TTEC Holdings, Inc. (TTEC) Balance Sheet
TTEC balance sheet, 2025
December 31, 2025 · U.S. dollars$1.50B assets = $1.39B liabilities + $112.9M equity
Both columns are drawn to the same scale: what TTEC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
TTEC financial health
Current ratio1.89
Comfortable · current assets cover current liabilities 1.89×
Debt / equity10.52
High leverage · $10.52 of debt for each $1 of equity
Equity / assets6.3%
Thin equity · of assets funded by shareholders
Cash / debt8.3%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles33.5%
Acquisition-heavy · of total assets
Descriptive bands, not a rating. Fiscal 2025.
TTEC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $846.3M2016 | $1.50B2025 | +6.6%/yr | |
| Total liabilities | $484.4M2016 | $1.39B2025 | +12.4%/yr | |
| Shareholders’ equity | $361.9M2016 | $95.1M2025 | −13.8%/yr | |
| Cash & short-term investments | $55.3M2016 | $82.9M2025 | +4.6%/yr | |
| Total debt | $303.9M2016 | $1.00B2025 | +14.2%/yr | |
| Net cash (debt) | −$248.7M2016 | −$917.5M2025 | −$668.8M | |
| Working capital | $255.1M2016 | $317.4M2025 | +$62.3M | |
| Book value per share | $7.582016 | $1.972025 | −13.9%/yr | |
| Current ratio | 2.432016 | 1.892025 | −0.54 | |
| Debt / equity | 0.842016 | 10.522025 | +9.68 | |
| Shares outstanding | 47.7M2016 | 48.2M2025 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
TTEC assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
TTEC liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
TTEC debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
TTEC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $82.9M | $85.0M | $172.7M | $153.4M | $158.2M | $132.9M | $82.4M | $78.2M | $74.4M | $55.3M |
| Cash & equivalents | $82.9M | $85.0M | $172.7M | $153.4M | $158.2M | $132.9M | $82.4M | $78.2M | $74.4M | $55.3M |
| Short-term investments | — | — | — | — | — | — | — | — | $1.8M | $2.8M |
| Receivables | $466.4M | $474.4M | $413.4M | $463.2M | $405.4M | $419.3M | $371.1M | $351.0M | $385.8M | $300.8M |
| Inventory | $0 | $0 | $1 | $0 | $1 | $1 | $0 | $0 | $7.8M | $10.7M |
| Other current assets | $124.0M | $92.9M | $95.1M | $133.4M | $134.3M | $104.6M | $96.3M | $97.3M | $74.8M | $66.9M |
| Total current assets | $673.4M | $652.3M | $681.2M | $750.0M | $698.0M | $656.8M | $549.8M | $526.5M | $542.8M | $433.7M |
| Property, plant & equipment (net) | $197.8M | $223.3M | $312.6M | $275.8M | $258.6M | $299.5M | $327.4M | $161.5M | $163.3M | $151.0M |
| Goodwill & intangible assets | $502.4M | $736.0M | $1.01B | $1.04B | $951.8M | $475.6M | $417.3M | $285.5M | $298.8M | $160.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $125.5M | $141.8M | $184.4M | $86.4M | $88.4M | $84.5M | $82.2M | $81.0M | $73.9M | $101.1M |
| Total assets | $1.50B | $1.75B | $2.19B | $2.15B | $2.00B | $1.52B | $1.38B | $1.05B | $1.08B | $846.3M |
| Liabilities | ||||||||||
