SIMPPLE LTD. (SPPL) Balance Sheet
SPPL balance sheet, 2025
December 31, 2025 · Singapore dollarsS$11.1M assets = S$7.6M liabilities + S$3.4M equity
Both columns are drawn to the same scale: what SPPL owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SPPL financial health
Descriptive bands, not a rating. Fiscal 2025.
SPPL balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | S$5.7M2020 | S$11.1M2025 | +14.2%/yr | |
| Total liabilities | S$7.4M2020 | S$7.6M2025 | +0.6%/yr | |
| Shareholders’ equity | −S$1.7M2020 | S$3.4M2025 | — | |
| Cash & short-term investments | S$1.4M2020 | S$3.1M2025 | +17.1%/yr | |
| Total debt | S$4.1M2020 | S$3.4M2025 | −3.4%/yr | |
| Net cash (debt) | −S$2.6M2020 | −S$271,0012025 | +S$2.4M | |
| Working capital | S$660,2012020 | −S$654,8022025 | −S$1.3M | |
| Current ratio | 1.162020 | 0.912025 | −0.26 | |
| Debt / equity | 8.612022 | 0.992025 | −7.62 | |
| Shares outstanding | 16.5M2020 | 5.8M2025 | −18.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SPPL assets
SPPL liabilities and equity
SPPL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SPPL balance sheet in Singapore dollars
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | S$3.1M | S$514,825 | S$1.2M | S$535,023 | S$757,736 | S$1.4M |
| Cash & equivalents | S$3.1M | S$514,825 | S$1.2M | S$535,023 | S$757,736 | S$1.4M |
| Short-term investments | — | S$66,921 | S$31,403 | S$32,975 | — | — |
| Receivables | S$868,920 | S$1.2M | S$4.4M | S$779,305 | S$2.1M | S$1.8M |
| Inventory | S$816,874 | S$793,470 | S$867,446 | S$1.0M | S$1.1M | S$333,632 |
| Other current assets | S$1.7M | S$1.1M | S$447,977 | S$2.0M | S$710,734 | S$1.1M |
| Total current assets | S$6.6M | S$3.6M | S$6.9M | S$4.4M | S$4.7M | S$4.7M |
| Property, plant & equipment (net) | S$1.2M | S$143,987 | S$275,978 | S$380,057 | S$221,565 | S$788,615 |
| Goodwill & intangible assets | S$3.3M | S$2.4M | S$1.5M | S$1.1M | S$0 | S$0 |
| Long-term investments | S$0 | S$0 | S$0 | S$0 | S$1 | S$250,001 |
| Other non-current assets | S$0 | S$429,983 | S$0 | S$0 | S$0 | S$0 |
| Total assets | S$11.1M | S$6.6M | S$8.8M | S$5.8M | S$4.9M | S$5.7M |
| Liabilities | ||||||
| Accounts payable | S$409,493 | S$898,984 | S$495,877 | S$316,517 | S$316,029 | S$143,074 |
| Short-term debt | S$3.0M | S$606,322 | S$847,024 | S$1.3M | S$1.0M | S$651,773 |
| Deferred revenue | S$2.1M | S$1.9M | S$1.8M | S$385,838 | S$737,620 | S$831,610 |
| Total current liabilities | S$7.2M | S$4.2M | S$4.6M | S$4.0M | S$3.6M | S$4.0M |
| Long-term debt | S$0 | S$0 | S$521,601 | S$1.3M | S$2.2M | S$3.3M |
| Lease obligations | S$687,749 | S$98,876 | S$191,876 | S$319,439 | S$125,022 | S$213,512 |
| Other long-term liabilities | S$427,418 | S$13,294 | S$98,876 | S$217,037 | S$37,462 | S$119,023 |
| Total liabilities | S$7.6M | S$4.2M | S$5.2M | S$5.5M | S$5.8M | S$7.4M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | S$2,060 | S$2,060 | S$2,060 | S$2,060 | S$2,060 | S$1,359 |
| Retained earnings (deficit) | −S$18.8M | −S$14.6M | −S$10.7M | −S$3.1M | −S$2.3M | −S$2.4M |
| Accumulated other comprehensive income | −S$30,184 | S$37,548 | −S$1,200 | — | S$399,999 | S$399,999 |
| Total shareholders' equity | S$3.4M | S$2.4M | S$3.5M | S$323,041 | −S$889,447 | −S$1.7M |
| Key figures | ||||||
