LiqTech International, Inc. (LIQT) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q2'21 |
|---|
| Total Current Assets | 14.15M | 15.96M | 18.78M | 19.79M | 20.91M | 20.64M | 15.96M | 17.18M | 19.41M | 22.09M | 24.57M | 25.9M | 26.74M | 27.67M | 29.84M | 33.78M | 24.28M | 28.07M | 30.67M | 35.71M |
| Cash & Short-Term Investments | 2.73M | 5.07M | 7.35M | 8.67M | 10.45M | 10.87M | 4.54M | 5.49M | 6.81M | 9.48M | 10.93M | 11.13M | 12.84M | 15.16M | 16.29M | 17.88M | 9.33M | 15.36M | 20.69M | 25.12M |
| Cash Only | 2.73M | 5.07M | 7.35M | 8.67M | 10.45M | 10.87M | 4.54M | 5.49M | 6.81M | 9.48M | 10.93M | 11.13M | 12.84M | 15.16M | 16.29M | 17.88M | 9.33M | 15.36M | 20.69M | 25.12M |
| 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 | 4.3M | 4.16M | 4.74M | 5.24M | 4.29M | 4.06M | 4.85M | 5.68M | 5.56M | 6.06M | 6.47M | 5.37M | 5.18M | 4.56M | 4.92M | 5.21M | 4.59M | 3.86M | 4.17M | 4.19M |
| Days Sales Outstanding | 92.06 | 131.05 | 120.53 | 87.44 | 81.41 | 120.39 | 195.54 | 114.02 | 124.82 | 146.71 | 107.4 | 96.2 | 109.34 | 108.51 | 140.96 | 88.83 | 104.6 | 60.45 | 92.87 | 94.7 |
| Inventory | 6.48M | 6.48M | 6.43M | 5.51M | 5.71M | 5.54M | 6.26M | 5.62M | 5.51M | 5.27M | 4.56M | 4.42M | 4.42M | 4.06M | 4.66M | 5.45M | 5.81M | 5.42M | 5.12M | 5.57M |
| Days Inventory Outstanding | 155.8 | 183.66 | 179.54 | 114.23 | 112.75 | 138.04 | 203.39 | 134.41 | 123.7 | 123.57 | 100.21 | 105.15 | 105.46 | 101.41 | 145.3 | 105.15 | 149 | 93.74 | 124.62 | 135.22 |
| Other Current Assets | 636.05K | 245.7K | 0 | 367.63K | 459.62K | 168.44K | 0 | 389.18K | 1.54M | 1.28M | 1.3M | 4.98M | 2.2M | 2.16M | 1.31M | 1.82M | 1.9M | 2.13M | 0 | 0 |
| Total Non-Current Assets | 10.8M | 11.32M | 11.52M | 11.93M | 11.66M | 11.79M | 12.76M | 11.4M | 11.95M | 13.88M | 12.27M | 11.43M | 12M | 12.46M | 10.81M | 11.74M | 16.15M | 16.99M | 17.73M | 15.69M |
| Property, Plant & Equipment | 9.99M | 0 | 10.72M | 11.14M | 10.92M | 11.07M | 12M | 10.59M | 11.12M | 13.06M | 11.47M | 10.57M | 11.12M | 11.57M | 10M | 10.68M | 15M | 15.78M | 16.59M | 14.5M |
| Fixed Asset Turnover | 0.41x | - | 0.35x | 0.45x | 0.42x | 0.30x | 0.22x | 0.41x | 0.35x | 0.32x | 0.46x | 0.46x | 0.35x | 0.37x | 0.32x | 0.39x | 0.24x | 0.38x | 0.27x | 0.28x |
| Goodwill | 242.54K | 248.15K | 247.94K | 247.63K | 228.5K | 220.69K | 236.71K | 226.28K | 228.61K | 233.72K | 223.95K | 230K | 230.16K | 226.09K | 206.64K | 220.1K | 235.28K | 240.26K | 245.47K | 251.93K |
| Intangible Assets | 33.32K | 36.13K | 38.13K | 40.11K | 38.88K | 39.37K | 44.16K | 60.13K | 86.28K | 114.59K | 135.36K | 164.98K | 190.78K | 212.93K | 218.19K | 257.25K | 301.24K | 334.74K | 370.01K | 408.19K |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 534.5K | 11.03M | 519.36K | 505.38K | 469.45K | 456.66K | 486.54K | 517.12K | 522.03K | 470.35K | 446.15K | 457.11K | 457.4K | 450.04K | 390.63K | 582.96K | 619K | 628.11K | 517.85K | 530.42K |
