FST Corp. balance sheet

At the end of fiscal 2025, FST Corp. had total assets of $60.9m, total liabilities of $45.4m and shareholders' equity of $15.4m. It held $7.2m in cash against $18.2m of debt: net debt of $11.0m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

FST Corp.: balance sheet, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	9	5	7
Receivables	5	5	7
Inventory	15	15	12
Total current assets	30	27	27
Total assets	63	58	61
Accounts payable	1	2	3
Deferred revenue (current)	0	0	0
Total current liabilities	21	22	30
Short-term debt	14	15	18
Long-term debt	—	25	29
Total debt	14	15	18
Total liabilities	36	35	45
Shareholders' equity	27	23	15
Net debt (negative = net cash)	5	10	11
Shares outstanding	55m	38m	45m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from FST Corp.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to FST Corp.