| Total debt | S$3.4M | S$619,616 | S$1.5M | S$2.8M | S$3.3M | S$4.1M |
| Net cash (debt) | −S$271,001 | −S$104,791 | −S$280,042 | −S$2.2M | −S$2.5M | −S$2.6M |
| Working capital | −S$654,802 | −S$512,560 | S$2.3M | S$364,837 | S$1.1M | S$660,201 |
| Tangible book value | S$157,717 | S$48,116 | S$2.0M | −S$749,574 | −S$889,447 | −S$1.7M |
| Shares outstanding | 5.8M | 16.5M | 16.5M | 16.5M | 16.5M | 16.5M |
| Current ratio | 0.91 | 0.88 | 1.51 | 1.09 | 1.32 | 1.16 |
| Quick ratio | 0.56 | 0.41 | 1.22 | 0.33 | 0.81 | 0.80 |
| Debt / equity | 0.99 | 0.25 | 0.41 | 8.61 | — | — |
| Equity / assets | 31.0% | 37.0% | 40.5% | 5.5% | −18.0% | −29.9% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | S$3.1M | S$3.1M | S$514,825 | S$1.1M | S$514,825 | S$514,825 | S$1.5M | S$1.5M | S$1.2M | S$1.2M | S$73,321 |
| Cash & equivalents | S$3.1M | S$3.1M | S$514,825 | S$960,515 | S$514,825 | S$514,825 | S$1.5M | S$1.5M | S$1.2M | S$1.2M | S$43,919 |
| Short-term investments | — | — | — | S$160,543 | S$66,921 | — | S$69,107 | — | S$31,403 | — | S$29,402 |
| Receivables | S$868,920 | S$823,907 | S$1.2M | S$3.6M | S$1.2M | S$496,012 | S$917,619 | S$657,911 | S$4.4M | S$4.2M | S$526,990 |
| Inventory | S$816,874 | S$816,874 | S$793,470 | S$908,389 | S$793,470 | S$793,470 | S$855,211 | S$855,211 | S$867,446 | S$867,446 | S$1.1M |
| Other current assets | S$1.7M | S$1.8M | S$1.1M | S$2.5M | S$1.1M | S$1.8M | S$819,693 | S$1.1M | S$447,977 | S$624,471 | S$2.3M |
| Total current assets | S$6.6M | S$6.6M | S$3.6M | S$8.1M | S$3.6M | S$3.6M | S$4.1M | S$4.1M | S$6.9M | S$6.9M | S$3.9M |
| Property, plant & equipment (net) | S$1.2M | S$1.2M | S$143,987 | S$297,905 | S$143,987 | S$143,987 | S$216,820 | S$216,820 | S$275,978 | S$275,978 | S$292,037 |
| Goodwill & intangible assets | S$3.3M | S$3.3M | S$2.4M | S$2.3M | S$2.4M | S$2.4M | S$1.7M | S$1.7M | S$1.5M | S$1.5M | S$1.1M |
| Long-term investments | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 |
| Other non-current assets | S$0 | S$0 | S$429,983 | S$766,828 | S$429,983 | S$429,983 | S$0 | S$0 | S$50,283 | S$50,283 | S$0 |
| Total assets | S$11.1M | S$11.1M | S$6.6M | S$11.5M | S$6.6M | S$6.6M | S$6.0M | S$6.0M | S$8.8M | S$8.8M | S$5.3M |
| Liabilities | |||||||||||
| Accounts payable | S$409,493 | S$409,493 | S$898,984 | S$1.3M | S$898,984 | S$898,984 | S$479,039 | S$479,039 | S$495,877 | S$495,877 | S$536,646 |
| Short-term debt | S$3.0M | — | S$606,322 | S$3.6M | S$606,322 | — | S$642,114 | — | S$847,024 | — | S$1.6M |
| Deferred revenue | S$2.1M | — | S$1.9M | S$2.2M | S$1.9M | — | S$2.1M | — | S$1.8M | — | — |
| Total current liabilities | S$7.2M | S$7.2M | S$4.2M | S$8.0M | S$4.2M | S$4.2M | S$4.4M | S$4.4M | S$4.6M | S$4.6M | S$4.6M |
| Long-term debt | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$0 | S$262,110 | S$0 | S$521,601 | S$0 |
| Lease obligations | — | S$687,749 | — | — | — | S$98,876 | — | S$146,249 | — | S$191,876 | — |
| Other long-term liabilities | S$427,418 | S$427,418 | S$13,294 | S$5,396 | S$13,294 | S$13,294 | S$311,801 | S$49,691 | S$620,477 | S$98,876 | S$1.4M |
| Total liabilities | S$7.6M | S$7.6M | S$4.2M | S$8.0M | S$4.2M | S$4.2M | S$4.7M | S$4.7M | S$5.2M | S$5.2M | S$6.0M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | S$2,060 | — | S$2,060 | S$2,060 | S$2,060 | — | S$2,060 | — | S$2,060 | — | S$2,060 |
