Trio-Tech International (TRT) Balance Sheet
TRT balance sheet, FY2026
June 30, 2026 · U.S. dollars$60.7M assets = $17.7M liabilities + $43.0M equity
Both columns are drawn to the same scale: what TRT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TRT financial health
Current ratio3.44
Comfortable · current assets cover current liabilities 3.44×
Debt / equity0.05
Low leverage · $0.05 of debt for each $1 of equity
Equity / assets73.9%
Equity-funded · of assets funded by shareholders
Cash / debt909.9%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
TRT balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $33.5MFY2017 | $60.7MFY2026 | +6.8%/yr | |
| Total liabilities | $12.0MFY2017 | $17.7MFY2026 | +4.4%/yr | |
| Shareholders’ equity | $20.1MFY2017 | $44.9MFY2026 | +9.3%/yr | |
| Cash & short-term investments | $5.6MFY2017 | $21.4MFY2026 | +16.2%/yr | |
| Total debt | $5.1MFY2017 | $2.4MFY2026 | −8.3%/yr | |
| Net cash (debt) | $432,000FY2017 | $19.1MFY2026 | +$18.6M | |
| Working capital | $7.5MFY2017 | $32.2MFY2026 | +$24.7M | |
| Book value per share | $2.76FY2017 | $4.98FY2026 | +6.8%/yr | |
| Current ratio | 1.78FY2017 | 3.44FY2026 | +1.66 | |
| Debt / equity | 0.26FY2017 | 0.05FY2026 | −0.20 | |
| Shares outstanding | 7.3MFY2017 | 9.0MFY2026 | +2.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TRT assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TRT liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TRT debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TRT balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $21.4M | $16.7M | $16.5M | $14.2M | $13.1M | $12.5M | $11.0M | $9.0M | $7.2M | $5.6M |
| Cash & equivalents | $21.4M | $10.9M | $10.0M | $7.6M | $7.7M | $5.8M | $4.2M | $4.9M | $6.5M | $4.8M |
| Short-term investments | — | $5.8M | $6.5M | $6.6M | $5.4M | $6.7M | $6.8M | $4.1M | $653,000 | $787,000 |
| Receivables | $14.6M | $11.4M | $11.2M | $10.8M | $12.6M | $9.0M | $6.9M | $7.9M | $8.6M | $9.4M |
| Inventory | $3.4M | $2.3M | $3.2M | $2.2M | $2.3M | $2.1M | $1.9M | $2.4M | $2.9M | $1.8M |
| Other current assets | $5.9M | $1.2M | $1.3M | $1.7M | $1.2M | $418,000 | $341,000 | $376,000 | $299,000 | $312,000 |
| Total current assets | $45.3M | $31.6M | $32.2M | $28.8M | $29.2M | $24.0M | $20.2M | $19.7M | $19.0M | $17.0M |
| Property, plant & equipment (net) | $12.1M | $6.9M | $7.8M | $11.0M | $11.6M | $11.8M | $11.3M | $12.2M | $11.9M | $11.3M |
| 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 | $3.3M | $2.6M | $2.5M | $2.4M | $2.6M | $2.6M | $4.2M | $4.6M | $5.5M | $5.2M |
| Total assets | $60.7M | $41.1M | $42.5M | $42.2M | $43.4M | $38.3M | $35.7M | $36.5M | $36.5M | $33.5M |
| Liabilities | ||||||||||
| Accounts payable | $7.6M | $1.9M | $3.2M | $1.7M | $2.4M | $3.7M | $2.6M | $3.3M | $3.7M | $3.2M |
| Short-term debt | $2.4M | $980,000 | $1.5M | $1.7M | $2.7M | $1.4M | $1.3M | $958,000 | $2.7M | $3.0M |
| Deferred revenue | — | $250,000 | $754,000 | $1.3M | $988,000 | $740,000 | $594,000 | $608,000 | $17,000 | $218,000 |
| Total current liabilities | $13.2M | $6.3M | $9.4M | $9.3M | $11.9M | $8.8M | $7.2M | $8.1M | $9.8M | $9.5M |
| Long-term debt | $0 | $428,000 | $647,000 | $919,000 | $1.4M | $1.6M | $2.3M | $2.7M | $2.0M | $2.1M |
| Lease obligations | — | $907,000 | $2.0M | $2.8M | $3.4M | $2.3M | $1.6M | $442,000 | $524,000 | $531,000 |
| Other long-term liabilities | $4.5M | $365,000 | $893,000 | $2.4M | $2.1M | $1.9M | $933,000 | $799,000 | $1.2M | $339,000 |
| Total liabilities | $17.7M | $7.1M | $11.0M | $12.6M | $15.4M | $12.3M | $10.5M | $11.7M | $13.0M | $12.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $24.9M | $13.5M | $13.3M | $12.8M | $12.8M | $12.2M | $11.4M | $11.4M | $11.0M | $10.9M |
