SemiLEDs Corporation (LEDS) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 12.45M | 10.25M | 11.3M | 17.72M | 18.24M | 5.49M | 5.96M | 6.38M | 6.44M | 7.34M | 7.59M | 8.47M | 8.88M | 9.01M | 9.14M | 9.06M | 9.83M | 9.54M | 10.05M | 7.18M |
| Cash & Short-Term Investments | 3.98M | 2.89M | 2.59M | 2.44M | 2.38M | 1.25M | 1.67M | 1.68M | 1.61M | 2.32M | 2.57M | 3.04M | 3.86M | 4.51M | 4.27M | 3.02M | 3.71M | 4.08M | 4.83M | 1.67M |
| Cash Only | 3.98M | 2.89M | 2.59M | 2.44M | 2.38M | 1.25M | 1.67M | 1.68M | 1.61M | 2.32M | 2.57M | 3.04M | 3.86M | 4.51M | 4.27M | 3.02M | 3.71M | 4.08M | 4.83M | 1.67M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.65M | 1.87M | 3.59M | 164K | 280K | 261K | 416K | 668K | 748K | 897K | 793K | 981K | 530K | 610K | 880K | 1.71M | 1.44M | 811K | 865K | 1.07M |
| Days Sales Outstanding | 148.7 | 96.61 | 13.05 | 1.16 | 2.24 | 24.43 | 37.66 | 49.23 | 84.48 | 46.6 | 56.16 | 41.4 | 44.53 | 40 | 73.13 | 81.02 | 46.49 | 52.05 | 64.82 | 59.68 |
| Inventory | 4.88M | 3.92M | 4.78M | 11.93M | 13.53M | 3.72M | 3.57M | 3.67M | 3.75M | 3.9M | 4.02M | 4.21M | 4.26M | 3.68M | 3.78M | 4.09M | 4.33M | 4.25M | 3.94M | 3.62M |
| Days Inventory Outstanding | 374.63 | 155.16 | 59.14 | 70.09 | 78.67 | 331.64 | 284.68 | 437.83 | 449.47 | 256.39 | 268.08 | 270.82 | 401.41 | 275.66 | 280.74 | 267.68 | 233.66 | 295.25 | 284.63 | 387.17 |
| Other Current Assets | 1.94M | 1.57M | 345K | 3.18M | 2.05M | 262K | 301K | 359K | 324K | 225K | 207K | 241K | 227K | 81K | 82K | 86K | 89K | 90K | 90K | 90K |
| Total Non-Current Assets | 3.81M | 3.98M | 4.29M | 5.46M | 4.94M | 4.91M | 5.18M | 5.13M | 5.58M | 5.82M | 5.86M | 6.11M | 6.32M | 6.55M | 6.91M | 7.37M | 7.84M | 7.93M | 8.19M | 8.45M |
| Property, Plant & Equipment | 3.4M | 3.57M | 3.85M | 4.12M | 3.72M | 3.65M | 3.89M | 3.9M | 4.31M | 4.53M | 4.6M | 4.82M | 5.13M | 5.35M | 5.72M | 6.13M | 6.56M | 6.63M | 6.88M | 7.14M |
| Fixed Asset Turnover | 0.31x | 0.69x | 3.32x | 4.50x | 2.95x | 0.33x | 0.34x | 0.32x | 0.20x | 0.36x | 0.31x | 0.34x | 0.22x | 0.31x | 0.27x | 0.28x | 0.33x | 0.22x | 0.20x | 0.20x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 110K | 109K | 100K | 94K | 89K | 85K | 90K | 91K | 96K | 100K | 97K | 98K | 95K | 97K | 102K | 105K | 112K | 122K | 126K | 130K |
| Long-Term Investments | 49K | 227K | 242K | 1.01M | 930K | 949K | 969K | 957K | 1.08M | 1M | 974K | 913K | 921K | 909K | 922K | 966K | 1M | 1.01M | 1.01M | 1.01M |
| Other Non-Current Assets | 252K | 76K | 95K | 230K | 206K | 223K | 228K | 190K | 100K | 186K | 186K | 286K | 170K | 196K | 170K | 170K | 172K | 164K | 169K | 169K |