| Retained earnings (deficit) | −S$18.8M | −S$18.8M | −S$14.6M | −S$16.2M | −S$14.6M | −S$14.6M | −S$13.0M | −S$13.0M | −S$10.7M | −S$10.7M | −S$4.2M |
| Accumulated other comprehensive income | −S$30,184 | — | S$37,548 | S$52,023 | S$37,548 | — | −S$5,855 | — | −S$1,200 | — | — |
| Total shareholders' equity | S$3.4M | S$3.4M | S$2.4M | S$3.4M | S$2.4M | S$2.4M | S$1.3M | S$1.3M | S$3.5M | S$3.5M | −S$710,925 |
| Key figures | |||||||||||
| Total debt | S$3.4M | — | S$619,616 | S$3.6M | S$619,616 | — | S$953,915 | S$262,110 | S$1.5M | S$521,601 | S$3.0M |
| Net cash (debt) | −S$271,001 | — | −S$104,791 | −S$2.5M | −S$104,791 | — | S$511,735 | S$1.2M | −S$280,042 | S$665,858 | −S$2.9M |
| Working capital | −S$654,802 | −S$654,802 | −S$512,560 | S$122,956 | −S$512,560 | −S$512,560 | −S$340,735 | −S$340,735 | S$2.3M | S$2.3M | −S$685,511 |
| Tangible book value | S$157,717 | S$157,717 | S$48,116 | S$1.2M | S$48,116 | S$48,116 | −S$435,716 | −S$435,716 | S$2.0M | S$2.0M | −S$1.8M |
| Shares outstanding | 5.8M | 5.8M | 17.7M | 4.9M | 17.7M | 3.5M | 2.0M | 2.0M | 2.2M | 2.0M | 1.8M |
| Current ratio | 0.91 | 0.91 | 0.88 | 1.02 | 0.88 | 0.88 | 0.92 | 0.92 | 1.50 | 1.50 | 0.85 |
| Quick ratio | 0.56 | 0.55 | 0.41 | 0.59 | 0.41 | 0.24 | 0.54 | 0.48 | 1.21 | 1.17 | 0.13 |
| Debt / equity | 0.99 | — | 0.25 | 1.04 | 0.25 | — | 0.74 | 0.20 | 0.41 | 0.15 | — |
| Equity / assets | 31.0% | 31.0% | 37.0% | 30.0% | 37.0% | 37.0% | 21.5% | 21.5% | 40.5% | 40.5% | −13.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported (latest annual report filed April 8, 2026); data from EODHD.
SPPL financial position
At the end of fiscal 2025 (December 31, 2025), SIMPPLE LTD. had total assets of S$11.1 million (up 67.2% from a year earlier), total liabilities of S$7.6 million and shareholders' equity of S$3.4 million. It held S$3.1 million in cash and short-term investments against S$3.4 million of debt, net debt of S$0.3 million. Its current ratio was 0.91. In the latest quarter (ended March 31, 2026) total assets were S$11.1 million and equity S$3.4 million.
Related: SPPL income statement, SPPL cash flow statement, SPPL key metrics. See the SPPL stock overview for the latest quote and news.
SPPL balance sheet FAQ
What are SIMPPLE LTD.'s total assets?
SIMPPLE LTD. reported total assets of S$11.1 million at the end of fiscal 2025 (December 31, 2025), compared with S$6.6 million a year earlier.
How much debt does SIMPPLE LTD. have?
SIMPPLE LTD. had S$3.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.99.
How much cash does SIMPPLE LTD. have?
SIMPPLE LTD. held S$3.1 million in cash and short-term investments at the end of fiscal 2025; with S$3.4 million of debt that is net debt of S$0.3 million.
What is SIMPPLE LTD.'s book value?
SIMPPLE LTD.'s shareholders' equity (book value) was S$3.4 million at the end of fiscal 2025.
What is SIMPPLE LTD.'s current ratio?
SIMPPLE LTD. had current assets of S$6.6 million and current liabilities of S$7.2 million, a current ratio of 0.91 (current liabilities exceed current assets).
How much goodwill does SIMPPLE LTD. have?
SIMPPLE LTD. carried S$3.3 million of goodwill and intangible assets, 29.6% of total assets, at the end of fiscal 2025.