Fenbo Holdings Limited Ordinary Shares (FEBO) Balance Sheet

6Y historyFree accessUpdated daily

The company's equity base has significantly eroded to $35.6M as of 2025Q4, though it maintains a debt-to-equity ratio of 0.40 that appears manageable despite the ongoing operational losses.

Annual statement

FEBO Balance Sheet

Fenbo Holdings Limited Ordinary Shares (FEBO) balance sheet — 6-year assets, liabilities & shareholders' equity history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20

Total Current Assets	59.77M	59.32M	80M	97.94M	71.32M	77.91M	84.35M
Cash & Short-Term Investments	16.41M	19.04M	27.48M	46.34M	13.85M	4M	3.29M
Cash Only	16.41M	19.04M	27.48M	361.88M	13.85M	4M	3.29M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	29.41M	28.41M	39.04M	34.67M	35.96M	51.24M	60.94M
Days Sales Outstanding	95.81	122.19	107.23	106.51	110.02	132.52	154.56
Inventory	10.3M	9.8M	11.5M	14.09M	15.86M	21.51M	18.9M
Days Inventory Outstanding	37.91	48.37	38.84	53.01	57.56	66.63	59.12
Other Current Assets	3.58M	1.93M	238.42K	1.92K	2.84M	1M	0
Total Non-Current Assets	8.99M	12.11M	16.41M	5.05M	10.51M	16.24M	20.56M
Property, Plant & Equipment	8.99M	12.11M	16.41M	5.05M	8.61M	16.24M	20.49M
Fixed Asset Turnover	10.29x	7.01x	8.10x	23.55x	13.85x	8.69x	7.02x
Goodwill	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	0	0	0	-8	1.9M	0	62K
Total Assets	68.77M	71.43M	96.41M	102.98M	79.91M	94.15M	104.9M
Asset Turnover	1.55x	1.19x	1.38x	1.15x	1.49x	1.50x	1.37x
Asset Growth %	-93.9%	-25.92%	-6.38%	28.87%	-15.12%	-10.25%	-
Total Current Liabilities	37.7M	28.71M	41.41M	43M	41.33M	47.82M	52.64M
Accounts Payable	14.26M	14.04M	15.22M	18.48M	13.8M	19.13M	25.07M
Days Payables Outstanding	53.38	69.27	51.41	69.54	50.1	59.26	78.42
Short-Term Debt	8.68M	3M	11M	11M	16.62M	11M	14.07M
Deferred Revenue (Current)	0	0	0	0	8	0	0
Other Current Liabilities	2.44M	3.06M	0	4.9M	632.67K	9.1M	0
Current Ratio	1.59x	2.07x	1.93x	2.28x	1.73x	1.63x	1.60x
Quick Ratio	1.31x	1.72x	1.65x	1.95x	1.34x	1.18x	1.24x
Cash Conversion Cycle	80.34	101.29	94.66	89.98	117.49	139.88	135.26
Total Non-Current Liabilities	0	7.09M	9.48M	198K	2.55M	8.85M	13.25M
Long-Term Debt	0	0	0	0	0	0	0
Capital Lease Obligations	14.19M	7.09M	9.48M	198K	2.55M	8.85M	13.25M
Deferred Tax Liabilities	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	0	0	0	0	0	0
Total Liabilities	37.7M	35.8M	50.9M	43.2M	43.88M	56.67M	65.88M
Total Debt	16.63M	14.29M	26.3M	15.26M	19.17M	25.38M	32.13M
Net Debt	218K	-4.74M	-1.17M	-242.73M	5.32M	21.38M	28.84M
Debt / Equity	0.54x	0.40x	0.58x	0.26x	0.53x	0.68x	0.82x
Debt / EBITDA	-1.07x	-	-	2.76x	6.20x	2.69x	2.26x
Net Debt / EBITDA	-0.01x	-	-	-43.93x	1.72x	2.27x	2.03x
Interest Coverage	-	-39.54x	-23.89x	0.22x	6.67x	3.31x	4.90x
Total Equity	31.07M	35.62M	45.52M	59.78M	36.03M	37.48M	39.02M
Equity Growth %	-96.23%	-21.73%	-23.86%	65.89%	-3.86%	-3.95%	-
Book Value per Share	2.81	3.22	4.14	5.43	3.28	3.41	3.90
Total Shareholders' Equity	31.07M	35.62M	45.52M	59.78M	36.03M	37.48M	39.02M
Common Stock	9K	9K	9K	9K	8K	8K	8K
Retained Earnings	399K	2.6M	13.24M	28.72M	30.17M	31.53M	34.08M
Treasury Stock	0	0	0	0	0	0	0
Accumulated OCI	93K	2.45M	1.7M	2.55M	3.36M	5.94M	4.93M
Minority Interest	0	0	0	0	0	0	0

