Ten-League International Holdings Limited (TLIH) Balance Sheet

NASDAQ: TLIHAssets, liabilities, debt and equity over 5 years.

TLIH balance sheet, 2025

December 31, 2025 · Singapore dollars

S$77.4M assets = S$60.7M liabilities + S$16.7M equity

What it ownsS$77.4MCash & ST investments: S$10.7M (13.8%)Cash & ST investmentsS$10.7M · 14%Receivables: S$15.9M (20.6%)ReceivablesS$15.9M · 21%Inventory: S$15.8M (20.4%)InventoryS$15.8M · 20%Other current: S$1.6M (2.0%)PP&E: S$33.1M (42.8%)PP&ES$33.1M · 43%Other non-current: S$304,000 (0.4%)=How it is financedS$77.4MCurrent liabilities: S$50.5M (65.3%)Current liabilitiesS$50.5M · 65%Other LT liabilities: S$10.2M (13.1%)Other LT liabilitiesS$10.2M · 13%Shareholders’ equity: S$16.7M (21.6%)Shareholders’ equityS$16.7M · 22%

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

TLIH financial health

Current ratio0.87
Tight · current assets cover current liabilities 0.87×
Debt / equity1.86
High leverage · S$1.86 of debt for each $1 of equity
Equity / assets21.6%
Balanced · of assets funded by shareholders
Cash / debt34.3%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

TLIH balance sheet trends, 2021–2025

MetricTrendThenLatestChange
Total assetsS$53.8M2021S$77.4M2025+9.5%/yr
Total liabilitiesS$41.5M2021S$60.7M2025+10.0%/yr
Shareholders’ equityS$12.3M2021S$16.7M2025+8.0%/yr
Cash & short-term investmentsS$9.1M2021S$10.7M2025+4.2%/yr
Total debtS$30.0M2021S$31.1M2025+0.9%/yr
Net cash (debt)−S$21.0M2021−S$20.4M2025+S$519,000
Working capitalS$42,0002021−S$6.6M2025−S$6.6M
Current ratio1.0020210.872025−0.13
Debt / equity2.4520211.862025−0.59
Shares outstanding3.0M20212.9M2025−1.2%/yr

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

TLIH assets

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

TLIH liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TLIH debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

TLIH balance sheet in Singapore dollars

20252024202320222021
Assets
Cash & short-term investmentsS$10.7MS$686,000S$2.3MS$6.0MS$9.1M
Cash & equivalentsS$10.7MS$686,000S$2.3MS$6.0MS$9.1M
ReceivablesS$15.9MS$16.9MS$24.8MS$13.2MS$14.2M
InventoryS$15.8MS$18.6MS$8.4MS$9.3MS$9.5M
Other current assetsS$1.6MS$3.0MS$2.3MS$661,000S$280,000
Total current assetsS$43.9MS$39.3MS$37.9MS$29.2MS$33.1M
Property, plant & equipment (net)S$33.1MS$31.4MS$27.8MS$27.8MS$18.8M
Goodwill & intangible assetsS$0S$0S$0S$0S$0
Long-term investmentsS$0S$0S$0S$0S$0
Other non-current assetsS$304,000S$343,000S$73,000S$674,000S$1.9M
Total assetsS$77.4MS$71.0MS$65.7MS$57.7MS$53.8M
Liabilities
Accounts payableS$8.7MS$8.7MS$10.4MS$16.0MS$11.4M
Short-term debtS$23.6MS$30.8MS$23.4MS$18.0MS$22.0M
Deferred revenueS$221,000S$533,000———
Total current liabilitiesS$50.5MS$55.9MS$50.4MS$44.7MS$33.0M
Long-term debtS$0S$0S$175,000S$431,000S$680,000
Lease obligationsS$14.2MS$14.3MS$15.5MS$14.5MS$11.8M
Other long-term liabilitiesS$10.2MS$8.9MS$10.8MS$9.3MS$7.8M
Total liabilitiesS$60.7MS$64.8MS$61.4MS$54.4MS$41.5M
Shareholders' equity
Retained earnings (deficit)S$10.9MS$5.3MS$3.5MS$2.4MS$11.4M
Total shareholders' equityS$16.7MS$6.2MS$4.3MS$3.3MS$12.3M
Key figures
Total debtS$31.1MS$37.6MS$32.8MS$26.9MS$30.0M
Net cash (debt)−S$20.4M−S$36.9M−S$30.4M−S$20.9M−S$21.0M
Working capital−S$6.6M−S$16.7M−S$12.6M−S$15.5MS$42,000
Tangible book valueS$16.7MS$6.2MS$4.3MS$3.3MS$12.3M
Shares outstanding2.9M3.0M3.0M27.8M3.0M
Current ratio0.870.700.750.651.00
Quick ratio0.530.320.540.430.70
Debt / equity1.866.057.568.262.45
Equity / assets21.6%8.8%6.6%5.6%22.8%

Quarterly columns are labeled by the month the quarter ended. Figures in Singapore dollars as reported (latest annual report filed April 30, 2026); data from EODHD.

TLIH financial position

At the end of fiscal 2025 (December 31, 2025), Ten-League International had total assets of S$77.4 million (up 8.9% from a year earlier), total liabilities of S$60.7 million and shareholders' equity of S$16.7 million. It held S$10.7 million in cash and short-term investments against S$31.1 million of debt, net debt of S$20.4 million. Its current ratio was 0.87. In the latest quarter (ended June 30, 2026) total assets were S$69.2 million and equity S$18.4 million.

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

TLIH balance sheet FAQ

What are Ten-League International's total assets?

Ten-League International reported total assets of S$77.4 million at the end of fiscal 2025 (December 31, 2025), compared with S$71.0 million a year earlier.

How much debt does Ten-League International have?

Ten-League International had S$31.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.86.

How much cash does Ten-League International have?

Ten-League International held S$10.7 million in cash and short-term investments at the end of fiscal 2025; with S$31.1 million of debt that is net debt of S$20.4 million.

What is Ten-League International's book value?

Ten-League International's shareholders' equity (book value) was S$16.7 million at the end of fiscal 2025.

What is Ten-League International's current ratio?

Ten-League International had current assets of S$43.9 million and current liabilities of S$50.5 million, a current ratio of 0.87 (current liabilities exceed current assets).

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