The company's financial position is increasingly precarious, with equity deteriorating to a negative $72.8M and a current ratio of 0.91 as of 2027Q1, indicating limited liquidity to manage $574.6M in total debt.
Skillsoft Corp. (SKIL) balance sheet — 7-year assets, liabilities & shareholders' equity history
| Metric | TTM | Jan'26 | Jan'25 | Jan'24 | Jan'23 | Jan'22 | Dec'20 | Dec'19 |
|---|
| Total Current Assets | 213.94M | 310.6M | 332.85M | 385.33M | 405.74M | 420.35M | 3.97M | 2.54M |
| Cash & Short-Term Investments | 90.31M | 100.82M | 100.77M | 136.31M | 170.36M | 152.19M | 3.87M | 2.24M |
| Cash Only | 90.31M | 100.82M | 100.77M | 136.31M | 170.36M | 152.19M | 3.87M | 2.24M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 67.4M | 175.99M | 179.81M | 187.89M | 189.22M | 178.27M | 0 | 0 |
| Days Sales Outstanding | 85.64 | 125.3 | 123.6 | 123.96 | 124.42 | 123.29 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 56.23M | 33.8M | 25.9M | 34.6M | 20.46M | 65.25M | 0 | 0 |
| Total Non-Current Assets | 552.59M | 682.29M | 773.22M | 888.3M | 1.24B | 1.82B | 696.96M | 695.3M |
| Property, Plant & Equipment | 0 | 0 | 4.94M | 14.68M | 24.78M | 29.46M | 0 | 0 |
| Fixed Asset Turnover | - | - | 107.58x | 37.68x | 22.40x | 17.91x | - | - |
| Goodwill | 287.65M | 296.3M | 317.07M | 317.07M | 457.74M | 795.81M | 0 | 0 |
| Intangible Assets | 240.26M | 308.03M | 427.22M | 539.29M | 738.07M | 793.86M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 2.49M | 1.2M | 0 | 0 | 0 | 695.3M |
| Other Non-Current Assets | 24.68M | 77.96M | 21.5M | 16.05M | 16.35M | 182.47M | 696.96M | 0 |
| Total Assets | 766.53M | 992.89M | 1.11B | 1.27B | 1.64B | 2.24B | 700.93M | 697.84M |
| Asset Turnover | 0.52x | 0.52x | 0.48x | 0.43x | 0.34x | 0.24x | - | 0.74x |
| Asset Growth % | -62.54% | -10.23% | -13.16% | -22.47% | -26.63% | 219.43% | 0.44% | - |
| Total Current Liabilities | 245.21M | 373M | 376.98M | 413.23M | 425.11M | 545.72M | 3.84M | 257.47K |
| Accounts Payable | 8.52M | 21.31M | 13.46M | 14.51M | 18.34M | 24.16M | 635.48K | 257.47K |
| Days Payables Outstanding | 54.28 | 57.77 | 36.42 | 34.58 | 44.03 | 58.36 | - | 0.98 |
| Short-Term Debt | 6.4M | 9.03M | 7.4M | 51.38M | 46.1M | 79.43M | 3.1M | 0 |
| Deferred Revenue (Current) | 883.12M | 274.88M | 282.3M | 282.57M | 280.68M | 259.7M | 0 | 0 |
| Other Current Liabilities | 39.7M | 64.57M | 47.8M | 27.83M | 34.33M | 95.16M | 0 | -257.47K |
| Current Ratio | 0.87x | 0.83x | 0.88x | 0.93x | 0.95x | 0.77x | 1.03x | 9.87x |
| Quick Ratio | 0.87x | 0.83x | 0.88x | 0.93x | 0.95x | 0.77x | 1.03x | 9.87x |
| Cash Conversion Cycle | 31.37 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 614.61M | 650.12M | 635.24M | 654.82M | 685.82M | 633.37M | 149.71M | 77.74M |
| Long-Term Debt | 567.16M | 570.77M | 573.27M | 577.49M | 581.82M | 462.19M | 0 | 0 |
| Capital Lease Obligations | 6.47M | 6.47M | 6.43M | 9.25M | 11.95M | 11.75M | 0 | 0 |
| Deferred Tax Liabilities | 166.69M | 63.71M | 42.04M | 52.15M | 81.51M | 116.44M | 976 | 9.66K |
| Other Non-Current Liabilities | 15.56M | 8.06M | 11.85M | 13.53M | 8.77M | 41.75M | 149.71M | 77.73M |
| Total Liabilities | 859.81M | 1.02B | 1.01B | 1.07B | 1.11B | 1.18B | 153.55M | 78M |
| Total Debt | 573.57M | 586.26M | 588.89M | 641.17M | 644.06M | 559.75M | 3.1M | 0 |
| Net Debt | 483.26M | 485.45M | 488.13M | 504.86M | 473.7M | 407.56M | -769.51K | -2.24M |
| Debt / Equity | -6.15x | - | 6.28x | 3.12x | 1.21x | 0.53x | 0.01x | - |
| Debt / EBITDA | 7.90x | 6.51x | 7.05x | 9.36x | 10.16x | 9.35x | - | - |
| Net Debt / EBITDA | 6.65x | 5.39x | 5.85x | 7.37x | 7.47x | 6.81x | - | - |
| Interest Coverage | -1.81x | -1.63x | -1.01x | -4.58x | -14.54x | -0.11x | - | -0.95x |
| Total Equity | -93.28M | -30.23M | 93.85M | 205.59M | 531.76M | 1.06B | 547.38M | 619.84M |
| Equity Growth % | -764.86% | -132.21% | -54.35% | -61.34% | -49.83% | 93.63% | -11.69% | - |
