Top Financial Group Limited balance sheet TOP

As of Sep 30, 2026, Top Financial Group Limited had total assets of $171.6 million and total liabilities of $54.2 million. Stockholders' equity was $117.0 million. It held $12.0 million in cash and investments against $1.3 million of total debt, net cash of $10.8 million.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line
FY 2027
Sep 30, 2026
FY 2026
Mar 31, 2026
FY 2025
Mar 31, 2025
FY 2024
Mar 31, 2024
FY 2023
Mar 31, 2023
FY 2022
Mar 31, 2022
Assets
Cash
9
13
+6.2%
12
-52.8%
26
+62.3%
16
+157.6%
6
Long-term investments
3
3
-13.7%
4
+82.0%
2
—
—
Cash and investments
12
16
+1.7%
16
-43.1%
28
+74.9%
16
+157.6%
6
Receivables
100
12
-4.5%
12
—
—
—
Property and equipment, net
1
1
+156.8%
0
-5.3%
0
-4.9%
0
+14.4%
0
Goodwill
0
0
—
—
—
—
Total assets
172
86
+83.9%
47
-18.8%
58
+43.1%
40
+190.2%
14
Liabilities and equity
Total liabilities
54
52
+334.9%
12
-30.4%
17
+295.0%
4
+17.6%
4
Stockholders' equity
117
34
-2.7%
35
-13.9%
41
+12.7%
36
+252.6%
10
Debt
Lease liabilities
1
2
+484.9%
0
+317.8%
0
-56.8%
0
-38.7%
0
Total debt
1
2
+484.9%
0
+317.8%
0
-56.8%
0
-38.7%
0
Net cash
11
15
-6.7%
16
-44.0%
28
+76.1%
16
+165.6%
6
Ratios
Debt to equity
0.01x
0.05x
0.01x
0.00x
0.00x
0.02x
Return on equity
—
-3.45%
-17.11%
2.59%
9.45%
34.24%
Return on assets
—
-1.36%
-12.76%
1.82%
8.43%
25.15%
Book value per share
—
—
—
1.09
1.03
0.34
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry
Security & Commodity Brokers, Dealers, Exchanges & Services (SIC 6200)
Listed as
TOP (Nasdaq)
Fiscal year ends
March 31
Incorporated in
Cayman Islands
Headquarters
Houston, TX
SEC filer status
Non-accelerated filer, Smaller reporting company, Emerging growth company
SEC CIK
1848275
Former names
Zhong Yang Financial Group Ltd (until Jul 13, 2022)

Other Security & Commodity Brokers, Dealers, Exchanges & Services companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.