TE Connectivity Ltd. (TEL) Balance Sheet

NYSE: TELAssets, liabilities, debt and equity over 10 years.

TEL balance sheet, FY2025

September 30, 2025 · U.S. dollars

$25.08B assets = $12.35B liabilities + $12.73B equity

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

TEL financial health

Current ratio1.56

Comfortable · current assets cover current liabilities 1.56×

Debt / equity0.52

Moderate leverage · $0.52 of debt for each $1 of equity

Equity / assets50.2%

Equity-funded · of assets funded by shareholders

Cash / debt19.2%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles37.3%

Acquisition-heavy · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

TEL balance sheet trends, FY2016–FY2025

TE Connectivity Ltd. balance sheet trends
Metric	Then	Latest	Change
Total assets	$17.61BFY2016	$25.08BFY2025	+4.0%/yr
Total liabilities	$9.12BFY2016	$12.35BFY2025	+3.4%/yr
Shareholders’ equity	$8.48BFY2016	$12.59BFY2025	+4.5%/yr
Cash & short-term investments	$647.0MFY2016	$1.25BFY2025	+7.6%/yr
Total debt	$4.07BFY2016	$6.55BFY2025	+5.4%/yr
Net cash (debt)	−$3.42BFY2016	−$5.29BFY2025	−$1.9B
Working capital	$1.71BFY2016	$2.85BFY2025	+$1.1B
Book value per share	$22.99FY2016	$42.09FY2025	+6.9%/yr
Current ratio	1.56FY2016	1.56FY2025	0.00
Debt / equity	0.48FY2016	0.52FY2025	+0.04
Shares outstanding	369.0MFY2016	299.0MFY2025	−2.3%/yr

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

TEL assets

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

TEL liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TEL debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

TEL balance sheet

TE Connectivity Ltd. annual balance sheet
	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Assets
Cash & short-term investments	$1.25B	$1.32B	$1.66B	$1.09B	$1.20B	$945.0M	$927.0M	$848.0M	$1.22B	$647.0M
Cash & equivalents	$1.25B	$1.32B	$1.66B	$1.09B	$1.20B	$945.0M	$927.0M	$848.0M	$1.22B	$647.0M
Short-term investments	—	—	—	—	$7.0M	—	—	$0	$0	$0
Receivables	$3.40B	$3.06B	$2.97B	$2.87B	$2.93B	$2.38B	$2.32B	$2.36B	$2.14B	$2.05B
Inventory	$2.70B	$2.52B	$2.55B	$2.68B	$2.51B	$1.95B	$1.84B	$1.86B	$1.81B	$1.60B
Other current assets	$609.0M	$740.0M	$712.0M	$639.0M	$621.0M	$512.0M	$471.0M	$1.13B	$757.0M	$486.0M
Total current assets	$7.97B	$7.63B	$7.89B	$7.27B	$7.26B	$5.78B	$5.55B	$6.20B	$5.93B	$4.78B
Property, plant & equipment (net)	$4.31B	$3.90B	$3.75B	$3.57B	$3.78B	$3.65B	$3.57B	$3.50B	$3.40B	$3.05B
Goodwill & intangible assets	$9.35B	$6.97B	$6.64B	$6.55B	$7.14B	$6.82B	$7.34B	$7.39B	$7.49B	$7.41B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$12.0M
Other non-current assets	$3.45B	$4.34B	$3.43B	$3.40B	$3.28B	$2.99B	$3.23B	$3.30B	$2.58B	$2.36B
Total assets	$25.08B	$22.85B	$21.71B	$20.78B	$21.46B	$19.24B	$19.69B	$20.39B	$19.40B	$17.61B
Liabilities
Accounts payable	$2.02B	$1.73B	$1.56B	$1.59B	$1.91B	$1.28B	$1.36B	$1.55B	$1.39B	$1.09B
Short-term debt	$978.0M	$999.0M	$800.0M	$1.04B	$621.0M	$810.0M	$570.0M	$963.0M	$710.0M	$331.0M
Deferred revenue	$115.0M	$58.0M	$74.0M	$63.0M	$51.0M	$47.0M	$36.0M	$27.0M	$27.0M	$208.0M
Total current liabilities	$5.12B	$4.75B	$4.46B	$4.63B	$4.66B	$3.69B	$3.54B	$4.41B	$3.85B	$3.07B
Long-term debt	$4.84B	$3.33B	$3.53B	$3.29B	$3.59B	$3.45B	$3.40B	$3.04B	$3.63B	$3.74B
Lease obligations	$126.0M	$128.0M	$118.0M	$126.0M	$118.0M	$116.0M	—	—	—	—
Other long-term liabilities	$2.39B	$2.29B	$2.06B	$1.96B	$2.47B	$2.60B	$2.19B	$2.11B	$2.17B	$2.32B
Total liabilities	$12.35B	$10.37B	$10.06B	$9.88B	$10.71B	$9.75B	$9.12B	$9.55B	$9.65B	$9.12B
Shareholders' equity
Common stock & paid-in capital	$3.0M	$139.0M	$142.0M	$146.0M	$148.0M	$149.0M	$154.0M	$1.96B	$1.96B	$1.97B
Retained earnings (deficit)	$13.93B	$14.53B	$12.95B	$12.83B	$11.71B	$10.35B	$12.26B	$12.11B	$10.18B	$8.68B
Treasury stock	—	—	—	—	−$1.05B	−$669.0M	−$1.34B	−$1.13B	−$421.0M	−$1.62B
Accumulated other comprehensive income	$6.0M	$5.0M	−$158.0M	−$495.0M	−$168.0M	−$445.0M	−$503.0M	−$306.0M	−$160.0M	−$542.0M
Minority interest	$145.0M	$131.0M	$104.0M	$95.0M	—	—	—	$0	$0	$0
Total shareholders' equity	$12.59B	$12.36B	$11.55B	$10.80B	$10.63B	$9.38B	$10.57B	$10.83B	$9.75B	$8.48B
Key figures
Total debt	$6.55B	$4.96B	$4.89B	$4.95B	$4.88B	$4.96B	$3.96B	$4.00B	$4.34B	$4.07B
Net cash (debt)	−$5.29B	−$3.64B	−$3.23B	−$3.86B	−$3.67B	−$4.01B	−$3.04B	−$3.15B	−$3.13B	−$3.42B
Working capital	$2.85B	$2.88B	$3.43B	$2.64B	$2.61B	$2.09B	$2.01B	$1.79B	$2.08B	$1.71B
Tangible book value	$3.23B	$5.38B	$4.91B	$4.26B	$3.50B	$2.57B	$3.23B	$3.44B	$2.26B	$1.07B
Book value per share	$42.09	$39.98	$36.44	$33.24	$31.93	$28.26	$31.09	$30.68	$27.24	$22.99
Shares outstanding	299.0M	309.0M	317.0M	325.0M	333.0M	332.0M	340.0M	353.0M	358.0M	369.0M
Current ratio	1.56	1.61	1.77	1.57	1.56	1.57	1.57	1.41	1.54	1.56
Quick ratio	0.91	0.92	1.04	0.85	0.89	0.90	0.92	0.73	0.87	0.88
Debt / equity	0.52	0.40	0.42	0.46	0.46	0.53	0.38	0.37	0.45	0.48
Equity / assets	50.2%	54.1%	53.2%	52.0%	49.5%	48.8%	53.7%	53.1%	50.3%	48.2%

