	1.39	1.65	2.33	4.34	2.12	1.78
Short-Term Debt	1.23	1.00	1.12	0.96	9.62	1.42	1.03	0.01	0.03
Current Portion of Long-Term Debt	-	-	-	-	8.40	-	-	-	-
Accrued Liabilities	1.80	2.49	3.55	3.09	4.69	3.85	-	-	-
Deferred Revenue	0.14	0.11	0.38	0.65	0.91	1.15	1.42	0.62	1.24
Other Current Liabilities	1.80	0.62	0.63	3.09	4.69	4.91	3.52	1.87	1.72
Total Current Liabilities	4.72	4.90	7.50	6.09	16.87	9.81	10.33	4.62	4.77
Non-Current Liabilities
Long-Term Debt	6.78	5.30	4.69	5.48	14.84	7.27	4.31	0.00	0.00
Deferred Tax Liabilities	0.06	0.06	0.10	0.15	0.22	0.31	0.34	0.00	0.00
Other Non-Current Liabilities	-0.06	0.06	0.10	0.00	0.35	0.00	0.60	0.00	0.00
Total Non-Current Liabilities	12.12	10.87	11.20	10.73	15.41	7.58	5.25	0.00	0.00
Total Liabilities	16.84	15.77	18.70	16.82	32.28	17.39	15.58	4.62	4.77
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.02	0.02	0.02	0.07	0.04
Retained Earnings	-94.80	-86.27	-75.92	-67.35	-53.18	-42.05	-32.25	-32.29	-28.47
Accumulated Other Comprehensive Income	-5.21	-6.36	-5.60	-6.32	-4.98	-3.05	-6.17	-5.74	-5.04
Additional Paid-in Capital	110.43	109.27	98.80	96.98	70.91	69.90	61.40	46.50	40.46
Minority Interest	-0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	9.63	9.48	5.73	5.50	2.66	-	-	-	-
Total Stockholders' Equity	10.43	16.65	17.28	23.31	12.77	24.82	23.01	8.54	6.91
Total Liabilities & Equity	27.28	32.43	35.97	40.13	45.05	42.21	38.59	13.16	11.68

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

Frequently Asked Questions About LiqTech International Balance Sheet

How much debt does LiqTech International have?

LiqTech International had total debt of $8.01M as of Dec 31, 2025, against $5.07M in cash and short-term investments. Its debt-to-equity ratio was 0.77. Total debt was $6.31M a year earlier.

What are LiqTech International's total assets?

LiqTech International reported total assets of $27.28M as of Dec 31, 2025, down 15.9% from $32.43M a year earlier. Total liabilities were $16.84M.

What is LiqTech International's shareholders' equity?

LiqTech International's shareholders' equity was $10.43M as of Dec 31, 2025, or about $1.08 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