NextTrip (NTRP) Balance Sheet: Assets & Liabilities

NextTrip (NTRP) Balance Sheet

As of Feb 28, 2026 (end of fiscal 2026), NextTrip reported total assets of $13.08M and total liabilities of $7.32M. Shareholders' equity was $5.76M, down 21.8% from $7.37M a year earlier. Total debt stood at $3.48M against $1.70M in cash and short-term investments, a net debt position of $1.79M. That puts debt-to-equity at 0.60, compared with 0.08 a year earlier.

NextTrip 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 NextTrip, Inc. (NTRP) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Feb 2026	Feb 2025	Feb 2024	Dec 2023	Feb 2023	Dec 2022	Feb 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2016
Current Assets
Cash and Cash Equivalents	1.70	1.06	0.32	2.85	0.28	2.85	0.23	3.70	0.09	28.85	16.11	25.77
Cash & Short-Term Investments	1.70	1.06	0.32	2.85	0.28	2.85	0.23	3.70	0.09	28.85	16.11	25.77
Accounts Receivable	0.12	0.02	0.03	0.37	1.93	0.37	0.37	0.33	0.06	0.00	0.00	0.00
Inventory	0.00	0.00	-	0.95	0.78	0.95	0.95	0.66	0.60	0.00	0.00	0.00
Other Current Assets	0.80	0.43	0.34	0.11	0.01	0.11	0.11	0.09	0.20	0.60	0.31	0.14
Total Current Assets	3.15	2.47	1.70	4.27	2.22	4.27	0.29	4.78	0.94	29.46	16.42	25.91
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.01	0.30	1.04	0.30	0.30	0.14	0.13	0.02	0.02	0.06
Long-Term Investments	2.50	3.41	-	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Goodwill	3.12	1.17	1.17	0.00	-	0.00	-	0.00	0.00	0.00	0.00	0.00
Intangible Assets	4.26	2.13	2.17	1.13	2.61	1.13	1.19	0.75	0.57	0.00	0.00	0.00
Other Non-Current Assets	0.04	0.76	0.04	0.00	0.02	0.00	0.02	0.03	0.05	0.00	0.00	0.00
Total Non-Current Assets	9.93	7.47	3.39	1.43	3.66	1.43	-	0.92	0.75	0.02	0.02	0.06
Total Assets	13.08	9.94	5.09	5.70	5.88	5.70	1.54	5.70	1.69	29.48	16.44	25.97
Current Liabilities
Accounts Payable	0.73	1.18	0.53	0.28	0.52	0.28	0.28	0.13	0.73	0.22	0.10	0.11
Short-Term Debt	0.39	0.57	0.83	0.00	3.51	0.00	-	0.00	0.05	0.00	0.00	0.00
Accrued Liabilities	0.75	0.72	0.46	-	0.33	0.23	0.23	-	-	-	-	-
Deferred Revenue	1.66	0.10	0.14	0.12	0.02	0.12	0.12	0.08	0.14	0.00	0.00	0.00
Other Current Liabilities	0.40	0.72	-	0.23	-	0.63	-	0.24	0.12	-0.16	0.22	0.08
Total Current Liabilities	3.91	2.57	1.96	0.63	4.54	0.63	0.63	0.45	1.04	2.96	1.56	2.36
Non-Current Liabilities
Long-Term Debt	3.10	0.00	-	0.00	0.86	0.00	-	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	-	0.00	-	0.00	-	0.04	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.31	0.00	-	0.00	-	0.00	-	0.05	0.00	0.00	0.00	0.00
Total Non-Current Liabilities	3.40	0.00	-	0.00	0.86	0.00	-	0.09	0.00	0.00	0.00	0.00
Total Liabilities	7.32	2.57	1.96	0.63	5.40	0.63	13.06	0.54	1.04	2.96	1.56	2.36
Stockholders' Equity
Common Stock	0.40	0.00	0.00	0.01	0.00	0.01	0.00	0.01	0.00	0.00	0.00	0.00
Retained Earnings	-50.60	-34.35	-24.15	-49.34	-16.81	-49.34	-49.34	-33.11	-26.10	-73.68	-62.66	-50.04
Accumulated Other Comprehensive Income	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00	0.00	-0.01
Additional Paid-in Capital	55.96	41.71	27.28	54.41	17.30	54.41	-	38.26	26.75	100.20	77.54	73.66
Shares Outstanding	14.07	1.66	0.94	-	0.54	0.52	-	-	-	-	-	-
Total Stockholders' Equity	5.76	7.37	3.13	5.07	0.48	5.07	-11.52	5.16	0.65	26.52	14.89	23.60
Total Liabilities & Equity	13.08	9.94	5.09	5.70	5.88	5.70	-	5.70	1.69	29.48	16.44	25.97

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

Frequently Asked Questions About NextTrip Balance Sheet

How much debt does NextTrip have?

NextTrip had total debt of $3.48M as of Feb 28, 2026, against $1.70M in cash and short-term investments. Its debt-to-equity ratio was 0.60. Total debt was $567.53K a year earlier.

What are NextTrip's total assets?

NextTrip reported total assets of $13.08M as of Feb 28, 2026, up 31.6% from $9.94M a year earlier. Total liabilities were $7.32M.

What is NextTrip's shareholders' equity?

NextTrip's shareholders' equity was $5.76M as of Feb 28, 2026, or about $0.41 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