Thornburg Income Builder Opportunities Trust (TBLD) Balance Sheet
TBLD balance sheet, FY2025
September 30, 2025 · U.S. dollars$684.9M assets = $4.4M liabilities + $680.5M equity
Both columns are drawn to the same scale: what TBLD owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TBLD financial health
Descriptive bands, not a rating. Fiscal FY2025.
TBLD balance sheet trends, FY2021–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $676.5MFY2021 | $684.9MFY2025 | +0.3%/yr | |
| Total liabilities | $43.3MFY2021 | $4.4MFY2025 | −43.6%/yr | |
| Shareholders’ equity | $633.2MFY2021 | $680.5MFY2025 | +1.8%/yr | |
| Cash & short-term investments | $421,988FY2021 | $569,242FY2025 | +7.8%/yr | |
| Working capital | −$24.5MFY2021 | $2.1MFY2025 | +$26.6M | |
| Book value per share | $19.74FY2021 | $21.21FY2025 | +1.8%/yr | |
| Current ratio | 0.33FY2021 | 1.68FY2025 | +1.35 | |
| Shares outstanding | 32.1MFY2021 | 32.1MFY2025 | +0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TBLD assets
TBLD liabilities and equity
TBLD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TBLD balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $569,242 | $530,861 | $445,847 | $19,871 | $421,988 |
| Cash & equivalents | $569,242 | $530,861 | $445,847 | $19,871 | $421,988 |
| Receivables | $4.7M | $3.1M | $5.8M | $3.4M | $11.4M |
| Inventory | $0 | $0 | $5.8M | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $95,328 |
| Total current assets | $5.2M | $530,861 | $6.2M | $3.4M | $11.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $678.3M | $620.5M | $538.1M | $477.4M | $660.3M |
| Other non-current assets | $1.4M | $4.5M | $6.0M | $1.7M | $4.3M |
| Total assets | $684.9M | $625.5M | $550.4M | $482.5M | $676.5M |
| Liabilities | |||||
| Accounts payable | $3.1M | $1.9M | $4.3M | $279,037 | $36.4M |
| Total current liabilities | $3.1M | $1.9M | $4.3M | $279,037 | $36.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $1.3M | $724,423 | $1.2M | $1.9M | $7.0M |
| Total liabilities | $4.4M | $2.6M | $5.5M | $2.2M | $43.3M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $641.6M | $641.6M | $641.6M | $641.6M | $641.6M |
| Retained earnings (deficit) | $38.9M | −$18.7M | −$96.8M | −$161.3M | −$8.5M |
| Total shareholders' equity | $680.5M | $622.9M | $544.9M | $480.4M | $633.2M |
| Key figures | |||||
| Working capital | $2.1M | −$1.3M | $2.0M | $3.2M | −$24.5M |
| Tangible book value | $680.5M | $622.9M | $544.9M | $480.4M | $633.2M |
| Book value per share | $21.21 | $19.41 | $16.98 | $15.01 | $19.74 |
| Shares outstanding | 32.1M | 32.1M | 32.1M | 32.0M | 32.1M |
| Current ratio | 1.68 | 0.29 | 1.47 | 12.30 | 0.33 |
| Quick ratio | 1.68 | 1.97 | 1.47 | 12.30 | 0.32 |
| Equity / assets | 99.4% | 99.6% | 99.0% | 99.6% | 93.6% |
| Mar '26 | Sep '25 | Mar '25 | Sep '24 | Mar '24 | Sep '23 | Mar '23 | Sep '22 | Mar '22 | Mar '21 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4,639 | $569,242 | $681,696 | $530,861 | $8.8M | $445,847 | $120,328 | $19,871 | $134,832 | $125,000 |
| Cash & equivalents | $4,639 | $569,242 | $681,696 | $530,861 | $8.8M | $445,847 | $120,328 | $19,871 | $134,832 | $125,000 |
| Receivables | $1.6M | $4.7M | $2.5M | $3.1M | $3.4M | $5.8M | $14.3M | $3.4M | $4.1M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $5.8M | $0 | $0 | $0 | $0 |
| Other current assets | $45,951 | $0 | $42,679 | $0 | $0 | $0 | $46,297 | $0 | $38,892 | $0 |
