Tungray Technologies Inc (TRSG) Balance Sheet
TRSG balance sheet, FY2026
June 30, 2026 · U.S. dollars$29.5M assets = $11.5M liabilities + $18.0M equity
Both columns are drawn to the same scale: what TRSG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TRSG financial health
Descriptive bands, not a rating. Fiscal FY2026.
TRSG balance sheet trends, FY2021–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $14.3MFY2021 | $29.5MFY2026 | +15.5%/yr | |
| Total liabilities | $8.1MFY2021 | $11.5MFY2026 | +7.2%/yr | |
| Shareholders’ equity | $6.3MFY2021 | $18.4MFY2026 | +24.1%/yr | |
| Cash & short-term investments | $4.6MFY2021 | $6.6MFY2026 | +7.5%/yr | |
| Total debt | $3.5MFY2021 | $2.9MFY2026 | −3.8%/yr | |
| Net cash (debt) | $1.1MFY2021 | $3.7MFY2026 | +$2.6M | |
| Working capital | $3.9MFY2021 | $9.1MFY2026 | +$5.1M | |
| Book value per share | $0.38FY2021 | $1.12FY2026 | +23.9%/yr | |
| Current ratio | 1.79FY2021 | 1.94FY2026 | +0.15 | |
| Debt / equity | 0.57FY2021 | 0.16FY2026 | −0.41 | |
| Shares outstanding | 16.2MFY2021 | 16.4MFY2026 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRSG assets
TRSG liabilities and equity
TRSG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TRSG balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $6.6M | $9.0M | $10.8M | $9.8M | $8.4M | $4.6M |
| Cash & equivalents | $6.6M | $9.0M | $10.8M | $9.8M | $8.4M | $4.6M |
| Receivables | $5.1M | $3.5M | $3.8M | $2.2M | $3.4M | $3.0M |
| Inventory | $3.4M | $2.2M | $2.3M | $1.0M | $1.4M | $1.1M |
| Other current assets | $3.6M | $5.1M | $1.6M | $254,353 | $648,171 | $198,207 |
| Total current assets | $18.7M | $19.8M | $18.5M | $13.3M | $13.8M | $8.9M |
| Property, plant & equipment (net) | $8.3M | $7.8M | $6.9M | $5.2M | $5.2M | $5.4M |
| Goodwill & intangible assets | $241,831 | $2.0M | $55,842 | $33,944 | $49,139 | $63,958 |
| Long-term investments | $2.3M | $205,499 | $211,271 | $217,480 | $0 | $0 |
| Other non-current assets | $29,173 | $79,088 | $1.2M | $530,575 | $36,113 | $9,145 |
| Total assets | $29.5M | $29.9M | $26.9M | $19.3M | $19.1M | $14.3M |
| Liabilities | ||||||
| Accounts payable | $2.1M | $1.4M | $1.5M | $1.2M | $1.6M | $1.2M |
| Short-term debt | $1.1M | $557,102 | $309,488 | $906,675 | $1.4M | $508,293 |
| Deferred revenue | $3.2M | $6.1M | $4.0M | $1.4M | $1.9M | $759,948 |
| Total current liabilities | $9.6M | $10.6M | $8.3M | $5.7M | $7.0M | $4.9M |
| Long-term debt | $1.2M | $1.2M | $2.0M | $2.4M | $3.2M | $3.6M |
| Lease obligations | $927,128 | $1.4M | $519,379 | $563,179 | $684,976 | $725,951 |
| Other long-term liabilities | $647,991 | $883,081 | $350,053 | $0 | $0 | $0 |
| Total liabilities | $11.5M | $12.6M | $10.6M | $7.9M | $9.8M | $8.1M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $1,635 | $1,635 | $1,500 | $1,118 | $1,113 | $1,134 |
| Retained earnings (deficit) | $15.0M | $15.1M | $12.1M | $11.2M | $12.4M | $9.6M |
| Accumulated other comprehensive income | $226,741 | −$763,426 | $26,881 | −$77,575 | −$3.3M | −$3.6M |
| Minority interest | −$334,783 | −$163,599 | −$114,513 | −$14,435 | — | — |
| Total shareholders' equity | $18.4M | $17.4M | $16.2M | $11.4M | $9.3M | $6.3M |
| Key figures | ||||||
| Total debt | $2.9M | $2.6M | $2.6M | $2.8M | $3.8M | $3.5M |
