Luda Technology Group Ltd balance sheet

At the end of fiscal 2025, Luda Technology Group Ltd had total assets of $49.1m, total liabilities of $26.9m and shareholders' equity of $22.2m. It held $4.5m in cash against $12.7m of debt: net debt of $8.2m.

Balance sheet

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

Luda Technology Group Ltd: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	4	8	8	5
Receivables	0	17	13	13
Inventory	—	6	5	5
Total current assets	—	40	32	40
Total assets	—	47	39	49
Accounts payable	—	12	9	11
Deferred revenue (current)	—	0	0	0
Total current liabilities	—	29	26	25
Short-term debt	—	11	12	11
Long-term debt	—	—	1	2
Total debt	0	11	12	13
Total liabilities	—	30	27	27
Shareholders' equity	15	17	13	22
Net debt (negative = net cash)	−4	3	4	8
Shares outstanding	—	20m	20m	23m

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 Luda Technology Group Ltd's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Luda Technology Group Ltd.