Tamboran Resources Corp (TBN) Balance Sheet
TBN balance sheet, FY2026
June 30, 2026 · U.S. dollars$1.15B assets = $184.4M liabilities + $969.6M equity
Both columns are drawn to the same scale: what TBN owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TBN financial health
Descriptive bands, not a rating. Fiscal FY2026.
TBN balance sheet trends, FY2018–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.2MFY2018 | $1.15BFY2026 | +167.0%/yr | |
| Total liabilities | $14.5MFY2018 | $184.4MFY2026 | +52.8%/yr | |
| Shareholders’ equity | −$11.3MFY2018 | $796.2MFY2026 | — | |
| Cash & short-term investments | $1.7MFY2018 | $219.1MFY2026 | +123.9%/yr | |
| Total debt | $17.4MFY2019 | $84.8MFY2026 | +37.3%/yr | |
| Net cash (debt) | $9.1MFY2019 | $134.4MFY2026 | +$125.2M | |
| Working capital | $713,512FY2018 | $150.1MFY2026 | +$149.4M | |
| Book value per share | $27.80FY2024 | $35.44FY2026 | +12.9%/yr | |
| Current ratio | 1.68FY2018 | 2.61FY2026 | +0.93 | |
| Debt / equity | 0.01FY2021 | 0.11FY2026 | +0.09 | |
| Shares outstanding | 9.5MFY2024 | 22.5MFY2026 | +54.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TBN assets
TBN liabilities and equity
TBN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TBN balance sheet
| FY2026 | FY2025 | FY2024 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $219.1M | $39.4M | $74.7M | $63.1M | $5.6M | $26.5M | $1.7M |
| Cash & equivalents | $219.1M | $39.4M | $74.7M | $63.1M | $5.6M | $26.5M | $1.7M |
| Short-term investments | — | — | — | $0 | $3.2M | — | — |
| Receivables | $5.6M | $9.6M | $11.0M | $436,442 | $491,753 | $0 | $21,505 |
| Inventory | $0 | $0 | $8.4M | $2 | $2 | $0 | $0 |
| Other current assets | $18.4M | $7.6M | $3.2M | $58,313 | $0 | $81,573 | $4,527 |
| Total current assets | $243.2M | $56.7M | $97.3M | $63.6M | $5.8M | $26.6M | $1.8M |
| Property, plant & equipment (net) | $17.8M | $385.2M | $259.4M | $48.7M | $3.3M | $4.5M | $12,303 |
| Goodwill & intangible assets | $0 | $0 | $0 | $433,457 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $893.0M | $4.6M | $1.9M | $0 | $16.0M | $0 | $1.4M |
| Total assets | $1.15B | $446.5M | $358.6M | $112.6M | $25.1M | $31.1M | $3.2M |
| Liabilities | |||||||
| Accounts payable | $27.1M | $5.7M | $6.6M | $5.7M | $3.8M | $578,343 | $453,556 |
| Short-term debt | $16.3M | $15.7M | $13.2M | $359,830 | $294,577 | — | — |
| Deferred revenue | — | $450,239 | −$14.82B | $1 | $1 | — | — |
| Total current liabilities | $93.1M | $36.6M | $28.0M | $7.0M | $4.5M | $937,243 | $1.1M |
| Long-term debt | $0 | $0 | $0 | $721,793 | $15.6M | $0 | $0 |
| Lease obligations | — | $26.4M | $27.9M | — | — | — | — |
| Other long-term liabilities | $91.4M | $20.4M | $23.0M | $497,233 | $44.6M | $17.4M | $13.4M |
| Total liabilities | $184.4M | $57.0M | $51.0M | $8.2M | $64.7M | $56.7M | $14.5M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $35,000 | $16,717 | $13,915 | $183.9M | $20.5M | $20.5M | $20.5M |
| Retained earnings (deficit) | −$193.4M | −$167.3M | −$130.4M | −$88.1M | −$64.3M | −$49.8M | −$34.4M |
| Accumulated other comprehensive income | −$812,000 | −$9.4M | −$11.5M | $8.6M | $4.2M | $3.7M | $2.7M |
| Minority interest | — | $101.7M | $45.0M | — | — | — | — |
