Asia Pacific Wire & Cable Corporation Limited (APWC) Balance Sheet
APWC balance sheet, 2025
December 31, 2025 · U.S. dollars$381.7M assets = $144.7M liabilities + $237.0M equity
Both columns are drawn to the same scale: what APWC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
APWC financial health
Descriptive bands, not a rating. Fiscal 2025.
APWC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $293.6M2016 | $381.7M2025 | +3.0%/yr | |
| Total liabilities | $96.4M2016 | $144.7M2025 | +4.6%/yr | |
| Shareholders’ equity | $135.9M2016 | $170.3M2025 | +2.5%/yr | |
| Cash & short-term investments | $48.4M2016 | $33.2M2025 | −4.1%/yr | |
| Total debt | $28.3M2016 | $44.9M2025 | +5.3%/yr | |
| Net cash (debt) | $20.1M2016 | −$11.7M2025 | −$31.8M | |
| Working capital | $157.0M2016 | $177.3M2025 | +$20.3M | |
| Book value per share | $9.842016 | $8.262025 | −1.9%/yr | |
| Current ratio | 2.792016 | 2.342025 | −0.45 | |
| Debt / equity | 0.212016 | 0.262025 | +0.06 | |
| Shares outstanding | 13.8M2016 | 20.6M2025 | +4.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
APWC assets
APWC liabilities and equity
APWC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
APWC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $33.2M | $34.0M | $38.3M | $54.1M | $44.8M | $52.2M | $53.7M | $60.8M | $46.1M | $48.4M |
| Cash & equivalents | $33.2M | $34.0M | $38.0M | $54.0M | $44.5M | $52.2M | $53.7M | $60.8M | $46.1M | $48.2M |
| Short-term investments | $61,000 | $0 | $307,000 | $39,000 | $249,000 | $0 | — | — | $0 | $187,000 |
| Receivables | $116.1M | $105.3M | $121.9M | $107.8M | $131.6M | $109.5M | $97.2M | $105.6M | $135.4M | $109.0M |
| Inventory | $151.5M | $126.8M | $128.2M | $130.6M | $128.8M | $96.4M | $85.2M | $83.9M | $97.2M | $77.4M |
| Other current assets | $8.2M | $5.5M | $6.5M | $7.0M | $6.9M | $5.6M | $3.4M | $3.9M | $4.3M | $9.8M |
| Total current assets | $309.1M | $271.7M | $294.9M | $299.5M | $312.0M | $263.7M | $239.5M | $254.1M | $283.0M | $244.6M |
| Property, plant & equipment (net) | $56.6M | $54.6M | $52.8M | $54.1M | $57.8M | $57.9M | $45.5M | $42.4M | $42.3M | $39.6M |
| Goodwill & intangible assets | $65,000 | $110,000 | $124,000 | $139,000 | $129,000 | $180,000 | $128,000 | $157,000 | $138,000 | $173,000 |
| Long-term investments | $5.0M | $3.9M | $3.7M | $2.4M | $3.8M | $3.2M | $5.0M | $3.2M | $3.6M | $3.9M |
| Other non-current assets | $10.9M | $9.6M | $15.1M | $14.9M | $15.7M | $13.1M | $8.8M | $5.9M | $5.7M | $5.3M |
| Total assets | $381.7M | $339.9M | $366.7M | $371.0M | $389.4M | $338.1M | $298.9M | $305.8M | $334.8M | $293.6M |
| Liabilities | ||||||||||
| Accounts payable | $46.8M | $46.6M | $41.0M | $29.3M | $32.4M | $17.4M | $10.5M | $15.9M | $23.0M | $25.4M |
| Short-term debt | $42.9M | $24.7M | $54.4M | $46.2M | $62.7M | $10.7M | $11.9M | $24.9M | $41.2M | $28.3M |
