Trinseo PLC (TSE) Balance Sheet
TSE balance sheet, 2025
December 31, 2025 · U.S. dollars$2.28B assets = $3.38B liabilities + −$1.10B equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.10B).
Both columns are drawn to the same scale: what TSE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TSE financial health
Descriptive bands, not a rating. Fiscal 2025.
TSE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.42B2016 | $2.28B2025 | −0.7%/yr | |
| Total liabilities | $1.96B2016 | $3.38B2025 | +6.2%/yr | |
| Shareholders’ equity | $445.1M2016 | −$1.10B2025 | — | |
| Cash & short-term investments | $465.1M2016 | $146.7M2025 | −12.0%/yr | |
| Total debt | $1.17B2016 | $272.4M2025 | −14.9%/yr | |
| Net cash (debt) | −$700.3M2016 | −$125.7M2025 | +$574.6M | |
| Working capital | $890.7M2016 | $150.0M2025 | −$740.7M | |
| Book value per share | $9.372016 | −$30.662025 | — | |
| Current ratio | 2.642016 | 1.212025 | −1.43 | |
| Debt / equity | 2.622016 | 5.702022 | +3.08 | |
| Shares outstanding | 47.5M2016 | 35.8M2025 | −3.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TSE assets
TSE liabilities and equity
TSE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TSE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $146.7M | $209.8M | $259.1M | $211.7M | $573.0M | $588.7M | $456.2M | $452.3M | $432.8M | $465.1M |
| Cash & equivalents | $146.7M | $209.8M | $259.1M | $211.7M | $573.0M | $588.7M | $456.2M | $452.3M | $432.8M | $465.1M |
| Short-term investments | — | — | — | — | $247.8M | $240.0M | — | — | $0 | $0 |
| Receivables | $364.5M | $379.9M | $490.8M | $586.0M | $740.2M | $529.2M | $570.8M | $648.1M | $685.5M | $564.4M |
| Inventory | $316.0M | $347.2M | $404.7M | $553.6M | $621.0M | $324.1M | $438.2M | $510.4M | $510.4M | $385.3M |
| Other current assets | $37.5M | $51.3M | $39.5M | $39.4M | $44.3M | $75.1M | $25.9M | $20.5M | $17.5M | $18.0M |
| Total current assets | $864.7M | $988.2M | $1.19B | $1.39B | $1.98B | $1.52B | $1.49B | $1.63B | $1.65B | $1.43B |
| Property, plant & equipment (net) | $579.8M | $639.7M | $709.0M | $767.2M | $804.3M | $508.9M | $697.2M | $592.1M | $627.0M | $510.0M |
| Goodwill & intangible assets | $560.6M | $658.7M | $757.7M | $1.18B | $1.53B | $224.7M | $259.2M | $260.1M | $280.0M | $206.8M |
| Long-term investments | $206.9M | $222.6M | $252.2M | $255.1M | $247.8M | $240.1M | $188.1M | $179.1M | $152.5M | $191.4M |
| Other non-current assets | $68.2M | $134.9M | $116.2M | $164.8M | $147.7M | $354.4M | $123.2M | $64.2M | $66.3M | $80.2M |
| Total assets | $2.28B | $2.64B | $3.03B | $3.76B | $4.71B | $2.85B | $2.76B | $2.73B | $2.77B | $2.42B |
| Liabilities | ||||||||||
| Accounts payable | $283.9M | $220.4M | $376.0M | $365.3M | $516.8M | $313.9M | $304.6M | $319.9M | $436.8M | $341.9M |
| Short-term debt | $224.5M | $223.8M | $37.2M | $33.1M | $36.9M | $27.7M | $25.2M | $7.0M | $7.0M | $5.0M |
| Deferred revenue | — | — | −$486.9M | — | −$553.7M | $90.0M | — | $16.0M | −$13.6M | −$12.3M |
| Total current liabilities | $714.7M | $720.9M | $672.6M | $689.4M | $914.4M | $533.3M | $527.6M | $537.0M | $626.6M | $542.2M |
| Long-term debt | $2.33B | $2.20B | $2.28B | $2.30B | $2.31B | $1.16B | $1.16B | $1.16B | $1.17B | $1.16B |
| Lease obligations | $59.5M | $66.2M | $68.0M | $60.2M | $69.2M | $65.7M | $72.1M | — | — | — |
| Other long-term liabilities | $330.8M | $342.4M | $347.0M | $348.9M | $479.1M | $562.9M | $399.7M | $260.3M | $305.6M | $261.9M |
| Total liabilities | $3.38B | $3.26B | $3.30B | $3.34B | $3.70B | $2.25B | $2.09B | $1.96B | $2.10B | $1.96B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $500,000 | $500,000 | $500,000 | $500,000 | $488,000 |
