TechPrecision Corporation (TPCS) Balance Sheet
TPCS balance sheet, FY2026
March 31, 2026 · U.S. dollars$32.3M assets = $24.6M liabilities + $7.7M equity
Both columns are drawn to the same scale: what TPCS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TPCS financial health
Descriptive bands, not a rating. Fiscal FY2026.
TPCS balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $16.0MFY2017 | $32.3MFY2026 | +8.1%/yr | |
| Total liabilities | $8.0MFY2017 | $24.6MFY2026 | +13.2%/yr | |
| Shareholders’ equity | $8.0MFY2017 | $7.7MFY2026 | −0.4%/yr | |
| Cash & short-term investments | $3.1MFY2017 | $431,000FY2026 | −19.6%/yr | |
| Total debt | $5.6MFY2017 | $10.5MFY2026 | +7.3%/yr | |
| Net cash (debt) | −$2.5MFY2017 | −$10.1MFY2026 | −$7.6M | |
| Working capital | $5.0MFY2017 | −$441,000FY2026 | −$5.4M | |
| Book value per share | $1.11FY2017 | $0.77FY2026 | −4.0%/yr | |
| Current ratio | 2.90FY2017 | 0.98FY2026 | −1.93 | |
| Debt / equity | 0.70FY2017 | 1.37FY2026 | +0.67 | |
| Shares outstanding | 7.2MFY2017 | 9.9MFY2026 | +3.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TPCS assets
TPCS liabilities and equity
TPCS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TPCS balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $431,000 | $195,000 | $138,402 | $534,474 | $1.1M | $2.1M | $930,856 | $2.0M | $2.7M | $3.1M |
| Cash & equivalents | $431,000 | $195,000 | $138,402 | $534,474 | $1.1M | $2.1M | $930,856 | $2.0M | $2.7M | $3.1M |
| Short-term investments | — | — | $19,800 | — | — | — | — | — | — | — |
| Receivables | $13.3M | $11.8M | $10.9M | $11.3M | $11.4M | $6.2M | $5.5M | $5.4M | $3.7M | $4.0M |
| Inventory | $3.0M | $2.9M | $3.2M | $2.4M | $2.2M | $1.3M | $1.2M | $1.2M | $202,737 | $141,792 |
| Other current assets | $1.0M | $490,000 | $563,688 | $344,422 | $1.4M | $345,901 | $606,151 | $498,059 | $450,540 | $422,096 |
| Total current assets | $17.7M | $15.3M | $14.8M | $14.6M | $16.1M | $9.9M | $8.2M | $9.2M | $7.0M | $7.6M |
| Property, plant & equipment (net) | $14.4M | $18.1M | $19.8M | $19.6M | $19.5M | $4.1M | $4.2M | $4.9M | $5.2M | $4.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $122,000 | $122,000 | $121,256 | $2.1M | $2.2M | $2.7M | $2.1M | $2.0M | $2.1M | $3.5M |
| Total assets | $32.3M | $33.5M | $34.7M | $36.2M | $37.9M | $16.7M | $14.6M | $16.0M | $14.3M | $16.0M |
| Liabilities | ||||||||||
| Accounts payable | $2.4M | $2.4M | $1.4M | $2.2M | $3.4M | $500,847 | $185,065 | $609,082 | $345,705 | $365,308 |
| Short-term debt | $7.7M | $8.1M | $8.3M | $1.9M | $4.7M | $2.5M | $109,829 | $822,105 | $766,354 | $717,481 |
| Deferred revenue | $4.2M | $2.7M | $3.8M | $2.3M | $1.8M | $218,152 | $805,049 | $740,947 | $180,706 | $642,831 |
| Total current liabilities | $18.2M | $16.9M | $17.8M | $9.0M | $13.3M | $4.7M | $2.7M | $2.9M | $2.1M | $2.6M |
| Long-term debt | $0 | $3,000 | $0 | $4.7M | $3.1M | $1.3M | $2.5M | $3.4M | $4.2M | $4.9M |
| Lease obligations | $3.7M | $4.4M | $5.1M | $5.9M | $6.4M | $45,663 | $22,010 | — | — | — |
| Other long-term liabilities | $6.4M | $7.9M | $9.2M | $7.8M | $6.2M | $720,164 | $0 | $0 | $0 | $539,172 |
| Total liabilities | $24.6M | $24.8M | $26.9M | $21.6M | $22.6M | $6.8M | $5.1M | $6.3M | $6.3M | $8.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1,000 | $1,000 | $878 | $861 | $3,430 | $2,949 | $2,935 | $2,923 | $2,882 | $2,882 |