| Deferred revenue | $4.5M | $2.1M | $3.7M | $1.3M | $612,000 | $259,000 | $216,000 | $756,000 | $35.4M | $23.5M |
| Total current liabilities | $131.8M | $108.0M | $140.6M | $133.6M | $162.2M | $83.4M | $53.6M | $71.7M | $101.3M | $87.6M |
| Long-term debt | $510,000 | $4.9M | $0 | $12.2M | $3.3M | $3.6M | $2.3M | $46,000 | $42,000 | $54,000 |
| Lease obligations | $2.6M | $2.1M | $2.1M | $2.6M | $2.5M | $2.3M | $2.8M | $90,000 | $78,000 | $83,000 |
| Other long-term liabilities | $12.4M | $11.6M | $11.5M | $13.8M | $14.6M | $16.2M | $14.6M | $12.2M | $10.7M | $8.8M |
| Total liabilities | $144.7M | $124.5M | $152.0M | $159.6M | $180.1M | $103.2M | $70.5M | $84.0M | $112.0M | $96.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $206,000 | $206,000 | $206,000 | $206,000 | $138,000 | $138,000 | $138,000 | $138,000 | $138,000 | $138,000 |
| Retained earnings (deficit) | $65.1M | $61.4M | $57.9M | $54.1M | $50.2M | $52.8M | $53.4M | $55.0M | $53.4M | $46.0M |
| Treasury stock | — | — | — | — | — | — | −$38,000 | −$38,000 | −$38,000 | −$38,000 |
| Accumulated other comprehensive income | −$13.1M | −$24.7M | −$19.1M | −$20.7M | −$13.0M | −$5.5M | −$10.0M | −$15.5M | −$128.1M | −$20.8M |
| Minority interest | $66.7M | $60.4M | $57.6M | $59.8M | — | — | — | — | — | — |
| Total shareholders' equity | $170.3M | $155.0M | $157.1M | $151.6M | $147.5M | $157.9M | $153.9M | $150.0M | $153.3M | $135.9M |
| Key figures | ||||||||||
| Total debt | $44.9M | $31.0M | $55.8M | $60.3M | $67.9M | $16.1M | $14.2M | $24.9M | $41.2M | $28.3M |
| Net cash (debt) | −$11.7M | $3.0M | −$17.5M | −$6.2M | −$23.1M | $36.1M | $39.5M | $35.9M | $4.9M | $20.1M |
| Working capital | $177.3M | $163.6M | $154.4M | $165.9M | $149.8M | $180.3M | $185.9M | $182.4M | $181.8M | $157.0M |
| Tangible book value | $170.2M | $154.8M | $156.9M | $151.5M | $147.4M | $157.7M | $153.7M | $149.9M | $153.2M | $135.8M |
| Book value per share | $8.26 | $7.52 | $7.62 | $7.57 | $10.67 | $11.42 | $11.13 | $10.86 | $11.09 | $9.84 |
| Shares outstanding | 20.6M | 20.6M | 20.6M | 20.0M | 13.8M | 13.8M | 13.8M | 13.8M | 13.8M | 13.8M |
| Current ratio | 2.34 | 2.51 | 2.10 | 2.24 | 1.92 | 3.16 | 4.46 | 3.54 | 2.79 | 2.79 |
| Quick ratio | 1.13 | 1.29 | 1.14 | 1.21 | 1.09 | 1.94 | 2.81 | 2.32 | 1.79 | 1.80 |
| Debt / equity | 0.26 | 0.20 | 0.36 | 0.40 | 0.46 | 0.10 | 0.09 | 0.17 | 0.27 | 0.21 |
| Equity / assets | 44.6% | 45.6% | 42.8% | 40.9% | 37.9% | 46.7% | 51.5% | 49.1% | 45.8% | 46.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $64.6M | $73.2M | $33.2M | $35.3M | $35.0M | $34.0M | $34.4M | $33.7M | $33.7M | $39.3M | $39.3M |
| Cash & equivalents | $64.6M | $73.2M | $33.2M | $35.3M | $35.0M | $34.0M | $34.4M | $33.7M | $33.7M | $38.5M | $38.5M |
| Short-term investments | $0 | $18,000 | $61,000 | $0 | $3,000 | $0 | $0 | $14,000 | $14,000 | $775,000 | $775,000 |