| Total Assets | 24.95M | 27.28M | 30.3M | 31.72M | 32.57M | 32.43M | 28.73M | 28.58M | 31.37M | 35.97M | 36.84M | 37.32M | 38.74M | 40.13M | 40.65M | 45.52M | 40.43M | 45.05M | 48.39M | 51.4M |
| Asset Turnover | 0.16x | 0.11x | 0.12x | 0.15x | 0.14x | 0.11x | 0.09x | 0.15x | 0.13x | 0.11x | 0.14x | 0.13x | 0.10x | 0.10x | 0.08x | 0.12x | 0.09x | 0.13x | 0.08x | 0.09x |
| Asset Growth % | -23.4% | -15.88% | 5.47% | 10.99% | 3.84% | -9.85% | -22.02% | -23.42% | -19.04% | -10.35% | -9.38% | -18.01% | -4.18% | -10.94% | -16% | -11.45% | 10% | 6.74% | 19.29% | 17.63% |
| Total Current Liabilities | 5.66M | 4.72M | 5.37M | 5.48M | 5.51M | 4.9M | 6M | 6.26M | 6.63M | 7.5M | 7.73M | 6.84M | 6.61M | 6.09M | 6.53M | 7.9M | 19.12M | 16.87M | 14.34M | 14.04M |
| Accounts Payable | 2.04M | 1.55M | 1.96M | 1.53M | 1.76M | 1.3M | 1.72M | 1.81M | 2.16M | 2.44M | 2.23M | 1.96M | 2.22M | 1.39M | 1.62M | 1.92M | 2.02M | 1.65M | 2.02M | 1.76M |
| Days Payables Outstanding | 43.15 | 50.06 | 52.59 | 33.49 | 30.65 | 35.28 | 60.41 | 48.03 | 52.89 | 58.85 | 46.84 | 49.67 | 44.81 | 34.97 | 50.89 | 36.86 | 48.7 | 32.65 | 44.12 | 44.67 |
| Short-Term Debt | 1.22M | 1.23M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.08M | 8.4M | 5.88M | 3.36M |
| Deferred Revenue (Current) | 181.55K | 0 | 0 | 102.71K | 138.81K | 109.32K | 0 | 333.5K | 553.99K | 382.65K | 0 | 878.2K | 0 | 649.56K | 635.17K | 595.15K | 692.64K | 914.83K | 908.17K | 1.91M |
| Other Current Liabilities | 2.23M | 1.94M | 70.24K | 0 | 0 | 0 | 913.85K | 0 | 0 | 0 | 1.23M | 0 | 1.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 2.50x | 3.38x | 3.50x | 3.61x | 3.80x | 4.21x | 2.66x | 2.74x | 2.93x | 2.95x | 3.18x | 3.78x | 4.04x | 4.55x | 4.57x | 4.28x | 1.27x | 1.66x | 2.14x | 2.54x |
| Quick Ratio | 1.35x | 2.01x | 2.30x | 2.61x | 2.76x | 3.08x | 1.62x | 1.85x | 2.10x | 2.24x | 2.59x | 3.14x | 3.37x | 3.88x | 3.85x | 3.59x | 0.97x | 1.34x | 1.78x | 2.15x |
| Cash Conversion Cycle | 204.71 | 264.64 | 247.48 | 168.19 | 163.51 | 223.15 | 338.52 | 200.4 | 195.64 | 211.43 | 160.77 | 151.68 | 169.99 | 174.95 | 235.37 | 157.13 | 204.9 | 121.53 | 173.37 | 185.25 |
| Total Non-Current Liabilities | 11.74M | 12.18M | 12.15M | 12.31M | 12M | 10.87M | 11.31M | 10.05M | 10.2M | 11.2M | 9.83M | 10.45M | 10.64M | 10.73M | 10.07M | 10.55M | 12.46M | 15.41M | 18.36M | 18.29M |
| Long-Term Debt | 6.76M | 10.7M | 6.63M | 6.5M | 6.37M | 5.3M | 5.14M | 4.98M | 4.83M | 4.69M | 4.54M | 5.65M | 5.56M | 5.48M | 5.4M | 5.34M | 3.96M | 6.19M | 8.42M | 10.64M |
| Capital Lease Obligations | 4.92M | 5.35M | 5.46M | 5.74M | 5.57M | 5.51M | 6.1M | 4.99M | 5.28M | 6.41M | 5.18M | 4.67M | 4.93M | 5.09M | 4.52M | 5.03M | 8.23M | 8.65M | 9.14M | 6.8M |