| Retained earnings (deficit) | $10.8M | $12.0M | $11.8M | $10.8M | $9.2M | $6.8M | $7.4M | $7.1M | $5.5M | $4.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $2.6M | $2.5M | $660,000 | $758,000 | $1.2M | $2.4M | $1.1M | $1.9M | $2.2M | $1.6M |
| Minority interest | — | −$37,000 | $249,000 | $165,000 | $128,000 | $419,000 | $1.2M | — | $0 | $0 |
| Total shareholders' equity | $44.9M | $34.0M | $31.3M | $29.4M | $27.9M | $25.6M | $24.0M | $23.7M | $22.0M | $20.1M |
| Key figures | ||||||||||
| Total debt | $2.4M | $1.7M | $2.9M | $4.1M | $6.1M | $4.5M | $4.1M | $3.7M | $4.6M | $5.1M |
| Net cash (debt) | $19.1M | $15.0M | $13.7M | $10.1M | $7.1M | $8.0M | $6.9M | $5.3M | $2.6M | $432,000 |
| Working capital | $32.2M | $25.3M | $22.8M | $19.5M | $17.3M | $15.2M | $13.0M | $11.6M | $9.2M | $7.5M |
| Tangible book value | $44.9M | $34.0M | $31.3M | $29.4M | $27.9M | $25.6M | $24.0M | $23.7M | $22.0M | $20.1M |
| Book value per share | $4.98 | $3.90 | $3.64 | $3.53 | $3.34 | $3.40 | $3.22 | $3.15 | $2.91 | $2.76 |
| Shares outstanding | 9.0M | 8.7M | 8.6M | 8.3M | 8.3M | 7.5M | 7.5M | 7.5M | 7.5M | 7.3M |
| Current ratio | 3.44 | 5.03 | 3.42 | 3.09 | 2.45 | 2.74 | 2.79 | 2.43 | 1.94 | 1.78 |
| Quick ratio | 2.74 | 4.47 | 2.94 | 2.68 | 2.16 | 2.45 | 2.48 | 2.08 | 1.61 | 1.57 |
| Debt / equity | 0.05 | 0.05 | 0.09 | 0.14 | 0.22 | 0.17 | 0.17 | 0.16 | 0.21 | 0.26 |
| Equity / assets | 73.9% | 82.9% | 73.6% | 69.7% | 64.2% | 66.9% | 67.2% | 64.8% | 60.3% | 60.0% |
| 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 | $21.4M | $16.3M | $17.3M | $18.2M | $16.7M | $17.6M | $16.5M | $15.5M | $16.5M | $17.0M | $16.8M | $14.3M |
| Cash & equivalents | $21.4M | $13.8M | $13.2M | $13.1M | $10.9M | $11.0M | $10.3M | $8.9M | $10.0M | $10.7M | $11.0M | $8.3M |
| Short-term investments | — | $2.6M | $4.1M | $5.1M | $5.8M | $6.6M | $6.2M | $6.5M | $6.5M | $6.3M | $5.8M | $5.9M |
| Receivables | $14.6M | $13.9M | $14.2M | $16.6M | $11.4M | $9.8M | $10.8M | $12.7M | $11.2M | $11.2M | $13.4M | $12.7M |
| Inventory | $3.4M | $2.5M | $2.8M | $2.4M | $2.3M | $2.2M | $2.0M | $2.9M | $3.2M | $2.7M | $3.5M | $4.0M |
| Other current assets | $5.9M | $555,000 | $389,000 | $494,000 | $1.2M | $1.2M | $1.3M | $1.4M | $1.3M | $1.3M | $1.4M | $1.4M |
| Total current assets | $45.3M | $33.3M | $34.7M | $37.6M | $31.6M | $30.9M | $30.6M | $32.5M | $32.2M | $32.3M | $35.1M | $32.4M |
| Property, plant & equipment (net) | $12.1M | $8.9M | $8.4M | $7.2M | $6.9M | $6.6M | $6.8M | $7.9M | $7.8M | $8.4M | $9.0M | $9.9M |
| 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 | $3.3M | $2.6M | $2.6M | $2.6M | $2.6M | $2.4M | $2.4M | $2.6M | $2.5M | $2.5M | $2.6M | $2.5M |
| Total assets | $60.7M | $44.7M | $45.7M | $47.4M | $41.1M | $40.0M | $39.8M | $42.9M | $42.5M | $43.1M | $46.6M | $44.7M |
| Liabilities | ||||||||||||
| Accounts payable | $7.6M | $5.7M | $5.5M | $7.8M | $1.9M | $2.0M | $1.8M | $2.4M | $3.2M | $2.4M | $2.3M | $2.6M |
| Short-term debt | $2.4M | $1.0M | $1.3M | $816,000 | $980,000 | $998,000 | $1.2M | $1.4M | $1.5M | $1.7M | $2.0M | $2.0M |
| Deferred revenue | — | $92,000 | $128,000 | $255,000 | $250,000 | $673,000 | $721,000 | $827,000 | $754,000 | $1.5M | $3.8M | $2.2M |
| Total current liabilities | $13.2M | $9.9M | $11.7M | $12.0M | $6.3M | $6.3M | $6.8M | $8.1M | $9.4M | $9.8M | $12.9M | $12.5M |
| Long-term debt | $0 | $255,000 | $310,000 | $365,000 | $428,000 | $474,000 | $536,000 | $658,000 | $613,000 | $676,000 | $762,000 | $809,000 |
| Lease obligations | — | $2.9M | $2.6M | $1.4M | $907,000 | $1.1M | $1.3M | $1.7M | $2.0M | $2.3M | $2.5M | $2.7M |
