FBS Global Limited (FBGL) Balance Sheet

NASDAQ: FBGLAssets, liabilities, debt and equity over 6 years.

FBGL balance sheet, 2025

December 31, 2025 · Singapore dollars

S$27.8M assets = S$14.9M liabilities + S$12.9M equity

What it ownsS$27.8MCash & ST investments: S$4.0M (14.5%)Cash & ST investmentsS$4.0M · 15%Receivables: S$17.7M (63.4%)ReceivablesS$17.7M · 63%Other current: S$2.2M (7.9%)Other current S$2.2MPP&E: S$3.5M (12.6%)PP&ES$3.5M · 13%Other non-current: S$431,907 (1.6%)=How it is financedS$27.8MCurrent liabilities: S$14.9M (53.5%)Current liabilitiesS$14.9M · 53%Long-term debt: S$9,847 (0.0%)Shareholders’ equity: S$12.9M (46.5%)Shareholders’ equityS$12.9M · 46%

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

FBGL financial health

Current ratio1.60
Comfortable · current assets cover current liabilities 1.60×
Debt / equity0.01
Low leverage · S$0.01 of debt for each $1 of equity
Equity / assets46.5%
Equity-funded · of assets funded by shareholders
Cash / debt3,133.9%
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.

FBGL balance sheet trends, 2020–2025

MetricTrendThenLatestChange
Total assetsS$16.1M2020S$27.8M2025+11.6%/yr
Total liabilitiesS$14.5M2020S$14.9M2025+0.5%/yr
Shareholders’ equityS$1.5M2020S$12.9M2025+53.0%/yr
Cash & short-term investmentsS$6.2M2020S$4.0M2025−8.2%/yr
Total debtS$4.2M2020S$128,8542025−50.2%/yr
Net cash (debt)S$2.0M2020S$3.9M2025+S$1.9M
Working capitalS$814,6432020S$9.0M2025+S$8.2M
Current ratio1.0720201.602025+0.53
Debt / equity2.7320200.012025−2.72
Shares outstanding15.0M20201.4M2025−38.2%/yr

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

FBGL assets

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

FBGL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

FBGL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

FBGL balance sheet in Singapore dollars

202520242023202220212020
Assets
Cash & short-term investmentsS$4.0MS$3.0MS$4.5MS$1.9MS$3.6MS$6.2M
Cash & equivalentsS$4.0MS$3.0MS$4.5MS$1.9MS$3.6MS$6.2M
ReceivablesS$17.7MS$6.8MS$8.9MS$10.4MS$11.4MS$5.2M
InventoryS$0S$0S$0S$0S$0S$0
Other current assetsS$2.2MS$91,485S$115,080S$212,028S$159,638S$537,676
Total current assetsS$23.9MS$9.8MS$13.5MS$12.5MS$15.1MS$11.9M
Property, plant & equipment (net)S$3.5MS$4.3MS$3.7MS$3.9MS$3.8MS$4.0M
Goodwill & intangible assetsS$0S$0S$0S$0S$0S$0
Long-term investmentsS$0S$0S$0S$0S$0S$0
Other non-current assetsS$431,907S$1.6MS$1.1MS$795,765S$273,855S$219,912
Total assetsS$27.8MS$15.7MS$18.3MS$17.2MS$19.2MS$16.1M
Liabilities
Accounts payableS$3.7MS$1.5MS$2.5MS$2.1MS$1.7MS$1.4M
Short-term debtS$119,007S$1.4MS$1.5MS$1.2MS$1.7MS$770,737
Deferred revenueS$4.0MS$805,163S$1.5MS$425,332S$804,103S$132,599
Total current liabilitiesS$14.9MS$11.3MS$12.3MS$10.4MS$12.8MS$11.1M
Long-term debtS$9,847S$129,203S$890,330S$1.7MS$2.5MS$3.4M
Lease obligationsS$0S$722,510S$27,800S$44,480S$61,562S$88,727
Other long-term liabilitiesS$0S$0S$11,120S$27,800S$44,480S$61,562
Total liabilitiesS$14.9MS$11.4MS$13.2MS$12.1MS$15.4MS$14.5M
Shareholders' equity
Common stock & paid-in capitalS$18,238S$15,203S$15,203S$15,203S$15,203S$15,203
Retained earnings (deficit)−S$455,996S$1.6MS$2.4MS$2.4MS$2.3MS$543,403
Total shareholders' equityS$12.9MS$4.3MS$5.1MS$5.1MS$3.8MS$1.5M
Key figures
Total debtS$128,854S$1.5MS$2.4MS$2.9MS$4.3MS$4.2M
Net cash (debt)S$3.9MS$1.4MS$2.1M−S$999,027−S$763,138S$2.0M
Working capitalS$9.0M−S$1.5MS$1.2MS$2.2MS$2.3MS$814,643
Tangible book valueS$12.9MS$4.3MS$5.1MS$5.1MS$3.8MS$1.5M
Shares outstanding1.4M1.4M1.4M1.4M15.0M15.0M
Current ratio1.600.871.101.211.181.07
Quick ratio1.460.861.091.191.171.02
Debt / equity0.010.360.460.571.132.73
Equity / assets46.5%27.3%27.9%29.6%19.9%9.6%

Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported (latest annual report filed April 30, 2026); data from EODHD.

FBGL financial position

At the end of fiscal 2025 (December 31, 2025), FBS Global had total assets of S$27.8 million (up 77.4% from a year earlier), total liabilities of S$14.9 million and shareholders' equity of S$12.9 million. It held S$4.0 million in cash and short-term investments against S$0.1 million of debt, a net cash position of S$3.9 million. Its current ratio was 1.60. In the latest quarter (ended March 31, 2026) total assets were S$27.8 million and equity S$12.9 million.

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

FBGL balance sheet FAQ

What are FBS Global's total assets?

FBS Global reported total assets of S$27.8 million at the end of fiscal 2025 (December 31, 2025), compared with S$15.7 million a year earlier.

How much debt does FBS Global have?

FBS Global had S$0.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.01.

How much cash does FBS Global have?

FBS Global held S$4.0 million in cash and short-term investments at the end of fiscal 2025; with S$0.1 million of debt that is net cash of S$3.9 million.

What is FBS Global's book value?

FBS Global's shareholders' equity (book value) was S$12.9 million at the end of fiscal 2025.

What is FBS Global's current ratio?

FBS Global had current assets of S$23.9 million and current liabilities of S$14.9 million, a current ratio of 1.60 (it can cover its short-term obligations).

Engineering & Construction: balance sheet