TMD Energy Limited (TMDE) Balance Sheet
TMDE balance sheet, 2024
December 31, 2024 · U.S. dollars$110.1M assets = $91.0M liabilities + $19.1M equity
Both columns are drawn to the same scale: what TMDE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TMDE financial health
Descriptive bands, not a rating. Fiscal 2024.
TMDE balance sheet trends, 2022–2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $81.9M2022 | $110.1M2024 | +15.9%/yr | |
| Total liabilities | $61.9M2022 | $91.0M2024 | +21.2%/yr | |
| Shareholders’ equity | $16.1M2022 | $17.9M2024 | +5.4%/yr | |
| Cash & short-term investments | $11.3M2022 | $16.1M2024 | +19.4%/yr | |
| Total debt | $28.4M2022 | $79.9M2024 | +67.8%/yr | |
| Net cash (debt) | −$17.1M2022 | −$63.8M2024 | −$46.7M | |
| Working capital | −$11.0M2022 | −$12.5M2024 | −$1.6M | |
| Book value per share | $0.702022 | $0.772024 | +5.4%/yr | |
| Current ratio | 0.812022 | 0.862024 | +0.05 | |
| Debt / equity | 1.762022 | 4.472024 | +2.71 | |
| Shares outstanding | 23.1M2022 | 23.1M2024 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TMDE assets
TMDE liabilities and equity
TMDE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TMDE balance sheet
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $16.1M | $4.8M | $11.3M |
| Cash & equivalents | $16.1M | $4.8M | $11.3M |
| Receivables | $44.2M | $42.2M | $20.2M |
| Inventory | $9.7M | $15.8M | $10.3M |
| Other current assets | $7.9M | $8.3M | $6.0M |
| Total current assets | $77.9M | $71.2M | $47.7M |
| Property, plant & equipment (net) | $32.2M | $33.2M | $34.2M |
| Goodwill & intangible assets | $0 | $0 | $0 |
| Long-term investments | $88,908 | $4,343 | $0 |
| Other non-current assets | $0 | $0 | $0 |
| Total assets | $110.1M | $104.4M | $81.9M |
| Liabilities | |||
| Accounts payable | $7.4M | $52.3M | $28.0M |
| Short-term debt | $79.3M | $24.1M | $25.2M |
| Deferred revenue | — | $69,858 | $72,782 |
| Total current liabilities | $90.4M | $81.6M | $58.7M |
| Long-term debt | $504,319 | $553,062 | $3.1M |
| Lease obligations | $84,399 | $98,647 | $63,195 |
| Other long-term liabilities | $64,123 | $67,116 | $120,892 |
| Total liabilities | $91.0M | $82.2M | $61.9M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | $12.6M | $7.3M | $5.3M |
| Accumulated other comprehensive income | $663,895 | $2.0M | −$28,064 |
| Minority interest | $1.2M | $4.8M | $3.9M |
| Total shareholders' equity | $17.9M | $17.4M | $16.1M |
| Key figures | |||
| Total debt | $79.9M | $24.8M | $28.4M |
| Net cash (debt) | −$63.8M | −$19.9M | −$17.1M |
| Working capital | −$12.5M | −$10.4M | −$11.0M |
| Tangible book value | $17.9M | $17.4M | $16.1M |
| Book value per share | $0.77 | $0.76 | $0.70 |
| Shares outstanding | 23.1M | 23.1M | 23.1M |
| Current ratio | 0.86 | 0.87 | 0.81 |
| Quick ratio | 0.67 | 0.58 | 0.54 |
| Debt / equity | 4.47 | 1.42 | 1.76 |
| Equity / assets | 16.2% | 16.7% | 19.7% |
| Jun '25 | Mar '25 | Dec '24 | Jun '24 | Dec '23 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $7.1M | $16.1M | $16.1M | $6.0M | $4.8M |
| Cash & equivalents | $7.1M | $16.1M | $16.1M | $6.0M | $4.8M |
| Receivables | $63.4M | $44.2M | $20.3M | $34.5M | $42.2M |
| Inventory | $7.6M | $9.7M | $9.7M | $12.5M | $15.8M |
| Other current assets | $15.0M | $7.9M | $31.8M | $18.6M | $8.3M |
| Total current assets | $93.0M | $77.9M | $77.9M | $71.6M | $71.2M |