| Net cash (debt) | $3.7M | $6.4M | $8.2M | $7.0M | $4.6M | $1.1M |
| Working capital | $9.1M | $9.2M | $10.2M | $7.6M | $6.8M | $3.9M |
| Tangible book value | $18.1M | $15.4M | $16.2M | $11.4M | $9.3M | $6.2M |
| Book value per share | $1.12 | $1.07 | $1.08 | $0.70 | $0.57 | $0.38 |
| Shares outstanding | 16.4M | 16.4M | 15.0M | 16.2M | 16.2M | 16.2M |
| Current ratio | 1.94 | 1.86 | 2.22 | 2.32 | 1.97 | 1.79 |
| Quick ratio | 1.21 | 1.18 | 1.75 | 2.10 | 1.68 | 1.54 |
| Debt / equity | 0.16 | 0.15 | 0.16 | 0.25 | 0.40 | 0.57 |
| Equity / assets | 62.2% | 58.3% | 60.4% | 59.2% | 48.8% | 43.6% |
| Mar '26 | Dec '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $6.6M | $6.6M | $8.5M | $9.0M | $9.0M | $9.0M | $10.0M | $10.0M | $10.8M | $10.8M | $11.7M | $11.7M |
| Cash & equivalents | $6.6M | $6.6M | $8.5M | $9.0M | $9.0M | $9.0M | $10.0M | $10.0M | $10.8M | $10.8M | $11.7M | $11.7M |
| Receivables | $5.1M | $3.8M | $3.7M | $3.5M | $3.5M | $2.4M | $3.0M | $3.0M | $4.1M | $3.8M | $2.6M | $2.6M |
| Inventory | $3.4M | $3.4M | $2.3M | $2.2M | $2.2M | $2.2M | $1.4M | $1.4M | $2.3M | $2.3M | $2.2M | $2.2M |
| Other current assets | $3.6M | $4.9M | $3.8M | $5.1M | $5.1M | $6.2M | $3.6M | $3.6M | $1.3M | $1.6M | $1.6M | $1.6M |
| Total current assets | $18.7M | $18.7M | $18.4M | $19.8M | $19.8M | $19.8M | $18.0M | $18.0M | $18.5M | $18.5M | $18.1M | $18.1M |
| Property, plant & equipment (net) | $8.3M | $8.3M | $10.1M | $7.8M | $7.8M | $7.8M | $7.8M | $7.8M | $6.9M | $6.9M | $6.7M | $6.7M |
| Goodwill & intangible assets | $241,831 | $241,831 | $129,392 | $2.0M | $2.0M | $59,148 | $72,884 | $72,884 | $55,842 | $55,842 | $60,967 | $60,967 |
| Long-term investments | $0 | $2.3M | $0 | $0 | $205,499 | $0 | $206,407 | $0 | $211,271 | $0 | $206,859 | $0 |
| Other non-current assets | $2.3M | $29,173 | $319,029 | $284,587 | $79,088 | $2.3M | $2.1M | $2.3M | $1.2M | $1.4M | $1.1M | $1.4M |
| Total assets | $29.5M | $29.5M | $28.9M | $29.9M | $29.9M | $29.9M | $28.1M | $28.1M | $26.9M | $26.9M | $26.1M | $26.1M |
| Liabilities | ||||||||||||
| Accounts payable | $2.1M | $2.1M | $2.0M | $1.4M | $1.4M | $1.4M | $1.3M | $1.8M | $1.5M | $1.5M | $1.4M | $1.4M |
| Short-term debt | $1.1M | — | $1.1M | $557,102 | $557,102 | $557,102 | $662,918 | $662,918 | $309,488 | $309,488 | $745,908 | $745,908 |
| Deferred revenue | $3.2M | — | $2.3M | $6.1M | $6.1M | $1 | $3.9M | — | $1 | — | $3.3M | — |
| Total current liabilities | $9.6M | $9.6M | $8.1M | $10.6M | $10.6M | $10.6M | $8.2M | $8.2M | $8.3M | $8.3M | $8.6M | $8.6M |
| Long-term debt | $0 | $1.2M | $0 | $0 | $1.2M | $0 | $1.8M | $0 | $2.0M | $0 | $2.0M | $0 |
| Lease obligations | — | $927,128 | — | — | $1.4M | — | $1.5M | — | $519,379 | — | $462,162 | — |
| Other long-term liabilities | $1.8M | $647,991 | $2.1M | $2.0M | $883,081 | $2.0M | $998,625 | $2.8M | $350,053 | $2.3M | $393,399 | $2.3M |
| Total liabilities | $11.5M | $11.5M | $10.2M | $12.6M | $12.6M | $12.6M | $11.0M | $11.0M | $10.6M | $10.6M | $11.0M | $11.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1,635 | — | $1,635 | $1,635 | $1,635 | $1,635 | $1,635 | $1,635 | $1,500 | $1,500 | $1,500 | $1,500 |
| Retained earnings (deficit) | $15.0M | $15.0M | $15.8M | $15.1M | $15.1M | $15.3M | $15.0M | $15.0M | $16.2M | $16.2M | $15.5M | $15.5M |
