Cuprina Holdings (Cayman) Limited Class A (CUPR) Balance Sheet

NASDAQ: CUPRAssets, liabilities, debt and equity over 5 years.

CUPR balance sheet, 2025

December 31, 2025 · Singapore dollars

S$8.5M assets = S$3.4M liabilities + S$5.1M equity

What it ownsS$8.5MCash & ST investments: S$3.1M (36.7%)Cash & ST investmentsS$3.1M · 37%Receivables: S$255,950 (3.0%)Other current: S$4.0M (46.5%)Other currentS$4.0M · 47%PP&E: S$394,250 (4.6%)Other non-current: S$779,173 (9.2%)S$779,173=How it is financedS$8.5MCurrent liabilities: S$3.1M (36.6%)Current liabilitiesS$3.1M · 37%Long-term debt: S$126,201 (1.5%)Other LT liabilities: S$207,557 (2.4%)Shareholders’ equity: S$5.1M (59.4%)Shareholders’ equityS$5.1M · 59%

Both columns are drawn to the same scale: what CUPR owns equals what it owes plus shareholders’ equity. Hover a block for its value.

CUPR financial health

Current ratio2.35
Comfortable · current assets cover current liabilities 2.35×
Debt / equity0.10
Low leverage · S$0.10 of debt for each $1 of equity
Equity / assets59.4%
Equity-funded · of assets funded by shareholders
Cash / debt645.9%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

CUPR balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assetsS$953,0492021S$8.5M2025+72.8%/yr
Total liabilitiesS$1.6M2021S$3.4M2025+20.5%/yr
Shareholders’ equity−S$683,5222021S$5.1M2025—
Cash & short-term investmentsS$767,2932021S$3.1M2025+42.0%/yr
Total debtS$170,0312021S$482,7192025+29.8%/yr
Net cash (debt)S$597,2622021S$2.6M2025+S$2.0M
Working capital−S$701,1062021S$4.2M2025+S$4.9M
Current ratio0.5420212.352025+1.82
Shares outstanding2.6M20212.6M2025−0.0%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

CUPR assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

CUPR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

CUPR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

CUPR balance sheet in Singapore dollars

20252024202320222021
Assets
Cash & short-term investmentsS$3.1MS$116,472S$35,263S$564,576S$767,293
Cash & equivalentsS$3.1MS$116,472S$35,263S$564,576S$767,293
ReceivablesS$255,950S$119,474S$211,885S$440,042S$19,523
InventoryS$0S$1,730S$7,665S$6,501S$0
Other current assetsS$4.0MS$1.4MS$1.2MS$258,032S$21,372
Total current assetsS$7.3MS$1.7MS$1.4MS$1.3MS$808,188
Property, plant & equipment (net)S$394,250S$89,005S$150,652S$159,081S$144,861
Goodwill & intangible assetsS$0S$0S$0S$0S$0
Long-term investmentsS$0S$0S$0S$7,890S$0
Other non-current assetsS$779,173S$0S$0S$0S$0
Total assetsS$8.5MS$1.7MS$1.6MS$1.4MS$953,049
Liabilities
Accounts payableS$1,177S$0S$0S$0S$220
Short-term debtS$148,961S$91,062S$64,308S$60,724S$42,754
Total current liabilitiesS$3.1MS$6.0MS$4.4MS$3.1MS$1.5M
Long-term debtS$126,201S$163,728S$21,700S$43,174S$63,124
Lease obligationsS$317,790S$35,812S$79,270S$120,511S$87,449
Other long-term liabilitiesS$207,557S$0S$35,812S$79,737S$64,153
Total liabilitiesS$3.4MS$6.2MS$4.5MS$3.2MS$1.6M
Shareholders' equity
Common stock & paid-in capitalS$28,605S$24,203S$24,203S$24,203S$24,203
Retained earnings (deficit)−S$9.2M−S$4.6M−S$3.0M−S$1.9M−S$786,447
Accumulated other comprehensive incomeS$348,542−S$1,594S$309−S$261—
Total shareholders' equityS$5.1M−S$4.5M−S$2.9M−S$1.8M−S$683,522
Key figures
Total debtS$482,719S$254,790S$121,820S$183,635S$170,031
Net cash (debt)S$2.6M−S$138,318−S$86,557S$380,941S$597,262
Working capitalS$4.2M−S$4.4M−S$3.0M−S$1.8M−S$701,106
Tangible book valueS$5.1M−S$4.5M−S$2.9M−S$1.8M−S$683,522
Shares outstanding2.6M2.7M2.7M2.6M2.6M
Current ratio2.350.270.320.410.54
Quick ratio1.080.040.060.320.52
Debt / equity0.10————
Equity / assets59.4%−255.6%−182.7%−123.8%−71.7%

Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported (latest annual report filed April 27, 2026); data from EODHD.

CUPR financial position

At the end of fiscal 2025 (December 31, 2025), Cuprina had total assets of S$8.5 million (up 387.4% from a year earlier), total liabilities of S$3.4 million and shareholders' equity of S$5.1 million. It held S$3.1 million in cash and short-term investments against S$0.5 million of debt, a net cash position of S$2.6 million. Its current ratio was 2.35. In the latest quarter (ended March 31, 2026) total assets were S$8.5 million and equity S$5.1 million.

Related: CUPR income statement, CUPR cash flow statement, CUPR key metrics. See the CUPR stock overview for the latest quote and news.

CUPR balance sheet FAQ

What are Cuprina's total assets?

Cuprina reported total assets of S$8.5 million at the end of fiscal 2025 (December 31, 2025), compared with S$1.7 million a year earlier.

How much debt does Cuprina have?

Cuprina had S$0.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.

How much cash does Cuprina have?

Cuprina held S$3.1 million in cash and short-term investments at the end of fiscal 2025; with S$0.5 million of debt that is net cash of S$2.6 million.

What is Cuprina's book value?

Cuprina's shareholders' equity (book value) was S$5.1 million at the end of fiscal 2025.

What is Cuprina's current ratio?

Cuprina had current assets of S$7.3 million and current liabilities of S$3.1 million, a current ratio of 2.35 (it can cover its short-term obligations).

Medical Instruments & Supplies: balance sheet