How much debt does T3 Defense have?

T3 Defense had total debt of $1.70M as of Dec 31, 2025, against $4.15M in cash and short-term investments. Total debt was $1.65M a year earlier.

What are T3 Defense's total assets?

T3 Defense reported total assets of $202.39M as of Dec 31, 2025, up 20446.8% from $985.00K a year earlier. Total liabilities were $45.19M.

What is T3 Defense's shareholders' equity?

T3 Defense's shareholders' equity was negative at −$19.79M as of Dec 31, 2025, so its liabilities exceeded its assets.

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.

T3 Defense (DFNS) Balance Sheet: Assets & Liabilities

T3 Defense Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Balance sheet showing assets, liabilities, and shareholders' equity for T3 Defense Inc. (DFNS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Sep 2024	Sep 2023	Sep 2022	Dec 2021	Sep 2021	Dec 2020	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Current Assets
Cash and Cash Equivalents	3.90	0.00	0.01	0.36	0.28	0.40	0.71	0.08	0.02	0.26	0.05
Short-Term Investments	0.25	0.62	0.00	0.25	-	1.17	-	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	4.15	0.00	0.01	0.61	0.28	1.57	0.71	0.08	0.02	0.26	0.05
Accounts Receivable	0.51	0.04	2.04	0.97	-	2.68	-	0.00	0.00	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Other Current Assets	0.10	0.93	0.71	0.09	0.02	0.81	0.01	3.72	0.19	0.05	1.06
Total Current Assets	13.56	0.97	2.93	3.69	47.67	5.06	46.73	3.80	0.20	0.31	1.10
Non-Current Assets
Property, Plant & Equipment (Net)	0.92	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Long-Term Investments	172.78	0.00	0.39	6.60	-	0.00	-	0.00	0.00	0.00	0.00
Goodwill	7.69	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Intangible Assets	7.40	0.02	0.03	8.08	-	10.75	-	0.00	0.00	0.00	0.00
Other Non-Current Assets	172.82	0.02	0.00	0.00	47.39	0.00	46.00	0.00	0.18	0.00	0.00
Total Non-Current Assets	188.83	0.02	0.42	14.68	-	10.75	-	0.00	0.18	0.00	0.00
Total Assets	202.39	0.98	3.35	18.36	47.67	15.81	46.73	3.80	0.20	0.31	1.10
Current Liabilities
Accounts Payable	0.12	1.03	6.95	0.05	0.31	0.05	0.03	0.00	0.00	0.00	0.00
Short-Term Debt	0.85	0.69	0.00	0.00	1.62	0.00	0.24	0.24	0.18	0.00	0.00
Current Portion of Long-Term Debt	0.84	2.35	-	-	-	-	-	-	-	-	-
Accrued Liabilities	1.65	2.16	0.73	0.44	-	-	-	-	-	-	-
Deferred Revenue	0.00	0.17	0.15	0.20	-	0.05	-	0.00	0.00	0.00	0.00
Other Current Liabilities	24.63	0.85	1.44	2.27	-	6.55	0.06	4.95	1.07	0.63	0.43
Total Current Liabilities	43.55	7.07	9.12	7.47	1.93	6.66	0.33	5.19	1.25	0.63	0.43
Non-Current Liabilities
Long-Term Debt	0.85	0.97	0.42	0.00	-	0.00	-	0.00	0.00	0.24	0.97
Deferred Tax Liabilities	0.65	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Other Non-Current Liabilities	0.65	0.05	0.00	0.00	0.18	0.00	0.25	0.00	0.25	0.00	0.06
Total Non-Current Liabilities	1.64	1.01	0.42	0.00	0.18	0.00	0.25	0.00	0.25	0.24	1.02
Total Liabilities	45.19	8.08	9.55	7.47	2.12	6.66	0.58	5.19	1.50	0.87	1.46
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	3.88	0.03	3.88	0.02	0.02	0.02	0.02
Retained Earnings	-122.53	-40.29	-31.77	-14.34	-5.71	-2.50	-3.73	-1.56	-1.46	-0.73	-0.52
Accumulated Other Comprehensive Income	0.00	-0.14	0.03	0.06	-	0.01	-	-0.25	0.00	-0.24	0.00
Additional Paid-in Capital	102.74	33.33	25.54	25.17	-	11.61	-	0.14	0.14	0.14	0.14
Minority Interest	176.99	0.00	0.00	0.00	-	0.00	-	0.00	0.00	0.00	0.00
Shares Outstanding	0.15	0.02	0.37	0.37	-	-	-	-	-	-	-
Total Stockholders' Equity	-19.79	-7.10	-6.19	10.89	-1.83	9.16	0.15	-1.39	-1.29	-0.56	-0.35
Total Liabilities & Equity	202.39	0.98	3.35	18.36	-	15.81	-	3.80	0.20	0.31	1.10

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

T3 Defense Balance Sheet Analysis

Frequently Asked Questions About T3 Defense Balance Sheet