| Receivables | $125.3M | $123.3M | $103.5M | $106.1M | $102.8M | $105.3M | $114.8M | $112.5M | $112.5M | $91.4M | $76.6M |
| Inventory | $171.3M | $150.6M | $151.5M | $137.4M | $144.5M | $126.8M | $130.0M | $123.2M | $123.2M | $133.0M | $133.0M |
| Other current assets | $10.5M | $9.7M | $20.8M | $8.1M | $8.1M | $5.5M | $8.6M | $13.1M | $13.1M | $11.4M | $26.2M |
| Total current assets | $371.6M | $356.7M | $309.1M | $286.8M | $290.3M | $271.7M | $287.9M | $282.5M | $282.5M | $275.1M | $275.1M |
| Property, plant & equipment (net) | $53.5M | $54.1M | $56.6M | $56.8M | $56.5M | $54.6M | $53.1M | $48.1M | $48.1M | $48.9M | $48.9M |
| Goodwill & intangible assets | $44,000 | $54,000 | $65,000 | $78,000 | $93,000 | $110,000 | $120,000 | $128,000 | $128,000 | $131,000 | $0 |
| Long-term investments | $4.1M | $4.1M | $5.0M | $4.5M | $4.0M | $3.9M | $4.4M | $4.1M | $0 | $3.7M | $2.9M |
| Other non-current assets | $10.9M | $11.7M | $10.9M | $9.6M | $10.6M | $9.6M | $15.8M | $15.1M | $19.2M | $14.8M | $15.7M |
| Total assets | $440.2M | $426.7M | $381.7M | $357.8M | $361.5M | $339.9M | $361.3M | $350.0M | $350.0M | $342.6M | $342.6M |
| Liabilities | |||||||||||
| Accounts payable | $54.8M | $60.4M | $46.8M | $49.5M | $47.2M | $46.6M | $47.4M | $50.1M | $50.1M | $41.4M | $41.4M |
| Short-term debt | $59.5M | $48.8M | — | $40.8M | $49.5M | $24.7M | $45.3M | $54.1M | $53.7M | $57.7M | — |
| Deferred revenue | — | $4.5M | — | — | — | $2.1M | — | $13.2M | $13.2M | $22.2M | — |
| Total current liabilities | $155.7M | $143.6M | $131.8M | $113.1M | $119.7M | $108.0M | $116.6M | $127.9M | $127.9M | $127.3M | $127.3M |
| Long-term debt | $0 | $0 | $510,000 | $1.7M | $3.0M | $4.9M | $6.1M | $6.2M | $0 | $0 | $2.8M |
| Lease obligations | $2.1M | $2.3M | $2.6M | $2.8M | $2.2M | $2.1M | $1.5M | $1.7M | — | $2.1M | $2.1M |
| Other long-term liabilities | $13.2M | $13.2M | $12.4M | $14.2M | $13.7M | $11.6M | $12.2M | $11.4M | $17.6M | $15.7M | $12.8M |
| Total liabilities | $168.9M | $156.8M | $144.7M | $129.1M | $136.4M | $124.5M | $135.0M | $145.4M | $145.4M | $143.0M | $143.0M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $413,000 | $413,000 | — | $206,000 | $206,000 | $206,000 | $206,000 | $206,000 | $206,000 | $206,000 | — |
| Retained earnings (deficit) | $67.3M | $66.5M | $65.1M | $61.6M | $60.5M | $61.4M | $58.8M | $57.4M | $57.4M | $55.2M | $55.2M |
| Accumulated other comprehensive income | −$15.0M | −$15.1M | — | −$16.1M | −$16.7M | −$24.7M | −$13.4M | −$25.7M | −$25.7M | −$28.4M | — |
| Minority interest | $65.8M | $65.4M | $66.7M | $65.0M | $63.0M | — | — | — | — | — | — |
| Total shareholders' equity | $204.6M | $203.8M | $170.3M | $163.8M | $162.1M | $155.0M | $163.7M | $149.9M | $149.9M | $145.1M | $145.1M |
| Key figures | |||||||||||
| Total debt | $60.5M | $50.0M | $510,000 | $44.2M | $53.8M | $31.0M | $52.6M | $61.5M | $59.8M | $62.1M | $2.8M |
