How much debt does XWELL have?

XWELL had total debt of $12.49M as of Dec 31, 2025, against $2.62M in cash and short-term investments. Total debt was $10.77M a year earlier.

What are XWELL's total assets?

XWELL reported total assets of $11.22M as of Dec 31, 2025, down 55.8% from $25.35M a year earlier. Total liabilities were $23.80M.

What is XWELL's shareholders' equity?

XWELL's shareholders' equity was negative at −$22.04M as of Dec 31, 2025, so its liabilities exceeded its assets.

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.

XWELL (XWEL) Balance Sheet: Assets & Liabilities

XWELL 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 XWELL, Inc. (XWEL) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	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	Mar 2025	Dec 2024	Mar 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	2.62	4.55	4.55	8.44	8.44	19.04	19.04	105.51	89.80	89.80	2.18	3.40	6.37
Short-Term Investments	0.01	7.25	7.25	14.61	14.61	23.15	23.15	0.00	0.00	-	0.00	0.00	0.00
Cash & Short-Term Investments	2.62	11.80	11.80	23.05	23.05	42.19	42.19	105.51	89.80	89.80	2.18	3.40	6.37
Accounts Receivable	1.56	1.79	1.79	1.67	1.67	2.86	2.86	0.62	0.00	-	0.00	0.00	0.80
Inventory	0.51	0.50	0.50	0.90	0.90	1.16	1.16	1.76	0.66	0.66	0.65	0.78	1.16
Other Current Assets	1.22	1.25	1.25	0.95	0.95	1.12	1.12	0.05	1.32	1.14	1.10	1.57	7.77
Total Current Assets	5.91	15.34	15.34	26.57	26.57	47.33	47.33	108.98	91.78	91.78	3.93	5.76	16.09
Non-Current Assets
Property, Plant & Equipment (Net)	2.70	5.22	5.22	7.11	7.11	11.94	11.94	10.99	7.20	7.20	16.32	11.80	15.80
Long-Term Investments	0.25	0.09	0.09	0.05	0.05	0.10	0.10	0.72	1.77	1.77	0.48	2.48	2.81
Goodwill	0.00	1.39	1.39	1.37	1.37	4.02	4.02	0.00	0.00	-	0.00	0.00	19.63
Intangible Assets	0.10	1.02	1.02	1.35	1.35	4.01	4.01	3.73	0.87	0.87	6.78	9.17	11.55
Other Non-Current Assets	2.25	2.30	2.39	2.54	2.59	3.02	3.12	0.81	1.52	1.52	1.21	0.49	2.17
Total Non-Current Assets	5.31	10.02	10.02	12.43	12.43	23.09	23.09	18.29	11.36	-	24.79	24.83	49.15
Total Assets	11.22	25.35	25.35	38.99	38.99	70.43	70.43	127.27	103.13	103.13	28.72	30.58	65.24
Current Liabilities
Accounts Payable	2.84	1.61	1.61	1.10	1.10	2.31	2.31	5.54	2.44	2.44	7.07	4.54	3.36
Short-Term Debt	5.45	2.38	-	4.80	-	2.59	-	3.58	6.10	3.30	3.67	8.49	0.00
Current Portion of Long-Term Debt	3.59	-	-	-	-	-	-	3.58	-	3.30	-	-	-
Accrued Liabilities	2.94	-	4.09	-	4.97	-	5.72	3.46	-	0.41	-	-	-
Deferred Revenue	1.13	1.14	1.14	0.86	0.86	0.34	0.34	0.55	0.91	1.41	0.28	4.22	0.00
Other Current Liabilities	3.48	3.52	0.02	2.07	0.45	5.15	0.96	0.50	3.48	2.57	4.77	2.91	8.52
Total Current Liabilities	12.89	9.22	9.22	9.33	9.33	10.96	10.96	19.83	13.48	13.48	16.22	16.66	12.50
Non-Current Liabilities
Long-Term Debt	7.04	8.39	8.39	8.69	8.69	11.52	11.52	7.50	9.29	2.36	11.59	0.00	6.50
Other Non-Current Liabilities	3.87	0.00	-	0.00	-	0.00	-	0.00	0.00	-	3.45	0.79	0.40
Total Non-Current Liabilities	10.91	8.39	8.39	8.69	8.69	11.52	11.52	7.50	9.29	-	15.04	0.79	6.90
Total Liabilities	23.80	17.61	17.61	18.02	18.02	22.48	22.48	27.33	22.76	22.76	31.26	17.45	19.40
Stockholders' Equity
Common Stock	0.06	0.05	0.05	0.04	0.04	0.83	0.04	1.01	0.94	0.94	0.05	0.35	0.27
Retained Earnings	-489.70	-472.71	-472.71	-455.85	-455.85	-428.11	-428.11	-395.28	-398.62	-398.62	-308.14	-286.91	-249.71
Accumulated Other Comprehensive Income	-1.54	-1.96	-1.96	-1.92	-1.92	-0.53	-0.53	-0.31	-0.22	-0.22	-0.28	-0.25	-0.07
Additional Paid-in Capital	468.92	473.82	473.82	470.74	470.74	467.74	468.53	487.31	475.71	-	302.12	295.90	290.40
Minority Interest	9.46	8.53	8.53	7.97	7.97	8.02	8.02	7.20	2.57	-	3.70	4.03	4.96
Shares Outstanding	6.07	-	5.26	-	4.18	-	4.16	5.06	-	-	-	-	-
Total Stockholders' Equity	-22.04	-0.79	7.74	13.00	20.97	39.93	47.95	92.73	77.81	80.37	-6.24	9.11	40.88
Total Liabilities & Equity	11.22	25.35	25.35	38.99	38.99	70.43	70.43	127.27	103.13	-	28.72	30.58	65.24

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

XWELL Balance Sheet Analysis

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