| Property, plant & equipment (net) | $31.8M | $32.2M | $32.2M | $32.7M | $33.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $89,712 | $0 | $88,908 | $84,836 | $4,343 |
| Other non-current assets | $67,217 | $88,908 | $0 | $0 | $0 |
| Total assets | $124.9M | $110.1M | $110.1M | $104.4M | $104.4M |
| Liabilities | |||||
| Accounts payable | $7.1M | $7.4M | $7.4M | $10.8M | $52.3M |
| Short-term debt | $91.8M | $79.3M | — | $70.7M | $24.1M |
| Deferred revenue | — | — | — | $395,152 | $69,858 |
| Total current liabilities | $101.7M | $90.4M | $90.4M | $85.2M | $81.6M |
| Long-term debt | $525,148 | $0 | $504,319 | $523,889 | $553,062 |
| Lease obligations | $104,375 | — | $84,399 | $80,833 | $98,647 |
| Other long-term liabilities | $67,959 | $568,442 | $64,123 | $58,830 | $67,116 |
| Total liabilities | $102.3M | $91.0M | $91.0M | $85.8M | $82.2M |
| Shareholders' equity | |||||
| Common stock & paid-in capital | $2,357 | $2,000 | — | $2,000 | $2,000 |
| Retained earnings (deficit) | $8.3M | $12.6M | $12.6M | $11.1M | $7.3M |
| Accumulated other comprehensive income | $578,386 | $663,895 | — | $1.4M | $2.0M |
| Minority interest | $1.0M | — | $1.2M | — | — |
| Total shareholders' equity | $21.6M | $17.9M | $17.9M | $17.2M | $17.4M |
| Key figures | |||||
| Total debt | $92.4M | $79.9M | $504,319 | $71.3M | $24.8M |
| Net cash (debt) | −$85.4M | −$63.8M | $15.6M | −$65.3M | −$19.9M |
| Working capital | −$8.7M | −$12.5M | −$12.5M | −$13.6M | −$10.4M |
| Tangible book value | $21.6M | $17.9M | $17.9M | $17.2M | $17.4M |
| Book value per share | $0.92 | — | $0.77 | $0.75 | $0.76 |
| Shares outstanding | 23.6M | — | 23.1M | 23.1M | 23.1M |
| Current ratio | 0.91 | 0.86 | 0.86 | 0.84 | 0.87 |
| Quick ratio | 0.69 | 0.67 | 0.40 | 0.48 | 0.58 |
| Debt / equity | 4.28 | 4.47 | 0.03 | 4.14 | 1.42 |
| Equity / assets | 17.3% | 16.2% | 16.2% | 16.5% | 16.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed May 14, 2025); data from EODHD.
TMDE financial position
At the end of fiscal 2024 (December 31, 2024), TMD Energy had total assets of $110.1 million (up 5.5% from a year earlier), total liabilities of $91.0 million and shareholders' equity of $17.9 million. It held $16.1 million in cash and short-term investments against $79.9 million of debt, net debt of $63.8 million. Its current ratio was 0.86. In the latest quarter (ended June 30, 2025) total assets were $124.9 million and equity $21.6 million.
Related: TMDE income statement, TMDE cash flow statement, TMDE key metrics. See the TMDE stock overview for the latest quote and news.
TMDE balance sheet FAQ
What are TMD Energy's total assets?
TMD Energy reported total assets of $110.1 million at the end of fiscal 2024 (December 31, 2024), compared with $104.4 million a year earlier.
How much debt does TMD Energy have?
TMD Energy had $79.9 million of total debt at the end of fiscal 2024, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 4.47.
How much cash does TMD Energy have?
TMD Energy held $16.1 million in cash and short-term investments at the end of fiscal 2024; with $79.9 million of debt that is net debt of $63.8 million.
What is TMD Energy's book value?
TMD Energy's shareholders' equity (book value) was $17.9 million at the end of fiscal 2024, or $0.77 per share.
What is TMD Energy's current ratio?
TMD Energy had current assets of $77.9 million and current liabilities of $90.4 million, a current ratio of 0.86 (current liabilities exceed current assets).