| Accounts payable | $72.6M | $84.2M | $96.6M | $93.9M | $70.4M | $66.7M | $64.4M | $59.4M | $46.0M | $38.2M |
| Short-term debt | $34.2M | $33.4M | $38.3M | $35.3M | $44.5M | $43.7M | $45.2M | $111.7M | $109.2M | $86.6M |
| Deferred revenue | $58.8M | $64.8M | $81.2M | $87.8M | $95.6M | $40.0M | $39.4M | $44.9M | $21.6M | $23.3M |
| Total current liabilities | $356.0M | $353.9M | $403.0M | $411.4M | $444.4M | $396.2M | $363.3M | $235.4M | $200.5M | $178.7M |
| Long-term debt | $905.0M | $975.0M | $995.0M | $960.0M | $791.0M | $385.0M | $290.0M | $282.0M | $344.0M | $217.3M |
| Lease obligations | $95.4M | $104.4M | $135.1M | $104.8M | $108.9M | $141.9M | $172.6M | — | — | — |
| Other long-term liabilities | $125.2M | $156.3M | $172.0M | $148.8M | $167.1M | $224.5M | $291.8M | $184.2M | $171.4M | $88.4M |
| Total liabilities | $1.39B | $1.49B | $1.57B | $1.52B | $1.40B | $1.01B | $945.1M | $701.7M | $715.9M | $484.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $486,000 | $477,000 | $474,000 | $472,000 | $470,000 | $467,000 | $465,000 | $462,000 | $352.2M | $349.2M |
| Retained earnings (deficit) | $354.2M | $546.6M | $870.4M | $911.2M | $856.1M | $757.3M | $773.2M | $725.6M | $721.7M | $735.9M |
| Treasury stock | — | — | — | — | −$597.0M | −$601.2M | −$605.3M | −$610.2M | −$615.7M | −$603.3M |
| Accumulated other comprehensive income | −$106.9M | −$132.1M | −$89.9M | −$126.3M | −$98.4M | −$72.2M | −$106.2M | −$124.6M | −$102.3M | −$127.0M |
| Minority interest | $17.8M | $17.9M | $16.9M | $73.8M | $15.8M | $13.1M | $13.2M | $7.7M | $7.0M | $7.0M |
| Total shareholders' equity | $95.1M | $250.3M | $598.6M | $559.9M | $522.2M | $444.7M | $418.5M | $352.8M | $362.8M | $361.9M |
| Key figures | ||||||||||
| Total debt | $1.00B | $1.08B | $1.13B | $1.06B | $899.9M | $526.9M | $462.6M | $393.7M | $453.2M | $303.9M |
| Net cash (debt) | −$917.5M | −$994.4M | −$957.3M | −$911.4M | −$741.7M | −$394.0M | −$380.2M | −$315.5M | −$378.7M | −$248.7M |
| Working capital | $317.4M | $298.4M | $278.2M | $338.6M | $253.6M | $260.6M | $186.5M | $291.1M | $342.3M | $255.1M |
| Tangible book value | −$407.3M | −$485.8M | −$408.8M | −$481.8M | −$429.6M | −$30.9M | $1.3M | $67.3M | $64.1M | $201.5M |
| Book value per share | $1.97 | $5.26 | $12.62 | $11.83 | $11.02 | $9.46 | $8.95 | $7.61 | $7.82 | $7.58 |
| Shares outstanding | 48.2M | 47.6M | 47.4M | 47.3M | 47.4M | 47.0M | 46.8M | 46.4M | 46.4M | 47.7M |
| Current ratio | 1.89 | 1.84 | 1.69 | 1.82 | 1.57 | 1.66 | 1.51 | 2.24 | 2.71 | 2.43 |
| Quick ratio | 1.54 | 1.58 | 1.45 | 1.50 | 1.27 | 1.39 | 1.25 | 1.82 | 2.30 | 1.99 |
| Debt / equity | 10.52 | 4.31 | 1.89 | 1.90 | 1.72 | 1.18 | 1.11 | 1.12 | 1.25 | 0.84 |
| Equity / assets | 6.3% | 14.3% | 27.4% | 26.0% | 26.2% | 29.3% | 30.4% | 33.5% | 33.6% | 42.8% |
| 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 | $93.9M | $88.7M | $82.9M | $73.5M | $82.6M | $85.1M | $85.0M | $96.9M | $79.8M | $91.5M | $172.7M | $151.6M |