Key Metrics

Growth RegimeContracting

ProfitabilityNegative

Balance SheetAdequate

Cash FlowBurning

Top Statement Risk

Unsustainable Operating Cash Burn

Balance Sheet Contraction Amidst Losses

According to the latest quarterly filings, Fenbo's total assets have declined from $103.0M in 2023Q4 to $71.4M in 2025Q4, reflecting a significant reduction in the company's operational footprint as it struggles to maintain scale in a highly competitive and shrinking consumer electronics manufacturing market.

The consistent reduction in total assets suggests that the company is liquidating or failing to replace its productive capacity as revenue contracts. This trajectory indicates that the business is shrinking toward a smaller, potentially less viable core, which warrants close monitoring by investors concerned with long-term viability.

Leverage Remains Low But Risky

As reported in financial statements, Fenbo maintains a debt-to-equity ratio of 0.40 as of 2025Q4, which, while appearing conservative on the surface, must be interpreted against the backdrop of a rapidly eroding equity base and persistent operating losses that threaten the company's future solvency.

The debt load of $14.3M is relatively modest, yet the lack of consistent profitability makes even this level of leverage a potential burden. Investors should consider whether the company's limited debt capacity will be sufficient to fund a necessary operational pivot or if it will simply serve to bridge the gap during a prolonged decline.

Cash Buffer Faces Rapid Depletion

Based on 2025Q4 reported figures, Fenbo holds $19.0M in cash, providing a current ratio of 2.07, which suggests a temporary liquidity buffer; however, this must be weighed against the ongoing cash burn and the lack of clear revenue catalysts to replenish these reserves over time.

While the current ratio appears healthy, it is largely a function of the company's shrinking scale rather than operational strength. The reliance on this cash pile to fund operating losses suggests that the liquidity position is deteriorating, and the company may face significant pressure if the current burn rate continues.

Equity Erosion Reflects Operational Struggles

As indicated by the latest balance sheet data, equity has contracted significantly to $35.6M in 2025Q4, a sharp decline from the $466.8M reported in 2023Q4, primarily driven by the accumulation of losses and the absence of meaningful retained earnings growth to support the capital base.

The dramatic shift in equity value suggests that the company has been unable to generate value for shareholders, with retained earnings failing to offset the impact of operational losses. This trend implies that the company's book value is increasingly vulnerable to further impairment if the current negative margin environment persists.

FEBO — Frequently Asked Questions

Quick answers to the most common questions about buying FEBO stock.

What are the total assets of Fenbo Holdings Limited Ordinary Shares (FEBO)?

As of 2025, Fenbo Holdings Limited Ordinary Shares (FEBO) had total assets of $71.4M including $59.3M in current assets.

How much debt does Fenbo Holdings Limited Ordinary Shares (FEBO) have?

Fenbo Holdings Limited Ordinary Shares (FEBO) carries total debt of $14.3M, offset by $19.0M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Fenbo Holdings Limited Ordinary Shares?

Fenbo Holdings Limited Ordinary Shares (FEBO) has total shareholders' equity (book value) of $35.6M ($3.22 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Fenbo Holdings Limited Ordinary Shares's current ratio and liquidity?

Fenbo Holdings Limited Ordinary Shares (FEBO) reported a current ratio of 2.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.