TE Connectivity Ltd. quarterly balance sheet
	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	$1.24B	$1.11B	$1.25B	$1.25B	$672.0M	$2.55B	$1.25B	$1.32B	$1.47B	$1.18B	$1.17B	$1.66B
Cash & equivalents	$1.24B	$1.11B	$1.25B	$1.25B	$672.0M	$2.55B	$1.25B	$1.32B	$1.47B	$1.18B	$1.17B	$1.66B
Receivables	$3.75B	$3.45B	$3.47B	$3.40B	$3.43B	$3.19B	$2.91B	$3.06B	$2.89B	$2.87B	$2.83B	$2.97B
Inventory	$3.03B	$3.00B	$2.95B	$2.70B	$2.83B	$2.60B	$2.62B	$2.52B	$2.67B	$2.74B	$2.78B	$2.55B
Other current assets	$728.0M	$682.0M	$697.0M	$609.0M	$670.0M	$724.0M	$734.0M	$740.0M	$686.0M	$710.0M	$660.0M	$712.0M
Total current assets	$8.74B	$8.24B	$8.37B	$7.97B	$7.61B	$9.07B	$7.52B	$7.63B	$7.71B	$7.50B	$7.44B	$7.89B
Property, plant & equipment (net)	$4.53B	$4.47B	$4.39B	$4.31B	$4.21B	$3.92B	$3.76B	$3.90B	$3.76B	$3.80B	$3.85B	$3.75B
Goodwill & intangible assets	$9.48B	$9.58B	$9.34B	$9.35B	$9.54B	$7.06B	$7.01B	$6.97B	$6.84B	$6.90B	$7.11B	$6.64B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.31B	$3.38B	$3.45B	$3.45B	$3.51B	$3.60B	$4.15B	$4.34B	$4.59B	$4.62B	$4.66B	$3.43B
Total assets	$26.07B	$25.68B	$25.55B	$25.08B	$24.87B	$23.66B	$22.44B	$22.85B	$22.90B	$22.82B	$23.07B	$21.71B
Liabilities
Accounts payable	$2.41B	$2.22B	$2.15B	$2.02B	$2.02B	$1.84B	$1.86B	$1.73B	$1.66B	$1.60B	$1.69B	$1.56B
Short-term debt	$102.0M	$102.0M	$852.0M	$978.0M	$851.0M	$2.35B	$920.0M	$999.0M	$1.25B	$1.24B	$613.0M	$800.0M
Deferred revenue	—	—	—	$115.0M	—	—	—	$58.0M	$386.0M	$372.0M	$380.0M	$74.0M
Total current liabilities	$4.66B	$4.37B	$5.07B	$5.12B	$4.99B	$6.00B	$4.47B	$4.75B	$5.12B	$5.16B	$4.01B	$4.46B
Long-term debt	$5.53B	$5.55B	$4.86B	$4.84B	$4.85B	$3.26B	$3.29B	$3.33B	$2.95B	$2.96B	$3.58B	$3.53B
Lease obligations	—	—	—	$126.0M	—	—	—	$128.0M	—	—	—	$118.0M
Other long-term liabilities	$2.49B	$2.38B	$2.49B	$2.39B	$2.51B	$2.18B	$2.15B	$2.29B	$2.07B	$2.14B	$2.23B	$2.06B
Total liabilities	$12.68B	$12.30B	$12.42B	$12.35B	$12.34B	$11.44B	$9.91B	$10.37B	$10.14B	$10.26B	$9.82B	$10.06B
Shareholders' equity
Common stock & paid-in capital	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$3.0M	$139.0M	$139.0M	$139.0M	$142.0M	$142.0M
Retained earnings (deficit)	$14.50B	$13.90B	$14.54B	$13.93B	$13.34B	$12.81B	$12.93B	$14.53B	$14.25B	$13.69B	$14.68B	$12.95B
Accumulated other comprehensive income	$93.0M	$149.0M	$203.0M	$6.0M	−$43.0M	−$114.0M	−$217.0M	$5.0M	−$113.0M	−$84.0M	$11.0M	−$158.0M
Minority interest	$147.0M	$148.0M	$149.0M	$145.0M	$143.0M	—	—	—	—	—	—	—
Total shareholders' equity	$13.25B	$13.23B	$12.99B	$12.59B	$12.38B	$12.09B	$12.41B	$12.36B	$12.63B	$12.45B	$13.14B	$11.55B
Key figures
Total debt	$5.63B	$5.66B	$5.71B	$6.55B	$5.70B	$5.61B	$4.21B	$4.96B	$4.20B	$4.20B	$4.20B	$4.89B
Net cash (debt)	−$4.39B	−$4.54B	−$4.46B	−$5.29B	−$5.03B	−$3.06B	−$2.95B	−$3.64B	−$2.73B	−$3.02B	−$3.03B	−$3.23B
Working capital	$4.08B	$3.88B	$3.30B	$2.85B	$2.62B	$3.08B	$3.05B	$2.88B	$2.60B	$2.34B	$3.43B	$3.43B
Tangible book value	$3.76B	$3.65B	$3.65B	$3.23B	$2.84B	$5.02B	$5.40B	$5.38B	$5.79B	$5.55B	$6.02B	$4.91B
Book value per share	$45.21	$44.86	$43.73	$42.23	$41.55	$40.28	$41.23	$40.51	$41.01	$40.16	$41.97	$36.55
Shares outstanding	293.0M	295.0M	297.0M	298.0M	298.0M	300.0M	301.0M	305.0M	308.0M	310.0M	313.0M	316.0M
Current ratio	1.88	1.89	1.65	1.56	1.52	1.51	1.68	1.61	1.51	1.45	1.86	1.77
Quick ratio	1.07	1.05	0.93	0.91	0.82	0.96	0.93	0.92	0.85	0.78	1.00	1.04
Debt / equity	0.43	0.43	0.44	0.52	0.46	0.46	0.34	0.40	0.33	0.34	0.32	0.42
Equity / assets	50.8%	51.5%	50.8%	50.2%	49.8%	51.1%	55.3%	54.1%	55.2%	54.5%	56.9%	53.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 10, 2025); data from EODHD.

