GBS
Balance Sheet

Last updated: 7 Sep 2025

The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has GBS's balance sheet done over the years? Its assets were worth $10,354,612 last year, which is less than in the previous period. 64% of GBS’s total assets is currently financed by debt. Its liabilities reached the amount of $6,667,614, which means an increase by 15% compared compared to last year.

Debt to Assets

Quarters Years

GBS Inc. (NASDAQ:GBS): Debt to assets
2018	2495923	5.55M	222.75%
2019	2327950	6.30M	270.84%
2020	2475640	7.69M	310.65%
2021	21859369	6.85M	31.35%
2022	12352173	5.80M	47.01%
2023	10354612	6.66M	64.39%

GBS Balance Sheet (2018 – 2023)

Quarters Years

	2023	2022	2021	2020	2019	2018
Assets
Current assets:
Cash and cash equivalents	1.53M	8.23M	12.57M	427.27K	197.94K	418.42K
Short term investments	0	0	0	0	0	0
Net receivables	293.86K	2.46M	3.20M	19.59K	94.50K	36.48K
Inventory	979.90K	0	0	0	0	0
Other current assets	1.05M	163.12K	2.42M	1.89M	2.03M	2.04M
Total current assets	3.86M	10.86M	18.20M	2.33M	2.32M	2.49M

Non-current assets:
Property, Plant and Equipment	1.23M	391.40K	0	0	0	0
Goodwill	0	0	0	0	0	0
Intangible assets	5.25M	0	0	0	0	0
Long term investments	0	0	0	135.69K	0	0
Other non-current assets	0	1.09M	3.65M	0	0	0
Total non-current assets	6.49M	1.48M	3.65M	135.69K	0	0
Total assets	10.35M	12.35M	21.85M	2.47M	2.32M	2.49M

Liabilities
Current liabilities:
Accounts payable
Deferred revenue	2.33M	2.83M	2.09M	0	0	0
Short term debt	576.65K	0	0	5.13M	5.13M	4.83M
Total current liabilities	5.88M	4.66M	3.68M	7.69M	6.30M	5.55M

Non-current liabilities:
Long term debt	759.02K	0	0	0	0	0
Deferred tax	0	0	0	0	0	0
Other non-current liabilities	24.90K	50.62K	21.77K	0	0	0
Total non-current liabilities	783.92K	1.14M	3.17M	0	0	0
Total liabilities	6.66M	5.80M	6.85M	7.69M	6.30M	5.55M

	Data source	Data source	Data source