FST Corp.

NasdaqGM:KBSX Stock Report

Market Cap: US$38.5m

FST Balance Sheet Health

Financial Health criteria checks 1/6

FST has a total shareholder equity of $17.0M and total debt of $29.5M, which brings its debt-to-equity ratio to 173.4%. Its total assets and total liabilities are $62.3M and $45.3M respectively. FST's EBIT is $683.7K making its interest coverage ratio 0.8. It has cash and short-term investments of $7.4M.

Key information

173.44%

Debt to equity ratio

US$29.54m

Debt

Interest coverage ratio0.8x
CashUS$7.37m
EquityUS$17.03m
Total liabilitiesUS$45.31m
Total assetsUS$62.34m

Recent financial health updates

Recent updates

Analysis Article • Jan 29

Market Participants Recognise FST Corp.'s (NASDAQ:KBSX) Revenues

It's not a stretch to say that FST Corp.'s ( NASDAQ:KBSX ) price-to-sales (or "P/S") ratio of 1.2x right now seems...
Analysis Article • Oct 17

There's Reason For Concern Over FST Corp.'s (NASDAQ:KBSX) Price

When close to half the companies in the Leisure industry in the United States have price-to-sales ratios (or "P/S...
Seeking Alpha • Jun 20

The Drive For Profits Is Missing The Green At FST Corp.

Summary FST Corp.'s SPAC merger and niche golf focus make it a unique but high-risk investment, with shares down nearly 80% since IPO. Sales spike when golfers using FST equipment win major tournaments, but rising expenses outpace revenue growth, pressuring profitability. The company's financial trajectory is concerning, with losses accelerating and a need to raise cash in the next 12 months. I rate FST as a hold for only the most risk-tolerant investors, given its uncertain outlook and speculative turnaround potential. Read the full article on Seeking Alpha
Analysis Article • Mar 07

Some FST Corp. (NASDAQ:KBSX) Shareholders Look For Exit As Shares Take 28% Pounding

To the annoyance of some shareholders, FST Corp. ( NASDAQ:KBSX ) shares are down a considerable 28% in the last month...
Analysis Article • Jan 20

Some FST Corp. (NASDAQ:KBSX) Shareholders Look For Exit As Shares Take 45% Pounding

FST Corp. ( NASDAQ:KBSX ) shareholders that were waiting for something to happen have been dealt a blow with a 45...

Financial Position Analysis

Short Term Liabilities: KBSX's short term assets ($30.1M) do not cover its short term liabilities ($31.5M).

Long Term Liabilities: KBSX's short term assets ($30.1M) exceed its long term liabilities ($13.8M).

Debt to Equity History and Analysis

Debt Level: KBSX's net debt to equity ratio (130.2%) is considered high.

Reducing Debt: KBSX's debt to equity ratio has increased from 25.9% to 173.4% over the past 5 years.

Debt Coverage: KBSX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: KBSX's interest payments on its debt are not well covered by EBIT (0.8x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 02:02
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FST Corp. is covered by 2 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Barry SineLitchfield Hills Research, LLC
Thomas KerrZacks Small-Cap Research