TEL financial position

At the end of fiscal 2025 (September 30, 2025), TE Connectivity had total assets of $25.1 billion (up 9.7% from a year earlier), total liabilities of $12.4 billion and shareholders' equity of $12.6 billion. It held $1.3 billion in cash and short-term investments against $6.5 billion of debt, net debt of $5.3 billion. Its current ratio was 1.56. In the latest quarter (ended June 30, 2026) total assets were $26.1 billion and equity $13.2 billion.

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

TEL balance sheet FAQ

What are TE Connectivity's total assets?

TE Connectivity reported total assets of $25.1 billion at the end of fiscal 2025 (September 30, 2025), compared with $22.9 billion a year earlier.

How much debt does TE Connectivity have?

TE Connectivity had $6.5 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.52.

How much cash does TE Connectivity have?

TE Connectivity held $1.3 billion in cash and short-term investments at the end of fiscal 2025; with $6.5 billion of debt that is net debt of $5.3 billion.

What is TE Connectivity's book value?

TE Connectivity's shareholders' equity (book value) was $12.6 billion at the end of fiscal 2025, or $42.09 per share.

What is TE Connectivity's current ratio?

TE Connectivity had current assets of $8.0 billion and current liabilities of $5.1 billion, a current ratio of 1.56 (it can cover its short-term obligations).

How much goodwill does TE Connectivity have?

TE Connectivity carried $9.4 billion of goodwill and intangible assets, 37.3% of total assets, at the end of fiscal 2025.