| Net cash (debt) | $4.1M | $23.2M | $32.7M | −$8.9M | −$18.9M | $3.0M | −$18.2M | −$27.8M | −$26.2M | −$22.8M | $36.4M |
| Working capital | $215.9M | $213.1M | $177.3M | $173.7M | $170.6M | $163.6M | $171.2M | $154.6M | $154.6M | $147.8M | $147.8M |
| Tangible book value | $204.6M | $203.7M | $170.2M | $163.7M | $162.0M | $154.8M | $163.6M | $149.8M | $149.8M | $144.9M | $145.1M |
| Book value per share | $9.93 | $9.89 | $8.05 | $7.94 | $7.86 | $7.52 | $7.94 | $7.27 | $7.27 | $7.04 | $7.04 |
| Shares outstanding | 20.6M | 20.6M | 21.2M | 20.6M | 20.6M | 20.6M | 20.6M | 20.6M | 20.6M | 20.6M | 20.6M |
| Current ratio | 2.39 | 2.48 | 2.34 | 2.54 | 2.43 | 2.51 | 2.47 | 2.21 | 2.21 | 2.16 | 2.16 |
| Quick ratio | 1.22 | 1.37 | 1.04 | 1.25 | 1.15 | 1.29 | 1.28 | 1.14 | 1.14 | 1.03 | 0.91 |
| Debt / equity | 0.30 | 0.25 | 0.00 | 0.27 | 0.33 | 0.20 | 0.32 | 0.41 | 0.40 | 0.43 | 0.02 |
| Equity / assets | 46.5% | 47.8% | 44.6% | 45.8% | 44.8% | 45.6% | 45.3% | 42.8% | 42.8% | 42.3% | 42.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 29, 2026); data from EODHD.
APWC financial position
At the end of fiscal 2025 (December 31, 2025), Asia Pacific Wire & Cable had total assets of $381.7 million (up 12.3% from a year earlier), total liabilities of $144.7 million and shareholders' equity of $170.3 million. It held $33.2 million in cash and short-term investments against $44.9 million of debt, net debt of $11.7 million. Its current ratio was 2.34. In the latest quarter (ended June 30, 2026) total assets were $440.2 million and equity $204.6 million.
Related: APWC income statement, APWC cash flow statement, APWC key metrics. See the APWC stock overview for the latest quote and news.
APWC balance sheet FAQ
What are Asia Pacific Wire & Cable's total assets?
Asia Pacific Wire & Cable reported total assets of $381.7 million at the end of fiscal 2025 (December 31, 2025), compared with $339.9 million a year earlier.
How much debt does Asia Pacific Wire & Cable have?
Asia Pacific Wire & Cable had $44.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.26.
How much cash does Asia Pacific Wire & Cable have?
Asia Pacific Wire & Cable held $33.2 million in cash and short-term investments at the end of fiscal 2025; with $44.9 million of debt that is net debt of $11.7 million.
What is Asia Pacific Wire & Cable's book value?
Asia Pacific Wire & Cable's shareholders' equity (book value) was $170.3 million at the end of fiscal 2025, or $8.26 per share.
What is Asia Pacific Wire & Cable's current ratio?
Asia Pacific Wire & Cable had current assets of $309.1 million and current liabilities of $131.8 million, a current ratio of 2.34 (it can cover its short-term obligations).
How much goodwill does Asia Pacific Wire & Cable have?
Asia Pacific Wire & Cable carried $0.1 million of goodwill and intangible assets, 0.0% of total assets, at the end of fiscal 2025.