| Cash & equivalents | $93.9M | $88.7M | $82.9M | $73.5M | $82.6M | $85.1M | $85.0M | $96.9M | $79.8M | $91.5M | $172.7M | $151.6M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $2.1M | — | — |
| Receivables | $409.2M | $438.2M | $466.4M | $451.7M | $443.5M | $460.5M | $474.4M | $450.8M | $406.6M | $421.0M | $413.4M | $391.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $1 | $0 |
| Other current assets | $89.1M | $95.1M | $124.0M | $110.4M | $101.6M | $109.6M | $92.9M | $105.4M | $117.1M | $105.0M | $95.1M | $119.0M |
| Total current assets | $592.2M | $622.0M | $673.4M | $635.6M | $627.7M | $655.2M | $652.3M | $653.1M | $603.4M | $617.5M | $681.2M | $662.1M |
| Property, plant & equipment (net) | $174.4M | $180.2M | $197.8M | $207.7M | $213.0M | $208.2M | $223.3M | $246.6M | $255.3M | $298.3M | $312.6M | $312.1M |
| Goodwill & intangible assets | $485.8M | $493.9M | $502.4M | $715.2M | $723.9M | $729.0M | $736.0M | $748.3M | $755.0M | $996.9M | $1.01B | $1.01B |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $121.3M | $116.5M | $125.5M | $123.1M | $130.4M | $133.8M | $141.8M | $178.3M | $178.9M | $202.3M | $184.4M | $180.8M |
| Total assets | $1.37B | $1.41B | $1.50B | $1.68B | $1.70B | $1.73B | $1.75B | $1.83B | $1.79B | $2.12B | $2.19B | $2.17B |
| Liabilities | ||||||||||||
| Accounts payable | $66.5M | $65.8M | $72.6M | $78.1M | $71.6M | $77.4M | $84.2M | $82.3M | $87.1M | $90.5M | $96.6M | $105.5M |
| Short-term debt | $30.3M | $32.0M | $35.3M | $34.2M | $34.0M | $32.1M | $33.4M | $35.2M | $35.6M | $36.5M | $38.3M | $37.3M |
| Deferred revenue | $59.6M | $60.2M | $58.8M | $69.4M | $69.5M | $70.7M | $64.8M | $70.8M | $77.8M | $87.8M | $81.2M | $82.5M |
| Total current liabilities | $317.3M | $309.0M | $356.0M | $363.1M | $355.3M | $334.3M | $353.9M | $338.6M | $387.7M | $384.2M | $403.0M | $422.8M |
| Long-term debt | $855.0M | $889.0M | $905.0M | $882.5M | $882.5M | $964.0M | $975.0M | $1.02B | $930.0M | $953.0M | $995.0M | $964.0M |
| Lease obligations | $78.4M | $84.4M | $95.4M | $101.0M | $112.1M | $97.4M | $104.4M | $115.1M | $119.5M | $126.7M | $135.1M | $135.2M |
| Other long-term liabilities | $110.5M | $112.9M | $125.2M | $155.2M | $162.1M | $146.4M | $156.3M | $167.5M | $170.8M | $165.4M | $172.0M | $173.9M |
| Total liabilities | $1.28B | $1.31B | $1.39B | $1.40B | $1.40B | $1.44B | $1.49B | $1.53B | $1.49B | $1.50B | $1.57B | $1.56B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $492,000 | $487,000 | $486,000 | $485,000 | $484,000 | $478,000 | $477,000 | $477,000 | $476,000 | $474,000 | $474,000 | $474,000 |
| Retained earnings (deficit) | $331.2M | $346.5M | $354.2M | $526.6M | $540.0M | $548.0M | $546.6M | $544.6M | $565.7M | $865.3M | $870.4M | $880.3M |
| Accumulated other comprehensive income | −$111.3M | −$113.7M | −$106.9M | −$108.2M | −$104.1M | −$123.0M | −$132.1M | −$99.7M | −$107.6M | −$93.7M | −$89.9M | −$103.0M |