| Retained earnings (deficit) | −$11.8M | −$10.1M | −$7.4M | −$356,439 | $622,567 | $972,401 | $651,770 | $993,339 | −$576,617 | −$310,709 |
| Accumulated other comprehensive income | — | — | — | — | — | $21,838 | $21,688 | $21,940 | $24,236 | $19,328 |
| Total shareholders' equity | $7.7M | $8.7M | $7.8M | $14.6M | $15.3M | $9.9M | $9.5M | $9.7M | $8.0M | $8.0M |
| Key figures | ||||||||||
| Total debt | $10.5M | $11.8M | $12.7M | $11.8M | $13.7M | $3.8M | $2.6M | $4.2M | $5.0M | $5.6M |
| Net cash (debt) | −$10.1M | −$11.6M | −$12.6M | −$11.3M | −$12.6M | −$1.7M | −$1.6M | −$2.2M | −$2.3M | −$2.5M |
| Working capital | −$441,000 | −$1.6M | −$2.9M | $5.6M | $2.8M | $5.2M | $5.6M | $6.3M | $4.9M | $5.0M |
| Tangible book value | $7.7M | $8.7M | $7.8M | $14.6M | $15.3M | $9.9M | $9.5M | $9.7M | $8.0M | $8.0M |
| Book value per share | $0.77 | $0.92 | $0.90 | $1.70 | $1.89 | $1.28 | $1.29 | $1.28 | $1.11 | $1.11 |
| Shares outstanding | 9.9M | 9.5M | 8.7M | 8.6M | 8.1M | 7.8M | 7.3M | 7.6M | 7.2M | 7.2M |
| Current ratio | 0.98 | 0.91 | 0.84 | 1.62 | 1.21 | 2.10 | 3.11 | 3.14 | 3.38 | 2.90 |
| Quick ratio | 0.76 | 0.71 | 0.62 | 1.31 | 0.93 | 1.76 | 2.42 | 2.54 | 3.06 | 2.69 |
| Debt / equity | 1.37 | 1.35 | 1.63 | 0.81 | 0.89 | 0.38 | 0.27 | 0.44 | 0.62 | 0.70 |
| Equity / assets | 23.8% | 26.1% | 22.5% | 40.3% | 40.3% | 59.4% | 64.9% | 60.5% | 56.1% | 49.8% |
| 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 | $279,000 | $431,000 | $50,000 | $220,000 | $143,000 | $165,000 | $132,000 | $44,797 | $138,402 | $138,000 | $412,421 | $159,912 |
| Cash & equivalents | $279,000 | $431,000 | $50,000 | $220,000 | $143,000 | $165,000 | $132,000 | $44,797 | $138,402 | $138,000 | $391,245 | $138,206 |
| Short-term investments | $20,000 | — | — | — | $20,000 | — | — | −$44.8M | $19,800 | — | $21,176 | $21,706 |
| Receivables | $11.9M | $13.3M | $14.1M | $13.2M | $11.9M | $10.4M | $12.0M | $12.3M | $10.9M | $2.4M | $10.6M | $11.1M |
| Inventory | $3.2M | $3.0M | $2.9M | $3.7M | $3.2M | $3.2M | $3.4M | $3.7M | $3.3M | $3.2M | $3.6M | $2.8M |
| Other current assets | $2.0M | $1.0M | $515,000 | $552,000 | $405,000 | $375,000 | $418,000 | $497,771 | $520,568 | $9.1M | $632,427 | $444,539 |
| Total current assets | $17.3M | $17.7M | $17.6M | $17.7M | $15.6M | $14.1M | $15.9M | $16.5M | $14.8M | $14.8M | $15.2M | $14.5M |
| Property, plant & equipment (net) | $16.4M | $14.4M | $15.1M | $16.0M | $16.4M | $17.9M | $19.0M | $19.1M | $19.8M | $19.8M | $20.6M | $21.1M |
| 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 | $0 | $122,000 | $122,000 | $122,000 | $122,000 | $121,000 | $122,000 | $121,256 | $3.0M | $122,000 | $2.6M | $2.4M |
| Total assets | $31.2M | $32.3M | $32.8M | $33.8M | $32.1M | $32.2M | $35.0M | $35.7M | $37.6M | $34.7M | $38.4M | $38.0M |
| Liabilities | ||||||||||||
| Accounts payable | $3.5M | $2.4M | $2.2M | $3.1M | $2.6M | $1.8M | $3.1M | $3.6M | $1.4M | $1.4M | $1.7M | $1.6M |
| Short-term debt | $5.7M | $7.7M | $7.4M | $8.0M | $6.5M | $8.0M | $7.8M | $8.2M | $8.3M | — | $8.2M | $7.7M |
| Deferred revenue | $3.6M | $4.2M | $4.8M | $3.1M | $3.6M | $2.7M | $2.5M | $3.0M | $3.8M | — | $4.0M | $3.2M |
| Total current liabilities | $17.4M | $18.2M | $18.1M | $17.4M | $16.4M | $15.9M | $17.4M | $18.2M | $17.8M | $17.8M | $16.6M | $15.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $3,000 | $19,000 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.5M | $3.7M | $3.9M | $4.0M | $4.2M | $4.4M | $4.6M | $4.8M | $5.0M | $5.1M | $5.3M | $5.5M |
