TOYO Co., Ltd balance sheet TOYO

Annual Quarterly

As of Dec 31, 2025, TOYO Co., Ltd had total assets of $441.4 million and total liabilities of $330.2 million. Total assets were up 84.1% from a year earlier. Stockholders' equity was $111.3 million. It held $51.6 million in cash and investments against $73.5 million of total debt, net debt of $21.8 million. The current ratio, current assets divided by current liabilities, was 0.58.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
Assets
Cash
52
+278.2%
14
Cash and investments
52
+278.2%
14
Receivables
11
+62.8%
7
Inventory
80
+300.2%
20
Total current assets
172
+210.3%
55
Property and equipment, net
221
+71.0%
129
Total assets
441
+84.1%
240
Liabilities and equity
Accounts payable
52
+197.1%
18
Total current liabilities
296
+136.5%
125
Total liabilities
330
+83.1%
180
Stockholders' equity
111
+87.8%
59
Debt
Debt due within a year
36
+86.2%
—
Long-term debt
—
21
Lease liabilities
37
+2.5%
36
Total debt
73
+31.5%
57
Net cash
-22
+48.3%
-44
Ratios
Current ratio
0.58x
0.44x
Debt to equity
0.66x
0.97x
Debt to EBITDA
0.77x
1.79x
Return on equity
35.65%
68.56%
Return on assets
8.98%
16.94%
Book value per share
3.03
1.76
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Industry
Semiconductors & Related Devices (SIC 3674)
Listed as
TOYO (Nasdaq), TOYWF (OTC)
Fiscal year ends
December 31
Incorporated in
Cayman Islands
Headquarters
Tokyo
SEC filer status
Non-accelerated filer, Emerging growth company
SEC CIK
1985273

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.