TruGolf Holdings (TRUG) Balance Sheet: Assets & Liabilities

TruGolf Holdings (TRUG) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2025), TruGolf Holdings reported total assets of $20.18M and total liabilities of $15.88M. Shareholders' equity was $4.30M. Total debt stood at $5.88M against $10.47M in cash and short-term investments, a net cash position of $4.59M. That puts debt-to-equity at 1.37.

TruGolf Holdings 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 TruGolf Holdings, Inc. (TRUG) - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2009
Period ending	Mar 2026	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Dec 2009
Current Assets
Cash and Cash Equivalents	10.47	10.47	10.88	8.78	3.30	9.66	10.71	0.50	0.46
Short-Term Investments	0.00	-	0.00	-	2.48	0.00	0.00	0.00	-
Cash & Short-Term Investments	10.47	10.47	10.88	8.78	5.78	9.66	10.71	0.50	0.46
Accounts Receivable	1.06	1.06	1.40	1.40	2.40	1.74	1.50	0.00	0.45
Inventory	0.86	0.86	2.35	2.35	2.12	2.12	1.86	0.00	-
Other Current Assets	3.09	0.99	0.16	0.16	2.36	0.17	0.48	0.00	-
Total Current Assets	15.48	15.48	14.79	14.79	12.66	13.69	14.54	0.50	0.95
Non-Current Assets
Property, Plant & Equipment (Net)	1.04	1.04	0.78	0.78	1.21	0.90	0.35	0.00	0.18
Intangible Assets	3.63	3.63	1.54	1.54	0.00	0.00	0.00	0.00	-
Other Non-Current Assets	0.03	0.03	0.03	0.03	1.91	0.00	0.00	0.04	-
Total Non-Current Assets	4.70	4.70	2.35	2.35	3.11	0.90	0.35	0.04	-
Total Assets	20.18	20.18	17.14	17.14	15.77	14.59	14.89	0.54	1.13
Current Liabilities
Accounts Payable	2.77	2.77	2.82	2.82	2.06	1.46	0.68	0.00	0.00
Short-Term Debt	4.40	3.35	4.11	3.75	2.78	2.17	1.46	0.00	-
Current Portion of Long-Term Debt	-	0.12	-	4.02	2.20	1.04	0.91	-	-
Accrued Liabilities	-	2.10	-	1.46	1.59	0.56	0.39	-	-
Deferred Revenue	5.56	5.56	3.11	3.11	1.70	2.71	2.59	0.00	-
Other Current Liabilities	1.67	-	5.62	4.22	0.38	0.10	0.48	0.04	-
Total Current Liabilities	14.40	11.05	15.78	15.78	10.67	7.41	5.42	0.04	0.02
Non-Current Liabilities
Long-Term Debt	1.48	1.29	5.01	4.70	8.29	1.44	1.98	0.50	-
Other Non-Current Liabilities	0.00	-	1.00	0.00	0.06	8.66	10.63	0.01	0.50
Total Non-Current Liabilities	1.48	1.48	6.01	6.01	9.02	10.61	12.62	0.51	-
Total Liabilities	15.88	15.88	21.78	21.78	19.69	18.02	18.04	0.55	0.52
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-
Retained Earnings	-41.08	-41.08	-21.16	-21.16	-12.36	-2.08	-1.12	-0.06	-
Accumulated Other Comprehensive Income	0.00	-	0.00	-	0.00	0.00	0.00	0.00	-
Treasury Stock	-	2.04	-	2.04	2.04	2.04	2.04	-	-
Additional Paid-in Capital	45.38	47.41	16.51	18.55	10.48	0.68	-2.04	0.05	-
Shares Outstanding	-	0.44	-	0.06	0.03	0.03	13.26	-	-
Total Stockholders' Equity	4.30	4.30	-4.64	-4.64	-3.92	-3.43	-3.16	-0.01	0.61
Total Liabilities & Equity	20.18	20.18	17.14	17.14	15.77	14.59	14.89	0.54	-

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

Frequently Asked Questions About TruGolf Holdings Balance Sheet

How much debt does TruGolf Holdings have?

TruGolf Holdings had total debt of $5.88M as of Mar 31, 2026, against $10.47M in cash and short-term investments. Its debt-to-equity ratio was 1.37. Total debt was $9.12M a year earlier.

What are TruGolf Holdings's total assets?

TruGolf Holdings reported total assets of $20.18M as of Mar 31, 2026, up 17.7% from $17.14M a year earlier. Total liabilities were $15.88M.

What is TruGolf Holdings's shareholders' equity?

TruGolf Holdings's shareholders' equity was $4.30M 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