Ming Shing Group Holdings (MSW) Balance Sheet: Assets & Liabilities

Ming Shing Group Holdings (MSW) Balance Sheet

As of Mar 31, 2025 (end of fiscal 2025), Ming Shing Group Holdings reported total assets of $13.42M and total liabilities of $12.44M. Shareholders' equity was $983.98K, down 1.4% from $998.26K a year earlier. Total debt stood at $7.63M against $249.92K in cash and short-term investments, a net debt position of $7.38M. That puts debt-to-equity at 7.75, compared with 6.86 a year earlier.

Ming Shing Group Holdings 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 Ming Shing Group Holdings Limited (MSW) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Current Assets
Cash and Cash Equivalents	0.25	1.08	0.32	0.22	0.31
Short-Term Investments	0.01	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	0.25	1.08	0.32	0.22	0.31
Accounts Receivable	9.53	1.64	6.47	3.77	1.74
Inventory	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.48	0.01	0.04	0.00	0.00
Total Current Assets	10.26	8.84	6.92	5.18	2.06
Non-Current Assets
Property, Plant & Equipment (Net)	1.28	1.44	0.36	0.16	0.22
Long-Term Investments	0.17	0.00	0.16	0.00	0.00
Other Non-Current Assets	1.72	0.16	0.86	0.15	0.15
Total Non-Current Assets	3.16	3.05	1.37	0.41	0.36
Total Assets	13.42	11.89	8.28	5.60	2.42
Current Liabilities
Accounts Payable	3.96	3.17	1.88	1.83	0.43
Short-Term Debt	4.76	3.82	3.82	1.62	0.33
Current Portion of Long-Term Debt	4.76	3.82	3.82	1.62	0.28
Accrued Liabilities	0.41	0.13	0.08	0.08	0.07
Deferred Revenue	0.00	0.00	0.00	0.00	0.19
Other Current Liabilities	0.32	0.14	0.31	0.08	0.07
Total Current Liabilities	9.53	7.74	6.18	3.96	1.08
Non-Current Liabilities
Long-Term Debt	2.87	3.03	1.50	1.39	0.88
Deferred Tax Liabilities	0.00	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	2.91	3.15	1.72	1.48	0.89
Total Liabilities	12.44	10.89	7.90	5.44	1.96
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.00
Retained Earnings	-5.84	1.00	0.38	0.16	0.46
Accumulated Other Comprehensive Income	0.00	0.00	-0.01	0.00	0.00
Additional Paid-in Capital	6.82	0.00	0.00	0.00	0.00
Shares Outstanding	12.98	12.75	12.75	12.75	-
Total Stockholders' Equity	0.98	1.00	0.38	0.16	0.46
Total Liabilities & Equity	13.42	11.89	8.28	5.60	2.42

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2025. Data sources and methodology

Frequently Asked Questions About Ming Shing Group Holdings Balance Sheet

How much debt does Ming Shing Group Holdings have?

Ming Shing Group Holdings had total debt of $7.63M as of Mar 31, 2025, against $249.92K in cash and short-term investments. Its debt-to-equity ratio was 7.75. Total debt was $6.85M a year earlier.

What are Ming Shing Group Holdings's total assets?

Ming Shing Group Holdings reported total assets of $13.42M as of Mar 31, 2025, up 12.9% from $11.89M a year earlier. Total liabilities were $12.44M.

What is Ming Shing Group Holdings's shareholders' equity?

Ming Shing Group Holdings's shareholders' equity was $983.98K as of Mar 31, 2025, or about $0.08 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