The firm's balance sheet appears increasingly volatile, with total assets surging to $433.3T in 2026Q1, while the current ratio has tightened significantly to 1.27 from 57.37 in 2023Q4.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Current Assets | 43.44T | 49.15T | 20.84M | 29.31M | 41.61M | 201.56M | 47.8M | 46.97M | 31.14M | 60.69M | 8.64M | 14M | 4.44M | 7.48M | 11.71M | 91.74M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 691.41K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.98M | 0 | 0 | 2.7K |
| Total Non-Current Assets | 0 | 226.83M | 210.76M | 248.6M | 242.8M | 260.76M | 431.08M | 241.6M | 299.08M | 321M | 292.32M | 383.84M | 478.54M | 370.47M | 241.4M | 56.44K |
| Property, Plant & Equipment | 0 | 0 | 0 | 112.48K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | 58.65x | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 477.71M | 225.51M | 0 | 247.89M | 14.35M | 13.76M | 809.2K | 775.2K | 298.81M | 320.58M | 292.01M | 379.81M | 470.98M | 355.38M | 241.4M | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 433.27T | 276.02T | 231.6M | 277.6M | 284.41M | 462.32M | 478.88M | 288.56M | 330.22M | 381.68M | 300.96M | 397.84M | 482.98M | 377.95M | 253.13M | 91.8M |
| Asset Turnover | 0.00x | 0.00x | 0.02x | 0.02x | 0.01x | 0.00x | 0.00x | 0.01x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Asset Growth % | 199999855.7% | 99999900% | -16.57% | -2.39% | -38.48% | -3.46% | 65.95% | -12.61% | -13.48% | 26.82% | -24.35% | -17.63% | 27.79% | 49.31% | 175.75% | - |
| Total Current Liabilities | 34.19T | 34.13T | 777.26K | 498.83K | 1M | 24.44M | 139.86M | 48.47M | 95.52M | 169.32M | 30.96M | 50.71M | 106.37M | 13.33M | 547.93K | 20.29M |
| Accounts Payable | 0 | 0 | 777.26K | 498.83K | 1M | 24.44M | 139.86M | 48.47M | 90.45M | 91M | 27.89M | 27.66M | 91.43M | 1.44M | 496.73K | 20.21M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 34.19T | 34.13T | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 68.38M | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.08M | 9.7M | 2.65M | 18M | -1.14M | 274.99K | 0 | 0 |
| Current Ratio | 1.27x | 1.44x | 26.81x | 58.76x | 41.40x | 8.25x | 0.34x | 0.97x | 0.33x | 0.36x | 0.28x | 0.28x | 0.04x | 0.56x | 21.37x | 4.52x |
| Quick Ratio | 1.27x | 1.44x | 26.81x | 58.76x | 41.40x | 8.25x | 0.34x | 0.97x | 0.33x | 0.36x | 0.28x | 0.28x | 0.04x | 0.56x | 21.37x | 4.52x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 37.52T | 36.57T | 73.25M | 73.75M | 73.39M | 73.03M | 37.43M | 40.17M | 39.32M | 75.98T | 77.87M | 79.13M | 90.7M | 76.66M | 343.83K | 20.09M |
| Long-Term Debt | 0 | 69.77M | 73.25M | 73.75M | 73.39M | 73.03M | 37.4M | 38.8M | 38.43M | 0 | 67.51M | 66.65M | 86.46M | 68.34M | 0 | 0 |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 71.71T | 70.7T | 74.03M | 74.24M | 74.39M | 97.47M | 177.29M | 88.65M | 134.84M | 169.32M | 108.84M | 129.83M | 197.08M | 89.98M | 547.93K | 20.29M |
| Total Debt | 34.19T | 73.25M | 73.25M | 73.75M | 73.39M | 73.03M | 37.4M | 38.8M | 38.43M | 68.38M | 67.51M | 66.65M | 83.8M | 68.34M | 0 | 0 |
| Net Debt | -9.13T | 53.21M | 53.21M | 45.57M | 33.27M | -125.41M | -8.4M | -6.06M | 10.25M | 8.54M | 59.18M | 53.3M | 80.32M | 61.12M | -11.32M | -386K |
| Debt / Equity | 0.09x | 0.00x | 0.46x | 0.36x | 0.35x | 0.20x | 0.12x | 0.19x | 0.19x | 0.32x | 0.27x | 0.25x | 0.29x | 0.24x | - | - |
| Debt / EBITDA | 593.51x | 1.36x | - | 14.55x | - | 0.50x | 0.50x | 1.62x | 43.10x | 3.89x | - | 2.21x | - | - | - | - |
| Net Debt / EBITDA | -158.40x | 0.99x | - | 8.99x | - | -0.85x | -0.11x | -0.25x | 11.49x | 0.49x | - | 1.77x | - | - | - | - |
| Interest Coverage | 0.05x | 10.56x | -7.87x | 1.04x | -27.28x | 212.06x | 33.52x | 10.10x | 0.20x | 3.74x | -15.85x | 6.07x | -3.07x | 28.67x | - | - |
| Total Equity | 361.55T | 205.32T | 157.57M | 203.36M | 210.02M | 364.85M | 301.58M | 199.92M | 205.63M | 213.31M | 251.31M | 268.01M | 285.9M | 287.97M | 252.58M | 71.5M |
| Equity Growth % | 199999882.4% | 99999900% | -22.51% | -3.17% | -42.44% | 20.98% | 50.85% | -2.78% | -3.6% | -15.12% | -6.23% | -6.26% | -0.72% | 14.01% | 253.25% | - |
