Titan America SA (TTAM) Balance Sheet
TTAM balance sheet, 2025
December 31, 2025 · U.S. dollars$1.89B assets = $859.8M liabilities + $1.03B equity
Both columns are drawn to the same scale: what TTAM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TTAM financial health
Descriptive bands, not a rating. Fiscal 2025.
TTAM balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.45B2022 | $1.89B2025 | +9.4%/yr | |
| Total liabilities | $854.5M2022 | $859.8M2025 | +0.2%/yr | |
| Shareholders’ equity | $592.7M2022 | $1.03B2025 | +20.4%/yr | |
| Cash & short-term investments | $29.8M2022 | $211.8M2025 | +92.2%/yr | |
| Total debt | $462.1M2022 | $462.4M2025 | +0.0%/yr | |
| Net cash (debt) | −$432.3M2022 | −$250.7M2025 | +$181.6M | |
| Working capital | $31.4M2022 | $408.7M2025 | +$377.3M | |
| Book value per share | $3.222022 | $5.642025 | +20.6%/yr | |
| Current ratio | 1.102022 | 3.032025 | +1.93 | |
| Debt / equity | 0.782022 | 0.452025 | −0.33 | |
| Shares outstanding | 184.4M2022 | 183.5M2025 | −0.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TTAM assets
TTAM liabilities and equity
TTAM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TTAM balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $211.8M | $12.1M | $22.0M | $29.8M |
| Cash & equivalents | $211.8M | $12.1M | $22.0M | $29.8M |
| Short-term investments | — | $1.3M | — | — |
| Receivables | $153.7M | $128.4M | $127.4M | $115.0M |
| Inventory | $226.4M | $227.6M | $190.0M | $180.8M |
| Other current assets | $18.1M | $16.1M | $33.5M | $31.3M |
| Total current assets | $610.0M | $384.3M | $372.9M | $356.9M |
| Property, plant & equipment (net) | $996.2M | $916.4M | $862.5M | $809.9M |
| Goodwill & intangible assets | $250.6M | $251.7M | $254.8M | $257.6M |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $37.2M | $13.8M | $8.7M | $22.8M |
| Total assets | $1.89B | $1.57B | $1.50B | $1.45B |
| Liabilities | ||||
| Accounts payable | $144.7M | $139.8M | $151.2M | $175.4M |
| Short-term debt | $16.6M | $46.0M | $279.4M | $87.9M |
| Deferred revenue | $9.0M | $6.3M | $4.7M | $4.2M |
| Total current liabilities | $201.2M | $239.0M | $492.0M | $325.5M |
| Long-term debt | $390.4M | $358.2M | $76.3M | $320.2M |
| Lease obligations | $66.6M | $68.4M | $65.5M | $67.6M |
| Other long-term liabilities | $268.1M | $219.0M | $210.8M | $208.9M |
| Total liabilities | $859.8M | $816.2M | $779.0M | $854.5M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $1.84B | $1.75B | $25.2M | $25.2M |
| Retained earnings (deficit) | $777.7M | $597.3M | $518.6M | $398.7M |
| Accumulated other comprehensive income | −$2.45B | −$2.45B | $7.1M | $2.8M |
| Total shareholders' equity | $1.03B | $750.0M | $719.8M | $592.7M |
| Key figures | ||||
| Total debt | $462.4M | $460.2M | $409.4M | $462.1M |
| Net cash (debt) | −$250.7M | −$448.1M | −$387.4M | −$432.3M |
| Working capital | $408.7M | $145.2M | −$119.1M | $31.4M |
| Tangible book value | $783.5M | $498.3M | $465.0M | $335.1M |
| Book value per share | $5.64 | $4.07 | $3.90 | $3.22 |
| Shares outstanding | 183.5M | 184.4M | 184.4M | 184.4M |
| Current ratio | 3.03 | 1.61 | 0.76 | 1.10 |
| Quick ratio | 1.82 | 0.59 | 0.30 | 0.45 |
| Debt / equity | 0.45 | 0.61 | 0.57 | 0.78 |
| Equity / assets | 54.6% | 47.9% | 48.0% | 41.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $65.7M | $228.2M | $211.8M | $195.6M | $148.9M | $143.2M | $12.1M | $12.1M | $22.0M |
| Cash & equivalents | $36.4M | $228.2M | $211.8M | $195.6M | $148.8M | $143.2M | $12.1M | $12.1M | $22.0M |
| Short-term investments | $29.3M | — | — | — | $142,000 | — | — | — | — |
| Receivables | $215.3M | $180.5M | $153.7M | $166.7M | $170.2M | $162.4M | $48.1M | $129.6M | $127.4M |
| Inventory | $231.9M | $222.1M | $226.4M | $216.2M | $219.4M | $220.1M | $227.6M | $208.5M | $190.0M |
| Other current assets | $17.6M | $17.2M | $18.1M | $11.4M | $10.1M | $12.6M | $96.4M | $22.3M | $33.5M |
| Total current assets | $530.6M | $648.0M | $610.0M | $590.0M | $548.6M | $538.4M | $384.3M | $372.5M | $372.9M |
| Property, plant & equipment (net) | $1.31B | $1.00B | $996.2M | $972.8M | $954.2M | $921.9M | $916.4M | $912.0M | $862.5M |
