Deswell Industries, Inc. (DSWL) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | Q2'26 | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'18 | Q2'18 | Q4'17 | Q2'17 |
|---|
| Total Current Assets | 106.89M | 104.92M | 96.49M | 96.11M | 83.25M | 83.32M | 81.16M | 83.81M | 87.95M | 88.22M | 80.2M | 72.07M | 65.37M | 72.27M | 69.96M | 72.05M | 68.91M | 59.89M | 56.09M | 55.88M |
| Cash & Short-Term Investments | 82.33M | 79.67M | 75.5M | 65.76M | 57.91M | 50.57M | 46.98M | 39M | 43.88M | 46.31M | 46.81M | 46.28M | 42.74M | 37.82M | 39.19M | 37.84M | 32.47M | 27.56M | 29.83M | 26.12M |
| Cash Only | 23.06M | 23.38M | 28.13M | 13.44M | 15.75M | 17.38M | 22.16M | 15.58M | 13.46M | 17.38M | 20.22M | 19.44M | 22.51M | 13.12M | 14.37M | 15.48M | 15.19M | 11.71M | 8.08M | 10.32M |
| Short-Term Investments | 59.27M | 56.29M | 47.37M | 52.32M | 42.16M | 33.19M | 24.82M | 23.43M | 30.42M | 28.93M | 26.59M | 26.84M | 20.22M | 24.7M | 24.82M | 22.36M | 17.28M | 15.85M | 21.75M | 15.8M |
| Accounts Receivable | 11.43M | 13.9M | 10.14M | 17.17M | 12.18M | 16.8M | 15.7M | 22.08M | 18.31M | 17.5M | 14.83M | 14.02M | 12.3M | 21.57M | 16.16M | 19.29M | 16.09M | 15.02M | 13.16M | 11.06M |
| Days Sales Outstanding | 41.13 | 33 | 38.41 | 38.07 | 41.79 | 39.3 | 52.07 | 41.47 | 35.75 | 37.08 | 35.38 | 43.36 | 55.88 | 45.65 | 50.89 | 46.39 | 45.92 | 43.21 | 46.25 | 45.38 |
| Inventory | 11.75M | 10.13M | 9.46M | 11.78M | 12.13M | 14.77M | 17.32M | 20.7M | 23.82M | 20.99M | 16.19M | 10.16M | 8.58M | 10.86M | 13.03M | 12.97M | 12.93M | 13.21M | 10.69M | 9.91M |
| Days Inventory Outstanding | 45.03 | 35.13 | 37.78 | 38.54 | 48.92 | 48.23 | 63.36 | 54.42 | 53.55 | 50.85 | 40.59 | 38.7 | 39.71 | 34.97 | 45.09 | 39.39 | 44.15 | 45.55 | 48.48 | 46.5 |
| Other Current Assets | 1.38M | 1.22M | 897K | 1.4M | 623K | 1.18M | 720K | 2.03M | 1.28M | 3.42M | 1.65M | 1.61M | 1.32M | 0 | 809K | 0 | 1.75M | 0 | 1.76M | 0 |
| Total Non-Current Assets | 23.07M | 23.29M | 23.72M | 24.37M | 27.82M | 28.29M | 29.22M | 29.75M | 27.59M | 27.55M | 27.66M | 27.77M | 30.01M | 30.84M | 30.21M | 30.61M | 31.49M | 36.01M | 34.89M | 35.92M |
| Property, Plant & Equipment | 22.33M | 22.95M | 23.39M | 23.95M | 24.6M | 25.31M | 26.05M | 26.45M | 27.02M | 27.25M | 27.32M | 27.77M | 28.59M | 29.43M | 30.21M | 30.61M | 31.49M | 31.49M | 31.99M | 31.42M |
| Fixed Asset Turnover | 1.24x | 1.43x | 1.37x | 1.45x | 1.27x | 1.47x | 1.26x | 1.66x | 1.68x | 1.46x | 1.35x | 0.98x | 0.95x | 1.26x | 1.05x | 1.12x | 0.98x | 0.94x | 0.75x | 0.65x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 16.8M | 15.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 2.8M | 2.74M | 2.91M | 3.07M | 313K | 308K | 332K | 0 | 1.42M | 1.42M | 0 | 0 | 5.32M | 4.52M | 2.9M | 4.49M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | -28.05M | -28.96M | 231K | 572K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5.32M | 0 | 0 | 0 |
| Total Assets | 129.96M | 128.21M | 120.21M | 120.48M | 111.08M | 111.62M | 110.38M | 113.56M | 115.54M | 115.78M | 107.86M | 99.83M | 95.38M | 103.11M | 100.17M | 102.66M | 100.4M | 95.9M | 90.99M | 91.8M |
| Asset Turnover | 0.22x | 0.27x | 0.27x | 0.30x | 0.28x | 0.34x | 0.30x | 0.39x | 0.40x | 0.36x | 0.36x | 0.28x | 0.28x | 0.37x | 0.31x | 0.34x | 0.31x | 0.32x | 0.26x | 0.23x |
| Asset Growth % | 8.12% | 6.42% | 8.22% | 7.94% | 0.63% | -1.71% | -4.47% | -1.92% | 7.12% | 15.97% | 13.09% | -3.18% | -4.78% | 0.44% | -0.23% | 7.05% | 10.34% | 4.47% | 3.9% | -1.36% |
| Total Current Liabilities | 20.36M | 19.86M | 17.72M | 21.26M | 16.43M | 19.56M | 20.25M | 24.41M | 23.97M | 26.41M | 21.21M | 18.58M | 14.31M | 18.32M | 15.55M | 18.67M | 19.12M | 17.14M | 14.79M | 14.83M |