| Deferred Tax Liabilities | 61.85K | 63.65K | 0 | 64.28K | 59.66K | 57.96K | 62.53K | 69.53K | 84.47K | 101.06K | 0 | 128.54K | 0 | 154.65K | 154.48K | 178.39K | 205.32K | 224.78K | 245.26K | 267.56K |
| Other Non-Current Liabilities | 0 | -3.93M | 63.98K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 111.08K | 0 | 142.95K | 0 | 0 | 0 | 61.55K | 346.94K | 564.62K | 579.48K |
| Total Liabilities | 17.4M | 16.91M | 17.52M | 17.79M | 17.5M | 15.77M | 17.3M | 16.31M | 16.83M | 18.7M | 17.56M | 17.3M | 17.26M | 16.82M | 16.6M | 18.45M | 31.58M | 32.28M | 32.7M | 32.33M |
| Total Debt | 12.89M | 17.28M | 13.23M | 13.39M | 12.99M | 11.81M | 12.3M | 10.9M | 11.06M | 12.22M | 10.83M | 11.33M | 11.49M | 11.54M | 10.75M | 11.27M | 23.51M | 24.46M | 24.59M | 21.89M |
| Net Debt | 10.16M | 12.21M | 5.88M | 4.72M | 2.55M | 944.93K | 7.77M | 5.41M | 4.25M | 2.74M | -100.95K | 202.95K | -1.35M | -3.62M | -5.54M | -6.61M | 14.18M | 9.1M | 3.9M | -3.23M |
| Debt / Equity | 1.71x | 1.67x | 1.04x | 0.96x | 0.86x | 0.71x | 1.08x | 0.89x | 0.76x | 0.71x | 0.56x | 0.57x | 0.53x | 0.49x | 0.45x | 0.42x | 2.66x | 1.91x | 1.57x | 1.15x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -10.89x | -2.53x | -22.03x | -13.62x | -9.90x | -14.49x | -13.88x | -10.82x | -10.03x | -15.69x | -10.79x | -10.83x | -23.90x | -20.10x | -14.68x | -2.13x | -6.47x | -4.27x | -4.54x | -5.66x |
| Total Equity | 7.55M | 10.37M | 12.78M | 13.93M | 15.07M | 16.65M | 11.42M | 12.27M | 14.54M | 17.28M | 19.28M | 20.02M | 21.49M | 23.31M | 24.05M | 27.07M | 8.85M | 12.77M | 15.7M | 19.08M |
| Equity Growth % | -49.89% | -37.72% | 11.87% | 13.49% | 3.64% | -3.6% | -40.75% | -38.7% | -32.34% | -25.88% | -19.85% | -26.03% | 142.74% | 82.46% | 53.21% | 41.9% | -58.15% | -48.53% | -41.79% | -26.51% |
| Book Value per Share | 0.77 | 1.08 | 1.33 | 1.45 | 1.57 | 2.14 | 1.96 | 2.11 | 2.50 | 3.02 | 3.38 | 3.54 | 3.80 | 4.24 | 4.38 | 6.75 | 3.32 | 4.80 | 5.77 | 7.01 |
| Total Shareholders' Equity | 7.63M | 10.43M | 12.81M | 13.93M | 15.06M | 16.65M | 11.42M | 12.27M | 14.54M | 17.28M | 19.28M | 20.02M | 21.49M | 23.31M | 24.05M | 27.07M | 8.85M | 12.77M | 15.7M | 19.08M |
| Common Stock | 9.95K | 9.63K | 9.63K | 9.61K | 9.61K | 9.47K | 5.85K | 5.82K | 5.81K | 5.73K | 5.73K | 5.7K | 45.27K | 5.5K | 43.9K | 43.89K | 21.35K | 21.29K | 21.29K | 21.78K |
| Retained Earnings | -97.51M | -94.8M | -92.2M | -90.77M | -88.62M | -86.27M | -83.26M | -80.42M | -78.31M | -75.92M | -72.71M | -71.3M | -69.74M | -67.35M | -65.19M | -63.44M | -56.93M | -53.18M | -50.52M | -47.61M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5.34M | -5.21M | -5.17M | -5.22M | -6.01M | -6.36M | -5.64M | -6.36M | -6.15M | -5.6M | -6.68M | -6.01M | -5.91M | -6.32M | -7.59M | -5.95M | -5.33M | -4.98M | -4.59M | -3.99M |
| Minority Interest | -76.08K | -61.09K | -30.76K | -2.97K | 6.84K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |