Trio Petroleum (TPET) Balance Sheet: Assets & Liabilities

Trio Petroleum (TPET) Balance Sheet

As of Oct 31, 2025 (end of fiscal 2025), Trio Petroleum reported total assets of $13.21M and total liabilities of $1.91M. Shareholders' equity was $11.30M, up 25.0% from $9.04M a year earlier. Total debt stood at $467.18K against $882.16K in cash and short-term investments, a net cash position of $414.98K. That puts debt-to-equity at 0.04, compared with 0.10 a year earlier.

Trio Petroleum 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 Trio Petroleum Corp. (TPET) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Current Assets
Cash and Cash Equivalents	0.88	0.29	1.56	0.07	0.08
Cash & Short-Term Investments	0.88	0.29	1.56	0.07	0.08
Accounts Receivable	0.06	0.00	0.00	0.04	0.02
Inventory	0.00	0.00	0.00	0.00	0.17
Other Current Assets	0.13	0.28	0.13	1.68	0.02
Total Current Assets	1.07	0.57	1.70	1.75	0.29
Non-Current Assets
Property, Plant & Equipment (Net)	12.14	11.12	9.95	5.84	5.58
Long-Term Investments	0.00	0.01	0.01	0.01	0.05
Other Non-Current Assets	0.00	0.00	0.00	1.90	1.90
Total Non-Current Assets	12.14	11.12	9.95	7.74	7.48
Total Assets	13.21	11.68	11.64	9.49	7.77
Current Liabilities
Accounts Payable	1.31	1.04	0.61	1.16	0.02
Short-Term Debt	0.47	0.88	1.22	5.43	3.66
Deferred Revenue	0.00	0.00	0.00	0.00	-0.02
Other Current Liabilities	0.08	0.68	0.02	0.11	0.00
Total Current Liabilities	1.86	2.59	1.85	6.71	3.68
Non-Current Liabilities
Long-Term Debt	0.00	0.00	0.00	0.00	0.00
Deferred Tax Liabilities	0.00	0.00	0.00	0.01	0.00
Other Non-Current Liabilities	0.05	0.05	0.05	0.05	0.04
Total Non-Current Liabilities	0.05	0.05	0.05	0.05	0.04
Total Liabilities	1.91	2.64	1.90	6.77	3.72
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-27.36	-20.07	-10.45	-3.90	-0.10
Accumulated Other Comprehensive Income	0.01	-0.01	0.00	-0.01	-0.05
Additional Paid-in Capital	38.65	29.13	20.20	6.63	4.15
Shares Outstanding	1.01	0.36	0.17	0.13	-
Total Stockholders' Equity	11.30	9.04	9.74	2.72	4.05
Total Liabilities & Equity	13.21	11.68	11.64	9.49	7.77

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About Trio Petroleum Balance Sheet

How much debt does Trio Petroleum have?

Trio Petroleum had total debt of $467.18K as of Oct 31, 2025, against $882.16K in cash and short-term investments. Its debt-to-equity ratio was 0.04. Total debt was $877.85K a year earlier.

What are Trio Petroleum's total assets?

Trio Petroleum reported total assets of $13.21M as of Oct 31, 2025, up 13.1% from $11.68M a year earlier. Total liabilities were $1.91M.

What is Trio Petroleum's shareholders' equity?

Trio Petroleum's shareholders' equity was $11.30M as of Oct 31, 2025, or about $11.24 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. Full definition