| Total Assets | 16.26M | 14.23M | 15.59M | 23.18M | 23.19M | 10.4M | 11.14M | 11.51M | 12.02M | 13.16M | 13.46M | 14.58M | 15.2M | 15.57M | 16.05M | 16.43M | 17.67M | 17.47M | 18.24M | 15.64M |
| Asset Turnover | 0.07x | 0.17x | 0.68x | 0.76x | 0.65x | 0.12x | 0.12x | 0.11x | 0.07x | 0.12x | 0.10x | 0.11x | 0.07x | 0.11x | 0.10x | 0.10x | 0.12x | 0.08x | 0.08x | 0.09x |
| Asset Growth % | -29.87% | 36.84% | 40% | 101.37% | 92.91% | -20.97% | -17.22% | -21.07% | -20.91% | -15.46% | -16.19% | -11.26% | -14.01% | -10.89% | -11.98% | 5.1% | 16.82% | 25.37% | 25.1% | 6.61% |
| Total Current Liabilities | 13.64M | 10.92M | 11.38M | 17.57M | 17.97M | 7.11M | 7.02M | 6.78M | 6.64M | 9.9M | 9.7M | 9.75M | 9.53M | 9.4M | 9.26M | 9.35M | 9.6M | 9.37M | 9.51M | 9.79M |
| Accounts Payable | 2.16M | 1.59M | 5.03M | 10.85M | 445K | 340K | 137K | 203K | 179K | 409K | 436K | 544K | 508K | 210K | 286K | 612K | 997K | 757K | 753K | 530K |
| Days Payables Outstanding | 159.2 | 117.95 | 56.19 | 31.09 | 3.58 | 21.68 | 13.36 | 22.53 | 34.57 | 27.36 | 31.93 | 33.65 | 36.3 | 18.32 | 32 | 51.11 | 47.75 | 54.44 | 48.34 | 57.51 |
| Short-Term Debt | 1.26M | 1.26M | 1.27M | 1.28M | 1.24M | 2.85M | 2.85M | 2.85M | 2.86M | 5.05M | 5.04M | 5.07M | 5.07M | 5.06M | 5.06M | 5.1M | 5.11M | 5.11M | 5.11M | 5.13M |
| Deferred Revenue (Current) | 6.3M | 3.95M | 796K | 1.41M | 12.68M | 336K | 344K | 349K | 365K | 368K | 346K | 373K | 419K | 497K | 346K | 0 | 0 | 0 | 293K | 500K |
| Other Current Liabilities | 2.31M | 2.55M | 2.66M | 2.51M | 2.06M | 2.27M | 2.2M | 2.04M | 1.92M | 2.21M | 2.1M | 2.17M | 1.94M | 2.15M | 2.08M | 0 | 0 | 0 | 2.01M | 0 |
| Current Ratio | 0.91x | 0.94x | 0.99x | 1.01x | 1.02x | 0.77x | 0.85x | 0.94x | 0.97x | 0.74x | 0.78x | 0.87x | 0.93x | 0.96x | 0.99x | 0.97x | 1.02x | 1.02x | 1.06x | 0.73x |
| Quick Ratio | 0.55x | 0.58x | 0.57x | 0.33x | 0.26x | 0.25x | 0.34x | 0.40x | 0.40x | 0.35x | 0.37x | 0.44x | 0.48x | 0.57x | 0.58x | 0.53x | 0.57x | 0.56x | 0.64x | 0.36x |
| Cash Conversion Cycle | 364.13 | 133.82 | 16 | 40.16 | 77.33 | 334.38 | 308.99 | 464.53 | 499.39 | 275.63 | 292.32 | 278.56 | 409.64 | 297.34 | 321.87 | 297.58 | 232.4 | 292.86 | 301.11 | 389.34 |
| Total Non-Current Liabilities | 1.11M | 1.25M | 1.43M | 1.62M | 1.62M | 1.71M | 1.87M | 1.97M | 2.29M | 2.51M | 2.56M | 2.81M | 2.99M | 3.11M | 3.3M | 3.59M | 3.89M | 3.95M | 4.11M | 4.27M |
| Long-Term Debt | 193K | 308K | 434K | 566K | 626K | 744K | 870K | 969K | 1.11M | 1.24M | 1.33M | 1.49M | 1.63M | 1.72M | 1.87M | 2.08M | 2.29M | 2.43M | 2.57M | 2.71M |