| Book Value per Share | -10.38 | -3.52 | 11.44 | 25.53 | 66.94 | 159.22 | 126.91 | 29.94 |
| Total Shareholders' Equity | -93.28M | -30.23M | 93.85M | 205.59M | 531.76M | 1.06B | 547.38M | 619.84M |
| Common Stock | 1K | 1K | 1K | 1K | 1K | 11K | 542.38M | 614.84M |
| Retained Earnings | -1.67B | -1.58B | -1.44B | -1.32B | -972.19M | -247.23M | -87.14M | -14.68M |
| Treasury Stock | -10.89M | -10.89M | -10.89M | -10.89M | -2.85M | 0 | 0 | 0 |
| Accumulated OCI | 5.2M | -12.92M | -16.92M | -13.05M | -14.79M | 970K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying SKIL stock.
As of 2026, Skillsoft Corp. (SKIL) had total assets of $992.9M including $310.6M in current assets.
Skillsoft Corp. (SKIL) carries total debt of $586.3M, offset by $100.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Skillsoft Corp. (SKIL) has total shareholders' equity (book value) of $-30.2M ($-3.52 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Skillsoft Corp. (SKIL) reported a current ratio of 0.83x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Negative equity and leverage
Metrics are mathematically derived from official filings.
Eroding Equity and Structural Weakness
According to recent financial filings, Skillsoft's equity position has deteriorated significantly, shifting from a positive $205.6M in 2024Q4 to a negative $72.8M by 2027Q1, a trend that underscores the company's ongoing struggle to maintain solvency amidst persistent operational losses and a heavy debt-laden capital structure.
The rapid transition into negative equity suggests that accumulated losses are outpacing the company's ability to generate internal value. Investors should monitor this trajectory closely, as the erosion of the book value base may limit future financing flexibility and increase the cost of capital.
Leverage Constraints and Refinancing Risk
Based on reported figures, Skillsoft maintains a substantial debt load of $574.6M as of 2027Q1, which, when coupled with the company's negative equity position, creates a precarious leverage profile that warrants further investigation into the sustainability of its current debt service obligations and potential refinancing requirements.
The persistence of high debt levels despite a shrinking asset base indicates that the company remains heavily reliant on external financing to sustain operations. This leverage profile appears to be a necessity-driven burden rather than a strategic choice, potentially constraining management's ability to pivot toward growth.
Tight Liquidity and Operational Buffer
As reported in recent balance sheets, the company's current ratio has consistently remained below 1.0, reaching 0.91 in 2027Q1, which suggests that Skillsoft lacks a sufficient liquidity buffer to comfortably cover its short-term liabilities without relying on the continuous conversion of deferred revenue into cash.
The inability to maintain a current ratio above parity implies that the company is operating with minimal margin for error regarding its working capital. This liquidity constraint may force management to prioritize short-term cash preservation over long-term strategic investments, potentially hindering the Percipio platform migration.
Goodwill Impairment and Asset Quality
Based on historical filings, Skillsoft carries $287.6M in goodwill as of 2027Q1, representing a significant portion of total assets, which may indicate a risk of future impairment charges if the company fails to demonstrate a clear path to organic growth and improved operational profitability.
The reliance on intangible assets to bolster the balance sheet suggests that the company's asset quality is highly sensitive to management's long-term growth assumptions. If the current revenue contraction persists, these assets may require downward adjustments, further pressuring the already negative equity position.