Trinity Place Holdings Inc. (TPHS) Balance Sheet
TPHS balance sheet, 2025
December 31, 2025 · U.S. dollars$323,000 assets = $1.7M liabilities + −$1.4M equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.4M).
Both columns are drawn to the same scale: what TPHS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TPHS financial health
Equity / assets−427.2%
Thin equity · of assets funded by shareholders
Cash / debt16.1%
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.
TPHS balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $85.6M2016 | $323,0002025 | −46.2%/yr | |
| Total liabilities | $57.6M2016 | $1.7M2025 | −32.4%/yr | |
| Shareholders’ equity | $28.0M2016 | −$1.4M2025 | — | |
| Cash & short-term investments | $4.7M2016 | $216,0002025 | −28.9%/yr | |
| Total debt | $48.7M2016 | $1.3M2025 | −32.9%/yr | |
| Net cash (debt) | −$44.0M2016 | −$1.1M2025 | +$42.9M | |
| Working capital | $7.1M2016 | −$592,0002024 | −$7.7M | |
| Book value per share | $1.102016 | −$0.022025 | — | |
| Debt / equity | 1.742016 | 0.052024 | −1.68 | |
| Shares outstanding | 25.4M2016 | 66.0M2025 | +11.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TPHS assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TPHS liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TPHS debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TPHS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $216,000 | $277,000 | $264,000 | $1.5M | $4.3M | $6.5M | $9.2M | $11.5M | $15.3M | $4.7M |
| Cash & equivalents | $216,000 | $277,000 | $264,000 | $1.5M | $4.3M | $6.5M | $9.2M | $11.5M | $15.3M | $4.7M |
| Short-term investments | — | — | — | — | $17.9M | — | — | $0 | $96.89B | $28.3M |
| Receivables | $0 | $146,000 | $663,000 | $425,000 | $198,000 | $1.1M | $1.8M | $4.0M | $4.0M | $763,000 |
| Inventory | $0 | $0 | $0 | $45.5M | $46.3M | $27.1M | $30.8M | $0 | $0 | $0 |
| Other current assets | $0 | $393,000 | $8.1M | $0 | $0 | $0 | $0 | $4.1M | $10.6M | $4.6M |
| Total current assets | $216,000 | $816,000 | $9.0M | $25.0M | $25.7M | $17.6M | $21.3M | $19.6M | $29.8M | $10.0M |
| Property, plant & equipment (net) | $0 | $109,000 | $519,000 | $945,000 | $1.3M | $1.6M | $1.9M | $213.1M | $6.5M | $6.7M |
| Goodwill & intangible assets | $0 | $0 | $7.0M | $7.7M | $8.4M | $9.2M | $7.2M | $9.2M | −$114,000 | $432,000 |
| Long-term investments | $0 | $0 | $0 | $4.4M | $17.9M | $19.4M | $10.7M | $11.5M | $12.5M | $13.9M |
| Other non-current assets | $107,000 | $2.8M | $251.0M | $268.9M | $287.8M | $281.5M | $304.2M | $3.4M | $72.3M | $54.6M |
| Total assets | $323,000 | $3.7M | $267.5M | $306.9M | $341.2M | $329.1M | $345.3M | $256.8M | $121.0M | $85.6M |
| Liabilities | ||||||||||
| Accounts payable | — | $454,000 | $28.3M | — | $12.3M | $15.9M | $22.2M | −$123.3M | $13.3M | $2.9M |
| Short-term debt | — | $118,000 | $52.5M | $44.2M | $45.6M | $39.6M | $5.2M | $0 | $0 | $0 |
| Deferred revenue | — | — | — | — | — | — | $82.9M | $49.2M | — | — |
| Total current liabilities | — | $1.4M | $82.4M | $63.2M | $63.5M | $55.5M | $110.3M | $70.2M | $13.3M | $2.9M |
| Long-term debt | $0 | $0 | $194.6M | $214.6M | $225.1M | $210.9M | $175.6M | $123.3M | $36.2M | $48.7M |
| Lease obligations | — | $118,000 | $569,000 | $1.0M | $1.4M | $1.7M | $2.1M | $0 | $0 | $0 |
| Other long-term liabilities | $1.7M | $1.4M | $72.5M | $1.8M | $2.6M | $0 | $0 | $3.7M | $4.2M | $5.9M |