| Minority interest | $18.6M | $18.2M | $17.8M | $17.4M | $17.3M | — | — | — | — | — | — | — |
| Total shareholders' equity | $72.2M | $83.5M | $95.1M | $263.4M | $277.9M | $264.0M | $250.3M | $277.3M | $286.5M | $595.3M | $598.6M | $586.2M |
| Key figures | ||||||||||||
| Total debt | $933.4M | $973.4M | $1.06B | $983.5M | $994.6M | $1.06B | $1.08B | $1.14B | $1.05B | $1.08B | $1.13B | $1.10B |
| Net cash (debt) | −$839.5M | −$884.6M | −$980.0M | −$910.0M | −$912.0M | −$976.2M | −$994.4M | −$1.04B | −$969.7M | −$988.2M | −$957.3M | −$947.6M |
| Working capital | $274.9M | $313.0M | $317.4M | $272.5M | $272.4M | $320.9M | $298.4M | $314.4M | $215.8M | $233.3M | $278.2M | $239.3M |
| Tangible book value | −$413.6M | −$410.3M | −$407.3M | −$451.8M | −$446.0M | −$465.0M | −$485.8M | −$471.0M | −$468.4M | −$401.6M | −$408.8M | −$427.0M |
| Book value per share | $1.48 | $1.72 | $1.97 | $5.44 | $5.78 | $5.47 | $5.20 | $5.79 | $6.02 | $12.51 | $12.62 | $12.34 |
| Shares outstanding | 48.9M | 48.6M | 48.2M | 48.5M | 48.1M | 48.2M | 48.1M | 47.9M | 47.6M | 47.6M | 47.4M | 47.5M |
| Current ratio | 1.87 | 2.01 | 1.89 | 1.75 | 1.77 | 1.96 | 1.84 | 1.93 | 1.56 | 1.61 | 1.69 | 1.57 |
| Quick ratio | 1.59 | 1.71 | 1.54 | 1.45 | 1.48 | 1.63 | 1.58 | 1.62 | 1.25 | 1.33 | 1.45 | 1.28 |
| Debt / equity | 12.93 | 11.65 | 11.18 | 3.73 | 3.58 | 4.02 | 4.31 | 4.11 | 3.66 | 1.81 | 1.89 | 1.88 |
| Equity / assets | 5.3% | 5.9% | 6.3% | 15.7% | 16.4% | 15.3% | 14.3% | 15.2% | 16.0% | 28.1% | 27.4% | 27.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
TTEC financial position
At the end of fiscal 2025 (December 31, 2025), TTEC had total assets of $1.5 billion (down 14.5% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $95.1 million. It held $82.9 million in cash and short-term investments against $1.0 billion of debt, net debt of $917.5 million. Its current ratio was 1.89. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $72.2 million.
Related: TTEC income statement, TTEC cash flow statement, TTEC key metrics. See the TTEC stock overview for the latest quote and news.
TTEC balance sheet FAQ
What are TTEC's total assets?
TTEC reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.8 billion a year earlier.
How much debt does TTEC have?
TTEC had $1.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 10.52.
How much cash does TTEC have?
TTEC held $82.9 million in cash and short-term investments at the end of fiscal 2025; with $1.0 billion of debt that is net debt of $917.5 million.
What is TTEC's book value?
TTEC's shareholders' equity (book value) was $95.1 million at the end of fiscal 2025, or $1.97 per share.
What is TTEC's current ratio?
TTEC had current assets of $673.4 million and current liabilities of $356.0 million, a current ratio of 1.89 (it can cover its short-term obligations).
How much goodwill does TTEC have?
TTEC carried $502.4 million of goodwill and intangible assets, 33.5% of total assets, at the end of fiscal 2025.