| Accounts Payable | 6.84M | 7.26M | 5.74M | 8.25M | 5.21M | 7.63M | 6.95M | 10.13M | 9.84M | 12.16M | 9.52M | 8.21M | 4.6M | 8.72M | 6.25M | 9.19M | 8.6M | 7M | 5.15M | 5.28M |
| Days Payables Outstanding | 29.03 | 23.32 | 24.88 | 21.69 | 23.33 | 21.9 | 28.46 | 24.41 | 26.29 | 29.65 | 27.3 | 26.45 | 27.22 | 21.92 | 26.78 | 27.04 | 26.33 | 23.15 | 24.55 | 19.36 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 1.85M | 2.06M | 2.88M | 1.71M | 2.05M | 2.22M | 2.65M | 2.34M | 3.16M | 1.68M | 1.3M | 1.17M | 1.08M | 1.3M | 1.37M | 1.71M | 2.1M | 2.15M | 2.32M |
| Other Current Liabilities | 3.66M | 0 | 0 | 0 | 0 | 1.77M | 1.99M | 2.56M | 2.95M | 2.41M | 0 | 1.82M | 2.45M | 1.76M | 3.62M | 1.92M | 1.87M | 4.74M | 2.84M | 4.94M |
| Current Ratio | 5.25x | 5.28x | 5.45x | 4.52x | 5.07x | 4.26x | 4.01x | 3.43x | 3.67x | 3.34x | 3.78x | 3.88x | 4.57x | 3.95x | 4.50x | 3.86x | 3.60x | 3.49x | 3.79x | 3.77x |
| Quick Ratio | 4.67x | 4.77x | 4.91x | 3.97x | 4.33x | 3.51x | 3.15x | 2.59x | 2.68x | 2.55x | 3.02x | 3.33x | 3.97x | 3.35x | 3.66x | 3.17x | 2.93x | 2.72x | 3.07x | 3.10x |
| Cash Conversion Cycle | 57.13 | 44.82 | 51.31 | 54.92 | 67.38 | 65.63 | 86.96 | 71.47 | 63.01 | 58.29 | 48.67 | 55.61 | 68.37 | 58.7 | 69.2 | 58.73 | 63.75 | 65.61 | 70.18 | 72.51 |
| Total Non-Current Liabilities | 211K | 310K | 371K | 454K | 476K | 447K | 484K | 526K | 659K | 923K | 957K | 832K | 751K | 631K | 659K | 596K | 775K | 9.1M | 7.3M | 7.6M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 211K | 310K | 371K | 454K | 476K | 447K | 484K | 526K | 659K | 923K | 957K | 832K | 751K | 631K | 659K | 596K | 775K | 0 | 889K | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 20.57M | 20.17M | 18.09M | 21.71M | 16.91M | 20M | 20.73M | 24.93M | 24.63M | 27.34M | 22.17M | 19.41M | 15.06M | 18.95M | 16.2M | 19.26M | 19.12M | 17.14M | 14.79M | 14.83M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | -23.06M | -23.38M | -28.13M | -13.44M | -15.75M | -17.38M | -22.16M | -15.58M | -13.46M | -17.38M | -20.22M | -19.44M | -22.51M | -13.12M | -14.37M | -15.48M | -15.19M | -11.71M | -8.08M | -10.32M |
| Debt / Equity | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | -7.55x | -12.50x | -5.20x | -47.30x | -6.05x | -16.28x | -5.38x | -5.19x | -8.89x | -7.12x | -10.98x | -15.41x | -5.58x | -8.94x | -13.53x | -9.36x | -4.81x | -7.06x | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 109.39M | 108.05M | 102.12M | 98.76M | 94.17M | 91.61M | 89.65M | 88.62M | 90.91M | 88.44M | 85.69M | 80.42M | 80.32M | 84.16M | 83.96M | 83.4M | 81.28M | 78.76M | 76.2M | 76.97M |
| Equity Growth % | 7.12% | 9.4% | 8.44% | 7.8% | 5.04% | 3.37% | -1.38% | 0.21% | 6.09% | 9.97% | 6.68% | -4.44% | -4.34% | 0.91% | 3.3% | 5.9% | 6.66% | 2.33% | -0.79% | -3.08% |
| Book Value per Share | 6.87 | 6.78 | 6.40 | 6.20 | 5.88 | 5.74 | 5.60 | 5.56 | 5.67 | 5.51 | 5.36 | 5.04 | 5.05 | 5.27 | 5.20 | 5.22 | 5.05 | 4.96 | 4.76 | 4.79 |
| Total Shareholders' Equity | 109.39M | 108.05M | 102.12M | 98.76M | 94.17M | 91.61M | 89.65M | 88.62M | 90.91M | 88.44M | 85.69M | 80.42M | 80.32M | 84.16M | 83.96M | 83.4M | 81.28M | 78.76M | 76.2M | 76.97M |
| Common Stock | 53.2M | 53.2M | 53.2M | 53.2M | 53.2M | 53.2M | 53.2M | 53.2M | 53.2M | 53.2M | 53.14M | 53.14M | 53.14M | 53.14M | 53.06M | 53.06M | 53.06M | 53.06M | 53.06M | 53.06M |
| Retained Earnings | 45.89M | 44.38M | 38.45M | 35.09M | 30.5M | 27.94M | 25.98M | 24.95M | 27.24M | 24.77M | 22.06M | 16.8M | 16.7M | 20.54M | 20.4M | 19.84M | 17.72M | 15.2M | 12.64M | 13.1M |
| Treasury Stock | -2.99M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | -2.82M | 0 | -2.82M | 0 | -2.82M | 0 | -2.82M | 0 |
| Accumulated OCI | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M | 5.32M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |