How much debt does Bel Fuse have?

Bel Fuse had total debt of $205.53M as of Dec 31, 2025, against $57.80M in cash and short-term investments. Its debt-to-equity ratio was 0.40. Total debt was $295.45M a year earlier.

What are Bel Fuse's total assets?

Bel Fuse reported total assets of $935.20M as of Dec 31, 2025, down 1.5% from $949.79M a year earlier. Total liabilities were $416.53M.

What is Bel Fuse's shareholders' equity?

Bel Fuse's shareholders' equity was $518.67M as of Dec 31, 2025, or about $40.97 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry.

Bel Fuse (BELFA) Balance Sheet: Assets & Liabilities

Bel Fuse Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Bel Fuse Inc. (BELFA) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	57.80	68.25	89.37	70.27	61.76	84.94	72.29	53.91	69.35
Short-Term Investments	0.00	0.95	37.55	0.00	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	57.80	69.20	126.92	70.27	61.76	84.94	72.29	53.91	69.35
Accounts Receivable	121.49	111.38	84.13	125.52	87.14	85.51	92.41	107.74	78.81
Inventory	167.27	161.37	136.54	172.47	139.38	100.13	107.28	120.07	107.72
Other Current Assets	28.45	26.59	19.82	13.16	12.47	9.64	11.21	8.79	10.22
Total Current Assets	384.76	373.53	381.48	381.41	329.02	280.22	283.18	290.51	266.10
Non-Current Assets
Property, Plant & Equipment (Net)	71.30	73.00	57.01	58.38	59.46	48.72	60.45	43.93	43.50
Long-Term Investments	0.91	12.20	10.28	5.54	0.00	0.00	0.00	-0.50	-4.16
Goodwill	214.82	208.04	26.64	25.10	26.65	23.97	21.99	19.82	20.18
Intangible Assets	217.97	231.95	49.39	54.11	61.00	65.79	72.37	62.69	69.37
Other Non-Current Assets	46.36	51.07	33.12	28.64	31.26	29.47	27.20	26.58	32.13
Total Non-Current Assets	550.44	576.26	190.15	179.06	182.83	173.65	185.74	153.02	165.17
Total Assets	935.20	949.79	571.63	560.47	511.85	453.87	468.92	443.52	431.27
Current Liabilities
Accounts Payable	52.99	49.18	40.44	64.59	65.96	39.77	44.17	56.17	47.95
Short-Term Debt	8.03	7.95	6.35	6.32	6.88	5.29	12.87	2.51	2.64
Current Portion of Long-Term Debt	-	-	-	-	-	5.29	-	-	-
Accrued Liabilities	49.71	53.03	50.07	40.74	31.17	27.47	-	-	-
Deferred Revenue	9.77	6.12	3.05	8.85	2.22	2.08	0.00	0.00	0.00
Other Current Liabilities	16.72	17.90	9.16	56.55	4.72	6.14	33.18	47.35	36.71
Total Current Liabilities	127.45	128.07	110.61	136.30	112.01	87.54	90.22	106.03	87.30
Non-Current Liabilities
Long-Term Debt	197.50	287.50	60.00	112.35	112.50	110.29	149.97	111.71	120.05
Deferred Tax Liabilities	29.68	28.92	1.46	1.26	1.49	1.03	1.73	1.16	1.57
Other Non-Current Liabilities	74.84	76.17	5.10	48.21	10.09	35.73	58.96	48.16	64.39
Total Non-Current Liabilities	288.21	381.43	120.46	161.82	191.09	180.53	210.65	161.02	186.01
Total Liabilities	416.53	508.63	231.07	298.12	303.10	268.07	300.87	267.05	273.31
Stockholders' Equity
Common Stock	1.27	1.26	1.28	1.28	1.25	1.24	1.23	1.23	1.20
Retained Earnings	403.10	345.03	307.51	237.19	187.94	166.49	157.06	168.70	147.81
Accumulated Other Comprehensive Income	-17.17	-17.23	-12.04	-16.55	-18.86	-18.06	-24.07	-24.84	-19.63
Treasury Stock	-	-	0.45	0.35	-	-	-	-	-
Additional Paid-in Capital	38.32	31.51	44.26	40.42	38.42	36.14	33.83	31.39	28.58
Minority Interest	93.16	80.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Shares Outstanding	12.66	12.54	12.76	12.78	12.52	-	-	-	-
Total Stockholders' Equity	518.67	441.16	340.56	262.35	208.74	185.80	168.05	176.47	157.96
Total Liabilities & Equity	935.20	949.79	571.63	560.47	511.85	453.87	468.92	443.52	431.27

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Bel Fuse Balance Sheet Analysis

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