| Other long-term liabilities | $6.3M | $6.4M | $6.8M | $7.3M | $7.5M | $8.2M | $8.7M | $9.7M | $12.1M | $9.2M | $9.0M | $9.2M |
| Total liabilities | $23.6M | $24.6M | $24.8M | $24.7M | $23.9M | $24.1M | $26.1M | $27.9M | $29.8M | $26.9M | $25.6M | $24.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $1,000 | $910 | $878 | — | $876 | $874 |
| Retained earnings (deficit) | −$12.0M | −$11.8M | −$11.4M | −$9.9M | −$10.7M | −$10.3M | −$9.5M | −$8.9M | −$7.4M | −$7.4M | −$2.3M | −$1.4M |
| Accumulated other comprehensive income | — | — | — | $0 | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $7.6M | $7.7M | $8.0M | $9.1M | $8.2M | $8.1M | $8.9M | $7.9M | $7.8M | $7.8M | $12.8M | $13.5M |
| Key figures | ||||||||||||
| Total debt | $8.4M | $10.5M | $10.5M | $11.2M | $9.9M | $11.9M | $11.8M | $12.4M | $12.7M | — | $12.8M | $12.5M |
| Net cash (debt) | −$8.1M | −$10.1M | −$10.5M | −$11.0M | −$9.8M | −$11.7M | −$11.7M | −$12.3M | −$12.6M | — | −$12.3M | −$12.3M |
| Working capital | −$46,000 | −$441,000 | −$489,000 | $284,000 | −$748,000 | −$1.8M | −$1.5M | −$1.7M | −$2.9M | −$2.9M | −$1.4M | −$739,824 |
| Tangible book value | $7.6M | $7.7M | $8.0M | $9.1M | $8.2M | $8.1M | $8.9M | $7.9M | $7.8M | $7.8M | $12.8M | $13.5M |
| Book value per share | $0.75 | $0.77 | $0.80 | $0.90 | $0.84 | $0.84 | $0.93 | $0.88 | $0.89 | $0.89 | $1.47 | $1.55 |
| Shares outstanding | 10.1M | 10.0M | 10.0M | 10.2M | 9.8M | 9.6M | 9.6M | 9.0M | 8.8M | 8.8M | 8.8M | 8.7M |
| Current ratio | 1.00 | 0.98 | 0.97 | 1.02 | 0.95 | 0.89 | 0.91 | 0.91 | 0.84 | 0.84 | 0.92 | 0.95 |
| Quick ratio | 0.70 | 0.76 | 0.78 | 0.77 | 0.73 | 0.66 | 0.69 | 0.68 | 0.62 | 0.14 | 0.66 | 0.74 |
| Debt / equity | 1.10 | 1.37 | 1.32 | 1.23 | 1.21 | 1.47 | 1.33 | 1.57 | 1.63 | — | 0.99 | 0.92 |
| Equity / assets | 24.4% | 23.8% | 24.3% | 26.9% | 25.5% | 25.2% | 25.4% | 22.1% | 20.7% | 22.5% | 33.4% | 35.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 25, 2026); data from EODHD.
TPCS financial position
At the end of fiscal 2026 (March 31, 2026), TechPrecision had total assets of $32.3 million (down 3.7% from a year earlier), total liabilities of $24.6 million and shareholders' equity of $7.7 million. It held $0.4 million in cash and short-term investments against $10.5 million of debt, net debt of $10.1 million. Its current ratio was 0.98. In the latest quarter (ended June 30, 2026) total assets were $31.2 million and equity $7.6 million.
Related: TPCS income statement, TPCS cash flow statement, TPCS key metrics. See the TPCS stock overview for the latest quote and news.
TPCS balance sheet FAQ
What are TechPrecision's total assets?
TechPrecision reported total assets of $32.3 million at the end of fiscal 2026 (March 31, 2026), compared with $33.5 million a year earlier.
How much debt does TechPrecision have?
TechPrecision had $10.5 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.37.
How much cash does TechPrecision have?
TechPrecision held $0.4 million in cash and short-term investments at the end of fiscal 2026; with $10.5 million of debt that is net debt of $10.1 million.
What is TechPrecision's book value?
TechPrecision's shareholders' equity (book value) was $7.7 million at the end of fiscal 2026, or $0.77 per share.
What is TechPrecision's current ratio?
TechPrecision had current assets of $17.7 million and current liabilities of $18.2 million, a current ratio of 0.98 (current liabilities exceed current assets).