Trident Digital Tech Holdings Ltd (TDTH) Balance Sheet
TDTH balance sheet, 2025
December 31, 2025 · U.S. dollars$5.3M assets = $12.1M liabilities + −$6.8M equity
Liabilities exceed assets: shareholders’ equity is negative (−$6.8M).
Both columns are drawn to the same scale: what TDTH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TDTH financial health
Descriptive bands, not a rating. Fiscal 2025.
TDTH balance sheet trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $506,4512021 | $5.3M2025 | +80.2%/yr | |
| Total liabilities | $471,3322021 | $12.1M2025 | +125.1%/yr | |
| Shareholders’ equity | $35,1192021 | −$6.8M2025 | — | |
| Cash & short-term investments | $273,5932021 | $150,3342025 | −13.9%/yr | |
| Total debt | $143,7442021 | $8.3M2025 | +175.5%/yr | |
| Net cash (debt) | $129,8492021 | −$8.1M2025 | −$8.3M | |
| Working capital | −$2,4142021 | −$4.8M2025 | −$4.8M | |
| Current ratio | 0.992021 | 0.142025 | −0.85 | |
| Debt / equity | 4.092021 | 0.782023 | −3.32 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TDTH assets
TDTH liabilities and equity
TDTH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TDTH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $150,334 | $194,113 | $1.8M | $945,265 | $273,593 |
| Cash & equivalents | $150,334 | $194,113 | $1.8M | $945,265 | $273,593 |
| Receivables | $5,504 | $12,319 | $426,473 | $90,141 | $143,952 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $640,376 | $1.5M | $1.8M | $367,766 | $4,697 |
| Total current assets | $796,214 | $1.7M | $4.0M | $1.4M | $422,242 |
| Property, plant & equipment (net) | $1.1M | $1.1M | $1.8M | $1.6M | $84,209 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $3.3M | $0 | $0 | $0 | $0 |
| Other non-current assets | $88,933 | $243,040 | $0 | $0 | $0 |
| Total assets | $5.3M | $3.0M | $5.8M | $3.0M | $506,451 |
| Liabilities | |||||
| Accounts payable | $972,334 | $322,027 | $202,289 | $218,225 | $51,867 |
| Short-term debt | $1.7M | $423,184 | $504,361 | $939,322 | $97,068 |
| Deferred revenue | $518,011 | $409,654 | $572,186 | $654,063 | $192,935 |
| Total current liabilities | $5.6M | $1.3M | $2.0M | $2.6M | $424,656 |
| Long-term debt | $6.1M | $1.4M | $176,589 | $498,572 | $34,340 |
| Lease obligations | $976,067 | $991,796 | $1.6M | $1.5M | $36,551 |
| Other long-term liabilities | $448,652 | $669,617 | $1.2M | $1.2M | $12,336 |
| Total liabilities | $12.1M | $3.4M | $3.4M | $4.3M | $471,332 |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $9,208 | $5,164 | $5,020 | $4,102 | $4,102 |
| Retained earnings (deficit) | −$37.1M | −$14.3M | −$6.2M | −$1.3M | $35,349 |
| Accumulated other comprehensive income | −$290,566 | −$83,492 | $184,491 | −$37,788 | −$306 |
| Total shareholders' equity | −$6.8M | −$381,062 | $2.4M | −$1.3M | $35,119 |
| Key figures | |||||
| Total debt | $8.3M | $2.5M | $1.9M | $2.6M | $143,744 |
| Net cash (debt) | −$8.1M | −$2.3M | −$81,026 | −$1.7M | $129,849 |
| Working capital | −$4.8M | $313,733 | $2.0M | −$1.2M | −$2,414 |
| Tangible book value | −$6.8M | −$381,062 | $2.4M | −$1.3M | $35,119 |
| Current ratio | 0.14 | 1.23 | 1.98 | 0.53 | 0.99 |
| Quick ratio | 0.03 | 0.15 | 1.11 | 0.39 | 0.98 |
| Debt / equity | — | — | 0.78 | — | 4.09 |
| Equity / assets | −126.5% | −12.6% | 41.7% | −44.1% | 6.9% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $150,334 | $150,334 | $144,952 | $194,113 | $194,113 | $10,868 | $1.8M | $4.0M | $945,265 |
| Cash & equivalents | $150,334 | $150,334 | $144,952 | $194,113 | $194,113 | $10,868 | $1.8M | $4.0M | $945,265 |
| Receivables | $5,504 | $0 | $84,303 | $12,319 | $80,587 | $94,967 | $426,473 | $1.1M | $90,141 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $640,376 | $645,880 | $944,388 | $1.5M | $1.4M | $2.6M | $1.8M | $1.1M | $367,766 |
| Total current assets | $796,214 | $796,214 | $1.2M | $1.7M | $1.7M | $2.7M | $4.0M | $6.2M | $1.4M |
