MDxHealth S.A. (MDXH) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | 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 | Q4'16 | Q2'16 |
|---|
| Total Current Assets | 53.41M | 53.78M | 66.89M | 40.9M | 38.16M | 51.73M | 29.15M | 49.87M | 66.61M | 38.73M | 23.09M | 31.53M | 30.91M | 32.2M | 47.86M | 64.28M | 39.32M | 48.62M | 51.49M | 36.03M |
| Cash & Short-Term Investments | 29.03M | 32.81M | 46.8M | 21.34M | 22.38M | 39.47M | 15.6M | 40.02M | 58.59M | 31.32M | 15.95M | 23.78M | 22.1M | 12.16M | 26.2M | 40.93M | 16.83M | 30.51M | 30.51M | 20.11M |
| Cash Only | 29.03M | 32.81M | 46.8M | 21.34M | 22.38M | 39.47M | 15.5M | 40.02M | 58.5M | 31.32M | 15.95M | 23.78M | 22.05M | 12.16M | 26.2M | 40.93M | 16.83M | 30.51M | 30.51M | 20.11M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 101K | 0 | 89K | 0 | 0 | 0 | 51K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 14.68M | 15.71M | 14.53M | 13.45M | 11.27M | 8.1M | 9.36M | 5.04M | 4.58M | 4.29M | 3.89M | 5.02M | 6.64M | 17.94M | 19.06M | 21.07M | 19.82M | 15.79M | 18.54M | 13.96M |
| Days Sales Outstanding | 25.36 | 51.86 | 26.57 | 26.86 | 22.81 | 25.33 | 27.31 | 33.73 | 35.19 | 34.81 | 47.39 | 53.86 | 1.23K | 155.28 | 163.52 | 108.48 | 100.01 | 64.56 | 87.08 | 88.53 |
| Inventory | 6.74M | 3.66M | 3.87M | 3.75M | 2.78M | 2.67M | 2.33M | 2.09M | 1.91M | 2.12M | 2.32M | 1.74M | 1.19M | 1.17M | 1.81M | 1.41M | 1.92M | 1.39M | 1.48M | 1.27M |
| Days Inventory Outstanding | 18.71 | 38 | 19.04 | 17.91 | 18.4 | 17.91 | 19.01 | 25.22 | 29.13 | 36.75 | 35.46 | 25.71 | 18.46 | 23.01 | 29.49 | 22.76 | 28.99 | 26.17 | 22.37 | 27.46 |
| Other Current Assets | 2.96M | 1.6M | 135K | 2.35M | 146K | 0 | 151K | 0 | 504K | 0 | 52K | 0 | 54K | 0 | 120K | 0 | 110K | 0 | -37K | 0 |
| Total Non-Current Assets | 94.54M | 86.85M | 90.43M | 89.96M | 90.97M | 90.81M | 89.99M | 8.64M | 8.47M | 7.65M | 8.77M | 8.32M | 9.72M | 17.69M | 17.61M | 18.92M | 19.2M | 18.04M | 16.23M | 14.37M |
| Property, Plant & Equipment | 14.68M | 12.14M | 12.98M | 9.51M | 9.95M | 9.98M | 7.89M | 5.53M | 5.02M | 3.4M | 3.71M | 2.04M | 2.45M | 3.13M | 2.07M | 2.43M | 2.57M | 2.34M | 2.26M | 2.04M |
| Fixed Asset Turnover | 4.08x | 2.12x | 4.27x | 4.32x | 3.89x | 3.52x | 3.58x | 2.47x | 2.73x | 3.02x | 2.98x | 4.40x | 0.33x | 4.18x | 4.97x | 6.88x | 6.62x | 10.54x | 7.92x | 6.59x |
| Goodwill | 38.95M | 35.93M | 35.93M | 35.93M | 35.93M | 35.93M | 35.93M | 0 | 0 | 0 | 0 | 0 | 0 | 1.15M | 1.15M | 1.15M | 1.15M | 1.15M | 1.15M | 1.15M |
| Intangible Assets | 39.42M | 37.95M | 40.59M | 43.25M | 44.34M | 44.91M | 46.17M | 3.1M | 3.45M | 4.25M | 5.06M | 6.28M | 7.27M | 13.41M | 14.39M | 15.35M | 15.49M | 14.55M | 12.83M | 11.18M |