| Retained earnings (deficit) | −$1.34B | −$792.8M | −$443.0M | $264.5M | $741.8M | $739.2M | $781.0M | $753.2M | $527.9M | $258.5M |
| Treasury stock | — | — | — | — | −$50.0M | −$542.9M | −$524.9M | −$418.1M | −$286.8M | −$217.5M |
| Accumulated other comprehensive income | −$80.3M | −$142.1M | −$129.6M | −$131.3M | −$147.2M | −$186.1M | −$162.4M | −$142.3M | −$145.6M | −$170.2M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | −$1.10B | −$619.9M | −$268.0M | $420.3M | $1.01B | $590.3M | $668.9M | $768.7M | $674.8M | $445.1M |
| Key figures | ||||||||||
| Total debt | $272.4M | $2.48B | $2.37B | $2.39B | $2.41B | $1.25B | $1.25B | $1.17B | $1.17B | $1.17B |
| Net cash (debt) | −$125.7M | −$2.27B | −$2.11B | −$2.18B | −$1.84B | −$662.6M | −$789.6M | −$715.5M | −$739.2M | −$700.3M |
| Working capital | $150.0M | $267.3M | $521.5M | $701.3M | $1.06B | $983.8M | $963.5M | $1.09B | $1.02B | $890.7M |
| Tangible book value | −$1.66B | −$1.28B | −$1.03B | −$762.1M | −$520.8M | $365.6M | $409.7M | $508.6M | $394.8M | $238.2M |
| Book value per share | −$30.66 | −$17.56 | −$7.59 | $11.71 | $25.58 | $15.29 | $16.43 | $17.59 | $15.00 | $9.37 |
| Shares outstanding | 35.8M | 35.3M | 35.3M | 35.9M | 39.6M | 38.6M | 40.7M | 43.7M | 45.0M | 47.5M |
| Current ratio | 1.21 | 1.37 | 1.78 | 2.02 | 2.16 | 2.84 | 2.83 | 3.04 | 2.63 | 2.64 |
| Quick ratio | 0.72 | 0.82 | 1.11 | 1.16 | 1.44 | 2.10 | 1.95 | 2.05 | 1.78 | 1.90 |
| Debt / equity | — | — | — | 5.70 | 2.38 | 2.12 | 1.86 | 1.52 | 1.74 | 2.62 |
| Equity / assets | −48.1% | −23.4% | −8.8% | 11.2% | 21.5% | 20.7% | 24.2% | 28.2% | 24.3% | 18.4% |
| 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 | $181.4M | $110.6M | $146.7M | $112.1M | $137.0M | $126.1M | $209.8M | $165.3M | $105.6M | $166.4M | $259.1M | $278.6M |
| Cash & equivalents | $181.4M | $110.6M | $146.7M | $112.1M | $137.0M | $126.1M | $209.8M | $165.3M | $105.6M | $166.4M | $259.1M | $278.6M |
| Receivables | $477.4M | $426.2M | $364.5M | $402.6M | $433.9M | $470.5M | $379.9M | $474.5M | $541.9M | $556.5M | $490.8M | $542.1M |
| Inventory | $390.7M | $323.4M | $316.0M | $351.4M | $378.0M | $383.7M | $347.2M | $434.8M | $410.4M | $431.2M | $404.7M | $445.9M |
| Other current assets | $0 | $0 | $0 | $56.3M | $57.0M | $55.7M | $51.3M | $45.1M | $36.0M | $42.6M | $39.5M | $39.7M |
| Total current assets | $1.05B | $860.2M | $827.2M | $922.4M | $1.01B | $1.04B | $988.2M | $1.12B | $1.09B | $1.20B | $1.19B | $1.31B |
| Property, plant & equipment (net) | $1.06B | $1.09B | $1.14B | $641.0M | $1.28B | $635.9M | $639.7M | $682.9M | $667.0M | $684.9M | $709.0M | $705.4M |
| Goodwill & intangible assets | $509.7M | $528.3M | $560.6M | $594.1M | $627.7M | $645.3M | $658.7M | $697.6M | $707.6M | $730.6M | $757.7M | $769.1M |
| Long-term investments | $0 | $0 | $206.9M | $219.1M | $224.0M | $220.8M | $222.6M | $263.0M | $269.0M | $258.4M | $252.2M | $249.2M |
| Other non-current assets | $0 | $0 | $0 | $115.1M | $0 | $117.0M | $134.9M | $119.6M | $110.3M | $118.8M | $116.2M | $241.2M |
| Total assets | $2.50B | $2.31B | $2.28B | $2.49B | $2.63B | $2.65B | $2.64B | $2.88B | $2.85B | $2.99B | $3.03B | $3.27B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | $233.0M | $285.8M | $331.8M | $318.5M | $220.4M | $392.1M | $425.8M | $478.9M | $376.0M | $426.5M |
| Short-term debt | $596.6M | $2.78B | $224.5M | $201.0M | $182.0M | $167.1M | $223.8M | $225.5M | $37.4M | $36.6M | $37.2M | $36.3M |
| Deferred revenue | — | — | — | — | — | — | — | $6.7M | −$463.2M | −$515.5M | −$413.2M | −$462.8M |
| Total current liabilities | $999.2M | $3.20B | $714.7M | $674.2M | $707.7M | $689.3M | $720.9M | $814.2M | $662.1M | $732.0M | $672.6M | $691.5M |
| Long-term debt | $0 | $0 | $2.33B | $2.33B | $2.32B | $2.31B | $2.20B | $2.19B | $2.28B | $2.28B | $2.28B | $2.27B |