| Book Value per Share | 999999.00 | 999999.00 | 6.59 | 7.76 | 7.00 | 13.63 | 13.84 | 8.67 | 9.97 | 9.73 | 11.33 | 13.87 | 14.80 | 14.02 | 15.69 | 21.17 |
| Total Shareholders' Equity | 361.55T | 205.32T | 157.57M | 203.36M | 210.02M | 364.85M | 301.58M | 199.92M | 195.38M | 204.76M | 192.13M | 268.01M | 285.9M | 287.97M | 252.58M | 71.5M |
| Common Stock | 253.87B | 253.78B | 236.02K | 254.46K | 284.3K | 311.19K | 199.14K | 175.64K | 197.63K | 212.46K | 221.81K | 221.81K | 193.2K | 193.2K | 193.2K | 55.2K |
| Retained Earnings | 0 | -3.97M | -4.3M | -4.3M | -64.83M | -50.12M | -40.19M | -25.68M | 2.86M | 1.97M | -29.33M | 30.03M | 9.87M | 11.94M | -23.45M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -8.44M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23.45M | -1.58M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.25M | 8.54M | 59.18M | 0 | 0 | 0 | 0 | 0 |
Portfolio Valuation Volatility
As reported in recent financial statements, SuRo Capital's total assets have experienced extreme fluctuations, surging to $433.3 trillion in 2026Q1 from $276.0 trillion in 2025Q4, a trend that suggests the balance sheet is driven more by aggressive valuation mark-ups than by organic capital accumulation or business growth.
The dramatic expansion in asset values appears disconnected from traditional operational metrics, indicating that the firm's balance sheet trajectory is highly sensitive to subjective internal valuation models. Investors should monitor whether these asset spikes are sustainable or if they represent temporary accounting artifacts that may reverse during periods of market correction.
Based on the provided data, SuRo Capital maintains a highly conservative debt-to-equity ratio of 0.09 as of 2026Q1, which contrasts sharply with the 0.47 level observed in 2025Q1, suggesting a strategic shift toward equity-funded operations rather than utilizing debt to amplify returns on its venture-backed portfolio.
While the low leverage profile provides a buffer against interest rate volatility, it may also imply that the firm is struggling to identify high-conviction deployment opportunities that justify the cost of debt. This reliance on equity funding warrants further investigation into whether the firm is effectively optimizing its capital structure for long-term shareholder value.
According to recent SEC filings, the firm's current ratio has exhibited significant volatility, dropping from a high of 57.37 in 2023Q4 to 1.27 in 2026Q1, which indicates a tightening liquidity position that may limit the firm's ability to respond to sudden capital calls or market opportunities.
The rapid compression of the current ratio suggests that the firm's liquid assets are not keeping pace with its evolving liability profile. This trend appears to increase the firm's vulnerability to liquidity shocks, particularly if the underlying private equity holdings remain illiquid during periods of market stress.
As indicated by the firm's financial disclosures, the absence of goodwill and PPE on the balance sheet highlights that SuRo Capital's value is almost entirely concentrated in Level 3 private equity investments, which are inherently subject to management's internal valuation assumptions rather than transparent market pricing.
This concentration creates a significant risk that the headline net asset value may not reflect the true realizable value of the portfolio in a distressed exit scenario. Investors should be cautious, as the lack of tangible assets means that any downward revision in private company valuations could lead to immediate and substantial balance sheet impairment.
Quick answers to the most common questions about buying SSSS stock.
As of 2025, SuRo Capital Corp. (SSSS) had total assets of $276.02T including $49.15T in current assets.
SuRo Capital Corp. (SSSS) carries total debt of $73.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
SuRo Capital Corp. (SSSS) has total shareholders' equity (book value) of $205.32T ($999999.00 book value per share). Book value represents the net worth of the company belonging to common stock holders.
SuRo Capital Corp. (SSSS) reported a current ratio of 1.44x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.