| Total liabilities | $1.7M | $1.5M | $277.6M | $279.6M | $291.2M | $261.2M | $285.6M | $197.3M | $53.7M | $57.6M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $735,000 | $725,000 | $450,000 | $435,000 | $430,000 | $383,000 | $376,000 | $372,000 | $368,000 | $307,000 |
| Retained earnings (deficit) | −$95.1M | −$90.3M | −$95.9M | −$56.9M | −$36.2M | −$9.5M | −$16.0M | −$15.5M | −$7.6M | −$5.6M |
| Treasury stock | — | — | — | — | — | −$56.8M | −$55.7M | −$54.8M | −$53.7M | −$51.1M |
| Accumulated other comprehensive income | — | −$729,000 | −$2.3M | −$3.6M | −$1.3M | −$2.2M | −$3.2M | −$3.5M | −$2.7M | −$3.2M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | −$1.4M | $2.2M | −$10.0M | $27.3M | $50.0M | $67.9M | $59.7M | $59.5M | $67.3M | $28.0M |
| Key figures | ||||||||||
| Total debt | $1.3M | $118,000 | $247.7M | $259.8M | $272.2M | $250.5M | $180.9M | $123.3M | $36.2M | $48.7M |
| Net cash (debt) | −$1.1M | $159,000 | −$247.5M | −$258.3M | −$267.8M | −$244.0M | −$171.7M | −$111.8M | −$20.9M | −$44.0M |
| Working capital | — | −$592,000 | −$73.4M | −$38.2M | −$37.7M | −$37.9M | −$89.0M | −$50.6M | $16.5M | $7.1M |
| Tangible book value | −$1.4M | $2.2M | −$17.0M | $19.6M | $41.6M | $58.7M | $52.5M | $50.3M | $67.4M | $27.6M |
| Book value per share | −$0.02 | $0.04 | −$0.26 | $0.73 | $1.50 | $2.06 | $1.86 | $1.88 | $2.21 | $1.10 |
| Shares outstanding | 66.0M | 62.6M | 38.4M | 37.2M | 33.3M | 33.0M | 32.0M | 31.6M | 30.5M | 25.4M |
| Current ratio | — | 0.58 | 0.11 | 0.40 | 0.41 | 0.32 | 0.19 | 0.28 | 2.24 | 3.41 |
| Quick ratio | — | 0.30 | 0.01 | 0.03 | 0.07 | 0.14 | 0.10 | 0.22 | 1.44 | 1.85 |
| Debt / equity | — | 0.05 | — | 9.50 | 5.44 | 3.69 | 3.03 | 2.07 | 0.54 | 1.74 |
| Equity / assets | −427.2% | 59.1% | −3.8% | 8.9% | 14.7% | 20.6% | 17.3% | 23.2% | 55.6% | 32.7% |
| 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 | $180,000 | $54,000 | $216,000 | $341,000 | $261,000 | $450,000 | $277,000 | $505,000 | $854,000 | $285,000 | $264,000 | $809,000 |
| Cash & equivalents | $180,000 | $54,000 | $216,000 | $341,000 | $261,000 | $450,000 | $277,000 | $505,000 | $854,000 | $4.0M | $264,000 | $809,000 |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $146,000 | $134,000 | $125,000 | $120,000 | $663,000 | $383,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.7M | $0 | $0 | $8.2M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $110,000 | $393,000 | $779,000 | $1.7M | $4.0M | $8.1M | $4.3M |
| Total current assets | $180,000 | $54,000 | $216,000 | $341,000 | $261,000 | $560,000 | $816,000 | $1.4M | $979,000 | $4.4M | $9.0M | $13.7M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $109,000 | $213,000 | $317,000 | $418,000 | $519,000 | $655,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.0M | $7.0M | $7.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $92,000 | $103,000 | $107,000 | $255,000 | $675,000 | $822,000 | $2.8M | $1.4M | $3.2M | $0 | $251.0M | $246.2M |
| Total assets | $272,000 | $157,000 | $323,000 | $596,000 | $936,000 | $1.4M | $3.7M | $3.0M | $4.5M | $6.2M | $267.5M | $267.7M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | $374,000 | $454,000 | $296,000 | $656,000 | $565,000 | $28.3M | — |
| Short-term debt | — | — | — | — | — | — | $118,000 | $118,000 | $235,000 | $353,000 | $52.5M | $51.9M |
| Total current liabilities | — | — | — | — | — | $557,000 | $1.4M | $1.3M | $346,000 | $2.3M | $82.4M | $77.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $1.0M | $0 | $0 | $0 | $0 | $194.6M | $190.6M |