| Total shareholders' equity | $796.2M | $287.7M | $262.7M | $104.4M | −$39.6M | −$25.6M | −$11.3M |
| Key figures | |||||||
| Total debt | $84.8M | $26.4M | $27.9M | $1.5M | $24.3M | $17.4M | — |
| Net cash (debt) | $134.4M | $13.0M | $46.9M | $61.6M | −$18.7M | $9.1M | — |
| Working capital | $150.1M | $20.1M | $69.3M | $56.6M | $1.3M | $25.6M | $713,512 |
| Tangible book value | $796.2M | $287.7M | $262.7M | $103.9M | −$39.6M | −$25.6M | −$11.3M |
| Book value per share | $35.44 | $19.62 | $27.80 | — | — | — | — |
| Shares outstanding | 22.5M | 14.7M | 9.5M | — | — | — | — |
| Current ratio | 2.61 | 1.55 | 3.48 | 9.10 | 1.28 | 28.36 | 1.68 |
| Quick ratio | 2.42 | 1.34 | 3.06 | 9.10 | 1.34 | 28.28 | 1.67 |
| Debt / equity | 0.11 | 0.09 | 0.11 | 0.01 | — | — | — |
| Equity / assets | 69.0% | 64.4% | 73.3% | 92.7% | −157.8% | −82.6% | −355.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $219.1M | $101.9M | $83.4M | $39.6M | $45.2M | $25.6M | $59.4M | $74.0M | $74.7M | $39.7M | $48.7M | $33.0M |
| Cash & equivalents | $219.1M | $101.9M | $83.4M | $39.6M | $45.2M | $25.6M | $59.4M | $74.0M | $74.7M | $39.7M | $48.7M | $33.0M |
| Receivables | $5.6M | $6.8M | $4.1M | $4.2M | $9.6M | $9.4M | $5.7M | $4.6M | $11.0M | $0 | $8.3M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.4M | $0 | $1 | $0 |
| Other current assets | $18.4M | $9.4M | $18.9M | $2.7M | $1.9M | $2.9M | $2.2M | $11.3M | $3.2M | $23.1M | $17.0M | $17.2M |
| Total current assets | $243.2M | $118.1M | $106.4M | $46.5M | $56.7M | $37.9M | $67.3M | $90.0M | $97.3M | $62.9M | $74.0M | $50.2M |
| Property, plant & equipment (net) | $17.8M | $80.2M | $485.2M | $432.4M | $42.8M | $340.7M | $292.7M | $289.3M | $259.4M | $357.3M | $340.6M | $231.1M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $893.0M | $473.8M | $9.0M | $5.3M | $346.9M | $2.9M | $2.9M | $1.9M | $1.9M | $2.8M | $2.7M | $1.8M |
| Total assets | $1.15B | $672.1M | $600.6M | $484.2M | $446.5M | $381.5M | $362.9M | $381.2M | $358.6M | $423.0M | $417.4M | $283.2M |
| Liabilities | ||||||||||||
| Accounts payable | $27.1M | $18.6M | $3.5M | $4.5M | $5.7M | $4.0M | $11.2M | $7.2M | $6.6M | $13.1M | $12.4M | $8.4M |
| Short-term debt | $16.3M | $16.3M | $14.5M | $17.3M | $15.7M | $14.0M | $15.5M | $18.6M | $13.2M | $24.1M | $22.9M | $24.3M |
| Deferred revenue | — | — | — | $450,239 | $450,239 | — | — | — | — | — | $1 | — |
| Total current liabilities | $93.1M | $59.1M | $53.0M | $50.3M | $36.6M | $34.4M | $38.1M | $34.7M | $28.0M | $42.8M | $54.4M | $36.9M |
| Long-term debt | $0 | $44.6M | $44.3M | $6.6M | $9.5M | $12.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $26.2M | $27.5M | $25.6M | $26.4M | $26.9M | $22.7M | $28.9M | $27.9M | — | — | — |
| Other long-term liabilities | $91.4M | $21.8M | $12.5M | $11.9M | $10.9M | $9.5M | $15.8M | $19.5M | $23.0M | $30.2M | $28.1M | $0 |
| Total liabilities | $184.4M | $125.5M | $109.8M | $68.8M | $57.0M | $56.2M | $53.9M | $54.2M | $51.0M | $73.0M | $82.5M | $56.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $35,000 | $23,000 | $21,000 | $18,000 | $16,717 | $14,536 | $14,536 | $14,224 | $13,915 | $15,797 | $14,463 | $9,813 |