| Long-Term Investments | 1.5M | 835K | 936K | 1.27M | 763K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 763K | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 147.95M | 140.63M | 157.33M | 130.86M | 129.13M | 142.54M | 119.14M | 58.51M | 75.07M | 46.38M | 31.86M | 39.86M | 40.63M | 49.88M | 65.48M | 83.2M | 58.52M | 66.66M | 67.72M | 50.39M |
| Asset Turnover | 0.38x | 0.18x | 0.33x | 0.32x | 0.29x | 0.24x | 0.27x | 0.19x | 0.19x | 0.27x | 0.24x | 0.25x | 0.02x | 0.19x | 0.15x | 0.24x | 0.26x | 0.36x | 0.29x | 0.24x |
| Asset Growth % | -5.96% | 7.47% | 21.84% | -8.2% | 8.39% | 143.63% | 58.69% | 26.16% | 135.66% | 16.35% | -21.59% | -20.09% | -37.95% | -40.05% | 11.88% | 24.82% | -13.59% | 32.28% | 17.28% | -8.63% |
| Total Current Liabilities | 49.53M | 41.2M | 42.66M | 45.01M | 19.52M | 41.37M | 18.28M | 20.94M | 16.43M | 12.21M | 13.02M | 10.29M | 10.43M | 8.04M | 11.48M | 11.44M | 13.12M | 9.92M | 12.59M | 10.67M |
| Accounts Payable | 10.33M | 6.74M | 8M | 12.13M | 8.81M | 10.68M | 10.18M | 9.84M | 7.46M | 4.63M | 5.32M | 3.45M | 4.96M | 4.68M | 6.45M | 6.96M | 8.05M | 6.59M | 7.55M | 6.7M |
| Days Payables Outstanding | 30.71 | 74.39 | 50.28 | 57.39 | 65.76 | 74.7 | 86.16 | 109.01 | 87.35 | 82.28 | 76.59 | 73.82 | 75.2 | 85.94 | 122.96 | 102.67 | 128.44 | 129.06 | 115.74 | 135.29 |
| Short-Term Debt | 1.9M | 0 | 324K | 646K | 643K | 640K | 616K | 7.76M | 4.44M | 2.83M | 2.82M | 2.06M | 565K | 73K | 147K | 300K | 191K | 307K | 430K | 447K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.22M | 0 | 0 | 0 | 4.36M | 0 | 3.82M | 0 | 3.54M | 25K |
| Other Current Liabilities | 37.31M | 33M | 26.41M | 30.63M | 3.37M | 24.11M | 2.33M | 412K | 961K | 594K | -2.31M | 909K | 909K | 0 | 402K | 409K | 883K | 883K | 1.08M | 1.12M |
| Current Ratio | 1.08x | 1.31x | 1.57x | 0.91x | 1.95x | 1.25x | 1.59x | 2.38x | 4.05x | 3.17x | 1.77x | 3.07x | 2.96x | 4.01x | 4.17x | 5.62x | 3.00x | 4.90x | 4.09x | 3.38x |
| Quick Ratio | 0.94x | 1.22x | 1.48x | 0.83x | 1.81x | 1.19x | 1.47x | 2.28x | 3.94x | 3.00x | 1.59x | 2.90x | 2.85x | 3.86x | 4.01x | 5.50x | 2.85x | 4.76x | 3.97x | 3.26x |
| Cash Conversion Cycle | 13.36 | 15.46 | -4.67 | -12.62 | -24.56 | -31.46 | -39.84 | -50.06 | -23.02 | -10.71 | 6.26 | 5.75 | 1.17K | 92.36 | 70.06 | 28.57 | 0.56 | -38.34 | -6.29 | -19.3 |
| Total Non-Current Liabilities | 110.51M | 100.31M | 99.83M | 94.66M | 102.4M | 74.52M | 91.54M | 7.81M | 11.74M | 12.68M | 12.99M | 8.85M | 10.48M | 3.22M | 1.88M | 2.12M | 1.86M | 1.57M | 2.39M | 2.28M |
| Long-Term Debt | 84.71M | 75.66M | 50.97M | 51.31M | 35.56M | 35.18M | 34.91M | 3.29M | 7.65M | 9.96M | 10.28M | 7.63M | 9.05M | 0 | 0 | 390K | 147K | 233K | 108K | 217K |
| Capital Lease Obligations | 8.51M | 6.89M | 7.41M | 3.1M | 3.58M | 3.44M | 3.09M | 2.45M | 2.62M | 1.71M | 2.02M | 527K | 735K | 1.05M | 262K | 0 | 376K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 625K | 575K | 632K | 616K | 673K | 729K | 786K |