| Capital Lease Obligations | 920K | 937K | 996K | 1.05M | 991K | 965K | 997K | 1M | 1.18M | 1.27M | 1.23M | 1.31M | 1.36M | 1.38M | 1.44M | 1.51M | 1.6M | 1.51M | 1.54M | 1.56M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 14.76M | 12.16M | 12.81M | 19.19M | 19.59M | 8.82M | 8.89M | 8.75M | 8.93M | 12.41M | 12.26M | 12.55M | 12.52M | 12.51M | 12.56M | 12.94M | 13.49M | 13.32M | 13.61M | 14.06M |
| Total Debt | 2.5M | 2.65M | 2.85M | 3.04M | 2.99M | 4.63M | 4.82M | 4.93M | 5.28M | 7.65M | 7.74M | 8.02M | 8.2M | 8.3M | 8.51M | 8.83M | 9.14M | 9.14M | 9.31M | 9.51M |
| Net Debt | -1.47M | -243K | 256K | 601K | 603K | 3.38M | 3.14M | 3.25M | 3.67M | 5.33M | 5.17M | 4.98M | 4.34M | 3.79M | 4.23M | 5.8M | 5.43M | 5.06M | 4.48M | 7.84M |
| Debt / Equity | 1.67x | 1.28x | 1.02x | 0.76x | 0.83x | 2.93x | 2.14x | 1.78x | 1.71x | 10.21x | 6.48x | 3.95x | 3.06x | 2.71x | 2.43x | 2.53x | 2.19x | 2.20x | 2.01x | 6.05x |
| Debt / EBITDA | - | - | - | 22.04x | 11.23x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | 4.36x | 2.27x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -26.41x | -60.83x | -107.55x | 12.15x | 10.24x | -7.16x | -14.61x | -4.45x | -7.57x | -5.77x | -11.94x | -10.28x | -7.38x | -4.85x | -11.37x | -8.69x | -0.65x | -4.77x | -18.77x | 0.39x |
| Total Equity | 1.5M | 2.07M | 2.78M | 3.99M | 3.6M | 1.58M | 2.25M | 2.77M | 3.09M | 750K | 1.19M | 2.03M | 2.68M | 3.06M | 3.5M | 3.49M | 4.18M | 4.15M | 4.63M | 1.57M |
| Equity Growth % | -58.16% | 30.95% | 23.61% | 44.45% | 16.27% | 110.67% | 88.36% | 36.21% | 15.46% | -75.48% | -65.87% | -41.9% | -35.93% | -26.32% | -24.38% | 122.26% | 157.71% | 125.41% | 80.14% | -40.27% |
| Book Value per Share | 0.18 | 0.25 | 0.34 | 0.55 | 0.50 | 0.22 | 0.31 | 0.38 | 0.63 | 0.15 | 0.24 | 0.41 | 0.55 | 0.63 | 0.77 | 0.77 | 0.93 | 0.93 | 1.05 | 0.39 |
| Total Shareholders' Equity | 1.5M | 2.07M | 2.78M | 3.99M | 3.6M | 1.58M | 2.2M | 2.71M | 3.04M | 704K | 1.15M | 1.99M | 2.63M | 3.01M | 3.45M | 3.45M | 4.13M | 4.12M | 4.59M | 1.53M |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -191.16M | -190.55M | -189.81M | -188.62M | -188.84M | -189.23M | -188.68M | -188.12M | -187.8M | -187.24M | -186.65M | -185.76M | -185.01M | -184.47M | -183.96M | -182.82M | -181.9M | -181.73M | -181.21M | -179.38M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 3.64M | 3.64M | 3.65M | 3.68M | 3.52M | 3.53M | 3.54M | 3.53M | 3.57M | 3.59M | 3.55M | 3.66M | 3.69M | 3.64M | 3.7M | 3.69M | 3.58M | 3.55M | 3.54M | 3.54M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 48K | 50K | 48K | 46K | 43K | 44K | 44K | 48K | 45K | 48K | 51K | 31K | 39K | 44K |