Mdxhealth SA balance sheet

At the end of fiscal 2025, Mdxhealth SA had total assets of $148m, total liabilities of $160m and shareholders' equity of −$12.1m. It held $29.0m in cash against $76.2m of debt: net debt of $47.2m.

Balance sheet

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

Mdxhealth SA: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	—	16	58	16	22	47	29
Receivables	—	4	5	9	11	14	15
Inventory	—	2	2	2	3	4	7
Total current assets	—	23	67	29	38	67	53
Goodwill	1	—	0	36	36	36	39
Total assets	—	32	75	119	129	157	148
Total current liabilities	—	13	16	18	20	43	50
Short-term debt	—	3	4	1	1	0	—
Long-term debt	—	—	—	—	36	51	76
Total debt	—	3	4	35	36	51	76
Total liabilities	—	26	28	110	122	142	160
Shareholders' equity	20	6	47	9	7	15	−12
Net debt (negative = net cash)	—	−13	−54	19	14	4	47

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 Mdxhealth SA's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Mdxhealth SA.