BEL Fuse Inc balance sheet

At the end of fiscal 2025, BEL Fuse Inc had total assets of $935m, total liabilities of $417m and shareholders' equity of $426m. It held $57.8m in cash against $198m of debt: net debt of $140m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

BEL Fuse Inc: balance sheet, annual
Fiscal year	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	71	62	77	85	73	69	54	72	85	62	70	89	68	58	306
Receivables	43	64	100	86	74	79	92	76	71	87	107	84	111	121	156
Inventory	55	70	114	99	99	108	120	107	100	139	172	137	161	167	200
Total current assets	191	204	311	280	255	266	291	283	280	329	381	381	374	385	699
Goodwill	14	18	118	122	18	20	20	22	24	27	25	27	208	215	218
Total assets	275	308	630	579	427	431	444	469	454	512	560	572	950	935	1,264
Accounts payable	19	30	62	50	47	48	56	44	40	66	65	40	49	53	88
Deferred revenue (current)	—	—	—	—	—	—	1	1	2	2	9	3	6	10	11
Total current liabilities	46	67	122	122	92	87	106	90	88	112	136	111	128	127	156
Short-term debt	—	0	13	25	11	3	3	5	5	0	—	—	—	—	—
Long-term debt	—	0	219	159	130	120	112	138	110	113	95	60	288	198	0
Total debt	0	12	233	184	141	123	114	145	117	113	95	60	288	198	0
Total liabilities	60	79	411	345	268	273	267	301	268	303	298	231	509	417	252
Shareholders' equity	215	229	224	233	158	158	176	168	186	209	262	341	361	426	909
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	—	—	—	—	—	81	93	103
Net debt (negative = net cash)	−71	−50	155	99	68	53	60	73	32	51	25	−29	219	140	−306

US$ millions unless shown otherwise. Fiscal quarters.

BEL Fuse Inc: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	76	111	104	121	126	121	120	156
Inventory	125	161	165	165	166	167	181	200
Total current assets	388	374	368	379	388	385	397	699
Goodwill	27	208	208	211	215	215	225	218
Total assets	584	950	584	951	953	935	952	1,264
Accounts payable	37	49	46	54	54	53	64	88
Deferred revenue (current)	3	6	5	12	12	10	9	11
Total current liabilities	97	128	111	124	127	127	125	156
Long-term debt	60	288	280	250	225	198	205	0
Total debt	60	288	280	250	225	198	205	0
Total liabilities	217	509	483	465	444	417	416	252
Shareholders' equity	367	361	377	405	428	426	439	909
Non-controlling interests and other (assets − liabilities − equity)	—	81	−275	81	81	93	97	103

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

Compare with peers

Head to head: BELFA vs KN BELFA vs ROG BELFA vs OLED BELFA vs CTS

More: Electronic Components stocks compared, Technology sector, rankings of US companies

Figures from BEL Fuse Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to BEL Fuse Inc.