| Lease obligations | — | — | $59.5M | $60.4M | $66.0M | $64.9M | $66.2M | $68.1M | $59.2M | $63.0M | $68.0M | $52.4M |
| Other long-term liabilities | $284.3M | $331.7M | $330.8M | $346.1M | $353.3M | $339.8M | $342.4M | $361.3M | $323.7M | $328.7M | $347.0M | $326.9M |
| Total liabilities | $3.85B | $3.53B | $3.38B | $3.35B | $3.38B | $3.33B | $3.26B | $3.36B | $3.26B | $3.34B | $3.30B | $3.29B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 | $400,000 |
| Retained earnings (deficit) | −$1.57B | −$1.46B | −$1.34B | −$1.09B | −$978.1M | −$872.2M | −$792.8M | −$674.6M | −$586.9M | −$518.8M | −$443.0M | −$177.6M |
| Accumulated other comprehensive income | −$95.9M | −$90.5M | −$80.3M | −$94.2M | −$91.2M | −$123.2M | −$142.1M | −$118.1M | −$137.4M | −$137.4M | −$129.6M | −$145.1M |
| Total shareholders' equity | −$1.35B | −$1.22B | −$1.10B | −$861.6M | −$750.3M | −$679.2M | −$619.9M | −$480.0M | −$413.8M | −$348.0M | −$268.0M | −$21.4M |
| Key figures | ||||||||||||
| Total debt | $622.6M | $2.83B | $272.4M | $2.58B | $2.56B | $2.52B | $2.48B | $2.47B | $2.36B | $2.36B | $2.37B | $2.36B |
| Net cash (debt) | −$441.2M | −$2.72B | −$125.7M | −$2.47B | −$2.42B | −$2.40B | −$2.27B | −$2.30B | −$2.25B | −$2.19B | −$2.11B | −$2.08B |
| Working capital | $50.3M | −$2.34B | $112.5M | $248.2M | $298.2M | $346.7M | $267.3M | $305.5M | $431.8M | $464.7M | $521.5M | $614.8M |
| Tangible book value | −$1.86B | −$1.75B | −$1.66B | −$1.46B | −$1.38B | −$1.32B | −$1.28B | −$1.18B | −$1.12B | −$1.08B | −$1.03B | −$790.5M |
| Book value per share | — | −$33.78 | −$30.66 | −$23.93 | −$21.08 | −$19.13 | −$17.51 | −$13.56 | −$11.72 | −$9.86 | −$7.61 | −$0.61 |
| Shares outstanding | — | 36.2M | 35.8M | 36.0M | 35.6M | 35.5M | 35.4M | 35.4M | 35.3M | 35.3M | 35.2M | 35.2M |
| Current ratio | 1.05 | 0.27 | 1.16 | 1.37 | 1.42 | 1.50 | 1.37 | 1.38 | 1.65 | 1.63 | 1.78 | 1.89 |
| Quick ratio | 0.66 | 0.17 | 0.72 | 0.76 | 0.81 | 0.87 | 0.82 | 0.79 | 0.98 | 0.99 | 1.11 | 1.19 |
| Equity / assets | −53.9% | −53.0% | −48.1% | −34.6% | −28.5% | −25.6% | −23.4% | −16.7% | −14.5% | −11.6% | −8.8% | −0.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
TSE financial position
At the end of fiscal 2025 (December 31, 2025), Trinseo had total assets of $2.3 billion (down 13.8% from a year earlier), total liabilities of $3.4 billion and shareholders' equity of -$1.1 billion. It held $146.7 million in cash and short-term investments against $272.4 million of debt, net debt of $125.7 million. Its current ratio was 1.21. In the latest quarter (ended June 30, 2026) total assets were $2.5 billion and equity -$1.3 billion.
Related: TSE income statement, TSE cash flow statement, TSE key metrics. See the TSE stock overview for the latest quote and news.
TSE balance sheet FAQ
What are Trinseo's total assets?
Trinseo reported total assets of $2.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.6 billion a year earlier.
How much debt does Trinseo have?
Trinseo had $272.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Trinseo have?
Trinseo held $146.7 million in cash and short-term investments at the end of fiscal 2025; with $272.4 million of debt that is net debt of $125.7 million.
What is Trinseo's book value?
Trinseo's shareholders' equity (book value) was -$1.1 billion at the end of fiscal 2025, or −$30.66 per share.
What is Trinseo's current ratio?
Trinseo had current assets of $864.7 million and current liabilities of $714.7 million, a current ratio of 1.21 (it can cover its short-term obligations).
How much goodwill does Trinseo have?
Trinseo carried $560.6 million of goodwill and intangible assets, 24.6% of total assets, at the end of fiscal 2025.