Rectitude Holdings Ltd (RECT) Balance Sheet

NASDAQ: RECTAssets, liabilities, debt and equity over 3 years.

RECT balance sheet, FY2026

March 31, 2026 · Singapore dollars

S$37.6M assets = S$15.9M liabilities + S$21.7M equity

What it ownsS$37.6MCash & ST investments: S$4.7M (12.5%)Cash & ST investmentsS$4.7M · 12%Receivables: S$12.8M (33.9%)ReceivablesS$12.8M · 34%Inventory: S$8.6M (22.9%)InventoryS$8.6M · 23%Other current: S$546,643 (1.5%)PP&E: S$9.0M (23.8%)PP&ES$9.0M · 24%LT investments: S$233,715 (0.6%)Other non-current: S$1.8M (4.8%)=How it is financedS$37.6MCurrent liabilities: S$10.5M (28.0%)Current liabilitiesS$10.5M · 28%Long-term debt: S$3.5M (9.4%)Long-term debt S$3.5MOther LT liabilities: S$1.9M (5.0%)Shareholders’ equity: S$21.7M (57.7%)Shareholders’ equityS$21.7M · 58%

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

RECT financial health

Current ratio2.53
Comfortable · current assets cover current liabilities 2.53×
Debt / equity0.33
Low leverage · S$0.33 of debt for each $1 of equity
Equity / assets57.7%
Equity-funded · of assets funded by shareholders
Cash / debt66.0%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2026.

RECT balance sheet trends, FY2022–FY2026

MetricTrendThenLatestChange
Total assetsS$25.3MFY2022S$37.6MFY2026+22.0%/yr
Total liabilitiesS$15.8MFY2022S$15.9MFY2026+0.4%/yr
Shareholders’ equityS$9.5MFY2022S$21.7MFY2026+51.5%/yr
Cash & short-term investmentsS$1.1MFY2022S$4.7MFY2026+102.5%/yr
Total debtS$7.5MFY2022S$7.1MFY2026−3.0%/yr
Net cash (debt)−S$6.4MFY2022−S$2.4MFY2026+S$4.0M
Working capitalS$6.6MFY2022S$16.1MFY2026+S$9.5M
Current ratio1.65FY20222.53FY2026+0.88
Debt / equity0.80FY20220.33FY2026−0.47
Shares outstanding12.5MFY202214.5MFY2026+7.7%/yr

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

RECT assets

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

RECT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

RECT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

RECT balance sheet in Singapore dollars

FY2026FY2025FY2022
Assets
Cash & short-term investmentsS$4.7MS$6.6MS$1.1M
Cash & equivalentsS$4.7MS$6.6MS$1.1M
ReceivablesS$12.8MS$13.0MS$9.4M
InventoryS$8.6MS$7.6MS$5.6M
Other current assetsS$546,643S$236,811S$628,385
Total current assetsS$26.6MS$27.5MS$16.8M
Property, plant & equipment (net)S$9.0MS$10.8MS$8.3M
Goodwill & intangible assetsS$0S$0S$0
Long-term investmentsS$233,715S$236,771S$220,249
Other non-current assetsS$1.8MS$5.2MS$0
Total assetsS$37.6MS$43.7MS$25.3M
Liabilities
Accounts payableS$6.9MS$7.6MS$6.1M
Short-term debtS$1.7MS$1.9MS$1.9M
Total current liabilitiesS$10.5MS$12.1MS$10.2M
Long-term debtS$3.5MS$2.8MS$3.8M
Lease obligationsS$5.2MS$5.5MS$2.6M
Other long-term liabilitiesS$1.9MS$4.0MS$1.8M
Total liabilitiesS$15.9MS$18.9MS$15.8M
Shareholders' equity
Common stock & paid-in capitalS$1,529S$1,978S$1,707
Retained earnings (deficit)S$13.2MS$13.4MS$6.1M
Accumulated other comprehensive income−S$287,957−S$61,042—
Total shareholders' equityS$21.7MS$24.8MS$9.5M
Key figures
Total debtS$7.1MS$8.7MS$7.5M
Net cash (debt)−S$2.4M−S$2.0M−S$6.4M
Working capitalS$16.1MS$15.3MS$6.6M
Tangible book valueS$21.7MS$24.8MS$9.5M
Shares outstanding14.5M13.6M12.5M
Current ratio2.532.261.65
Quick ratio1.661.621.03
Debt / equity0.330.350.80
Equity / assets57.7%56.7%37.4%

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

RECT financial position

At the end of fiscal 2026 (March 31, 2026), Rectitude had total assets of S$37.6 million (down 13.9% from a year earlier), total liabilities of S$15.9 million and shareholders' equity of S$21.7 million. It held S$4.7 million in cash and short-term investments against S$7.1 million of debt, net debt of S$2.4 million. Its current ratio was 2.53. In the latest quarter (ended June 30, 2026) total assets were S$37.6 million and equity S$21.7 million.

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

RECT balance sheet FAQ

What are Rectitude's total assets?

Rectitude reported total assets of S$37.6 million at the end of fiscal 2026 (March 31, 2026), compared with S$43.7 million a year earlier.

How much debt does Rectitude have?

Rectitude had S$7.1 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.33.

How much cash does Rectitude have?

Rectitude held S$4.7 million in cash and short-term investments at the end of fiscal 2026; with S$7.1 million of debt that is net debt of S$2.4 million.

What is Rectitude's book value?

Rectitude's shareholders' equity (book value) was S$21.7 million at the end of fiscal 2026.

What is Rectitude's current ratio?

Rectitude had current assets of S$26.6 million and current liabilities of S$10.5 million, a current ratio of 2.53 (it can cover its short-term obligations).

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