| Other Non-Current Liabilities | 17.3M | 17.77M | 41.45M | 40.25M | 63.26M | 35.9M | 53.54M | 2.06M | 1.47M | 1.01M | 690K | 690K | 690K | 1.54M | 1.62M | 1.73M | 1.34M | 1.33M | 2.28M | 2.07M |
| Total Liabilities | 160.05M | 141.52M | 142.49M | 139.67M | 121.92M | 115.89M | 109.82M | 28.75M | 28.17M | 24.88M | 26.01M | 19.13M | 20.9M | 11.25M | 13.36M | 13.56M | 14.97M | 11.49M | 14.98M | 12.95M |
| Total Debt | 95.11M | 84.01M | 60.06M | 56.66M | 41.27M | 40.59M | 39.79M | 14.38M | 15.56M | 15.14M | 15.87M | 10.83M | 11M | 1.83M | 526K | 690K | 884K | 540K | 538K | 664K |
| Net Debt | 66.08M | 51.2M | 13.27M | 35.32M | 18.89M | 1.12M | 24.29M | -25.65M | -42.94M | -16.18M | -82K | -12.95M | -11.05M | -10.33M | -25.68M | -40.24M | -15.94M | -29.97M | -29.97M | -19.45M |
| Debt / Equity | - | - | 4.05x | - | 5.72x | 1.52x | 4.27x | 0.48x | 0.33x | 0.70x | 2.71x | 0.52x | 0.56x | 0.05x | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.02x |
| Debt / EBITDA | - | 240.03x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.38x | - | - |
| Net Debt / EBITDA | - | 146.29x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -20.91x | - | - |
| Interest Coverage | -1.38x | -0.24x | -1.47x | -2.71x | -1.96x | -5.50x | -13.47x | -15.35x | -11.99x | -26.55x | -20.61x | -19.31x | -144.74x | -87.19x | -418.20x | -364.68x | - | - | - | - |
| Total Equity | -12.09M | -883K | 14.84M | -8.81M | 7.21M | 26.66M | 9.31M | 29.76M | 46.9M | 21.49M | 5.85M | 20.73M | 19.72M | 38.63M | 52.12M | 69.65M | 43.55M | 55.17M | 52.74M | 37.44M |
| Equity Growth % | -181.49% | 89.98% | 105.9% | -133.06% | -22.62% | -10.43% | -80.14% | 38.47% | 701.83% | 3.7% | -70.35% | -46.35% | -62.15% | -44.53% | 19.68% | 26.24% | -17.43% | 47.35% | 19.16% | -22.28% |
| Book Value per Share | -0.24 | -0.02 | 0.30 | -0.32 | 0.26 | 0.99 | 0.76 | 2.44 | 3.85 | 1.81 | 0.65 | 2.72 | 2.98 | 6.56 | 8.80 | 12.44 | 8.73 | 10.25 | 11.25 | 8.27 |
| Total Shareholders' Equity | -12.09M | -883K | 14.84M | -8.81M | 7.21M | 26.66M | 9.31M | 29.76M | 46.9M | 21.49M | 5.85M | 20.73M | 19.72M | 38.63M | 52.12M | 69.65M | 43.55M | 55.17M | 52.74M | 37.44M |
| Common Stock | 219.21M | 214.67M | 214.67M | 173.93M | 173.93M | 173.05M | 148.42M | 128.45M | 143.42M | 100.36M | 76.72M | 76.84M | 70.72M | 53.88M | 53.88M | 53.88M | 45.95M | 45.95M | 45.85M | 42.89M |
| Retained Earnings | -403.03M | -386.1M | -369.51M | -351.49M | -331.45M | -310.68M | -288.35M | -262.41M | -244.3M | -228.6M | -215.3M | -200.35M | -186.64M | -157.68M | -143.54M | -126.2M | -111.09M | -98.26M | -98.8M | -93.24M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 18.55M | -829K | -615K | -528K | 11.55M | 11.11M | -3.94M | 10.54M | -5.39M | 8.69M | 8.08M | 7.88M | -704K | -792K | -1.17M | -517K | 1.24M | 613K | -686K | -498K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |