Ryde Group Ltd. (RYDE) Balance Sheet

NYSE American: RYDEAssets, liabilities, debt and equity over 5 years.

RYDE balance sheet, 2025

December 31, 2025 · Singapore dollars

S$38.3M assets = S$6.3M liabilities + S$32.0M equity

What it ownsS$38.3MCash & ST investments: S$5.0M (13.1%)Cash & ST investmentsS$5.0M · 13%Receivables: S$11.2M (29.2%)ReceivablesS$11.2M · 29%Other current: S$19.5M (50.9%)Other currentS$19.5M · 51%PP&E: S$70,000 (0.2%)Goodwill & intangibles: S$815,000 (2.1%)LT investments: S$1.7M (4.6%)=How it is financedS$38.3MCurrent liabilities: S$6.3M (16.5%)Current liabilitiesS$6.3M · 17%Shareholders’ equity: S$32.0M (83.5%)Shareholders’ equityS$32.0M · 83%

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

RYDE financial health

Current ratio5.63
Comfortable · current assets cover current liabilities 5.63×
Debt / equity0.00
Low leverage · S$0.00 of debt for each $1 of equity
Equity / assets83.1%
Equity-funded · of assets funded by shareholders
Cash / debt8,478.0%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles2.1%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

RYDE balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assetsS$3.7M2021S$38.3M2025+79.5%/yr
Total liabilitiesS$3.8M2021S$6.3M2025+13.3%/yr
Shareholders’ equity−S$155,0002021S$31.8M2025—
Cash & short-term investmentsS$2.6M2021S$5.0M2025+17.4%/yr
Total debtS$500,0002021S$59,0002025−41.4%/yr
Net cash (debt)S$2.1M2021S$4.9M2025+S$2.8M
Working capital−S$531,0002021S$29.3M2025+S$29.9M
Current ratio0.8620215.632025+4.77
Debt / equity0.0320240.002025−0.03
Shares outstanding11.7M202127.4M2025+23.7%/yr

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

RYDE assets

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

RYDE liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

RYDE debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

RYDE balance sheet in Singapore dollars

20252024202320222021
Assets
Cash & short-term investmentsS$5.0MS$5.5MS$1.7MS$3.0MS$2.6M
Cash & equivalentsS$5.0MS$5.5MS$1.7MS$3.0MS$2.6M
Short-term investments—S$214,000S$209,000——
ReceivablesS$11.2MS$154,000S$203,000S$234,000S$202,000
InventoryS$0S$0S$409,792S$0S$2
Other current assetsS$19.5MS$2.5MS$2.2MS$526,000S$482,998
Total current assetsS$35.7MS$8.2MS$4.5MS$3.8MS$3.3M
Property, plant & equipment (net)S$70,000S$155,000S$61,000S$24,000S$24,000
Goodwill & intangible assetsS$815,000S$741,000S$673,000S$532,000S$351,000
Long-term investmentsS$1.7MS$0S$0S$0S$0
Other non-current assetsS$0S$0S$0S$0S$0
Total assetsS$38.3MS$9.1MS$5.2MS$4.3MS$3.7M
Liabilities
Accounts payableS$5.0MS$4.1MS$5.5MS$3.4MS$2.9M
Short-term debtS$59,000S$76,000S$5.2MS$2.3MS$500,000
Deferred revenue——S$1S$2S$1
Total current liabilitiesS$6.3MS$5.1MS$12.6MS$4.2MS$3.8M
Long-term debtS$0S$0S$0S$5.1MS$0
Lease obligationsS$59,000S$135,000S$49,000S$0—
Other long-term liabilitiesS$0S$91,000S$32,000S$0S$0
Total liabilitiesS$6.3MS$5.2MS$12.6MS$9.3MS$3.8M
Shareholders' equity
Common stock & paid-in capitalS$32,000S$7,000S$4,000S$3,000S$3,000
Retained earnings (deficit)−S$62.2M−S$44.5M−S$25.9M−S$13.1M−S$8.1M
Accumulated other comprehensive income−S$228,000S$111,000−S$117,000——
Minority interestS$143,000−S$104,000−S$79,000−S$37,000—
Total shareholders' equityS$31.8MS$4.0M−S$7.3M−S$5.0M−S$155,000
Key figures
Total debtS$59,000S$135,000S$5.2MS$7.4MS$500,000
Net cash (debt)S$4.9MS$5.4M−S$3.5M−S$4.4MS$2.1M
Working capitalS$29.3MS$3.1M−S$8.1M−S$461,000−S$531,000
Tangible book valueS$31.0MS$3.2M−S$8.0M−S$5.5M−S$506,000
Shares outstanding27.4M21.3M19.1M11.7M11.7M
Current ratio5.631.600.350.890.86
Quick ratio2.551.110.150.770.74
Debt / equity0.000.03———
Equity / assets83.1%43.7%−141.3%−114.8%−4.2%

Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported (latest annual report filed April 24, 2026); data from EODHD.

RYDE financial position

At the end of fiscal 2025 (December 31, 2025), Ryde had total assets of S$38.3 million (up 321.9% from a year earlier), total liabilities of S$6.3 million and shareholders' equity of S$31.8 million. It held S$5.0 million in cash and short-term investments against S$0.1 million of debt, a net cash position of S$4.9 million. Its current ratio was 5.63. In the latest quarter (ended September 30, 2026) total assets were S$57.2 million and equity S$51.4 million.

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

RYDE balance sheet FAQ

What are Ryde's total assets?

Ryde reported total assets of S$38.3 million at the end of fiscal 2025 (December 31, 2025), compared with S$9.1 million a year earlier.

How much debt does Ryde have?

Ryde had S$0.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.

How much cash does Ryde have?

Ryde held S$5.0 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$4.9 million.

What is Ryde's book value?

Ryde's shareholders' equity (book value) was S$31.8 million at the end of fiscal 2025.

What is Ryde's current ratio?

Ryde had current assets of S$35.7 million and current liabilities of S$6.3 million, a current ratio of 5.63 (it can cover its short-term obligations).

How much goodwill does Ryde have?

Ryde carried S$0.8 million of goodwill and intangible assets, 2.1% of total assets, at the end of fiscal 2025.

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