| Total current assets | $1.6M | $5.2M | $3.2M | $530,861 | $8.8M | $6.2M | $14.5M | $3.4M | $4.2M | $125,000 |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $723.2M | $678.3M | $623.2M | $620.5M | $573.3M | $538.1M | $540.4M | $477.4M | $600.0M | $0 |
| Other non-current assets | $3.7M | $1.4M | $1.4M | $4.5M | $10.1M | $6.0M | $5.0M | $1.7M | $8.4M | $0 |
| Total assets | $728.5M | $684.9M | $627.8M | $625.5M | $592.2M | $550.4M | $559.9M | $482.5M | $612.6M | $125,000 |
| Liabilities | ||||||||||
| Accounts payable | $442,651 | $3.1M | $2.2M | $1.9M | $307,140 | $4.3M | $133,175 | $279,037 | $251,075 | — |
| Total current liabilities | $1.3M | $3.1M | $2.2M | $1.9M | $307,140 | $4.3M | $133,175 | $279,037 | $251,075 | — |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $737,650 | $1.3M | $1.2M | $724,423 | $2.3M | $1.2M | $1.3M | $1.9M | $3.0M | — |
| Total liabilities | $2.0M | $4.4M | $3.4M | $2.6M | $2.6M | $5.5M | $1.4M | $2.2M | $3.3M | $0 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $641.6M | $641.6M | $641.6M | $641.6M | $641.6M | $641.6M | $641.6M | $641.6M | $641.6M | $125,000 |
| Retained earnings (deficit) | $85.0M | $38.9M | −$17.2M | −$18.7M | −$52.1M | −$96.8M | −$83.2M | −$161.3M | −$32.4M | — |
| Total shareholders' equity | $726.5M | $680.5M | $624.4M | $622.9M | $589.6M | $544.9M | $558.5M | $480.4M | $609.3M | $125,000 |
| Key figures | ||||||||||
| Working capital | $384,181 | $2.1M | $944,417 | −$1.3M | $8.5M | $2.0M | $14.3M | $3.2M | $4.0M | — |
| Tangible book value | $726.5M | $680.5M | $624.4M | $622.9M | $589.6M | $544.9M | $558.5M | $480.4M | $609.3M | $125,000 |
| Book value per share | $22.65 | $21.21 | $19.46 | $19.42 | $18.38 | $16.98 | $17.41 | $14.97 | $18.99 | $0.00 |
| Shares outstanding | 32.1M | 32.1M | 32.1M | 32.1M | 32.1M | 32.1M | 32.1M | 32.1M | 32.1M | 32.1M |
| Current ratio | 1.30 | 1.68 | 1.42 | 0.29 | 28.58 | 1.47 | 108.61 | 12.30 | 16.86 | — |
| Quick ratio | 1.27 | 1.68 | 1.40 | 1.97 | 39.75 | 1.47 | 108.26 | 12.30 | 16.71 | — |
| Equity / assets | 99.7% | 99.4% | 99.5% | 99.6% | 99.6% | 99.0% | 99.7% | 99.6% | 99.5% | 100.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 30, 2025); data from EODHD.
TBLD financial position
At the end of fiscal 2025 (September 30, 2025), Thornburg Income Builder Opportunities had total assets of $684.9 million (up 9.5% from a year earlier), total liabilities of $4.4 million and shareholders' equity of $680.5 million. Its current ratio was 1.68. In the latest quarter (ended March 31, 2026) total assets were $728.5 million and equity $726.5 million.
Related: TBLD income statement, TBLD key metrics. See the TBLD stock overview for the latest quote and news.
TBLD balance sheet FAQ
What are Thornburg Income Builder Opportunities's total assets?
Thornburg Income Builder Opportunities reported total assets of $684.9 million at the end of fiscal 2025 (September 30, 2025), compared with $625.5 million a year earlier.
How much cash does Thornburg Income Builder Opportunities have?
Thornburg Income Builder Opportunities held $0.6 million in cash and short-term investments at the end of fiscal 2025.
What is Thornburg Income Builder Opportunities's book value?
Thornburg Income Builder Opportunities's shareholders' equity (book value) was $680.5 million at the end of fiscal 2025, or $21.21 per share.
What is Thornburg Income Builder Opportunities's current ratio?
Thornburg Income Builder Opportunities had current assets of $5.2 million and current liabilities of $3.1 million, a current ratio of 1.68 (it can cover its short-term obligations).