| Goodwill & intangible assets | $292.4M | $250.1M | $251.7M | $250.4M | $250.6M | $251.3M | $251.7M | $252.0M | $254.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $36.5M | $29.0M | $36.0M | $38.2M | $38.2M | $12.6M | $13.8M | $11.0M | $8.7M |
| Total assets | $2.16B | $1.93B | $1.89B | $1.85B | $1.79B | $1.72B | $1.57B | $1.55B | $1.50B |
| Liabilities | |||||||||
| Accounts payable | $192.7M | $150.3M | $144.7M | $134.0M | $149.7M | $133.7M | $139.8M | $124.5M | $151.2M |
| Short-term debt | $16.1M | $16.6M | $16.6M | $17.5M | $28.5M | $49.0M | — | $153.7M | $279.4M |
| Deferred revenue | — | $9.0M | — | — | — | $9.3M | — | $618,000 | $4.7M |
| Total current liabilities | $254.7M | $216.8M | $201.2M | $199.9M | $210.9M | $233.6M | $239.0M | $341.3M | $492.0M |
| Long-term debt | $502.0M | $382.1M | $390.4M | $390.1M | $389.3M | $359.2M | $358.2M | $227.9M | $76.3M |
| Lease obligations | $67.3M | $67.3M | $66.6M | $68.2M | $66.0M | $65.8M | $68.4M | $69.5M | $65.5M |
| Other long-term liabilities | $319.6M | $269.7M | $268.1M | $266.8M | $247.4M | $215.0M | $219.0M | $215.7M | $210.8M |
| Total liabilities | $1.08B | $868.7M | $859.8M | $856.8M | $847.6M | $807.7M | $816.2M | $784.9M | $779.0M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | — | $1.84B | — | $994.6M | — | $1.75B | — | $25.4M | $25.2M |
| Retained earnings (deficit) | — | $777.7M | $777.7M | — | — | $597.3M | $597.3M | $560.3M | $518.6M |
| Accumulated other comprehensive income | — | −$2.45B | — | — | — | −$2.45B | — | $8.4M | $7.1M |
| Total shareholders' equity | $1.09B | $1.06B | $1.03B | $994.6M | $944.0M | $916.4M | $750.0M | $762.7M | $719.8M |
| Key figures | |||||||||
| Total debt | $574.1M | $455.2M | $462.4M | $464.5M | $471.8M | $462.0M | $358.2M | $439.2M | $409.4M |
| Net cash (debt) | −$508.4M | −$227.0M | −$250.7M | −$268.8M | −$322.8M | −$318.7M | −$346.1M | −$427.0M | −$387.4M |
| Working capital | $275.9M | $431.2M | $408.7M | $390.1M | $337.7M | $304.8M | $145.2M | $31.2M | −$119.1M |
| Tangible book value | $796.1M | $811.3M | $782.3M | $744.2M | $693.4M | $665.1M | $498.3M | $510.7M | $465.0M |
| Book value per share | $5.90 | $5.75 | $5.60 | $5.39 | $5.12 | $5.08 | $4.07 | $4.14 | $3.90 |
| Shares outstanding | 184.6M | 184.5M | 184.5M | 184.4M | 184.4M | 180.3M | 184.4M | 184.4M | 184.4M |
| Current ratio | 2.08 | 2.99 | 3.03 | 2.95 | 2.60 | 2.30 | 1.61 | 1.09 | 0.76 |
| Quick ratio | 1.10 | 1.89 | 1.82 | 1.81 | 1.51 | 1.31 | 0.25 | 0.42 | 0.30 |
| Debt / equity | 0.53 | 0.43 | 0.45 | 0.47 | 0.50 | 0.50 | 0.48 | 0.58 | 0.57 |
| Equity / assets | 50.3% | 55.0% | 54.6% | 53.7% | 52.7% | 53.2% | 47.9% | 49.3% | 48.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 24, 2026); data from EODHD.
TTAM financial position
At the end of fiscal 2025 (December 31, 2025), Titan America had total assets of $1.9 billion (up 20.9% from a year earlier), total liabilities of $859.8 million and shareholders' equity of $1.0 billion. It held $211.8 million in cash and short-term investments against $462.4 million of debt, net debt of $250.7 million. Its current ratio was 3.03. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $1.1 billion.
Related: TTAM income statement, TTAM cash flow statement, TTAM key metrics. See the TTAM stock overview for the latest quote and news.
TTAM balance sheet FAQ
What are Titan America's total assets?
Titan America reported total assets of $1.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does Titan America have?
Titan America had $462.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.45.
How much cash does Titan America have?
Titan America held $211.8 million in cash and short-term investments at the end of fiscal 2025; with $462.4 million of debt that is net debt of $250.7 million.
What is Titan America's book value?
Titan America's shareholders' equity (book value) was $1.0 billion at the end of fiscal 2025, or $5.64 per share.
What is Titan America's current ratio?
Titan America had current assets of $610.0 million and current liabilities of $201.2 million, a current ratio of 3.03 (it can cover its short-term obligations).
How much goodwill does Titan America have?
Titan America carried $250.6 million of goodwill and intangible assets, 13.2% of total assets, at the end of fiscal 2025.