How much debt does TON Strategy Company have?

TON Strategy Company had total debt of $209.00K as of Dec 31, 2025, against $39.49M in cash and short-term investments. Its debt-to-equity ratio was 0.00. Total debt was $118.00K a year earlier.

What are TON Strategy Company's total assets?

TON Strategy Company reported total assets of $411.16M as of Dec 31, 2025, up 1892.6% from $20.64M a year earlier. Total liabilities were $4.77M.

What is TON Strategy Company's shareholders' equity?

TON Strategy Company's shareholders' equity was $406.39M as of Dec 31, 2025, or about $7.19 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.

TON Strategy Company (TONX) Balance Sheet: Assets & Liabilities

TON Strategy Company 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 TON Strategy Company (TONX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	39.49	7.62	4.35	2.43	2.43	0.94	0.94	1.82	1.82	0.98	0.63	0.01
Short-Term Investments	0.00	4.91	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Cash & Short-Term Investments	39.49	12.53	4.35	2.43	2.43	0.94	0.94	1.82	1.82	0.98	0.63	0.01
Accounts Receivable	0.44	0.35	0.00	0.00	1.02	1.38	1.38	0.92	0.92	1.27	0.00	0.00
Inventory	0.00	0.00	0.00	0.00	-	0.03	0.03	0.03	0.03	0.10	0.00	0.00
Other Current Assets	1.70	1.13	0.33	1.63	0.31	0.85	0.88	0.90	0.90	0.24	0.08	0.04
Total Current Assets	42.36	16.47	4.68	4.06	4.06	3.19	3.19	3.67	3.67	2.59	0.72	0.05
Non-Current Assets
Property, Plant & Equipment (Net)	0.39	0.67	0.26	8.06	1.89	2.88	2.88	3.59	3.59	4.00	0.01	0.03
Long-Term Investments	356.81	0.00	0.00	1.53	-	0.00	-	0.00	-	0.00	0.00	0.00
Goodwill	5.17	0.00	0.00	0.00	9.58	19.76	19.76	20.06	20.06	16.34	0.00	0.00
Intangible Assets	0.05	3.17	4.11	0.08	6.26	8.30	8.30	5.15	5.15	5.37	0.00	0.00
Other Non-Current Assets	6.78	3.99	1.79	10.76	10.76	0.29	0.29	0.07	0.07	0.07	0.17	0.01
Total Non-Current Assets	368.80	4.17	6.16	20.43	20.43	31.24	31.24	28.87	-	25.77	0.18	0.04
Total Assets	411.16	20.64	10.84	24.49	24.49	34.43	34.43	32.54	32.54	28.36	0.90	0.09
Current Liabilities
Accounts Payable	2.14	0.73	1.41	3.98	3.98	3.75	3.75	2.57	2.57	4.34	1.15	0.67
Short-Term Debt	0.13	0.02	1.79	6.16	5.80	0.63	0.04	1.67	1.08	1.24	0.93	3.11
Current Portion of Long-Term Debt	-	0.02	1.79	-	4.47	-	0.04	-	1.08	-	-	-
Accrued Liabilities	1.66	3.29	3.93	-	1.29	-	3.50	-	3.99	-	-	-
Deferred Revenue	0.16	0.13	0.00	2.98	2.98	5.17	5.17	0.38	0.27	0.00	0.23	0.86
Other Current Liabilities	0.50	3.29	0.00	3.42	4.35	8.39	3.16	12.25	8.27	5.64	2.81	2.11
Total Current Liabilities	4.59	4.29	7.19	16.53	16.53	17.94	17.94	16.88	16.88	11.22	4.89	5.88
Non-Current Liabilities
Long-Term Debt	0.08	0.10	0.36	2.80	1.22	3.17	0.88	4.40	1.46	4.66	1.07	0.00
Other Non-Current Liabilities	0.10	0.00	0.00	0.00	-	0.00	-	0.52	0.52	1.04	0.00	0.00
Total Non-Current Liabilities	0.18	0.32	0.53	2.80	2.80	3.17	3.17	4.92	-	5.70	1.07	3.77
Total Liabilities	4.77	4.61	7.71	19.33	19.33	21.11	21.11	21.80	21.80	16.91	5.95	5.88
Stockholders' Equity
Common Stock	0.01	0.00	0.00	0.00	0.00	0.01	0.01	3.07	3.07	0.00	0.00	0.01
Retained Earnings	-336.73	-187.09	-175.62	-153.46	-153.46	-116.03	-116.03	-81.54	-81.54	-56.59	-40.67	-28.54
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	-	0.00	-	0.00	-	-	-0.10	-0.08
Additional Paid-in Capital	743.11	203.30	175.77	158.63	158.63	129.34	129.34	89.22	-	68.03	35.71	22.75
Minority Interest	-0.09	-0.18	0.00	0.00	-	0.00	-	0.00	-	0.00	0.00	0.00
Shares Outstanding	56.53	0.99	0.11	-	0.01	-	0.01	-	-	-	-	-
Total Stockholders' Equity	406.40	16.02	3.13	5.17	5.17	13.32	13.32	10.75	10.75	11.45	-5.06	-5.79
Total Liabilities & Equity	411.16	20.64	10.84	24.49	24.49	34.43	34.43	32.54	-	28.36	0.90	0.09

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

TON Strategy Company Balance Sheet Analysis

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