| Retained earnings (deficit) | −$193.4M | −$191.5M | −$182.1M | −$175.5M | −$167.3M | −$157.1M | −$150.4M | −$136.3M | −$130.4M | −$185.5M | −$172.7M | −$117.1M |
| Accumulated other comprehensive income | −$812,000 | $11.5M | −$1.8M | −$7.6M | −$9.4M | −$25.0M | −$25.9M | −$792,014 | −$11.5M | −$22.5M | −$6.4M | −$4.4M |
| Minority interest | — | $151.0M | $131.9M | $120.2M | $101.7M | $85.5M | — | — | — | — | — | — |
| Total shareholders' equity | $796.2M | $395.6M | $358.9M | $295.1M | $287.7M | $239.8M | $243.9M | $275.6M | $262.7M | $298.3M | $288.9M | $196.0M |
| Key figures | ||||||||||||
| Total debt | $84.8M | $70.8M | $60.1M | $25.6M | $26.4M | $26.9M | $22.7M | $28.9M | $27.9M | $41.9M | $38.9M | $24.3M |
| Net cash (debt) | $134.4M | $31.2M | $23.3M | $13.9M | $18.8M | −$1.2M | $36.8M | $45.2M | $46.9M | −$2.2M | $9.7M | $8.7M |
| Working capital | $150.1M | $59.0M | $53.4M | −$3.9M | $20.1M | $3.6M | $29.3M | $55.3M | $69.3M | $20.1M | $19.6M | $13.3M |
| Tangible book value | $796.2M | $395.6M | $358.9M | $295.1M | $287.7M | $239.8M | $243.9M | $275.6M | $262.7M | $298.3M | $288.9M | $196.0M |
| Book value per share | $22.83 | $17.66 | $17.92 | $16.84 | $18.46 | $16.50 | $17.00 | $19.51 | $25.35 | $29.18 | $33.07 | $23.09 |
| Shares outstanding | 34.9M | 22.4M | 20.0M | 17.5M | 15.6M | 14.5M | 14.3M | 14.1M | 10.4M | 10.2M | 8.7M | 8.5M |
| Current ratio | 2.61 | 2.00 | 2.01 | 0.92 | 1.55 | 1.10 | 1.77 | 2.59 | 3.48 | 1.47 | 1.36 | 1.36 |
| Quick ratio | 2.42 | 1.84 | 1.65 | 0.87 | 1.50 | 1.02 | 1.71 | 2.27 | 3.06 | 0.93 | 1.05 | 0.89 |
| Debt / equity | 0.11 | 0.18 | 0.17 | 0.09 | 0.09 | 0.11 | 0.09 | 0.10 | 0.11 | 0.14 | 0.13 | 0.12 |
| Equity / assets | 69.0% | 58.9% | 59.8% | 61.0% | 64.4% | 62.9% | 67.2% | 72.3% | 73.3% | 70.5% | 69.2% | 69.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 25, 2026); data from EODHD.
TBN financial position
At the end of fiscal 2026 (June 30, 2026), Tamboran Resources had total assets of $1.2 billion (up 158.5% from a year earlier), total liabilities of $184.4 million and shareholders' equity of $796.2 million. It held $219.1 million in cash and short-term investments against $84.8 million of debt, a net cash position of $134.4 million. Its current ratio was 2.61.
Related: TBN income statement, TBN cash flow statement, TBN key metrics. See the TBN stock overview for the latest quote and news.
TBN balance sheet FAQ
What are Tamboran Resources's total assets?
Tamboran Resources reported total assets of $1.2 billion at the end of fiscal 2026 (June 30, 2026), compared with $446.5 million a year earlier.
How much debt does Tamboran Resources have?
Tamboran Resources had $84.8 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.11.
How much cash does Tamboran Resources have?
Tamboran Resources held $219.1 million in cash and short-term investments at the end of fiscal 2026; with $84.8 million of debt that is net cash of $134.4 million.
What is Tamboran Resources's book value?
Tamboran Resources's shareholders' equity (book value) was $796.2 million at the end of fiscal 2026, or $35.44 per share.
What is Tamboran Resources's current ratio?
Tamboran Resources had current assets of $243.2 million and current liabilities of $93.1 million, a current ratio of 2.61 (it can cover its short-term obligations).