How much debt does SPAR Group have?

SPAR Group had total debt of $27.26M as of Dec 31, 2025, against $3.26M in cash and short-term investments. Its debt-to-equity ratio was 43.83. Total debt was $18.30M a year earlier.

What are SPAR Group's total assets?

SPAR Group reported total assets of $44.06M as of Dec 31, 2025, down 21.9% from $56.43M a year earlier. Total liabilities were $43.44M.

What is SPAR Group's shareholders' equity?

SPAR Group's shareholders' equity was $622.00K as of Dec 31, 2025, or about $0.03 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.

SPAR Group (SGRP) Balance Sheet: Assets & Liabilities

SPAR Group 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 SPAR Group, Inc. (SGRP) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Mar 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Current Assets
Cash and Cash Equivalents	3.26	18.22	4.49	4.49	9.35	9.35	13.47	15.97	15.97	10.46	7.11	8.83
Cash & Short-Term Investments	3.26	18.22	4.49	4.49	9.35	9.35	13.47	15.97	15.97	10.46	7.11	8.83
Accounts Receivable	27.01	12.06	43.11	43.11	63.71	63.71	54.17	46.91	46.91	49.30	46.14	35.96
Inventory	0.00	0.00	0.00	-	0.00	-	0.00	0.00	-	0.00	0.00	0.00
Other Current Assets	1.17	3.01	28.51	28.51	7.86	7.86	4.38	3.63	3.63	4.20	1.88	2.03
Total Current Assets	31.44	46.00	76.11	76.11	80.92	80.92	72.03	66.52	66.52	63.96	55.13	46.82
Non-Current Assets
Property, Plant & Equipment (Net)	8.46	2.65	4.65	4.65	4.23	4.23	4.71	5.70	5.70	7.80	2.95	2.71
Goodwill	0.86	0.86	1.29	1.29	1.71	1.71	4.17	3.76	3.76	3.78	3.79	1.84
Intangible Assets	0.71	0.84	1.18	1.18	2.04	2.04	2.30	2.26	2.26	2.80	3.33	1.63
Other Non-Current Assets	2.58	1.83	3.73	7.05	1.93	5.70	5.82	1.60	1.60	1.12	1.33	1.93
Total Non-Current Assets	12.62	10.44	14.17	14.17	13.68	13.68	16.99	17.51	-	17.37	13.96	11.17
Total Assets	44.06	56.43	90.28	90.28	94.60	94.60	89.02	84.03	84.03	81.33	69.10	57.99
Current Liabilities
Accounts Payable	9.34	8.77	4.82	4.82	10.59	10.59	8.94	7.86	7.86	9.19	8.67	7.34
Short-Term Debt	21.59	16.58	18.48	17.53	18.34	17.98	11.04	10.73	-	11.76	10.41	6.84
Current Portion of Long-Term Debt	0.50	0.50	-	4.49	-	2.70	0.30	-	-	-	-	-
Accrued Liabilities	5.58	3.40	-	4.71	-	20.26	22.03	-	10.82	-	-	-
Deferred Revenue	1.22	0.89	1.91	1.91	2.40	2.40	3.90	1.80	1.80	0.59	0.62	1.54
Other Current Liabilities	5.58	1.62	22.79	18.66	20.57	2.96	3.27	16.47	1.88	22.21	19.85	15.84
Total Current Liabilities	37.72	30.05	48.57	48.57	54.56	54.56	50.21	42.91	42.91	46.54	42.52	32.33
Non-Current Liabilities
Long-Term Debt	5.68	1.72	1.30	0.31	1.98	1.38	0.70	2.50	1.00	3.42	1.81	0.11
Deferred Tax Liabilities	0.03	0.00	0.00	-	0.00	-	0.00	0.00	-	0.00	0.00	0.69
Other Non-Current Liabilities	0.00	0.00	0.17	0.17	0.00	-	0.00	0.00	-	0.00	0.00	0.00
Total Non-Current Liabilities	5.71	2.08	1.47	1.47	1.98	1.98	1.46	2.50	-	3.42	1.81	0.11
Total Liabilities	43.44	32.13	50.04	50.04	56.54	56.54	51.67	45.41	45.41	49.96	44.32	32.43
Stockholders' Equity
Common Stock	0.24	0.23	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.21	0.21	0.21
Retained Earnings	-17.17	7.46	10.61	10.61	6.71	6.71	7.44	9.22	9.22	5.83	3.43	4.98
Accumulated Other Comprehensive Income	-1.15	-1.20	-3.34	-3.34	-4.94	-4.94	-5.03	-3.91	-3.91	-3.60	-3.64	-1.69
Treasury Stock	1.05	2.08	-	0.29	-	0.29	0.10	-	-	-	-	-
Additional Paid-in Capital	18.70	19.89	20.72	21.00	20.42	20.71	17.23	16.64	-	16.51	16.30	16.16
Minority Interest	0.00	0.00	12.02	12.02	15.63	15.63	17.60	16.46	-	12.42	8.48	5.91
Shares Outstanding	24.13	23.45	-	23.24	-	22.65	21.32	-	-	-	-	-
Total Stockholders' Equity	0.62	24.31	28.23	40.25	22.43	38.06	37.35	22.16	38.62	18.96	16.30	19.65
Total Liabilities & Equity	44.06	56.43	90.28	90.28	94.60	94.60	89.02	84.03	-	81.33	69.10	57.99

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

SPAR Group Balance Sheet Analysis

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