TOYO Co. (TOYO) Balance Sheet: Assets & Liabilities

TOYO Co. (TOYO) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2025), TOYO Co. reported total assets of $441.43M and total liabilities of $330.18M. Shareholders' equity was $111.26M, up 87.8% from $59.24M a year earlier. Total debt stood at $73.46M against $51.63M in cash and short-term investments, a net debt position of $21.83M. That puts debt-to-equity at 0.66, compared with 1.24 a year earlier.

TOYO Co. 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 TOYO Co., Ltd. (TOYO) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021
Period ending	Mar 2026	Dec 2025	Dec 2024	Dec 2023	Jun 2023	Dec 2022	Jun 2022
Current Assets
Cash and Cash Equivalents	51.63	51.63	13.65	18.04	2.07	2.07	0.28
Cash & Short-Term Investments	51.63	51.63	13.65	18.04	2.07	2.07	0.28
Accounts Receivable	11.75	11.75	18.75	0.00	0.00	-	0.00
Inventory	79.99	80.06	19.98	64.40	0.00	-	0.00
Other Current Assets	28.48	28.48	3.00	24.72	0.00	-	0.03
Total Current Assets	171.85	171.85	55.39	82.75	2.07	2.07	0.31
Non-Current Assets
Property, Plant & Equipment (Net)	255.00	255.00	165.67	143.32	0.71	0.71	0.00
Long-Term Investments	0.00	-	1.62	42.40	0.00	-	93.55
Other Non-Current Assets	14.41	14.59	17.13	12.21	8.15	8.15	0.00
Total Non-Current Assets	269.59	269.59	184.41	155.53	8.86	8.86	93.55
Total Assets	441.43	441.43	239.80	238.28	10.92	10.92	93.86
Current Liabilities
Accounts Payable	55.65	117.97	17.63	134.09	1.08	1.08	0.00
Short-Term Debt	38.99	30.65	18.25	92.05	0.00	-	0.00
Current Portion of Long-Term Debt	-	5.47	-	-	-	-	-
Accrued Liabilities	-	15.42	3.39	5.61	-	1.73	-
Deferred Revenue	107.94	107.94	23.73	29.35	0.00	-	0.00
Other Current Liabilities	77.74	15.39	64.64	5.69	1.79	0.07	0.08
Total Current Liabilities	295.70	295.70	125.03	169.19	2.88	2.88	0.08
Non-Current Liabilities
Long-Term Debt	34.47	34.47	55.33	11.82	0.20	0.20	0.00
Other Non-Current Liabilities	0.00	-	0.00	0.00	0.00	-	3.22
Total Non-Current Liabilities	34.47	34.47	55.33	12.19	0.20	0.20	3.22
Total Liabilities	330.18	330.18	180.36	181.39	3.08	3.08	3.30
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	93.05
Retained Earnings	89.98	89.98	50.32	9.70	-0.19	-0.19	-2.49
Accumulated Other Comprehensive Income	-7.50	-7.50	-5.49	-2.81	0.40	0.40	0.00
Additional Paid-in Capital	28.78	28.78	14.41	50.00	7.64	7.64	0.00
Minority Interest	0.00	-	0.20	0.00	0.00	-	0.00
Shares Outstanding	-	36.71	46.60	46.10	-	44.34	-
Total Stockholders' Equity	111.26	111.26	59.24	56.90	7.85	7.85	90.56
Total Liabilities & Equity	441.43	441.43	239.80	238.28	70.72	10.92	93.86

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

Frequently Asked Questions About TOYO Co. Balance Sheet

How much debt does TOYO Co. have?

TOYO Co. had total debt of $73.46M as of Mar 31, 2026, against $51.63M in cash and short-term investments. Its debt-to-equity ratio was 0.66. Total debt was $73.57M a year earlier.

What are TOYO Co.'s total assets?

TOYO Co. reported total assets of $441.43M as of Mar 31, 2026, up 84.1% from $239.80M a year earlier. Total liabilities were $330.18M.

What is TOYO Co.'s shareholders' equity?

TOYO Co.'s shareholders' equity was $111.26M as of Mar 31, 2026.

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. Full definition