| Other long-term liabilities | $4.5M | $2.1M | $2.0M | $914,999 | $365,000 | $437,000 | $284,000 | $703,000 | $927,000 | $1.2M | $1.4M | $1.8M |
| Total liabilities | $17.7M | $12.3M | $14.0M | $13.2M | $7.1M | $7.2M | $7.6M | $9.5M | $11.0M | $11.6M | $15.1M | $15.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $24.9M | $14.4M | $13.8M | $13.5M | $13.5M | $13.5M | $13.3M | $13.3M | $13.3M | $13.2M | $13.0M | $12.8M |
| Retained earnings (deficit) | $10.8M | $11.0M | $11.1M | $12.1M | $12.0M | $11.6M | $12.1M | $11.6M | $11.8M | $11.6M | $11.5M | $11.0M |
| Accumulated other comprehensive income | $2.6M | $2.6M | $2.6M | $2.4M | $2.5M | $1.3M | $778,000 | $2.5M | $660,000 | $984,000 | $1.8M | $554,000 |
| Minority interest | — | −$1.9M | −$1.8M | $88,000 | −$37,000 | $412,000 | — | — | — | — | — | — |
| Total shareholders' equity | $44.9M | $34.3M | $33.5M | $34.1M | $34.0M | $32.3M | $31.8M | $33.1M | $31.3M | $31.2M | $31.4M | $29.5M |
| Key figures | ||||||||||||
| Total debt | $2.4M | $3.4M | $5.5M | $2.1M | $1.7M | $1.9M | $2.0M | $2.6M | $2.9M | $3.3M | $4.0M | $4.2M |
| Net cash (debt) | $19.1M | $13.0M | $11.8M | $16.1M | $15.0M | $15.7M | $14.5M | $12.8M | $13.7M | $13.7M | $12.8M | $10.1M |
| Working capital | $32.2M | $23.4M | $23.0M | $25.7M | $25.3M | $24.6M | $23.9M | $24.3M | $22.8M | $22.5M | $22.2M | $19.9M |
| Tangible book value | $44.9M | $34.3M | $33.5M | $34.1M | $34.0M | $32.3M | $31.8M | $33.1M | $31.3M | $31.2M | $31.4M | $29.5M |
| Book value per share | $4.54 | $3.52 | $3.84 | $3.90 | $3.91 | $3.69 | $3.62 | $3.81 | $3.58 | $3.65 | $3.69 | $3.45 |
| Shares outstanding | 9.9M | 9.7M | 8.7M | 8.7M | 8.7M | 8.8M | 8.8M | 8.7M | 8.8M | 8.6M | 8.5M | 8.6M |
| Current ratio | 3.44 | 3.38 | 2.96 | 3.15 | 5.03 | 4.89 | 4.54 | 3.99 | 3.42 | 3.29 | 2.72 | 2.60 |
| Quick ratio | 2.74 | 3.07 | 2.69 | 2.91 | 4.47 | 4.34 | 4.06 | 3.47 | 2.94 | 2.88 | 2.34 | 2.16 |
| Debt / equity | 0.05 | 0.10 | 0.16 | 0.06 | 0.05 | 0.06 | 0.06 | 0.08 | 0.09 | 0.11 | 0.13 | 0.14 |
| Equity / assets | 73.9% | 76.8% | 73.3% | 71.9% | 82.9% | 80.9% | 80.0% | 77.0% | 73.6% | 72.5% | 67.5% | 66.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed September 24, 2026); data from EODHD.
TRT financial position
At the end of fiscal 2026 (June 30, 2026), Trio-Tech International had total assets of $60.7 million (up 47.8% from a year earlier), total liabilities of $17.7 million and shareholders' equity of $44.9 million. It held $21.4 million in cash and short-term investments against $2.4 million of debt, a net cash position of $19.1 million. Its current ratio was 3.44.
Related: TRT income statement, TRT cash flow statement, TRT key metrics. See the TRT stock overview for the latest quote and news.
TRT balance sheet FAQ
What are Trio-Tech International's total assets?
Trio-Tech International reported total assets of $60.7 million at the end of fiscal 2026 (June 30, 2026), compared with $41.1 million a year earlier.
How much debt does Trio-Tech International have?
Trio-Tech International had $2.4 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 0.05.
How much cash does Trio-Tech International have?
Trio-Tech International held $21.4 million in cash and short-term investments at the end of fiscal 2026; with $2.4 million of debt that is net cash of $19.1 million.
What is Trio-Tech International's book value?
Trio-Tech International's shareholders' equity (book value) was $44.9 million at the end of fiscal 2026, or $4.98 per share.
What is Trio-Tech International's current ratio?
Trio-Tech International had current assets of $45.3 million and current liabilities of $13.2 million, a current ratio of 3.44 (it can cover its short-term obligations).