| Property, plant & equipment (net) | $1.1M | $1.1M | $784,071 | $1.1M | $1.1M | $1.3M | $1.8M | $1.7M | $1.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $3.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.4M | $88,933 | $263,140 | $243,040 | $243,040 | $0 | $0 | $0 | $0 |
| Total assets | $5.3M | $5.3M | $2.2M | $3.0M | $3.0M | $4.0M | $5.8M | $7.9M | $3.0M |
| Liabilities | |||||||||
| Accounts payable | $972,334 | $972,334 | $233,790 | $322,027 | $322,027 | $129,158 | $202,289 | $137,416 | $218,225 |
| Short-term debt | $1.7M | — | $796,221 | $423,184 | — | $392,526 | $504,361 | $555,383 | $939,322 |
| Deferred revenue | $518,011 | — | $427,003 | $409,654 | — | $463,980 | $572,186 | $1.0M | $654,063 |
| Total current liabilities | $5.6M | $5.6M | $1.3M | $1.3M | $1.3M | $1.9M | $2.0M | $9.5M | $2.6M |
| Long-term debt | $0 | $6.1M | $5.9M | $0 | $1.4M | $126,963 | $176,589 | $424,868 | $498,572 |
| Lease obligations | — | $976,067 | $871,956 | — | $991,796 | $1.1M | $1.6M | $1.5M | $1.5M |
| Other long-term liabilities | $6.5M | $448,652 | $0 | $2.1M | $669,617 | $1.5M | $1.2M | $1.1M | $1.2M |
| Total liabilities | $12.1M | $12.1M | $6.4M | $3.4M | $3.4M | $3.6M | $3.4M | $11.1M | $4.3M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $9,208 | — | $5,134 | $5,164 | — | $5,020 | $5,020 | $4,102 | $4,102 |
| Retained earnings (deficit) | −$37.1M | −$37.1M | −$20.1M | −$14.3M | −$14.3M | −$8.1M | −$6.2M | −$3.3M | −$1.3M |
| Accumulated other comprehensive income | −$290,566 | — | −$505,604 | −$83,492 | — | $131,010 | $184,491 | −$2,935 | −$37,788 |
| Total shareholders' equity | −$6.8M | −$6.8M | −$4.2M | −$381,062 | −$381,062 | $452,142 | $2.4M | −$3.2M | −$1.3M |
| Key figures | |||||||||
| Total debt | $8.3M | $6.1M | $5.4M | $2.5M | $1.4M | $1.3M | $1.9M | $2.1M | $2.6M |
| Net cash (debt) | −$8.1M | −$5.9M | −$5.3M | −$2.3M | −$1.2M | −$1.3M | −$81,026 | $1.8M | −$1.7M |
| Working capital | −$4.8M | −$4.8M | −$116,324 | $313,733 | $313,733 | $800,183 | $2.0M | −$3.3M | −$1.2M |
| Tangible book value | −$6.8M | −$6.8M | −$4.2M | −$381,062 | −$381,062 | $452,142 | $2.4M | −$3.2M | −$1.3M |
| Current ratio | 0.14 | 0.14 | 0.91 | 1.23 | 1.23 | 1.41 | 1.98 | 0.65 | 0.53 |
| Quick ratio | 0.03 | 0.03 | 0.18 | 0.15 | 0.20 | 0.05 | 1.11 | 0.53 | 0.39 |
| Debt / equity | — | — | — | — | — | 2.89 | 0.78 | — | — |
| Equity / assets | −126.5% | −126.5% | −189.4% | −12.6% | −12.6% | 11.2% | 41.7% | −41.0% | −44.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 28, 2026); data from EODHD.
TDTH financial position
At the end of fiscal 2025 (December 31, 2025), Trident Digital Tech had total assets of $5.3 million (up 76.1% from a year earlier), total liabilities of $12.1 million and shareholders' equity of -$6.8 million. It held $0.2 million in cash and short-term investments against $8.3 million of debt, net debt of $8.1 million. Its current ratio was 0.14. In the latest quarter (ended March 31, 2026) total assets were $5.3 million and equity -$6.8 million.
Related: TDTH income statement, TDTH cash flow statement, TDTH key metrics. See the TDTH stock overview for the latest quote and news.
TDTH balance sheet FAQ
What are Trident Digital Tech's total assets?
Trident Digital Tech reported total assets of $5.3 million at the end of fiscal 2025 (December 31, 2025), compared with $3.0 million a year earlier.
How much debt does Trident Digital Tech have?
Trident Digital Tech had $8.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Trident Digital Tech have?
Trident Digital Tech held $0.2 million in cash and short-term investments at the end of fiscal 2025; with $8.3 million of debt that is net debt of $8.1 million.
What is Trident Digital Tech's book value?
Trident Digital Tech's shareholders' equity (book value) was -$6.8 million at the end of fiscal 2025.
What is Trident Digital Tech's current ratio?
Trident Digital Tech had current assets of $0.8 million and current liabilities of $5.6 million, a current ratio of 0.14 (current liabilities exceed current assets).