| Lease obligations | — | — | — | — | — | $0 | $118,000 | $233,000 | $346,000 | $458,000 | $569,000 | $716,000 |
| Other long-term liabilities | $1.9M | $1.7M | $1.7M | $1.6M | $1.6M | $0 | $118,000 | $1.3M | $346,000 | $1.2M | $72.5M | $970,000 |
| Total liabilities | $1.9M | $1.7M | $1.7M | $1.6M | $1.6M | $1.6M | $1.5M | $1.5M | $2.6M | $3.5M | $277.6M | $268.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $735,000 | $735,000 | $735,000 | $735,000 | $735,000 | $735,000 | $725,000 | $725,000 | $711,000 | $708,000 | $450,000 | $449,000 |
| Retained earnings (deficit) | −$95.4M | −$95.3M | −$95.1M | −$94.8M | −$94.5M | −$94.0M | −$90.3M | −$89.8M | −$88.8M | −$87.8M | −$95.9M | −$85.9M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$729,000 | −$1.9M | −$2.0M | −$2.1M | −$2.3M | −$3.3M |
| Total shareholders' equity | −$1.7M | −$1.5M | −$1.4M | −$994,000 | −$690,000 | −$183,000 | $2.2M | $1.5M | $1.8M | $2.7M | −$10.0M | −$1.2M |
| Key figures | ||||||||||||
| Total debt | $1.7M | $1.4M | $1.3M | $1.3M | $1.3M | $1.0M | $118,000 | $233,000 | $346,000 | $458,000 | $247.7M | $243.3M |
| Net cash (debt) | −$1.5M | −$1.3M | −$1.1M | −$971,000 | −$1.0M | −$558,000 | $159,000 | $272,000 | $508,000 | −$173,000 | −$247.5M | −$242.5M |
| Working capital | — | — | — | — | — | $3,000 | −$592,000 | $129,000 | $633,000 | $2.1M | −$73.4M | −$63.5M |
| Tangible book value | −$1.7M | −$1.5M | −$1.4M | −$994,000 | −$690,000 | −$183,000 | $2.2M | $1.5M | $1.8M | −$4.3M | −$17.0M | −$8.3M |
| Book value per share | −$0.03 | −$0.02 | −$0.02 | −$0.02 | −$0.01 | −$0.00 | $0.04 | $0.02 | $0.03 | $0.05 | −$0.26 | −$0.03 |
| Shares outstanding | 65.0M | 65.0M | 65.1M | 66.2M | 66.3M | 66.3M | 62.6M | 65.8M | 65.6M | 52.9M | 38.2M | 38.8M |
| Current ratio | — | — | — | — | — | 1.01 | 0.58 | 1.10 | 2.83 | 1.94 | 0.11 | 0.18 |
| Quick ratio | — | — | — | — | — | 0.81 | 0.30 | 0.50 | 2.83 | 0.18 | 0.01 | 0.02 |
| Debt / equity | — | — | — | — | — | — | 0.05 | 0.16 | 0.19 | 0.17 | — | — |
| Equity / assets | −616.5% | −977.1% | −427.2% | −166.8% | −73.7% | −13.2% | 59.1% | 49.3% | 40.9% | 43.1% | −3.8% | −0.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
TPHS financial position
At the end of fiscal 2025 (December 31, 2025), Trinity Place had total assets of $0.3 million (down 91.3% from a year earlier), total liabilities of $1.7 million and shareholders' equity of -$1.4 million. It held $0.2 million in cash and short-term investments against $1.3 million of debt, net debt of $1.1 million. In the latest quarter (ended June 30, 2026) total assets were $0.3 million and equity -$1.7 million.
Related: TPHS income statement, TPHS cash flow statement, TPHS key metrics. See the TPHS stock overview for the latest quote and news.
TPHS balance sheet FAQ
What are Trinity Place's total assets?
Trinity Place reported total assets of $0.3 million at the end of fiscal 2025 (December 31, 2025), compared with $3.7 million a year earlier.
How much debt does Trinity Place have?
Trinity Place had $1.3 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does Trinity Place have?
Trinity Place held $0.2 million in cash and short-term investments at the end of fiscal 2025; with $1.3 million of debt that is net debt of $1.1 million.
What is Trinity Place's book value?
Trinity Place's shareholders' equity (book value) was -$1.4 million at the end of fiscal 2025, or −$0.02 per share.