| Accumulated other comprehensive income | $226,741 | — | −$116,633 | −$763,426 | −$763,426 | −$1.0M | −$913,916 | −$913,916 | $35,459 | −$213,302 | −$651,880 | −$651,880 |
| Minority interest | — | −$334,783 | — | — | −$163,599 | — | — | — | — | — | — | — |
| Total shareholders' equity | $18.4M | $18.4M | $18.9M | $17.4M | $17.4M | $17.4M | $17.2M | $17.2M | $16.3M | $16.3M | $15.2M | $15.2M |
| Key figures | ||||||||||||
| Total debt | $2.9M | $1.2M | $3.1M | $2.6M | $2.6M | $2.6M | $3.5M | $3.5M | $2.6M | $2.4M | $3.1M | $3.0M |
| Net cash (debt) | $3.7M | $5.4M | $5.4M | $6.4M | $6.4M | $6.4M | $6.5M | $6.5M | $8.2M | $8.4M | $8.6M | $8.6M |
| Working capital | $9.1M | $9.1M | $10.2M | $9.2M | $9.2M | $9.2M | $9.8M | $9.8M | $10.2M | $10.2M | $9.4M | $9.4M |
| Tangible book value | $18.1M | $18.1M | $18.7M | $15.4M | $15.4M | $17.4M | $17.1M | $17.1M | $16.3M | $16.3M | $15.2M | $15.2M |
| Book value per share | $1.12 | $1.12 | $1.15 | $1.07 | $1.07 | $1.07 | $1.11 | $1.11 | $1.09 | $1.09 | $1.01 | $1.01 |
| Shares outstanding | 16.4M | 16.4M | 16.4M | 16.4M | 16.4M | 16.4M | 15.5M | 15.5M | 15.0M | 15.0M | 15.0M | 15.0M |
| Current ratio | 1.94 | 1.94 | 2.26 | 1.86 | 1.86 | 1.86 | 2.19 | 2.19 | 2.22 | 2.22 | 2.09 | 2.09 |
| Quick ratio | 1.21 | 1.08 | 1.50 | 1.18 | 1.18 | 1.07 | 1.58 | 1.58 | 1.79 | 1.75 | 1.65 | 1.65 |
| Debt / equity | 0.16 | 0.06 | 0.17 | 0.15 | 0.15 | 0.15 | 0.20 | 0.20 | 0.16 | 0.15 | 0.20 | 0.20 |
| Equity / assets | 62.2% | 62.2% | 65.4% | 58.3% | 58.3% | 58.3% | 61.2% | 61.2% | 60.8% | 60.8% | 58.2% | 58.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 23, 2026); data from EODHD.
TRSG financial position
At the end of fiscal 2026 (June 30, 2026), Tungray Technologies had total assets of $29.5 million (down 1.3% from a year earlier), total liabilities of $11.5 million and shareholders' equity of $18.4 million. It held $6.6 million in cash and short-term investments against $2.9 million of debt, a net cash position of $3.7 million. Its current ratio was 1.94.
Related: TRSG income statement, TRSG cash flow statement, TRSG key metrics. See the TRSG stock overview for the latest quote and news.
TRSG balance sheet FAQ
What are Tungray Technologies's total assets?
Tungray Technologies reported total assets of $29.5 million at the end of fiscal 2026 (June 30, 2026), compared with $29.9 million a year earlier.
How much debt does Tungray Technologies have?
Tungray Technologies had $2.9 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.16.
How much cash does Tungray Technologies have?
Tungray Technologies held $6.6 million in cash and short-term investments at the end of fiscal 2026; with $2.9 million of debt that is net cash of $3.7 million.
What is Tungray Technologies's book value?
Tungray Technologies's shareholders' equity (book value) was $18.4 million at the end of fiscal 2026, or $1.12 per share.
What is Tungray Technologies's current ratio?
Tungray Technologies had current assets of $18.7 million and current liabilities of $9.6 million, a current ratio of 1.94 (it can cover its short-term obligations).
How much goodwill does Tungray Technologies have?
Tungray Technologies carried $0.2 million of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2026.